DMXF vs LCTD: Grades, Fees and Holdings Compared

iShares ESG Advanced MSCI EAFE ETF

DMXFANasdaq

iShares World ex U.S. Carbon Transition Readiness Aware Active ETF

LCTDBNYSE Arca

Overlap

35.6%by weight

Expense ratio

DMXF −0.10pt a year

DMXF0.12%LCTD0.22%

Avg volume · 30D

DMXF 5.1×the volume

DMXF75.7KLCTD15K

5Y return · a year

LCTD +0.5pt

DMXF+6.7%LCTD+7.2%

DMXF vs LCTD Performance

Oct 29, 2021 – Oct 30, 2026

+38.6%DMXF+41.5%LCTD

Expense ratio: DMXF 0.12%, better; LCTD 0.22%
Fund size: DMXF $1.04B; LCTD $318M
1Y total return: DMXF +14.0%, better; LCTD +11.3%
Yield (12M): DMXF 4.22%, better; LCTD 3.36%
Holdings: DMXF 408; LCTD 352
Avg volume (30D): DMXF 75.7K sh, better; LCTD 15K sh
NAV per share: DMXF $83.48; LCTD $58.04
52W range

ETF.net Grade

Pillar letters and Scores for DMXF, LCTD, with each pillar’s weight
Pillar	DMXF	LCTD
Cost30% weight	A88Higher	B59
Mission25% weight	A100	Not scored
Risk15% weight	D36	B59Higher
Tradability15% weight	A74Higher	B59
Holdings10% weight	C45	B66Higher
Durability5% weight	A76Higher	C49

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. DMXF and LCTD are both graded against the same 18 International ESG & Values Index funds, so their Grades compare head to head.

International ESG & Values Index⁠

Category · 18 funds

See all 18 ›

DMXF ranks 3rd and LCTD 9th of 18 funds in the International ESG & Values Index Category.

Rank 1AVSGXVanguard ESG International Stock ETFScore 82
Rank 2AESGDiShares ESG Aware MSCI EAFE ETFScore 79
Rank 3ADMXFiShares ESG Advanced MSCI EAFE ETFScore 76
Rank 4AFEDMNorthern Trust ESG & Climate Developed Markets ex-US Core ETFScore 72
Rank 9BDFSIDimensional International Sustainability Core 1 ETFScore 59
Rank 9BLCTDiShares World ex U.S. Carbon Transition Readiness Aware Active ETFScore 59
Rank 12BESGGNorthern Trust STOXX Global ESG Select ETFScore 56

Our read on each fund

ETF.net Research

DMXFAiShares ESG Advanced MSCI EAFE ETF

LCTDBiShares World ex U.S. Carbon Transition Readiness Aware Active ETF

In short

DMXF The strict one. Where iShares' ESG Aware EAFE fund screens five controversial businesses, DMXF screens fourteen, including the whole energy sector, and charges less than its lighter-screened sibling to do it.

LCTD Instead of banning fossil fuels, LCTD stays inside the MSCI World ex USA universe and tilts toward the companies BlackRock scores as readiest for the low-carbon shift. 0.22% net of a waiver through June 30, 2027.

Stated mandate

DMXF The fund seeks to track an index of developed-market equities outside the United States and Canada, while incorporating positive environmental, social, and governance characteristics.

LCTD The Fund seeks to outperform the MSCI World ex USA Index before expenses by applying BlackRock's proprietary Low Carbon Economy Transition Readiness score criteria.

Why people hold it

DMXF 0.12% a year, roughly half the typical fee among international ESG funds, and cheaper than the softer-screened iShares sibling ESGD at 0.20%.ishares.com
Fourteen business-involvement screens: fossil fuels, nuclear power and weapons, GMOs, palm oil, for-profit prisons, predatory lending, gambling, tobacco and more.ishares.com
The fossil fuel screen is categorical, not cosmetic: the index drops the entire GICS energy sector plus companies with industry ties such as thermal coal.blackrock.com
Sticks tightly to its MSCI EAFE Choice ESG Screened index, one of the stronger implementations among international ESG funds.

LCTD Not a purity screen. It buys index members and over- or underweights each against industry peers, targeting a readiness score at least 10% better than the index at purchase.sec.gov
The climate tilt sits on market-shaped risk: the prospectus has it matching the risk profile of MSCI World ex USA, spread across roughly 300 developed-market stocks outside the US.sec.gov
Active stock-picking at 0.22% net of a waiver through June 30, 2027 (0.37% gross), a fee that lands near the median of its international sustainable-equity peers.
One of BlackRock's two 2021 carbon-transition launches, and the one that looks outside the US. Live since April 2021, with a few hundred million dollars behind it.blackrock.com

Worth knowing

DMXF Deep exclusions mean real drift from plain EAFE. Sibling ESGD is built to keep risk and return close to the parent index; DMXF is not.ishares.com ishares.com 2
About 400 stocks, a narrower slate than the unscreened parent index, so individual names and surviving sectors carry more weight.
Mid-sized and moderately traded rather than a category heavyweight, and distributions arrive once or twice a year rather than quarterly.

LCTD Index rivals cost less: VSGX at 0.10%, DMXF at 0.12% and FEDM at 0.12% net of a waiver through March 1, 2027. LCTD's own waiver runs to June 30, 2027; gross is 0.37%.
Thinly traded, so spreads can run wider than the big index names in the category and larger orders meet less depth on screen.
Everything hinges on BlackRock's proprietary score. The 10% readiness uplift is measured at the time of investment and can drift with markets and data changes.sec.gov

Full DMXF profile⁠

Full LCTD profile⁠

DMXF vs LCTD Holdings

How DMXF and LCTD differ

Overlap by weight

35.6%

Shared holdings make up 66.8% of DMXF and 47.6% of LCTD.

Level by level

Holdings178 in both35.6%
Countryby domicile75.3%
Sector11 Sectors79.8%
Asset classEquity100%

Sector

Sector weights in DMXF and LCTD, widest gap first
Sector	More in DMXFMore in LCTD	DMXF	LCTD
Technology	DMXF +8.8 points	19.5%	10.7%
Energy	LCTD +5.9 points	0.0%	5.9%
Financials	DMXF +5.9 points	33.2%	27.3%
Consumer Staples	LCTD +4.2 points	2.4%	6.6%
Utilities	LCTD +2.9 points	0.7%	3.6%
Consumer Discretionary	LCTD +2.8 points	4.7%	7.5%
Communication	DMXF +2.6 points	5.7%	3.1%
Materials	LCTD +2.3 points	5.0%	7.3%
Industrials	LCTD +2.1 points	14.9%	17.0%
Health Care	DMXF +1.5 points	11.1%	9.6%
Real Estate	DMXF +1.3 points	2.7%	1.4%

Country, concentration and asset class

Country by domicile

Country weights in DMXF and LCTD, widest gap first
Country	More in DMXFMore in LCTD	DMXF	LCTD
Canada	LCTD +13.9 points	0.0%	13.9%
Japan	DMXF +8.2 points	31.0%	22.8%
United Kingdom	LCTD +5.4 points	5.9%	11.3%
Netherlands	DMXF +5.1 points	10.8%	5.7%
Singapore	DMXF +2.7 points	2.7%	0.0%
Switzerland	DMXF +1.9 points	10.6%	8.7%
Spain	LCTD +1.7 points	1.7%	3.4%
Sweden	DMXF +1.6 points	4.5%	2.9%
Other countries (10)	DMXF +1.6 points	32.9%	31.3%

Outside the US: DMXF 99% developed, 1% emerging. LCTD 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

