Symbols

HEWJ

iShares Currency Hedged MSCI Japan ETF·ARCA

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Key Stats

Assets Under Management

536.67MUSD

Fund Flows (1Y)

61.31MUSD

Dividend Yield

4.58%

Discount/Premium to NAV

0.01%

Shares Outstanding

9.50M

Expense Ratio

0.49%

About iShares Currency Hedged MSCI Japan ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/259624/HEWJ?referrer=tickerSearch

Inception Date

Jan 31, 2014

Structure

Open-Ended Fund

Index Tracked

MSCI Japan 100% Hedged to USD Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

BlackRock Fund Advisors

Distributor

BlackRock Investments LLC

HEWJ is a currency-hedged version of iShares' blockbuster Japan ETF, EWJ. HEWJ provides the same exposure as EWJ and overlays the ETF holdings with forward currency contracts to neutralize its exposure to the yen. HEWJ is a market-like fund with neutral exposures, so sector biases are minimal. It excludes small-caps and therefore tilts slightly large. The fund's tracking record is distorted since the stocks in the underlying index (used in HEWJ's NAV) trade at different times and therefore can have very different end-of day prices. Overall, the fund gets the equity exposure that EWJ provides without the gains or losses from the yen