Core Insights - The iShares MSCI USA Quality GARP ETF (GARP) was launched on January 14, 2020, and offers broad exposure to the Style Box - All Cap Growth category of the market [1] Fund Overview - GARP is managed by Blackrock and has accumulated over $625.49 million in assets, making it an average-sized ETF in its category [5] - The fund aims to match the performance of the MSCI USA Quality GARP Select Index, which consists of U.S. large and mid-cap growth stocks with favorable value and quality characteristics [5] Cost Structure - GARP has an annual operating expense ratio of 0.15%, making it one of the least expensive products in the smart beta ETF space [6] - The fund has a 12-month trailing dividend yield of 0.38% [6] Sector Allocation and Holdings - The Information Technology sector represents 47.3% of GARP's portfolio, followed by Consumer Discretionary and Financials [7] - Nvidia Corp (NVDA) accounts for approximately 5.71% of the fund's total assets, with the top 10 holdings making up about 40.72% of total assets under management [8] Performance Metrics - As of August 25, 2025, GARP has increased by roughly 10.42% year-to-date and is up approximately 20.72% over the past year [10] - The fund has traded between $45.13 and $62.54 in the past 52 weeks, with a beta of 1.14 and a standard deviation of 24.65% over the trailing three-year period [10] Alternatives - Other ETFs in the same space include iShares Morningstar Growth ETF (ILCG) and iShares Core S&P U.S. Growth ETF (IUSG), with assets of $2.94 billion and $24.34 billion respectively [12] - Both ILCG and IUSG have an expense ratio of 0.04%, presenting lower-cost options for investors [12]