Symbols

SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF·CBOE

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Key Stats

Assets Under Management

277.18MUSD

Fund Flow (1Y)

-23.76MUSD

Dividend Yield

1.78%

Discount / Premium to NAV

0.01%

Shares Outstanding

6.40M

Expense Ratio

0.20%

About iShares MSCI USA Small-Cap Min Vol Factor ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/284609/SMMV?referrer=tickerSearch

Inception Date

Sep 7, 2016

Structure

Open-Ended Fund

Index Tracked

MSCI USA Small Cap Minimum Volatility Index

Management Style

Passive

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

SMMV is a potential fit for investors looking to capture the small-cap size factor but trying to avoid interim volatility. Starting with the US small-cap universe, SMMV's underlying index uses a volatility-based optimization approach including correlation between stocks within the index, to build a minimum variance portfolio of small-cap stocks. This semi-annual optimization process is applied within a given set of constraints (minimum and maximum constituent weight, sector, and factor constraints) to help maintain index investability and replicability. By design, SMMV will have lower market risk (beta) than a typical market-cap-selected and -weighted small-cap portfolio.