iShares Global Clean Energy ETF
ETF
ICLN
Price as of:
$12.06
- $0.08
- 0.66%
Primary Theme
fund company
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-22.0%
1 yr return
-14.1%
3 Yr Avg Return
-20.3%
5 Yr Avg Return
3.8%
Net Assets
$2.49 B
Holdings in Top 10
56.2%
52 WEEK LOW AND HIGH
$12.1
$11.97
$15.73
Expenses
OPERATING FEES
Expense Ratio 0.41%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ICLN - Profile
Distributions
- YTD Total Return -22.0%
- 3 Yr Annualized Total Return -20.3%
- 5 Yr Annualized Total Return 3.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.07%
- Dividend Yield 1.6%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameiShares Global Clean Energy ETF
-
Fund Family NameBlackRock-advised Funds
-
Inception DateJun 24, 2008
-
Shares Outstanding252100000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGreg Savage
Fund Description
The Fund seeks to track the investment results of the S&P Global Clean Energy IndexTM (the “Underlying Index”), which is designed to track the performance of approximately 100 clean energy-related companies. The Underlying Index is a subset of the S&P Global Broad Market Index and includes stocks traded on developed and emerging market exchanges which meet or exceed, at the time of inclusion, $300 million in total market capitalization, $100 million in float- adjusted market capitalization, and $3 million median daily value traded over a six-month period (or $2 million for existing constituents).
S&P Dow Jones Indices LLC (the “Index Provider”) uses Global Industry Classification Standard (“GICS”) and FactSet’s Revere Business Industry Classification System (“RBICS”) classifications along with Trucost Power Generation Data (“Trucost”) for utility companies to determine the eligible universe. Companies that derive at least 25% in aggregate revenue from clean energy related businesses as defined by RBICS data, companies in the Electric Utilities, Multi-Utilities, or Independent Power Producers & Energy Traders sub-industries that generate at least 20% of their power from renewable sources as measured by Trucost data, and companies in the GICS “renewable utilities” sub-industry form the preliminary universe. In addition, the Index Provider uses company exclusion criteria related to business activity (e.g., controversial weapons, tobacco, thermal coal, etc.) and other exclusion guidelines based on a company’s compliance with the United Nations Global Compact (“UNGC”) provided by Sustainalytics. Effective with the index review in October 2024, the Index Provider will utilize measurements from S&P Global Business Involvement Screens when monitoring the company exclusion criteria related to business activity (e.g., controversial weapons, tobacco, thermal coal, etc.). Lastly, the Index Provider uses RepRisk, a leading provider of business intelligence on environmental, social, and governance risks, for screening and
analysis of controversies related to companies within the index. Companies without coverage are ineligible for index inclusion until they receive such coverage.
The Index Provider defines clean energy exposure scores “exposure scores”) for each company based on its primary business. The Index Provider also calculates carbon-to-revenue footprint standards and excludes those companies with a high carbon-to-revenue footprint standard score determined by the Index Provider. All remaining companies with a high exposure score are selected for the Underlying Index. If the Underlying Index does not have 100 constituents, companies with lower exposure scores are selected, based on market-capitalization, until a constituent count of 100 is reached. If, after a constituent count of 100 is reached, the weighted average exposure score is lower than certain thresholds, companies with low exposure scores will be removed from the Underlying Index. Therefore, while the Underlying Index targets a constituent count of 100 securities, it may be comprised of greater or fewer than 100 securities. As of April 30, 2024, there were 100 constituents in the Underlying Index.
Constituents are weighted based on a product of the constituent’s float-adjusted market capitalization and exposure score, with weights of constituents capped based on their exposure score and liquidity weight. The Index Provider determines liquidity weight based on the relative six-month median daily value of a security compared to that measure for the overall index. In addition, the cumulative weight of all stocks within the Underlying Index that have a weight greater than 4.5% cannot exceed 40%. As of April 30, 2024, the Underlying Index comprised securities of companies in the following countries or regions: Austria, Brazil, Canada, Chile, China, Denmark, France, Germany, India, Indonesia, Israel, Italy, Japan, New Zealand, Norway, Portugal, South Korea, Spain, Switzerland, Taiwan, Turkey, and the U.S. The Underlying Index may include large-, mid- or small-capitalization companies. As of April 30, 2024, a significant portion of the Underlying Index is represented by securities of companies in the industrials, technology and utilities industries or sectors. The components of the Underlying Index are likely to change over time.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield)
and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund generally will invest at least 80% of its assets in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of its Underlying Index (i.e., depositary receipts representing securities of the Underlying Index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index is a product of the Index Provider, which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
ICLN - Performance
Return Ranking - Trailing
| Period | ICLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -22.0% | -35.1% | 100.1% | 85.29% |
| 1 Yr | -14.1% | -29.5% | 116.0% | 82.35% |
| 3 Yr | -20.3%* | -45.2% | 22.2% | 70.59% |
| 5 Yr | 3.8%* | -26.0% | 26.8% | 71.88% |
| 10 Yr | 3.6%* | -1.8% | 16.7% | 76.47% |
* Annualized
Return Ranking - Calendar
| Period | ICLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -21.6% | -34.8% | 38.7% | 91.18% |
| 2022 | -6.2% | -72.7% | 8.2% | 23.53% |
| 2021 | -25.0% | -31.7% | 27.4% | 87.88% |
| 2020 | 140.3% | -29.0% | 233.6% | 15.63% |
| 2019 | 42.3% | -2.0% | 66.0% | 14.81% |
Total Return Ranking - Trailing
| Period | ICLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -22.0% | -35.1% | 100.1% | 85.29% |
| 1 Yr | -14.1% | -29.5% | 116.0% | 82.35% |
| 3 Yr | -20.3%* | -45.2% | 22.2% | 70.59% |
| 5 Yr | 3.8%* | -26.0% | 26.8% | 71.88% |
| 10 Yr | 3.6%* | -1.8% | 16.7% | 76.47% |
* Annualized
Total Return Ranking - Calendar
| Period | ICLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -20.4% | -33.0% | 39.0% | 94.12% |
| 2022 | -5.4% | -72.7% | 8.2% | 29.41% |
| 2021 | -24.2% | -31.7% | 28.3% | 87.88% |
| 2020 | 141.8% | -28.9% | 233.9% | 15.63% |
| 2019 | 44.3% | 0.4% | 66.5% | 14.81% |
ICLN - Holdings
Concentration Analysis
| ICLN | Category Low | Category High | ICLN % Rank | |
|---|---|---|---|---|
| Net Assets | 2.49 B | 3.78 M | 31.2 B | 17.65% |
| Number of Holdings | 106 | 20 | 389 | 26.47% |
| Net Assets in Top 10 | 1.22 B | 2.31 M | 5.86 B | 8.82% |
| Weighting of Top 10 | 56.17% | 11.2% | 90.4% | 50.00% |
Top 10 Holdings
- Enphase Energy Inc 7.92%
- First Solar Inc 7.35%
- BlackRock Cash Funds: Institutional, SL Agency Shares 7.04%
- Consolidated Edison Inc 6.33%
- Iberdrola SA 6.02%
- Vestas Wind Systems A/S 5.84%
- China Yangtze Power Co Ltd 4.09%
- EDP SA 4.02%
- Chubu Electric Power Co Inc 3.81%
- Orsted AS 3.75%
Asset Allocation
| Weighting | Return Low | Return High | ICLN % Rank | |
|---|---|---|---|---|
| Stocks | 97.17% | 0.00% | 101.10% | 52.94% |
| Cash | 7.13% | 0.00% | 99.38% | 55.88% |
| Preferred Stocks | 2.33% | 0.00% | 45.05% | 20.59% |
| Other | 0.00% | -7.62% | 91.95% | 44.12% |
| Convertible Bonds | 0.00% | 0.00% | 3.05% | 90.91% |
