HEFA

📎 Investment Objective

The iShares Currency Hedged MSCI EAFE ETF (HEFA) seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities outside of the U.S. and Canada, with currency exposure hedged against the U.S. dollar.

✨ Key Features

• Provides exposure to developed market equities outside the U.S. and Canada with currency risk hedged against the U.S. dollar
• Employs a passive, index-tracking investment strategy
• Diversified across multiple countries and sectors in the EAFE region
• Relatively low expense ratio compared to actively managed international funds

⚠️ Primary Risks

• Market risk: The value of the fund's shares will fluctuate with changes in the value of the underlying securities
• Currency risk: The fund's currency hedging strategy may not fully offset fluctuations in foreign currencies against the U.S. dollar
• Tracking error risk: The fund may not perfectly track the performance of its underlying index
• Liquidity risk: The fund may have difficulty trading certain securities at an advantageous time or price

👤 Best For

The iShares Currency Hedged MSCI EAFE ETF may be suitable for investors seeking broad exposure to developed international equities with reduced currency risk relative to the U.S. dollar. It can be used as a core holding in a diversified portfolio or as a complement to unhedged international equity allocations.