iShares MSCI USA Quality Factor ETF
Tracks MSCI USA Quality
The four numbers that price an ETF.
What the ETF actually owns.
From the most recent SEC N-PORT filing. The top-10 weight tells you how concentrated the fund is — broad-market trackers run 25-30%, single-theme funds often 50-70%.
| # | Holding | Weight | Value (USD) | Asset class |
|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | 6.37% | $3.18 B | EC |
| 2 | APPLE INC. | 6.13% | $3.06 B | EC |
| 3 | MICROSOFT CORPORATION | 5.44% | $2.71 B | EC |
| 4 | META PLATFORMS, INC. | 4.18% | $2.09 B | EC |
| 5 | ELI LILLY AND COMPANY | 3.31% | $1.65 B | EC |
| 6 | THE TJX COMPANIES, INC. | 3.12% | $1.55 B | EC |
| 7 | VISA INC. | 3.08% | $1.53 B | EC |
| 8 | LAM RESEARCH CORPORATION | 2.98% | $1.49 B | EC |
| 9 | MASTERCARD INCORPORATED. | 2.51% | $1.25 B | EC |
| 10 | KLA CORPORATION | 2.32% | $1.16 B | EC |
| 11 | ALPHABET INC. | 2.27% | $1.13 B | EC |
| 12 | BERKSHIRE HATHAWAY INC. | 2.19% | $1.09 B | EC |
| 13 | APPLIED MATERIALS, INC. | 2.04% | $1.02 B | EC |
| 14 | JOHNSON & JOHNSON | 1.94% | $969 M | EC |
| 15 | CATERPILLAR INC. | 1.90% | $948 M | EC |
| 16 | NETFLIX, INC. | 1.82% | $907 M | EC |
| 17 | ADOBE INC. | 1.45% | $722 M | EC |
| 18 | SLB N.V. | 1.36% | $677 M | EC |
| 19 | NIKE, INC. | 1.32% | $661 M | EC |
| 20 | ACCENTURE PUBLIC LIMITED COMPANY | 1.25% | $623 M | EC |
| 21 | ARISTA NETWORKS, INC. | 1.25% | $622 M | EC |
| 22 | COSTCO WHOLESALE CORPORATION | 1.24% | $620 M | EC |
| 23 | QUALCOMM INCORPORATED | 1.22% | $609 M | EC |
| 24 | CHIPOTLE MEXICAN GRILL, INC. | 1.19% | $594 M | EC |
| 25 | WALMART INC. | 1.14% | $567 M | EC |
What we measure and what we leave out.
Data sources: SEC EDGAR N-PORT filings (holdings + filing-date timestamp); issuer fact sheets for expense ratio + AUM + inception; Yahoo Finance for daily NAV.
Expense ratio is the single biggest forward predictor of long-horizon performance. A 0.03% expense ratio compounds to a fundamentally different outcome than a 0.95% expense ratio over 25 years — even if the underlying index is identical.
Concentration risk lives in the top-10 weight. For broad-market trackers (VOO, VTI, SPY) the top-10 sits around 28-32%. For thematic funds — semiconductors, AI, cannabis — top-10 often crosses 60%. A "sector tilt" with 60% in 10 names is closer to active stock-picking than passive index exposure.
LRS + tax for Indian investors: US-listed ETFs are securities for Indian-tax purposes — held > 24 months = LTCG @ 12.5%, ≤ 24 months = slab-rate STCG. Distributions are dividends taxed at slab rates (US withholds 25%, creditable via DTAA). LRS USD 250,000 / FY cap applies to each remittance.
India-listed alternative: for S&P 500 / NASDAQ-100 exposure without LRS friction, see India-listed ETFs at /etfs/ (Motilal Oswal, Mirae, Nippon, etc. variants). Higher TER but no LRS hassle and INR-settled.
What this page does not model: tracking error vs underlying index, premium/discount to NAV, bid-ask spread on-exchange, currency-hedged variants (e.g. JPST-hedged), securities lending revenue (which subsidises some expense ratios).
ETF NAVs, tracking error and AUM are computed from AMFI disclosures. ETFs are subject to market risk and tracking-error risk. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.