IEFA
iShares Core MSCI EAFE ETF

Price: $76.08
Change: $0.35 (-0.0%)
Last Updated:

Vitals

Brand iShares
Structure ETF
Expense Ratio 0.07%
ETF Home Page Home page
Inception Oct 18, 2012

Analyst Report

The iShares Core MSCI EAFE ETF (IEFA) is the younger, cheaper variation on BlackRock’s flagship iShares MSCI EAFE ETF (EFA). IEFA debuted in 2012 as part of the new ultra-low-cost iShares Core series, which was designed to attract buy-and-hold investors.


IEFA delivers broad exposure to developed markets equities outside of the U.S., and does it for a fraction of the price charged by the legacy iShares fund. IEFA also includes smaller-cap names ignored by its older sibling, making it a staple holding of long-term investors who want exposure to developed markets outside North America.


IEFA’s massive size makes it easy for institutional investors to buy and sell large blocks. But its pricier sibling is still favored by active traders, who prefer EFA for its deep liquidity, tight tracking and massive options market.


While IEFA beats EFA on fees, it is still not as cheap as rivals like the Vanguard FTSE Developed Markets ETF (VEA) or Charles Schwab’s International Equity ETF (SCHF). But investors should note a few critical differences: Both VWO and SCHE track an indexes that include Canada and South Korea, whereas the iShares funds follow MSCI benchmarks that exclude Canada from EAFE indexes and lump South Korea in with emerging markets.


Unsuspecting investors who mix and match funds from different firms may find themselves either unintentionally overweight Canada and South Korea, or missing out on those countries entirely.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) Developed Markets
Region (Specific) EAFE

FactSet Classifications

  • Segment Equity: Developed Markets Ex-North America - Total Market
  • Category Size and Style
  • Focus Total Market
  • Niche Broad-based
  • Strategy Vanilla
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $56.39
  • 52 Week Hi $78.34
  • AUM $102,871.0 M
  • Shares 1,346.8 M

Historical Trading Data

  • 1 Month Avg. Volume 8,831,252
  • 3 Month Avg. Volume 7,224,849

Alternative ETFs in the ETF Database Foreign Large Cap Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPDW 0.04% $12.2 B 1 M 11.87%
Largest (AUM) VEA 0.05% $106.8 B 7 M 11.89%
Most Liquid (Volume) EFA 0.32% $58.0 B 22 M 11.17%
Top YTD Performer BBCA 0.19% $6.1 B 107,098 29.65%

Alternative ETFs in the FactSet Equity: Developed Markets Ex-North America - Total Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest PBDM 0.07% $8.8 M 1,120 9.45%
Largest (AUM) EFA 0.32% $58.0 B 22 M 11.17%
Most Liquid (Volume) EFA 0.32% $58.0 B 22 M 11.17%
Top YTD Performer HEFA 0.35% $3.2 B 321,294 17.03%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

IEFA ETF Database Category Average FactSet Segment Average
Number of Holdings 3007 714 496
% of Assets in Top 10 10.69% 21.71% 33.78%
% of Assets in Top 15 13.98% 27.54% 37.79%
% of Assets in Top 50 28.20% 52.11% 55.83%

Size Comparison

IEFA ETF Database Category Average FactSet Segment Average
Large (>12.9B) 73.03% 69.66% 59.41%
Mid (>2.7B) 20.36% 24.69% 15.48%
Small (>600M) 6.34% 2.96% 0.82%
Micro (<600M) 0.27% 0.27% 0.04%

IEFA Valuation

This section compares the P/E ratio of this ETF to its peers.

IEFA
P/E Ratio
20.92
ETF Database Category Average
P/E Ratio
26.03
FactSet Segment Average
P/E Ratio
17.59

IEFA Dividend

This section compares the dividend yield of this ETF to its peers.

IEFA ETF Database Category Average FactSet Segment Average
Dividend $ 1.09 $ 0.44 $ 0.45
Dividend Date 2021-06-10 N/A N/A
Annual Dividend Rate $ 1.70 $ 1.06 $ 0.90
Annual Dividend Yield 2.23% 2.58% 1.91%

IEFA Price and Volume Chart

IEFA Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 411.24 M 1 Month Net Flows: 1.78 B 3 Month Net Flows: 3.64 B 6 Month Net Flows: 9.33 B 1 Year Net Flows: 11.97 B 3 Year Net Flows: 27.47 B 5 Year Net Flows: 70.96 B 10 Year Net Flows: 84.77 B

IEFA Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for IEFA on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Foreign Large Cap Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A n/a
Expenses A n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

IEFA Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

IEFA
Expense Ratio
0.07%
ETF Database Category Average
Expense Ratio
0.41%
FactSet Segment Average
Expense Ratio
0.43%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
7.81/10
ESG Score
83.35%
Global Percentile
48.69%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      7.45%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      129.68
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      7.45%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      10.82%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

IEFA Performance

This section shows how this ETF has performed relative to its peers.

