USCL
iShares Climate Conscious & Transition MSCI USA ETF
USCL tracks a market cap-weighted index of large- and mid-cap US companies selected as leaders in their respective GICS sectors in managing the transition to a low carbon economy, as determined by MSCI.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 3.0 B
ASSETS UNDER MGMT
8 bp
EXPENSES
Fund Basics
| Inception date | Jun 06, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BROADCOM INC. | 6.0 % |
| NVIDIA CORP | 6.0 % |
| AMAZON.COM INC | 5.0 % |
| MICROSOFT CORP | 4.8 % |
| META PLATFORMS INC | 3.3 % |
| ALPHABET INC. CLASS A | 3.2 % |
| TESLA MOTORS INC | 3.0 % |
| ALPHABET INC. CLASS C | 2.7 % |
| ADVANCED MICRO DEVICES | 2.5 % |
| ELI LILLY & CO | 2.2 % |
Constituent Breakdown
| Number of holdings | 270 |
| Herfindahl-Hirschman Index | 198 |
| Wgt avg mkt cap (mns) | $1,080,462 |
| Large cap (>$10bn) | 99.4% |
| Mid cap ($2-10bn) | 0.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.8% |
| Emerging mkts. | 0.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 97.5 % |
 |
IRELAND | 1.3 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.2% | 20.9% | 17.0% | -- | -- | -- | -- | 19.4% |
| Dividend Yield | 0.3% | 1.4% | 1.4% | -- | -- | -- | -- | 1.5% |
| Total Returns | 7.5% | 22.4% | 18.4% | -- | -- | -- | -- | 20.9% | Ann. Volatility | 13.5% | 12.1% | 16.2% | -- | -- | -- | -- | 14.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 95% |
| MSCI EAFE | 0.59 | 53% |
| MSCI Emg Mkts | 0.43 | 49% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $82.11 |
| Relative strength (RSI) | 67 |
| MACD/Signal | 1.23/1.22 |
| Bollinger Bands (Upper/Lower) | $84.93/$81.19 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. USCL |
Expenses vs. USCL |
ALTAR Score™ vs. USCL |
|---|---|---|---|---|
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 95.6% | -1 bp | 0.0% |
| IWL | iShares Russell Top 200 ETF | 69.6% | +7 bp | -0.5% |
| KLMN | Invesco MSCI North America Climate ETF | 69.4% | +1 bp | -0.1% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 69.0% | -1 bp | -0.3% |
| MGC | Vanguard Mega Cap ETF | 68.8% | -1 bp | -0.5% |
| TOPC | iShares S&P 500 3% Capped ETF | 68.2% | +7 bp | -0.1% |
| PBUS | Invesco MSCI USA ETF | 68.1% | -4 bp | -0.1% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 68.1% | -8 bp | -0.2% |
| JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 67.9% | +12 bp | -0.1% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 67.9% | -6 bp | -0.2% |
Risk and Returns: USCL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.9%
ALTAR SCORE™
43rd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. USCL's ALTAR Score™ is approximately -0.2 standard
deviations above the category average. This places USCL in the 43rd percentile
among funds in the category.
Sell-Side Consensus
$96.16
PRICE TARGET
+12.4%
UPSIDE