BlackRock World ex U.S. Carbon Transition Readiness ETF ACTIVE


Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.





Performance chart data not available for display.
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Record Date Ex-Date Payable Date
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  1y 3y 5y 10y Incept.
-25.06 - - - -16.42
Market Price (%) -25.18 - - - -16.52
Benchmark (%) -23.91 - - - -15.06
After Tax Pre-Liq. (%) -25.73 - - - -17.02
After Tax Post-Liq. (%) -14.26 - - - -12.26

This chart shows the fund's performance as the percentage loss or gain per year over the last 0 years. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

  2017 2018 2019 2020 2021
Total Return (%)
Market Price (%)
Benchmark (%)
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-27.45 -9.71 -10.55 -22.71 -25.06 - - - -23.43
Market Price (%) -27.43 -9.73 -10.68 -22.96 -25.18 - - - -23.56
Benchmark (%) -26.23 -9.26 -9.20 -22.50 -23.91 - - - -21.50
After Tax Pre-Liq. (%) -27.82 -9.71 -10.55 -23.11 -25.73 - - - -24.24
After Tax Post-Liq. (%) -16.00 -5.75 -6.25 -13.18 -14.26 - - - -17.69

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund as of 30-Nov-22 USD 459,718,982
Fund Launch Date 06-Apr-21
Exchange NYSE Arca
Asset Class Equity
Benchmark Index MSCI World ex USA Index
SFDR Classification Article 8
Shares Outstanding as of 30-Nov-22 11,400,000
Distribution Frequency Semi-Annual
Premium/Discount as of 30-Nov-22 -0.21
CUSIP 09290C608
30 Day Median Bid/Ask Spread as of 30-Nov-22 0.45
Volume - 1d as of 30-Nov-22 4,184.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 29-Nov-22 359
Equity Beta (3y) as of - -
30 Day SEC Yield as of 31-Oct-22 2.76
12m Trailing Yield as of 31-Oct-22 3.62
Standard Deviation (3y) as of - -
Unsubsidized 30-Day SEC Yield as of 31-Oct-22 2.61

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.

This fund seeks to follow a sustainable, impact or ESG investment strategy, as disclosed in its prospectus. For more information regarding the 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-Sep-22 AAA
MSCI ESG % Coverage as of 21-Sep-22 99.84
MSCI ESG Quality Score (0-10) as of 21-Sep-22 9.83
MSCI ESG Quality Score - Peer Percentile as of 21-Sep-22 95.76
Fund Lipper Global Classification as of 21-Sep-22 Equity Global ex US
Funds in Peer Group as of 21-Sep-22 873
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 21-Sep-22 106.62
MSCI Weighted Average Carbon Intensity % Coverage as of 21-Sep-22 98.35
MSCI Implied Temperature Rise (0-3.0+ °C) as of 21-Sep-22 > 2.5° - 3.0° C
MSCI Implied Temperature Rise % Coverage as of 21-Sep-22 97.60

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-Sep-22, based on holdings as of 31-Aug-22. 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. 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 29-Nov-22 0.00%
MSCI - UN Global Compact Violators as of 29-Nov-22 0.79%
MSCI - Nuclear Weapons as of 29-Nov-22 0.09%
MSCI - Thermal Coal as of 29-Nov-22 0.00%
MSCI - Civilian Firearms as of 29-Nov-22 0.00%
MSCI - Oil Sands as of 29-Nov-22 0.00%
MSCI - Tobacco as of 29-Nov-22 0.00%

Business Involvement Coverage as of 29-Nov-22 99.11%
Percentage of Fund not covered as of 29-Nov-22 0.89%
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 0.99% and for Oil Sands 2.91%.

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.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.

The Fund manager includes environmental considerations in the research, selection, monitoring and reporting phases of the investment process. This includes third-party data and material considerations, as defined by the investment team, of environmental criteria. The Fund manager undertakes rigorous research in the construction of internal research signals, which helps measure a company's exposure to, and management of, transition risks and opportunities associated with the low-carbon economy. This signal considers key performance indicators, as determined by the investment team, within the themes of natural resource management and core business involvement. Once these indicators have met the criteria necessary to be incorporated into the signal, this information is incorporated into investment decisions on an ongoing basis. The Fund manager additionally examines environmental exposures such as carbon emissions intensity and clean technology revenue during the reporting phase. These are sourced from Aladdin or directly from third-party data providers.



as of current prospectus
Management Fee 0.35
Acquired Fund Fees and Expenses 0.00
Foreign Taxes and Other Expenses 0.00
Gross Expense Ratio 0.35
Fee Waivers 0.15
Net Expense Ratio 0.20




Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal CUSIP ISIN SEDOL Price Location Exchange Currency FX Rate Accrual Date
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of 29-Nov-22

% of Market Value

Type Fund
as of 29-Nov-22

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business. Bonds are included in US bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer. 
Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Suzanne Ly
Suzanne Ly
Jonathan Adams
Jonathan Adams