Overview
Developed international stocks engineered for minimum volatility — the EAFE market's calmest portfolio, rebuilt from correlations rather than yield.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| NESN | Nestlé SA | 1.8% |
| ROG | Roche Holding | 1.6% |
| NOVN | Novartis AG | 1.5% |
| 9432 | NTT Corp. | 1.4% |
| SNY | Sanofi | 1.3% |
| DTE | Deutsche Telekom | 1.3% |
| 4502 | Takeda Pharmaceutical | 1.2% |
| ZURN | Zurich Insurance | 1.2% |
| SGSN | SGS SA | 1.1% |
| 6178 | Japan Post Holdings | 1.0% |
Fund Details
Investment Thesis
Min-vol works better abroad than at home: international markets carry more macro shocks, and EFAV's optimiser — which builds the least-volatile portfolio rather than just picking boring stocks — has historically delivered most of EAFE's return with meaningfully smaller drawdowns. A +12% year with a 3% yield is the strategy doing its job: participate, cushion, pay.
Who It's For
Conservative international allocators who want developed-market exposure they can hold through turbulence, and income investors drawn to the yield with less white-knuckle.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $49.64 | -- |
| 2017 | $59.07 | +19.0% |
| 2018 | $54.35 | -8.0% |
| 2019 | $64.13 | +18.0% |
| 2020 | $62.85 | -2.0% |
| 2021 | $68.50 | +9.0% |
| 2022 | $59.60 | -13.0% |
| 2023 | $66.75 | +12.0% |
| 2024 | $70.09 | +5.0% |
| 2025 | $82.00 | +17.0% |
| Year | Yield |
|---|---|
| 2016 | 2.90% |
| 2017 | 2.70% |
| 2018 | 3.10% |
| 2019 | 3.00% |
| 2020 | 2.40% |
| 2021 | 2.50% |
| 2022 | 3.20% |
| 2023 | 3.10% |
| 2024 | 3.20% |
| 2025 | 3.10% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $6B | -- |
| 2017 | $8B | +33.3% |
| 2018 | $9B | +12.5% |
| 2019 | $11B | +22.2% |
| 2020 | $8B | -27.3% |
| 2021 | $8.5B | +6.3% |
| 2022 | $6B | -29.4% |
| 2023 | $5B | -16.7% |
| 2024 | $4.5B | -10.0% |
| 2025 | $5B | +11.1% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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