iShares MSCI USA Min Vol Factor ETF
Tracks MSCI USA Min Vol
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 | EXXON MOBIL CORPORATION | 1.80% | $415 M | EC |
| 2 | JOHNSON & JOHNSON | 1.76% | $406 M | EC |
| 3 | MERCK & CO., INC. | 1.61% | $371 M | EC |
| 4 | CISCO SYSTEMS, INC. | 1.59% | $367 M | EC |
| 5 | Chubb Limited | 1.58% | $364 M | EC |
| 6 | AMPHENOL CORPORATION | 1.53% | $352 M | EC |
| 7 | MCKESSON CORPORATION | 1.49% | $343 M | EC |
| 8 | CENCORA, INC. | 1.49% | $343 M | EC |
| 9 | INTERNATIONAL BUSINESS MACHINES CORPORATION | 1.46% | $338 M | EC |
| 10 | DUKE ENERGY CORPORATION | 1.45% | $334 M | EC |
| 11 | BERKSHIRE HATHAWAY INC. | 1.43% | $330 M | EC |
| 12 | NVIDIA CORPORATION | 1.42% | $329 M | EC |
| 13 | VERIZON COMMUNICATIONS INC. | 1.41% | $325 M | EC |
| 14 | THE SOUTHERN COMPANY | 1.41% | $324 M | EC |
| 15 | WASTE MANAGEMENT, INC. | 1.40% | $323 M | EC |
| 16 | VERTEX PHARMACEUTICALS INCORPORATED | 1.34% | $309 M | EC |
| 17 | MCDONALD'S CORPORATION | 1.33% | $306 M | EC |
| 18 | WASTE CONNECTIONS, INC. | 1.29% | $298 M | EC |
| 19 | MOTOROLA SOLUTIONS, INC. | 1.29% | $298 M | EC |
| 20 | REPUBLIC SERVICES, INC. | 1.29% | $298 M | EC |
| 21 | CONSOLIDATED EDISON, INC. | 1.28% | $295 M | EC |
| 22 | MICROSOFT CORPORATION | 1.27% | $292 M | EC |
| 23 | MASTERCARD INCORPORATED. | 1.22% | $282 M | EC |
| 24 | NEWMONT CORPORATION | 1.18% | $273 M | EC |
| 25 | T-MOBILE US, INC. | 1.17% | $270 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.