ATLASiShares Currency Hedged MSCI EAFE ETF (HEFA): outlook, holdings and fees
iShares Currency Hedged MSCI EAFE ETF (HEFA) is an exchange-traded fund and is managed by iShares. The expense ratio is 0.35% and the yield is 3.23%. The ten largest holdings are 14% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on HEFA
| Last price | $46.54 (+0.5%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 57% |
| Likely 1-month range (50%) | $45.83 – $47.76 |
| Normal 1-day range (±1σ) | ±0.7% |
| Distribution yield | 3.23% |
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.
HEFA fund facts
| Issuer | iShares |
|---|---|
| Theme | International developed |
| Assets under management | $7.5B |
| Expense ratio | 0.35% |
| Number of holdings | 656 |
| Portfolio turnover | 15% |
| Inception | Jan 31, 2014 |
| Exchange | CBOE |
The fund generally will invest at least 80% of its assets in the component securities (including indirect investments through the underlying fund) and other instruments of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is composed of large- and mid-capitalization equities in Europe, Australasia, and the Far East while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar.
HEFA top holdings
| Holding | Sector | Weight |
|---|---|---|
| ASML Holding N.V. ASML | Technology | 3.31% |
| HSBC Holdings PLC HSBA | Financial Services | 1.51% |
| Roche Holding AG ROP | Healthcare | 1.37% |
| Shell plc SHEL | Energy | 1.29% |
| Novartis AG NOVN | Healthcare | 1.27% |
| AstraZeneca PLC AZN | Healthcare | 1.08% |
| Nestle S.A. NESN | Consumer Defensive | 1.13% |
| Mitsubishi UFJ Financial Group Inc 8306 | Financial Services | 1.11% |
| Siemens Aktiengesellschaft SIE | Industrials | 1.05% |
| SAP SE SAP | Technology | 1.05% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
HEFA sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 26.0% |
| Industrials | 18.1% |
| Technology | 12.6% |
| Healthcare | 10.3% |
| Consumer Cyclicals | 7.2% |
| Consumer Defensive | 6.2% |
| Basic Materials | 5.9% |
| Communication Services | 4.6% |
| Energy | 4.0% |
| Utilities | 3.6% |
| Real Estate | 1.6% |
By region: Europe Developed 49.5%, Japan 23.8%, United Kingdom 13.9%, Australasia 6.5%, Asia Developed 3.7%.
HEFA returns and risk
| Year to date | +13.5% |
|---|---|
| 1 year | +18.5% |
| 3 years (annualised) | +19.9% |
| 5 years (annualised) | +13.3% |
| 10 years (annualised) | +11.7% |
| Volatility (3 years) | 8.2% |
| Sharpe ratio (3 years) | 1.61 |
Past returns do not guarantee future results.
HEFA: frequently asked questions
What does HEFA invest in?
iShares Currency Hedged MSCI EAFE ETF invests in a portfolio of securities. Its largest holdings are ASML Holding N.V. (3.3%), HSBC Holdings PLC (1.5%), Roche Holding AG (1.4%), Shell plc (1.3%), Novartis AG (1.3%).
What is the HEFA expense ratio?
0.35% a year: about $35.00 for every $10,000 invested.
What is the HEFA dividend yield?
3.23%. ATLAS does not hold the exact distribution dates for ETFs.
Will HEFA go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 57%, with a likely range (50%) of $45.83 to $47.76 from $46.54 today. It is a probability, not a prediction.
How has HEFA performed?
Year to date +13.5%, one year +18.5%, three years +19.9% a year, five years +13.3% a year. Past returns do not guarantee future results.
Similar ETFs: International developed
- Vanguard FTSE Developed Markets ETF (VEA)
- iShares Core MSCI EAFE ETF (IEFA)
- Vanguard Total International Stock ETF (VXUS)
- iShares MSCI EAFE ETF (EFA)
- Vanguard FTSE All-World ex-US Index Fund ETF Shares (VEU)
- Schwab International Equity ETF (SCHF)
- iShares Core MSCI Total International Stock ETF (IXUS)
- State Street SPDR Portfolio Developed World ex-US ETF (SPDW)
Educational information, not investment advice. Disclaimer