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IPAC

GradeBNew York Stock Exchange Arca

iShares Core MSCI Pacific ETF

Broad Stock Market · IShares · Inception 2014-06-09 · SEC filings

$85.20−1.41 (−1.62%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 86.61 to 85.20. Range 84.89 to 85.63. Use the arrow keys to read each point.$84.80$85.00$85.40$85.6010 AM12 PM2 PM4 PM
Expense ratio
0.09%
Fund size
$2.8B
1Y return
+21.8%
Yield · Last 12 months
3.69%
Holdings
1334
Volume · 30D
0.1M sh
NAV per share
$86.30
52W range
low $71.45high $87.31

The ETF.net IPAC Grade

B

70/ 100

Rank 2 of 7 in Asia-Pacific Region⁠

Confidence Medium

Six-pillar profile for IPAC. Scores out of 100: Cost 77, Risk 61, Mission 82, Tradability 47, Holdings 81, Durability 51. Strongest: Mission (82). Weakest: Tradability (47). No single pillar leads.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 70 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 77
    Category rank2/7 · top 29%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 82
    Category rank4/7 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 61
    Category rank1/7 · top 14%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 47
    Category rank6/7 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 81
    Category rank1/7 · top 14%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 51
    Category rank6/7 · bottom quartile

Graded as of Sep 22, 2026

Our read on IPAC

ETF.net Research

BThe developed Pacific in one line item: roughly 1,400 large, mid and small caps for 0.09% a year, well under the 0.35% median for its international peer group. iShares has run it as a core building block since 2014.

Stated mandate

The fund seeks to track an index of large-, mid-, and small-cap equities from the Pacific region.

Why people hold it

  1. 01Charges 0.09% a year against a 0.35% median for its international cohort. Among its closest-graded peers, only VXUS (0.05%) costs less.
  2. 02Follows the MSCI Pacific Investable Market Index closely, among the tightest index-tracking in its peer group.ishares.com
  3. 03"Investable Market" means small caps ride along with the blue chips: roughly 1,400 holdings rather than a short list of household names.
  4. 04Sits in the top quartile of the broad international funds we grade, with no structural flags on the wrapper and a multi-billion-dollar asset base.

Worth knowing

  1. 01One region, not the world. Broader options like VXUS hold developed and emerging markets across the globe in a single ticker.
  2. 02A Pacific-only mandate rides on a handful of economies and their currencies, a narrower base than a globally spread stock fund.
  3. 03Volume is moderate rather than heavy, so spreads can run wider than the largest international funds, and income arrives once or twice a year.

IPAC Holdings

As of Sep 22, 2026, 3:53 AM
Asset class
Stocks
Holdings
1,334
Top-10 weight
18%
Largest holding
8306.T2.6%

Sectors

  • Financials23.8%
  • Industrials19.2%
  • Technology14.4%
  • Consumer Discr.10.7%
  • Materials8.4%
  • Communication6.4%
  • Health Care5.2%
  • Real Estate4.6%
  • Cons. Staples3.9%
  • Utilities1.8%
  • Energy1.6%

Geography

  • Japan70.64%
  • Australia18.84%
  • Singapore5.01%
  • Hong Kong4.53%
  • New Zealand0.60%
  • Bermuda0.19%
  • China0.13%
  • United States0.03%
  • Other countries (2)0.03%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 90.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0018306.TMITSUBISHI UFJ FINANCIAL GROUP2.59%3,107,500$71M155
002BHP.AXBHP GROUP LTD2.33%1,478,366$64M151
0037203.TTOYOTA MOTOR1.92%2,760,000$53M136
004CBA.AXCOMMONWEALTH BANK OF AUSTRALIA1.92%487,367$53M118
0058316.TSUMITOMO MITSUI FINANCIAL GROUP1.66%1,057,000$46M135
0066501.THITACHI1.64%1,286,300$45M163
0078035.TTOKYO ELECTRON1.59%129,600$44M183
0086857.TADVANTEST1.57%212,800$43M180
0099984.TSOFTBANK GROUP1.57%1,079,900$43M130
0106098.TRECRUIT HOLDINGS LTD1.54%386,000$43M165
0116758.TSONY GROUP1.44%1,694,900$40M162
012285A.TKIOXIA HOLDINGS1.41%111,900$39M142
0138411.TMIZUHO FINANCIAL GROUP1.33%677,020$37M138
014D05.SIDBS GROUP HOLDINGS LTD1.30%597,540$36M139
0151299.HKAIA GROUP1.07%3,007,400$29M154

Showing 1–15 of 1348 holdings

IPAC Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

IPAC$12,181
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. IPAC $12,181. SPY $11,723. Use the arrow keys to read each point.$9,313$10,894$12,474Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for IPAC. Periods over one year show the average yearly return.
PeriodIPAC
Year to date+19.6%
1 month+1.7%
3 months+2.9%
1 year+21.8%
3 years+19.4%per year
5 years+8.5%per year
10 years+8.7%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for IPAC
YearReturn barIPAC
2026 YTD+19.6%
2025+25.2%
2024+6.2%
2023+14.6%
2022−13.7%
2021+3.1%
2020+12.4%

IPAC in the news

ETF.net Research hasn’t filed on IPAC yet — coverage lands here as it’s written.

IPAC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
3.69%Last 12 months
Payout per share
$3.20Last 12 months
Last payment
$0.88 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.64; Dec 19, 2017 $1.14; Jun 19, 2018 $0.72; Dec 18, 2018 $0.78; Jun 17, 2019 $0.82; Dec 16, 2019 $1.15; Jun 15, 2020 $0.58; Dec 14, 2020 $0.50; Jun 10, 2021 $0.81; Dec 13, 2021 $1.56; Dec 30, 2021 $0.21; Jun 9, 2022 $0.95; Dec 13, 2022 $0.53; Jun 7, 2023 $0.78; Dec 20, 2023 $1.11; Jun 11, 2024 $0.80; Dec 17, 2024 $1.29; Jun 16, 2025 $0.85; Dec 16, 2025 $2.32; Jun 15, 2026 $0.88. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$0.88
Dec 16, 2025Dec 19, 2025$2.32
Jun 16, 2025Jun 20, 2025$0.85
Dec 17, 2024Dec 20, 2024$1.29
Jun 11, 2024Jun 17, 2024$0.80
Dec 20, 2023Dec 27, 2023$1.11
Jun 7, 2023Jun 13, 2023$0.78
Dec 13, 2022Dec 19, 2022$0.53
Jun 9, 2022Jun 15, 2022$0.95
Dec 30, 2021Jan 5, 2022$0.21
Dec 13, 2021Dec 17, 2021$1.56
Jun 10, 2021Jun 16, 2021$0.81

IPAC Risk

How much the fund’s monthly returns vary, scaled to a year.
12.1%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.10
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.4%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.86
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

IPAC Cost

Expense ratio0.09%
  • The middle half of Asia-Pacific Region funds
  • Median 0.19%

1 of the 7 Asia-Pacific Region funds charge less.

IPAC costs $9.00 a year on $10,000. The median Asia-Pacific Region fund costs $19.00.