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
$ 21.1 B
ASSETS UNDER MGMT
22 bp
EXPENSES
Fund Basics
| Inception date | Apr 10, 2013 |
| Regulation | Canadian Mutual Fund Trust (ON) |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ASML HOLDING NV | 2.2 % |
| ISHARES CORE MSCI EAFE ETF | 2.0 % |
| HSBC HOLDINGS PLC | 1.2 % |
| ROCHE HOLDING LTD | 1.1 % |
| ASTRAZENECA PLC | 1.1 % |
| NOVARTIS AG | 1.1 % |
| NESTLE SA-REG | 1.0 % |
| SHELL PLC | 1.0 % |
| SIEMENS AG-REG | 0.9 % |
| COMMONWEALTH BANK OF AUSTRAL | 0.8 % |
Constituent Breakdown
| Number of holdings | 2532 |
| Herfindahl-Hirschman Index | 37 |
| Wgt avg mkt cap (mns) | $81,710 |
| Large cap (>$10bn) | 76.9% |
| Mid cap ($2-10bn) | 12.7% |
| Small cap (<$2bn) | 2.2% |
| Developed mkts. | 93.4% |
| Emerging mkts. | 0.1% |
Sector Breakdown
Country Exposure
 |
JAPAN | 23.5 % |
 |
BRITAIN | 12.3 % |
 |
SWITZERLAND | 8.7 % |
 |
FRANCE | 8.1 % |
 |
GERMANY | 8.1 % |
 |
AUSTRALIA | 6.9 % |
 |
NETHERLANDS | 5.2 % |
 |
SPAIN | 3.3 % |
 |
SWEDEN | 3.1 % |
 |
ITALY | 2.9 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.0% | 20.3% | 15.4% | 15.3% | 8.1% | 6.9% | -- | 7.4% |
| Dividend Yield | 0.0% | 3.1% | 3.1% | 3.2% | 3.0% | 2.8% | -- | 2.9% |
| Total Returns | 10.0% | 23.5% | 18.6% | 18.5% | 11.1% | 9.7% | -- | 10.3% | Ann. Volatility | 17.8% | 13.8% | 14.7% | 13.2% | 13.6% | 14.8% | -- | 14.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.86 | 52% |
| MSCI EAFE | 0.87 | 90% |
| MSCI Emg Mkts | 0.54 | 59% |
Liquidity Measures
| Avg. volume (000) | 326 |
| ADV traded (mns) | $17 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $49.78 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.53/0.45 |
| Bollinger Bands (Upper/Lower) | $51.51/$48.42 |
| Short interest (% of AUM) | 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. XEF.TO |
Expenses vs. XEF.TO |
ALTAR Score™ vs. XEF.TO |
|---|---|---|---|---|
| VIU.TO | Vanguard FTSE Developed All Cap ex North America Index ETF | 87.2% | -2 bp | -0.1% |
| ZEA.TO | BMO MSCI EAFE Index ETF | 83.6% | -2 bp | 0.0% |
| TPE.TO | TD International Equity Index ETF | 80.6% | -5 bp | +0.1% |
| DMEI.TO | Desjardins International Equity Index ETF | 80.5% | -2 bp | +0.1% |
| QDX.TO | Mackenzie International Equity Index ETF | 80.5% | -5 bp | +0.1% |
| CIEI.TO | CIBC MSCI EAFE Equity Index ETF | 80.2% | -6 bp | +0.0% |
| DRMD.TO | Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emission | 72.9% | +3 bp | +0.1% |
| RQIN.TO | Russell Investments Multi-Factor International Equity Pool | 65.3% | +8 bp | +0.6% |
| MINT.TO | Manulife Multifactor Developed International Index ETF | 62.7% | +23 bp | +0.4% |
| XSEA.TO | iShares ESG Aware MSCI EAFE Index ETF | 61.0% | +6 bp | -0.2% |
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 (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
6.1%
ALTAR SCORE™
49th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 415 funds in the International Equity category with an average
ALTAR Score™ of 6.1% and a standard deviation
of 1.6%. XEF.TO's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places XEF.TO in the 49th percentile
among funds in the category.
Sell-Side Consensus
$55.9
PRICE TARGET
+9.3%
UPSIDE