HACW

iShares Currency Hedged MSCI ACWI ETF
N/A

N/A
*Unless otherwise stated, data provided by FactSet.

HACW Fund Description

The iShares Currency Hedged MSCI ACWI ETF tracks an index of global large- and midcap stocks, hedged against movements in the underlying currencies for US investors.

HACW Factset Analytics Insight

This fund is closing. The last day of trading will be August 15, 2018. Launched July 1, 2015, HACW offers no-frills exposure to global stocks, with a currency hedge for US investors for the ex-US portion of the portfolio. The fund holds iShares’ large and liquid ACWI ETF to provide the equity exposure, which in turn holds the underlying stocks directly. This structure is akin to a Russian doll, rather than a derivative. Still, derivatives are used for the FX hedge: 1-month forward contracts. We see little additional risk from the forwards themselves, which should provide effective, but not perfect, hedging. The fund has no direct competitors at present, perhaps because about 50% of the basket is in US stocks that require no FX hedge. HACW charges a competitive fee, but tracking stats won’t be helpful as a gauge of holding costs. Its tracking error will look bad because its NAV is based on the market price of iShares’ ACWI, which can trade when the index’s stock markets are closed. In all, HACW offers a straightforward basket of currency-hedged stocks. Trade the new fund with care.

HACW CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/11/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HACW -1.51% 2.75% 2.96% 12.28% 12.09% -- --
HACW (NAV) -1.29% 3.56% 2.52% 12.41% 9.22% -- --
MSCI ACWI 100% Hedged to USD Index -- -- -- -- -- -- --
MSCI All Country World Investable Markets + Frontier -1.79% 1.02% 0.95% 12.36% 8.80% 8.98% 6.67%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HACW Top 10 Countries

HACW Top 10 Sectors

HACW Top 10 Holdings

HACW Summary Data

BlackRock
iShares
07/01/15
Open-Ended Fund
0.35%
$5.98M
$55.04K
0.20%

HACW Portfolio Data

$142.40B
18.96
2.30
2.08%
12/04/18
2

HACW Index Data

Market Cap
Market Cap
MSCI All Country World Investable Markets + Frontier

HACW Portfolio Management

0.35%
--
--
--

HACW Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

HACW Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HACW Factset Analytics Block Liquidity

As of 07/12/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HACW. HACW is rated a 2 out of 5.

HACW Tradability

1,769
$55.04K
242
$7.39K
0.20%
$0.06
-0.05%
3.12% / -2.77%
None
100.00%
50,000
0.00
0.01%
1.23%
--
$29.65
2

HACW Sector/Industry Breakdown


HACW
Segment Benchmark
20.49%
20.77%
19.48%
18.31%
11.85%
12.18%
11.25%
11.73%
10.69%
10.29%
8.06%
7.59%
6.90%
6.47%
4.62%
5.27%
2.83%
2.54%
2.81%
2.76%

HACW TOP 10 HOLDINGS

99.97%
0.03%
100%

HACW Countries


HACW
Segment Benchmark
53.89%
53.09%
7.92%
8.11%
5.87%
5.94%
3.67%
3.74%
3.33%
3.10%
3.06%
2.92%
3.05%
3.06%
2.47%
2.32%
2.21%
2.17%
1.79%
1.82%

HACW Regions


HACW
Segment Benchmark
56.94%
56.15%
20.69%
20.45%
20.11%
20.91%
1.20%
1.24%
1.05%
1.25%

HACW Economic Development


HACW
Segment Benchmark
94.36%
94.05%
5.64%
5.95%

HACW Performance Statistics

0.81
1.12
1.14
1.25
0.29%
MSCI All Country World Investable Markets + Frontier

HACW BENCHMARK COMPARISON HOLDINGS

2
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--
--

HACW BENCHMARK COMPARISON SUMMARY


HACW
Segment Benchmark
2
--
$142.40B
--
18.96
--
2.30
--
2.32%
--
--
--

HACW BENCHMARK COMPARISON MARKET CAP SIZE


HACW
Segment Benchmark
--
--
--
--
--
--
--
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