US small-cap value companies
This holds small US companies but leans toward the ones that look cheap based on their sales, earnings and book value. It is a value tilt applied to the small-company part of the US market. The idea is that cheaper small firms may reward patient investors over time.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Combines small-cap and value tilts cheaply
- Diversified across many small companies
- Dividends reinvested automatically
- Value can lag growth for years
- Higher volatility than large-cap funds
- Smaller fund than plain Russell 2000
About this fund
The fund tracks the MSCI USA Small Cap Value Weighted index, which takes US small-cap stocks and weights them by fundamental measures (sales, earnings, cash earnings and book value) rather than market value, producing a value tilt. It combines two factors, size and value, in one fund. It uses optimised physical sampling and accumulates dividends.
Available on Interactive Brokers
Low-cost access to US small-cap value companies and 10,000+ funds worldwide.
Frequently asked questions
Is USSC.L accumulating or distributing?
SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for USSC.L?
USSC.L has a total expense ratio (TER) of 0.30% per year. On a $10,000 holding that is roughly $30 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy USSC.L on Interactive Brokers?
Yes. USSC.L trades on LSE, USD and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does USSC.L invest in?
SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) tracks the MSCI USA Small Cap Value Weighted. This holds small US companies but leans toward the ones that look cheap based on their sales, earnings and book value. You buy one fund and get the whole basket in a single trade.
Is USSC.L a UCITS ETF, and where is it domiciled?
Yes, USSC.L is a UCITS ETF domiciled in Ireland. For non-US investors, Irish-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is USSC.L?
On the TickerCompare 1 to 5 scale, USSC.L is rated higher risk (4/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.