iShares Trust - iShares MSCI USA Min Vol Factor ETF
MX ˙ BMV ˙ US46429B6974
SecurityMX:USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF
InstitutionJMG Financial Group, Ltd.
Latest Disclosed Ownership12,847 shares
Latest Disclosed Value $ 1,191,431
JMG Financial Group, Ltd. ownership in USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF

On May 7, 2026 - JMG Financial Group, Ltd. filed a 13F-HR form disclosing ownership of 12,847 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF (MX:USMV) valued at $1,191,431 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 12,847 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF. This represents a change in shares of 0.00% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-07 2026-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 12,847 0 0.00 1,191 -1.49 0.0328
2026-02-10 2025-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 12,847 0 0.00 1,210 -1.06 0.0340
2025-11-12 2025-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 12,847 0 0.00 1,222 1.41 0.0348
2025-08-12 2025-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 12,847 0 0.00 1,206 0.17 0.0366
2025-05-05 2025-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 12,847 -863 -6.29 1,203 -1.15 0.0406
2025-02-03 2024-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 13,710 0 0.00 1,217 -2.72 0.0415
2024-10-22 2024-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 13,710 0 0.00 1,252 8.69 0.0428
2024-07-30 2024-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 13,710 -13,850 -50.25 1,151 -50.02 0.0430
2024-04-30 2024-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 27,560 0 0.00 2,303 7.12 0.0878
2024-02-02 2023-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 27,560 0 0.00 2,151 7.82 0.0902
2023-10-31 2023-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 27,560 -120 -0.43 1,995 99,600.00 0.0962
2023-07-25 2023-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 27,680 0 0.00 2 0.00 0.0964
2023-04-12 2023-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 27,680 1,223 4.62 2 100.00 0.1021
2023-01-27 2022-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 26,457 -158 -0.59 2 -99.94 0.1047
2022-10-17 2022-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 26,615 0 0.00 1,759 -5.89 0.1143
2022-07-26 2022-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 26,615 -100 -0.37 1,869 -9.80 0.1159
2022-04-27 2022-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 26,715 158 0.59 2,072 -3.54 0.1040
2022-01-25 2021-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 26,557 0 0.00 2,148 10.04 0.1099
2021-10-19 2021-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 26,557 0 0.00 1,952 -0.15 0.1089
2021-07-29 2021-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 26,557 0 0.00 1,955 6.42 0.1100
2021-05-05 2021-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 26,557 1,347 5.34 1,837 7.36 0.1135
2021-02-03 2020-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 25,210 0 0.00 1,711 6.47 0.1177
2020-10-23 2020-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 25,210 0 0.00 1,607 5.17 0.1302
2020-07-17 2020-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 25,210 -11,834 -31.95 1,528 -23.64 0.1341
2020-04-15 2020-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 37,044 2,216 6.36 2,001 -12.43 0.2134
2020-01-21 2019-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 34,828 -2,340 -6.30 2,285 -4.07 0.2223
2019-10-24 2019-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 37,168 6,355 20.62 2,382 25.24 0.2493
2019-08-02 2019-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 30,813 1,521 5.19 1,902 10.45 0.2039
2019-05-13 2019-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 29,292 -485 -1.63 1,722 10.38 0.2005
2019-01-24 2018-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 29,777 -3,620 -10.84 1,560 -18.11 0.1792
2018-11-06 2018-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 33,397 0 0.00 1,905 7.32 0.1996
2018-08-02 2018-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 33,397 0 0.00 1,775 2.36 0.1954
2018-04-25 2018-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 33,397 0 0.00 1,734 -1.64 0.2043
2018-01-30 2017-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 33,397 -5,205 -13.48 1,763 -9.26 0.2095
2017-10-17 2017-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 38,602 -2,626 -6.37 1,943 -3.67 0.2495
2017-07-19 2017-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 41,228 0 0.00 2,017 2.54 0.2512
2017-04-26 2017-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 41,228 -6,469 -13.56 1,967 -8.81 0.2596
2017-02-01 2016-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 47,697 0 0.00 2,157 -0.46 0.3293
2016-10-12 2016-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 47,697 440 0.93 2,167 -0.78 0.3535
2016-07-21 2016-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 47,257 2,415 5.39 2,184 10.86 0.3772
2016-04-21 2016-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 44,842 -6,455 -12.58 1,970 -8.16 0.3695
2016-01-29 2015-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 51,297 10,729 26.45 2,145 33.56 0.4530
2015-10-29 2015-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 40,568 -27,005 -39.96 1,606 -41.06 0.3941
2015-07-21 2015-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 67,573 6,766 11.13 2,725 8.61 0.6296
2015-04-27 2015-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 60,807 -2,960 -4.64 2,509 -2.79 0.5858
2015-01-22 2014-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 63,767 3,985 6.67 2,581 14.56 0.6733
2014-10-21 2014-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 59,782 0 0.00 2,253 1.26 0.6260
2014-07-23 2014-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 59,782 0 0.00 2,225 3.25 0.6273
2014-04-24 2014-03-31 13F iShares MSCI Minimum Volatilit COM 46429B697 59,782 3,940 7.06 2,155 8.73 0.6570
2014-01-24 2013-12-31 13F iShares MSCI Minimum Volatilit COM 46429B697 55,842 2,880 5.44 1,982 12.61 0.5880
2013-10-17 2013-09-30 13F iShares MSCI Minimum Volatilit COM 46429B697 52,962 11,072 26.43 1,760 29.03 0.5722
2013-07-22 2013-06-30 13F iShares MSCI Minimum Volatilit COM 46429B697 41,890 41,890 1,364 0.4616
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.