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iShares MSCI ACWI Low Carbon Target ETF CRBN:NYSE Arca

Last Price Today's Change Today's Volume Schwab Report CardSchwab Report Card
$179.34 -0.0106 (-0.01%) 2,427 Above Avg. 
As of 9:47 am ET 03/28/2024

Fund Performance

 

Fund Strategy

The investment seeks to track the investment results of the MSCI ACWI Low Carbon Target Index. The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to address two dimensions of carbon exposure - carbon emissions and potential carbon emissions from fossil fuel reserves.

Additional Information
Additional Information

Holdings: ETFs offer investors an interest in a portfolio of securities and other underlying assets and are therefore quite similar to mutual funds. One unique ETF feature is transparency, allowing investors to see the underlying portfolio securities on a daily basis.

:
Details as of 9:47 am ET 03/28/2024
Today's Open$179.30
Previous Close$179.3506
Day's Range$179.16 - $179.34
52 Week Range$143.221 - $180.20
Closing NAV 03/27/2024$179.47
Premium/Discount 03/27/2024-0.07%
Avg. Volume (10 Day)6,292
Put/Call Ratio (1 Day)--
Put/Call Ratio (30 Day)--
Distributions & Yields
Previous Dividend Payment$1.8352
Previous Pay DateDec 27, 2023
Previous Ex-DateDec 20, 2023
Distribution Yield TTM  
Distribution Yield is the Trailing 12-Month End Yield - Morningstar computes this figure by summing the trailing 12-month's income distributions and dividing the sum by the last month's ending Net Asst Value (NAV), plus capital gains distributed over the same time period. Income refers only to interest payments from fixed-income securities and dividend payments from common stocks.

Calculated at month end:
Income

(NAV + Capital Gains)

x 100%

1.91%
SEC Yield (30 Day)1.57%
Fund Profile
Fund TypeExchange Traded FundTotal Assets$907.9M
Inception12/08/2014Gross Expense Ratio0.20%
Total Holdings1252Net Expense Ratio0.20%
 
Leveraged Exchange Traded Products

Leveraged ETPs (exchange-traded products) typically use derivatives to attempt to multiply the returns of the underlying index each day. These securities trade much differently than other ETPs. They have the propensity to be more volatile and are inherently riskier than their non-leveraged counterparts. It is important to remember that these securities are generally designed for daily use only, and are generally not intended to be held overnight, because their returns over longer periods generally do not match the ETP’s multiple of the underlying index over those periods. These funds are not appropriate for most investors.


Leveraged Closed-end Funds

Funds that borrow money to purchase more assets in this way will generally move up more than the market when the market rises and move down farther than the market when the market falls. Bond funds that use leverage have the potential to increase the amount of income that they pay out, but at the cost of larger drops in value during a falling market. Leverage inherently increases the level of risk in a portfolio.

NoPortfolio Turnover19%
 
For ETFs, this refers to the number of times the fund is long or short the index to explain its leverage factor. For example,
-300 means that the ETF is short 3 times the index.
-- 
ESG Fund

Environmental, Social, and Governance (ESG) is the industry term Schwab has chosen to use as an umbrella term to describe various investing approaches that consider not only traditional measures of risk and return, but environmental, social, and corporate governance (ESG) factors as well. Schwab uses ESG to broadly encompass ESG investing , but also investing approaches described as "values-based investing," "impact investing," "sustainable investing," and other approaches. An ESG product may apply ESG factors to its investment or governance processes in many different ways. A product that employs ESG strategies may choose to focus on one or more ESG factors, though an ESG product may also include securities that don't fit any ESG category. The information displayed utilizes the Morningstar "Sustainable Investment - Overall" datapoint. Click here to learn more about ESG at Schwab.

0222-22DC

Yes
Fund CompanyiSharesActive Semi-transparent 
Active Semi-transparent ETFs

Active semi-transparent ETFs reveal full portfolio holdings only on a monthly or quarterly basis, not daily like traditional ETFs. There are different degrees of transparency as some firms will not disclose any daily holdings and others will reveal holdings daily, but shield certain positions and weights. Certain active semi-transparent ETFs may not be available for purchase or custody at Schwab.

1120-0XLE

No
Morningstar Category 
Global large-stock blend portfolios invest in a variety of international stocks and typically skew towards large caps that are fairly representative of the global stock market in size, growth rates, and price. Global large stock blend portfolios have few geographical limitations. It is common for these portfolios to invest the majority of their assets in developed markets, with the remainder divided among the globe�s emerging markets. These portfolios are not significantly overweight U.S. equity exposure relative to the Morningstar Global Market Index and maintain at least a 20% absolute U.S. exposure.
Global Large-Stock Blend 

Buffer ETFs provide investors with the opportunity to participate in the upside of an asset’s risk while giving investors some level of downside protection during a stated outcome period (typically one year). An upside return cap represents the maximum percentage of return an investor can achieve, and an investor will not participate in any excess returns above the cap. Buffer ETFs may limit an investor’s losses up to an ETF’s stated buffer limit; however, in the event of a decline in the underlying investments in excess of the buffer limit, the investor can experience those losses. Return cap and downside buffer levels for a Buffer ETF are established at the beginning of each outcome period and will likely differ from the prior outcome period. Buffer ETFs invest primarily in FLexible EXchange (“FLEX”) options to employ a structured or defined outcome strategy.

0721-13DB

No
 
Inverse

Inverse ETPs (exchange-traded products) typically use derivatives to attempt to move in the opposite direction of the underlying index by a certain multiple each day. They generally have either a negative number like –1x or –2x or a term like “short” or “inverse” in their names. These securities trade much differently than other ETPs. They have the propensity to be more volatile and are inherently riskier than their non-inverse counterparts. It is important to remember that these securities are designed for daily use only, and are not intended to be held overnight, because their returns over longer periods generally do not match the ETP’s negative multiple of the underlying index over longer periods. These funds are not appropriate for most investors.

