Key stats
About iShares MSCI USA Min Vol Factor ETF
Home page
Inception date
Oct 18, 2011
Structure
Open-Ended Fund
Replication method
Physical
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
Stocks99.86%
Technology Services20.88%
Finance16.17%
Consumer Non-Durables9.36%
Health Technology9.26%
Electronic Technology9.17%
Utilities7.43%
Retail Trade4.99%
Industrial Services4.83%
Communications3.87%
Distribution Services2.98%
Energy Minerals2.98%
Consumer Services2.96%
Health Services2.35%
Process Industries1.06%
Commercial Services0.69%
Transportation0.62%
Non-Energy Minerals0.16%
Producer Manufacturing0.06%
Consumer Durables0.05%
Bonds, Cash & Other0.14%
Mutual fund0.12%
Cash0.02%
Stock breakdown by region
North America95.21%
Europe4.36%
Latin America0.43%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
USMV invests in stocks. The fund's major sectors are Technology Services, with 20.88% stocks, and Finance, with 16.17% of the basket. The assets are mostly located in the North America region.
USMV top holdings are Microsoft Corporation and Cisco Systems, Inc., occupying 1.55% and 1.55% of the portfolio correspondingly.
USMV last dividends amounted to 0.32 USD. The quarter before, the issuer paid 0.42 USD in dividends, which shows a 28.72% decrease.
USMV assets under management is 23.94 B USD. It's fallen 0.42% over the last month.
USMV fund flows account for −3.09 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, USMV pays dividends to its holders with the dividend yield of 1.56%. The last dividend (Mar 21, 2025) amounted to 0.32 USD. The dividends are paid quarterly.
USMV shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Oct 18, 2011, and its management style is Passive.
USMV expense ratio is 0.15% meaning you'd have to pay 0.15% of your investment to help manage the fund.
USMV follows the MSCI USA Minimum Volatility (USD). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USMV invests in stocks.
USMV price has risen by 1.31% over the last month, and its yearly performance shows a 12.71% increase. See more dynamics on USMV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.14% over the last month, showed a 0.32% increase in three-month performance and has increased by 14.53% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.14% over the last month, showed a 0.32% increase in three-month performance and has increased by 14.53% in a year.
USMV trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.