ESGD vs LCTD: Grades, Fees and Holdings Compared

iShares ESG Aware MSCI EAFE ETF

ESGDANasdaq

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

LCTDBNYSE Arca

Overlap

53.9%by weight

Expense ratio

ESGD −0.02pt a year

ESGD0.20%LCTD0.22%

Avg volume · 30D

ESGD 20.7×the volume

ESGD309KLCTD15K

5Y return · a year

ESGD +1.0pt

ESGD+8.2%LCTD+7.2%

ESGD vs LCTD Performance

Oct 29, 2021 – Oct 30, 2026

+48.2%ESGD+41.5%LCTD

Expense ratio: ESGD 0.20%, better; LCTD 0.22%
Fund size: ESGD $11.8B; LCTD $318M
1Y total return: ESGD +13.0%, better; LCTD +11.3%
Yield (12M): ESGD 3.33%; LCTD 3.36%, better
Holdings: ESGD 349; LCTD 352
Avg volume (30D): ESGD 309K sh, better; LCTD 15K sh
NAV per share: ESGD $102.56; LCTD $58.04
52W range

ETF.net Grade

Pillar letters and Scores for ESGD, LCTD, with each pillar’s weight
Pillar	ESGD	LCTD
Cost30% weight	B68Higher	B59
Mission25% weight	A100	Not scored
Risk15% weight	B55	B59Higher
Tradability15% weight	A91Higher	B59
Holdings10% weight	A77Higher	B66
Durability5% weight	A95Higher	C49

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. ESGD 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 ›

ESGD ranks 2nd 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 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

ESGDAiShares ESG Aware MSCI EAFE ETF

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

In short

ESGD The plain-vanilla international index fund, ESG-screened. Roughly 400 developed-market stocks from outside the US and Canada, tracking an MSCI EAFE ESG Focus index since 2016, for 0.20% a year.

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

ESGD The fund seeks to track an index of international developed-market stocks outside the United States and Canada that have positive aggregate 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

ESGD Costs 0.20% a year, below the typical fee in its international ESG peer group.
Roughly 400 stocks spanning developed markets outside the US and Canada: broad-market coverage, not a narrow thematic bet.ishares.com
Tracks the MSCI EAFE Extended ESG Focus Index, keeping the familiar developed-markets shape while tilting toward companies with better aggregate ESG characteristics.ishares.com
A multi-billion-dollar fund trading since 2016, and one of the sturdier builds in its peer group.

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

ESGD Cheaper tickets exist on the same shelf: VSGX at 0.10%, iShares' own DMXF at 0.12%. The fee here buys scale, not the lowest sticker.
The ESG screen leaves holdings different from a plain EAFE fund, so results can drift from the unscreened index in either direction.
Moderately traded rather than one of the busiest tapes in the category, and distributions land once or twice a year rather than monthly.

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 ESGD profile⁠

Full LCTD profile⁠

ESGD vs LCTD Holdings

How ESGD and LCTD differ

Overlap by weight

53.9%

Shared holdings make up 75.0% of ESGD and 72.5% of LCTD.

Level by level

Holdings209 in both53.9%
Countryby domicile85.8%
Sector11 Sectors95.8%
Asset classEquity100%

Sector

Sector weights in ESGD and LCTD, widest gap first
Sector	More in ESGDMore in LCTD	ESGD	LCTD
Materials	LCTD +1.7 points	5.6%	7.3%
Energy	LCTD +1.6 points	4.3%	5.9%
Industrials	ESGD +1.6 points	18.6%	17.0%
Health Care	ESGD +1.0 points	10.6%	9.6%
Financials	LCTD +0.9 points	26.4%	27.3%
Communication	ESGD +0.5 points	3.6%	3.1%
Technology	ESGD +0.3 points	11.0%	10.7%
Consumer Discretionary	ESGD +0.3 points	7.8%	7.5%
Real Estate	ESGD +0.3 points	1.7%	1.4%
Utilities	ESGD +0.2 points	3.8%	3.6%
Consumer Staples	ESGD +0.1 points	6.7%	6.6%

Country, concentration and asset class

Country by domicile

Country weights in ESGD and LCTD, widest gap first
Country	More in ESGDMore in LCTD	ESGD	LCTD
Canada	LCTD +13.9 points	0.0%	13.9%
United Kingdom	ESGD +3.1 points	14.4%	11.3%
Switzerland	ESGD +2.0 points	10.7%	8.7%
Japan	ESGD +1.9 points	24.7%	22.8%
Singapore	ESGD +1.7 points	1.7%	0.0%
Belgium	ESGD +1.2 points	1.2%	0.0%
Australia	ESGD +1.1 points	6.9%	5.8%
Spain	ESGD +0.9 points	4.3%	3.4%
Other countries (9)	ESGD +2.0 points	36.1%	34.1%