| Bonds | 0.00% | 0.00% | 97.85% | 88.24% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ICLN % Rank | |
|---|---|---|---|---|
| Utilities | 39.66% | 0.00% | 85.14% | 16.00% |
| Technology | 34.82% | 0.00% | 72.56% | 24.00% |
| Industrials | 20.63% | 0.00% | 90.47% | 28.00% |
| Basic Materials | 3.24% | 0.00% | 17.92% | 36.00% |
| Energy | 1.64% | 0.00% | 32.10% | 24.00% |
| Real Estate | 0.00% | 0.00% | 16.54% | 96.00% |
| Healthcare | 0.00% | 0.00% | 65.82% | 92.00% |
| Financial Services | 0.00% | 0.00% | 95.51% | 96.00% |
| Communication Services | 0.00% | 0.00% | 16.38% | 92.00% |
| Consumer Defense | 0.00% | 0.00% | 50.44% | 92.00% |
| Consumer Cyclical | 0.00% | 0.00% | 34.19% | 100.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ICLN % Rank | |
|---|---|---|---|---|
| Non US | 62.26% | 0.00% | 82.82% | 8.82% |
| US | 34.91% | 0.00% | 101.10% | 76.47% |
ICLN - Expenses
Operational Fees
| ICLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.41% | 0.41% | 5.61% | 100.00% |
| Management Fee | 0.41% | 0.25% | 1.90% | 17.65% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.19% | N/A |
Sales Fees
| ICLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| ICLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| ICLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 124.00% | 62.50% |
ICLN - Distributions
Dividend Yield Analysis
| ICLN | Category Low | Category High | ICLN % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.59% | 0.00% | 12.45% | 26.47% |
Dividend Distribution Analysis
| ICLN | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| ICLN | Category Low | Category High | ICLN % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.07% | -2.66% | 5.19% | 11.76% |
Capital Gain Distribution Analysis
| ICLN | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 11, 2024 | $0.096 | OrdinaryDividend |
| Dec 20, 2023 | $0.123 | OrdinaryDividend |
| Jun 07, 2023 | $0.125 | OrdinaryDividend |
| Dec 13, 2022 | $0.036 | OrdinaryDividend |
| Jun 09, 2022 | $0.140 | OrdinaryDividend |
| Dec 30, 2021 | $0.012 | Extra |
| Dec 13, 2021 | $0.114 | OrdinaryDividend |
| Jun 10, 2021 | $0.124 | OrdinaryDividend |
| Dec 30, 2020 | $0.014 | Extra |
| Dec 14, 2020 | $0.030 | OrdinaryDividend |
| Jun 15, 2020 | $0.053 | OrdinaryDividend |
| Dec 16, 2019 | $0.082 | OrdinaryDividend |
| Jun 17, 2019 | $0.078 | OrdinaryDividend |
| Dec 18, 2018 | $0.105 | OrdinaryDividend |
| Jun 19, 2018 | $0.124 | OrdinaryDividend |
| Dec 21, 2017 | $0.089 | OrdinaryDividend |
| Jun 20, 2017 | $0.143 | OrdinaryDividend |
| Dec 22, 2016 | $0.145 | OrdinaryDividend |
| Jun 21, 2016 | $0.161 | OrdinaryDividend |
| Dec 21, 2015 | $0.076 | OrdinaryDividend |
| Jun 24, 2015 | $0.156 | OrdinaryDividend |
| Dec 19, 2014 | $0.176 | OrdinaryDividend |
| Jun 24, 2014 | $0.098 | OrdinaryDividend |
| Dec 17, 2013 | $0.123 | OrdinaryDividend |
| Jun 25, 2013 | $0.097 | OrdinaryDividend |
| Dec 27, 2012 | $0.037 | ExtraDividend |
| Dec 17, 2012 | $0.087 | OrdinaryDividend |
| Jun 20, 2012 | $0.152 | OrdinaryDividend |
| Dec 19, 2011 | $0.228 | OrdinaryDividend |
| Jun 21, 2011 | $0.173 | OrdinaryDividend |
| Dec 29, 2010 | $0.037 | ExtraDividend |
| Dec 20, 2010 | $0.109 | OrdinaryDividend |
| Jun 21, 2010 | $0.154 | OrdinaryDividend |
| Dec 21, 2009 | $0.169 | OrdinaryDividend |
| Jun 22, 2009 | $0.122 | OrdinaryDividend |
| Dec 23, 2008 | $0.063 | OrdinaryDividend |
ICLN - Fund Manager Analysis
Managers
Greg Savage
Start Date
Tenure
Tenure Rank
Jun 24, 2008
13.94
13.9%
Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.
Jennifer Hsui
Start Date
Tenure
Tenure Rank
Aug 01, 2012
9.84
9.8%
Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.
Amy Whitelaw
Start Date
Tenure
Tenure Rank
Aug 01, 2018
3.83
3.8%
Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.
Paul Whitehead
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 1.25 | 23.1 | 9.26 | 22.93 |