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Trending ETFs

Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$39.64

$1.58 B

1.09%

$0.43

0.17%

Vitals

YTD Return

4.6%

1 yr return

19.1%

3 Yr Avg Return

1.7%

5 Yr Avg Return

9.9%

Net Assets

$1.58 B

Holdings in Top 10

10.6%

52 WEEK LOW AND HIGH

$39.7
$30.96
$40.27

Expenses

OPERATING FEES

Expense Ratio 0.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 33.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$39.64

$1.58 B

1.09%

$0.43

0.17%

ESML - Profile

Distributions

  • YTD Total Return 4.6%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 9.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.96%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    iShares ESG Aware MSCI USA Small-Cap ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Apr 10, 2018
  • Shares Outstanding
    42200000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Greg Savage

Fund Description

The Fund seeks to track the investment results of the MSCI USA Small Cap Extended ESG Focus Index (the Underlying Index), which has been developed by MSCI Inc. (the Index Provider or MSCI). The Underlying Index is an optimized equity index that is designed to produce investment results comparable to the MSCI USA Small Cap Index (the Parent Index), while reflecting a higher allocation than that of the Parent Index to companies with favorable ESG profiles (as determined by MSCI). The Parent Index represents the small-capitalization
segment of the U.S. equity market (as determined by MSCI).
In constructing the Underlying Index, the Index Provider begins with the Parent Index and excludes securities of companies involved in the business of tobacco, companies involved with controversial weapons, producers and retailers of civilian firearms, and companies involved in certain fossil fuels-related activity such as the production of thermal coal, thermal coal-based power generation and extraction of oil sands based on revenue or percentage of revenue thresholds for certain categories (e.g., $20 million or 5%) and categorical exclusions for others (e.g., controversial weapons). The Index Provider also excludes companies that are directly involved in very severe, ongoing business controversies (in each case as determined by the Index Provider), and then follows a quantitative process that is designed to determine optimal weights for securities in the Underlying Index to maximize exposure to companies with higher ESG ratings, subject to maintaining risk and return characteristics similar to those of the Parent Index.
For each industry, the Index Provider identifies key ESG issues that can lead to substantial costs or opportunities for
companies (e.g., climate change, resource scarcity, demographic shifts). The Index Provider then rates each company’s exposure to each key issue based on the company’s business segment and geographic risk and analyzes the extent to which companies have developed robust strategies and programs to manage ESG risks and opportunities. The Index Provider scores companies based on both their risk exposure and risk management. The Index Provider assesses management practices, management performance (through demonstrated track record and other quantitative performance indicators), governance structures, and/or implications in controversies, which all may be taken as a proxy for overall management quality. Controversies, including, among other things, issues involving anti-competitive practices, toxic emissions and waste, and health and safety, occurring within the last three years lead to a deduction from the overall management score on each issue. Using a sector-specific key issue weighting model, companies are rated and ranked in comparison to their industry peers. Key issues and weights are generally reviewed annually.
As of August 31, 2023, a significant portion of the Underlying Index is represented by securities of companies in the industrials industry or sector. The components of the Underlying Index are likely to change over time.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. Representative sampling is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund generally will invest at least 90% of its assets in the component securities of the Underlying Index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the
investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index and Parent Index are sponsored by MSCI, which isindependent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and Parent Index and publishes information regarding the market value of the Underlying Index and Parent Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
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ESML - Performance

Return Ranking - Trailing

Period ESML Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -6.7% 28.3% 53.39%
1 Yr 19.1% -6.1% 63.5% 63.49%
3 Yr 1.7%* -9.3% 41.9% 49.81%
5 Yr 9.9%* -12.8% 32.4% 32.73%
10 Yr N/A* -2.3% 17.6% 55.32%

* Annualized

Return Ranking - Calendar

Period ESML Return Category Return Low Category Return High Rank in Category (%)
2023 15.6% -19.9% 29.0% 32.41%
2022 -18.5% -59.3% 118.2% 30.93%
2021 18.1% -31.6% 39.3% 19.02%
2020 18.0% -51.0% 39.5% 14.12%
2019 27.6% -5.6% 37.8% 5.04%

