Exchange-traded fund
iShares ESG Aware MSCI USA Small-Cap ETF
TickerESMLsocially responsible
Fund manager
BlackRock/iShares

Fossil fuel companiesare fueling the climate crisis.

Fossil fuel exposure of 7.83% places the fund in the D tier, between 5.5% and 9% exposure.

Methodology
D
Investments in major fossil fuel companies
Ovintiv Inc
Carbon Underground 200Top 200 carbon reserves
$7.13 MILLION
Antero Resources Corp
Carbon Underground 200Top 200 carbon reserves
$4.56 MILLION
Chesapeake Energy Corp Ordinary Shares - New
Carbon Underground 200Top 200 carbon reserves
$3.81 MILLION
Range Resources Corp
Carbon Underground 200Top 200 carbon reserves
$3.67 MILLION
Southwestern Energy Co
Carbon Underground 200Top 200 carbon reserves
$2.75 MILLION
National Fuel Gas Co
Carbon Underground 200Top 200 carbon reserves
$2.72 MILLION
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
19
holdings
$44.62M
invested
3.02%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
1
holdings
$790,936
invested
0.05%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
52
holdings
$93.58M
invested
6.32%
of portfolio
Utility sector
Top 30 coal-fired utilities
Top 30 coal-fired utilities
Macroclimate 30
No direct stock holdings
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
12
holdings
$31.31M
invested
2.12%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
62 holdings
62 holdings
  • 1. Ovintiv Inc
    Carbon Underground 200Oil/gas industry
    $7.13M
    0.48%
  • 2. MDU Resources Group Inc
    Oil/gas industryFossil-fired utility
    $5.5M
    0.37%
  • 3. Antero Resources Corp
    Carbon Underground 200Oil/gas industry
    $4.56M
    0.31%
  • 4. Chesapeake Energy Corp Ordinary Shares - New
    Carbon Underground 200Oil/gas industry
    $3.81M
    0.26%
  • 5. ONE Gas Inc
    Fossil-fired utility
    $3.78M
    0.26%
See all
Share to spread the word.
Business as usual is fueling climate destruction.
iShares ESG Aware MSCI USA Small-Cap ETF $ESML is 7.83% invested in fossil fuel stocks, with $115.78 MILLION invested across 62 equity holdings
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Financial performance
Performance data provided byMorningstarFind more financial data on ESML at Morningstar.com
Current fund
ESML
iShares ESG Aware MSCI USA Small-Cap ETF
Family
BlackRock/iShares
Category
Small Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 3-yr returns 
-2.22% less in annualized returns
Less invested in fossil fuels 
1.72% less invested
Higher carbon footprint 
61 tonnes CO2e/$1M USD higher
Less invested in Clean200 
18.45% less invested
Current fund
ESML
iShares ESG Aware MSCI USA Small-Cap ETF
Family
BlackRock/iShares
Category
Small Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 3-yr returns 
-2.22% less in annualized returns
Less invested in fossil fuels 
1.72% less invested
Higher carbon footprint 
61 tonnes CO2e/$1M USD higher
Less invested in Clean200 
18.45% less invested
Current fund
ESML
iShares ESG Aware MSCI USA Small-Cap ETF
Family
BlackRock/iShares
Category
Small Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 3-yr returns 
-2.22% less in annualized returns
Less invested in fossil fuels 
1.72% less invested
Higher carbon footprint 
61 tonnes CO2e/$1M USD higher
Less invested in Clean200 
18.45% less invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
ESML - iShares ESG Aware MSCI USA Small-Cap ETF
-15.03%
10%
/
/
7.83% 
Benchmark
IVV - iShares Core S&P 500 ETF
-11.25%
12%
12%
13%
9.54% 
Fund compared to benchmark
 
-3.77%
-2.22%
/
/
1.72%  lower
Find more financial data on ESML at Morningstar.com
What's next?
Learn how to make a change and move your money
Get started with our action toolkit
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