Key stats
About iShares Paris-Aligned Climate MSCI World ex USA ETF
Home page
Inception date
Jan 17, 2024
Structure
Open-Ended Fund
MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
PABD employs a climate-conscious strategy, focusing on large- and mid-cap stocks in developed markets excluding the US. The fund selects companies positioned favorably for the transition to a low-carbon economy. It begins by excluding stocks from the MSCI ex USA Index involved in civilian firearms, controversial weapons, nuclear weapons, oil and gas, oil sands, power generation, thermal coal mining, and tobacco. Remaining companies are screened based on categorical and threshold-based criteria across five ESG impact categories: environment, human rights and communities, labor rights and supply chain, customers, and governance. Additional constraints include lowering carbon intensity, minimizing physical risk exposure, and boosting green revenue. The fund prioritizes securities based on their potential to decrease greenhouse gas intensity. An optimizer is used to keep sector exposure within +/- 5% of the parent index, excluding the energy sector. The index is rebalanced semi-annually.
Classification
What's in the fund
Exposure type
Finance
Health Technology
Stock breakdown by region
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