BIRDX

About BIRDX

The iShares Developed Real Estate Index Fund Institutional Shares is an open-end mutual fund designed to track the performance of the FTSE EPRA/NAREIT Developed Index. This index comprises publicly traded real estate equities, including real estate investment trusts (REITs), from developed markets around the world. The fund’s primary objective is to provide broad exposure to companies engaged in the ownership, development, and management of income-producing real estate assets, such as office buildings, shopping centers, industrial properties, and residential complexes. With hundreds of holdings diversified across geographies and property types, this fund captures the real estate sector’s role as both an income generator and a source of diversification for global portfolios. Major constituents often include leading REITs and real estate firms with established track records in developed economies. Managed by BlackRock, the fund aims to closely replicate the returns of its benchmark by investing at least 90% of its assets in securities comprising the underlying index. The iShares Developed Real Estate Index Fund Institutional Shares is typically utilized by institutional investors seeking efficient access to the global real estate market within a single, cost-effective vehicle, and plays a significant role in asset allocation strategies focused on property sector exposure and income generation.