iShares North America Index Fund (IE)


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.

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. 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 Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent.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.




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Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 27,5 10,5 15,0 6,2 -1,0 33,2 10,1 36,1 -14,2 21,7
Benchmark (%) 27,4 10,4 14,9 6,2 -1,0 33,1 10,0 36,0 -14,3 21,7

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

Total Return (%)

as of 30.Jun.2024

8,52 34,62 -1,18 13,48 25,67
Benchmark (%)

as of 30.Jun.2024

8,43 34,54 -1,22 13,45 25,63
  1y 3y 5y 10y Incept.
25,67 12,11 15,54 14,49 12,60
Benchmark (%) 25,63 12,08 15,48 14,44 12,61
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
17,59 4,65 4,49 17,59 25,67 40,93 105,87 287,13 570,33
Benchmark (%) 17,58 4,65 4,49 17,58 25,63 40,79 105,39 285,22 571,72

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in EUR, 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. 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
as of 12.Jul.2024
EUR 96 251 809
Share Class launch date
Share Class Currency
Asset Class
SFDR Classification
Ongoing Charges Figures
Annual Management Fee
Minimum Initial Investment
EUR 1 000 000,00
Use of Income
Regulatory Structure
Morningstar Category
US Large-Cap Blend Equity
Dealing Frequency
Daily, forward pricing basis
Net Assets of Fund
as of 15.Jul.2024
USD 3 774 401 324
Fund Launch Date
Fund Base Currency
Benchmark Index
MSCI Daily Net TR North America EUR
Initial Charge
Performance Fee
Minimum Subsequent Investment
EUR 10 000,00
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28.Jun.2024
Standard Deviation (3y)
as of 30.Jun.2024
P/E Ratio
as of 28.Jun.2024
12 Month Trailing Dividend Distribution Yield
as of 30.Jun.2024
3y Beta
as of 30.Jun.2024
P/B Ratio
as of 28.Jun.2024

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.Jun.2024
MSCI ESG Quality Score (0-10)
as of 21.Jun.2024
Fund Lipper Global Classification
as of 21.Jun.2024
Equity US
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21.Jun.2024
MSCI Implied Temperature Rise (0-3.0+ °C)
as of 21.Jun.2024
> 2.5° - 3.0° C
MSCI ESG % Coverage
as of 21.Jun.2024
MSCI ESG Quality Score - Peer Percentile
as of 21.Jun.2024
Funds in Peer Group
as of 21.Jun.2024
3 670
MSCI Weighted Average Carbon Intensity % Coverage
as of 21.Jun.2024
MSCI Implied Temperature Rise % Coverage
as of 21.Jun.2024

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 21.Jun.2024, based on holdings as of 29.Feb.2024. 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 28.Jun.2024
MSCI - Nuclear Weapons
as of 28.Jun.2024
MSCI - Civilian Firearms
as of 28.Jun.2024
MSCI - Tobacco
as of 28.Jun.2024
MSCI - UN Global Compact Violators
as of 28.Jun.2024
MSCI - Thermal Coal
as of 28.Jun.2024
MSCI - Oil Sands
as of 28.Jun.2024

Business Involvement Coverage
as of 28.Jun.2024
Percentage of Fund not covered
as of 28.Jun.2024
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 2,28%.

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.

Risk Indicator

Risk Indicator

Low Risk High Risk
Typically low rewards Typically high rewards



Morningstar Rating

3 stars
Overall Morningstar Rating for iShares North America Index Fund (IE), Flex, as of 30.Jun.2024 rated against 1710 US Large-Cap Blend Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Morningstar has awarded the Fund a Gold medal. (Effective 31.May.2024)



as of 28.Jun.2024
Name Weight (%)
Name Weight (%)
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28.Jun.2024

% of Market Value

Type Fund Benchmark Net
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.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Flex EUR 54,29 0,16 0,29 12.Jul.2024 54,83 41,20 IE00B39J2W40
Inst USD 59,80 0,34 0,57 12.Jul.2024 59,92 44,08 IE00B1W56L25
Flex USD 67,31 0,38 0,57 12.Jul.2024 67,44 49,11 IE0030404903
Class D EUR 30,11 0,09 0,29 12.Jul.2024 30,40 22,66 IE00BD575G75
Class D USD 25,04 0,14 0,57 12.Jul.2024 25,09 18,28 IE00BD575K12
Class S Dist GBP GBP 13,08 0,01 0,07 12.Jul.2024 13,27 10,29 IE000CLK5V01
Class S Acc GBP GBP 13,47 0,01 0,07 12.Jul.2024 13,66 10,51 IE0000L89XL9
Flex USD 46,22 0,26 0,57 12.Jul.2024 46,31 34,01 IE00B040CX25
Inst USD 45,33 0,26 0,57 12.Jul.2024 45,42 33,11 IE00B1W56K18
Flex Hedged EUR 18,07 0,10 0,56 12.Jul.2024 18,11 13,36 IE00BJVKFT58
Class D Acc Hedged EUR 13,04 0,07 0,56 12.Jul.2024 13,07 9,66 IE00BL6KD459
Flex EUR 46,33 0,13 0,29 12.Jul.2024 46,78 34,86 IE00B8J31B35
Inst EUR 55,12 0,16 0,29 12.Jul.2024 55,66 41,51 IE00B78CT216
Flex GBP 25,95 0,18 0,70 05.Feb.2024 25,95 20,70 IE00B7D6J849

Portfolio Managers

Portfolio Managers

Kieran Doyle
Kieran Doyle
Group Index Equity PM Core DM EMEA
Group Index Equity PM Core DM EMEA

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment EUR 10 000
If you exit after 1 year
If you exit after 5 years


There is no minimum guaranteed return. You could lose some or all of your investment.


What you might get back after costs
Average return each year
7 490 EUR
3 700 EUR


What you might get back after costs
Average return each year
8 580 EUR
12 280 EUR


What you might get back after costs
Average return each year
11 140 EUR
18 540 EUR


What you might get back after costs
Average return each year
14 820 EUR
22 000 EUR

The stress scenario shows what you might get back in extreme market circumstances.



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