SIZE iShares MSCI USA Size Factor ETF

*Unless otherwise stated, data provided by FactSet.

SIZE Fund Description

SIZE tracks an index of large- and mid-cap US stocks. Holdings are weighted by the inverse natural logarithm of their market capitalization.

SIZE Factset Analytics Insight

SIZE provides total-market exposure that’s flipped on its head. The fund’s weighting scheme allocates larger positions to the smallest firms from its large- and mid-cap parent index—MSCI USA Index. However, the methodology’s natural log weighting function produces muted results compared to a simple inversion—SIZE resembles an equal-weighted portfolio with a slight boost given to smaller firms. In addition to this small-size tilt, inverse weighting is likely to produce significant sector tilts relative to the parent index. The fund’s top holdings can change often as market movements and corporate actions push smaller mid-cap firms in and out of the large-/mid universe, and the contrarian strategy requires SIZE to sell winners and buy losers at each semi-annual rebalance. Prior to December 3, 2018, SIZE tracked an index that favors low-volatility US stocks.

PERFORMANCE [as of 09/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SIZE -10.69% -5.09% -22.72% -17.59% 6.72% 7.50% --
SIZE (NAV) -10.64% -5.07% -22.72% -17.59% 6.71% 7.49% --
MSCI USA Low Size Index -10.17% -4.56% -22.26% -17.08% 7.03% -- --
MSCI USA IMI -9.73% -4.01% -23.61% -17.37% 8.53% 9.05% 11.62%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SIZE Summary Data

Blackrock
iShares
04/16/13
Open-Ended Fund
0.15%
$301.02M
$702.93K
0.08%

SIZE Portfolio Data

$54.72B
19.66
3.03
1.24%
09/26/22
631

SIZE Index Data

MSCI USA Low Size Index
Inverse Market Cap
Market Cap
MSCI USA IMI

SIZE Portfolio Management

0.15%
-0.15%
-0.08%
-0.52%

SIZE Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

SIZE Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

SIZE Factset Analytics Block Liquidity

As of 09/30/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SIZE. SIZE is rated a 5 out of 5.

SIZE Tradability

6,135
$702.93K
5,450
$640.53K
0.08%
$0.10
0.00%
0.83% / -1.77%
None
100.00%
50,000
0.11
0.03%
0.01%
25
$105.31
5

SIZE Sector/Industry Breakdown


SIZE
Segment Benchmark
18.18%
--
13.67%
--
8.42%
--
8.08%
--
5.96%
--
5.92%
--
5.34%
--
5.08%
--
4.56%
--
4.51%
--

SIZE Top 10 Holdings[View All]

5.66%
0.52%
Biogen Inc. 0.23%
Etsy, Inc. 0.22%
8.10%

SIZE Countries


SIZE
Segment Benchmark
93.72%
99.91%
0.17%
0.09%

SIZE Regions


SIZE
Segment Benchmark
93.89%
100.00%

SIZE Economic Development


SIZE
Segment Benchmark
93.89%
100.00%
0.00%
0.00%

SIZE Performance Statistics

0.96
0.96
0.98
0.96
0.30%
MSCI USA IMI

SIZE Benchmark Comparison Holdings

631
2595
628
45.10%

SIZE Benchmark Comparison Summary


SIZE
Segment Benchmark
631
2595
$54.72B
$455.87B
19.66
19.39
3.03
3.63
1.54%
1.52%
Low
Low

SIZE Benchmark Comparison Market Cap Size


SIZE
Segment Benchmark
75.44%
86.98%
18.34%
10.01%
0.08%
2.78%
0.00%
0.22%