PABD
iShares Paris-Aligned Climate MSCI World ex USA ETF
PABD invests in mid-cap stocks in developed markets excluding the US. The fund utilizes ESG criteria aligned with the Paris Climate Agreement when selecting and weighing securities.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
53.4 M
ASSETS UNDER MGMT
12 bp
EXPENSES
Fund Basics
| Fund sponsor | iShares |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 17, 2024 |
| Assets (mns) | $53 |
| Expense ratio | 12 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annual |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NOVO NORDISK A/S-B | 2.2 % |
| ASML HOLDING NV | 2.0 % |
| SCHNEIDER ELECTRIC SA | 1.4 % |
| NOVARTIS AG | 1.3 % |
| SAP AG | 1.3 % |
| ASTRAZENECA PLC | 1.3 % |
| ROCHE HOLDING LTD | 1.2 % |
| ROYAL BANK OF CANADA | 1.1 % |
| ABB LTD. | 1.1 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.1 % |
Constituent Breakdown
| Number of holdings | 446 |
| Herfindahl-Hirschman Index | 50 |
| Wgt avg mkt cap (mns) | $83,504 |
| Large cap (>$10bn) | 84.5% |
| Mid cap ($2-10bn) | 14.8% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
JAPAN | 19.1 % |
 |
CANADA | 11.7 % |
 |
SWITZERLAND | 10.4 % |
 |
BRITAIN | 9.8 % |
 |
FRANCE | 9.2 % |
 |
AUSTRALIA | 6.5 % |
 |
GERMANY | 6.5 % |
 |
NETHERLANDS | 3.8 % |
 |
SPAIN | 3.7 % |
 |
DENMARK | 3.5 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.5% | -- | -- | -- | -- | -- | 11.5% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $50,665 |
Technical Indicators
| Recent close | $55.63 |
| 30d moving avg. | $55.79 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 42 |
| 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. PABD |
Expenses vs. PABD |
ALTAR Score™ vs. PABD |
|---|---|---|---|---|
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 60.7% | +8 bp | +0.8% |
| EFA | iShares MSCI EAFE ETF | 58.9% | +23 bp | +1.2% |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 55.4% | +8 bp | +1.3% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 53.7% | +24 bp | +0.5% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 53.2% | -8 bp | +1.4% |
| IEFA | iShares Core MSCI EAFE ETF | 52.9% | -5 bp | +1.4% |
| BKIE | BNY Mellon International Equity ETF | 52.8% | -8 bp | +1.1% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 52.1% | +8 bp | +0.9% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 51.6% | +8 bp | +1.0% |
| SCHF | Schwab International Equity ETF | 51.0% | -6 bp | +1.6% |
Risk and Returns: PABD 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 10/17/2024
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
PABD
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
PABD
6.0%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 257 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.5%. PABD's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places PABD in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PABDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| PABD (12 bp) Percentile rank | 10 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PABD | 12.0 | 0.0 | 12 |
| Peer Avg. | 35.4 | 18.9 | 54.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .