HSCZ

iShares Currency Hedged MSCI EAFE Small-Cap ETF
*Unless otherwise stated, data provided by FactSet.

HSCZ Fund Description

HSCZ tracks an index of small-cap stocks from developed markets outside the US and Canada, hedged against movements in the underlying currencies for US investors.

HSCZ Factset Analytics Insight

Launched July 1, 2015, HSCZ offers no-frills exposure to small-cap developed-market stocks outside the US and Canada, with a currency hedge for US investors. The fund holds large and liquid SCZ 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. HSCZ charges a reasonable 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 SCZ, which can trade when the index’s stock markets are closed. In all, HSCZ offers a straightforward basket of currency-hedged stocks. Trade the new fund with care.

HSCZ MSCI ESG Analytics Insight

iShares Currency Hedged MSCI EAFE Small-Cap ETF has an MSCI ESG Fund Rating of A based on a score of 5.95 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 EAFE Small-Cap ETF ranks in the 50th percentile within its peer group and in the 52nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

HSCZ Charts And Performance

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PERFORMANCE [as of 09/24/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HSCZ 0.46% 3.34% -6.84% 1.80% 3.05% 7.72% --
HSCZ (NAV) -0.86% 4.93% -7.00% 2.12% 3.10% 8.02% --
MSCI EAFE Small Cap 100% Hedged to USD Index -0.56% 4.26% -6.74% 1.78% 3.41% 8.43% --
MSCI World ex USA Small Cap -2.47% 6.21% -6.81% 2.78% 0.57% 6.75% 6.37%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HSCZ Summary Data

Blackrock
iShares
07/01/15
Open-Ended Fund
0.43%
$48.20M
$372.79K
0.13%

HSCZ Portfolio Data

$2.59B
25.12
1.23
4.23%
12/14/20
4

HSCZ Index Data

MSCI EAFE Small Cap 100% Hedged to USD Index
Market Cap
Market Cap
MSCI World ex USA Small Cap

HSCZ Portfolio Management

0.43%
-0.53%
2.83%
-4.02%

HSCZ Tax Exposures

20.00% / 39.60%
1.35%
Qualified dividends
No

HSCZ Fund Structure

Open-Ended Fund
Yes
Yes
80% / 20%
N/A
N/A
Medium
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

HSCZ Factset Analytics Block Liquidity

As of 09/25/20
5
4
3
2
1

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

HSCZ Tradability

13,349
$372.79K
8,098
$229.57K
0.13%
$0.04
0.08%
0.80% / -0.76%
None
0.00%
50,000
0.16
--
3.62%
0
$28.30
1

HSCZ Sector/Industry Breakdown


HSCZ
Segment Benchmark
22.89%
22.33%
21.00%
20.32%
14.57%
13.77%
11.55%
11.14%
8.83%
10.79%
7.81%
7.61%
7.54%
7.13%
2.32%
2.70%
2.14%
2.91%
1.35%
1.21%

HSCZ Top 10 Holdings

49.99%
0.54%
-0.52%
100%

HSCZ Countries


HSCZ
Segment Benchmark
29.52%
26.98%
16.71%
15.27%
8.37%
7.65%
7.22%
6.59%
5.72%
5.22%
5.43%
4.96%
3.16%
2.89%
2.91%
2.67%
2.33%
2.14%
2.23%
2.03%

HSCZ Regions


HSCZ
Segment Benchmark
54.86%
50.08%
43.02%
39.28%
1.57%
1.42%
0.56%
9.22%

HSCZ Economic Development


HSCZ
Segment Benchmark
100.00%
100.00%

HSCZ Performance Statistics

0.53
0.90
0.79
1.15
1.20%
MSCI World ex USA Small Cap

HSCZ MSCI ESG Ratings

5.95 / 10
52.14
49.96
2.87%
8.34%
130.90

HSCZ Benchmark Comparison Holdings

4
2500
2,312
88.97%

HSCZ Benchmark Comparison Summary


HSCZ
Segment Benchmark
4
2500
$2.59B
$2.57B
25.12
29.82
1.23
1.25
2.85%
2.79%
Low
Low

HSCZ Benchmark Comparison Market Cap Size


HSCZ
Segment Benchmark
0.00%
0.00%
39.20%
39.28%
52.55%
52.49%
8.25%
8.23%