Highlights

  • EWA targets Australian equities through a US listed fund.
  • The published expense ratio is 0.50%.
  • The fund's distribution frequency is semi-annual.

iShares MSCI Australia ETF (NYSE Arca:EWA) seeks exposure to Australian equities through a US listed fund. With net asset value of USD 29.37 per share as of 2 November 2026, the fund reported net Assets of USD 1,245,483,738 as of 2 November 2026. Its Investment approach centres on tracking the MSCI Australia index (Net).

A Country Mandate With Distinct Industry Weights

Australia exposure brings a specific industry mix into the portfolio. A substantial allocation to financial and materials businesses links the fund to different Earnings drivers, including lending activity and Demand for resource products. That composition can diverge from a global Equity portfolio. Although the ETF trades in the United States, the underlying businesses remain connected to Australian economic conditions and overseas demand.

Portfolio Composition and Exposure

EWA reported 43 holdings as of 2 November 2026. This count describes the portfolio at that date and can change as securities enter or leave the fund. It does not indicate that each position carries the same weight.

The published exposure breakdown as of 2 November 2026 included Financials at 42.71% and Materials at 22.71%. These allocations show where a meaningful part of the portfolio's exposure was concentrated. The percentages can change with market values and portfolio adjustments.

Fees and Distribution Policy

EWA lists an expense ratio of 0.50%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on NYSE Arca at market prices, which may differ from net asset value.

The stated distribution frequency is semi-annual. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Bank Credit conditions, Commodity demand and Australian dollar movements can affect the portfolio. A single country mandate can also concentrate exposure to domestic policy and financing conditions. EWA provides Australian equity exposure, with financials and materials central to its Business mix and currency movements relevant to its US dollar valuation.