Highlights

  • SCZ targets small cap developed market equities outside the United States and Canada.
  • The published expense ratio is 0.40%.
  • The fund's distribution frequency is semi-annual.

iShares MSCI EAFE Small-Cap ETF (NASDAQ:SCZ) seeks exposure to small cap developed market equities outside the United States and Canada. With net asset value of USD 82.90 per share as of 2 November 2026, the fund reported net Assets of USD 12,782,416,886 as of 2 November 2026. Its Investment approach centres on tracking the MSCI EAFE Small Cap index (Net).

Smaller Businesses Extend International Coverage

A small cap mandate accesses a different group of developed market businesses from large and Mid cap Equity portfolios. These companies can have more focused operations, different customer bases and less flexible funding. Their country and sector mix determines the practical shape of the international allocation. A wide holdings list spreads individual company exposures while retaining common influences from currencies and economic conditions.

Portfolio Composition and Exposure

SCZ reported 2,023 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 Industrials at 23.07% and Financials at 12.93%. 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

SCZ lists an expense ratio of 0.40%. 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 Nasdaq 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

Smaller company liquidity, weaker financing access and currency movements can affect the fund. A downturn in regional Demand may pressure multiple businesses despite a substantial number of portfolio holdings. SCZ adds a small company segment to international developed market exposure, with country distribution and industry composition explaining the risks behind its broad holdings universe.