Outside the US: ESGD 100% developed, 0% emerging. LCTD 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

ESGD14.4%
LCTD15.8%

Securities held

ESGD332
LCTD336

Asset class

ESGD: Equity
LCTD: Equity

Holdings

Only in ESGD123
In both209
Only in LCTD127

Only in ESGD

123 securities, 25.0% of ESGD by weight

Itochu0.78%
National Grid PLC0.70%
Banco Bilbao Vizcaya Argentaria0.57%
Lonza Group AG0.53%
Bridgestone0.52%
Caixabank SA0.47%
Takeda Pharmaceutical0.42%
Hoya0.41%
Telia Company0.40%
Henkel AG0.37%
Alcon AG0.37%
Sandvik0.36%
Danone SA0.36%
Smiths Group PLC0.36%
Eneos Holdings0.36%
Swiss Re AG0.36%
Merck0.35%
Muenchener Rueckversicherungs-Gese0.35%
Deutsche Boerse AG0.33%
Hong Kong Exchanges and Clearing0.32%
Oversea-Chinese Banking0.32%
Kerry Group PLC0.31%
Sika AG0.30%
Svenska Cellulosa B0.29%
Kbc Groep0.29%
Swiss Prime Site AG0.29%
Aristocrat Leisure0.29%
Endesa SA0.28%
Oriental Land0.28%
Roche Holding AG0.28%
Sekisui House0.28%
Essilorluxottica SA0.27%
Yamaha Motor0.27%
Heineken NV0.27%
Enel0.25%
Eiffage SA0.23%
Deutsche Telekom N AG0.23%
Galp Energia Sgps SA Class B0.23%
Computershare Ltd0.23%
Sino Land Ltd0.22%
Asm International NV0.22%
Segro Reit PLC0.21%
Shin Etsu Chemical0.21%
Koninklijke Ahold Delhaize0.21%
Credit Agricole SA0.21%
Standard Chartered PLC0.20%
Naturgy Energy Group SA0.20%
Singapore Exchange0.20%
The Sage Group0.20%
Yokohama Financial Group0.19%

Only in LCTD

127 securities, 27.2% of LCTD by weight

Royal Bank of Canada2.16%
Bank of Montreal1.30%
Enbridge1.09%
Toronto Dominion0.99%
Eni0.97%
Canadian Imperial Bank of Commerce0.80%
Bank of Nova Scotia0.79%
Swiss Life Holding AG0.76%
Wheaton Precious Metals0.66%
Franco Nevada0.64%
Kao0.62%
Intact Financial Corp0.61%
Shopify Subordinate Voting Class A0.60%
Koninklijke Philips0.56%
Alfa Laval0.55%
Bmw0.49%
National Bank of Canada0.45%
Genmab0.43%
Alimentation Couche Tard Inc0.38%
Softbank0.38%
Kawasaki Kisen Ltd0.37%
Knorr Bremse AG0.36%
Pan American Silver0.33%
Inpex0.33%
Kubota0.31%
Denso0.31%
Wsp Global Inc0.29%
Klepierre Reit SA0.28%
Mercedes-Benz Group N AG0.27%
Stantec0.27%
Symrise AG0.26%
Manulife Financial0.26%
Kone0.25%
Amundi SA0.23%
Olympus0.22%
Mitsui0.21%
Telstra Group0.20%
Fortum0.19%
Nitto Denko0.19%
Sun Life Financial Inc0.19%
Bandai Namco Holdings Inc0.18%
Screen Holdings Ltd0.18%
Celestica0.17%
Sainsbury(J) PLC0.17%
Asahi Group Holdings0.17%
Kingspan Group PLC0.16%
Toyota Tsusho0.16%
Swedish Orphan Biovitrum0.15%
Bombardier Class B0.15%
Jeronimo Martins SA0.15%

Weight gaps

The 100 widest of 209 Holdings in both funds.

