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.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
1.0 B
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 08, 2014 |
| Assets (mns) | $1,016 |
| 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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 4.6 % |
| MICROSOFT CORP | 4.2 % |
| APPLE INC | 3.8 % |
| AMAZON.COM INC | 2.6 % |
| META PLATFORMS INC | 1.9 % |
| BROADCOM INC. | 1.5 % |
| ALPHABET INC. CLASS A | 1.3 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 1.2 % |
| TESLA MOTORS INC | 1.1 % |
| JPMORGAN CHASE & CO | 1.0 % |
Constituent Breakdown
| Number of holdings | 981 |
| Herfindahl-Hirschman Index | 87 |
| Wgt avg mkt cap (mns) | $691,854 |
| Large cap (>$10bn) | 93.1% |
| Mid cap ($2-10bn) | 4.6% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 88.1% |
| Emerging mkts. | 10.2% |
Country Exposure
 |
UNITED STATES | 62.4 % |
 |
JAPAN | 4.8 % |
 |
CANADA | 2.8 % |
 |
BRITAIN | 2.8 % |
 |
CHINA | 2.7 % |
 |
SWITZERLAND | 2.3 % |
 |
FRANCE | 2.3 % |
 |
TAIWAN | 2.1 % |
 |
GERMANY | 2.0 % |
 |
INDIA | 1.6 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.4% | 15.6% | 16.4% | 15.7% | 11.9% | 8.1% | -- | 7.8% |
| Dividend Yield | 0.0% | 0.0% | 1.1% | 1.5% | 1.6% | 2.0% | -- | 2.0% |
| Total Returns | 9.4% | 15.6% | 17.5% | 17.1% | 13.5% | 10.0% | -- | 9.8% | Ann. Volatility | 22.1% | 18.4% | 15.1% | 16.2% | 16.4% | 17.1% | -- | 17.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 97% |
| MSCI EAFE | 0.78 | 68% |
| MSCI Emg Mkts | 0.62 | 45% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| Recent close | $211.58 |
| 30d moving avg. | $206.30 |
| Annualized volatility | 15.6% |
| Relative strength (RSI) | 64 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| ACWI | iShares MSCI ACWI ETF | 71.5% | +12 bp | +5.7% |
| URTH | iShares MSCI World ETF | 69.9% | +4 bp | +5.2% |
| KLMT | Invesco MSCI Global Climate 500 ETF | 69.9% | -10 bp | +5.9% |
| TOK | iShares MSCI Kokusai ETF | 68.4% | +6 bp | +5.1% |
| KOKU | Xtrackers MSCI Kokusai Equity ETF | 66.2% | -11 bp | +5.3% |
| NZAC | SPDR MSCI ACWI Climate Paris Aligned ETF | 66.0% | -8 bp | +5.3% |
| VT | Vanguard Total World Stock ETF | 63.7% | -14 bp | +6.0% |
| SPGM | SPDR Portfolio MSCI Global Stock Market ETF | 59.1% | -11 bp | +5.9% |
| PBUS | Invesco MSCI USA ETF | 58.3% | -16 bp | +5.0% |
| ILCB | iShares Morningstar U.S. Equity ETF | 58.2% | -17 bp | +4.9% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 7/8/2025
Peer Group Comparison Sample data. Subscribe for access.
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
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
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.
ALTAR Score™
CRBN
5.8%
Cat. Avg
4.5%
ALTAR Score™ Calculation
Category Overview
There are 372 funds in the Global Equity category, with an average ALTAR Score™
of 4.5% and a standard deviation of
3.4%. CRBN's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places CRBN in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CRBNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| (20 bp) Percentile rank | 3 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CRBN | 20.0 | 0.0 | 20 |
| Peer Avg. | 40.3 | 20.5 | 60.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .