Key Highlights

  • iShares MSCI USA Min Vol Factor ETF (CBOE:USMV) had net assets of about $24.19 billion and a NAV of $103.38 as of Oct 26, 2026.
  • The fund tracks the MSCI USA Minimum Volatility Index with an expense ratio of 0.15%.
  • Its 30-day SEC yield was 1.31%, with quarterly distributions.

The iShares MSCI USA Min Vol Factor ETF (CBOE:USMV) tracks U.S. stocks with lower volatility characteristics. As of Oct 26, 2026, it had net assets of about $24.19 billion and a NAV of $103.38 per share.

Index and Investment Approach

The fund follows the MSCI USA Minimum Volatility Index, with the MSCI USA Index as its secondary benchmark. It has traded since Oct 18, 2011, holds 174 stocks and charges 0.15%. iShares notes there is no guarantee the index strategy of seeking to lower volatility will succeed.

Portfolio Composition

Holdings are evenly weighted across sectors, with Microsoft (1.59%), ExxonMobil (1.57%), Chubb (1.50%), Berkshire Hathaway Class B (1.50%) and Welltower (1.48%) leading.

Yield and Distributions

The fund reported a 30-day SEC yield of 1.31% as of Sep 30, 2026 and a 12-month trailing yield of 1.45%. Distributions are paid quarterly. The most recent distribution was $0.328202 per share, with an ex-date of Sep 15, 2026 and payment on Sep 18, 2026. iShares notes that distribution yield and trailing yield can vary from period to period for reasons such as tax treatment and changes in fund shares outstanding.

Portfolio Characteristics

As of Oct 23, 2026 the portfolio held 174 securities, with a price-to-earnings ratio of 26.67 and a price-to-book ratio of 4.52.

Concentration and Holdings Profile

174 securities were held as of Oct 23, 2026. The five largest positions listed on the fund page totalled about 7.64% of assets, leaving roughly 92.36% across the remaining holdings. That is a low level of concentration, with exposure spread thinly across many issuers. iShares notes that holdings are subject to change and that the weights shown are calculated from vendor prices, which may differ from the fund’s own valuation prices.

Fund Details at a Glance

The iShares MSCI USA Min Vol Factor ETF (CBOE:USMV) is an index-based equity fund that began trading on Oct 18, 2011. Its benchmark is the MSCI USA Minimum Volatility Index, and it pays distributions quarterly. As of Oct 26, 2026 it had 234 million shares outstanding and net assets of $24,191,894,760. An annual fee of 0.15% works out to $15 for every $10,000 held, before any brokerage commissions.

Risk Disclosures Noted by iShares

iShares notes that its minimum volatility funds may experience more than minimum volatility, as there is no guarantee that the index strategy of seeking to lower volatility will be successful. Shares of ETFs are bought and sold at market price rather than NAV and are not individually redeemed from the fund, and brokerage commissions will reduce returns. Investing involves risk, including possible loss of principal.

Costs and Trading Details

The expense ratio is 0.15%. The fund is listed on Cboe BZX with 234 million shares outstanding and net assets of $24,191,894,760 as of Oct 26, 2026. The closing price was $103.42 as of Oct 26, 2026, against a NAV of $103.38 on Oct 26, and the premium/discount was -0.02. The 30-day median bid/ask spread was 0.01% and 30-day average volume was 1,736,092 shares.

In Summary

iShares MSCI USA Min Vol Factor ETF (CBOE:USMV) reported net assets of about $24.19 billion and 174 holdings, with its index, fees and distribution schedule as set out above. The quarterly distribution schedule, 0.15% expense ratio and 0.01% median bid/ask spread are the main cost and income details reported for the fund.