Fund Description
The iShares Adaptive Currency Hedged MSCI EAFE ETF seeks to track the investment results of an index composed of large- and mid-capitalization equities in Europe, Australasia, and the Far East while dynamically hedging currency risk for a U.S. dollar based investor. The MSCI EAFE Adaptive Hedge to USD Index represents a close estimation of the performance that can be achieved by hedging the currency exposure of its parent index, the MSCI EAFE Index, to the USD, the "home" currency for the hedged index. The parent index is composed of large and mid-cap stocks across 21 Developed Markets (DM) countries*. The hedge ratio is the ratio (proportion) of each currency weight in the index that will be hedged each month and is calculated as the average of the four indicator-level hedge ratios calculated for each of the four currency indicators (Value, Momentum, Carry and Volatility).
Fund Profile
Fund Name iShares Adaptive Currency Hedged MSCI EAFE ETF
Fund Exchange Ticker DEFA
Fund Sponsor Blackrock (iShares)
Fund ISIN US46435G6567
Net Expense Ratio 0.35 %
Fund Inception Date 5 January 2016
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific Global or ExUS Equities - Broad / Regional
Asset Class Equities (Stocks)
Index Linked Passive
Index Name MSCI EAFE Adaptive Hedge to USD Index
Index Provider MSCI
Currency Hedged Yes
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Large & Mid Cap
Growth Value Core / Blend
Continent Not Applicable
Key Statistics
Return As of Date 18 January 2019
Asset Under Management 7.80 Million (USD)
1 Month Total Return 3.84 %
Year To Date Return 5.93 %
1 Year Total Return -9.15 %
3 Year Annualized Total Return 8.74 %
NAV 26
Share Outstanding 300,000
Top 10 Holdings (18 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
EUR/USD FXTR 0.0024004249
CHF/USD CASH 0.0007527677
GBP/USD CASH 0.0001413714
DKK/USD CASH 0.0001229820
SEK/USD FXTR 0.0001131626
USD CASH CASH 0.0000520314
HKD/USD CASH 0.0000475476
GBP/USD CASH 0.0000178929