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BKRDX

iShares Developed Real Estate Index Fund

Real Estate

BKRDX

iShares Developed Real Estate Index Fund

Overview

Investment Approach

Seeks to track the investment results of the FTSE EPRA/NAREIT Developed Index, which is composed of real estate equities in developed markets.
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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 13.93 6.19 - - 6.27
Benchmark (%) Index: FTSE EPRA Nareit Developed Index (Net) in USD.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 13.27 5.68 - - 5.83
Morningstar Category Avg. (%) Global Real Estate 9.62 6.27 6.08 13.14 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 32/219 100/196 - - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 1 3 - - -
Lipper Ranking Rankings are based on total return excluding sales charges. 37/178 74/153 - - -
Lipper Quartile Rankings are based on total return excluding sales charges. 1 2 - - -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 14.70 3.68 14.70 13.93 19.73 - - 24.72
Benchmark (%) Index: FTSE EPRA Nareit Developed Index (Net) in USD.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 14.59 3.51 14.59 13.27 18.02 - - 22.85
Morningstar Category Avg. (%) Global Real Estate 14.62 3.67 14.62 9.62 20.01 34.35 243.82 -
  2014 2015 2016 2017 2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. - - 4.33 10.99 -4.75
Benchmark (%) Index: FTSE EPRA Nareit Developed Index (Net) in USD<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. - - 4.06 10.36 -5.63
Morningstar Category Avg. (%) Global Real Estate 11.67 -0.92 1.97 15.12 -7.11
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.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Cum. Fund Perf. Since Inception: 24.72

Source: Lipper. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. Had sales charge been included, returns would have been lower. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Performance for other share classes will vary.

Distributions

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Ex-Date Payable Date Record Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until approximately 60 days following calendar year-end. Income ST Cap Gains LT Cap Gains Return of Capital

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Year Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end. Income ST Cap Gains LT Cap Gains

Past distributions are not indicative of future distributions.
Click here, for the most recent distributions.



Key Facts

Key Facts

Size of Class (Millions) as of Apr 24, 2019 $2,428.8 M
Size of Fund (Millions) as of Apr 24, 2019 $2,471.7 M
Share Class launch date Aug 13, 2015
Asset Class Equity
Morningstar Category Global Real Estate
Lipper Classification Global Real Estate Funds
Benchmark Index FTSE EPRA Nareit Developed Index (Net) in USD
CUSIP 091936187
Distribution Frequency How often a distribution is paid by the fund. The most common distribution frequencies are annually, biannually and quarterly. Quarterly
Number of Holdings as of Mar 29, 2019 337
Max Offer Price as of Apr 24, 2019 $10.73
Open to New Investors Yes
Turnover Percent as of Mar 31, 2019 23%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio The price to earnings ratio is a fundamental measure used to determine if an investment is valued appropriately. Each holdings' P/E is the latest closing price divided by the latest 12 months' earnings per share. Negative earnings are excluded, extraordinary items are excluded, and P/E ratios over 60 are set to 60. as of Mar 29, 2019 15.39
P/B Ratio The price to book (P/B) value ratio is a fundamental measure used to determine if an investment is valued appropriately. The book value of a company is a measure of how much a company's assets are worth assuming the company's debts are paid off. Negative book values are excluded from this calculation and holding price to book ratios over 25 are set to 25. as of Mar 29, 2019 1.47
Average Market Cap (Millions) The average size of the securities the fund invests in. as of Mar 29, 2019 $ 15,532.1 M
Alpha (3y) Compared to FTSE EPRA Nareit Developed Index (Net) in USD.<br/><br/>Alpha is calculated at the portfolio level.<br/><br/>A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund&#39;s alpha. as of Mar 31, 2019 0.04
R-Squared (3y) as of Mar 31, 2019 99.60
Beta (3y) as of Mar 31, 2019 1.00
Best 3-Month Return Over the Last 3 Years 3 months ending Jul 31, 2016 9.22%
Worst 3-Month Return Over the Last 3 Years 3 months ending Oct 31, 2016 -8.91%
Fund Standard Deviation (3y) as of Mar 31, 2019 11.23
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

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 Mar 31, 2019 out of 153, 12,250, 153, 74 and 153 Funds, respectively in Lipper's Global Real Estate Funds classification.

Holdings

Holdings

as of Mar 29, 2019
Name Weight (%)
SIMON PROPERTY GROUP INC 3.57
PROLOGIS INC 2.87
PUBLIC STORAGE 2.06
WELLTOWER INC 1.84
AVALONBAY COMMUNITIES INC 1.76
Name Weight (%)
EQUITY RESIDENTIAL 1.72
VONOVIA SE 1.71
LINK REAL ESTATE INVESTMENT TRUST 1.57
DIGITAL REALTY TRUST INC 1.56
SUN HUNG KAI PROPERTIES LTD 1.55

Exposure Breakdowns

Exposure Breakdowns

as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% 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
Alan Mason
Head of Americas ETF and Index Investment

   

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Alan Mason, Managing Director, is Head of Americas ETF & Index Investments. Mr. Mason's investment team is responsible for Index Equity, iShares Equity, Alternative Beta and Asset Allocation portfolios. Mr. Mason is a member of the EII ExCo, Americas ExCo and Global Human Capital Committees. He is a global sponsor for OUT, the firm's LGBT employee network.

 

Mr. Mason's service with the firm dates back to 1991, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, Mr. Mason served as head of portfolio management and strategy for U.S. transitions, strategist for the Global Index and Markets Group, head of U.S. Asset Allocation, and most recently as head of Global Portfolio Management, Client Solutions. Mr. Mason has led three key growth efforts: developing the U.S. transition capability from a service to a business, growing the key asset allocation product for the firm's U.S. DC platform, LifePath, and building the foundation for key dimensions of the firm's rapidly growing solutions business.

 

Mr. Mason earned a BA degree in music from Baylor University in 1983, summa cum laude, an MA degree in musicology from the University of Louisville in 1989, with honors, and an MA degree in ethnomusicology from University of California Berkeley in 1991. In the same year that Mr. Mason became head of portfolio management for BGI's transitions business, he was advanced to Ph.D. candidacy in ethnomusicology at UC Berkeley, having completed all coursework for the degree and comprehensive doctoral oral examinations with distinction.

Rachel Aguirre
Rachel Aguirre
Jennifer Hsui
Jennifer Hsui
Creighton Jue
Creighton Jue
Greg Savage
Greg Savage
Head of Americas Index Asset Allocation

   

Read More

Greg Savage, CFA, Managing Director, is the Head of the Americas Index Asset Allocation team within BlackRock's ETF and Index Investment Group. He is responsible for overseeing the management of the LifePath Target Date Funds as well as a wide range of fund of funds for both Institutional and Defined Contribution clients. Previously, Greg was the Head of iShares Equity Portfolio Management team within BlackRock's Index Equity team where he was responsible for overseeing the management of the Americas listed iShares equity funds.

 

Mr. Savage's service with the firm dates back to 1999, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI he was a senior portfolio manager and team leader in the iShares Index Equity Portfolio Management Group and was previously a transition manager in the Transition Management Group. Prior to BGI, Mr. Savage worked at Pacific Investment Management Company (PIMCO) from 1997 to 1999 in various roles.

 

Mr. Savage earned a BS degree in Accounting from the University of Colorado at Boulder in 1994.

 

 

Portfolio Manager

Literature

Literature

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