iShares Core MSCI EAFE ETF
Fund offered by:
BlackRock/iShares
Ticker: IEFA
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments
D
16.99%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
104
holdings flagged
17%
of assets flagged
This fund contains
 $16.09 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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producers
Commodity producers
23 holdings
1.48% of assets
$1.4 BILLION invested
banks
Banks and lenders
21 holdings
5.21% of assets
$4.94 BILLION invested
consumers
Major consumer brands
67 holdings
11% of assets
$10.24 BILLION invested
Commodity producers
Commodity producers
23 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%.
23 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Glencore PLC
    Soy producerPalm oil producer
    0.34%0.34% of portfolio
    $326.83M$326.83M invested
    Soy producerPalm oil producer
  • 2. Mitsubishi Corp
    Palm oil producer
    0.24%0.24% of portfolio
    $225.34M$225.34M invested
    Palm oil producer
  • 3. ITOCHU Corp
    Timber producerRubber producerPaper/pulp producerPalm oil producer
    0.2%0.2% of portfolio
    $190.91M$190.91M invested
    Timber producerRubber producerPaper/pulp producerPalm oil producer
  • 4. UPM-Kymmene Oyj
    Timber producerPaper/pulp producer
    0.1%0.1% of portfolio
    $98.39M$98.39M invested
    Timber producerPaper/pulp producer
  • 5. Neste Corp
    Soy producerPalm oil producer
    0.1%0.1% of portfolio
    $97.09M$97.09M invested
    Soy producerPalm oil producer
View next 5
Banks and lenders
Banks and lenders
21 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).
21 HOLDINGS
  • % of portfolio
    $ invested
  • 1. HSBC Holdings PLC
    0.72%0.72% of portfolio
    $678.15M$678.15M invested
  • 2. Commonwealth Bank of Australia
    0.7%0.7% of portfolio
    $664.45M$664.45M invested
  • 3. National Australia Bank Ltd
    0.42%0.42% of portfolio
    $401.57M$401.57M invested
  • 4. Mitsubishi UFJ Financial Group Inc
    0.39%0.39% of portfolio
    $368.3M$368.3M invested
  • 5. Westpac Banking Corp
    0.35%0.35% of portfolio
    $329.33M$329.33M invested
View next 5
Major consumer brands
Major consumer brands
67 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).
67 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Nestle SA
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    2.04%2.04% of portfolio
    $1.93B$1.93B invested
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. Shell PLC
    Soy major consumer brandPalm oil major consumer brand
    1.17%1.17% of portfolio
    $1.11B$1.11B invested
    Soy major consumer brandPalm oil major consumer brand
  • 3. LVMH Moet Hennessy Louis Vuitton SE
    Cattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    1.01%1.01% of portfolio
    $960.76M$960.76M invested
    Cattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 4. Unilever PLC
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.67%0.67% of portfolio
    $634.86M$634.86M invested
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 5. L'Oreal SA
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.52%0.52% of portfolio
    $488.82M$488.82M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
View next 5
View more info
DATA AS OF 4/29/22
Financial performance
Performance data provided byMorningstarFind more financial data on IEFA at Morningstar.com
Current fund
IEFA
iShares Core MSCI EAFE ETF
Family
BlackRock/iShares
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 5-yr returns 
0.18% more in annualized returns
Less invested in commodity producers 
0.03% less invested
More invested in banks and lenders 
0.75% more invested
More invested in major consumer brands 
2.22% more invested
Current fund
IEFA
iShares Core MSCI EAFE ETF
Family
BlackRock/iShares
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 5-yr returns 
0.18% more in annualized returns
Less invested in commodity producers 
0.03% less invested
More invested in banks and lenders 
0.75% more invested
More invested in major consumer brands 
2.22% more invested
Current fund
IEFA
iShares Core MSCI EAFE ETF
Family
BlackRock/iShares
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 5-yr returns 
0.18% more in annualized returns
Less invested in commodity producers 
0.03% less invested
More invested in banks and lenders 
0.75% more invested
More invested in major consumer brands 
2.22% more invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
IEFA - iShares Core MSCI EAFE ETF
-9.75%
4.33%
4.79%
/
1.48% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
-11.36%
3.75%
4.61%
4.79%
1.51% 
Fund compared to benchmark
 
1.61%
0.58%
0.18%
/
0.03%  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.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
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