DMXF22.3%
LCTD15.8%

Securities held

DMXF393
LCTD336

Asset class

DMXF: Equity
LCTD: Equity

Holdings

Only in DMXF215
In both178
Only in LCTD158

Only in DMXF

215 securities, 33.2% of DMXF by weight

Lair Liquide Societe Anonyme Pour1.18%
Investor Class B0.70%
Oversea-Chinese Banking0.70%
Deutsche Boerse AG0.62%
Shin Etsu Chemical0.58%
Essilorluxottica SA0.56%
Hoya0.52%
Lonza Group AG0.52%
Nordea Bank0.50%
Swiss Re AG0.49%
Ferrari0.45%
Caixabank SA0.41%
Galderma Group N AG0.40%
Hong Kong Exchanges and Clearing0.40%
Sandoz Group AG0.39%
MS&AD Insurance Group Holdings0.37%
United Overseas Bank0.36%
Asm International NV0.36%
Goodman Group Units0.35%
Sandvik0.35%
Sompo Holdings0.34%
Alcon AG0.33%
Ntt0.31%
Sika AG0.31%
Otsuka Holdings0.30%
Prudential PLC0.29%
Skandinaviska Enskilda Banken0.28%
Orange SA0.28%
Kbc Groep0.28%
Dnb Bank0.26%
Abn Amro Bank NV0.25%
Ferrovial NV0.25%
Sumitomo Mitsui Trust Group0.25%
Kyocera0.24%
Mitsui Fudosan0.23%
Aercap Holdings0.23%
Adyen0.23%
Techtronic Industries0.23%
Northern Star Resources Ltd0.22%
Canon0.22%
Oriental Land0.22%
Intercontinental Hotels Group PLC0.22%
Japan Post Holdings Ltd0.22%
Hexagon Class B0.22%
Aena Sme SA0.21%
Coca Cola Europacific Partners PLC0.21%
Banca Monte Dei Paschi Di Siena Sp0.21%
Nn Group0.21%
Geberit AG0.21%
Fresenius N0.21%

Only in LCTD

158 securities, 52.4% of LCTD by weight

Royal Bank of Canada2.16%
Nestle SA1.34%
Bank of Montreal1.30%
Astrazeneca PLC1.28%
Banco Santander1.14%
Hitachi1.13%
Sanofi SA1.10%
Enbridge1.09%
Hsbc Holdings PLC1.05%
Shell1.01%
Toronto Dominion0.99%
Totalenergies0.97%
Eni0.97%
Iberdrola0.94%
Intesa Sanpaolo0.94%
Siemens N AG0.88%
Ubs Group AG0.88%
Gea Group AG0.82%
Bhp Group Ltd0.81%
Canadian Imperial Bank of Commerce0.80%
Bank of Nova Scotia0.79%
Engie SA0.77%
Bp PLC0.76%
Toyota Motor0.75%
Industria De Diseno Textil SA0.73%
Edp Energias De Portugal0.72%
Eqt0.69%
Wheaton Precious Metals0.66%
Loreal SA0.65%
Franco Nevada0.64%
Airbus Group0.64%
Intact Financial Corp0.61%
Shopify Subordinate Voting Class A0.60%
Dhl AG0.60%
Siemens Energy N AG0.59%
Koninklijke Philips0.56%
Alfa Laval0.55%
Rolls-Royce Holdings PLC0.53%
Glaxosmithkline0.52%
Sony Group0.51%
Bmw0.49%
Novo Nordisk Class B0.49%
National Bank of Canada0.45%
Deutsche Bank AG0.44%
Lloyds Banking Group PLC0.41%
Natwest Group PLC0.41%
Bae Systems PLC0.38%
Alimentation Couche Tard Inc0.38%
Kawasaki Kisen Ltd0.37%
Nomura Holdings0.35%

Weight gaps

The 100 widest of 178 Holdings in both funds.

