# iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD (CUS1)

**Page:** https://fundology.uk/fund/cus1 · ISIN IE00B3VWM098

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, CUS1 (iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD, ISIN IE00B3VWM098) closed at £513.55 on the London Stock Exchange. Its ongoing charge is 0.43% a year (about £43 on £10,000). Over the five years to 13/11/2026 its total return was +32.9%, or +3.7% after UK CPIH inflation.

## Summary

iShares VII PLC - iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD is an exchange-traded fund (ETF) from iShares, launched in 2009. It tracks the MSCI USA Small Cap ESG Enhanced Focus CTB Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.43% a year — about £43 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£513.55** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | CUS1 |
| ISIN | IE00B3VWM098 |
| Also listed as | CUSS (London Stock Exchange, US dollars), SXRG (Xetra, euros) |
| Category | Smaller companies |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI USA Small Cap ESG Enhanced Focus CTB Index |
| Income | Accumulating |
| Ongoing charge | 0.43% a year (£43 per £10,000) |
| Fund size | £2.1bn |
| Launched | 2009 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 22/03/2010 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +18.25% | +14.07% | income reinvested |
| 3 years | +55.93% | +40.88% | income reinvested |
| 5 years | +32.85% | +3.70% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares VII PLC - iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD in pounds (price, with income reinvested in the fund): 2022 −7.3%, 2023 +11.3%, 2024 +13.0%, 2025 +1.0%; 2026 to 13/11/2026 +16.8%. Returns of iShares VII PLC - iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +16.2%; to 30/09/2025: +8.6%; to 30/09/2024: +13.1%; to 30/09/2023: −0.9%; to 30/09/2022: −1.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -7.3% | -15.1% | Price |
| 2023 | +11.3% | +6.9% | Price |
| 2024 | +13.0% | +9.2% | Price |
| 2025 | +1.0% | -2.5% | Price |
| 2026 to 13/11/2026 | +16.8% | +13.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.79% | -6.96% |
| 3 years | 16.72% | -26.47% |
| 5 years | 17.62% | -26.47% |

## Largest fall

Volatility of iShares VII PLC - iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD in pounds, annualised from weekly returns to 13/11/2026: 12.8% over 1 year, 16.7% over 3 years, 17.6% over 5 years. Largest fall in the price of iShares VII PLC - iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD since November 2021, in pounds: −26.5% from 29/11/2024 to 11/04/2025. The lowest 12-month return of iShares VII PLC - iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD in pounds (price, with income reinvested in the fund) since January 2021 was −14.1% (12 months to 11/04/2025); the highest was +41.0% (12 months to 17/04/2026). On 13/11/2026 the price of iShares VII PLC - iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD was 4.0% below its highest weekly close since November 2021 (26/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares VII PLC - iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD 0.43% a year. Compared on 14/11/2026, 11 of the 36 other smaller-company funds charge more, 0 the same and 25 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.43%** per year
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 06/11/2026, CUS1 holds 1,528 positions, according to its published holdings. The largest is Moderna at 1.40% of the fund; the ten largest make up 5.5%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Moderna | [MRNA](https://fundology.uk/stock/MRNA) | 1.40% |
| 2 | US Foods | [USFD](https://fundology.uk/stock/USFD) | 0.57% |
| 3 | Assurant | [AIZ](https://fundology.uk/stock/AIZ) | 0.51% |
| 4 | Royal Gold | [RGLD](https://fundology.uk/stock/RGLD) | 0.50% |
| 5 | DT Midstream | [DTM](https://fundology.uk/stock/DTM) | 0.47% |
| 6 | Axis Capital | [AXS](https://fundology.uk/stock/AXS) | 0.43% |
| 7 | East West Bancorp | [EWBC](https://fundology.uk/stock/EWBC) | 0.42% |
| 8 | Federal Realty Investment Trust | [FRT](https://fundology.uk/stock/FRT) | 0.40% |
| 9 | Watts Water Technologies · Class A | [WTS](https://fundology.uk/stock/WTS) | 0.38% |
| 10 | Tenet Healthcare | [THC](https://fundology.uk/stock/THC) | 0.37% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Industrials | 17.3% |
| Financials | 16.4% |
| Health Care | 16.0% |
| Information Technology | 13.6% |
| Consumer Discretionary | 10.9% |
| Real Estate | 7.1% |
| Materials | 4.7% |
| Energy | 4.4% |
| Other sectors | 9.6% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.7% |
| Cash and money market | 0.3% |

The 1,362 holdings on record (of 1,528 reported): https://fundology.uk/fund/cus1/holdings

## Questions people ask

**What is the ongoing charge of CUS1?**

The ongoing charge of CUS1 is 0.43% a year — about £43 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares VII PLC - iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD 0.43% a year. Compared on 14/11/2026, 11 of the 36 other smaller-company funds charge more, 0 the same and 25 less (share classes counted once).

**What does CUS1 track?**

CUS1 tracks the MSCI USA Small Cap ESG Enhanced Focus CTB Index.

**Is CUS1 accumulating or distributing?**

CUS1 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of CUS1?**

The ISIN of CUS1 is IE00B3VWM098. An ISIN identifies one exact share class of a fund; CUS1 is its ticker on the London Stock Exchange. The same share class is also listed as CUSS (London Stock Exchange, US dollars) and SXRG (Xetra, euros).

**What does CUS1 hold?**

As of 06/11/2026, CUS1 holds 1,528 positions, according to its published holdings. The largest is Moderna at 1.40% of the fund; the ten largest make up 5.5%. Its ten largest holdings are Moderna (1.40%), US Foods (0.57%), Assurant (0.51%), Royal Gold (0.50%), DT Midstream (0.47%), Axis Capital (0.43%), East West Bancorp (0.42%), Federal Realty Investment Trust (0.40%), Watts Water Technologies · Class A (0.38%) and Tenet Healthcare (0.37%).

**What were CUS1’s returns in each of the last five years?**

Calendar-year returns of CUS1 in pounds (price, with income reinvested in the fund): 2022 −7.3%, 2023 +11.3%, 2024 +13.0%, 2025 +1.0%; 2026 to 13/11/2026 +16.8%. Past performance is not a guide to future returns.

**How has CUS1 done after inflation?**

Over the five years to 13/11/2026 CUS1’s total return was +32.9%, or +3.7% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/253480/ishares-msci-usa-small-cap-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-usa-small-cap-ctb-enhanced-esg-ucits-etf-usd-acc-gb-ie00b3vwm098-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/csuss-ishares-msci-usa-small-cap-ctb-enhanced-esg-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.