ETF PROAI
PABDISharesINDEX

iShares Paris-Aligned Climate MSCI World ex USA ETF

$70.99+0.51% today
617252-WK
Price & daily flows
69.466.363.170.99DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET +$183M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$4M of net buying over the past month, about 1.2% of the fund's asset base, while the price has returned +9.0% so far this year. At 0.12% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$340Massets under management
0.12%expense ratio · $12 per $10,000 a year
+$4Mnet flow, trailing month
883avg daily volume, 30 days
453holdings
2024listed January 16, 2024 · beta 0.99
The book at a glance
ASML-2.8%H+2.4%RY-2.5%DTE-0.7%TRN-0.2%ROP+3.3%AZN+3.0%GSK+3.4%TD-3.0%SAP+2.4%L-1.1%AV.-2.1%SAN-0.5%WPM+11.1%AEM+11.1%SHOP+0.0%CM-3.1%CLAR+3.0%MFC-1.4%HLNBBVAFER+2.0%NWG-1.8%DGSLF-1.1%SUNB+1.3%WES-1.6%BMO

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1SPXS&P 500 Index0.12%$7707.98+0.2%
2VCXFundrise Innovation Fund0.33%$40.65-1.5%
3AIAISHARES ASIA 50 ETF0.19%$137.13+1.4%
4SIGSIGNET JEWELERS0.11%$85.24+0.6%
5ASMLASML HOLDING NV3.15%$1751.73-2.8%
6HHYATT HOTELS0.65%$183.01+2.4%
7RYROYAL BANK OF CANADA1.59%$207.62-2.5%
8DTEDTE ENERGY0.34%$139.18-0.7%
9TRNTRINITY INDUSTRIES0.55%$29.62-0.2%
10ROPROPER TECHNOLOGIES1.38%$407.32+3.3%
11SGPSPYGLASS PHARMA INC0.13%$27.23+5.4%
12AZNASTRAZENECA1.11%$164.95+3.0%
13GSKGSK0.54%$52.88+3.4%
14TDTORONTO DOMINION BANK1.10%$118.35-3.0%
15SAPSAP SE0.98%$215.60+2.4%

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Sector weights
Financials30.93%
Industrials16.14%
Information Technology12.54%
Health Care12%
Real Estate6.04%
Consumer Discretionary5.86%
Materials5%
Utilities4.37%
Consumer Staples3.91%
Communication2.56%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Japan18.46%
Canada13.85%
United Kingdom10.2%
Switzerland9.88%
France8.24%
Germany5.92%
Australia5.69%
Netherlands4.89%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-1.0%
1 month+4.3%
3 months+6.0%
6 months+2.9%
YTD+9.0%
1 year+14.9%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$4M
1 month+$4M
3 months+$10M
YTD+$18M
1 year+$78M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
14%realized volatility, 30 days (annualized)
16%realized volatility, 1 year
-12.6%deepest fall from a peak, 1 year
-1.0%where it sits vs. that peak today

The top holding is 3.1% of the book; the top ten carry 13%. Spread across 250+ names, it behaves like roughly 84 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against PABD

Due diligence cuts both ways. These funds sit on the same shelf and beat PABD on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-7bp on fee · 378× the assets · +$547M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-8bp on fee · 96× the assets · +$104M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-8bp on fee · 69× the assets · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-8bp on fee · 55× the assets · +$312M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$193.2B+$631M-5bp on fee · 569× the assets · +$631M in over the monthHead-to-head
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