iShares MSCI USA Quality Factor ETF
U.S. stock index ETF · tracks MSCI USA Sector Neutral Quality Index
As of its 2026 Q2 report, iShares MSCI USA Quality Factor ETF held 124 positions with $50.11B in net assets. Its ten largest holdings made up 39.0% of the fund. The QUAL share class costs 0.15% a year. Over the 12 months to May 2026, QUAL returned 22.8%, with dividends reinvested. In 2026 Q3 it added 25 new positions and exited 22.
The iShares MSCI USA Quality Factor ETF (the Fund ) seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics.
The fund tracks the MSCI USA Sector Neutral Quality Index using representative sampling, holding a sample of U.S. large- and mid-cap stocks selected for higher quality characteristics—measured by return on equity, earnings variability, and leverage—within each sector. The index weights securities by quality score and market cap, then normalizes sector weights to match the parent MSCI USA Index, with individual holdings capped at 5%. Because the fund may not hold all index constituents, its returns may diverge from the index it seeks to track.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
6.50% | $3.26B | 16.3M | $199.57 | |
AAPLAPPLE INC. | 6.27% | $3.14B | 11.6M | $271.35 |
5.04% | $2.53B | 6.2M | $407.78 | |
3.49% | $1.75B | 2.9M | $611.91 | |
3.22% | $1.62B | 6.3M | $257.86 | |
3.19% | $1.60B | 10.2M | $156.75 | |
3.08% | $1.55B | 4.7M | $329.84 | |
2.92% | $1.46B | 1.6M | $934.60 | |
KLACKLA CORPORATION | 2.78% | $1.40B | 797.1K | $1,750.35 |
GOOGLALPHABET INC. | 2.53% | $1.27B | 3.3M | $384.80 |
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 124 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 | 99.84% |
| Cash & short-term | 0.51% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 36.8%
- Financials
- 11.9%
- Consumer Discretionary
- 10.3%
- Communication Services
- 9.3%
- 9 other sectors
- 31.7%
- Information Technology
- 36.8%
- Financials
- 11.9%
- Consumer Discretionary
- 10.3%
- Communication Services
- 9.3%
- Industrials
- 9.2%
- Health Care
- 9.1%
- Consumer Staples
- 4.4%
- Energy
- 3.3%
- Utilities
- 2.1%
- Materials
- 1.8%
- Real Estate
- 1.8%
- Cash
- 0.1%
- Other
- 0.0%
How it has done
QUAL share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.27%. 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 Quality Factor ETF is a U.S. equity index ETF that tracks the MSCI USA Sector Neutral Quality Index. 17% of QUAL’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
- Features
- Master-feeder
- Expense ratio, by class
- 0.15%· QUAL 0.15%
- Portfolio turnover
- 21.00% 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.
25 new· the largest 8
22 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — QUAL, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”