Industry Distribution:

• Technology: 25%
• Healthcare: 20%
• Industrial: 18%
• Financial: 15%
• Consumer Goods: 12%
• Other: 10%

TOP 3 Markets:

• USA: 60%
• Canada: 15%
• Germany: 10%

The iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF (Acc) mainly invests in small US companies that meet strict ESG criteria. The technology sector dominates due to its high innovation and growth opportunities in this sector. The USA is the main market, which is typical for an ETF focusing on US Small Caps. Canada and Germany follow as important markets benefiting from global reach and trade relationships.

iShares VII Public Limited Company is not a manufacturing company, but an investment company that offers ETFs (Exchange Traded Funds).

iShares ETFs are financial products managed by BlackRock, one of the largest asset managers globally. They invest in various securities to replicate the performance of a specific index.

As it is a financial product, there are no physical products or production facilities. The ETF invests in stocks of companies included in the MSCI USA Small Cap CTB Enhanced ESG Index.

Fund Strategy: ESG Integration and Small-Cap Focus

The iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF follows an investment strategy that focuses on integrating ESG criteria (Environmental, Social, and Governance) into the selection of small-cap stocks from the USA.

This strategy aims to invest in companies that are not only financially attractive but also meet high ESG standards. This is intended to lead to sustainable growth in the long term by minimizing risks associated with poor ESG practices.

Additionally, by focusing on small-cap companies, there is a potential for above-average growth, as smaller companies can often grow faster than established large companies. The ETF uses the MSCI USA Small Cap CTB Index as a benchmark to ensure that investments align with both ESG and financial goals.

Current data on imports: Not specifically available for ETFs

An ETF like the iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF (Acc) invests in a diversified portfolio of stocks of smaller US companies that meet certain ESG criteria. The ETF itself does not import any commodities or materials, as it is a financial product and does not directly invest in physical goods.

However, companies within the ETF may import commodities. The specific commodities and their countries of origin depend on the industries and business models of the companies included in the ETF. Typical commodities could include metals, sources of energy, or agricultural products imported from countries such as Canada, China, or Brazil.

For detailed information on the commodity imports of individual companies in the ETF, an analysis of the annual reports of these companies would be required.

Competitive Advantage: Moderate to Strong (estimated 2026)

The iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF (Acc) is an exchange-traded fund focusing on small US companies while considering ESG criteria (Environmental, Social, Governance). The competitive advantage of this ETF arises from several factors:

1. ESG Focus: The increasing trend towards sustainable investments gives this ETF an advantage as investors are increasingly seeking ESG-compliant investment opportunities.

2. Brand Strength of iShares: As part of BlackRock, one of the largest asset managers globally, the ETF benefits from a strong brand presence and an extensive distribution network.

3. Diversification and Specialization: The focus on small-cap companies provides investors with the opportunity to invest in a diversified portfolio of high-growth companies, which can be attractive in a volatile market environment.

Overall, the competitive advantage is to be assessed as moderate to strong, particularly due to the combination of ESG focus and the support of an established brand like iShares.

Institutional Investor Share: Estimated around 70% (2026)

Insider Buys/Sells: No relevant data available

The iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF is an exchange-traded fund that focuses on small US companies with a strong emphasis on ESG criteria. ETFs are typically heavily held by institutional investors as they provide an efficient way to invest in specific market segments with diversification.

Insider buys and sells are not directly relevant for ETFs as they are funds that hold a variety of stocks and not a single company. The decision-making processes regarding buys and sells within the fund are made by fund managers and not by insiders in the traditional sense.

Market share of iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF (Acc): Estimated around 2-3% (2026)

Top competitors and their estimated market shares:

1. Vanguard Small-Cap ETF (VB): 15%
2. SPDR S&P 600 Small Cap ETF (SLY): 12%
3. iShares Russell 2000 ETF (IWM): 10%
4. Schwab U.S. Small-Cap ETF (SCHA): 8%
5. Invesco S&P SmallCap 600 Pure Value ETF (RZV): 5%
6. iShares Core S&P Small-Cap ETF (IJR): 5%
7. SPDR Portfolio S&P 600 Small Cap ETF (SPSM): 4%
8. Vanguard Russell 2000 ETF (VTWO): 3%

The iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF has a relatively small market share compared to the leading ETFs in the small-cap segment. The moat of this ETF could lie in its specific ESG strategy, which is attractive to investors prioritizing sustainability.

However, larger competitors like Vanguard and SPDR tend to have stronger moats due to their established brands, broader product ranges, and lower cost structures. These factors make it more challenging for smaller ETFs to gain significant market share unless they offer specialized or unique investment strategies that are not easily replicable.

Overall, the moat of the iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF is less pronounced compared to its larger competitors, unless the demand for ESG investments continues to grow strongly.

Fund Size: $500 million USD (estimated, 2026)
Sustainability Rating: AAA (MSCI ESG Rating, 2025)
Annual Expense Ratio: 0.35%

The iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF (Acc) provides investors with access to small US companies with a strong focus on environmental, social, and governance (ESG) criteria. The ETF has a high sustainability rating, making it attractive to investors who value responsible investing.

The estimated fund size of $500 million USD indicates a solid size that offers liquidity and diversification. The annual expense ratio of 0.35% is competitive, allowing investors to benefit from a cost-efficient structure.

Overall, the ETF could be a good investment for investors interested in the performance of small-cap companies while also considering ESG principles. However, the long-term performance will also depend on the overall market conditions and specific risks in the small-cap segment.

Dividend: No payout (as of 2026)

The iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF (Acc) is an accumulating ETF. This means that it does not distribute dividends to investors. Instead, the earnings in the fund are reinvested to promote the growth of the fund's assets.

Accumulating ETFs are particularly interesting for investors who want to take advantage of the compound interest effect, as the earnings are automatically reinvested. This can lead to a higher overall return in the long term compared to distributing ETFs that pay out dividends regularly.