Fund Evaluator:

iShares MSCI Total Intl Idx Instl Overview

iShares MSCI Total Intl Idx Instl (BDOIX) is a passively managed International Equity Foreign Large Blend fund. BlackRock launched the fund in 2011.

The investment seeks to match the performance of the MSCI All Country World ex USA Index in U.S. dollars with net dividends as closely as possible before the deduction of fund expenses. The fund is a "feeder" fund that invests all of its assets in the master portfolio. It will be substantially invested in equity securities in the MSCI ACWI ex USA Index, and will invest, under normal circumstances, at least 80% of its net assets in securities or other financial instruments that are components of or have economic characteristics similar to the securities included in the MSCI ACWI ex USA Index.

About iShares MSCI Total Intl Idx Instl (BDOIX)

There are 4 members of the management team with an average tenure of 3.58 years: Jennifer Hsui (2016), Peter Sietsema (2025), Matt Waldron (2025), Steven White (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. iShares MSCI Total Intl Idx Instl has 1812 securities in its portfolio. The top 10 holdings constitute 17.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

iShares MSCI Total Intl Idx Instl is part of the Equity global asset class and is within the International Equity fund group. iShares MSCI Total Intl Idx Instl has 99.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.5%. There is 99.1% allocated to foreign stock, and 0.0% 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 Total Intl Idx Instl has -0.6% of the portfolio in cash.

Assets Under Management

The fund has $900 million in total assets, which is below the $2 billion average for the Foreign Large Blend 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.

BDOIX 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 Total Intl Idx Instl expense ratio is low compared to funds in the Foreign Large Blend category. iShares MSCI Total Intl Idx Instl has an expense ratio of 0.14%, which is 85% lower than its category average, making the fund expense ratio grade a A. 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 Total Intl Idx Instl has a portfolio turnover rate of 123%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.

Recently, in the month of July 2026, iShares MSCI Total Intl Idx Instl returned -0.8%, which earned it a grade of D, as the Foreign Large Blend category had an average return of 0.7%. 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 funds in that category.

iShares MSCI Total Intl Idx Instl has a trailing yield of 2.63%, which is above the 2.17% category average. The fund normally distributes its income quarterly 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 Total Intl Idx Instl Grades

Year to date, the fund has returned 13.8%, 2.2 percentage points better than the category, which translates into a grade of A. The fund has returned 28.7% over the past year (grade of A), 17.1% over the past three years (grade of B) and 8.9% per year over the past five years (grade of B) and 9.3% per year over the past 10 years (grade of C).

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