IMCV vs TMFE: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Motley Fool Capital Efficiency 100 Index ETF

TMFECCboe

Overlap

4.3%by weight

Expense ratio

IMCV −0.44pt a year

IMCV0.06%TMFE0.50%

Avg volume · 30D

IMCV 3.9×the volume

IMCV38.9KTMFE9.98K

3Y return · a year

IMCV +3.1pt

IMCV+22.2%TMFE+19.1%

IMCV vs TMFE Performance

Oct 31, 2025 – Oct 30, 2026

+27.0%IMCV+2.9%TMFE

Expense ratio: IMCV 0.06%, better; TMFE 0.50%
Fund size: IMCV $1.27B; TMFE $74M
1Y total return: IMCV +27.0%, better; TMFE +2.9%
Yield (12M): IMCV 1.84%, better; TMFE 0.31%
Holdings: IMCV 271; TMFE 101
Avg volume (30D): IMCV 38.9K sh, better; TMFE 9.98K sh
NAV per share: IMCV $99.16; TMFE $30.26
52W range

ETF.net Grade

Pillar letters and Scores for IMCV, TMFE, with each pillar’s weight
Pillar	IMCV	TMFE
Cost30% weight	A96Higher	D26
Mission25% weight	A76Higher	A71
Risk15% weight	A77Higher	C40
Tradability15% weight	B69Higher	D33
Holdings10% weight	B69Higher	D27
Durability5% weight	A77Higher	D31

Rank among US Multifactor funds

How we build Categories ›

Same Category. IMCV and TMFE are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

IMCV ranks 4th and TMFE 84th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81
Rank 4AIMCViShares Morningstar Mid-Cap Value ETFScore 80
Rank 5ADCORU.S. Core Equity 1 Portfolio ETF Class SharesScore 79
Rank 84CHQGOHartford US Quality Growth ETFScore 40
Rank 84CTMFEMotley Fool Capital Efficiency 100 Index ETFScore 40
Rank 86DPALCPacer Lunt Large Cap Multi-Factor Alternator ETFScore 39

Our read on each fund

ETF.net Research

IMCVAiShares Morningstar Mid-Cap Value ETF

TMFECMotley Fool Capital Efficiency 100 Index ETF

In short

IMCV No data

TMFE Stock-picking research in an index wrapper. TMFE screens The Motley Fool's own recommendation universe down to the 100 most capital-efficient companies, then caps each position at 4.8%.

Stated mandate

IMCV No data

TMFE The fund seeks to track, before fees and expenses, the total return performance of the proprietary Capital Efficiency 100 Index.

Why people hold it

IMCV No data

TMFE The universe is the twist: eligibility starts with US companies Motley Fool analysts have recommended or rated highly, and a capital-efficiency score picks the 100 that make the cut.fooletfs.com fooletfs.com 2
A 4.8% cap per holding at rebalance keeps one hot name from quietly becoming the whole fund.fooletfs.com
The screen is spelled out in the prospectus: growth and profitability via a named Capital Efficiency Factor Score, run passively against a published US equity index.

Worth knowing

IMCV No data

TMFE At 0.50% a year it costs more than the typical multifactor peer, and plain index rivals like IUSG and VONV charge a small fraction of that.
The benchmark is proprietary to The Motley Fool, not an independent index house, and it has only been live since the fund's 2021 launch.usnews.com
A smaller fund that trades lightly, so bid-ask spreads tend to run wider than on mega-cap index ETFs.

Full IMCV profile⁠

Full TMFE profile⁠

IMCV vs TMFE Holdings

How IMCV and TMFE differ

Overlap by weight

4.3%

Shared holdings make up 7.6% of TMFE and 4.3% of IMCV.

Level by level

Holdings13 in both4.3%
Sector11 Sectors50.4%
Countryby domicile98.7%
Asset classEquity100%

Sector

Sector weights in IMCV and TMFE, widest gap first
Sector	More in IMCVMore in TMFE	IMCV	TMFE
Technology	TMFE +30.7 points	6.5%	37.2%
Energy	IMCV +13.4 points	13.4%	0.0%
Communication	TMFE +11.7 points	1.1%	12.8%
Utilities	IMCV +9.0 points	9.0%	0.0%
Industrials	IMCV +8.9 points	14.2%	5.3%
Financials	IMCV +8.6 points	18.5%	9.9%
Consumer Discretionary	TMFE +6.4 points	6.9%	13.3%
Real Estate	IMCV +4.4 points	4.6%	0.1%
Materials	IMCV +3.5 points	5.0%	1.5%
Consumer Staples	IMCV +1.8 points	8.7%	6.9%
Health Care	TMFE +0.7 points	12.2%	12.9%

Country, concentration and asset class

Country by domicile

Country weights in IMCV and TMFE, widest gap first
Country	More in IMCVMore in TMFE	IMCV	TMFE
United States	TMFE +1.3 points	98.7%	100.0%
Other countries (4)	IMCV +1.3 points	1.3%	0.0%

