DEFAiShares Adaptive Currency Hedged MSCI EAFE ETF
DEFA Fund Description
DEFA tracks a market-cap-weighted index of developed-market securities based in Europe, Australia and the Far East. It excludes the US and Canada, and small caps. The index dynamically hedges currency exposure for USD investors.
DEFA Factset Analytics Insight
DEFA follows the MSCI EAFE Adaptive Hedge to USD Index which is a dynamically-hedged version of MSCI’s EAFE Index, an index that represents the developed ex-US and Canada space. DEFA’s holdings consist entirely of shares of the unhedged version of the fund, EFA, as well as a variety of currency forward contracts used to hedge against non-USD currency risk. Same as its parent fund, DEFA excludes both South Korea and Canada. The fund doesn’t use a typical static 100% hedge but rather a stepped hedge that can either be 0%, 25%, 50%, 75%, or 100% of the portfolio value, as determined by four equally-weighted metrics: value, momentum, carry, and volatility. The currency hedge resets monthly.
DEFA MSCI ESG Analytics Insight
iShares Adaptive Currency Hedged MSCI EAFE ETF has an MSCI ESG Fund Rating of AA based on a score of 7.39 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares Adaptive Currency Hedged MSCI EAFE ETF ranks in the 87th percentile within its peer group and in the 60th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
DEFA Summary Data
DEFA Portfolio Data
DEFA Index Data
DEFA Portfolio Management
DEFA Tax Exposures
DEFA Fund Structure
DEFA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DEFA. DEFA is rated a N/A out of 5.
DEFA Top 10 Holdings
DEFA Economic Development
DEFA Performance Statistics
DEFA MSCI ESG Ratings
DEFA Benchmark Comparison Summary
DEFA Benchmark Comparison Market Cap Size