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USML ETF · Invesco S&P SmallCap 600 UCITS ETF
The USML Exchange Traded Fund (ETF) is provided by Invesco. It is built to track an index: S&P SmallCap 600 Index. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index). The dividend policy is capitalization.
Last update 3/13/2026, 8:00 AM UTC
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This fund is part ofUS Small Cap1M perf.-5.22%
Last price
$71.04
1M perf.
-5.62%
1M flows
+€38M
AuM
€284M
E/R
0.14%
Rating
ESG Consensus®
USML
$71.04
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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USML
$71.20
-1.09%
US Small Cap
-1.53%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -5.62%  | -1.09% | +18.89%  | +36.62%  | +14.77% | -5.81% | +1.61% | +1.61% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/12/2026
$71.20
1D NAV change
-1.84%
Dividend policy
Replication method
Indirect
Replication model
Unfunded swap
No. of holdings
604
Inception date
1/29/2019
Jurisdiction
Ireland
Distribution
Norway
Denmark
Spain
Luxembourg
Italy (Qualified Investor)
Legal structure
Open-end Investment Company
Base currency
USD
Classification
Investment strategy
The Invesco S&P SmallCap 600 UCITS ETF aims to provide the performance of the S&P SmallCap 600 Index, after the impact of fees.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -1.09% | +18.89% | +36.62% | +14.77% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
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Exposure based on a proxy
More info
Countries
USA
97.86%
Unavailable
0.16%
Other
1.98%
Sectors
Industrials
16.44%
Financials
16.34%
Information Technology
14.14%
Consumer Discretionary
12.96%
Health Care
10.72%
Real Estate
5.85%
Materials
4.98%
Energy
3.92%
Unavailable
7.84%
Other
6.81%
Diversification
Exposure based on a proxy
More info
Total weight of top 15 holdings out of 604
Top 15 holdings
Data as of January 31, 2026
Exposure based on a proxy
More info
US0669224778
ADVANCED ENERGY INDUSTRIES
US83443Q1031
ARROWHEAD PHARMACEUTICALS INC
INTERDIGITAL
LUMEN TECHNOLOGIES INC
SANMINA CORP
LKQ
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CARETRUST REIT
JOHN BEAN TECHNOLOGIES
PRIMORIS SERVICES
MOOG
JACKSON FINANCIAL INC
SITIME CORP
ARMSTRONG WORLD INDUSTRIES
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Enterprise
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Integrates ESG criteria
No
SDG
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Enterprise
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Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
S&P 600 Net Total Return - USD
Index ticker
SPTRSMCN Index
Index dividend policy
NTR
Replication method
Replication model
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Invesco
Invesco ID Card
Number of funds
631
Total AuM
€846.61B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3562%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €334.28B |
RSP | Invesco S&P 500® Equal Weight ETF | €73.51B |
QQQM | Invesco NASDAQ 100 ETF | €60.56B |
SPXS | Invesco S&P 500 UCITS ETF | €30.51B |
SGLD | Invesco Physical Gold USD ETC | €28.5B |
Frequently asked questions about USML
What does Invesco S&P SmallCap 600 UCITS ETF, USML, invest in?
USML is a Passive ETF. This ETF provides exposure to Small Cap US Equities.
Which benchmark or index does USML replicate?
USML tracks the S&P 600 Net Total Return - USD, through a unfunded swap replication method.
What is the Total Expense ratio (TER) of USML?
USML carries a total expense ratio (TER) of 0.14%, indicating the annual cost for holding the fund.
When was USML launched?
USML was introduced to the market on January 29, 2019. It trades on Norway, among other exchanges
Who is the ETF issuer of USML?
Invesco S&P SmallCap 600 UCITS ETF, USML, is provided by Invesco. Learn more about Invesco here.
What is the current assets under management (AUM) of USML?
USML oversees €284M in assets as of March 12, 2026.
How has USML performed lately?
Based on data from March 12, 2026, USML returned -5.62% over the past month, -1.09% over the last three months and 1.61% year-to-date.
What are the latest inflows or outflows for USML?
As of March 12, 2026, USML recorded net flows of +€37M over the last month and +€86M year-to-date.
Does USML distribute dividends?
USML follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of USML?
As of January 31, 2026, USML has significant geographic allocations in USA.
In which sector or theme does USML invest in?
As of January 31, 2026, USML focuses largely on Industrials, Financials and Information Technology.
How many securities does USML hold and how diversified is it?
As of January 31, 2026, USML holds 604 positions in its portfolio, with 8.88% of assets concentrated in its top 15 holdings.
What are the main positions in USML?
As of January 31, 2026, USML top three holdings include US0669224778, ADVANCED ENERGY INDUSTRIES and US83443Q1031.
What is the base currency of USML?
The base currency of USML is USD.
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