New
Trackinsight is part of ETF One, the fully integrated ETF platform of Kepler Cheuvreux. Learn more →
Help us improve your experience. Please confirm your investor type:
Compare ETFs Easily
The Ultimate ETF Comparison Tool - Try Now!
Analyze up to 5 ETFs side-by-side and gain instant insights on performance, fees, holdings, and more to make data-driven investment decisions.
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 4/2/2026, 7:00 AM UTC
LIVE
CLOSED
This fund is part ofUS Small Cap1M perf.-4.59%
Last price
$73.15
1M perf.
-4.19%
1M flows
-€32M
AuM
€257M
E/R
0.14%
Rating
ESG Consensus®
USML
$73.15
Performance & flows
Segment for quartile rank
January 2, 2026 → April 1, 2026
Create a free account to view the flows graph
USML
$72.90
+3.01%
US Small Cap
+1.32%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -4.19%  | +3.01%  | +20.70%  | +35.05% | +22.44% | +0.54% | +0.54% | +4.04% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
4/1/2026
$72.90
1D NAV change
+0.54%
Dividend policy
Replication method
Indirect
Replication model
Unfunded swap
No. of holdings
604
Inception date
1/29/2019
Jurisdiction
Ireland
Distribution
Sweden
Portugal
Netherlands
Luxembourg
United Kingdom
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
Create a free Trackinsight Essentials account to unlock insights
Access exclusive metrics and features to support your investment decisions.
Built for professionals: access exclusive fund metrics and selection tools in Trackinsight Enterprise.
Enterprise Fund page features include:
Legal documents
Powerful buy-list integration
Fund data exports
Advanced risk metrics
Advanced replication analysis
Advanced exposure look-through
Upload your own internal metrics
Custom data feature
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 EnterpriseAdvertisement
Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +3.01% | +20.70% | +35.05% | +22.44% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
Create a free account to view risk/return table
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
97.91%
Other
2.50%
Sectors
Industrials
16.66%
Financials
15.61%
Information Technology
13.74%
Consumer Discretionary
13.68%
Health Care
9.88%
Real Estate
6.12%
Materials
5.13%
Energy
4.44%
Unavailable
7.67%
Other
7.07%
Diversification
Exposure based on a proxy
More info
Total weight of top 15 holdings out of 604
Top 15 holdings
Data as of February 28, 2026
Exposure based on a proxy
More info
US0669224778
US83443Q1031
MOOG
INTERDIGITAL
CARETRUST REIT
SITIME CORP
EASTMAN CHEMICAL
LKQ
Create a free account to view top holdings
SANMINA CORP
PRIMORIS SERVICES
JOHN BEAN TECHNOLOGIES
ELEMENT SOLUTIONS INC
SEMTECH
FORMFACTOR
ZURN WATER SOLUTIONS CORP
Create a free account to view top holdings
More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of March 31, 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
More replication analysis are available, exclusively in Trackinsight Enterprise
Issuer
Invesco
Invesco ID Card
Number of funds
633
Total AuM
€835.01B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3558%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €324.06B |
RSP | Invesco S&P 500® Equal Weight ETF | €73.9B |
QQQM | Invesco NASDAQ 100 ETF | €60.54B |
SPXS | Invesco S&P 500 UCITS ETF | €29.69B |
SGLD | Invesco Physical Gold USD ETC | €26.34B |
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 Sweden, 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 €257M in assets as of April 1, 2026.
How has USML performed lately?
Based on data from April 1, 2026, USML returned -4.19% over the past month, 3.01% over the last three months and 4.04% year-to-date.
What are the latest inflows or outflows for USML?
As of April 1, 2026, USML recorded net flows of -€33M over the last month and +€54M 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 February 28, 2026, USML has significant geographic allocations in USA.
In which sector or theme does USML invest in?
As of February 28, 2026, USML focuses largely on Industrials, Financials and Information Technology.
How many securities does USML hold and how diversified is it?
As of February 28, 2026, USML holds 604 positions in its portfolio, with 9.18% of assets concentrated in its top 15 holdings.
What are the main positions in USML?
As of February 28, 2026, USML top three holdings include US0669224778, US83443Q1031 and MOOG.
What is the base currency of USML?
The base currency of USML is USD.
Advertisement
About Trackinsight
Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
© 2014-2026 Trackinsight SA. All rights reserved.
Privacy policy | Cookie policy | | Terms of use | Imprint
Privacy policy | Cookie policy | | Terms of use | Imprint
