Key stats
About iShares MSCI USA Small-Cap Min Vol Factor ETF
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Inception date
Sep 7, 2016
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
ISIN
US46435G4331
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, SMMVs 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.
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
Finance
Technology Services
Stocks99.66%
Finance22.60%
Technology Services10.80%
Health Technology9.08%
Consumer Services7.98%
Utilities7.45%
Consumer Non-Durables6.03%
Health Services5.60%
Commercial Services5.28%
Process Industries4.31%
Producer Manufacturing3.40%
Industrial Services2.77%
Transportation2.59%
Communications2.52%
Retail Trade2.29%
Non-Energy Minerals1.62%
Distribution Services1.57%
Energy Minerals1.42%
Electronic Technology1.30%
Consumer Durables0.90%
Miscellaneous0.16%
Bonds, Cash & Other0.34%
Cash0.34%
Corporate0.00%
Stock breakdown by region
North America98.19%
Europe1.69%
Asia0.12%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SMMV invests in stocks. The fund's major sectors are Finance, with 22.60% stocks, and Technology Services, with 10.80% of the basket. The assets are mostly located in the North America region.
SMMV top holdings are Royal Gold, Inc. and Ensign Group, Inc., occupying 1.56% and 1.53% of the portfolio correspondingly.
SMMV last dividends amounted to 0.17 USD. The quarter before, the issuer paid 0.21 USD in dividends, which shows a 22.33% decrease.
SMMV assets under management is 336.09 M USD. It's risen 3.39% over the last month.
SMMV fund flows account for −11.48 M 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, SMMV pays dividends to its holders with the dividend yield of 2.07%. The last dividend (Jun 20, 2025) amounted to 0.17 USD. The dividends are paid quarterly.
SMMV shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Sep 7, 2016, and its management style is Passive.
SMMV expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
SMMV follows the MSCI USA Small Cap Minimum Volatility. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SMMV invests in stocks.
SMMV price has risen by 2.65% over the last month, and its yearly performance shows a 6.82% increase. See more dynamics on SMMV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.04% over the last month, showed a 3.18% increase in three-month performance and has increased by 9.81% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.04% over the last month, showed a 3.18% increase in three-month performance and has increased by 9.81% in a year.
SMMV trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.