Equity

MDIIX

iShares MSCI EAFE International Index Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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  1y 3y 5y 10y
-0.04 7.17 6.27 5.77
Benchmark (%) 1.16 7.78 6.72 6.27
Morningstar Category Avg. (%) -10.28 4.02 4.37 5.34
Morningstar Ranking 253/766 429/704 337/611 202/412
Morningstar Quartile 2 3 3 3
Lipper Category Avg. (%) -0.89 7.91 6.09 5.14
Lipper Ranking 143/345 166/316 120/273 83/164
Lipper Quartile 2 3 2 3
  YTD 1m 3m 1y 3y 5y 10y
-6.86 -0.14 -6.86 -0.04 23.08 35.53 75.20
Benchmark (%) -5.91 0.64 -5.91 1.16 25.22 38.41 83.74
Morningstar Category Avg. (%) -12.76 -6.17 -9.41 -10.28 23.31 35.46 76.62
Lipper Category Avg. (%) -6.74 -0.39 -6.74 -0.89 25.88 34.67 66.28
  2017 2018 2019 2020 2021
Total Return (%) 24.84 -13.57 21.53 7.68 11.01
Benchmark (%) 25.03 -13.79 22.01 7.82 11.26
Morningstar Category Avg. (%) 25.12 -14.59 21.59 9.30 9.72
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets as of May 20, 2022 $352,490,250
Net Assets of Fund as of May 20, 2022 $7,872,766,977
Share Class launch date Apr 09, 1997
Asset Class Equity
Benchmark Index MSCI EAFE Index (Net Total Return)
Distribution Frequency Semi-Annual
Morningstar Category Foreign Large Blend
Lipper Classification International Multi-Cap Core
CUSIP 09253F309
Max Offer Price as of May 20, 2022 $13.50
Open to New Investors Yes
Turnover Percent in the Annual Report 3%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Apr 29, 2022 829
P/E Ratio as of Apr 29, 2022 14.44
P/B Ratio as of Apr 29, 2022 1.78
Alpha (3y) as of Apr 30, 2022 -0.05
Average Market Cap (Millions) as of Apr 29, 2022 $ 78,966.8 M
R-Squared (3y) as of Apr 30, 2022 98.73
Fund Standard Deviation (3y) as of Apr 30, 2022 17.79
Beta (3y) as of Apr 30, 2022 1.00
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2021 18.93%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -23.37%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of May 06, 2022 AAA
MSCI ESG % Coverage as of May 06, 2022 97.21%
MSCI ESG Quality Score (0-10) as of May 06, 2022 9.0
MSCI ESG Quality Score - Peer Percentile as of May 06, 2022 67.01%
Fund Lipper Global Classification as of May 06, 2022 Equity Global ex US
Funds in Peer Group as of May 06, 2022 870
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of May 06, 2022 118.12
MSCI Weighted Average Carbon Intensity % Coverage as of May 06, 2022 96.01%
MSCI Implied Temperature Rise (0-3.0+ °C) as of May 06, 2022 > 2.5° - 3.0° C
MSCI Implied Temperature Rise % Coverage as of May 06, 2022 95.65%

What is the Implied Temperature Rise (ITR) metric? Learn what the metric means, how it is calculated, and about the assumptions and limitations for this forward-looking climate-related metric.

Climate change is one of the greatest challenges in human history and will have profound implications for investors. To address climate change, many of the world's major countries have signed the Paris Agreement. The temperature goal of the Paris Agreement is to limit global warming to well below 2°C above pre-industrial levels, and ideally 1.5 °C, which will help us avoid the most severe impacts of climate change.


What is the ITR metric?

The ITR metric is used to provide an indication of alignment to the temperature goal of the Paris Agreement for a company or a portfolio. Scientific consensus suggests that reducing emissions until they reach net zero around mid-century (2050-2070) is how this goal could be met. A net zero emissions economy is one that balances emissions and removals.


How is the ITR metric calculated?

The ITR metric is calculated by looking at the current emissions intensity of companies within the fund's portfolio as well as the potential for those companies to reduce its emissions over time. If emissions in the global economy followed the same trend as the emissions of companies within the fund's portfolio, global temperatures would ultimately rise within this band.


