Key stats
About iShares Currency Hedged MSCI EAFE Small-Cap ETF
Home page
Inception date
Jun 29, 2015
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
ISIN
US46435G8399
HSCZ, launched July 1, 2015, offers no-frills exposure to small-cap developed-market stocks outside the US and Canada, with a currency hedge for US investors. The fund holds large and liquid SCZ to provide the equity exposure, which in turn holds the underlying stocks directly. This structure is akin to a Russian doll, rather than a derivative. Still, derivatives are used for the FX hedge: 1-month forward contracts. We see little additional risk from the forwards themselves, which should provide effective, but not perfect, hedging. HSCZ charges a reasonable fee, but tracking stats won`t be helpful as a gauge of holding costs. Its tracking err will look bad because its NAV is based on the market price of SCZ, which can trade when the index`s stock markets are closed. In all, HSCZ offers a straightforward basket of currency-hedged stocks. Trade the new fund with care.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.94%
Cash0.06%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HSCZ last dividends amounted to 0.50 USD. Six months before that, the issuer paid 0.63 USD in dividends, which shows a 24.56% decrease.
HSCZ assets under management is 168.88 M USD. It's fallen 0.53% over the last month.
HSCZ fund flows account for −8.89 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HSCZ pays dividends to its holders with the dividend yield of 2.92%. The last dividend (Jul 8, 2025) amounted to 0.50 USD. The dividends are paid semi-annually.
HSCZ shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Jun 29, 2015, and its management style is Passive.
HSCZ expense ratio is 0.43% meaning you'd have to pay 0.43% of your investment to help manage the fund.
HSCZ follows the MSCI EAFE Small Cap 100% Hedged to USD Net Variant. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HSCZ invests in funds.
HSCZ price has risen by 1.86% over the last month, and its yearly performance shows a 19.16% increase. See more dynamics on HSCZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.24% over the last month, showed a 3.90% increase in three-month performance and has increased by 23.70% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.24% over the last month, showed a 3.90% increase in three-month performance and has increased by 23.70% in a year.
HSCZ trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.