Key stats
About iShares MSCI USA Min Vol Factor ETF
Home page
Inception date
Oct 18, 2011
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
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
Health Technology
Stocks99.82%
Technology Services17.74%
Finance17.48%
Health Technology10.55%
Electronic Technology9.88%
Consumer Non-Durables8.39%
Utilities7.98%
Retail Trade5.94%
Industrial Services4.90%
Communications4.10%
Consumer Services3.20%
Distribution Services2.55%
Health Services2.26%
Energy Minerals2.21%
Commercial Services0.74%
Process Industries0.73%
Transportation0.69%
Non-Energy Minerals0.36%
Producer Manufacturing0.12%
Bonds, Cash & Other0.18%
Mutual fund0.16%
Cash0.02%
Stock breakdown by region
North America95.48%
Europe4.07%
Latin America0.45%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history