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Wednesday, August 19, 2026The Morning Brief →Sign in
EFAISharesINDEX

iShares MSCI EAFE ETF

$107.66+0.36% today
9110952-WK

The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index is a free float-adjusted, market capitalization-weighted index designed to measure large- and mid-capitalization equity market performance of developed markets outside of the U.S. and Canada.

Price & daily flows
107.4105.6103.9107.66DAILY NET FLOWJul 20Jul 29Aug 10Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1M SHOWN · NET −$374M OVER THIS RANGE

The desk’s read

Money is leaving — −$374M walked out over the past month, about 0.5% of the fund's asset base, while the price has returned +10.9% so far this year. At 0.35% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$80Bassets under management
0.35%expense ratio · $35 per $10,000 a year
−$374Mnet flow, trailing month
10.3Mavg daily volume, 30 days
783holdings · US-domiciled
2001listed August 13, 2001 · beta 0.96
The book at a glance
ASML-4.3%BP.+1.3%BA.-1.3%SHEL+0.5%DTE-0.5%BHP+0.8%PRUVODROP+1.1%AZN+2.0%TSCO+0.1%SAP+1.2%GSK+1.7%SAN-2.4%TTE+0.9%CSLBBVA-0.2%NWGRIOCFR-0.5%AIR-2.8%HLNSPOT+4.9%ARGX+0.3%WES+2.4%DG+0.7%RACE-0.9%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1ASMLASML HOLDING NV3.22%$1802.78-4.3%
2BP.BP0.49%$43.44+1.3%
3BA.BOEING0.39%$223.02-1.3%
4SHELSHELL1.12%$92.02+0.5%
5DTEDTE ENERGY0.50%$140.41-0.5%
6BHPBHP GROUP0.99%$89.12+0.8%
7SIGSIGNET JEWELERS0.05%$85.02-1.2%
8PRUPRUDENTIAL FINANCIAL0.16%$124.67+0.1%
9VODVODAFONE GROUP PUBLIC LTD0.13%$16.15-0.3%
10ROPROPER TECHNOLOGIES1.36%$394.25+1.1%
11AZNASTRAZENECA1.04%$160.07+2.0%
12CNACNA FINANCIAL0.04%$50.36+0.4%
13AIAISHARES ASIA 50 ETF0.04%$135.09-3.9%
14TSCOTRACTOR SUPPLY0.17%$34.72+0.1%
15SAPSAP SE0.96%$210.44+1.2%

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Sector weights
Financials26.11%
Industrials19.24%
Information Technology10.98%
Health Care9.91%
Consumer Discretionary8.2%
Consumer Staples6.41%
Materials5.96%
Communication3.93%
Energy3.64%
Utilities3.62%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Japan23.78%
United Kingdom14.21%
France9.77%
Switzerland9.25%
Germany8.91%
Australia6.56%
Netherlands6.04%
Spain3.99%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-0.8%
1 month+4.2%
3 months+4.9%
6 months+3.3%
YTD+10.9%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$59M
1 month−$374M
3 months+$116M
YTD+$469M
1 year+$1.7B

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
14%realized volatility, 30 days (annualized)
16%realized volatility, 1 year
-11.4%deepest fall from a peak, 1 year
-0.9%where it sits vs. that peak today

The top holding is 3.2% of the book; the top ten carry 13%. Spread across 250+ names, it behaves like roughly 101 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
18Kcalls today
18Kputs today
1.00put/call ratio
11.6Mshares traded
Most-traded holdings, options premiumBullishBearish
NBIS Nebius Group NV$141M$134M
ASML ASML HOLDING NV$49M$47M
BA. BOEING$15M$24M
SPOT SPOTIFY TECHNOLOGY SA$6M$6M
NEM NEWMONT$6M$6M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against EFA

Due diligence cuts both ways. These funds sit on the same shelf and beat EFA on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-30bp on fee · 2× the assets · +$547M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-31bp on fee · +$104M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-31bp on fee · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-31bp on fee · +$312M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$195.3B+$631M-28bp on fee · 2× the assets · +$631M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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