Holding weights in DMXF and LCTD, widest gap first
Holding	More in DMXFMore in LCTD	DMXF	LCTD
Asml Holding	DMXF +3.11 points	5.72%	2.61%
Mitsubishi Ufj Financial Group	DMXF +1.48 points	2.19%	0.71%
Allianz	DMXF +1.03 points	1.74%	0.71%
Novartis AG	DMXF +0.98 points	2.78%	1.80%
Commonwealth Bank of Australia	DMXF +0.93 points	1.83%	0.90%
Mizuho Financial Group	DMXF +0.92 points	1.07%	0.15%
Recruit Holdings Ltd	DMXF +0.91 points	1.51%	0.60%
Abb Ltd	DMXF +0.88 points	1.25%	0.37%
Sumitomo Mitsui Financial Group	DMXF +0.87 points	1.40%	0.53%
Givaudan SA	LCTD +0.83 points	0.42%	1.25%
Dbs Group Holdings Ltd	DMXF +0.82 points	1.10%	0.28%
Zurich Insurance Group AG	DMXF +0.81 points	1.05%	0.24%
Sap	DMXF +0.76 points	2.23%	1.47%
Keyence	DMXF +0.75 points	0.87%	0.12%
Orkla	LCTD +0.66 points	0.07%	0.73%
Axa SA	DMXF +0.65 points	0.70%	0.05%
Infineon Technologies AG	DMXF +0.64 points	0.69%	0.05%
Koninklijke Kpn NV	LCTD +0.59 points	0.17%	0.76%
Tokio Marine Holdings	DMXF +0.57 points	0.92%	0.35%
Advantest	DMXF +0.54 points	1.52%	0.98%
Softbank Group Corp	DMXF +0.52 points	0.99%	0.47%
Argenx	DMXF +0.50 points	0.53%	0.03%
Spotify TechnologySPOT	DMXF +0.49 points	0.81%	0.32%
Admiral Group PLCADM.L	LCTD +0.48 points	0.13%	0.61%
Tokyo Electron	DMXF +0.47 points	1.25%	0.78%
Csl	DMXF +0.47 points	0.63%	0.16%
Daiwa House Industry	LCTD +0.46 points	0.15%	0.61%
Swiss Life Holding AG	LCTD +0.46 points	0.30%	0.76%
Nintendo	DMXF +0.46 points	0.54%	0.08%
Murata Manufacturing	DMXF +0.44 points	0.61%	0.17%
Kao	LCTD +0.42 points	0.20%	0.62%
Schneider Electric	DMXF +0.41 points	1.36%	0.94%
Kddi	DMXF +0.41 points	0.49%	0.08%
Toray Industries	LCTD +0.40 points	0.09%	0.49%
Astellas Pharma	LCTD +0.40 points	0.26%	0.66%
London Stock Exchange Group PLCLSEG.L	DMXF +0.38 points	0.53%	0.15%
Fujifilm Holdings	LCTD +0.34 points	0.23%	0.57%
Assa Abloy B	DMXF +0.34 points	0.36%	0.02%
Haleon PLCHLN.L	DMXF +0.33 points	0.35%	0.02%
Kuehne Und Nagel International AG	LCTD +0.31 points	0.13%	0.44%
Knorr Bremse AG	LCTD +0.30 points	0.06%	0.36%
Westpac Banking Corporation	DMXF +0.29 points	0.83%	0.54%
Relx PLCREL.L	DMXF +0.29 points	0.66%	0.37%
Sonova Holding AG	LCTD +0.27 points	0.16%	0.43%
Nokia	DMXF +0.26 points	0.41%	0.15%
Resona Holdings	DMXF +0.25 points	0.28%	0.03%
Assicurazioni Generali	DMXF +0.24 points	0.32%	0.08%
Japan Post Bank Ltd	DMXF +0.24 points	0.32%	0.08%
Fanuc Corp	DMXF +0.24 points	0.32%	0.08%
Asics	LCTD +0.24 points	0.19%	0.43%
Tdk	DMXF +0.23 points	0.29%	0.06%
Erste Group Bank AG	DMXF +0.23 points	0.35%	0.12%
Transurban Group Stapled Units	LCTD +0.23 points	0.28%	0.51%
Ing Groep	DMXF +0.23 points	0.85%	0.62%
Societe Generale SA	DMXF +0.21 points	0.40%	0.19%
Boc Hong Kong Holdings Ltd	DMXF +0.22 points	0.24%	0.02%
Compass Group PLCCPG.L	DMXF +0.22 points	0.54%	0.32%
Dassault Systemes	LCTD +0.21 points	0.18%	0.39%
Publicis Groupe	DMXF +0.21 points	0.24%	0.03%
Fujikura	DMXF +0.21 points	0.35%	0.14%
Fujitsu	DMXF +0.21 points	0.36%	0.15%
Asahi Kasei	LCTD +0.21 points	0.11%	0.32%
Klepierre Reit SA	LCTD +0.20 points	0.08%	0.28%
Stmicroelectronics	DMXF +0.20 points	0.27%	0.07%
Amadeus It Group	DMXF +0.20 points	0.25%	0.05%
Bank Leumi Le Israel	DMXF +0.20 points	0.30%	0.10%
Disco Corp	DMXF +0.20 points	0.26%	0.06%
Commerzbank AG	LCTD +0.20 points	0.23%	0.43%
Qbe Insurance Group	DMXF +0.19 points	0.26%	0.07%
Shiseido	LCTD +0.19 points	0.09%	0.28%
Smc (Japan) Corp	DMXF +0.18 points	0.21%	0.03%
Nebius NV Class ANBIS	DMXF +0.18 points	0.29%	0.11%
Sumitomo Metal Mining	LCTD +0.17 points	0.12%	0.29%
Aia Group	LCTD +0.17 points	0.94%	1.11%
Kubota	LCTD +0.17 points	0.14%	0.31%
Brambles	LCTD +0.16 points	0.19%	0.35%
Amundi SA	LCTD +0.16 points	0.07%	0.23%
Ibiden Ltd	DMXF +0.16 points	0.23%	0.07%
Legrand SA	DMXF +0.16 points	0.35%	0.19%
Bank Hapoalim Bm	DMXF +0.15 points	0.25%	0.10%
Hermes International	DMXF +0.15 points	0.47%	0.32%
Mtu Aero Engines Holding AG	DMXF +0.15 points	0.19%	0.04%
Boliden	LCTD +0.14 points	0.14%	0.28%
Symrise AG	LCTD +0.13 points	0.13%	0.26%
Renesas Electronics Corp	DMXF +0.13 points	0.29%	0.16%
Aviva PLCAV.L	DMXF +0.13 points	0.27%	0.14%
3I Group Fund PLCIII.L	DMXF +0.12 points	0.29%	0.17%
Denso	LCTD +0.13 points	0.18%	0.31%
Resonac Holdings	DMXF +0.13 points	0.14%	0.01%
Daiichi Life Group	DMXF +0.13 points	0.37%	0.24%
Macquarie Group Ltd Def	LCTD +0.13 points	0.61%	0.74%
Sampo Class A	DMXF +0.12 points	0.24%	0.12%
Mitsubishi Estate Co Ltd	DMXF +0.12 points	0.24%	0.12%
Wolters Kluwer	DMXF +0.12 points	0.21%	0.09%
Julius Baer Gruppe AG	DMXF +0.12 points	0.18%	0.06%
Daiwa Securities Group Inc	DMXF +0.11 points	0.14%	0.03%
Be Semiconductor Industries NV	DMXF +0.10 points	0.11%	<0.01%
Genmab	LCTD +0.11 points	0.32%	0.43%
Novozymes B	DMXF +0.10 points	0.23%	0.13%
Ajinomoto	DMXF +0.10 points	0.26%	0.16%

