HEZU

iShares Currency Hedged MSCI Eurozone ETF
D

39
*Unless otherwise stated, data provided by FactSet.

HEZU Fund Description

The iShares Currency Hedged MSCI Eurozone ETF tracks a cap-weighted index of large- and midcap securities from the eurozone, while hedging out its exposure to the euro currency relative to the US dollar.

HEZU Factset Analytics Insight

HEZU offers straightforward exposure to eurozone countries, hedged for currency exposure for US investors. By design, it excludes the UK, Switzerland and Sweden, so it doesn’t Fit well with our broad European benchmark. Its currency hedge also contributes the low Fit score.HEZU literally holds the blockbuster exchange-traded fund, EZU, overlaid with short forward contracts to neutralize euro exposure. This arrangement creates tracking error that’s akin to fair-market valuation of NAV. The tracking error—and HEZU’s low Efficiency score—is caused by the difference in market hours (EZU in New York and the index stocks in Europe) rather than by sloppy portfolio management. On the other hand, using the ultra-liquid EZU as a single holding for creation/redemption purposes significantly reduces hedging costs for market makers, which in turn trickles down to lower overall trading costs to investors. HEZU’s expense ratio isn’t as cheap as some vanilla funds, but is similar to currency-hedged competitors in the segment. Overall, this large and liquid offering provides solid exposure to the eurozone without the currency risk and return.

HEZU 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 10/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HEZU -3.37% -6.00% -2.43% -3.69% 5.80% -- --
HEZU (NAV) -3.30% -6.02% -2.44% -3.72% 5.81% -- --
MSCI EMU 100% Hedged to USD Index -- -- -- -- -- -- --
MSCI Europe IMI -5.27% -6.56% -8.08% -5.86% 3.80% 2.44% 7.17%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HEZU Top 10 Countries

HEZU Top 10 Sectors

HEZU Top 10 Holdings

HEZU Summary Data

BlackRock
iShares
07/10/14
Open-Ended Fund
0.52%
$1.53B
$17.40M
0.03%

HEZU Portfolio Data

$56.77B
14.71
1.66
3.14%
12/04/18
240

HEZU Index Data

Market Cap
Market Cap
MSCI Europe IMI

HEZU Portfolio Management

0.52%
-0.36%
2.27%
-3.70%

HEZU Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

HEZU Fund Structure

Open-Ended Fund
Yes
No
80% / 20%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HEZU Factset Analytics Block Liquidity

As of 10/18/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HEZU. HEZU is rated a 4 out of 5.

HEZU Tradability

593,907
$17.40M
438,649
$12.71M
0.03%
$0.01
-0.01%
0.13% / -0.14%
None
100.00%
50,000
8.77
0.01%
0.62%
49
$28.36
4

HEZU Sector/Industry Breakdown


HEZU
Segment Benchmark
18.66%
20.11%
15.16%
13.05%
14.31%
11.14%
9.46%
7.54%
9.29%
12.02%
8.86%
5.72%
8.03%
12.16%
6.10%
8.22%
4.97%
3.01%
3.79%
3.18%

HEZU TOP 10 HOLDINGS

0.18%
-0.15%
99.99%

HEZU Countries


HEZU
Segment Benchmark
33.11%
15.50%
29.12%
14.43%
10.56%
5.57%
9.14%
4.65%
6.90%
3.91%
3.29%
1.80%
3.24%
1.81%
1.52%
0.74%
0.89%
28.37%
0.82%
0.60%

HEZU Regions


HEZU
Segment Benchmark
98.48%
99.26%
1.52%
0.74%

HEZU Economic Development


HEZU
Segment Benchmark
100.00%
100.00%

HEZU Performance Statistics

0.31
0.58
0.51
0.59
0.64%
MSCI Europe IMI

HEZU BENCHMARK COMPARISON HOLDINGS

240
1440
240
44.13%

HEZU BENCHMARK COMPARISON SUMMARY


HEZU
Segment Benchmark
240
1440
$56.77B
$63.35B
14.71
15.41
1.66
1.83
3.12%
3.32%
--
--

HEZU BENCHMARK COMPARISON MARKET CAP SIZE


HEZU
Segment Benchmark
87.15%
74.27%
12.80%
19.84%
0.05%
5.46%
0.00%
0.44%