HEWU

iShares Currency Hedged MSCI United Kingdom ETF
*Unless otherwise stated, data provided by FactSet.

HEWU Fund Description

HEWU tracks an index of large- and midcap UK stocks, hedged against movements in the pound for US investors.

HEWU Factset Analytics Insight

Launched July 1, 2015, HEWU offers no-frills exposure to UK stocks with a currency hedge for US investors. The fund holds large and liquid EWU 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. HEWU competes directly with Deutsche Bank’s DBUK, which provides comparable exposure for a similar headline fee. Compare trading costs when choosing between the 2 funds, but not tracking stats. HEWU’s tracking error will look bad because its NAV is based on the market price of EWU, which can trade when the index’s stock market is closed. In all, HEWU offers a straightforward basket of currency-hedged stocks. Trade the new fund with care.

HEWU MSCI ESG Analytics Insight

iShares Currency Hedged MSCI United Kingdom ETF has an MSCI ESG Fund Rating of AA based on a score of 7.70 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 Currency Hedged MSCI United Kingdom ETF ranks in the 91st percentile within its peer group and in the 30th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

HEWU Charts And Performance

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PERFORMANCE [as of 10/23/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEWU -1.71% -6.27% -22.36% -18.03% -4.60% 1.83% --
HEWU (NAV) 0.08% -4.87% -21.39% -17.66% -4.09% 1.90% --
MSCI United Kingdom US Dollar Hedged Index -0.85% -5.64% -20.80% -17.26% -3.60% 2.57% 4.25%
MSCI United Kingdom IMI 2.55% -1.53% -22.15% -15.97% -4.89% -1.40% 2.44%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HEWU Summary Data

Blackrock
iShares
06/29/15
Open-Ended Fund
0.50%
$10.21M
$109.09K
0.33%

HEWU Portfolio Data

$56.15B
118.27
1.41
4.05%
12/14/20
3

HEWU Index Data

MSCI United Kingdom US Dollar Hedged Index
Market Cap
Market Cap
MSCI United Kingdom IMI

HEWU Portfolio Management

0.50%
-0.70%
3.81%
-3.07%

HEWU Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

HEWU Fund Structure

Open-Ended Fund
Yes
No
80% / 20%
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

HEWU Factset Analytics Block Liquidity

As of 10/26/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HEWU. HEWU is rated a N/A out of 5.

HEWU Tradability

5,750
$109.09K
929
$17.34K
0.33%
$0.06
-0.01%
0.72% / -0.60%
None
0.00%
50,000
0.02
--
--
0
$18.80
N/A

HEWU Sector/Industry Breakdown


HEWU
Segment Benchmark
19.26%
16.86%
18.72%
19.99%
14.03%
12.71%
11.33%
9.69%
10.10%
11.67%
9.76%
9.12%
9.16%
11.27%
3.78%
3.41%
2.67%
2.24%
1.19%
3.04%

HEWU Top 10 Holdings

50.47%
0.03%
100.00%

HEWU Countries


HEWU
Segment Benchmark
100.00%
100.00%

HEWU Regions


HEWU
Segment Benchmark
100.00%
100.00%

HEWU Economic Development


HEWU
Segment Benchmark
100.00%
100.00%

HEWU Performance Statistics

0.53
0.71
0.59
0.81
1.37%
MSCI United Kingdom IMI

HEWU MSCI ESG Ratings

7.70 / 10
29.84
91.49
16.39%
2.06%
105.77

HEWU Benchmark Comparison Holdings

3
331
85
82.62%

HEWU Benchmark Comparison Summary


HEWU
Segment Benchmark
3
331
$56.15B
$46.91B
118.27
101.65
1.41
1.44
4.23%
4.02%
Medium
Medium

HEWU Benchmark Comparison Market Cap Size


HEWU
Segment Benchmark
82.12%
67.84%
17.88%
23.13%
0.00%
8.28%
0.00%
0.75%