Fund Description
The iShares Currency Hedged MSCI Canada ETF seeks to track the investment results of an index composed of large- and mid-capitalization Canadian equities while mitigating exposure to fluctuations between the value of the Canadian dollar and the U.S. dollar. The MSCI Canada 100% Hedged 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 Canada Index, to the USD, the "home" currency for the hedged index. The index is 100% hedged to the USD by selling the CAD forward at the one-month Forward rate. The parent index is composed of large and mid cap stocks.
Fund Profile
Fund Name iShares Currency Hedged MSCI Canada ETF
Fund Exchange Ticker HEWC
Fund Sponsor Blackrock (iShares)
Fund ISIN US46435G7060
Net Expense Ratio 0.51 %
Fund Inception Date 29 June 2015
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Global or ExUS Equities - Country Specific
Asset Class Equities (Stocks)
Index Linked Passive
Index Name MSCI Canada 100% Hedged 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 North America
Key Statistics
Return As of Date 22 January 2019
Asset Under Management 35.37 Million (USD)
1 Month Total Return 7.51 %
Year To Date Return 6.85 %
1 Year Total Return -3.85 %
3 Year Annualized Total Return 10.88 %
NAV 24.39
Share Outstanding 1,450,000
Top 10 Holdings (22 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
CAD/USD FXTR 0.0012000212
CAD/USD FXTR 0.0002827625
CAD/USD FXTR 0.0001564114
USD CASH CASH -0.0199234356
CAD/USD FXTR -0.0146960398
CAD/USD FXTR -0.0020329098
CAD/USD FXTR -0.0000846440
CAD/USD FXTR -0.0000050079