QUAL - iShares MSCI USA Quality Factor

The iShares MSCI USA Quality Factor ETF (BATS: QUAL) is an exchange-traded fund that aims to track the performance of the MSCI USA Index, a market capitalization-weighted index that covers a broad range of US-based companies. To achieve this, the fund typically invests at least 80% of its assets in the underlying securities of the index, providing investors with exposure to a diversified portfolio of US equities.

In addition to its equity holdings, the fund may also invest up to 20% of its assets in a range of derivative instruments, including futures, options, and swap contracts. This allows the fund to manage risk, gain exposure to specific market segments, or enhance returns. The fund may also hold cash and cash equivalents, providing a degree of liquidity and flexibility.

By tracking the MSCI USA Index, the fund provides investors with exposure to a broad range of US companies, from large-cap to small-cap, across various sectors and industries. This diversified approach can help spread risk and potentially increase returns over the long term.

As a US-domiciled fund, the iShares MSCI USA Quality Factor ETF is subject to US regulations and oversight, providing investors with a degree of comfort and security. For more information on the fund, investors can visit the iShares website at http://www.ishares.com.