# iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (PABD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pabd for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: IShares · Asset class: Equity - Strategy: Passive Index · Inception: 2024-01-17 This iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF aims to mirror the performance of an index that invests in large and mid-capitalization companies from developed markets outside the United States. The index is specifically engineered to meet the objectives of the Paris Agreement by collectively pursuing a trajectory of reduced carbon emissions, minimizing its susceptibility to climate-related physical and economic transition risks, and increasing its allocation to businesses poised for success in a low-carbon future. ## Key Facts | Metric | Value | |---|---| | Price | $67.99 | | Expense Ratio | 0.12% | | Assets Under Management | $323.0M | | NAV | $67.72 | | Holdings Count | 403 | | Distribution Yield (TTM) | 3.06% | | Annual Distribution (TTM) | $2.08 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $57.00 – $71.88 | | Beta | 0.64 | ## Latest Distribution - Amount: $1.0144 /share - Ex-date: 2026-06-15 - Pay date: 2026-06-18 ## Frequently Asked Questions ### What does PABD invest in? This iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF aims to mirror the performance of an index that invests in large and mid-capitalization companies from developed markets outside the United States. The index is specifically engineered to meet the objectives of the Paris Agreement by collectively pursuing a trajectory of reduced carbon emissions, minimizing its susceptibility to climate-related physical and economic transition risks, and increasing its allocation to businesses poised for success in a low-carbon future. ### What is the expense ratio of PABD? iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (PABD) charges an expense ratio of 0.12%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PABD? iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (PABD) manages $323.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PABD actively managed or an index fund? PABD is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (PABD's is 0.12%) because there's no security selection cost. ### When was PABD launched? iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (PABD) launched in January 2024 and is managed by IShares. ### How has PABD performed? PABD's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PABD pay a dividend? iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (PABD) currently distributes little or no income. Trailing-twelve-month yield is 3.06%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PABD pay dividends? iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PABD's dividend yield? PABD's trailing-twelve-month yield is 3.06%, calculated from the sum of dividends over the past year divided by the current price. ### When is PABD's next ex-dividend date? The most recently announced ex-dividend date for PABD was 2026-06-15. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will PABD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.12% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PABD charge its expense ratio? The expense ratio is deducted in tiny daily slices from PABD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PABD cost more than a fund like VOO? PABD is a passive index fund (current expense ratio 0.12%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to PABD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PABD (0.12%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pabd - Distribution history: https://www.dividenddata.com/funds/pabd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pabd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pabd/expenses - Peer comparison: https://www.dividenddata.com/funds/pabd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.