iShares MSCI ACWI ETF
Fund offered by:
BlackRock/iShares
Ticker: ACWI
Deforestation grade: F
This grade is based on how much money the fund has invested in three key deforestation-driving sectors: commodity producers, banks and lenders, and major consumer brands.
See how we track deforestation-risk investments
F
15.6%
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
186
HOLDINGS FLAGGED
16%
OF ASSETS FLAGGED
This fund contains
 $1.95 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
39 holdings
0.78% of assets
$96.7 MILLION invested
banks
Banks and lenders
35 holdings
2.71% of assets
$337.66 MILLION invested
consumers
Major consumer brands
126 holdings
12% of assets
$1.55 BILLION invested
Commodity producers
Commodity producers
39 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 F.
39 HOLDINGS
  • % of portfolio
    $ invested
  • 1. ITOCHU Corp
    Timber producerRubber producerPaper/pulp producerPalm oil producer
    0.06%0.06% of portfolio
    $8.04M$8.04M invested
    Timber producerRubber producerPaper/pulp producerPalm oil producer
  • 2. Mitsubishi Corp
    Palm oil producer
    0.06%0.06% of portfolio
    $7.32M$7.32M invested
    Palm oil producer
  • 3. Archer-Daniels Midland Co
    Soy producerPalm oil producer
    0.05%0.05% of portfolio
    $6.41M$6.41M invested
    Soy producerPalm oil producer
  • 4. Neste Corp
    Soy producerPalm oil producer
    0.05%0.05% of portfolio
    $5.81M$5.81M invested
    Soy producerPalm oil producer
  • 5. Glencore PLC
    Soy producerPalm oil producer
    0.04%0.04% of portfolio
    $5.24M$5.24M invested
    Soy producerPalm oil producer
View next 5
Banks and lenders
Banks and lenders
35 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).
35 HOLDINGS
  • % of portfolio
    $ invested
  • 1. JPMorgan Chase & Co
    0.59%0.59% of portfolio
    $73.61M$73.61M invested
  • 2. Bank of America Corp
    0.37%0.37% of portfolio
    $45.93M$45.93M invested
  • 3. Citigroup Inc
    0.17%0.17% of portfolio
    $21.29M$21.29M invested
  • 4. HSBC Holdings PLC
    0.17%0.17% of portfolio
    $21.11M$21.11M invested
  • 5. Commonwealth Bank of Australia
    0.16%0.16% of portfolio
    $20.35M$20.35M invested
View next 5
Major consumer brands
Major consumer brands
126 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).
126 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Amazon.com Inc
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    2.55%2.55% of portfolio
    $317.75M$317.75M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. Johnson & Johnson
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.72%0.72% of portfolio
    $89.56M$89.56M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 3. Procter & Gamble Co
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.67%0.67% of portfolio
    $83.47M$83.47M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 4. Nestle SA
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.66%0.66% of portfolio
    $82.48M$82.48M invested
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 5. The Home Depot Inc
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
    0.57%0.57% of portfolio
    $71.36M$71.36M invested
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
View next 5
View more info
DATA AS OF 10/30/20
Financial performance
Performance data provided byMorningstarFind more financial data on ACWI at Morningstar.com
Current fund
ACWI
iShares MSCI ACWI ETF
Family
BlackRock/iShares
Category
World Large Stock
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: 10/31/20
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 10-yr returns 
4.77% more in annualized returns
Less invested in commodity producers 
0.64% less invested
Less invested in banks and lenders 
0.88% less invested
More invested in major consumer brands 
3.65% more invested
Current fund
ACWI
iShares MSCI ACWI ETF
Family
BlackRock/iShares
Category
World Large Stock
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: 10/31/20
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 10-yr returns 
4.77% more in annualized returns
Less invested in commodity producers 
0.64% less invested
Less invested in banks and lenders 
0.88% less invested
More invested in major consumer brands 
3.65% more invested
Current fund
ACWI
iShares MSCI ACWI ETF
Family
BlackRock/iShares
Category
World Large Stock
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: 10/31/20
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 10-yr returns 
4.77% more in annualized returns
Less invested in commodity producers 
0.64% less invested
Less invested in banks and lenders 
0.88% less invested
More invested in major consumer brands 
3.65% more invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
ACWI - iShares MSCI ACWI ETF
4.95%
5.72%
8.35%
8.04%
0.78% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
-2.89%
-0.31%
4.13%
3.27%
1.41% 
Fund compared to benchmark
 
7.84%
6.03%
4.22%
4.77%
0.64%  lower
Find more financial data on ACWI at Morningstar.com
Take Action
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