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Wednesday, August 19, 2026The Morning Brief →Sign in
ISCBISharesINDEX

iShares Morningstar Small-Cap ETF

$76.58+0.47% today
617852-WK

The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index measures the performance of stocks issued by small-capitalization companies that have exhibited both “growth” and “value” characteristics as determined by Morningstar, Inc.’s (“Morningstar” or the “index provider”) proprietary index methodology.

Price & daily flows
73.969.064.276.58DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET −$21M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$100K of net buying over the past month, while the price has returned +16.7% so far this year. At 0.040% a year, nothing comparable on our shelf runs cheaper.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$293Massets under management
0.040%expense ratio · $4 per $10,000 a year
+$100Knet flow, trailing month
5Kavg daily volume, 30 days
1606holdings · US-domiciled
2004listed June 27, 2004 · beta 1.03
The book at a glance
TEAM+3.1%OKTA+0.4%ROKU-0.4%GH-1.0%ZBRA-1.2%NTNX+0.5%JLL+0.2%BBY+2.2%STRL-7.9%U+2.7%AKAM-6.4%IEX-3.0%JAZZ+1.9%ARMK-2.3%ONTO-10.3%RGA-1.1%NBIX+0.0%HST+0.5%LECO-1.4%RBRK-0.5%TRU+0.9%PNFP-2.6%NDSN-1.8%GEN+0.8%SITM-9.2%SWK-1.2%MAS-0.8%COO+1.0%CACI+1.1%GWRE+3.2%DT+3.5%MLI-3.2%APA+1.9%CSL-1.1%DOC-0.8%RPM-1.4%MKC+2.7%AIZ+0.8%DINO+0.8%BWA-2.7%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1TEAMATLASSIAN0.38%$163.18+3.1%
2OKTAOKTA0.37%$143.87+0.4%
3ROKUROKU0.32%$157.79-0.4%
4GHGUARDANT HEALTH0.32%$160.12-1.0%
5ZBRAZEBRA TECHNOLOGIES0.27%$367.35-1.2%
6NTNXNUTANIX0.27%$66.00+0.5%
7JLLJONES LANG LASALLE0.26%$371.44+0.2%
8BBYBEST BUY CO0.26%$87.38+2.2%
9STRLSTERLING INFRASTRUCTURE0.28%$554.80-7.9%
10UUNITY SOFTWARE0.25%$46.73+2.7%
11AKAMAKAMAI TECHNOLOGIES0.27%$115.18-6.4%
12IEXIDEX0.25%$234.36-3.0%
13JAZZJAZZ PHARMACEUTICALS0.24%$253.10+1.9%
14ARMKARAMARK0.25%$60.46-2.3%
15ONTOONTO INNOVATION0.27%$315.41-10.3%

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Sector weights
Industrials18.46%
Financials16.9%
Information Technology15%
Health Care14.93%
Consumer Discretionary10.78%
Real Estate7.19%
Energy4.26%
Materials3.9%
Consumer Staples3.36%
Communication2.82%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-0.4%
1 month+2.9%
3 months+9.8%
6 months+10.8%
YTD+16.7%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month+$100K
3 months+$110K
YTD−$7M
1 year−$10M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
14%realized volatility, 30 days (annualized)
16%realized volatility, 1 year
-9.6%deepest fall from a peak, 1 year
-1.3%where it sits vs. that peak today

The top holding is 0.4% of the book; the top ten carry 3%. Spread across 250+ names, it behaves like roughly 234 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against ISCB

Due diligence cuts both ways. These funds sit on the same shelf and beat ISCB on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M438× the assets · +$547M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M111× the assets · +$104M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M80× the assets · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M64× the assets · +$312M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$195.3B+$631M666× the assets · +$631M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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