Average Daily Volume
3.26M
Fund Overview
The iShares MSCI EAFE Value ETF (EFV) seeks to track the investment results of the MSCI EAFE Value Index, which is composed of large- and mid-cap equities from Europe, Australasia, and the Far East that exhibit value characteristics. The fund provides exposure to undervalued companies in developed markets outside the U.S. and Canada, offering investors a way to diversify their portfolios internationally while focusing on value stocks. EFV is one of the largest and most liquid ETFs in the international value category, making it a popular choice for investors seeking value exposure in developed ex-North America markets.
- Asset Class
-
Equity
- Industry
-
N/A
- Annual Dividend Rate
-
- Smart Beta
-
Yes
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 3.38 %
- Currency Hedged
-
No
- Portfolio Turnover
-
28 %
- Dividend Date
-
Why Invest in the EFV ETF?
Potential Benefits
- Provides exposure to undervalued large- and mid-cap stocks in developed international markets, potentially offering higher returns as these stocks rebound.
- Diversifies a portfolio geographically, reducing concentration risk in U.S. equities.
- Lower expense ratio compared to many actively managed international value funds.
- Highly liquid with substantial assets under management, ensuring tight bid-ask spreads.
- Tracks a well-established index (MSCI EAFE Value) with a transparent methodology.
- Offers a dividend yield that may be attractive to income-focused investors.
Potential Risks
- Value stocks may underperform growth stocks for extended periods, particularly in strong bull markets.
- Concentrated exposure to financials and industrials sectors, which dominate the value index.
- Currency fluctuations in non-U.S. markets can impact returns for U.S. investors.
- Political and economic risks specific to developed international markets.
- Higher volatility compared to broad international market ETFs due to value focus.
- Dividend payments may be subject to foreign withholding taxes.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+5.5%
|
+5.9%
|
-6.8%
|
+4.4%
|
+1.4%
|
-0.1%
|
+5.7%
|
+1.1%
|
-3.3%
|
-0.8%
|
-
|
-
|
| 2025 |
+4.6%
|
+4.4%
|
+2.9%
|
+3.4%
|
+4.4%
|
+1.9%
|
-0.2%
|
+5.7%
|
+1.3%
|
+0.9%
|
+2.7%
|
+3.9%
|
| 2024 |
-1.1%
|
+1.2%
|
+4.3%
|
-1.7%
|
+5.2%
|
-3.0%
|
+4.1%
|
+3.0%
|
+1.2%
|
-4.6%
|
-0.2%
|
-2.5%
|
| 2023 |
+8.2%
|
-2.2%
|
0.0%
|
+3.5%
|
-5.2%
|
+5.7%
|
+4.3%
|
-3.2%
|
-1.0%
|
-3.5%
|
+6.9%
|
+5.1%
|
| 2022 |
+2.1%
|
-2.9%
|
+0.6%
|
-5.3%
|
+3.8%
|
-9.6%
|
+2.1%
|
-4.6%
|
-8.9%
|
+7.2%
|
+12.6%
|
-0.2%
|
| 2021 |
-0.6%
|
+4.9%
|
+3.5%
|
+1.8%
|
+3.9%
|
-2.4%
|
-0.3%
|
+0.7%
|
-2.1%
|
+2.2%
|
-5.9%
|
+5.4%
|
| 2020 |
-4.2%
|
-8.1%
|
-18.8%
|
+4.9%
|
+4.6%
|
+3.3%
|
-0.2%
|
+5.3%
|
-3.9%
|
-3.7%
|
+17.9%
|
+4.5%
|
| 2019 |
+6.5%
|
+1.7%
|
-0.2%
|
+2.5%
|
-6.2%
|
+5.3%
|
-2.8%
|
-3.5%
|
+5.0%
|
+3.4%
|
+0.5%
|
+3.3%
|
| 2018 |
+5.7%
|
-5.3%
|
-1.3%
|
+2.3%
|
-4.1%
|
-1.4%
|
+3.0%
|
-3.8%
|
+2.0%
|
-7.1%
|
+0.4%
|
-5.4%
|
| 2017 |
+2.9%
|
+0.3%
|
+3.1%
|
+2.2%
|
+2.1%
|
+0.8%
|
+3.1%
|
-0.5%
|
+3.0%
|
+0.7%
|
+0.7%
|
+1.1%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
WDS
|
WOODSIDE ENERGY GROUP LTD |
0.3 % |
|
TEF
|
TELEFONICA SA |
0.2 % |
|
AER
|
AERCAP HOLDINGS NV |
0.2 % |
|
CCEP
|
COCA-COLA EUROPACIFIC PARTNERS PLC |
0.2 % |
|
TEVA
|
TEVA PHARMACEUTICAL INDUSTRIES LTD ADR |
0.2 % |
Top 10 holdings shown, out of 423 total holdings.
Related ETFs: EFV vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
EFV tracks the MSCI EAFE Value Index, which selects stocks from developed markets outside the U.S. and Canada that exhibit value characteristics based on price-to-book, price-to-forward earnings, and dividend yield. The index uses a market-cap weighting approach within its value selection universe. The fund holds hundreds of stocks across multiple countries and sectors, primarily common stocks. EFV is passively managed and rebalances quarterly to align with index changes. The ETF uses a representative sampling strategy to track its index rather than full replication.
Frequently Asked Questions
What countries does EFV invest in?
EFV invests across 21 developed markets in Europe, Australasia, and the Far East, with significant exposure to Japan, UK, France, Germany, and Switzerland.
How often does EFV pay dividends?
EFV typically pays dividends quarterly, though the amounts may vary based on the underlying stocks' dividend payments.
Is EFV a good hedge against U.S. market downturns?
While not perfectly correlated, international value stocks in EFV may provide some diversification benefits during U.S. market stress, though they can also be affected by global market conditions.
How does EFV's value approach differ from growth investing?
EFV focuses on stocks with lower valuations (price-to-book, P/E ratios) and higher dividend yields, while growth ETFs target companies with higher earnings growth potential, often at premium valuations.
What is EFV's largest sector allocation?
Financials typically represent EFV's largest sector allocation (around 25-30%), followed by industrials and consumer discretionary, reflecting typical value stock characteristics in international markets.
Industry Overview
The EFV ETF provides exposure to the international value investing segment, focusing on developed markets outside North America. Value investing in international markets offers the potential for outperformance when undervalued stocks eventually revert to their intrinsic worth. The MSCI EAFE Value Index that EFV tracks includes companies from 21 developed markets, with significant weightings in Japan, the UK, France, and Germany. International value stocks have historically shown low correlation with U.S. growth stocks, making EFV potentially valuable for portfolio diversification. The financials and industrials sectors dominate the index, reflecting typical value characteristics in these regions.
Alternative Comparison
Compared to FNDF (Schwab Fundamental International Large Company Index ETF), EFV uses traditional value metrics rather than fundamental weighting, resulting in different sector exposures. IVLU (iShares Edge MSCI Intl Value Factor ETF) applies a more stringent value factor approach with additional quality screens, while EFV offers broader value exposure. EFV's expense ratio is competitive at 0.34%, slightly higher than FNDF's 0.25% but lower than many active international value funds. Unlike some competitors that may use derivatives, EFV primarily holds physical securities for direct exposure to its underlying stocks.
Issuer Overview
EFV is issued by iShares, the ETF arm of BlackRock, the world's largest asset manager. iShares is a leading ETF provider with extensive experience in index-tracking products, offering a wide range of ETFs across asset classes and investment strategies. BlackRock's scale provides EFV with efficient operations and tight tracking of its benchmark index.
Conclusion
EFV provides efficient, low-cost exposure to value stocks in developed international markets, serving as a core holding for investors seeking international value exposure. While it carries typical risks associated with value investing and international markets, its size, liquidity, and transparent approach make it a compelling option for long-term investors looking to diversify beyond U.S. value stocks. The fund's sector concentrations and value focus mean it may perform differently than broad international market ETFs, potentially offering diversification benefits in certain market environments.
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