iShares MSCI USA Min Vol Factor ETF
U.S. stock index ETF · tracks MSCI USA Minimum Volatility (USD) Index
As of its 2026 Q2 report, iShares MSCI USA Min Vol Factor ETF held 174 positions with $22.86B in net assets. Its ten largest holdings made up 15.6% of the fund. The USMV share class costs 0.15% a year. Over the 12 months to May 2026, USMV returned 4.8%, with dividends reinvested. In 2026 Q3 it added 7 new positions and exited 12.
The iShares MSCI USA Min Vol Factor ETF (the Fund ) seeks to track the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market.
The fund tracks the MSCI USA Minimum Volatility Index using representative sampling, holding a sample of large- and mid-cap U.S. equities selected and weighted to exhibit the lowest absolute volatility while applying constraints on turnover, sector concentration, and liquidity. Because the fund may not hold all index constituents, its returns may diverge from the index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
1.80% | $412.41M | 4.5M | $91.50 | |
1.64% | $373.72M | 1.9M | $199.57 | |
1.60% | $365.67M | 2.4M | $154.33 | |
1.56% | $355.91M | 872.8K | $407.78 | |
1.55% | $354.14M | 2.7M | $129.55 | |
1.53% | $349.75M | 3.6M | $96.70 | |
1.50% | $343.35M | 2.3M | $147.27 | |
1.49% | $341.27M | 1.0M | $327.00 | |
1.49% | $340.01M | 7.1M | $48.03 | |
1.47% | $336.62M | 1.4M | $232.55 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 174 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.74% |
| Cash & short-term | 0.30% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 32.0%
- Health Care
- 13.3%
- Financials
- 12.7%
- Consumer Staples
- 9.4%
- 9 other sectors
- 32.6%
- Information Technology
- 32.0%
- Health Care
- 13.3%
- Financials
- 12.7%
- Consumer Staples
- 9.4%
- Industrials
- 6.9%
- Utilities
- 6.9%
- Communication Services
- 5.4%
- Consumer Discretionary
- 5.4%
- Energy
- 2.9%
- Real Estate
- 2.6%
- Materials
- 2.1%
- Cash
- 0.3%
- Other
- 0.0%
How it has done
USMV share class · total returns with dividends reinvested
Volatility over the last 12 months: 7.83%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
iShares MSCI USA Min Vol Factor ETF is a U.S. equity index ETF that tracks the MSCI USA Minimum Volatility (USD) Index. 18% of USMV’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 99% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Expense ratio, by class
- 0.15%· USMV 0.15%
- Portfolio turnover
- 22.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
7 new
12 exited· the largest 8
Understand how this fund fits with the rest.
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