Symbols

EWK

iShares MSCI Belgium ETF·NYSE

--(--)

Key Stats

Assets Under Management

31.16MUSD

Fund Flows (1Y)

12.03MUSD

Dividend Yield

1.73%

Discount/Premium to NAV

-0.10%

Shares Outstanding

1.28M

Expense Ratio

0.50%

About iShares MSCI Belgium ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/239610/ishares-msci-belgium-capped-etf

Inception Date

Mar 12, 1996

Structure

Open-Ended Fund

Index Tracked

MSCI Belgium IMI 25/50 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

EWK covers the all cap space of the Belgium market. No ETF can fully replicate the Belgian market due to RIC diversification rules. The colossal Anheuser-Busch InBev represents over half of the Belgian market, but RIC rules force funds to cap exposure to a single constituent at 25%. Therefore, EWK is forced to underweight Anheuser-Busch InBev to about a quarter of the total portfolio, and each sector outside consumer cyclicals is consistently over-weighted by a few percentage points. Specifically the constraints includes that the sum of the weights of all issuers representing more than 5% of the index should not exceed 50%. The index is rebalanced quarterly.