SMLF
iShares U.S. SmallCap Equity Factor ETF
The iShares FactorSelect MSCI USA Small-Cap ETF tracks an index of small-cap US equities. Stocks are selected and weighted to increase exposure to 4 factors (quality, value, momentum and size) while maintaining similar characteristics to the MSCI USA Small Cap Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 3.9 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Apr 28, 2015 |
| Regulation | Open-End Investment Company |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EMCOR GROUP INC | 1.2 % |
| STERLING CONSTRUCTION CO | 1.1 % |
| FLEXTRONICS INTL LTD | 1.1 % |
| NVENT ELECTRIC PLC | 1.0 % |
| JABIL CIRCUIT INC | 0.9 % |
| INTERACTIVE BROKERS GRO-CL A | 0.8 % |
| ASTERA LABS INC | 0.8 % |
| MUELLER INDUSTRIES INC | 0.6 % |
| TAPESTRY, INC. | 0.6 % |
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 0.6 % |
Constituent Breakdown
| Number of holdings | 907 |
| Herfindahl-Hirschman Index | 26 |
| Wgt avg mkt cap (mns) | $9,259 |
| Large cap (>$10bn) | 35.3% |
| Mid cap ($2-10bn) | 52.5% |
| Small cap (<$2bn) | 12.0% |
| Developed mkts. | 90.5% |
| Emerging mkts. | 0.6% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 87.2 % |
 |
BRITAIN | 1.7 % |
 |
SINGAPORE | 1.1 % |
 |
PUERTO RICO | 0.9 % |
 |
BERMUDA | 0.8 % |
 |
IRELAND | 0.7 % |
 |
SWITZERLAND | 0.7 % |
 |
ISRAEL | 0.6 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.5% | 31.7% | 17.3% | 20.2% | 9.6% | 11.2% | -- | 10.2% |
| Dividend Yield | 0.3% | 1.6% | 1.5% | 1.5% | 1.4% | 1.4% | -- | 1.3% |
| Total Returns | 14.8% | 33.3% | 18.8% | 21.7% | 11.0% | 12.5% | -- | 11.5% | Ann. Volatility | 18.5% | 17.3% | 21.0% | 19.9% | 21.1% | 21.8% | -- | 22.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.22 | 70% |
| MSCI EAFE | 0.84 | 53% |
| MSCI Emg Mkts | 0.61 | 49% |
Liquidity Measures
| Avg. volume (000) | 179 |
| ADV traded (mns) | $15 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $82.69 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 1.14/0.97 |
| Bollinger Bands (Upper/Lower) | $86.09/$80.89 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SMLF |
Expenses vs. SMLF |
ALTAR Score™ vs. SMLF |
|---|---|---|---|---|
| VB | Vanguard Small-Cap ETF | 47.4% | -10 bp | +0.2% |
| SMMD | iShares Russell 2500 ETF | 46.1% | 0 bp | +0.6% |
| ISCB | iShares Morningstar Small-Cap ETF | 43.8% | -11 bp | +0.4% |
| VXF | Vanguard Extended Market ETF | 43.4% | -10 bp | -1.2% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 42.7% | -8 bp | +0.3% |
| ESML | iShares ESG Aware MSCI USA Small-Cap ETF | 42.0% | +2 bp | -0.1% |
| FSMD | Fidelity Small-Mid Multifactor ETF | 40.6% | 0 bp | +1.8% |
| VBR | Vanguard Small Cap Value ETF | 38.0% | -8 bp | +2.8% |
| JMEE | JPMorgan Market Expansion Enhanced Equity ETF | 37.6% | +9 bp | +1.1% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 37.2% | +8 bp | +1.1% |
Risk and Returns: SMLF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.4%
ALTAR SCORE™
53rd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. SMLF's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places SMLF in the 53rd percentile
among funds in the category.
Sell-Side Consensus
$94.89
PRICE TARGET
+10.2%
UPSIDE