LCTD
BlackRock World ex U.S. Carbon Transition Readiness ETF
LCTD is an actively managed fund that targets companies in developed markets outside of the US that are considered to be equipped for a low-carbon economy transition.
Global
EQUITY
Active
MANAGEMENT STYLE
247.6 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 08, 2021 |
| Assets (mns) | $248 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NOVO NORDISK A/S-B | 2.2 % |
| ASML HOLDING NV | 2.0 % |
| NESTLE SA-REG | 1.9 % |
| ROYAL BANK OF CANADA | 1.9 % |
| NOVARTIS AG | 1.7 % |
| ASTRAZENECA PLC | 1.5 % |
| SCHNEIDER ELECTRIC SA | 1.5 % |
| TORONTO-DOMINION BANK | 1.4 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.4 % |
| HSBC HOLDINGS PLC | 1.3 % |
Constituent Breakdown
| Number of holdings | 361 |
| Herfindahl-Hirschman Index | 70 |
| Wgt avg mkt cap (mns) | $89,635 |
| Large cap (>$10bn) | 87.2% |
| Mid cap ($2-10bn) | 12.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
JAPAN | 19.1 % |
 |
BRITAIN | 12.8 % |
 |
CANADA | 12.1 % |
 |
FRANCE | 10.0 % |
 |
SWITZERLAND | 9.6 % |
 |
GERMANY | 6.0 % |
 |
AUSTRALIA | 5.8 % |
 |
NETHERLANDS | 4.8 % |
 |
DENMARK | 3.3 % |
 |
SWEDEN | 2.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.0% | 19.2% | 15.6% | -- | -- | -- | 0.5% | Volatility | 13.1% | 13.1% | 14.3% | 16.6% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.92 | 77% |
| MSCI EAFE | 1.02 | 99% |
| MSCI Emg Mkts | 0.87 | 68% |
Liquidity Measures
| Avg. volume (000) | 11 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.34% |
| ADV of underlying (mns) | $46,848 |
Technical Indicators
| Recent close | $44.61 |
| 30d moving avg. | $47.49 |
| Annualized volatility | 18.2% |
| Relative strength (RSI) | 44 |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. LCTD |
Expenses vs. LCTD |
ALTAR Score™ vs. LCTD |
|---|---|---|---|---|
| ESGD | iShares ESG Aware MSCI EAFE ETF | 49.8% | 0 bp | 0.0% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 49.5% | +16 bp | -0.4% |
| BKIE | BNY Mellon International Equity ETF | 49.0% | -16 bp | +0.2% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 48.6% | 0 bp | +0.0% |
| STXI | Strive International Developed Markets ETF | 48.3% | +9 bp | -0.1% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 47.2% | 0 bp | +0.1% |
| EFA | iShares MSCI EAFE ETF | 47.1% | +15 bp | 0.0% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 45.8% | 0 bp | -0.4% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 45.5% | +26 bp | -0.5% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 45.4% | -11 bp | +0.1% |
Risk and Returns: LCTD 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
LCTD
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
LCTD
7.0%
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%. LCTD's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places LCTD in the 72nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LCTDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| LCTD (20 bp) Percentile rank | 4 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| LCTD | 20.0 | 34.0 | 54 |
| Peer Avg. | 56.0 | 36.2 | 92.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .