- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Jun 18, 2020
- Business
- iShares ESG Advanced MSCI EAFE Index ETF (DMXF) is an exchange-traded fund that seeks to track the investment results of the MSCI EAFE Choice ESG Screened Index, a free float-adjusted market capitalization-weighted index composed of large- and mid-capitalization companies from developed markets excluding the U.S. and Canada, selected for favorable environmental, social, and governance (ESG) ratings while applying extensive screens to exclude companies involved in controversial activities such as controversial weapons, civilian firearms, tobacco, nuclear weapons, biological and chemical weapons, and cluster munitions; the fund generally invests at least 90% of its assets in the component securities of the underlying index or in investments that provide similar economic exposure, employing a representative sampling technique to hold approximately 423 stocks with top holdings including ASML Holding, SAP SE, Novo Nordisk, Novartis AG, and Schneider Electric.
Launched on June 16, 2020, and sponsored by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., DMXF trades on the NASDAQ with a net expense ratio of 0.12%, semi-annual distributions, and total net assets exceeding $800 million; it primarily targets institutional and retail investors seeking ESG-integrated exposure to international equities in sectors such as healthcare, technology, industrials, and basic materials across Europe, Australasia, and the Far East regions.
In recent developments, DMXF has experienced steady asset growth and portfolio adjustments reflecting market dynamics and index rebalancing, including increased allocations to select holdings like Spotify Technology amid quarterly changes driven by share price movements; additionally, the broader iShares platform under BlackRock announced the rebranding of several ETFs to the iShares name in 2024 to unify product offerings, though DMXF was already branded as such, and an upcoming operational shift effective November 2025 will see Citibank, N.A. replace the prior administrator, custodian, and transfer agent for iShares funds including DMXF.