iShares MSCI Brazil Small-Cap ETF

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Growth of Hypothetical $10,000

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Record Date Ex-Date Payable Date
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  1y 3y 5y 10y Incept.
31.25 0.31 4.00 0.56 -0.84
Market Price (%) 32.73 0.44 3.96 0.53 -0.86
Benchmark (%) 32.33 1.10 4.80 1.17 -0.26
After Tax Pre-Liq. (%) 29.84 -1.10 2.87 -0.69 -1.93
After Tax Post-Liq. (%) 18.55 -0.35 2.63 -0.14 -1.07
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
31.25 7.92 15.37 2.34 31.25 0.94 21.69 5.76 -10.61
Market Price (%) 32.73 7.97 14.68 1.66 32.73 1.33 21.43 5.40 -10.88
Benchmark (%) 32.33 8.46 15.33 3.68 32.33 3.34 26.40 12.32 -3.37
After Tax Pre-Liq. (%) 29.84 7.24 14.65 1.69 29.84 -3.25 15.22 -6.72 -22.76
After Tax Post-Liq. (%) 18.55 4.72 9.13 1.41 18.55 -1.05 13.88 -1.43 -13.24
  2019 2020 2021 2022 2023
Total Return (%) 50.67 -19.98 -15.81 -8.65 31.25
Market Price (%) 51.41 -20.85 -14.00 -11.23 32.73
Benchmark (%) 52.17 -19.62 -14.94 -8.19 32.33
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.

The ETF total return may appear to diverge from the return of its benchmark. This may be due to the use of systematic fair value. Click here for more information

Key Facts

Key Facts

Net Assets of Fund as of Feb 29, 2024 $247,172,957
Fund Inception Sep 28, 2010
Exchange NASDAQ
Asset Class Equity
Benchmark Index MSCI Brazil Small Cap Index
Bloomberg Index Ticker MSLUBRZN
Shares Outstanding as of Feb 29, 2024 17,500,000
Distribution Frequency Semi-Annual
Premium/Discount as of Feb 29, 2024 -0.31
CUSIP 464289131
Closing Price as of Feb 29, 2024 14.08
Non-FV NAV as of Feb 29, 2024 14.13
30 Day Avg. Volume as of Feb 29, 2024 696,514.00
30 Day Median Bid/Ask Spread as of Feb 29, 2024 0.14%
Daily Volume as of Feb 29, 2024 696,318.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Feb 29, 2024 90
Equity Beta (3y) as of Jan 31, 2024 1.00
30 Day SEC Yield as of Jan 31, 2024 2.97%
12m Trailing Yield as of Jan 31, 2024 2.95%
Standard Deviation (3y) as of Jan 31, 2024 33.46%
P/E Ratio as of Feb 28, 2024 8.72
P/B Ratio as of Feb 28, 2024 1.15
Unsubsidized 30-Day SEC Yield as of Jan 31, 2024 2.97%
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. Learn more

This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the 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 Feb 21, 2024 BBB
MSCI ESG % Coverage as of Feb 21, 2024 97.54%
MSCI ESG Quality Score (0-10) as of Feb 21, 2024 4.4
MSCI ESG Quality Score - Peer Percentile as of Feb 21, 2024 6.67%
Fund Lipper Global Classification as of Feb 21, 2024 Equity Brazil
Funds in Peer Group as of Feb 21, 2024 2,517
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 21, 2024 241.42
MSCI Weighted Average Carbon Intensity % Coverage as of Feb 21, 2024 93.92%
MSCI Implied Temperature Rise (0-3.0+ °C) as of Feb 21, 2024 > 3.0° C
MSCI Implied Temperature Rise % Coverage as of Feb 21, 2024 93.16%

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.

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. ITR employs open source 1.55° C decarbonization pathways derived from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). These pathways can be regional and sector specific and set a net zero target of 2050, in line with GFANZ (Glasgow Financial Alliance for Net Zero) industry standards. We make use of this feature for all GHG scopes. This enhanced ITR model was implemented by MSCI on February 19, 2024.

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. Funds may change bands as methodologies evolve. 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 based on a credibility assessment of stated decarbonization targets. 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