ishares Currency Hedged MSCI United Kingdom ETF ETF.com segment: Equity: U.K. - Total Market Competing ETFs: EWU, DBUK, QGBR, FKU, FLGB Related ETF Channels: U.K., Total Market, Currency Hedged, Single Country, Currency Hedged Vanilla, Europe, Equity, United Kingdom, Size and Style, Broad-based Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. F 39 FUND DESCRIPTION tracks an index of large- and midcap UK stocks, hedged against movements in the pound for US investors. FACTSET ANALYTICS INSIGHT Launched July 1, 2015, offers no-frills exposure to UK stocks with a currency hedge for US investors. The fund holds large and liquid EWU to provide the equity exposure, which in turn holds the underlying stocks directly. This structure is akin to a Russian doll, rather than a derivative. Still, derivatives are used for the FX hedge: 1-month forward contracts. We see little additional risk from the forwards themselves, which should provide effective, but not perfect, hedging. competes directly with Deutsche Bank s DBUK, which provides comparable exposure for a similar headline fee. Compare trading costs when choosing between the 2 funds, but not tracking stats. s tracking error will look bad because its NAV is based on the market price of EWU, which can trade when the index s stock market is closed. In all, offers a straightforward basket of currency-hedged stocks. Trade the new fund with care. SUMMARY DATA Issuer Brand Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) PORTFOLIO DATA Weighted Average Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings BlackRock ishares 07/01/15 Open-Ended Fund 0.47% $13.91M $279.36K 0.15% $84.77B 11.63 1.64 4.90% 07/02/19 INDEX DATA Index Tracked MSCI United Kingdom US Dollar Hedged Index Index Weighting Methodology Index Selection Methodology MSCI United Kingdom IMI
1 Year Daily Price ($) 26.00 25.00 24.00 23.00 22.00 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec `19 400k PERFORMANCE [as of 01/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS -1.48% -6.47% 2.44% -6.33% 7.47% -- -- (NAV) -1.38% -6.69% 2.19% -6.51% 8.06% -- -- MSCI United Kingdom US Dollar Hedged Index -2.39% -6.57% 1.71% -5.86% 9.01% 4.49% -- MSCI United Kingdom IMI -- -- -- -- -- -- -- All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES United Kingdom 100.00% TOP 10 SECTORS Financials 21.19% Consumer Cyclicals 6.01% Energy 20.34% Basic Materials 5.21% Consumer Non-Cyclicals 16.76% Telecommunications Serv 3.82% Healthcare 12.19% Utilities 1.62% Industrials 7.93% Technology 0.60% TOP 10 HOLDINGS ishares MSCI United King BlackRock Cash Funds Pr U.S. Dollar 97.86% 1.78% 0.35% Total Top 10 Weighting 99.99%
PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.47% -0.72% 1.17% -4.03% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K1 20.00% / 39.60% -- Qualified dividends No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund Yes Yes 80% / 20% N/A ETN Counterparty Risk N/A Fund Closure Risk High Portfolio Disclosure Daily
Daily Spread 0.8% FACTSET ANALYTICS BLOCK LIQUIDITY As of 01/07/19 0.6% 0.4% 0.2% 0% 5 4 3 2 1 This measurement shows how easy it is to trade a $1 million USD block of. is rated a 1 out of 5. Premium/Discount 2.0% 1.0% TRADABILITY Avg. Daily Share 12,467 0.0% Average Daily $ $279.36K -1.0% Median Daily Share 1,903-2.0% 300k 200k 100k Median Daily ($) Average Spread (%) Average Spread ($) $44.59K 0.15% $0.03 Feb Apr Jun Jul Sep Nov Dec Median Premium / Discount (12 Mo) 0.00% Max. Premium / Discount (12 Mo) 1.10% / -0.96% Impediment to Creations None Market Hours Overlap 100.00% Creation Unit Size (Shares) 50,000 Creation Unit/Day (45 Day Average) 0.04 Creation Unit Cost (%) 0.01% Underlying / Unit 1.23% Open Interest on ETF Options -- Net Asset Value (Yesterday) $21.83 ETF.com Implied Liquidity 1
SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Financials 21.19% 21.49% Energy 20.34% 17.56% Consumer Non- Cyclicals 16.76% 14.95% ishares MSCI United Kingdom ETF 97.86% BlackRock Cash Funds Prime SL Agency Shares 1.78% U.S. Dollar Total Top 10 Weighting 0.35% 99.99% Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation 0.24 0.44 0.45 0.35 0.73% Healthcare 12.19% 11.13% MSCI United Kingdom IMI Industrials 7.93% 10.00% Consumer Cyclicals Basic Materials Telecommunications Services 6.01% 8.02% 5.21% 5.53% 3.82% 3.40% BENCHMARK COMPARISON HOLDINGS Number of Holdings Constituents Shared Holdings 365 Utilities 1.62% 1.61% Technology 0.60% 1.27% Shared Holdings Weight 84.09% COUNTRIES United Kingdom 100.00% 100.00% BENCHMARK COMPARISON SUMMARY Number of Holdings 365 REGIONS Europe 100.00% 100.00% Weighted Average Market Cap Price / Earnings Ratio $84.77B $71.80B 11.63 12.40 ECONOMIC DEVELOPMENT Developed Countries 100.00% 100.00% Price / Book Ratio Dividend Yield 1.64 1.68 4.71% 4.44% Concentration Medium Medium 2019 ETF.com The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional. ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com. [ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Data provider: Terms of Use