Highlights

  • EFA targets large and Mid cap developed market equities outside the United States and Canada.
  • The published expense ratio is 0.32%.
  • The fund's distribution frequency is semi-annual.

iShares MSCI EAFE ETF (NYSE Arca:EFA) seeks exposure to large and mid cap developed market equities outside the United States and Canada. With net asset value of USD 103.38 per share as of 2 November 2026, the fund reported net Assets of USD 76,727,511,163 as of 2 November 2026. Its Investment approach centres on tracking the MSCI EAFE Index (Net).

Developed Markets Within a Defined Geographic Universe

The mandate covers a developed market Equity universe that excludes the United States and Canada. It therefore has different geographic boundaries from an unrestricted global portfolio. The large and mid cap focus also leaves a different company size mix from a dedicated small cap strategy. Country, currency and sector weights determine how the broad international label translates into actual economic exposure.

Portfolio Composition and Exposure

EFA reported 657 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 25.28% and Industrials at 18.34%. 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

EFA lists an expense ratio of 0.32%. 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

Overseas economic weakness, currency changes and company Earnings can affect the fund. Developed market classification does not prevent concentration in particular countries, industries or large constituents. EFA provides a defined international developed market allocation, with its US and Canada exclusions and sector weights essential to understanding the scope of the portfolio.