All 393 DMXF holdings⁠All 336 LCTD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DMXF vs LCTD Cost

Overpaying LCTD vs DMXF

$2,038

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DMXF 0.12%
$2,520
LCTD 0.22%
$4,558

Amount$10,000

Years30 years

Cost over time

DMXF 0.12%
LCTD 0.22%
Overpaying

Year by year

Year	DMXF	LCTD	Overpaying
10	$220	$401	$181
20	$859	$1,561	$702
30	$2,520	$4,558	$2,038

Expense ratio

0.12%DMXF, cheaper
0.22%LCTD

DMXF0.12%LCTD0.22%

0.10%0.95%

Middle half of International ESG & Values Index funds
Median 0.23%

DMXF 2nd cheapest of 18 funds

LCTD 8th cheapest of 18 funds

DMXF vs LCTD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DMXF 4.22%, better; LCTD 3.36%
Payout (12M): DMXF $3.54; LCTD $1.95
Last payment: DMXF $1.03; LCTD $0.96
Ex-dividend: DMXF Jun 15, 2026; LCTD Jun 15, 2026
Paid on: DMXF Jun 18, 2026; LCTD Jun 18, 2026
Frequency: DMXF Twice a year; LCTD Twice a year

Distribution history

Per share, 2020 to 2026, same scale for both

DMXFTwice a year · 13 paymentsAll DMXF payments⁠

LCTDTwice a year · 11 paymentsAll LCTD payments⁠

DMXF vs LCTD Risk

Fall from peak · 5 years

DMXF
LCTD

Risk facts

VolatilityStd dev, 3 years: DMXF 12.8%LCTD 11.7%, better
Return per unit of riskSharpe ratio, 3 years: DMXF 1.06LCTD 1.14, better
Worst fallMax drawdown, 5 years: DMXF −33.7%LCTD −29.7%, better
Market sensitivityBeta, 5 years: DMXF 0.86LCTD 0.80; Market = 1

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