CRBN
iShares MSCI ACWI Low Carbon Target ETF
iShares MSCI ACWI Low Carbon Target ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities with a lower carbon exposure than that of the broad market.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
977.2 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 08, 2014 |
| Assets (mns) | $977 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 4.6 % |
| APPLE INC | 4.3 % |
| MICROSOFT CORP | 3.7 % |
| AMAZON.COM INC | 2.4 % |
| META PLATFORMS INC | 1.6 % |
| ALPHABET INC. CLASS A | 1.4 % |
| TESLA MOTORS INC | 1.3 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 1.1 % |
| ALPHABET INC. CLASS C | 1.1 % |
| BROADCOM INC. | 1.0 % |
Constituent Breakdown
| Number of holdings | 1053 |
| Herfindahl-Hirschman Index | 84 |
| Wgt avg mkt cap (mns) | $574,450 |
| Large cap (>$10bn) | 93.3% |
| Mid cap ($2-10bn) | 6.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 89.4% |
| Emerging mkts. | 10.6% |
Country Exposure
 |
UNITED STATES | 63.6 % |
 |
JAPAN | 5.0 % |
 |
CANADA | 3.1 % |
 |
BRITAIN | 3.0 % |
 |
CHINA | 2.6 % |
 |
SWITZERLAND | 2.2 % |
 |
TAIWAN | 2.0 % |
 |
FRANCE | 1.9 % |
 |
INDIA | 1.8 % |
 |
AUSTRALIA | 1.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.2% | 30.4% | 20.3% | 4.7% | 10.7% | -- | 9.3% | Volatility | 12.3% | 12.0% | 13.6% | 16.7% | 19.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 98% |
| MSCI EAFE | 0.90 | 88% |
| MSCI Emg Mkts | 0.75 | 60% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $348,115 |
Technical Indicators
| Recent close | $195.44 |
| 30d moving avg. | $195.55 |
| Annualized volatility | 16.9% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CRBN |
Expenses vs. CRBN |
ALTAR Score™ vs. CRBN |
|---|---|---|---|---|
| ACWI | iShares MSCI ACWI ETF | 71.3% | +12 bp | +0.1% |
| URTH | iShares MSCI World ETF | 69.8% | +4 bp | +0.0% |
| KLMT | Invesco MSCI Global Climate 500 ETF | 68.5% | -10 bp | +0.3% |
| TOK | iShares MSCI Kokusai ETF | 68.2% | +6 bp | -0.1% |
| KOKU | Xtrackers MSCI Kokusai Equity ETF | 66.1% | -11 bp | +0.0% |
| NZAC | SPDR MSCI ACWI Climate Paris Aligned ETF | 65.6% | -8 bp | -0.4% |
| VT | Vanguard Total World Stock ETF | 63.8% | -13 bp | +0.4% |
| PBUS | Invesco MSCI USA ETF | 58.9% | -16 bp | -0.2% |
| ILCB | iShares Morningstar U.S. Equity ETF | 58.9% | -17 bp | -0.2% |
| SPGM | SPDR Portfolio MSCI Global Stock Market ETF | 58.9% | -11 bp | +0.2% |
Risk and Returns: CRBN 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CRBN
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
CRBN
5.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.6%. CRBN's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places CRBN in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CRBNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| CRBN (20 bp) Percentile rank | 2 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CRBN | 20.0 | 15.4 | 35.4 |
| Peer Avg. | 43.3 | 22.0 | 65.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .