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HEFA

iShares Currency Hedged MSCI EAFE ETF

MSCI EAFE developed-market exposure with currency risk 100% hedged to USD, reset monthly. Fund-of-funds: holds EFA plus one-month FX forwards, so look-through exposure is EFA's ~700 stocks. Outperforms unhedged EAFE when the dollar strengthens.

EquityTER 0.35%Dist.
TER
0.35%
AUM
$6.4B
Holdings
Data Range
— → —

Key Facts

ISIN
US46434V8037
Issuer
BlackRock
Benchmark
MSCI EAFE 100% Hedged to USD Index
Total Expense Ratio (TER)
0.35%
Assets Under Management
$6.4B approx.
Inception Date
2014-01-31
Domicile
United States
Legal Structure
Open-End Fund
Dividend Policy
Distributing (pays dividends)
Replication Method
Physical (Full Replication)
UCITS Status
✗ Not UCITS
Fund Currency
USD
Primary Exchange
Cboe BZX
Number of Holdings
N/A

Equivalent ETFs

These ETFs track the same or very similar underlying index:

Backtest this ETFOfficial Fund Page

Who Is This ETF For?

General portfolio building block for the asset class it covers.

Key Risks to Consider

Market risk: equity values can drop 30-50% in severe bear markets.

Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

Similar ETFs

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: iShares (metadata); research profile — price series pendingLast verified: 2026-08-28

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UCITS Equivalent

EFA

iShares MSCI EAFE ETF

TER 0.32%$55B AUM

Similar ETFs

IEFA

iShares Core MSCI EAFE ETF

TER 0.07%$125B AUM
VEA

Vanguard FTSE Developed Markets ETF

TER 0.05%$120B AUM
VXUS

Vanguard Total International Stock ETF

TER 0.07%$75B AUM
EFA

iShares MSCI EAFE ETF

TER 0.32%$55B AUM

Alternative Approaches

SPY

SPDR S&P 500 ETF Trust

TER 0.09%$570B AUM
VOO

Vanguard S&P 500 ETF

TER 0.03%$560B AUM
IVV

iShares Core S&P 500 ETF

TER 0.03%$560B AUM
VTI

Vanguard Total Stock Market ETF

TER 0.03%$435B AUM

💬 Frequently Asked Questions

MSCI EAFE developed-market exposure with currency risk 100% hedged to USD, reset monthly. Fund-of-funds: holds EFA plus one-month FX forwards, so look-through exposure is EFA's ~700 stocks. Outperforms unhedged EAFE when the dollar strengthens.
HEFA has a total expense ratio (TER) of 0.35%, which means you pay $35 per year for every $10,000 invested.
Yes, HEFA is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.
HEFA is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).
HEFA uses full physical replication, meaning it holds all (or nearly all) securities in the MSCI EAFE 100% Hedged to USD Index index directly.
Similar ETFs tracking the same or a very similar index include: EFA. These may differ in domicile, currency, dividend policy, or expense ratio.