iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF
$68.61−1.24 (−1.77%)
- Expense ratio
- 0.12%
- Fund size
- $331M
- 1Y return
- +14.5%
- Yield · Last 12 months
- 2.98%
- Holdings
- 403
- Volume · 30D
- 0M sh
- NAV per share
- $69.39
- 52W range
The ETF.net PABD Grade
Score 69 of 100 sits in the A 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 91Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 38Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 20Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 71Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 36Category rank
Our read on PABD
AMost international sustainable funds run a broad ESG scorecard. PABD aims at one target: carbon. It tracks an MSCI World ex USA Paris-aligned climate index across roughly 400 developed-market stocks outside the US, for 0.12% a year.
The fund seeks to track an index of international developed companies aligned with the Paris Agreement, providing core equity exposure while targeting the low-carbon transition and reduced climate-related risks.
Why people hold it
- Costs 0.12% a year, roughly half the typical fund in its international ESG peer group and under iShares' own broader ESG Aware EAFE fund, ESGD, at 0.20%.
- Climate is the whole mandate, not a side filter: the index applies Paris-aligned screens rather than a general ESG rating, across about 400 developed-market names outside the US.ishares.com
- The portfolio lines up with what the name promises, one of the more faithful implementations in its peer group, and it holds no US stocks by design.
Worth knowing
- Thinly traded next to the household-name international funds, so bid-ask spreads can run wider and large orders need more care.
- Launched in 2024, so the live record is short, and the climate screens shift sector and stock weights away from a plain World ex USA index.
- Pays once or twice a year rather than quarterly, so distributions arrive in lumps.
PABD Holdings
- Stocks
- 403
- 15%
- ASML.AS
Sectors
- Financials31.6%
- Industrials15.4%
- Technology12.7%
- Health Care12.1%
- Real Estate5.8%
- Materials5.3%
- Cons. Staples4.6%
- Consumer Discr.4.4%
- Utilities4.4%
- Communication3.4%
- Energy0.2%
Geography
- Japan19.04%
- Canada13.88%
- Switzerland10.08%
- United Kingdom9.76%
- France7.82%
- Germany5.85%
- Australia5.37%
- Netherlands5.14%
- 23.07%
Developed 99% · Emerging 1%
PABD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | PABD |
|---|---|
| Year to date | +9.6% |
| 1 month | −2.1% |
| 3 months | +0.5% |
| 1 year | +14.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PABD |
|---|---|---|
| 2026 YTD | +9.6% | |
| 2025 | +30.1% | |
| 2024 | +5.3% |
PABD in the news
ETF.net Research hasn’t filed on PABD yet — coverage lands here as it’s written.
PABD Dividends
- 2.98%
- $2.08
- $1.01 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 15, 2026 | Jun 18, 2026 | $1.01 |
| Dec 16, 2025 | Dec 19, 2025 | $1.07 |
| Jun 16, 2025 | Jun 20, 2025 | $0.70 |
| Dec 17, 2024 | Dec 20, 2024 | $0.76 |
| Jun 11, 2024 | Jun 17, 2024 | $0.71 |
PABD Risk
- 12.1%
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.
- 1.00
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.
- −13.4%
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.
- 0.62
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PABD Cost
- The middle half of International ESG & Values Index funds
- Median 0.26%
1 of the 18 International ESG & Values Index funds charge less.