Equity

IKO

iShares MSCI South Korea ETF

Overview

This product is likely to be appropriate for a consumer seeking capital growth with a high to very high risk/return profile. This product is unlikely to be appropriate for a consumer with a short investment timeframe or as a whole portfolio solution.
Last Trade Price: Last price as traded on the ASX (max. 20 minute delayed pricing).
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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 Payment Date
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Tax Summary

  1y 3y 5y 10y Incept.
-26.80 4.08 1.51 6.56 5.30
Benchmark (%) -26.01 4.25 2.09 7.17 5.87
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-18.98 2.53 -7.47 -15.55 -26.80 12.73 7.79 88.71 214.92
Benchmark (%) -19.29 3.66 -9.01 -13.43 -26.01 13.30 10.90 99.93 255.25
  2017 2018 2019 2020 2021
Total Return (%) 33.67 -11.62 7.73 26.93 -2.18
Benchmark (%) 34.40 -11.13 8.72 27.89 -1.33

Incept.:
The date on which the first iShares ETF unit/share creation was processed.

The performance quoted represents past performance and does not guarantee future results.
Effective 19 October 2018, the Fund was restructured from a U.S. domiciled ETF to an Australian domiciled ETF. Performance figures shown prior to this date are based on the NAV of the U.S. domiciled iShares ETF converted from USD to AUD. Performance figures shown after this date are based on the NAV of the Australian domiciled iShares ETF in AUD. The restructure did not impact underlying exposures.

Key Facts

Key Facts

Net Assets as of 18-Aug-2022 AUD 69,373,204.58
Closing Price as of 19-Aug-2022 87.72
Shares Outstanding as of 18-Aug-2022 792,855
Base Currency Australian Dollar
Inception Date 09-May-2000
Listing Date 15-Nov-2007
Exchange ASX - All Markets
Asset Class Equity
Domicile Australia
Benchmark Index MSCI Korea 25/50 Index
Bloomberg Total Return Index Ticker NU728368
Distribution Frequency Annual
Exchange Ticker IKO
ISIN AU000000IKO6
SEDOL B2988J3
Bloomberg Ticker IKO
Bloomberg NAV IKONAV
Bloomberg Shares IKOSHO
IRESS Ticker IKO.AXW
Number of Holdings as of 18-Aug-2022 1
Rebalance Freq Quarterly
Effective 19 October 2018, the Fund was restructured from a U.S. domiciled ETF to an Australian domiciled ETF. The above Inception and Listing Dates refer to those of the U.S. domiciled ETF. The restructure did not impact underlying exposures.

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of 18-Aug-2022 7.94
P/B Ratio as of 18-Aug-2022 1.00
12m Trailing Yield as of 18-Aug-2022 1.19%
Invest Thematically
Invest in the long-term trends transforming the way we live and work with iShares ETFs.
Investing with Thematic ETFs

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of 21-Jul-2022 A
MSCI ESG % Coverage as of 21-Jul-2022 99.89
MSCI ESG Quality Score (0-10) as of 21-Jul-2022 5.72
MSCI ESG Quality Score - Peer Percentile as of 21-Jul-2022 9.64
Fund Lipper Global Classification as of 21-Jul-2022 Equity Asia Pacific ex Japan
Funds in Peer Group as of 21-Jul-2022 674
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21-Jul-2022 191.28
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Jul-2022 99.36
MSCI Implied Temperature Rise (0-3.0+ °C) as of 21-Jul-2022 > 3.0° C
MSCI Implied Temperature Rise % Coverage as of 21-Jul-2022 98.47

What is the Implied Temperature Rise (ITR) metric? Learn what the metric means, how it is calculated, and about the assumptions and limitations for this forward-looking climate-related metric.

Climate change is one of the greatest challenges in human history and will have profound implications for investors. To address climate change, many of the world's major countries have signed the Paris Agreement. The temperature goal of the Paris Agreement is to limit global warming to well below 2°C above pre-industrial levels, and ideally 1.5 °C, which will help us avoid the most severe impacts of climate change.


What is the ITR metric?

The ITR metric is used to provide an indication of alignment to the temperature goal of the Paris Agreement for a company or a portfolio. Scientific consensus suggests that reducing emissions until they reach net zero around mid-century (2050-2070) is how this goal could be met. A net zero emissions economy is one that balances emissions and removals.


