Highlights

  • MSML targets small Capitalisation US equities.
  • The published expense ratio is 0.04%.
  • The fund's distribution frequency is quarterly.

iShares MSCI USA Small-Cap ETF (NYSE Arca:MSML) seeks exposure to small capitalisation US equities. With net asset value of USD 72.54 per share as of 30 October 2026, the fund reported net Assets of USD 275,637,787 as of 30 October 2026. Its Investment approach centres on tracking the MSCI USA SMALL CAP INDEX.

Smaller Companies Expand the Listed Business Mix

A broad small cap allocation reaches companies outside the larger size segments of the US market. These businesses can differ widely in maturity, profitability and financing needs. Holding many names spreads company specific exposure, but it does not give every industry the same weight. The portfolio's sector breakdown shows which types of smaller businesses account for the greatest share of assets.

Portfolio Composition and Exposure

MSML reported 1,663 holdings as of 30 October 2026. This count describes the portfolio at that date and can change as securities enter or leave the fund. It does not indicate that each position carries the same weight.

The published exposure breakdown as of 29 October 2026 included Industrials at 17.30% and Health Care at 15.86%. These allocations show where a meaningful part of the portfolio's exposure was concentrated. The percentages can change with market values and portfolio adjustments.

Fees and Distribution Policy

MSML lists an expense ratio of 0.04%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on NYSE Arca at market prices, which may differ from net asset value.

The stated distribution frequency is quarterly. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Smaller companies may have less access to capital and thinner trading markets. Business setbacks or rising borrowing costs can have a substantial effect where financial resources are limited. MSML provides broad US small cap exposure, with sector composition and the financial resilience of smaller companies shaping the risks behind its extensive holdings list.