Key Highlights

  • The fund holds 130 U.S. stocks selected through growth, quality and price-related criteria.
  • Microsoft, Apple and Visa are among the largest positions by market value.
  • Net Assets total roughly $3.44 billion, with NAV at $76.70.
  • The expense ratio is 0.15%, and distributions are paid quarterly.

Investors who want growth paired with quality and reasonable price characteristics have a dedicated option in the iShares MSCI USA Quality GARP ETF (CBOE:GARP). Figures in this article are current to November 9, 2026. The fund seeks to track an index of U.S. Growth Stocks with favorable value and quality characteristics, aiming to provide exposure to growth companies at reasonable prices for potential long-term appreciation. Shares trade on Cboe BZX, and the fund has been listed since January 2020.

Fund Fact

Detail

Exchange and ticker

Cboe BZX: GARP

Fund inception

January 14, 2020

Net assets

$3.44 billion

Net asset value

$76.70

Daily NAV change

+$2.98 (+4.04%)

Expense ratio

0.15%

30-day SEC yield

0.23%

Distribution frequency

Quarterly

Number of holdings

130

Index Construction and Sector Makeup

The index combines growth, quality and value characteristics to select companies, and the resulting portfolio leans toward information technology. Microsoft at about 6.1%, Apple at 6.0% and Visa at 5.7% are the largest holdings, while Meta Platforms, NVIDIA and Micron Technology also hold meaningful weights.

Information technology is the largest sector in the portfolio, followed by communication services and financials. This composition means that trends in large-cap technology shares can have a pronounced effect on the fund.

Price Movement and Trading Details

The net asset value advanced $2.98 in the latest session, a rise of 4.04%. The 30-day average Volume of about 509,000 shares and the median bid-ask spread of 0.05% describe a fund with active trading and moderate costs.

Shares outstanding total about 44.85 million, and the premium or discount to NAV was -0.01 in recent figures, indicating that shares tracked the value of underlying holdings closely.

Fees, Distributions and Risk Factors

The expense ratio is 0.15%, and the fund pays distributions quarterly. The 30-day SEC Yield of 0.23% reflects a low income profile, consistent with a growth-oriented mandate.

Factor-based strategies can lag broad markets during some periods, and the index does not change its Factor targets in response to shifting conditions. The fund’s Equity Beta of 1.32 indicates higher sensitivity to broad market moves than a market-level holding.

Final Word

The iShares MSCI USA Quality GARP ETF blends growth, quality and price-related criteria into a single U.S. equity holding. Its technology-heavy profile, low expense ratio and modest income yield reflect a clear design focus. Decisions about its role in a portfolio depend on how it complements other equity exposures.