iShares Core MSCI Australia ESG Leaders ETF (IESG)
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/106502-2023-10-26-02:33.pdf |
FUND MANAGER | BlackRock Investment Management (Australia) |
ASX Code | IESG* |
APIR | |
ASSET CLASS | EXCHANGE TRADED FUNDS |
INVESTMENT STYLE | The Fund generally invests in the equity securities that form the Index. |
INVESTMENT PROFILE | The Fund aims to provide investors with the performance of the Benchmark, before fees and expenses. |
CURRENCY MANAGEMENT | Hedged |
INCEPTION DATE | 02-06-2021 |
BENCHMARK | MSCI Australia IMI Custom ESG Leaders Index |
FUND SIZE | MSCI Australia IMI Custom ESG Leaders Index |
DISTRIBUTION FREQUENCY | Quarterly |
NO. OF HOLDINGS | Around 100 |
FEES | 0.09% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of iShares iShares ETFs are managed funds listed or quoted on exchanges (including ASX) providing you with the opportunity to gain exposure to a diversified portfolio of assets in a single transaction. The significant benefits of investing in the Funds include:
Other benefits of investing in iShares ETFs generally include:
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RISK LEVEL | |
INVESTOR SUITABILITY | This product is likely to be appropriate for a consumer seeking capital growth with a medium to high risk/return profile. This product is unlikely to be appropriate for a consumer with a short investment timeframe. |
Risks
Title | |
Detail |
Key Features
About the FundThe Fund aims to provide investors with the performance of the MSCI Australia IMI Custom ESG Leaders Index, before fees and expenses. The objective of the Fund is to provide exposure to large, mid and small cap segments of the Australian market with better sustainability credentials relative to their sector peers. Why IESG?1. Access a broad universe of large, mid & small-cap companies in Australia, with leading ESG practices within their industry |
Mandate
How we invest your money The Fund seeksto achieve its objective by tracking the performance of the MSCI Australia IMI Custom ESG Leaders Index (referred to in this section 9 of the PDS as the Index). We will generally implement a full replication investment strategy to track the performance of the Index as risk relative to the Index is minimised. Our full‐replication approach normally aims to purchase every security in the Index, while considering transaction costs. However, where full replication is not possible, due to liquidity and transaction cost considerations, an optimisation investment strategy may be used. Optimisation is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalisation and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures, similar to those of the Index. Therefore, the Fund may or may not hold all of the securities in the Index and the weighting of the securities held by the Fund may differ to the weighting of securities in the Index. About the Index The Index is a free float‐adjusted market capitalisation weighted index that aims to reflect the performance characteristics of a subset of equity securities within the MSCI Australia IMI Index (referred to in this section 9 of the PDS as the Parent Index) that have high Environmental, Social and Governance (ESG) ratings relative to their sector peers. The Parent Index is designed measure the performance of the large, mid and small cap segments of the Australia market. The Index aims to target sector weights that reflect the relative sector weights of the Parent Index to limit the systematic risk introduced by the ESG selection process. Overall, the Index targets coverage of 50% of the Parent index. Once the eligible universe has been confirmed, for each sector, securities in the universe are ranked based on ESG rating, ESG trend, current index membership, industry adjusted ESG Scores and finally decreasing free‐float market capitalisation. For each sector, eligible securities are then selected from the ranked universe until the target 50% coverage by cumulative free float‐adjusted market capitalization is reached. In order to avoid over concentration in any one security, constituents in the Index are also capped at the maximum of 10% or 2.5% + the Parent Index weight. |