Exchange-traded fund
iShares ESG Aware MSCI USA Small-Cap ETF
TickerESMLsocially responsible
Fund manager
BlackRock/iShares
Prison industrial complex grade: One or more holdings were flagged as higher risk by our prison industrial complex screen, making up between 1% and 2% of the portfolio. Assigned a grade of D.
D
$30.26 MILLION
Prison industrial complex
14
flagged holdings
2.05%
of assets flagged
Data as of 8/31/22
Flagged investments:
$30.26 MILLION, 2.05% of assets
Higher risk:
$22.25 MILLION, 1.5% of assets
 Private prison operators:
$0, 0% of assets
For each prison industrial complex category, click to see the breakdown of flagged holdings.
Prison industry
Prison industry
Incarceration and detention facilities, services in facilities, supervision and monitoring
6
holdings
$19.38M
invested
1.31%
of portfolio
Border industry
Border industry
Incarceration and detention facilities, immigrant monitoring and surveillance, militarization of the U.S.-Mexico border
13
holdings
$29.49M
invested
1.99%
of portfolio
All flagged holdings
14 holdings
14 holdings
  • 1.  Synovus Financial Corp 
    Prison industryBorder industry
    $4.86M
    0.33%
  • 2.  First Horizon Corp 
    Prison industryBorder industry
    $4.76M
    0.32%
  • 3.  Axon Enterprise Inc 
    Prison industryBorder industry
    $3.37M
    0.23%
  • 4.  Pinnacle Financial Partners Inc 
    Prison industryBorder industry
    $3.08M
    0.21%
  • 5.  Acadia Healthcare Co Inc 
    Prison industryBorder industry
    $2.54M
    0.17%
Higher risk
Private prison operator
See all
iShares ESG Aware MSCI USA Small-Cap ETF $ESML has $30.26 MILLION invested in 14 companies involved in the prison industrial complex, amounting to 2.05% of fund assets
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Financial performance
Performance data provided byMorningstarFind more financial data on ESML at Morningstar.com
Current fund
ESML
iShares ESG Aware MSCI USA Small-Cap ETF
Family
BlackRock/iShares
Category
Small Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 3-yr returns 
-2.22% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
1.08% more invested
More invested in higher risk companies, border industry 
<0.01% more invested
More invested in higher risk companies 
<0.01% more invested
Less invested in all screened prison industry companies 
14.76% less invested
Less invested in all screened border industry companies 
18.4% less invested
Less invested in all screened companies 
21.83% less invested
Current fund
ESML
iShares ESG Aware MSCI USA Small-Cap ETF
Family
BlackRock/iShares
Category
Small Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 3-yr returns 
-2.22% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
1.08% more invested
More invested in higher risk companies, border industry 
<0.01% more invested
More invested in higher risk companies 
<0.01% more invested
Less invested in all screened prison industry companies 
14.76% less invested
Less invested in all screened border industry companies 
18.4% less invested
Less invested in all screened companies 
21.83% less invested
Current fund
ESML
iShares ESG Aware MSCI USA Small-Cap ETF
Family
BlackRock/iShares
Category
Small Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 3-yr returns 
-2.22% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
1.08% more invested
More invested in higher risk companies, border industry 
<0.01% more invested
More invested in higher risk companies 
<0.01% more invested
Less invested in all screened prison industry companies 
14.76% less invested
Less invested in all screened border industry companies 
18.4% less invested
Less invested in all screened companies 
21.83% less invested
Month-end trailing returns  
Annualized returns
Flagged investments
1-yr
3-yr
5-yr
10-yr
Private prison operators
This fund
ESML - iShares ESG Aware MSCI USA Small-Cap ETF
-15.03%
10%
/
/
0% 
Benchmark
IVV - iShares Core S&P 500 ETF
-11.25%
12%
12%
13%
0% 
Fund compared to benchmark
 
-3.77%
-2.22%
/
/
Same
Find more financial data on ESML at Morningstar.com
What's next?
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Action toolkit
Ask your employer about adding prison industrial complex-free options to your retirement plan
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