How is the ITR metric calculated?

The ITR metric is calculated by looking at the current emissions intensity of companies within the fund's portfolio as well as the potential for those companies to reduce its emissions over time. If emissions in the global economy followed the same trend as the emissions of companies within the fund's portfolio, global temperatures would ultimately rise within this band.


Note, only corporate issuers are covered within the calculation. A summary explanation of MSCI’s methodology and assumptions for its ITR metric can be found here.


Because the ITR metric is calculated in part by considering the potential for a company within the fund’s portfolio to reduce its emissions over time, it is forward-looking and prone to limitations. As a result, BlackRock publishes MSCI’s ITR metric for its funds in temperature range bands. The bands help to underscore the underlying uncertainty in the calculations and the variability of the metric.

Thermometer-style chart of yellow to red temperature bands showing an investment’s position relative to the Paris Agreement temperature goals. Metric data source MSCI

What are the key assumptions and limitations of the ITR metric?

This forward-looking metric is calculated based on a model, which is dependent upon multiple assumptions. Also, there are limitations with the data inputs to the model. Importantly, an ITR metric may vary meaningfully across data providers for a variety of reasons due to methodological choices (e.g., differences in time horizons, the scope(s) of emissions included and portfolio aggregation calculations).

There is not a universally accepted way to calculate an ITR. There is not a universally agreed upon set of inputs for the calculation. At present, availability of input data varies across asset classes and markets. To the extent that data becomes more readily available and more accurate over time, we expect that ITR metric methodologies will evolve and may result in different outputs. Where data is not available, and / or if data changes, the estimation methods vary, particularly those related to a company’s future emissions.


The ITR metric estimates a fund’s alignment with the Paris Agreement temperature goal. However, there is no guarantee that these estimates will be reached. The ITR metric is not a real time estimate and may change over time, therefore it is prone to variance and may not always reflect a current estimate.


The ITR metric is not an indication or estimate of a fund’s performance or risk. Investors should not rely on this metric when making an investment decision and instead should refer to a fund’s prospectus and governing documents. This estimate and the associated information is not intended as a recommendation to invest in any fund, nor is it intended to indicate any correlation between a fund’s ITR metric and its future investment performance.

All data is from MSCI ESG Fund Ratings as of 21-Jul-2022, based on holdings as of 30-Jun-2022. 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 with ESG coverage 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 18-Aug-2022 0.64%
MSCI - UN Global Compact Violators as of 18-Aug-2022 0.00%
MSCI - Nuclear Weapons as of 18-Aug-2022 0.00%
MSCI - Thermal Coal as of 18-Aug-2022 0.00%
MSCI - Civilian Firearms as of 18-Aug-2022 0.00%
MSCI - Oil Sands as of 18-Aug-2022 0.00%
MSCI - Tobacco as of 18-Aug-2022 1.08%

Business Involvement Coverage as of 18-Aug-2022 99.99%
Percentage of Fund not covered as of 18-Aug-2022 0.01%
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 1.59% 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.

Holdings

Holdings

as of 18-Aug-2022
Ticker Name Sector Location Currency Asset Class Market Value Weight (%)
Ticker Name Asset Class Weight (%) Price Shares Market Value Notional Value Sector SEDOL ISIN CUSIP Exchange Location Currency Market Currency
Ticker Name Asset Class Weight (%) Sector Location Market Value Shares Price ISIN CUSIP SEDOL Exchange Market Currency Currency Notional Value
Cash:  May include cash, dividends and receivables/payables for unsettled trades.

Notional Value: The market value of the securities held by the ETF at the given date. The notional value of a futures contract is the face value of the futures contract as at the given date.

All security prices are shown in the fund base currency.

Total allocation percentages may not equal 100% due to rounding or omissions of holdings of less than 1%. Information on certain fund holdings of less than 1% may not be widely available and may not be included in the table of holdings shown.

Holdings are subject to change.

Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided “as is” and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter.  BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.

Exposure Breakdowns

Exposure Breakdowns

as of 18-Aug-2022

% of Weight

Type Fund
Allocations are subject to change.

Total allocation percentages may not equal 100% due to rounding or omission of holdings of less than 1%.

Literature

Literature

 

Trading iShares

Trading iShares

iShares ETFs can be bought and sold via the Australian Securities Exchange (ASX) just like individual shares.