ERET

iShares Environmentally Aware Real Estate ETF

ERET tracks an index of real estate companies from developed markets weighted based on a target exposure to green certification, energy efficiency, and level of carbon emission intensity.


International

EQUITY

Rules-Based

MANAGEMENT STYLE

9.8 M

ASSETS UNDER MGMT

30 bp

EXPENSES
Fund Basics
Fund sponsorBlackrock
CategoryInternational
Asset classEquity
Websitelink...
Inception dateNov 17, 2022
Assets (mns)$10
Expense ratio30 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionPrinciples-based
WeightingPrinciples-based
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
PROLOGIS INC 5.2 %
REALTY INCOME CORP 4.7 %
EQUINIX INC 3.9 %
WELLTOWER, INC. 3.8 %
PUBLIC STORAGE 3.2 %
SIMON PROPERTY GROUP INC 3.0 %
DIGITAL REALTY TRUST INC 2.8 %
EXTRA SPACE STORAGE INC 2.1 %
GOODMAN GROUP 2.1 %
VICI PROPERTIES INC 2.0 %
Constituent Breakdown
Number of holdings359
Herfindahl-Hirschman Index 157
Wgt avg mkt cap (mns)$25,160
Large cap (>$10bn)62.7%
Mid cap ($2-10bn)29.7%
Small cap (<$2bn)7.6%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 63.1 %
JAPAN 8.2 %
AUSTRALIA 5.1 %
BRITAIN 3.8 %
SINGAPORE 3.1 %
HONG KONG 2.5 %
GERMANY 1.9 %
CANADA 1.9 %
SWEDEN 1.5 %
FRANCE 1.3 %
Historical Performance


Standardized Performance (as of 10/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 2.6% 23.8% -- -- -- -- 5.3%
Volatility 13.8% 15.6% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.1658%
MSCI EAFE1.1174%
MSCI Emg Mkts1.0455%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.37%
ADV of underlying (mns)$9,368
Technical Indicators
Recent close$27.18
30d moving avg.$28.22
Annualized volatility18.3%
Relative strength (RSI)46
Short interest (ETF)0.1%
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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Risk and Returns: ERET 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.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
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
  2023 2024E Fwd Est 2025E
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 --%
4.7 15.7 1.2 4.2% --
Based on closing prices from 11/6/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ERET



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 Rating

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

ERET

6.4%

Cat. Avg

7.2%


ALTAR Score™ Calculation

Category Overview
There are 260 funds in the International Equity category, with an average ALTAR Score™ of 7.2% and a standard deviation of 2.6%. ERET's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places ERET in the 38th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

ERET
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
International Equity ETFs
# of ETFs 152
Avg. Expense Ratio 42.9 bp
Std. Deviation 24.3 bp
ERET (30 bp) Percentile rank 30
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ERET 30.0 36.7 66.7
Peer Avg. 42.8 29.2 72.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .