Highlights

  • ESML follows a defined index Investment mandate.
  • The fund reported 899 holdings on 4 November 2026.
  • Net Assets were approximately USD 2.68 billion on 5 November 2026.
  • The expense ratio is 0.17%, with quarterly distributions listed.

iShares ESG Aware MSCI USA Small-Cap ETF (CBOE:ESML) seeks to track the MSCI USA Small Cap Extended ESG Focus Index. ESML closed at USD 54.58 on 4 November 2026. Net assets were approximately USD 2.68 billion on 5 November 2026. The fund’s investment universe and the weight of its individual positions define the exposure available through its shares.

Investment mandate and underlying exposure

The fund targets small U.S. companies through an index that incorporates environmental, social and governance considerations. Its objective combines a small-company investment universe with a defined selection approach. The portfolio remains an Equity allocation exposed to the operating results and valuations of its holdings.

The leading disclosed positions span healthcare, financial services, consumer staples and energy. Their comparatively small individual weights illustrate a different concentration pattern from portfolios dominated by a few very large holdings. The complete allocation still depends on all constituents and their index weights.

Holdings weights and portfolio structure

As of 4 November 2026, Moderna represented 1.38%; Assurant Inc represented 0.69%; Us Foods Holding represented 0.60%; Ovintiv represented 0.44%; One Gas represented 0.42%; Jones Lang Lasalle represented 0.39%.

The holdings weights describe individual security positions on the stated date and can change. Comparing the largest weights with the full holdings count helps distinguish security breadth from company concentration. A portfolio with many constituents can still be influenced materially by a smaller group of leading businesses.

Fund costs distributions and risks

The listed expense ratio is 0.17%, and distributions are scheduled quarterly. Fund distributions can vary with portfolio income and other relevant cash flows. The expense ratio describes a fund-level cost; trading shares can also involve Transaction Costs and a difference between the prices available to buyers and sellers.

Smaller companies can face more limited financing access and less liquid shares than larger businesses. Earnings changes can have a significant effect on their valuations. The index’s ESG selection rules do not remove these company-size risks or establish that all holdings conduct identical activities.

Key Insights

ESML provides a defined exposure through its benchmark mandate. The leading disclosed positions span healthcare, financial services, consumer staples and energy. The 899 reported holdings, their individual weights and the 0.17% expense ratio are relevant to interpreting the portfolio. The mandate and underlying instruments determine which economic risks remain shared across otherwise separate positions.