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iShares Global Real Estate Environmental Tilt UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE000PL3UFC3Ticker: GRET (Euronext AMS)Issuer: iShares
Issuer-declared data
Declared index
: FTSE EPRA Nareit Developed Green Low Carbon Target Select UCITS Capped Net Tax Index
TER
0.18%
Transaction costs
0.06% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
12.9 mln EUR
NAV
5.89 USD (31 August 2026)
Domicile
Ireland
Inception date
26 June 2024
Data as declared by iShares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

iShares Global Real Estate Environmental Tilt UCITS ETF tracks the issuer-declared index: : FTSE EPRA Nareit Developed Green Low Carbon Target Select UCITS Capped Net Tax Index. The declared annual cost (TER) is 0.18%, plus 0.06% in transaction costs estimated by the issuer in the KID. Replication is optimised physical replication (the KID declares optimisation techniques to achieve a return similar to the index); income is distributed to investors. The fund has assets of about 13 million euro, was launched on 26 June 2024 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Fund which aims to achieve a return on your investment, taking into account both capital and income returns, which reflects the return of the FTSE EPRA Nareit Developed Green Low Carbon Target Select UCITS Capped Index (Index). The Share Class, via the Fund, is passively managed and aims to invest so far as possible and practicable in the equity securities that make up the Index and comply with the Environmental, Social and Governance (“ESG”) requirements and other eligibility criteria of the Index. The Index aims to reflect the performance of a subset of listed real estate companies and Real Estate Investment Trusts (REITS) within the FTSE EPRA Nareit Developed Index (the “Investment Universe”) across developed countries globally. Issuers are excluded from the Investment Universe based on the index provider's ESG exclusionary criteria. The composition of the Index tilts towards issuers exhibiting specific environmental metrics. The Index seeks to exclude issuers from the Investment Universe based on their involvement in the following business lines/activities (or related activities): oil sands, thermal coal, controversial weapons, military contracting, tobacco and small arms. In addition to the above, the Index seeks to exclude companies classified as Non-Compliant with Sustainalytics’ Global Standards Screening (“GSS”). GSS assesses a company’s impact on stakeholders and the extent to which it causes, contributes or is linked to violations of international norms and standards. It is intended that the Fund's direct investments will not, at the time of purchase, include investments in companies involved in severe ESG controversies, as determined by the Investment Manager. The Index tilts towards constituents to achieve: (1) an improvement to the allocation of green certification; (2) a reduction in energy usage; and (3) a reduction in carbon intensity. To limit deviation from the Investment Universe capping constraints are applied in accordance with the Index methodology. The Fund will adopt a binding and significantly engaging ESG integration approach to sustainable investing. This means that the weighted average environmental indicator of the Fund will be at least 20% better than the average environmental indicator of the Investment Universe based on an increase in green certification. The Fund uses optimising techniques to achieve a similar return to its Index. These techniques may include the strategic selection of certain securities that make up the Index and also the use of Financial Derivative Instruments (“FDIs”) (i.e. investments the prices of which are based on, one or more underlying assets). FDIs may be used for direct investment purposes. The price of equity securities fluctuates daily and may be influenced by factors affecting the performance of the individual companies issuing the equities, as well as by daily stock market movements, and broader economic and political developments which in turn may affect the value of your investment. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the Fund’s costs. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares III plc. These documents are available free of charge in English and certain other languages. These can be found, along with other (practical) information, including prices of units, on the iShares website at: www.ishares.com or by calling +49 89427295800 or from your broker or financial adviser.

Keep reading the KID section ▾

Your shares will be distributing shares (i.e. dividend income will be paid on the shares semi-annually). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed and traded on various stock exchanges. In normal circumstances, only authorised participants may buy and sell shares directly with the Fund. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the shares on the secondary market (e.g. via a broker on a stock exchange) at the then prevailing market price. The value of the shares are related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The prevailing market price at which the shares trade on the secondary market may deviate from the value of the Shares. Indicative net asset value is published on relevant stock exchanges websites.

Intended retail investor:The Fund is intended for retail investors with the ability to bear losses up to the amount invested in the Fund (see “How long should I hold it and can I take my money out early?”).

