ESML – Fund Analysis – iShares ESG Aware MSCI USA Small-Cap ETF | Morningstar

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Will ESML outperform in the future?

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ESML’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the ESML management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of ESML’s parent organization’s priorities and whether they’re in line with investors’ interests.

Diverse small-cap exposure with an ESG tilt.

Associate Analyst Brian Paoli

Brian Paoli

Associate Analyst

Summary

The iShares ESG Aware MSCI USA Small-Cap ETF balances a modest environmental, social, and governance tilt with broad US small-cap exposure, though it remains exposed to the inherent risks of small-cap stocks.

by Brian Paoli

Rated on May 18, 2026 Published on May 18, 2026

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