Key stats
About iShares MSCI USA Value Factor ETF
Expense ratio
0.15%
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Inception date
Apr 16, 2013
VLUE seeks value-stocks in the US large- and mid-cap equity space. iShares changed the index under VLUE on September 1, 2015, arguably sharpening the ETF's value focus. The index creates a value score for stock selection and , which is hardly original, but VLUE's index does something else too: it looks for value stocks within each sector, taking into account that P/B for a typical tech stock may be much higher than that of a financial stock. (Forward P/E and EV/CFO are the other factors.) Then the index provider, assigns weights by multiplying a components value score by its market cap. Weights in the Underlying Index are normalized so that sectors in the Underlying Index represent the same weight as the MSCI USA Index (Parent Index). However, major sector biases that might have otherwise been produced are mitigated by its sector-relative approach. The added value exposure has also led to higher risk overall for the fund.
Classification
What's in the fund
Exposure type
Electronic Technology
Finance
Technology Services
Consumer Durables
Stock breakdown by region