Insurance benefits:The Fund does not offer any insurance benefits.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.18%: below the median of real-estate ETFs we track (0.40%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Jun 2024 to Aug 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+27.6%
Annualised
+11.8%
Volatility (ann.)
12.7%
Max drawdown
-17.14%
-5%+5%+16%+27%+37%Jun 2024Jan 2025Jul 2025Feb 2026Aug 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+28%Jun 2024Aug 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%202420252026−17.14% · 08 Apr 2025
Max drawdown
-17.14%
peak → trough
Trough
08 Apr 2025
from the 16 Sept 2024 peak
Recovery time
195 days
recovery only: trough to break-even · ≈ 6 months
Underwater
399 days
decline + recovery: peak to break-even · ≈ 1 year and 1 month · → recovered on 20 Oct 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
16 Sept 202408 Apr 2025-17.14%20 Oct 2025399
27 Feb 202627 Mar 2026-10.06%26 Jun 2026119
27 Oct 202520 Nov 2025-4.35%14 Jan 202679
28 Jul 202631 Aug 2026-4.21%ongoing34
17 Jul 202405 Aug 2024-3.02%09 Aug 202423

Calendar-year returns

2024
5.9%
2025
9.9%
2026
9.6%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20263.77.0-9.08.6-0.91.02.8-2.89.6
20252.22.4-2.30.82.50.7-1.44.61.2-1.62.0-1.39.9
20246.06.52.9-5.42.4-7.05.9
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER.
Declared TER
0.18%
YearFundIndexDifference
2025+9.93%+9.60%+0.33%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearFull history
Volatility (ann.)10.81%13.07%
Max drawdown-8.35%-19.17%
Sharpe0.450.17
Sortino0.620.22
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
322
339 total lines: 17 cash & derivatives
Top-10 weight
41.4%

Top 10 holdings

WELLTOWER · WELL
9.00%
PROLOGIS REIT · PLD
6.51%
EQUINIX REIT · EQIX
5.87%
REALTY INCOME REIT · O
5.24%
VIVMARK RESIDENTIAL · VMRK
2.99%
SIMON PROPERTY GROUP REIT INC · SPG
2.97%
PUBLIC STORAGE REIT · PSA
2.66%
DIGITAL REALTY TRUST REIT · DLR
2.36%
IRON MOUNTAIN INC · IRM
2.00%
VENTAS REIT · VTR
1.77%

Sectors

Real Estate
98.1%
Cash and/or Derivatives
0.8%
Information Technology
0.7%
Health Care
0.4%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 5.7%AustriaAzerbaijanBurundiBelgium: 0.9%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 1.8%Switzerland: 1.5%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 1.3%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 0.4%EstoniaEthiopiaFinland: 0.1%FijiFalkland IslandsFrance: 1.7%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsrael: 0.5%ItalyJamaicaJordanJapan: 8.3%KazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 0.1%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 0.1%Norway: 0.1%NepalNew Zealand: 0.2%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 1.4%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 65.7%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States65.7%
Japan8.3%
Australia5.7%
United Kingdom3.7%
Hong Kong3.3%
Singapore3%
Canada1.8%
Download the full portfolio — Excel, 339 rows
Full portfolio declared by iShares, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
0.10 USD
ex 16 Jul 2026 · paid 29 Jul 2026
Dividends, last 12 months
0.18 USD
Dividend yield
3.07%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.18 USD3.24 %
20250.18 USD3.45 %

Dividend contribution to total return

0%10%+8.93 %1 year+9.77 %2025
dividendsprice changeprice decline

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.080.10
20250.080.10
20240.01

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.10 USD16 Jul 202617 Jul 202629 Jul 2026
0.08 USD15 Jan 202616 Jan 202628 Jan 2026
0.10 USD17 Jul 202518 Jul 202530 Jul 2025
0.08 USD16 Jan 202517 Jan 202529 Jan 2025
0.01 USD18 Jul 202419 Jul 202431 Jul 2024
Per-share dividends as declared by the issuer, in USD, since the first payment (18 Jul 2024). Past dividends are not indicative of future ones.

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Stock exchange listings

ExchangeTicker
Euronext AmsterdamGRET
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does iShares Global Real Estate Environmental Tilt UCITS ETF track?
The issuer iShares declares the benchmark: : FTSE EPRA Nareit Developed Green Low Carbon Target Select UCITS Capped Net Tax Index.
How much does GRET cost?
The issuer-declared TER is 0.18% per year; the transaction costs estimated in the KID are 0.06%.
How is GRET taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of GRET?
The fund size declared by iShares is about 13 million euro.
When was GRET launched?
The fund was launched on 26 June 2024: it has 2 years of history.
How does GRET replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (optimised) (issuer wording: “Fisica - ottimizzazione (dal KID)”).
Does GRET pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
What was GRET's worst fall?
Over the available history (since 2024), the maximum drawdown was -18.42%, reached in April 2025. Past performance is not indicative of future results.
How many securities does GRET hold?
The declared portfolio holds 322 securities (plus 17 cash & derivative lines); the top 10 positions weigh 41.4%.
Transparency note
The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.