XEF.TO
iShares Core MSCI EAFE IMI Index ETF
XEF seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI EAFE Investable Market Index, net of expenses. Under normal market conditions, XEF will primarily invest in securities of one or more iShares
International
EQUITY
Passive
MANAGEMENT STYLE
$15.3 B
ASSETS UNDER MGMT
23 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 10, 2013 |
| Assets (mns) | $15,344 |
| Expense ratio | 23 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Semi-annual |
| Taxation | |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ASML HOLDING NV | 1.7 % |
| ROCHE HOLDING AG-BR | 1.2 % |
| ASTRAZENECA PLC | 1.2 % |
| NESTLE SA-REG | 1.1 % |
| SAP AG | 1.1 % |
| NOVARTIS AG | 1.1 % |
| HSBC HOLDINGS PLC | 1.1 % |
| SHELL PLC | 0.9 % |
| SIEMENS AG-REG | 0.9 % |
| TOYOTA MOTOR CORP | 0.8 % |
Constituent Breakdown
| Number of holdings | 2537 |
| Herfindahl-Hirschman Index | 33 |
| Wgt avg mkt cap (mns) | $82,254 |
| Large cap (>$10bn) | 76.1% |
| Mid cap ($2-10bn) | 14.3% |
| Small cap (<$2bn) | 3.1% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 23.7 % |
 |
BRITAIN | 13.6 % |
 |
SWITZERLAND | 8.8 % |
 |
FRANCE | 8.7 % |
 |
GERMANY | 8.2 % |
 |
AUSTRALIA | 6.5 % |
 |
NETHERLANDS | 4.4 % |
 |
SPAIN | 3.3 % |
 |
SWEDEN | 3.1 % |
 |
ITALY | 3.0 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.1% | 10.5% | 11.8% | 12.5% | 7.9% | 4.1% | -- | 6.3% |
| Dividend Yield | 9.9% | 10.2% | 6.4% | 4.9% | 3.0% | 3.3% | -- | 2.7% |
| Total Returns | 22.0% | 20.7% | 18.2% | 17.4% | 11.0% | 7.3% | -- | 9.0% | Ann. Volatility | 17.7% | 15.7% | 12.9% | 13.0% | 13.3% | 14.9% | -- | 14.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.56 | 43% |
| MSCI EAFE | 0.56 | 58% |
| MSCI Emg Mkts | 0.43 | 40% |
Liquidity Measures
| Avg. volume (000) | 211 |
| ADV traded (mns) | $10 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $46.01 |
| 30d moving avg. | $42.41 |
| Annualized volatility | 11.0% |
| Relative strength (RSI) | 53 |
| Short interest | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| VIU.TO | Vanguard FTSE Developed All Cap ex North America Index ETF | 90.2% | 0 bp | +6.2% |
| ZEA.TO | BMO MSCI EAFE Index ETF | 83.9% | +5 bp | +6.5% |
| XSEA.TO | iShares ESG Aware MSCI EAFE Index ETF | 65.1% | +9 bp | +6.4% |
| XDSR.TO | iShares ESG Advanced MSCI EAFE Index ETF Trust Units | 36.8% | +6 bp | +5.6% |
Risk and Returns: XEF.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/20/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
XEF.TO
6.3%
Cat. Avg
7.1%
ALTAR Score™ Calculation
Category Overview
There are 269 funds in the International Equity category, with an average ALTAR Score™
of 7.1% and a standard deviation of
1.8%. XEF.TO's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places XEF.TO in the 33rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XEF.TOSELL
U/W
HOLD
O/W
BUY