iShares Developed Real Estate Index Fund
Data updated: 2026-09-25
C000159045 — iShares Developed Real Estate Index Fund. Global (incl. US) Real Estate · $314.10M AUM. Holdings, fees, performance and SEC filings.
C000159045 Fund Overview
iShares Developed Real Estate Index Fund is a US mutual fund managed by Blackrock Funds, categorised as Global (incl. US) Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Blackrock Funds
- Category: Global (incl. US) Real Estate
- Assets under management: $314.10M
- 1-year return: 17.6%
- SEC CIK: 0000844779
- SEC series ID: S000050371
- Share class ID: C000159045
C000159045 Investment Objective and Strategy
iShares Developed Real Estate Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Blackrock Funds.
Investment objective
The investment objective of iShares Developed Real Estate Index Fund (the Fund), a series of BlackRock Funds SM (the Trust), is to seek to track the investment results of an index composed of real estate equities in developed markets.
Principal investment strategy
The Fund seeks to track the investment results of the FTSE EPRA Nareit Developed Index (the Underlying Index), which measures the stock performance of companies engaged in the ownership, disposal and development of income-producing real estate in developed countries as defined by FTSE EPRA Nareit. As of April 30, 2026, the Underlying Index was comprised of stocks of companies in the following markets: Australia, Austria, Belgium, Canada, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Korea, the Netherlands, New Zealand, Norway, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. The Underlying Index may include large-, mid- or small-capitalization companies, and components primarily include real estate investment trusts (REITs). The components of the Underlying Index, and the degree to which these components represent certain industries, may change over time.
BlackRock 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 the 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 the Underlying Index. The Fund may or may not hold all of the securities in the Underlying Index. The Fund generally invests at least 90% of its assets, plus the amount of any borrowing for investment purposes, in securities of the Underlying Index and in depositary receipts representing securities of the Underlying Index.
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 concentrates in the securities of a particular industry or group of industries.
C000159045 Holdings
Top 10 holdings of iShares Developed Real Estate Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Welltower Inc | 7.90% |
| Prologis Inc | 6.43% |
| Equinix Inc | 4.79% |
| Simon Property Group Inc | 3.50% |
| Digital Realty Trust Inc | 3.25% |
| Realty Income Corp | 2.84% |
| Public Storage | 2.60% |
| Ventas Inc | 2.16% |
| Goodman Group | 1.98% |
| Iron Mountain Inc | 1.72% |
C000159045 Portfolio Allocation
Asset-class allocation of iShares Developed Real Estate Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
| Cash & Equivalents | 0.6% |
C000159045 Performance
Total returns for C000159045 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.9% |
| 1 year | 17.6% |
| 3 years (annualised) | 9.4% |
| 5 years (annualised) | 2.6% |
C000159045 Risk Information
Risk metrics for C000159045, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.3%
C000159045 Costs and Fees
C000159045 costs about $51 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.51%
- Gross expense ratio: 0.73%
- Portfolio turnover: 24%
- Brokerage commissions: 1.37 bps of average net assets (SEC N-CEN)
C000159045 Cashflows
Over the 12 months to 2026-04, iShares Developed Real Estate Index Fund had net inflows of $57.39M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $4.85M |
| 2026-03 | $3.71M |
| 2026-02 | −$4.24M |
| 2026-01 | $9.48M |
| 2025-12 | $21.10M |
| 2025-11 | $3.44M |
C000159045 Debt Constituents
No individual debt constituents are reported in iShares Developed Real Estate Index Fund's latest SEC N-PORT filing.
C000159045 Prospectus and SEC Filings
Official iShares Developed Real Estate Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-05-23
- Prospectus (485BPOS) — filed 2024-05-22
- Prospectus supplement (497) — filed 2026-06-01
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-26
- Annual census (N-CEN) — filed 2026-04-15
- Annual census (N-CEN) — filed 2025-04-15
Related Funds
Other Global (incl. US) Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.