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

iShares MSCI USA Value Factor ETF

$200.93+0.18% today
11720552-WK

The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is based on a traditional market capitalization-weighted parent index, the MSCI USA Index (the "parent index"). The parent index includes U.S. large- and mid- capitalization stocks.

Price & daily flows
185.7160.7135.7200.93DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$2.8B OVER THIS RANGE

The desk’s read

Money keeps arriving — +$70M of net buying over the past month, about 0.7% of the fund's asset base, while the price has returned +44.2% so far this year. At 0.15% a year it is not the cheapest way in — IVV runs the same ground at 0.03%.

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

$9.8Bassets under management
0.15%expense ratio · $15 per $10,000 a year
+$70Mnet flow, trailing month
618Kavg daily volume, 30 days
156holdings · US-domiciled
2013listed April 15, 2013 · beta 1.20
The book at a glance
MU-0.9%CSCO+0.1%GM+1.9%VZ+1.3%T+1.0%BAC-1.7%F+3.2%CMCSA+1.7%PFE+3.8%HPE-4.7%DIS+2.4%C-3.5%QCOM+1.4%DELL-7.5%CVS-0.8%FDX+0.6%BMY+2.8%WFC-2.0%CRM+5.2%ACN+6.7%PCAR-0.3%UPS+0.8%ADM-1.5%DHI+3.5%CI+0.3%COF-0.3%URI-0.4%EOG+0.6%DVN+1.2%KHC+4.0%CSX+0.9%VLO-1.6%NEM+7.6%ADBE+4.2%TEL+0.3%

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

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1MUMICRON TECHNOLOGY21.88%$932.74-0.9%
2CSCOCISCO SYSTEMS4.25%$111.74+0.1%
3GMGENERAL MOTORS3.55%$85.24+1.9%
4VZVERIZON COMMUNICATIONS2.86%$49.20+1.3%
5TAT&T2.54%$25.18+1.0%
6BACBANK OF AMERICA2.14%$63.12-1.7%
7FFORD1.92%$14.39+3.2%
8CMCSACOMCAST1.78%$26.66+1.7%
9PFEPFIZER1.61%$28.30+3.8%
10HPEHEWLETT PACKARD ENTERPRISE1.77%$53.05-4.7%
11DISWALT DISNEY1.54%$106.49+2.4%
12CCITIGROUP1.59%$132.95-3.5%
13QCOMQUALCOMM1.46%$162.53+1.4%
14DELLDELL TECHNOLOGIES1.58%$433.38-7.5%
15CVSCVS 1.30%$94.11-0.8%

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Sector weights
Information Technology38.54%
Financials11.49%
Industrials10.1%
Consumer Discretionary9.52%
Communication9.49%
Health Care7.84%
Consumer Staples4.32%
Energy3.22%
Utilities1.91%
Materials1.78%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+0.3%
1 month+6.1%
3 months+12.8%
6 months+32.6%
YTD+44.2%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$30M
1 month+$70M
3 months−$4.2B
YTD−$3.7B
1 year−$2.8B

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
22%realized volatility, 30 days (annualized)
21%realized volatility, 1 year
-9.4%deepest fall from a peak, 1 year
-1.8%where it sits vs. that peak today

The top holding is 21.9% of the book; the top ten carry 44%. Spread across 154+ names, it behaves like roughly 17 equally-weighted positions.

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

Options tape
3calls today
1puts today
0.33put/call ratio
269Kshares traded
Most-traded holdings, options premiumBullishBearish
MU MICRON TECHNOLOGY$535M$635M
MSTR MICROSTRATEGY$133M$108M
DELL DELL TECHNOLOGIES$64M$67M
CRM SALESFORCE$26M$19M
QCOM QUALCOMM$12M$29M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against VLUE

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

FundFeeAssetsFlow, 1MThe case
ITOT iShares Core S&P Total U.S. Stock Market ETF0.03%$97.9B+$245M-12bp on fee · 10× the assets · +$245M in over the monthHead-to-head
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M-11bp on fee · 3× the assets · +$668M in over the monthHead-to-head
IUSV iShares Core S&P U.S. Value ETF0.04%$28.1B+$103M-11bp on fee · 3× the assets · +$103M in over the monthHead-to-head
IVV iShares Core S&P 500 ETF0.03%$900.9B−$14.2B-12bp on fee · 92× the assetsHead-to-head
VOO Vanguard 500 Index Fund0.03%$500.4B-12bp on fee · 51× the assetsHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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