IEFA ETF Database
Category Average
Factset Segment
Average
1 Month Return -1.48% -0.81% -1.59%
3 Month Return 1.77% 0.30% 0.71%
YTD Return 11.68% 9.70% 8.59%
1 Year Return 27.51% 23.98% 18.86%
3 Year Return 37.53% 26.61% 23.01%
5 Year Return 60.49% 30.45% 26.06%

Geographic Exposure

The following charts reflect the geographic spread of IEFA's underlying holdings.

Region Percentage
Europe 63.2%
Asia Pacific 34.66%
North, Central and South America 0.57%
Other 0.22%
Country Percentage
Japan 23.12%
United Kingdom 13.34%
Switzerland 9.43%
France 9.12%
Germany 8.24%
Australia 7.12%
Netherlands 6.15%
Sweden 4.05%
Hong Kong 2.57%
Denmark 2.55%
Spain 2.32%
Italy 2.2%
Finland 1.31%
Singapore 1.3%
Ireland 1.07%
Israel 0.95%
Belgium 0.92%
Norway 0.92%
New Zealand 0.41%
Luxembourg 0.4%
Austria 0.4%
Other 0.22%
Portugal 0.19%
Bermuda 0.13%
United States 0.06%
Macao 0.04%
Faroe Islands 0.02%
Canada 0.02%
Malta 0.02%
Malaysia 0.02%
China 0.01%
Gibraltar 0.01%
United Arab Emirates 0.01%
South Africa 0.01%
Taiwan 0.0%
Liechtenstein 0.0%

Holdings Analysis

The following charts reflect the allocation of IEFA's underlying holdings.

Sector Percentage
Finance 20.79%
Health Technology 11.09%
Consumer Non-Durables 10.04%
Producer Manufacturing 9.35%
Consumer Durables 6.2%
Technology Services 5.4%
Electronic Technology 5.3%
Process Industries 4.14%
Non-Energy Minerals 3.6%
Retail Trade 3.24%
Utilities 3.24%
Energy Minerals 3.18%
Communications 2.76%
Transportation 2.44%
Commercial Services 2.34%
Consumer Services 1.91%
Distribution Services 1.6%
Industrial Services 1.25%
Health Services 0.53%
CASH 0.22%
Miscellaneous 0.03%
Other 0.0%
Market Cap Percentage
Large 73.03%
Mid 20.36%
Small 6.34%
Micro 0.27%
Region Percentage
Asset Percentage
Share/Common/Ordinary 95.96%
Preferred Equity 1.91%
CASH 0.22%
American Depositary Receipt 0.21%
Depositary Receipts/Certificates 0.18%
Temporary 0.11%
Unit 0.06%
Open-ended Fund 0.0%
Right 0.0%
Warrant 0.0%
Other 0.0%
Sector Percentage
Finance 20.79%
Health Technology 11.09%
Consumer Non-Durables 10.04%
Producer Manufacturing 9.35%
Consumer Durables 6.2%
Technology Services 5.4%
Electronic Technology 5.3%
Process Industries 4.14%
Non-Energy Minerals 3.6%
Retail Trade 3.24%
Utilities 3.24%
Energy Minerals 3.18%
Communications 2.76%
Transportation 2.44%
Commercial Services 2.34%
Consumer Services 1.91%
Distribution Services 1.6%
Industrial Services 1.25%
Health Services 0.53%
CASH 0.22%
Miscellaneous 0.03%
Other 0.0%

IEFA Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
35.76%
Rank
60 of 124

20 Day Volatility
12.35%
Rank
59 of 124

50 Day Volatility
11.81%
Rank
82 of 124

200 Day Volatility
11.95%
Rank
72 of 124

Beta
0.85
Rank
60 of 123

Standard Deviation
4.69%
Rank
9 of 120

Technicals

  • 20 Day MA $74.92
  • 60 Day MA $76.11
  • MACD 15 Period 1.27
  • MACD 100 Period 0.21
  • Williams % Range 10 Day 16.19
  • Williams % Range 20 Day 14.18
  • RSI 10 Day 59
  • RSI 20 Day 53
  • RSI 30 Day 52
  • Ultimate Oscillator 68

Bollinger Bands

  • Lower Bollinger (10 Day) $73.37
  • Upper Bollinger (10 Day) $77.05
  • Lower Bollinger (20 Day) $72.88
  • Upper Bollinger (20 Day) $76.92
  • Lower Bollinger (30 Day) $72.84
  • Upper Bollinger (30 Day) $78.36

Support & Resistance

  • Support Level 1 $75.93
  • Support Level 2 $75.78
  • Resistance Level 1 $76.22
  • Resistance Level 2 $76.35

Stochastic

  • Stochastic Oscillator %D (1 Day) 68.78
  • Stochastic Oscillator %D (5 Day) 80.88
  • Stochastic Oscillator %K (1 Day) 69.85
  • Stochastic Oscillator %K (5 Day) 83.50

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Fact Sheet

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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