HSCZ

iShares Currency Hedged MSCI EAFE Small-Cap ETF
F

45
*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 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 03/22/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HSCZ -0.11% 13.12% 11.02% -3.03% 9.53% -- --
HSCZ (NAV) 0.02% 13.32% 10.74% -1.26% 9.83% -- --
MSCI EAFE Small Cap 100% Hedged to USD Index 0.72% 12.85% 11.31% -1.61% 10.20% 9.44% --
MSCI World ex USA Small Cap 0.64% 13.50% 11.16% -9.03% 7.64% 4.26% 12.39%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HSCZ Top 10 Countries

HSCZ Top 10 Sectors

HSCZ Top 10 Holdings

HSCZ Summary Data

BlackRock
iShares
07/01/15
Open-Ended Fund
0.43%
$19.93M
$176.70K
0.13%

HSCZ Portfolio Data

$2.57B
17.52
1.41
5.54%
07/02/19
2

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%
-0.47%
3.21%
-2.30%

HSCZ Tax Exposures

20.00% / 39.60%
0.93%
Qualified dividends
No

HSCZ Fund Structure

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

HSCZ Factset Analytics Block Liquidity

As of 03/25/19
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

6,421
$176.70K
2,237
$63.59K
0.13%
$0.04
0.05%
3.16% / -0.88%
None
100.00%
50,000
0.04
0.01%
1.76%
--
$27.99
1

HSCZ Sector/Industry Breakdown


HSCZ
Segment Benchmark
23.66%
21.83%
21.22%
19.71%
14.70%
13.65%
9.31%
10.23%
8.65%
7.97%
7.68%
7.14%
6.66%
6.15%
2.63%
3.56%
2.19%
2.56%
1.65%
1.47%

HSCZ TOP 10 HOLDINGS

0.05%
100%

HSCZ Countries


HSCZ
Segment Benchmark
31.23%
27.92%
18.46%
17.06%
7.07%
6.62%
5.94%
5.37%
4.87%
5.02%
4.53%
3.95%
3.60%
3.19%
3.30%
2.98%
2.73%
2.42%
2.50%
2.27%

HSCZ Regions


HSCZ
Segment Benchmark
54.89%
50.47%
42.97%
38.91%
1.32%
1.20%
0.81%
9.42%

HSCZ Economic Development


HSCZ
Segment Benchmark
100.00%
99.99%
--
0.01%

HSCZ Performance Statistics

0.37
0.69
0.63
0.67
0.65%
MSCI World ex USA Small Cap

HSCZ BENCHMARK COMPARISON HOLDINGS

2
2549
1,597
76.16%

HSCZ BENCHMARK COMPARISON SUMMARY


HSCZ
Segment Benchmark
2
2549
$2.57B
$2.48B
17.52
18.71
1.41
1.41
2.74%
2.69%
Low
Low

HSCZ BENCHMARK COMPARISON MARKET CAP SIZE


HSCZ
Segment Benchmark
0.00%
0.00%
39.29%
36.90%
55.00%
55.41%
5.71%
7.68%