Overview
Developed-market equities outside the US and Canada — Europe, Australasia and the Far East. Roughly 2,600 holdings, with under 1% emerging-market exposure.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| NESN | Nestle SA | 1.6% |
| ASML | ASML Holding | 1.5% |
| NOVO.B | Novo Nordisk | 1.4% |
| SHEL | Shell PLC | 1.2% |
| AZN | AstraZeneca PLC | 1.2% |
| NOVN | Novartis AG | 1.1% |
| ROG | Roche Holding | 1.1% |
| TM | Toyota Motor Corp. | 1.0% |
| SAP | SAP SE | 1.0% |
| HSBA | HSBC Holdings | 0.9% |
Fund Details
Investment Thesis
IEFA is the cheapest broad route into developed international equities and the standard building block for the non-US sleeve of a global portfolio. Its 3.2% yield materially exceeds US large caps, reflecting both higher payout cultures in Europe and Japan and persistently lower valuations abroad. Critically, IEFA excludes both emerging markets and Canada — so investors using it as their sole international holding have a genuine gap in coverage that IXUS or VEU would fill.
Who It's For
Investors building a deliberate developed-markets allocation, particularly those who want to control emerging-market exposure separately rather than accept whatever weighting a broad fund assigns. IEFA also suits income-focused investors, given the yield premium over US equities. Pair with an EM fund for complete international coverage.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $54.82 | -- |
| 2017 | $68.58 | +25.1% |
| 2018 | $59.12 | -13.8% |
| 2019 | $72.12 | +22.0% |
| 2020 | $77.60 | +7.6% |
| 2021 | $86.37 | +11.3% |
| 2022 | $73.93 | -14.4% |
| 2023 | $87.39 | +18.2% |
| 2024 | $90.71 | +3.8% |
| 2025 | $106.95 | +17.9% |
| Year | Yield |
|---|---|
| 2016 | 3.08% |
| 2017 | 2.92% |
| 2018 | 3.24% |
| 2019 | 3.02% |
| 2020 | 2.68% |
| 2021 | 2.42% |
| 2022 | 3.12% |
| 2023 | 2.94% |
| 2024 | 2.86% |
| 2025 | 3.21% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $22B | -- |
| 2017 | $26B | +18.2% |
| 2018 | $24B | -7.7% |
| 2019 | $32B | +33.3% |
| 2020 | $38B | +18.8% |
| 2021 | $52B | +36.8% |
| 2022 | $44B | -15.4% |
| 2023 | $62B | +40.9% |
| 2024 | $88B | +41.9% |
| 2025 | $143B | +62.5% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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