Holding weights in ESGD and LCTD, widest gap first
Holding	More in ESGDMore in LCTD	ESGD	LCTD
Roche Ps Par AG	ESGD +1.06 points	1.33%	0.27%
Givaudan SA	LCTD +0.83 points	0.42%	1.25%
Gea Group AG	LCTD +0.68 points	0.14%	0.82%
Banco Santander	LCTD +0.67 points	0.47%	1.14%
Bnp Paribas SA	ESGD +0.66 points	0.68%	0.02%
Sanofi SA	LCTD +0.63 points	0.47%	1.10%
Unilever PLCULVR.L	ESGD +0.58 points	0.81%	0.23%
Engie SA	LCTD +0.57 points	0.20%	0.77%
Abb Ltd	ESGD +0.57 points	0.94%	0.37%
Axa SA	ESGD +0.57 points	0.62%	0.05%
Eqt	LCTD +0.56 points	0.13%	0.69%
Aia Group	LCTD +0.55 points	0.56%	1.11%
Orkla	LCTD +0.51 points	0.22%	0.73%
Daiwa House Industry	LCTD +0.51 points	0.10%	0.61%
Admiral Group PLCADM.L	LCTD +0.50 points	0.11%	0.61%
Dhl AG	LCTD +0.50 points	0.10%	0.60%
Astellas Pharma	LCTD +0.48 points	0.18%	0.66%
Edp Energias De Portugal	LCTD +0.47 points	0.25%	0.72%
Zurich Insurance Group AG	ESGD +0.47 points	0.71%	0.24%
Fujifilm Holdings	LCTD +0.46 points	0.11%	0.57%
Mizuho Financial Group	ESGD +0.46 points	0.61%	0.15%
Industria De Diseno Textil SA	LCTD +0.45 points	0.28%	0.73%
Macquarie Group Ltd Def	LCTD +0.45 points	0.29%	0.74%
Kddi	ESGD +0.44 points	0.52%	0.08%
Asml Holding	ESGD +0.43 points	3.04%	2.61%
Unicredit	ESGD +0.41 points	0.49%	0.08%
Dbs Group Holdings Ltd	ESGD +0.41 points	0.69%	0.28%
Hitachi	LCTD +0.39 points	0.74%	1.13%
Koninklijke Kpn NV	LCTD +0.37 points	0.39%	0.76%
Daiwa Securities Group Inc	ESGD +0.37 points	0.40%	0.03%
Marubeni	ESGD +0.35 points	0.36%	<0.01%
Bp PLCBP.L	LCTD +0.36 points	0.40%	0.76%
Sony Group	ESGD +0.35 points	0.86%	0.51%
Allianz	ESGD +0.34 points	1.05%	0.71%
Assicurazioni Generali	ESGD +0.34 points	0.42%	0.08%
Toray Industries	LCTD +0.34 points	0.15%	0.49%
Commerzbank AG	LCTD +0.33 points	0.10%	0.43%
Asics	LCTD +0.33 points	0.10%	0.43%
Infineon Technologies AG	ESGD +0.32 points	0.37%	0.05%
Sumitomo Mitsui Financial Group	ESGD +0.32 points	0.85%	0.53%
Hsbc Holdings PLCHSBA.L	ESGD +0.31 points	1.36%	1.05%
Airbus Group	LCTD +0.30 points	0.34%	0.64%
Diageo PLCDGE.L	ESGD +0.29 points	0.46%	0.17%
Mitsubishi	ESGD +0.29 points	0.38%	0.09%
Toyota Motor	ESGD +0.29 points	1.04%	0.75%
Bank Hapoalim Bm	ESGD +0.28 points	0.38%	0.10%
Boc Hong Kong Holdings Ltd	ESGD +0.27 points	0.29%	0.02%
Amadeus It Group	ESGD +0.27 points	0.32%	0.05%
Ana Holdings	ESGD +0.26 points	0.29%	0.03%
Schneider Electric	LCTD +0.26 points	0.69%	0.94%
Advantest	LCTD +0.26 points	0.72%	0.98%
Kuehne Und Nagel International AG	LCTD +0.25 points	0.19%	0.44%
Ubs Group AG	LCTD +0.25 points	0.63%	0.88%
National Australia Bank	ESGD +0.24 points	0.52%	0.28%
Fanuc Corp	ESGD +0.24 points	0.32%	0.08%
Siemens N AG	ESGD +0.23 points	1.11%	0.88%
Nomura Holdings	LCTD +0.21 points	0.14%	0.35%
Sonova Holding AG	LCTD +0.21 points	0.22%	0.43%
London Stock Exchange Group PLCLSEG.L	ESGD +0.21 points	0.36%	0.15%
Prosus NV Class N	LCTD +0.21 points	0.19%	0.40%
Equinor	ESGD +0.20 points	0.27%	0.07%
Kesko Class B	ESGD +0.20 points	0.25%	0.05%
ShellSHEL.L	ESGD +0.20 points	1.21%	1.01%
Qbe Insurance Group	ESGD +0.20 points	0.27%	0.07%
Bayer AG	ESGD +0.20 points	0.28%	0.08%
Nestle SA	LCTD +0.19 points	1.15%	1.34%
Aviva PLCAV.L	ESGD +0.20 points	0.34%	0.14%
Atlas Copco Class A	ESGD +0.19 points	0.27%	0.08%
Getlink	ESGD +0.19 points	0.22%	0.03%
Siemens Energy N AG	LCTD +0.18 points	0.41%	0.59%
Akzo Nobel NV	ESGD +0.19 points	0.23%	0.04%
Compass Group PLCCPG.L	LCTD +0.18 points	0.14%	0.32%
Dassault Systemes	LCTD +0.18 points	0.21%	0.39%
Rheinmetall AG	ESGD +0.17 points	0.27%	0.10%
Ericsson B	LCTD +0.18 points	0.11%	0.29%
Sumitomo Metal Mining	LCTD +0.18 points	0.11%	0.29%
Novartis AG	LCTD +0.17 points	1.63%	1.80%
Keyence	ESGD +0.18 points	0.30%	0.12%
Commonwealth Bank of Australia	ESGD +0.17 points	1.07%	0.90%
Chugai Pharmaceutical Ltd	LCTD +0.16 points	0.15%	0.31%
Bae Systems PLCBA.L	ESGD +0.17 points	0.55%	0.38%
Recruit Holdings Ltd	ESGD +0.17 points	0.77%	0.60%
Unibail Rodamco We Stapled Units	ESGD +0.16 points	0.25%	0.09%
Shiseido	LCTD +0.17 points	0.11%	0.28%
Holcim Ltd AG	ESGD +0.16 points	0.30%	0.14%
Ucb SA	LCTD +0.16 points	0.22%	0.38%
Panasonic Holdings	ESGD +0.15 points	0.31%	0.16%
Tokio Marine Holdings	ESGD +0.15 points	0.50%	0.35%
Sap	LCTD +0.14 points	1.33%	1.47%
Mitsubishi Ufj Financial Group	ESGD +0.15 points	0.86%	0.71%
Kingfisher PLCKGF.L	ESGD +0.14 points	0.22%	0.08%
Societe Generale SA	ESGD +0.14 points	0.33%	0.19%
Argenx	ESGD +0.14 points	0.17%	0.03%
Anheuser-Busch Inbev SA	ESGD +0.14 points	0.37%	0.23%
Prysmian	ESGD +0.14 points	0.17%	0.03%
Astrazeneca PLCAZN.L	LCTD +0.13 points	1.15%	1.28%
Woodside Energy Group Ltd	ESGD +0.13 points	0.27%	0.14%
Elbit Systems	ESGD +0.13 points	0.19%	0.06%
Murata Manufacturing	ESGD +0.13 points	0.30%	0.17%
Heidelberg Materials AG	ESGD +0.12 points	0.14%	0.02%

