MSML ETF — iShares MSCI USA Small-Cap ETF

iShares MSCI USA Small-Cap ETF (MSML)

Updated October 16, 2026.

MSML is a low-cost ETF. its distribution rate is 1.43%, its trailing-12-month yield is 1.38%, its expense ratio is 0.04%. Dividend Vision Distribution Safety Score™ is 100/100 (Safe). Total return is 56.2% over the past 22.3 years, 860.3 points behind SPY at 916.5%.

iShares MSCI USA Small-Cap ETF is an ETF that tracks small-cap U.S. equities through the MSCI USA Small-Cap Index. The fund carries a minimal expense ratio of 0.04% and does not have an established distribution schedule. This fund appeals to investors seeking broad exposure to the small-cap segment of the U.S. equity market.

MSML performance versus SPY

Price and return data through 2026-10-16.

Total return is 56.2% over the past 22.3 years, 860.3 points behind SPY at 916.5%. Over the past year its total return — price change plus distributions reinvested — is 13.0%. Its deepest 1-year drawdown was 9.4%.

MSML key facts

Distribution Safety Score™

100 · Safe

Safety-Adjusted Yield

1.43%

Issuer

iShares

Asset type

ETF

Asset class

Equity

Inception date

06/28/2004

Expense ratio

0.04%

Distribution rate

1.43%

Distribution frequency

Quarterly

Trailing yield

1.38%

Last close

$70.68 (as of 2026-10-16)

AUM

$270,191,936

Average volume

2443.0

Dividend

$0.252

Ex-dividend date

09/15/2026

Payment date

09/18/2026

Beta

1.12

How Dividend Vision calculates yield and returns

Distribution rate (1.43%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.38%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MSML risks and drawbacks

MSML's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.4%.

Who may consider MSML — and who may not

MSML may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (MSML pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on MSML

• All tickers starting with M

Tagged: Small Caps.

Frequently asked questions

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