BlackRock World ex U.S. Carbon Transition Readiness ETF
Data updated: 2026-09-25
C000226202 — BlackRock World ex U.S. Carbon Transition Readiness ETF. Holdings, fees, performance and SEC filings.
C000226202 Fund Overview
BlackRock World ex U.S. Carbon Transition Readiness ETF is a US ETF managed by BlackRock ETF Trust, categorised as Developed ex-US Large Cap Growth Financials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: BlackRock ETF Trust
- Category: Developed ex-US Large Cap Growth Financials Equity
- Assets under management: $285.99M
- 1-year return: 25.5%
- SEC CIK: 0001761055
- SEC series ID: S000071282
- Share class ID: C000226202
C000226202 Investment Objective and Strategy
BlackRock World ex U.S. Carbon Transition Readiness ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock ETF Trust.
Investment objective
The iShares World ex U.S. Carbon Transition Readiness Aware Active ETF (formerly known as BlackRock World ex U.S. Carbon Transition Readiness ETF) (the Fund) seeks long-term capital appreciation by investing in large- and mid-capitalization World ex U.S. equity securities that may be better positioned to benefit from the transition to a low-carbon economy.
Principal investment strategy
The Fund seeks to outperform the price and yield performance of the MSCI World ex USA Index (Net) (the Underlying Index) before including Fund expenses by emphasizing Low Carbon Economy Transition Readiness (LCETR) score criteria based on proprietary BlackRock Fund Advisors (BFA) research. The Fund seeks to maintain an LCETR score that is at least 10% better than that of its Underlying Index (the uplift target). This assessment versus the Underlying Index is determined at the time of investment and the Fund may deviate from its uplift target due to, among other factors, market movements or changes in data. The Fund seeks to achieve its objective while matching the risk profile of its Underlying Index. The Fund selects portfolio securities that are components of the Underlying Index. The Underlying Index measures the performance of large- and mid-capitalization stocks across global developed market countries, excluding the United States.
The components of the Underlying Index are likely to change over time. The Fund may or may not hold all of the securities in the Underlying Index. The Fund utilizes BFAs proprietary LCETR strategy to overweight, relative to the Underlying Index, issuers that BFA believes are best positioned to benefit from the transition to a low-carbon economy, and to underweight issuers that it believes are poorly positioned to so benefit. BFA assigns a transition readiness (or LCETR) score to each issuer by aggregating research-driven insights across different sustainability themes, which may include, but are not limited to, energy production, clean technology, energy management, waste management and water management. Although a majority of the LCETR score will be comprised of environmental considerations, the score will also incorporate social and governance considerations, as well as certain non-sustainability signals, including financial signals.
The weighting of these inputs is determined and dynamically adjusted by BFA based on their assessed relative importance and prevailing market conditions. BFA uses the final score for each issuer to determine whether the Fund should overweight or underweight such issuer based on the issuers score in comparison to other issuers in the peer industry. BFAs methodology seeks to emphasize the Funds exposure to issuers with the highest LCETR scores while controlling for risk. The Fund may invest in issuers in all industries represented in the Funds Underlying Index, including those issuers that could be considered outside of LCETR investing. The Fund may invest in large- and mid-capitalization companies located outside the United States, including companies located in emerging markets. Equity securities in which the Fund may invest include common stocks, preferred stocks, warrants, depositary receipts, ETFs and equity interests in REITs and MLPs.
The Fund may also purchase convertible securities. The Fund may invest in certain futures, options and swap contracts. The Underlying Index is sponsored by MSCI Inc., which is independent of the Fund and BFA. MSCI Inc. determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
C000226202 Holdings
Top 10 holdings of BlackRock World ex U.S. Carbon Transition Readiness ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| ASML Holding NV | 2.69% |
| Royal Bank of Canada | 2.19% |
| Novartis AG | 1.61% |
| HSBC Holdings PLC | 1.46% |
| Blackrock Cash Funds Treasury Sl Agency Shares | 1.29% |
| AstraZeneca PLC | 1.23% |
| Sap SE | 1.22% |
| Banco Santander SA | 1.19% |
| Nestle SA | 1.19% |
| Schneider Electric SE | 1.19% |
C000226202 Portfolio Allocation
Asset-class allocation of BlackRock World ex U.S. Carbon Transition Readiness ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Cash & Equivalents | 1.6% |
C000226202 Performance
Total returns for C000226202 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.3% |
| 1 year | 25.5% |
| 3 years (annualised) | 14.7% |
| 5 years (annualised) | 7.8% |
C000226202 Risk Information
Risk metrics for C000226202, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.4%
C000226202 Costs and Fees
C000226202 costs about $22 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.22%
- Gross expense ratio: 0.37%
- Portfolio turnover: 39%
- Brokerage commissions: 1.17 bps of average net assets (SEC N-CEN)
C000226202 Cashflows
Over the 12 months to 2026-04, BlackRock World ex U.S. Carbon Transition Readiness ETF had net outflows of $27.54M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $0 |
| 2026-03 | $0 |
| 2026-02 | $0 |
| 2026-01 | $0 |
| 2025-12 | $0 |
| 2025-11 | −$27.54M |
C000226202 Debt Constituents
No individual debt constituents are reported in BlackRock World ex U.S. Carbon Transition Readiness ETF's latest SEC N-PORT filing.
C000226202 Prospectus and SEC Filings
Official BlackRock World ex U.S. Carbon Transition Readiness ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-05-04
- Prospectus (485BPOS) — filed 2025-11-21
- Prospectus (485BPOS) — filed 2024-11-27
- 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 2025-10-14
- Annual census (N-CEN) — filed 2024-10-15
Related Funds
Other Developed ex-US Large Cap Growth Financials Equity 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.