iShares MSCI USA Small-Cap Quality Factor ETF (SQLT)

The iShares MSCI USA Small-Cap Quality Factor ETF is a passively managed exchange-traded fund from BlackRock's iShares that tracks an MSCI index of U.S. small-capitalization stocks screened for quality characteristics. Quality is generally measured by factors such as high return on equity, stable earnings growth and low financial leverage.

By applying a quality tilt to the small-cap universe, the fund aims to emphasize financially sound smaller companies while de-emphasizing those with weaker balance sheets or erratic profits. It rebalances according to the index methodology and spans multiple sectors of the U.S. economy. The fund trades on Cboe BZX.