PABD ETF — iShares Paris-Aligned Climate MSCI World ex USA ETF

iShares Paris-Aligned Climate MSCI World ex USA ETF (PABD)

Updated October 16, 2026.

PABD is a low-cost ETF. its distribution rate is 2.99%, its trailing-12-month yield is 3.07%, its expense ratio is 0.12%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 45.7% over the past 2.7 years, 17.7 points behind SPY at 63.4%.

This ETF tracks a Paris-aligned climate index composed of large- and mid-cap developed market equities outside the United States, selected and weighted to align with the Paris Agreement's climate objectives through decarbonization, reduced exposure to climate transition and physical risks, and increased exposure to companies positioned favorably for the transition to a low-carbon economy. The fund carries a modest current distribution rate and distributes semi-annually, with a low expense ratio of 0.12%. It appeals to investors seeking equity exposure to developed markets outside the U.S. while incorporating environmental considerations aligned with climate goals.

PABD performance versus SPY

Price and return data through 2026-10-16.

Total return is 45.7% over the past 2.7 years, 17.7 points behind SPY at 63.4%. Over the past year its total return — price change plus distributions reinvested — is 8.9%. Its deepest 1-year drawdown was 12.6%.

PABD key facts

Distribution Safety Score™

50 · Unproven

Issuer

iShares

Asset type

ETF

Asset class

Equity

Inception date

01/17/2024

Expense ratio

0.12%

Distribution rate

2.99%

Distribution frequency

Semi-Annual

Trailing yield

3.07%

Last close

$67.79 (as of 2026-10-16)

AUM

$322,849,479

Average volume

265.0

Dividend

$1.014

Ex-dividend date

06/15/2026

Payment date

06/18/2026

Beta

0.983

How Dividend Vision calculates yield and returns

Distribution rate (2.99%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.07%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PABD risks and drawbacks

PABD's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 12.6%.

Who may consider PABD — and who may not

PABD may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (PABD pays semi-annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on PABD

• All tickers starting with P

Tagged: International.

Frequently asked questions

More securities from iShares.