ATLASiShares MSCI Belgium ETF (EWK): outlook, holdings and fees
iShares MSCI Belgium ETF (EWK) is an exchange-traded fund and is managed by iShares. The expense ratio is 0.47% and the yield is 1.98%. The ten largest holdings are 66% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on EWK
| Last price | $26.55 (+1.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $26.00 – $27.38 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 1.98% · semi annual |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
EWK fund facts
| Issuer | iShares |
|---|---|
| Theme | Other strategies |
| Assets under management | $237M |
| Expense ratio | 0.47% |
| Number of holdings | 38 |
| Portfolio turnover | 12% |
| Inception | Mar 12, 1996 |
| Exchange | NYSE |
The fund generally will invest 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 index is designed to measure the performance of the large-, mid- and small-capitalization segments of the equity market in Belgium. The fund is non-diversified.
EWK top holdings
| Holding | Sector | Weight |
|---|---|---|
| Anheuser Busch Inbev SA NV ABI | Consumer Defensive | 21.38% |
| Argen-X ARGX | Healthcare | 14.77% |
| KBC Groep NV KBC | Financial Services | 7.58% |
| ageas SA/NV AGS | Financial Services | 4.77% |
| UCB SA UCB | Healthcare | 4.17% |
| Aedifica AED | Real Estate | 3.21% |
| Ackermans & Van Haaren NV ACKB | Industrials | 2.88% |
| Syensqo SYENS | Basic Materials | 2.66% |
| Groep Brussel Lambert NV GBLB | Financial Services | 2.54% |
| Lotus Bakeries LOTB | Consumer Defensive | 2.54% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
EWK sector breakdown
| Sector | Weight |
|---|---|
| Healthcare | 24.9% |
| Consumer Defensive | 23.7% |
| Financial Services | 19.2% |
| Real Estate | 9.5% |
| Industrials | 7.6% |
| Basic Materials | 5.9% |
| Utilities | 2.5% |
| Consumer Cyclicals | 1.9% |
| Communication Services | 1.6% |
| Technology | 1.6% |
| Energy | 1.6% |
By region: Europe Developed 81.7%, North America 17.6%, United Kingdom 0.7%.
EWK returns and risk
| Year to date | +6.3% |
|---|---|
| 1 year | +10.6% |
| 3 years (annualised) | +17.2% |
| 5 years (annualised) | +7.1% |
| 10 years (annualised) | +6.2% |
| Volatility (3 years) | 14.9% |
| Sharpe ratio (3 years) | 0.87 |
Past returns do not guarantee future results.
EWK: frequently asked questions
What does EWK invest in?
iShares MSCI Belgium ETF invests in a portfolio of securities. Its largest holdings are Anheuser Busch Inbev SA NV (21.4%), Argen-X (14.8%), KBC Groep NV (7.6%), ageas SA/NV (4.8%), UCB SA (4.2%).
What is the EWK expense ratio?
0.47% a year: about $47.00 for every $10,000 invested.
What is the EWK dividend yield?
1.98%, paid semi annual. ATLAS does not hold the exact distribution dates for ETFs.
Will EWK go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $26.00 to $27.38 from $26.55 today. It is a probability, not a prediction.
How has EWK performed?
Year to date +6.3%, one year +10.6%, three years +17.2% a year, five years +7.1% a year. Past returns do not guarantee future results.
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- iShares Russell 3000 ETF (IWV)
- Vanguard Mortgage-Backed Securities ETF (VMBS)
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Educational information, not investment advice. Disclaimer