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

iShares MSCI Australia ETF

$29.97+1.22% today
253052-WK

The fund generally invests 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 underlying index is designed to measure the performance of large- and mid-capitalization segments of the Australian equity market. The fund is non-diversified.

Price & daily flows
29.227.726.129.97DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$325M OVER THIS RANGE

The desk’s read

Money is leaving — −$61M walked out over the past month, about 4.6% of the fund's asset base, while the price has returned +13.2% so far this year. At 0.50% 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

$1.3Bassets under management
0.50%expense ratio · $50 per $10,000 a year
−$61Mnet flow, trailing month
1.7Mavg daily volume, 30 days
66holdings · US-domiciled
1996listed March 11, 1996 · beta 0.92
The book at a glance
BHP+3.4%SIGCSL+2.7%ALL-0.1%SUN-0.2%WES-1.1%WDS+1.6%IAGRIO+3.8%EVN+0.6%TLS-0.5%ASXCBA13.2%NAB5.8%WBC5.7%ANZ5.5%MQG4.5%

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

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1BHPBHP GROUP15.13%$92.16+3.4%
2SIGSIGNET JEWELERS0.73%$85.62+0.7%
3CSLCARLISLE COMPANIES3.13%$366.23+2.7%
4VCXFundrise Innovation Fund0.50%$39.95+1.1%
5ALLALLSTATE1.68%$260.85-0.1%
6SUNSUNOCO LP0.97%$77.03-0.2%
7APAAPA0.63%$43.44+2.5%
8WESWESTERN MIDSTREAM PARTNERS LP4.61%$49.26-1.1%
9CARAVIS BUDGET GROUP0.51%$139.37+1.1%
10WDSWOODSIDE ENERGY GROUP2.99%$23.93+1.6%
11IAGIAMGOLD0.87%$19.66+8.1%
12RIORIO TINTO3.00%$100.36+3.8%
13EVNEATON VANCE MUNICIPAL INCOME TRUST1.35%$10.82+0.6%
14TLSTELOS0.90%$4.37-0.5%
15ASXASE TECHNOLOGY HOLDING CO0.54%$35.83-1.5%

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Sector weights
Financials40.17%
Materials24.9%
Consumer Discretionary6.86%
Health Care5.25%
Industrials5.14%
Real Estate4.75%
Energy4.24%
Consumer Staples3.86%
Communication1.86%
Utilities1.62%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+0.3%
1 month+4.2%
3 months+4.0%
6 months+2.8%
YTD+13.2%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$126M
1 month−$61M
3 months−$28M
YTD−$129M
1 year−$325M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
17%realized volatility, 30 days (annualized)
18%realized volatility, 1 year
-10.0%deepest fall from a peak, 1 year
-1.4%where it sits vs. that peak today

The top holding is 15.1% of the book; the top ten carry 64%. Spread across 50+ names, it behaves like roughly 16 equally-weighted positions.

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

Options tape
11calls today
11puts today
1.00put/call ratio
1.8Mshares traded
Most-traded holdings, options premiumBullishBearish
APA APA$1M$1M
BHP BHP GROUP$1M$653,166
ASX ASE TECHNOLOGY HOLDING CO$616,876$778,533
ALL ALLSTATE$346,439$773,777
RIO RIO TINTO$700,383$398,942

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

The case against EWA

Due diligence cuts both ways. These funds sit on the same shelf and beat EWA 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-45bp on fee · 97× the assets · +$547M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-46bp on fee · 25× the assets · +$104M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-46bp on fee · 18× the assets · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-46bp on fee · 14× the assets · +$312M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$195.3B+$631M-43bp on fee · 148× 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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