iShares ESG Aware MSCI USA Small-Cap ETF
U.S. stock index ETF · tracks MSCI USA Small Cap Extended ESG Focus Index
As of its 2026 Q2 report, iShares ESG Aware MSCI USA Small-Cap ETF held 900 positions with $2.41B in net assets. Its ten largest holdings made up 12.8% of the fund. The ESML share class costs 0.17% a year. Over the 12 months to May 2026, ESML returned 35.7%, with dividends reinvested. In 2026 Q3 it added 87 new positions and exited 79.
The iShares ESG Aware MSCI USA Small-Cap ETF (the Fund ) seeks to track the investment results of an optimized index designed to produce investment results comparable to a capitalization weighted index of small-capitalization U.S. companies, while reflecting a higher allocation to those companies with favorable environmental, social and governance ( ESG ) profiles (as determined by the index provider).
The fund tracks the MSCI USA Small Cap Extended ESG Focus Index using representative sampling, holding a sample of small-cap U.S. companies selected to match the index's characteristics while emphasizing those with favorable environmental, social and governance ratings; the index excludes tobacco, controversial weapons, civilian firearms producers, and certain fossil fuel activities, and reweights to achieve an ESG score at least 10% better than the parent small-cap index. Because the fund samples rather than holds all index constituents, its returns may diverge from the index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares | 5.59% | $134.53M | — | — |
3.60% | $86.66M | 51.1K | $1,694.98 | |
0.56% | $13.50M | 197.2K | $68.42 | |
0.45% | $10.94M | 73.1K | $149.54 | |
0.45% | $10.80M | 132.0K | $81.85 | |
0.45% | $10.73M | 43.1K | $248.87 | |
0.45% | $10.73M | 12.5K | $860.84 | |
OVVOVINTIV INC. | 0.43% | $10.47M | 186.8K | $56.04 |
0.43% | $10.36M | 62.0K | $166.99 | |
XPOXPO, INC. | 0.41% | $9.99M | 46.6K | $214.25 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
The 200 largest of 900 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.38% |
| Cash & short-term | 5.94% |
| Other | 0.17% |
| Derivatives | 0.01% |
These positions come to 105.50% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 17.3%
- Industrials
- 17.2%
- Health Care
- 14.4%
- Financials
- 13.9%
- 9 other sectors
- 37.3%
- Information Technology
- 17.3%
- Industrials
- 17.2%
- Health Care
- 14.4%
- Financials
- 13.9%
- Consumer Discretionary
- 9.7%
- Real Estate
- 5.9%
- Energy
- 4.7%
- Cash
- 4.4%
- Materials
- 4.3%
- Consumer Staples
- 3.3%
- Utilities
- 2.7%
- Communication Services
- 2.2%
- Other
- 0.1%
How it has done
ESML share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.43%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 and Aug 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
iShares ESG Aware MSCI USA Small-Cap ETF is a U.S. equity index ETF that tracks the MSCI USA Small Cap Extended ESG Focus Index. 24% of ESML’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Expense ratio, by class
- 0.17%· ESML 0.17%
- Portfolio turnover
- 35.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
87 new· the largest 8
79 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — ESML, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”