iShares World ex U.S. Carbon Transition Readiness Aware Active ETF
LCTD
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Apr 8, 2021
- Website
- ishares.com
- Similar Companies
- Business
- iShares World ex U.S. Carbon Transition Readiness Aware Active ETF (LCTD) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in large- and mid-capitalization equity securities from developed markets outside the United States, with a focus on companies positioned to benefit from the transition to a low-carbon economy. The fund employs BlackRock's proprietary low-carbon economy transition readiness (LCETR) scoring methodology, which evaluates companies across five key pillars including fossil fuels exposure, clean technology adoption, energy management, waste management, and water management; it also incorporates governance criteria such as management structures, employee relations, remuneration, and tax compliance to overweight issuers with superior scores while minimizing risks. LCTD trades on the NYSE Arca exchange, distributes dividends semi-annually or annually, maintains a net expense ratio of 0.22% after fee waivers, and had approximately $242 million in assets under management as of late 2025, with a portfolio of around 369 holdings primarily in developed markets (99.7%) and minimal emerging market exposure (0.3%). Managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., the ETF leverages advanced analytics, structured and unstructured data sources, and research-driven insights from BlackRock's Sustainable Investing unit, which has developed similar strategies with institutional investors since 2018. Top holdings as of recent data include Royal Bank of Canada (2.3%) and HSBC Holdings PLC (2.1%), reflecting exposure to financials and other sectors equipped for carbon transition. The fund targets institutional and retail investors seeking ESG-integrated global ex-U.S. equity exposure, benchmarking against the MSCI World ex USA Index while aiming to outperform on a pre-expense basis through active optimization for LCETR factors. Launched on April 6, 2021, LCTD achieved one of the largest ETF debuts in history, attracting approximately $500 million in initial investments from a consortium of global institutions including the California State Teachers’ Retirement System (CalSTRS), Temasek, Sura Asset Management, Varma Mutual Pension Insurance Company, Profuturo Group, FM Global, and RenaissanceRe. BlackRock, headquartered in New York with global operations, has since enhanced its sustainability ecosystem supporting products like LCTD through initiatives such as the Aladdin Climate platform for climate risk assessment and partnerships with data providers including Sustainalytics, Refinitiv, Rhodium Group, and Clarity AI to expand sustainability metrics. Recent activity includes regular dividend declarations, such as $0.7411 per share, and ongoing portfolio management amid market volatility, with no major acquisitions, name changes, or strategic shifts specific to LCTD reported in 2024 or 2025.