Key stats
About iShares MSCI USA Small-Cap Min Vol Factor ETF
Expense ratio
0.20%
Home page
Inception date
Sep 7, 2016
SMMV is a potential fit for investors looking to capture the small-cap size factor but trying to avoid interim volatility. Starting with the US small-cap universe, SMMVs underlying index uses a volatility-based optimization approach including correlation between stocks within the index, to build a minimum variance portfolio of small-cap stocks. This semi-annual optimization process is applied within a given set of constraints (minimum and maximum constituent weight, sector, and factor constraints) to help maintain index investability and replicability. By design, SMMV will have lower market risk (beta) than a typical market-cap-selected and -weighted small-cap portfolio.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.76%
Finance20.83%
Health Technology9.89%
Technology Services9.00%
Consumer Services7.93%
Utilities7.78%
Health Services5.94%
Retail Trade5.34%
Consumer Non-Durables4.98%
Process Industries4.92%
Commercial Services4.03%
Industrial Services3.11%
Transportation2.79%
Producer Manufacturing2.36%
Electronic Technology2.36%
Energy Minerals2.27%
Distribution Services1.98%
Non-Energy Minerals1.57%
Communications1.25%
Consumer Durables0.95%
Miscellaneous0.47%
Bonds, Cash & Other0.24%
Cash0.23%
Miscellaneous0.00%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history