Real Estate

BIRDX

iShares Developed Real Estate Index Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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  1y 3y 5y 10y Incept.
30.06 6.83 5.06 - 5.65
Benchmark (%) 29.64 6.18 4.53 - 5.15
Morningstar Category Avg. (%) 26.73 7.58 5.98 8.61 -
Morningstar Ranking 58/200 134/196 119/174 - -
Morningstar Quartile 2 3 3 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
14.92 -5.78 -0.88 30.06 21.92 27.99 - 40.05
Benchmark (%) 14.46 -5.80 -0.90 29.64 19.70 24.79 - 36.07
Morningstar Category Avg. (%) 13.26 -5.43 -0.97 26.73 24.49 33.68 128.39 -
  2016 2017 2018 2019 2020
Total Return (%) 4.40 10.82 -4.79 22.37 -8.27
Benchmark (%) 4.06 10.36 -5.63 21.91 -9.04
Morningstar Category Avg. (%) 1.97 15.12 -7.11 23.45 -5.43
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

Net Assets as of Oct 21, 2021 $49,308,593
Net Assets of Fund as of Oct 21, 2021 $2,554,203,208
Share Class launch date Aug 13, 2015
Asset Class Real Estate
Benchmark Index FTSE EPRA Nareit Developed Index (Net) in USD
Distribution Frequency Quarterly
Morningstar Category Global Real Estate
Lipper Classification Global Real Estate Funds
CUSIP 091936195
Max Offer Price as of Oct 21, 2021 $11.64
Open to New Investors Yes
Turnover Percent in the Annual Report 7%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Sep 30, 2021 379
P/CF Ratio as of Sep 30, 2021 19.35
P/B Ratio as of Sep 30, 2021 1.57
Alpha (3y) as of Sep 30, 2021 0.05
Average Market Cap (Millions) as of Sep 30, 2021 $ 20,805.7 M
R-Squared (3y) as of Sep 30, 2021 99.90
Fund Standard Deviation (3y) as of Sep 30, 2021 19.99
Beta (3y) as of Sep 30, 2021 1.00
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2021 16.01%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -28.36%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

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 Oct 07, 2021 BBB
MSCI ESG Quality Score (0-10) as of Oct 07, 2021 4.9
MSCI ESG Quality Score - Peer Percentile as of Oct 07, 2021 44.96%
MSCI ESG % Coverage as of Oct 07, 2021 97.44%
Fund Lipper Global Classification as of Oct 07, 2021 Equity Sector Real Est Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Oct 07, 2021 94.11
Funds in Peer Group as of Oct 07, 2021 347
All data is from MSCI ESG Fund Ratings as of Oct 07, 2021, based on holdings as of Aug 31, 2021. 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 Sep 30, 2021 0.00%
MSCI - UN Global Compact Violators as of Sep 30, 2021 0.00%
MSCI - Nuclear Weapons as of Sep 30, 2021 0.00%
MSCI - Thermal Coal as of Sep 30, 2021 0.00%
MSCI - Civilian Firearms as of Sep 30, 2021 0.00%
MSCI - Oil Sands as of Sep 30, 2021 0.00%
MSCI - Tobacco as of Sep 30, 2021 0.00%

Business Involvement Coverage as of Sep 30, 2021 97.83%
Percentage of Fund not covered as of Sep 30, 2021 2.17%
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.

Fees

Fees

Gross Expense Ratio 0.20%
Net Expense Ratio 0.20%

Net Expense Ratio excluding Investment Related Expenses is 0.20%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Lipper Leader

 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Sep 30, 2021 out of 160, 12,232, 160, 84 and 160 Funds, respectively in Lipper's Global Real Estate Funds classification.

Holdings

Holdings

as of Sep 30, 2021
Name Weight (%)
PROLOGIS INC 4.89
EQUINIX INC 3.74
PUBLIC STORAGE 2.37
SIMON PROPERTY GROUP INC 2.24
DIGITAL REALTY TRUST INC 2.14
Name Weight (%)
WELLTOWER INC 1.84
VONOVIA SE 1.83
AVALONBAY COMMUNITIES INC 1.62
EQUITY RESIDENTIAL 1.58
ALEXANDRIA REAL ESTATE EQUITIES INC 1.56

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2021

% 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.

Portfolio Managers

Portfolio Managers

Alan Mason
Head of Americas ETF and Index Investment

   

Jennifer Hsui
Jennifer Hsui
Amy Whitelaw
Head of Americas iShares Equity Portfolio Management

  

Suzanne Henige
Suzanne Henige
Portfolio Manager