![]() ![]() For further details regarding MSCI's methodology, see footnote 4 at the bottom of the page. Percentage sum of issuers within the fund that have been identified by MSCI ESG Research as having controversial weapons involvement including cluster munitions, landmines, depleted uranium weapons, biological/chemical weapons, blinding lasers, non-detectable fragments and incendiary weapons. ![]() Providers other than MSCI ESG Research may also prepare ESG ratings or scores using their own methodologies, which may be different than the methodology used by MSCI ESG Research. Sustainability Characteristics do not evaluate the ESG-related investment objectives of, or any ESG strategies used by, a fund and are not indicative of how well ESG factors are integrated by a fund. Sustainability Characteristics and Business Involvement metrics are updated monthly, subject to the availability of data. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research. This information should not be used to produce comprehensive lists of companies without involvement. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.īusiness Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. Please refer to the Disclosure section below to review the MSCI methodology behind Sustainability Characteristics.īusiness Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. For further details regarding MSCI's methodology, see footnote 2 at the bottom of the page. This allows for comparisons between funds of different sizes. This figure represents the estimated greenhouse gas emissions per $1 million in sales across the fund’s holdings. ![]() The MSCI Weighted Average Carbon Intensity measures a fund's exposure to carbon intensive companies. MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) For further details regarding MSCI’s methodology, see footnote 1 at the bottom of the page. Percentage of a fund's holdings that have MSCI ESG ratings data. For further details regarding MSCI's methodology, see footnote 1 at the bottom of the page. MSCI rates underlying holdings according to their exposure to industry specific ESG risks and their ability to manage those risks relative to peers. The Score also considers ESG Rating trend of holdings and the fund exposure to holdings in the laggard category. The MSCI ESG Quality Score (0 - 10) for funds is calculated using the weighted average of the ESG scores of fund holdings. ![]() The number of funds from the relevant Lipper Global Classification peer group that are also in ESG coverage. The fund peer group as defined by the Lipper Global Classification. The fund’s ESG percentile compared to its Lipper peer group. The ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC). The MSCI ESG Rating is calculated as a direct mapping of ESG Quality Scores to letter rating categories (e.g. For newly launched funds, sustainability characteristics are typically available 6 months after launch. To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |