iShares Edge MSCI Min Vol USA Index Fund
Data updated: 2020-12-28
C000171200 — iShares Edge MSCI Min Vol USA Index Fund. Developed ex-US Blend / Core Equity · $74.03M AUM. Holdings, fees, performance and SEC filings.
C000171200 Fund Overview
iShares Edge MSCI Min Vol USA Index Fund is a US mutual fund managed by Blackrock Funds, categorised as Developed ex-US Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Blackrock Funds
- Category: Developed ex-US Blend / Core Equity
- Assets under management: $74.03M
- 1-year return: -1.2%
- SEC CIK: 0000844779
- SEC series ID: S000054536
- Share class ID: C000171200
C000171200 Investment Objective and Strategy
iShares Edge MSCI Min Vol USA Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Blackrock Funds.
Investment objective
The investment objective of iShares Edge MSCI Min Vol USA Index Fund (the “Fund”), a series of BlackRock Funds SM (the “Trust”), is to seek to track the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market.
Principal investment strategy
The Fund seeks to track the investment results of the MSCI USA Minimum Volatility (USD) Index (the Underlying Index), which has been developed by MSCI Inc. (the Index Provider or MSCI) to measure the performance of equity securities that are in the top 85% by market capitalization of equity securities primarily traded on stock exchanges in the United States and that, in the aggregate, have lower volatility relative to the broader U.S. equity market. The Underlying Index begins with the MSCI USA Index (the Parent Index), which is a capitalization-weighted index, and then follows a rules-based methodology to optimize the index in U.S. dollars and determine weights for securities in the index that seeks to minimize total risk of the Parent Index. Under a rules-based methodology, securities and weighting of the index are established based on pre-established parameters and discretionary factors are not relied on.
Generally, rules-based methodologies will include specified requirements for security eligibility, maximum and minimum weightings by security and, in some cases by sector and country, established rules relating to handling of special dividends and other distributions and treatment of corporate events. In order to determine weightings by security within the Underlying Index, MSCI constructs a portfolio of lowest expected volatility, based on Barras multi-factor risk model. Barras multi-factor risk model seeks to determine the projected riskiness of securities in the Parent Index while subjected to constraints based on established minimum and maximum weightings of index constituents and sectors, as well as other measurable index characteristics. As of October 31, 2018, the Underlying Index consisted of approximately 205 companies from the United States.
The Underlying Index may include large- and mid-capitalization companies. Components primarily include information technology, healthcare and consumer staples companies. The components of the Underlying Index, and the degree to which these components represent certain industries, are likely to change over time. BlackRock uses a representative sampling indexing strategy to manage the Fund. Representative sampling is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of the Underlying Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Underlying Index.
The Fund may or may not hold all of the securities in the Underlying Index. The Fund intends to align its portfolio rebalancing with the portfolio rebalancing of the Underlying Index, which is expected to be semi-annually. The Fund generally invests at least 80% of its assets, plus the amount of any borrowing for investment purposes, in securities of the Underlying Index. The Fund may invest a portion of the remainder of its assets in futures, forward foreign currency exchange contracts and securities not included in the Underlying Index, but which BlackRock believes will help the Fund track the Underlying Index.
C000171200 Performance
Total returns for C000171200 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -1.2% |
C000171200 Risk Information
Risk metrics for C000171200, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.6%
C000171200 Costs and Fees
C000171200 costs about $19 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.19%
- Gross expense ratio: 0.52%
- Portfolio turnover: 105%
- Brokerage commissions: 3.49 bps of average net assets (SEC N-CEN)
C000171200 Cashflows
Over the 12 months to 2020-10, iShares Edge MSCI Min Vol USA Index Fund had net inflows of $24.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-10 | $2.02M |
| 2020-09 | $2.02M |
| 2020-08 | −$8.16M |
| 2020-07 | $2.30M |
| 2020-06 | $826.29K |
| 2020-05 | $445.16K |
C000171200 Debt Constituents
No individual debt constituents are reported in iShares Edge MSCI Min Vol USA Index Fund's latest SEC N-PORT filing.
C000171200 Prospectus and SEC Filings
Official iShares Edge MSCI Min Vol USA Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-11-24
- Prospectus (485BPOS) — filed 2019-12-18
- Prospectus (485BPOS) — filed 2018-12-19
- Portfolio holdings (N-PORT) — filed 2020-12-28
- Portfolio holdings (N-PORT) — filed 2020-09-28
- Portfolio holdings (N-PORT) — filed 2020-06-29
- Annual census (N-CEN) — filed 2020-10-13
- Annual census (N-CEN) — filed 2019-10-15
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.