Key stats
About iShares MSCI USA Size Factor ETF
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Inception date
Apr 16, 2013
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
SIZE provides total-market exposure thats flipped on its head. The funds weighting scheme allocates larger positions to the smallest firms from its large- and mid-cap parent indexMSCI USA Index. However, the methodologys natural log weighting function produces muted results compared to a simple inversionSIZE resembles an equal-weighted portfolio with a slight boost given to smaller firms. In addition to this small-size tilt, inverse weighting is likely to produce significant sector tilts relative to the parent index. The funds top holdings can change often as market movements and corporate actions push smaller mid-cap firms in and out of the large-/mid universe, and the contrarian strategy requires SIZE to sell winners and buy losers at each semi-annual rebalance. Prior to December 3, 2018, SIZE tracked an index that favors low-volatility US stocks.
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
Technology Services
Stocks99.81%
Finance20.03%
Technology Services13.92%
Electronic Technology8.59%
Health Technology8.19%
Utilities6.27%
Producer Manufacturing6.17%
Consumer Non-Durables5.40%
Retail Trade5.34%
Consumer Services4.89%
Process Industries3.84%
Energy Minerals2.62%
Transportation2.19%
Health Services2.15%
Industrial Services2.08%
Commercial Services2.05%
Consumer Durables1.96%
Distribution Services1.95%
Non-Energy Minerals1.42%
Communications0.58%
Miscellaneous0.19%
Bonds, Cash & Other0.19%
Mutual fund0.17%
Cash0.02%
Stock breakdown by region
North America96.30%
Europe3.49%
Latin America0.21%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history