Fund Evaluator:

iShares Developed Real Estate Idx K Overview

iShares Developed Real Estate Idx K (BKRDX) is a passively managed Sector Equity Global Real Estate fund. BlackRock launched the fund in 2015.

The investment seeks to track the investment results of an index composed of real estate equities in developed markets. The fund seeks to track the investment results of the FTSE EPRA/NAREIT Developed Index, which measures the stock performance of companies engaged in the ownership, disposal and development of income-producing real estate in developed countries as defined by FTSE EPRA/NAREIT. It generally invests at least 90% of its assets, plus the amount of any borrowing for investment purposes, in securities of the underlying index and in depositary receipts representing securities of the underlying index.

About iShares Developed Real Estate Idx K (BKRDX)

There are 4 members of the management team with an average tenure of 3.67 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 2 primary benchmarks: FTSE All World TR USD index with a weighting of 100% and FTSE EPRA Nareit Developed TR USD index with a weighting of 100%. iShares Developed Real Estate Idx K has 376 securities in its portfolio. The top 10 holdings constitute 37.2% 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 Developed Real Estate Idx K is part of the Equity global asset class and is within the Sector Equity fund group. iShares Developed Real Estate Idx K has 34.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 65.6%. There is 34.0% 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 Developed Real Estate Idx K has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $270 million in total assets, which is above the $202 million average for the Global Real Estate 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.

BKRDX 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 Developed Real Estate Idx K expense ratio is below average compared to funds in the Global Real Estate category. iShares Developed Real Estate Idx K has an expense ratio of 0.26%, which is 77% 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 Developed Real Estate Idx K has a portfolio turnover rate of 24%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 71% for the Global Real Estate category.

Recently, in the month of August 2026, iShares Developed Real Estate Idx K returned -3.1%, which earned it a grade of C, as the Global Real Estate 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 funds in that category.

iShares Developed Real Estate Idx K has a trailing yield of 4.71%, which is above the 2.83% 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 Developed Real Estate Idx K Grades

Year to date, the fund has returned 9.6%, 2.0 percentage points better than the category, which translates into a grade of B. The fund has returned 10.0% over the past year (grade of B), 10.1% over the past three years (grade of B) and 1.3% per year over the past five years (grade of B) and 3.7% per year over the past 10 years (grade of C).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about iShares Developed Real Estate Idx K, including its riskiness, submit your email to unlock the rest of the article.