Total Return Ranking - Trailing

Period ESML Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -6.7% 28.3% 53.39%
1 Yr 19.1% -6.1% 63.5% 63.49%
3 Yr 1.7%* -9.3% 41.9% 49.81%
5 Yr 9.9%* -12.8% 32.4% 32.73%
10 Yr N/A* -2.3% 17.6% N/A

* Annualized

Total Return Ranking - Calendar

Period ESML Return Category Return Low Category Return High Rank in Category (%)
2023 17.3% -11.7% 31.8% 36.46%
2022 -17.3% -45.2% 123.7% 57.22%
2021 19.3% 0.0% 47.7% 73.26%
2020 19.6% -50.5% 46.9% 17.99%
2019 29.1% 2.1% 43.7% 11.69%

ESML - Holdings

Concentration Analysis

ESML Category Low Category High ESML % Rank
Net Assets 1.58 B 529 K 145 B 20.70%
Number of Holdings 939 2 2519 11.90%
Net Assets in Top 10 168 M 120 K 9.83 B 31.87%
Weighting of Top 10 10.64% -2849.0% 100.1% 73.35%

Top 10 Holdings

  1. BLACKROCK CASH FUNDS INSTITUTIONAL FUND SL AGENCY 6.85%
  2. FEDERAL REALTY INVESTMENT TRUST 0.57%
  3. EMCOR GROUP INC 0.48%
  4. WILLIAMS SONOMA INC 0.45%
  5. KBR INC 0.41%
  6. CASEY S GENERAL STORES INC 0.39%
  7. ACUITY BRANDS INC 0.37%
  8. NUTANIX INC 0.37%
  9. US FOODS HOLDING CORP 0.37%
  10. COMFORT SYSTEMS USA INC 0.37%

Asset Allocation

Weighting Return Low Return High ESML % Rank
Stocks
99.37% -565235.00% 108.16% 24.91%
Cash
7.12% 0.00% 565934.00% 11.72%
Other
0.01% -598.74% 39.24% 36.08%
Preferred Stocks
0.00% 0.00% 7.53% 83.52%
Convertible Bonds
0.00% 0.00% 3.17% 83.85%
Bonds
0.00% -1.96% 74.53% 84.80%

Stock Sector Breakdown

Weighting Return Low Return High ESML % Rank
Industrials
17.00% 2.46% 37.42% 50.37%
Technology
14.52% 0.00% 54.70% 44.81%
Financial Services
14.27% 0.00% 35.52% 77.41%
Consumer Cyclical
13.44% 0.99% 47.79% 18.89%
Healthcare
12.76% 0.00% 26.53% 52.41%
Real Estate
8.95% 0.00% 29.43% 31.11%
Energy
6.03% 0.00% 37.72% 51.85%
Consumer Defense
4.25% 0.00% 18.87% 52.22%
Basic Materials
4.12% 0.00% 18.66% 63.15%
Utilities
2.45% 0.00% 18.58% 51.11%
Communication Services
2.22% 0.00% 14.85% 62.59%

Stock Geographic Breakdown

Weighting Return Low Return High ESML % Rank
US
99.37% -565235.00% 108.16% 21.43%
Non US
0.00% 0.00% 91.59% 86.45%

ESML - Expenses

Operational Fees

ESML Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.01% 38.45% 94.11%
Management Fee 0.17% 0.00% 1.50% 9.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

ESML Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ESML Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ESML Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.00% 1.00% 314.00% 34.62%

ESML - Distributions

Dividend Yield Analysis

ESML Category Low Category High ESML % Rank
Dividend Yield 1.09% 0.00% 42.47% 41.03%

Dividend Distribution Analysis

ESML Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

ESML Category Low Category High ESML % Rank
Net Income Ratio 0.96% -2.40% 2.49% 13.89%

Capital Gain Distribution Analysis

ESML Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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ESML - Fund Manager Analysis

Managers

Greg Savage


Start Date

Tenure

Tenure Rank

Apr 10, 2018

4.14

4.1%

Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.

Jennifer Hsui


Start Date

Tenure

Tenure Rank

Apr 10, 2018

4.14

4.1%

Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Dec 28, 2018

3.42

3.4%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Paul Whitehead


Start Date

Tenure

Tenure Rank

Jan 01, 2022

0.41

0.4%

Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.06 2.58