Morningstar Large Growth Index Fund ETF (JKE)

The Morningstar Large Growth Index Fund ETF (JKE) started trading in late June 2004. As its name suggests, it tracks the Morningstar Large Growth Index, minus expenses and fees. The ETF uses a sampling approach to track the index. As of July 2008, the ETF held 105 of the index's 120 stocks.

The Morningstar Large Growth Index tracks large cap companies that have the potential for faster growth than other stocks. Morningstar selects the index's components by looking at stocks' book values, cash flows, earnings, and sales.

As of July 2008, the ETF had the following sector breakdown:

Basic materials 10.15%
Business services 8.54%
Consumer goods 5.98%
Consumer services 6.76%
Energy 15.15%
Financial services 8.16%
Hardware 15.26%
Health care 13.92%
Media 4.02%
Software 10.62%

The ETF is passively managed, with an expense ratio of 0.25%. The fund's most recent annual turnover rate was 31%.

Although this is subject to change, the ETF pays a quarterly dividend in March, June, September and December. The dividend is irregular, and past distributions have ranged from $0.045 a share to $0.12381 a share. In the past, return of capital accounted for a portion of some of the dividend distributions.


The Morningstar Large Growth Index Fund's holdings, as of July 2008, are listed below.