iShares MSCI USA Quality Factor ETF QUAL CBOE

iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that seeks to track the performance of the MSCI USA Index with a quality factor overlay. The fund invests at least 90% of its assets in the component securities of its underlying index, while allocating up to 10% to derivatives including futures, options, and swap contracts, as well as cash and cash equivalents. The underlying index is constructed based on a traditional market capitalization-weighted methodology applied to the broad US equity market, enabling investors to gain exposure to quality-focused US companies.