SMLF - SMLF: Quality Still Matters In Small Cap With 50% Floating Rate Debt Burdens
2025-09-23 09:57:38 ET
The iShares U.S. Small-Cap Equity Factor ETF ( SMLF ) (or more appropriately a mid-cap factor given the $6.3 billion average market cap according to Morningstar) is a relatively low-cost ETF given the narrower and more exotic mandate that has an expense ratio of 0.15% and is designed to capture the small-cap factor that could be used in something like the Fama-French Three Factor model as opposed to CAPM. A 0.15% isn't that great against other small-cap ETF offers with similar enough features, going as low as 0.03% ....
SMLF: Quality Still Matters In Small Cap With 50% Floating Rate Debt Burdens