Concentration

Weight in the 10 largest Holdings

IMCV13.2%
TMFE44.6%

Securities held

IMCV268
TMFE100

Asset class

IMCV: Equity
TMFE: Equity

Holdings

Only in IMCV255
In both13
Only in TMFE87

Only in IMCV

255 securities, 95.6% of IMCV by weight

Automatic Data Processing Inc1.60%
Valero Energy Corp1.57%
Phillips 661.54%
Us Bancorp1.27%
Regeneron Pharmaceuticals1.25%
Pnc Financial Services Group1.24%
3M1.23%
Elevance Health Inc1.20%
Eog Resources1.19%
Mondelez International Class A1.14%
Travelers Companies1.13%
United Parcel Service Inc Class B1.11%
Slb1.09%
Moderna1.08%
General Motors1.05%
Cigna1.04%
Hewlett Packard Enterprise1.00%
Target Corp0.96%
Cheniere Energy0.93%
Kinder Morgan0.91%
Marathon Petroleum0.88%
Oneok0.83%
Truist Financial0.82%
Marsh0.82%
Devon Energy0.78%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Metlife0.73%
Williams0.72%
Delta Air Lines0.72%
Paccar Inc0.69%
Colgate-Palmolive0.69%
Xcel Energy Inc0.68%
PayPal Holdings0.67%
Keurig Dr Pepper Inc0.66%
Ford Motor Co0.66%
Strategy Inc Class A0.65%
Exelon Corp0.65%
Northrop Grumman Corp0.64%
Occidental Petroleum Corp0.64%
Iqvia Holdings Inc0.60%
Consolidated Edison0.59%
Norfolk Southern Corp0.59%
American Electric Power Inc0.56%
American International Group0.56%
Prudential Financial Inc0.55%
Crh Public Limited PLC0.53%
Diamondback Energy0.53%

Only in TMFE

87 securities, 92.2% of TMFE by weight

Mastercard Inc5.60%
Costco Wholesale Corp5.51%
Visa Inc5.51%
Apple Inc4.86%
NVIDIA Corp4.32%
Meta Platforms Inc4.05%
Lam Research Corp3.83%
Crowdstrike Holdings Inc3.82%
Alphabet Inc3.75%
Gilead Sciences Inc3.33%
TJX Cos Inc/The3.18%
Intuitive Surgical Inc2.35%
T-Mobile US Inc2.27%
Bristol-Myers Squibb Co2.20%
Uber Technologies Inc2.05%
Adobe Inc2.01%
Booking Holdings Inc1.92%
HCA Healthcare Inc1.88%
Fortinet Inc1.75%
Cintas Corp1.74%
ServiceNow Inc1.54%
Airbnb Inc1.52%
Datadog Inc1.47%
Snowflake Inc1.44%
Monster Beverage Corp1.26%
FedEx Corp1.02%
Autodesk Inc0.95%
Everpure Inc0.91%
IDEXX Laboratories Inc0.91%
Chipotle Mexican Grill Inc0.77%
AutoZone Inc0.73%
Comfort Systems USA Inc0.65%
Astera Labs Inc0.65%
Live Nation Entertainment Inc0.60%
Zscaler Inc0.60%
Old Dominion Freight Line Inc0.51%
Dexcom Inc0.48%
Cboe Global Markets Inc0.46%
EMCOR Group Inc0.45%
MongoDB Inc0.42%
Coupang Inc0.40%
Casey's General Stores Inc0.39%
Fair Isaac Corp0.39%
Nutanix Inc0.35%
Rollins Inc0.34%
Medpace Holdings Inc0.33%
Exelixis Inc0.31%
UL Solutions Inc0.30%
Docusign Inc0.30%
Wayfair Inc0.30%

Weight gaps

All 13 Holdings in both funds, largest gap first.

Holding weights in IMCV and TMFE, widest gap first
Holding	More in IMCVMore in TMFE	IMCV	TMFE
Sherwin WilliamsSHW	TMFE +0.93 points	0.37%	1.30%
Ulta Beauty IncULTA	TMFE +0.47 points	0.16%	0.63%
Nike Class BNKE	TMFE +0.35 points	0.62%	0.97%
EbayEBAY	TMFE +0.32 points	0.46%	0.78%
SyscoSYY	TMFE +0.28 points	0.54%	0.82%
ResmedRMD	TMFE +0.27 points	0.21%	0.48%
Williams Sonoma IncWSM	TMFE +0.21 points	0.23%	0.44%
Incyte CorpINCY	TMFE +0.18 points	0.16%	0.34%
Workday Class AWDAY	TMFE +0.14 points	0.53%	0.67%
Wesco InternationalWCC	TMFE +0.12 points	0.14%	0.26%
Tractor SupplyTSCO	TMFE +0.04 points	0.23%	0.27%
NvrNVR	TMFE +0.03 points	0.21%	0.24%
Cognizant Technology Solutions ClaCTSH	Same weight	0.40%	0.40%

All 268 IMCV holdings⁠All TMFE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IMCV vs TMFE Cost

Overpaying TMFE vs IMCV

$8,709

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IMCV 0.06%
$1,270
TMFE 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

IMCV 0.06%
TMFE 0.50%
Overpaying

Year by year

Year	IMCV	TMFE	Overpaying
10	$110	$900	$790
20	$432	$3,460	$3,028
30	$1,270	$9,979	$8,709

Expense ratio

0.06%IMCV, cheaper
0.50%TMFE

IMCV0.06%TMFE0.50%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

TMFE 75th cheapest of 99 funds

IMCV vs TMFE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCV 1.84%, better; TMFE 0.31%
Payout (12M): IMCV $1.83; TMFE $0.09
Last payment: IMCV $0.52; TMFE $0.09
Ex-dividend: IMCV Sep 15, 2026; TMFE Dec 18, 2025
Paid on: IMCV Sep 18, 2026; TMFE Dec 19, 2025
Frequency: IMCV Quarterly; TMFE Annual

Distribution history

Per share, 2017 to 2026, same scale for both

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

TMFEAnnual · 4 paymentsAll TMFE payments⁠

IMCV vs TMFE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IMCV 13.6%TMFE 13.1%, better
Return per unit of riskSharpe ratio, 3 years: IMCV 1.22, betterTMFE 1.07
Worst fallMax drawdown, 5 years: IMCV −19.9%TMFE −31.1%since Dec 2021
Market sensitivityBeta, 5 years: IMCV 0.88TMFE 0.94; Market = 1

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