EFIV - ESML: Proving That Ethics Is Not A Drag In Small Caps

2024-06-24 09:17:14 ET

Summary

• iShares ESG Aware MSCI USA Small-Cap ETF implements an environmental, social, and corporate governance (“ESG”) strategy focused on small companies.
• ESML is well diversified across sectors and holdings.
• Its fundamental metrics are a bit inferior to the small cap benchmark Russell 2000, but performance since inception is significantly better.
• ESML is lagging ESG ETFs focused on large cap companies, but it has reached its objective of investing in small caps with high ethical standards without compromising performance.

ESML strategy

iShares ESG Aware MSCI USA Small-Cap ETF ( ESML ) started investing operations on 4/10/2018 and tracks the MSCI USA Small Cap Extended ESG Focus Index. It implements an environmental, social, and corporate governance ("ESG") investing approach. ESML has 902 holdings, a 30-day SEC yield of 1.24% and a total expense ratio of 0.17%. Distributions are paid quarterly....

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