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iShares MSCI EAFE Min Vol Factor ETF

EFAV·CBOE
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Key Stats

Assets Under Management
5.48BUSD
Fund Flow (1Y)
-128.57MUSD
Dividend Yield
2.96%
Discount / Premium to NAV
0.16%
Shares Outstanding
58.70M
Expense Ratio
0.20%

About iShares MSCI EAFE Min Vol Factor ETF

Issuer
BlackRock Fund Advisors
Brand
iShares
Inception Date
Oct 18, 2011
Structure
Open-Ended Fund
Index Tracked
MSCI EAFE Minimum Volatility (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
EFAV delivers a popular low-volatility take on international equities. The fund shows low market risk to our benchmark (measured by beta), and its portfolio biases toward defensive sectors are consistent with its low-volatility aims. The underlying index is constructed from the MSCI EAFE Index a rules-based methodology to security eligibility, sector and country exposure. A multi-factor risk model is used to weight securities for low volatility. The portfolio is further refined using an optimizer based on projected riskiness of securities aiming to deliver lowest absolute volatility. Like other EAFE-based products it excludes US and Canada, but in all, EFAV provides a viable vehicle for low-volatility developed international exposure.

Classification

Asset Class
Equity
Category
Size and Style
Focus
Total Market
Niche
Broad-based
Strategy
Low Volatility
Geography
EAFE
Weighting Scheme
Multi-Factor
Selection Criteria
Multi-factor

Analysis

Sector

Financial Services

19.02%

Industrials

15.28%

Healthcare

13.02%

Consumer Defensive

11.49%

Communication Services

9.75%

Utilities

8.92%

Energy

8.54%

Consumer Cyclical

5.21%

Technology

4.30%

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Asset

Holdings

Symbol

Ratio

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ENI

1.60%
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TOTALENERGIES

1.58%
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SHELL PLC

1.55%
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TAKEDA PHARMACEUTICAL LTD

1.51%
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IBERDROLA SA

1.49%

Symbol

Ratio

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EQUINOR

1.45%
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DBS GROUP HOLDINGS LTD

1.42%
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ORANGE SA

1.41%
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SWISSCOM AG

1.40%
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SECOM LTD

1.39%

Top 10 Weight 14.8%

267 Total Holding

See all holdings

Related Funds

Seasonals

Volume Profile

Trade Flow Insight

FAQ

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