Key stats
About iShares Paris-Aligned Climate Optimized 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
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
ISIN
US46438G7299
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. Prior to June 2, 2025 the fund name did not include the reference to the ESG score being optimized.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Health Technology
Stocks99.08%
Finance34.54%
Health Technology12.08%
Producer Manufacturing8.24%
Electronic Technology7.17%
Technology Services5.91%
Consumer Non-Durables5.88%
Transportation3.48%
Retail Trade3.39%
Non-Energy Minerals3.18%
Utilities2.78%
Consumer Durables2.58%
Commercial Services2.26%
Process Industries2.15%
Industrial Services2.08%
Communications1.74%
Consumer Services0.80%
Miscellaneous0.52%
Distribution Services0.28%
Health Services0.02%
Bonds, Cash & Other0.92%
Cash0.77%
UNIT0.16%
Stock breakdown by region
Europe58.16%
Asia21.37%
North America13.34%
Oceania6.37%
Middle East0.75%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PABD invests in stocks. The fund's major sectors are Finance, with 34.54% stocks, and Health Technology, with 12.08% of the basket. The assets are mostly located in the Europe region.
PABD top holdings are ASML Holding NV and SAP SE, occupying 1.55% and 1.45% of the portfolio correspondingly.
PABD last dividends amounted to 0.70 USD. Six months before that, the issuer paid 0.76 USD in dividends, which shows a 7.62% decrease.
PABD assets under management is 222.34 M USD. It's risen 9.08% over the last month.
PABD fund flows account for 150.74 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PABD pays dividends to its holders with the dividend yield of 2.33%. The last dividend (Jun 20, 2025) amounted to 0.70 USD. The dividends are paid semi-annually.
PABD shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Jan 17, 2024, and its management style is Passive.
PABD expense ratio is 0.12% meaning you'd have to pay 0.12% of your investment to help manage the fund.
PABD follows the MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PABD invests in stocks.
PABD price has risen by 3.48% over the last month, and its yearly performance shows a 8.58% increase. See more dynamics on PABD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.32% over the last month, showed a 4.51% increase in three-month performance and has increased by 21.34% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.32% over the last month, showed a 4.51% increase in three-month performance and has increased by 21.34% in a year.
PABD trades at a premium (0.40%) meaning the ETF is trading at a higher price than the calculated NAV.