SIZE

iShares MSCI USA Size Factor ETF
*Unless otherwise stated, data provided by FactSet.

SIZE Fund Description

SIZE tracks an index of large- and midcap 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 midcap 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 midcap 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.

SIZE MSCI ESG Analytics Insight

iShares MSCI USA Size Factor ETF has an MSCI ESG Fund Rating of A based on a score of 6.37 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares MSCI USA Size Factor ETF ranks in the 57th percentile within its peer group and in the 70th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

SIZE MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

PERFORMANCE [as of 09/24/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SIZE 0.07% 3.49% 19.87% 47.50% 15.81% 15.58% --
SIZE (NAV) -0.50% 2.79% 19.75% 47.20% 16.14% 15.60% --
MSCI USA Low Size Index -0.49% 2.82% 19.89% 47.45% -- -- --
MSCI USA IMI -0.40% 4.04% 19.23% 41.87% 17.41% 17.79% 17.01%
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%
$596.11M
$3.04M
0.04%

SIZE Portfolio Data

$66.40B
34.67
3.69
0.84%
09/24/21
615

SIZE Index Data

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

SIZE Portfolio Management

0.15%
-0.24%
-0.12%
-0.29%

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 09/27/21
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

22,885
$3.04M
9,642
$1.27M
0.04%
$0.05
0.00%
0.18% / -0.10%
None
99.00%
50,000
0.19
0.03%
0.01%
140
$131.87
5

SIZE Sector/Industry Breakdown


SIZE
Segment Benchmark
21.04%
33.32%
18.22%
14.15%
13.95%
14.69%
13.61%
13.22%
13.17%
9.39%
5.60%
5.35%
5.11%
2.40%
4.20%
2.65%
3.31%
2.59%
0.55%
1.26%

SIZE Top 10 Holdings[View All]

DexCom, Inc. 0.27%
Avalara Inc 0.26%
3.01%

SIZE Countries


SIZE
Segment Benchmark
99.84%
99.93%
0.16%
0.07%

SIZE Regions


SIZE
Segment Benchmark
100.00%
100.00%

SIZE Economic Development


SIZE
Segment Benchmark
100.00%
100.00%

SIZE Performance Statistics

0.89
0.97
0.95
0.92
0.29%
MSCI USA IMI

SIZE MSCI ESG Ratings

6.37 / 10
70.36
57.22
6.72%
6.75%
219.40

SIZE Benchmark Comparison Holdings

615
2473
614
46.26%

SIZE Benchmark Comparison Summary


SIZE
Segment Benchmark
615
2473
$66.40B
$472.14B
34.67
32.97
3.69
4.43
1.30%
1.25%
Low
Low

SIZE Benchmark Comparison Market Cap Size


SIZE
Segment Benchmark
87.44%
87.50%
12.56%
9.89%
0.00%
2.49%
0.00%
0.12%