ETF Evaluator:
iShares MSCI BIC ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Diversified Emerging Mkts Over the Last Year
| 114.0% | Nomura Focused Emerging Mrkts Eq ETF (EMEQ) |
| 81.0% | FT EM Human Flourishing ETF (FTHF) |
| 68.7% | First Trust Bloomberg Emr Mkt Dem ETF (EMDM) |
| 67.8% | Freedom 100 Emerging Markets ETF (FRDM) |
| 59.4% | Pacific NoS Global EM Equity Active ETF (GEME) |
Risk
Index
Risk
Index
ETF Details
iShares MSCI BIC ETF Overview
iShares MSCI BIC ETF (BKF) is a passively managed International Equity Diversified Emerging Mkts exchange-traded fund (ETF). iShares launched the ETF in 2007.
The investment seeks to track the investment results of the MSCI BIC Index.
The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is a free float-adjusted market capitalization index that is designed to measure the combined equity market performance in Brazil, India and China (“BIC”).
About iShares MSCI BIC ETF (BKF)
There are 4 members of the management team with an average tenure of 4.40 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI EM NR USD index with a weighting of 100% and MSCI BIC NR USD. index with a weighting of 100%. iShares MSCI BIC ETF has 715 securities in its portfolio. The top 10 holdings constitute 27.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares MSCI BIC ETF is part of the Equity global asset class and is within the International Equity ETF group. iShares MSCI BIC ETF has 98.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.9% There is 98.8% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares MSCI BIC ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $78 million in total assets, which is below the $3 billion average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BKF Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares MSCI BIC ETF expense ratio is above average compared to funds in the Diversified Emerging Mkts category. iShares MSCI BIC ETF has an expense ratio of 0.72%, which is 39% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares MSCI BIC ETF has a portfolio turnover rate of 13%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 44% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, iShares MSCI BIC ETF returned 6.0%, which earned it a grade of A, as the Diversified Emerging Mkts category had an average return of -3.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares MSCI BIC ETF has a trailing yield of 1.54%, which is below the 2.41% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares MSCI BIC ETF Grades
Year to date, the ETF has returned -5.5%, 22.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 0.6% over the past year (grade of F), 5.6% over the past three years (grade of F) and -1.5% per year over the past five years (grade of F) and 4.5% per year over the past 10 years (grade of F).
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BKF Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BKF Return (NAV) | 6.0% | -1.9% | 0.6% | 5.6% | -1.5% | 4.5% |
| BKF Return (Price) | 6.1% | -2.7% | 0.9% | 5.3% | -1.5% | 4.5% |
| NAV +/- Price Return | -0.051% | 0.752% | -0.274% | 0.235% | 0.017% | 0.037% |
| Diversified Emerging Mkts Avg | -3.0% | 3.0% | 31.9% | 16.6% | 7.1% | 7.8% |
| BKF Grade (NAV) | A | F | F | F | F | F |
| +/- Category (NAV) | 9.1% | -4.9% | -31.3% | -11.0% | -8.6% | -3.2% |
| BKF Tax-Cost Ratio | na | na | 0.5% | 0.7% | 0.7% | 0.6% |
BKF Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BKF Return (NAV) | -5.5% | 21.3% | 9.4% | 1.5% | -21.8% | -12.3% | 17.4% | 22.0% | -13.6% | 40.8% | 11.3% |
| BKF Return (Price) | -5.8% | 22.3% | 9.2% | 1.3% | -21.8% | -11.8% | 16.5% | 22.9% | -13.8% | 41.8% | 11.0% |
| NAV +/- Price Ret | 0.070% | 0.047% | -0.024% | -0.123% | -0.000% | -0.041% | -0.049% | 4.0% | 1.7% | 2.4% | -2.8% |
| Diversified Emerging Mkts Avg | 17.1% | 29.2% | 6.7% | 12.8% | -18.8% | 2.3% | 12.7% | 18.2% | -14.6% | 33.7% | 10.9% |
| BKF Grade (NAV) | F | F | B | F | F | F | B | A | C | A | C |
| +/- Category | -22.6% | -7.9% | 2.8% | -11.3% | -3.0% | -14.6% | 4.7% | 3.8% | 1.1% | 7.1% | 0.3% |
| Risk Measures | |
| Beta: | 0.56 |
| R-Squared: | 33% |
| Standard Deviation: | 13.6% |
| Category Risk Index: | 0.84 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.11 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.5% |
| Total Assets: | $ 78 Mil |
| Share Class Assets: | $ 78 Mil |
| Turnover: | 13.0% |
| Expense Ratio: | 0.72% |
| Index Fund: | Yes |
| Index Tracked: | MSCI EM NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.6 years | |||
| Average Tenure: 4.4 years | |||
| Managers (Year): Hsui Jennifer (2012), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 715 |
| % in Top 10 Holdings: | 27.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.9% |
| Foreign Stock: | 98.8% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | ca.ishares.com/home.htm |
| Inception Date: | November 12, 2007 |
Expenses and Fees
| Expense Ratio (%): | 0.72% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.52% |
