Key Highlights

  • The fund tracks Canadian equities, giving single-country exposure to 81 companies.
  • Royal Bank of Canada, Toronto-Dominion and Shopify are the largest holdings by market value.
  • The expense ratio is 0.50 percent, with semi-annual distributions.
  • Net Assets were about $7.7 billion on November 11, 2026.

The iShares MSCI Canada ETF (NYSEARCA:EWC) closed at $60.48 on November 11, 2026, with net assets of about $7.7 billion. The fund seeks to track an index composed of Canadian equities, providing a single-country view of the Canadian market. Its portfolio reflects the country's large banks, energy producers, technology companies and Mining firms.

Ticker and exchange

EWC, NYSE Arca

Benchmark index

MSCI Canada Custom Capped Index

Net asset value

$60.48 (Nov 11, 2026)

Daily NAV change

Up $0.20 (0.34%)

Net assets

$7,650,695,919

Number of holdings

81

Expense ratio

0.50%

30-day SEC yield

1.28%

Distribution frequency

Semi-annual

Fund inception

March 12, 1996

A Single-Country Structure

The index behind EWC covers the Canadian Equity market through a capped index methodology that limits the weight of the largest companies. Because the fund holds only Canadian securities, its results depend heavily on domestic economic conditions, the Canadian dollar and the policy decisions of Canadian authorities.

With 81 holdings, the portfolio captures much of the investable Canadian market. The concentration in financial and resource companies is a defining feature of the fund.

Largest Positions

Royal Bank of Canada accounts for about 9.13 percent of market value, followed by Toronto-Dominion Bank at 6.66 percent and Shopify at 5.77 percent. Bank of Montreal holds roughly 3.84 percent, and Bank of Nova Scotia accounts for about 3.69 percent. Canadian Imperial Bank of Commerce, Enbridge, Canadian Natural Resources, Agnico Eagle Mines and Brookfield also rank among the top ten.

Banks account for a large part of the top positions, while energy, technology and mining companies add to the mix. The fund's largest holdings are therefore tied to lending activity, pipeline operations and commodity-linked businesses.

Trading and Distribution Details

About 4.20 million shares traded on November 11, 2026, compared with a 30-day Average Daily Volume of roughly 1.89 million shares. The 30-day median bid-ask spread was 0.02 percent, and the fund had 126.5 million shares outstanding.

The fund distributes income semi-annually, and the June 2026 payment totaled $0.275497 per share. The 30-day SEC Yield was 1.28 percent and the 12-month trailing yield was 1.24 percent, both calculated at the end of October 2026.

Final Word

EWC offers a single-country route into Canadian equities, with 81 holdings led by major banks and a technology company. Its 0.50 percent expense ratio and semi-annual distribution schedule define the cost and income terms. The fund's course will continue to depend on Canadian economic conditions, currency movements and the performance of its financial and resource companies.