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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.
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This fund is part ofUS Small Cap1M perf.+6.53%
Last price
$78.72
1M perf.
+4.07%
1M flows
+€18M
AuM
€301M
TER
0.14%
Rating
ESG Consensus®
USML
$78.72
Performance & flows
Segment for quartile rank
February 11, 2026 → May 11, 2026
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USML
$80.11
+4.25%
US Small Cap
+6.07%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +4.07%  | +4.25% | +29.37% | +56.13% | +34.74%  | +0.07% | +10.48% | +14.32%  | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
5/11/2026
$80.11
1D NAV change
-0.77%
Dividend policy
Replication method
Indirect
Replication model
Unfunded swap
No. of holdings
604
Inception date
1/29/2019
Jurisdiction
Ireland
Distribution
Austria
Germany
Denmark
Spain
Finland
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 | +4.25% | +29.37% | +56.13% | +34.74% |
| 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
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Exposure based on a proxy
More info
Countries
USA
97.81%
Other
2.72%
Sectors
Industrials
16.27%
Financials
15.90%
Information Technology
13.18%
Consumer Discretionary
13.16%
Health Care
10.11%
Materials
5.33%
Real Estate
5.25%
Energy
5.04%
Unavailable
7.35%
Other
8.41%
Diversification
Exposure based on a proxy
More info
Total weight of top 15 holdings out of 604
Top 15 holdings
Data as of March 31, 2026
Exposure based on a proxy
More info
US0669224778
EASTMAN CHEMICAL
ELEMENT SOLUTIONS INC
PRIMORIS SERVICES
VIAVI SOLUTIONS INC
ARGAN
LKQ
FORMFACTOR
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JACKSON FINANCIAL INC
ESCO TECHNOLOGIES
MATCH GROUP
CELANESE SR
SEMTECH
ARMSTRONG WORLD INDUSTRIES
SANMINA CORP
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Sustainability
Integrates ESG criteria
No
SDG
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Replication
Trackinsight replication rating:
1-year trailing difference
As of April 30, 2026
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USML
N/A
Replication quality
Calculated over 12m, as of April 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Invesco
Invesco ID Card
Number of funds
633
Total AuM
€959.8B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3558%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €398.36B |
QQQM | Invesco NASDAQ 100 ETF | €77.12B |
RSP | Invesco S&P 500® Equal Weight ETF | €74.52B |
SPXS | Invesco S&P 500 UCITS ETF | €33.52B |
SGLD | Invesco Physical Gold USD ETC | €26.03B |
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 Austria, 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 €301M in assets as of May 11, 2026.
How has USML performed lately?
Based on data from May 11, 2026, USML returned 4.07% over the past month, 4.25% over the last three months and 14.32% year-to-date.
What are the latest inflows or outflows for USML?
As of May 11, 2026, USML recorded net flows of +€18M over the last month and +€76M 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 March 31, 2026, USML has significant geographic allocations in USA.
In which sector or theme does USML invest in?
As of March 31, 2026, USML focuses largely on Industrials, Financials and Information Technology.
How many securities does USML hold and how diversified is it?
As of March 31, 2026, USML holds 604 positions in its portfolio, with 8.22% of assets concentrated in its top 15 holdings.
What are the main positions in USML?
As of March 31, 2026, USML top three holdings include US0669224778, EASTMAN CHEMICAL and ELEMENT SOLUTIONS INC.
What is the base currency of USML?
The base currency of USML is USD.
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