Note, only corporate issuers are covered within the calculation. A summary explanation of MSCI’s methodology and assumptions for its ITR metric can be found here.


Because the ITR metric is calculated in part by considering the potential for a company within the fund’s portfolio to reduce its emissions over time, it is forward-looking and prone to limitations. As a result, BlackRock publishes MSCI’s ITR metric for its funds in temperature range bands. The bands help to underscore the underlying uncertainty in the calculations and the variability of the metric.

Thermometer-style chart of yellow to red temperature bands showing an investment’s position relative to the Paris Agreement temperature goals. Metric data source MSCI

What are the key assumptions and limitations of the ITR metric?

This forward-looking metric is calculated based on a model, which is dependent upon multiple assumptions. Also, there are limitations with the data inputs to the model. Importantly, an ITR metric may vary meaningfully across data providers for a variety of reasons due to methodological choices (e.g., differences in time horizons, the scope(s) of emissions included and portfolio aggregation calculations).

There is not a universally accepted way to calculate an ITR. There is not a universally agreed upon set of inputs for the calculation. At present, availability of input data varies across asset classes and markets. To the extent that data becomes more readily available and more accurate over time, we expect that ITR metric methodologies will evolve and may result in different outputs. Where data is not available, and / or if data changes, the estimation methods vary, particularly those related to a company’s future emissions.


The ITR metric estimates a fund’s alignment with the Paris Agreement temperature goal. However, there is no guarantee that these estimates will be reached. The ITR metric is not a real time estimate and may change over time, therefore it is prone to variance and may not always reflect a current estimate.


The ITR metric is not an indication or estimate of a fund’s performance or risk. Investors should not rely on this metric when making an investment decision and instead should refer to a fund’s prospectus and governing documents. This estimate and the associated information is not intended as a recommendation to invest in any fund, nor is it intended to indicate any correlation between a fund’s ITR metric and its future investment performance.

All data is from MSCI ESG Fund Ratings as of May 06, 2022, based on holdings as of Oct 31, 2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Apr 29, 2022 0.00%
MSCI - UN Global Compact Violators as of Apr 29, 2022 3.01%
MSCI - Nuclear Weapons as of Apr 29, 2022 0.46%
MSCI - Thermal Coal as of Apr 29, 2022 0.11%
MSCI - Civilian Firearms as of Apr 29, 2022 0.41%
MSCI - Oil Sands as of Apr 29, 2022 0.00%
MSCI - Tobacco as of Apr 29, 2022 0.96%

Business Involvement Coverage as of Apr 29, 2022 99.93%
Percentage of Fund not covered as of Apr 29, 2022 0.07%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 3.35% and for Oil Sands 3.07%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Fees

Fees

Gross Expense Ratio 0.34%
Net Expense Ratio 0.34%

Net Expense Ratio excluding Investment Related Expenses is 0.34%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Lipper Leader

 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Apr 30, 2022 out of 312, 12,351, 315, 72 and 315 Funds, respectively in Lipper's International Multi-Cap Core classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Dec 06, 2021)

Holdings

Holdings

as of Apr 29, 2022
Name Weight (%)
NESTLE SA 2.43
ROCHE HOLDING AG 1.83
ASML HOLDING NV 1.59
SHELL PLC 1.40
ASTRAZENECA PLC 1.38
Name Weight (%)
NOVARTIS AG 1.30
NOVO NORDISK A/S 1.29
TOYOTA MOTOR CORPORATION 1.22
LVMH MOET HENNESSY LOUIS VUITTON SE 1.21
BHP GROUP LTD 1.15

Exposure Breakdowns

Exposure Breakdowns

as of Apr 29, 2022

% of Market Value

Type Fund Benchmark Net
as of Apr 29, 2022

% of Market Value

Type Fund Benchmark Net
as of Apr 29, 2022

% of Market Value

Type Fund Benchmark Net
as of Apr 29, 2022

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Paul Whitehead
Paul Whitehead
Suzanne Henige
Suzanne Henige
Jennifer Hsui
Jennifer Hsui
Amy Whitelaw
Head of Americas iShares Equity Portfolio Management

  

Portfolio Manager

Literature

Literature

 

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