Equity

iShares World Equity Index Fund

Important: Investment involves risk, including the loss of principal. Please refer to the Prospectus and Key Facts Statement for details including the risk factors. Investors should not base their investment decision on this marketing material alone. Investors should note:

・The Fund invests in equity securities, which may subject it to risks arising from political, economic, other market and issuer-specific factors.
・The Fund is subject to passive investment risks, tracking error risks, index-related risks and currency risk.

Overview

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Performance

Performance

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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -9.69 25.36 14.77 18.72 -18.22 21.29
Benchmark (%) -9.19 26.11 15.81 19.68 -17.76 22.33

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
16.15 4.07 8.92 - 9.22
Benchmark (%) 17.13 4.82 9.70 - 10.00
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.67 -3.32 3.90 19.18 16.15 12.71 53.27 - 87.12
Benchmark (%) 4.87 -3.30 4.07 19.67 17.13 15.17 58.89 - 96.78
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant Share Class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section on the right for the inception date of the Fund and the Share Class.

Key Facts

Key Facts

Net Assets of Fund
as of 28-May-2024
HKD 5,311,845,658
Fund Inception
23-Mar-2017
Fund Base Currency
HKD
Benchmark Index
FTSE MPF All-World Index (HKD unhedged total return) (HKD)
Initial Charge
3.00%
Management Fee (incl Distribution Fee, if any)
0.55%
Domicile
Hong Kong
Bloomberg Ticker
WEIA2HK
SFC-authorised ESG fund
No
Share Class Inception Date
23-Mar-2017
Share Class Currency
HKD
Asset Class
Equity
Index Ticker
-
ISIN
HK0000303880
Performance Fee
0.00%
Morningstar Category
Global Large-Cap Blend Equity
SEDOL
BDFLH74
For Fee details, please refer to the Fund Prospectus.

For more information regarding the index, please visit here.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29-Dec-2023
2295
3y Beta
as of 30-Apr-2024
0.997
P/B Ratio
as of 30-Apr-2024
2.90
Standard Deviation (3y)
as of 30-Apr-2024
16.35%
P/E Ratio
as of 30-Apr-2024
20.53

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 19-May-2024
A
MSCI ESG Quality Score (0-10)
as of 19-May-2024
6.80
Fund Lipper Global Classification
as of 19-May-2024
Equity Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 19-May-2024
120.94
MSCI Implied Temperature Rise (0-3.0+ °C)
as of 19-May-2024
> 2.5° - 3.0° C
MSCI ESG % Coverage
as of 19-May-2024
95.73
MSCI ESG Quality Score - Peer Percentile
as of 19-May-2024
29.05
Funds in Peer Group
as of 19-May-2024
5,574
MSCI Weighted Average Carbon Intensity % Coverage
as of 19-May-2024
95.22
MSCI Implied Temperature Rise % Coverage
as of 19-May-2024
95.20

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.

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. ITR employs open source 1.55° C decarbonization pathways derived from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). These pathways can be regional and sector specific and set a net zero target of 2050, in line with GFANZ (Glasgow Financial Alliance for Net Zero) industry standards. We make use of this feature for all GHG scopes. This enhanced ITR model was implemented by MSCI on February 19, 2024.


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. Funds may change bands as methodologies evolve. 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 based on a credibility assessment of stated decarbonization targets. 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 19-May-2024, based on holdings as of 30-Sept-2023. 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% (or 50% for bond funds and money market funds) 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.

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 30-Apr-2024
0.49%
MSCI - Nuclear Weapons
as of 30-Apr-2024
0.43%
MSCI - Civilian Firearms
as of 30-Apr-2024
0.12%
MSCI - Tobacco
as of 30-Apr-2024
0.54%
MSCI - UN Global Compact Violators
as of 30-Apr-2024
0.19%
MSCI - Thermal Coal
as of 30-Apr-2024
0.47%
MSCI - Oil Sands
as of 30-Apr-2024
0.26%

Business Involvement Coverage
as of 30-Apr-2024
99.91%
Percentage of Fund not covered
as of 30-Apr-2024
0.09%
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 1.00% and for Oil Sands 2.35%.

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 stars
As of 30-Apr-2024

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Effective 30-Apr-2024

Holdings

Holdings

as of 30-Apr-2024
Name Weight (%)
MICROSOFT CORP 4.05
APPLE INC 3.47
NVIDIA CORP 2.87
AMAZON COM INC 2.20
ALPHABET INC CLASS A 1.35
Name Weight (%)
META PLATFORMS INC CLASS A 1.33
ALPHABET INC CLASS C 1.16
BERKSHIRE HATHAWAY INC CLASS B 1.01
ELI LILLY 0.92
TAIWAN SEMICONDUCTOR MANUFACTURING 0.81
Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.

Holdings subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 30-Apr-2024

% of Weight

Type Fund Benchmark Net
as of 30-Apr-2024

% of Weight

Type Fund Benchmark Net
Allocations are subject to change. Source: BlackRock
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 HKD Non-Distributing 196.02 -0.13 -0.07 28-May-2024 196.68 155.21 HK0000303880
D2 HKD Non-Distributing 116.77 -0.08 -0.07 28-May-2024 117.16 99.90 HK0000956786

Portfolio Managers

Portfolio Managers

Jane Kim
Jane Kim

Documents

Documents