KLMN vs PABU

KLMNAInvesco MSCI North America Climate ETF

PABUBiShares Paris-Aligned Climate Optimized MSCI USA ETF

In short

KLMN —No data

PABU A Paris climate mandate at plain index-fund pricing. PABU follows an MSCI benchmark that pushes US large and mid caps onto a decarbonization path, landing on roughly 90 stocks for 0.10% a year.

Stated mandate

KLMN —No data

PABU The fund tracks the MSCI USA Climate Paris Aligned Benchmark Extended Select Index, which is composed of U.S. large- and mid-capitalization stocks selected and weighted to follow a decarbonization trajectory, reduce climate-related transition and physical risks, and increase exposure to companies positioned for the low-carbon transition.

Why people hold it

KLMN —No data

• PABU 0.10% a year, half the 0.20% median for its US equity peer group, and level with the cheapest broad-beta names in that group like GUSA.
• The climate work is written into the index, not left to a manager: MSCI selects and weights names to follow a decarbonization trajectory and cut transition and physical climate risk.ishares.com
• Live since 2022, run on the iShares shelf, and now a multi-billion-dollar fund. Among the stronger mandate implementations in its peer group.
• Quarterly distributions and a straightforward index structure, so there is no derivatives layer or options overlay to unpack.

Worth knowing

KLMN —No data

• PABU Roughly 90 stocks, not the whole market. Results can diverge from a standard US large-cap fund in either direction.
• Thinly traded next to broad-beta peers such as ILCB, so spreads can widen and limit orders matter more than the expense ratio suggests.
• The decarbonization rules reshape sector and stock weights versus a market-cap MSCI USA portfolio. That tilt is the point, not a side effect.

Full KLMN profile⁠

Full PABU profile⁠