Highlights

  • EFAV targets developed market equities outside the United States and Canada selected for lower Volatility characteristics.
  • The published expense ratio is 0.20%.
  • The fund's distribution frequency is semi-annual.

iShares MSCI EAFE Min Vol Factor ETF (Cboe BZX:EFAV) seeks exposure to developed market equities outside the United States and Canada selected for lower volatility characteristics. With net asset value of USD 95.99 per share as of 2 November 2026, the fund reported net Assets of USD 5,519,575,054 as of 2 November 2026. Its Investment approach centres on tracking the MSCI EAFE Minimum Volatility index (Net).

Risk Characteristics Refine the International Universe

The strategy adds a lower volatility objective to a developed market universe outside the United States and Canada. This can alter sector and country weights from those of a broad regional benchmark. The resulting holdings remain equities whose values depend on Earnings and market expectations. A lower volatility target describes the portfolio construction objective, rather than establishing a limit on possible losses.

Portfolio Composition and Exposure

EFAV reported 265 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 19.70% and Industrials at 14.20%. 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

EFAV lists an expense ratio of 0.20%. 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 Cboe BZX 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

Equity prices and overseas currencies can decline, while risk relationships used in portfolio construction can change. The strategy may behave differently from broad developed market equities under changing conditions. EFAV combines international developed market exposure with a risk based selection objective, making the resulting country and sector allocation central to understanding its design.