No  
Quarterly Total Return as of 12/31/2023
 Annualized
Trend
1,5,10 Year
Annualized Returns
Description1 Year5 Year10 YearInception
12/2014
CRBN Market Price
+22.3%+12.1%--+8.4%
CRBN NAV
+22.3%+11.9%--+8.4%
Global Large-Stock BlendMorningstar Category
+18.1%+10.6%+7.2%--
MSCI ACWI NR USDBroad-Based Index
+22.2%+11.7%+7.9%+6.1%
MSCI ACWI NR USDBest Fit Index
+22.2%+11.7%+7.9%+6.1%
Datasource: Morningstar
All performance periods are based on closing daily prices.
View Performance

Top 10 Holdings as of 03/25/2024

Symbol
Description
% of Net Assets
Sector
YTD
Chg. %
MSFTMicrosoft Corp
  • 4.1%
Information T...+12.1%
AAPLApple Inc
  • 3.8%
Information T...-10.0%
NVDANVIDIA Corp
  • 3.3%
Information T...+82.2%
AMZNAmazon.com Inc
  • 2.3%
Consumer Disc...+18.4%
METAMeta Platforms Inc Class A
  • 1.6%
Communication Services+39.5%
GOOGLAlphabet Inc Class A
  • 1.3%
Communication...+8.0%
GOOGAlphabet Inc Class C
  • 1.1%
Communication...+7.8%
AVGOBroadcom Inc
  • 0.9%
Information T...+18.1%
--Taiwan Semiconductor Manufacturing Co L...
  • 0.9%
Information Technology--
LLYEli Lilly and Co
  • 0.9%
Health Care+33.5%
% of portfolio in top 10 holdings: 20.13%
View Portfolio, All Holdings

Investment Style & Rating

Morningstar Investment Style

Large
MidMarket Cap
Small
ValueBlendGrowth
Investment Style
Style Box is calculated only using the long position holdings of the portfolio.
Global Large-Stock Blend
Global large-stock blend portfolios invest in a variety of international stocks and typically skew towards large caps that are fairly representative of the global stock market in size, growth rates, and price. Global large stock blend portfolios have few geographical limitations. It is common for these portfolios to invest the majority of their assets in developed markets, with the remainder divided among the globe�s emerging markets. These portfolios are not significantly overweight U.S. equity exposure relative to the Morningstar Global Market Index and maintain at least a 20% absolute U.S. exposure.

Morningstar Rating Rating as of 02/29/24

Overall Rating
Out of 338 Funds
3 Year Rating
Out of 338 Funds
5 Year Rating
Out of 300 Funds

10 Year Rating is not available for CRBN

Historic Return
Above Average
Historic Risk
Average

Past performance is no guarantee of future results. The ratings reflect historical risk-adjusted performance, and the overall rating is derived from a weighted average of the fund's 3, 5 and 10 year (Morningstar Rating) metrics.

 
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Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).

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The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Morningstar Ratings do not take into account sales loads that may apply to certain third party funds. The Overall Morningstar Ratings are derived from a weighted average of the risk adjusted performance figures associated with a Fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics.

Leveraged ETPs (Exchanged Traded Products, such a ETFs and ETNs), seek to provide a multiple of the investment returns of a given index or benchmark on a daily basis. Inverse ETPs seek to provide the opposite of the investment returns, also daily, of a given index or benchmark, either in whole or by multiples. Due to the effects of compounding and possible correlation errors, leveraged and inverse products may experience greater losses than one would ordinarily expect. Compounding can also cause a widening differential between the performances of an ETP and its underlying index or benchmark, so that returns over periods longer than one day can differ in amount and direction from the target return of the same period. Consequently, these ETPs may experience losses even in situations where the underlying index or benchmark has performed as hoped. Aggressive investment techniques such as futures, forward contracts, swap agreements, derivatives, options, can increase ETP volatility and decrease performance. Investors holding these ETPs should therefore monitor their positions as frequently as daily. To find out more about trading Leveraged and Inverse Products, please read Leveraged and Inverse Products: What you need to know.

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Environmental, social and governance (ESG) strategies implemented by mutual funds, exchange-traded funds (ETFs), and separately managed accounts are currently subject to inconsistent industry definitions and standards for the measurement and evaluation of ESG factors; therefore, such factors may differ significantly across strategies. As a result, it may be difficult to compare ESG investment products. Further, some issuers may present their investment products as employing an ESG strategy, but may overstate or inconsistently apply ESG factors. An investment product's ESG strategy may significantly influence its performance. Because securities may be included or excluded based on ESG factors rather than other investment methodologies, the product's performance may differ (either higher or lower) from the overall market or comparable products that do not have ESG strategies. Environmental ("E") factors can include climate change, pollution, waste, and how an issuer protects and/or conserves natural resources. Social ("S") factors can include how an issuer manages its relationships with individuals, such as its employees, shareholders, and customers as well as its community. Governance ("G") factors can include how an issuer operates, such as its leadership composition, pay and incentive structures, internal controls, and the rights of equity and debt holders. Carefully review an investment product's prospectus or disclosure brochure to learn more about how it incorporates ESG factors into its investment strategy.

(0811-4794, 0813-5488, 1016-N2DC, 1017-7KFC, 1019-95HX, 0620-0EYJ, 0721-13DB, 0821-1ET8, 1221-1CZU, 0222-1024, 0222-22DC, 1222-26L0)