The iShares Edge MSCI Multifactor Intl ETF (DEEF) seeks to track the performance of an index that uses a multifactor approach to select international equity securities that have the potential to outperform broad international equity markets. The fund uses a rules-based approach to select stocks with attractive valuation, momentum, quality, and size characteristics.
As of February 18th, 2023, the fund has total net assets of $3.3 billion and invests in 928 holdings. The top three countries represented in the fund are Japan, the United Kingdom, and Canada, with sector exposure focused on financials, industrials, and consumer discretionary.
The fund's objective is to provide exposure to international equities with potentially higher returns, lower risk, or both compared to traditional market-cap-weighted indices. The multifactor approach used by the fund aims to provide investors with a diversified portfolio of international stocks that can weather market volatility while still providing long-term growth potential.
Investors should be aware that this fund may be subject to currency risk, as it invests in international securities that may be denominated in currencies other than the U.S. dollar. Additionally, the fund may have higher turnover than some other international equity funds due to its multifactor approach, which may lead to higher trading costs.
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