CRBN
iShares MSCI ACWI Low Carbon Target ETF
iShares MSCI ACWI Low Carbon Target ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities with a lower carbon exposure than that of the broad market.
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 08, 2014 |
| Assets (mns) | $1,166 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 3.6 % |
| MICROSOFT CORP | 3.2 % |
| AMAZON.COM INC | 2.1 % |
| ALPHABET INC. CLASS C | 1.2 % |
| ALPHABET INC. CLASS A | 1.2 % |
| 1.1 % | |
| TESLA MOTORS INC | 1.0 % |
| NVIDIA CORP | 0.8 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 0.8 % |
| JPMORGAN CHASE & CO | 0.7 % |
Constituent Breakdown
| Number of holdings | 1343 |
| Herfindahl-Hirschman Index | 49 |
| Wgt avg mkt cap (mns) | $365,581 |
| Large cap (>$10bn) | 93.1% |
| Mid cap ($2-10bn) | 5.9% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 89.0% |
| Emerging mkts. | 11.0% |
Country Exposure
 |
UNITED STATES | 57.4 % |
 |
JAPAN | 5.8 % |
 |
BRITAIN | 4.0 % |
 |
CHINA | 4.0 % |
 |
CANADA | 3.3 % |
 |
SWITZERLAND | 2.7 % |
 |
GERMANY | 2.3 % |
 |
FRANCE | 2.2 % |
 |
AUSTRALIA | 1.8 % |
 |
TAIWAN | 1.6 % |
Historical Performance
Standardized Annual Returns (as of 09/30/2021)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 11.2% | 27.2% | 19.0% | 13.2% | 13.3% | -- | 10.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 97% |
| MSCI EAFE | 0.97 | 94% |
| MSCI Emg Mkts | 0.76 | 74% |
Liquidity Measures
| Avg. volume (000) | 26 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $413,510 |
Technical Indicators
| Recent close | $172.95 |
| 30d moving avg. | $168.24 |
| Annualized volatility | 18.3% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CRBN |
Expenses vs. CRBN |
ALTAR Score™ vs. CRBN |
|---|---|---|---|---|
| LOWC | SPDR MSCI ACWI Low Carbon Target ETF | 90.0% | 0 bp | +0.1% |
| ACWI | iShares MSCI ACWI ETF | 83.2% | +12 bp | -0.1% |
| URTH | iShares MSCI World ETF | 79.5% | +4 bp | -0.3% |
| TOK | iShares MSCI Kokusai ETF | 76.2% | +5 bp | -0.5% |
| KOKU | Xtrackers MSCI Kokusai Equity ETF | 75.5% | -11 bp | -0.3% |
| VT | Vanguard Total World Stock ETF | 72.4% | -12 bp | +0.1% |
| SPGM | SPDR Portfolio MSCI Global Stock Market ETF | 58.8% | -11 bp | 0.0% |
| ILCB | iShares Morningstar U.S. Equity ETF | 58.3% | -17 bp | -0.6% |
| SCHX | Schwab U.S. Large-Cap ETF | 58.2% | -17 bp | -0.6% |
| SCHK | Schwab 1000 Index ETF | 58.1% | -15 bp | -0.6% |
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Results & Estimates
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021E | 2022E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2020 | 2021E | Fwd Est | 2022E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/26/2021
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CRBN
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CRBN
5.2%
Cat. Avg
3.2%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.2% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 252 funds in the Global Equities category, with an average ALTAR Score™
of 3.2% and a standard deviation of
3.9%. CRBN's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places CRBN in the 69th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CRBN
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CRBN | 20.0 | 13.4 | 33.4 |
| Peer Avg. | 18.1 | 11.4 | 29.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .