iShares MSCI USA Momentum Factor ETF is an exchange-traded fund that seeks to track the performance of the MSCI USA Momentum SR Variant Index. This index focuses on U.S. large- and mid-capitalization stocks selected and weighted based on their price momentum, measured by recent price appreciation over 6- and 12-month periods, combined with low volatility over the past three years. The ETF holds approximately 125 stocks, providing diversified exposure to companies exhibiting relatively high price momentum while aiming to capture market trends through a systematic, rules-based approach. It emphasizes risk-adjusted momentum to balance potential growth with stability. iShares MSCI USA Momentum Factor ETF serves investors interested in factor-based strategies within the U.S. equity market, offering a targeted way to access the momentum factor alongside traditional market-cap weighted investments. Launched in 2013 and managed by BlackRock, it features a low expense ratio and quarterly rebalancing to reflect evolving momentum characteristics.