All 330 ESGD 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.

ESGD vs LCTD Cost

Overpaying LCTD vs ESGD

$403

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

ESGD 0.20%
$4,155
LCTD 0.22%
$4,558

Amount$10,000

Years30 years

Cost over time

ESGD 0.20%
LCTD 0.22%
Overpaying

Year by year

Year	ESGD	LCTD	Overpaying
10	$365	$401	$36
20	$1,421	$1,561	$140
30	$4,155	$4,558	$403

Expense ratio

0.20%ESGD, cheaper
0.22%LCTD

ESGD0.20%LCTD0.22%

0.10%0.95%

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

ESGD 6th cheapest of 18 funds

LCTD 8th cheapest of 18 funds

ESGD vs LCTD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ESGD 3.33%; LCTD 3.36%, better
Payout (12M): ESGD $3.42; LCTD $1.95
Last payment: ESGD $1.63; LCTD $0.96
Ex-dividend: ESGD Jun 15, 2026; LCTD Jun 15, 2026
Paid on: ESGD Jun 18, 2026; LCTD Jun 18, 2026
Frequency: ESGD Twice a year; LCTD Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ESGDTwice a year · 20 paymentsAll ESGD payments⁠

LCTDTwice a year · 11 paymentsAll LCTD payments⁠

ESGD vs LCTD Risk

Fall from peak · 5 years

ESGD
LCTD

Risk facts

VolatilityStd dev, 3 years: ESGD 11.7%LCTD 11.7%
Return per unit of riskSharpe ratio, 3 years: ESGD 1.18, betterLCTD 1.14
Worst fallMax drawdown, 5 years: ESGD −29.9%LCTD −29.7%, better
Market sensitivityBeta, 5 years: ESGD 0.80LCTD 0.80; Market = 1

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