iShares Core MSCI EAFE ETF

Shareclass

iShares Core MSCI EAFE ETF (IEFA)

Type

Exchange-traded fund

Manager

Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 1.5%. Assigned a grade of F.
How we track deforestation-risk investments

17.57%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

103

holdings flagged

18%

of assets flagged

This fund contains

$17.93 BILLION invested

in holdings flagged for deforestation risk

BlackRock, the world's largest investment firm, is among the world's top investors in the agribusiness companies responsible for destroying our tropical rainforests. To make the urgent transformations needed to end global deforestation and reign in the climate crisis, BlackRock needs to change its ways. Tell BlackRock to adopt a No Deforestation Policy!

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Commodity producers

24 holdings

1.59% of assets

$1.62 BILLION invested

Banks and lenders

20 holdings

5.54% of assets

$5.65 BILLION invested

Major consumer brands

66 holdings

11% of assets

$11.24 BILLION invested

Commodity producers

24 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

24 HOLDINGS

% of portfolio
$ invested
1. Glencore PLC
0.34%0.34% of portfolio
$349.41M$349.41M invested
2. Mitsubishi Corp
0.33%0.33% of portfolio
$339.6M$339.6M invested
3. ITOCHU Corp
0.25%0.25% of portfolio
$260.01M$260.01M invested
4. Marubeni Corp
0.14%0.14% of portfolio
$144.46M$144.46M invested
5. UPM-Kymmene Oyj
0.09%0.09% of portfolio
$95.72M$95.72M invested

View next 5

Banks and lenders

20 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

20 HOLDINGS

% of portfolio
$ invested
1. HSBC Holdings PLC
0.89%0.89% of portfolio
$907.17M$907.17M invested
2. Commonwealth Bank of Australia
0.63%0.63% of portfolio
$647.38M$647.38M invested
3. Mitsubishi UFJ Financial Group Inc
0.5%0.5% of portfolio
$505.93M$505.93M invested
4. BNP Paribas Act. Cat.A
0.39%0.39% of portfolio
$400.32M$400.32M invested
5. Sumitomo Mitsui Financial Group Inc
0.33%0.33% of portfolio
$334.81M$334.81M invested

View next 5

Major consumer brands

66 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

66 HOLDINGS

% of portfolio
$ invested
1. Nestle SA
1.82%1.82% of portfolio
$1.86B$1.86B invested
2. LVMH Moet Hennessy Louis Vuitton SE
1.37%1.37% of portfolio
$1.4B$1.4B invested
3. Shell PLC
1.1%1.1% of portfolio
$1.12B$1.12B invested
4. Unilever PLC
0.73%0.73% of portfolio
$747.47M$747.47M invested
5. L'Oreal SA
0.6%0.6% of portfolio
$611.33M$611.33M invested

View next 5

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DATA AS OF 28 Jul 2023

Sustainability report card

As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.

iShares Core MSCI EAFE ETF IEFA

Environment

Fossil fuels
Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation
Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality
Gender equality group ranking, based on Equileap company data

Civilian firearms
Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex
Investments in prisons and borders industry, including private prison operators

Military weapons
Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco
Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on IEFA at Morningstar.com

Current fund

IEFA

iShares Core MSCI EAFE ETF

Family

BlackRock/iShares

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/23

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

0.86% more in annualized returns

Less invested in commodity producers

0.02% less invested

More invested in banks and lenders

0.86% more invested

More invested in major consumer brands

2.33% more invested

Current fund

IEFA

iShares Core MSCI EAFE ETF

Family

BlackRock/iShares

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/23

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

0.86% more in annualized returns

Less invested in commodity producers

0.02% less invested

More invested in banks and lenders

0.86% more invested

More invested in major consumer brands

2.33% more invested

Current fund

IEFA

iShares Core MSCI EAFE ETF

Family

BlackRock/iShares

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/23

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

0.86% more in annualized returns

Less invested in commodity producers

0.02% less invested

More invested in banks and lenders

0.86% more invested

More invested in major consumer brands

2.33% more invested

Month-end trailing returns

Performance as of date: 7/31/23

Morningstar suggested benchmark: MSCI ACWI Ex USA NR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
IEFA - iShares Core MSCI EAFE ETF

15%

9.01%

4.37%

5.47%

1.59%

Benchmark

13%

3.73%

4.62%

1.61%

Fund compared to benchmark

1.98%

2.01%

0.65%

0.86%

0.02% lower

Find more financial data on IEFA at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

SUPPORT THE PETITION

Find top-graded funds that avoid deforestation-risk investments.

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Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.

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