Real Estate

iShares Developed Real Estate Index Fund (IE)

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The Fund may be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent. This may have an adverse affect on the activities of the fund. The Fund uses derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of Dec 31, 2020

7.10 -2.98 -0.98 24.23 -16.52
Benchmark (%)

as of Dec 31, 2020

7.18 -3.06 -0.88 24.15 -16.55
  1Y 3Y 5Y 10y Incept.
- - - - -
Benchmark (%)

as of Feb 28, 2021

-8.49 5.05 2.86 - 5.64
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
- - - - - - - -
Benchmark (%)

as of Feb 28, 2021

3.69 3.80 4.93 -8.49 15.94 15.13 - 59.89
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Fund (Millions) as of Mar 2, 2021 USD 2,511.442
Fund Inception Date Aug 8, 2012
Share Class Inception Date Aug 8, 2012
12m Trailing Yield as of Feb 28, 2021 2.73
Number of Holdings as of Jan 29, 2021 337
Base Currency U.S. Dollar
Asset Class Real Estate
Morningstar Category Property - Indirect Global
Benchmark Index FTSE EPRA Nareit Developed Net Index EUR
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Ongoing Charge 0.22%
ISIN IE00B7F1RC73
Bloomberg Ticker BRREEII
Annual Management Fee 0.20%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B7F1RC7
Bloomberg Benchmark Ticker TRNGLU
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 1000000
Minimum Subsequent Investment -
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Feb 28, 2021 18.80
3y Beta as of Jan 31, 2021 1.002
5y Volatility - Benchmark as of Feb 28, 2021 15.66
5y Beta as of Jan 31, 2021 1.001

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Feb 5, 2021 BB
MSCI ESG Quality Score (0-10) as of Feb 5, 2021 4.05
MSCI ESG Quality Score - Peer Percentile as of Feb 5, 2021 26.07
MSCI ESG % Coverage as of Feb 5, 2021 98.03
Fund Lipper Global Classification as of Feb 5, 2021 Equity Sector Real Est Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 5, 2021 90.93
Funds in Peer Group as of Feb 5, 2021 326
All data is from MSCI ESG Fund Ratings as of Feb 5, 2021, based on holdings as of Jun 30, 2020. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Jan 29, 2021 0.00%
MSCI - UN Global Compact Violators as of Jan 29, 2021 0.00%
MSCI - Nuclear Weapons as of Jan 29, 2021 0.00%
MSCI - Thermal Coal as of Jan 29, 2021 0.00%
MSCI - Civilian Firearms as of Jan 29, 2021 0.00%
MSCI - Oil Sands as of Jan 29, 2021 0.00%
MSCI - Tobacco as of Jan 29, 2021 0.00%

Business Involvement Coverage as of Jan 29, 2021 99.32%
Percentage of Fund not covered as of Jan 29, 2021 0.68%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for iShares Developed Real Estate Index Fund (IE), Inst, as of Feb 28, 2021 rated against 562 Property - Indirect Global Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Dec 10, 2020)

Risk Indicator

Risk Indicator

1
2
3
4
5
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7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jan 29, 2021
Name Weight (%)
PROLOGIS REIT INC 4.94
DIGITAL REALTY TRUST REIT INC 2.61
VONOVIA SE 2.47
PUBLIC STORAGE REIT 2.23
SIMON PROPERTY GROUP REIT INC 1.95
Name Weight (%)
WELLTOWER INC 1.65
AVALONBAY COMMUNITIES REIT INC 1.50
EQUITY RESIDENTIAL REIT 1.47
ALEXANDRIA REAL ESTATE EQUITIES RE 1.45
REALTY INCOME REIT CORP 1.35
Holdings subject to change

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Inst EUR Quarterly 12.69 -0.07 -0.52 14.78 9.26 12.69 IE00B7F1RC73 12.70 -
Inst USD Accumulating 12.77 -0.06 -0.43 13.34 8.07 12.77 IE00B89M2V73 12.78 -
Flex USD Accumulating 14.81 -0.06 -0.43 15.44 9.34 14.80 IE00B83ZLT36 14.82 -
Flex GBP - 16.04 -0.04 -0.25 19.44 12.45 16.03 IE00B77JTS94 16.05 -
Inst EUR Accumulating 15.69 -0.08 -0.52 17.74 11.12 15.69 IE00B83YJG36 15.70 -
Flex GBP Accumulating - - - - - - - - -
Inst USD - 39.84 0.24 0.60 42.74 25.87 39.83 IE00B7W1N443 39.88 -
D EUR Accumulating 10.57 -0.06 -0.52 11.94 7.49 10.56 IE00BDRK7P73 10.57 -
Flex EUR Accumulating 16.15 -0.08 -0.52 18.23 11.43 16.15 IE00B801LT45 16.17 -

Portfolio Managers

Portfolio Managers

Kieran Doyle
Kieran Doyle

Literature

Literature