Key stats
About iShares MSCI USA Min Vol Factor ETF
Expense ratio
0.15%
Home page
Inception date
Oct 18, 2011
USMV offers a minimum-volatility portfolio of US stocks. The fund's index uses an optimization algorithm to build a minimum variance portfolio, one that considers correlation between stocks rather than simply holding a basket of low-vol stocks. While USMV applies sector constraints in its optimizer, sector bets can be substantial, if unsurprising. The fund typically overweights defensive, dividend-paying sectors. USMV`s optimizer also aims to keep other risk factors marketlike as it dials back on volatility. The ETF takes substantially less risk than the market portfolio as shown by low beta.
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
Technology Services
Finance
Electronic Technology
Health Technology
Stocks99.77%
Technology Services16.27%
Finance14.02%
Electronic Technology12.01%
Health Technology11.44%
Consumer Non-Durables9.28%
Utilities7.11%
Retail Trade5.15%
Industrial Services4.02%
Communications3.57%
Consumer Services3.21%
Health Services2.74%
Transportation2.36%
Commercial Services2.04%
Distribution Services1.96%
Energy Minerals1.88%
Process Industries1.77%
Non-Energy Minerals0.87%
Producer Manufacturing0.07%
Bonds, Cash & Other0.23%
Mutual fund0.17%
Miscellaneous0.05%
Cash0.01%
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