Filings Digest
Two iShares funds switch to MSCI indexes
iShares MSCI USA Small-Cap ETF
We have not yet analyzed this fund's documents to determine what it sets out to do. This is typical for new listings awaiting their first analysis pass.
The ETF.net MSML Grade
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Mandate not yet analyzed
We have not yet analyzed this fund's documents to determine what it sets out to do. This is typical for new listings awaiting their first analysis pass.
Our read on MSML
In short
A wide net over small-cap America: roughly 1,600 stocks for four basis points, from a fund that has been running since 2004. The trade-off is a quieter tape than the category's household names.
Stated mandate
The fund seeks to track an index composed of U.S. small-cap stocks.
Why people hold it
Worth knowing
MSML Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
MSML$11,375
Returns run to the Oct 28, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MSML |
|---|---|
| Year to date | +12.7% |
| 1 month | +1.5% |
| 3 months | −2.8% |
| 1 year | +13.7% |
| 3 years | +20.6% |
| 5 years | +6.0% |
| 10 years | +8.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MSML |
|---|---|---|
| 2026 YTD | +12.7% | |
| 2025 | +12.5% | |
| 2024 | +10.9% | |
| 2023 | +19.5% | |
| 2022 | −19.0% | |
| 2021 | +16.5% | |
| 2020 | +4.5% |
MSML in the news
MSML Dividends
- 1.34%
- $0.97
- $0.25 per share
- Quarterly
MSML Risk
- 17.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.69
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −29.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
MSML Cost
MSML cost
$849
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
MSML 0.04%
$849
Cost over time
Year by year
| Year | MSML |
|---|---|
| 10 | $73 |
| 20 | $288 |
| 30 | $849 |