Industry Distribution:

• Technology: 25%
• Financial Services: 20%
• Communication Services: 15%

Top 3 Markets:

• China: 35%
• South Korea: 15%
• Taiwan: 12%

The iShares MSCI All Country Asia ex Japan ETF (AAXJ) invests in a variety of industries, with technology, financial services, and communication services making up the largest shares. These industries are particularly strong in Asia and significantly contribute to the region's growth.

China is the largest market for the ETF, reflecting the size and growth potential of the Chinese economy. South Korea and Taiwan follow, both known for their strong technology and electronics sectors. These markets offer significant growth opportunities, especially in the areas of technology and innovation.

iShares Trust - iShares MSCI All Country Asia ex Japan ETF is an exchange-traded fund (ETF) and not a company that manufactures physical products.

This ETF invests in stocks of companies from the Asia region excluding Japan. Therefore, there are no production facilities or products in the traditional sense. The fund aims to replicate the performance of the MSCI All Country Asia ex Japan Index by investing in the corresponding stocks.

Current Strategy: Diversification and Regional Expansion
Focus Regions: China, India, Southeast Asia
Key Sectors: Technology, Consumer Goods, Finance

iShares Trust - iShares MSCI All Country Asia ex Japan ETF (AAXJ) pursues a strategy of diversification and regional expansion to secure future growth. The ETF invests in a broad range of stocks from various Asian markets, with a focus on the high-growth regions of China, India, and Southeast Asia.

Special attention is given to the sectors of technology, consumer goods, and finance, as these areas have significant growth potential in the Asian markets. By focusing on these sectors, the ETF aims to benefit from the economic developments and increasing consumption in these regions.

Additionally, the ETF incorporates ESG criteria (Environmental, Social, and Governance) into its investment strategy to promote sustainable investments and minimize risk.

Commodities/Materials: Diversified
Main importing countries: China, South Korea, India, Taiwan, Hong Kong

The iShares MSCI All Country Asia ex Japan ETF (AAXJ) invests in a variety of companies in Asia, excluding Japan. These companies operate in various sectors, including technology, finance, consumer goods, and industry.

As the ETF is broadly diversified, the companies included in it import a variety of commodities and materials. The main commodities include semiconductors, electronic components, metals, textiles, and petrochemical products.

China is a significant importer of commodities such as iron ore and copper, which are crucial for the construction and electronics industries. South Korea and Taiwan mainly import semiconductors and electronic components needed for their strong technology and electronics sectors. India imports crude oil and precious metals, which are important for energy supply and jewelry production.

These import flows are crucial for the economic development and growth of the companies in the ETF, as they influence production capacities and competitiveness in the global market.

Current Net Asset Value (NAV): $80.45 (2026, estimated) Assets Under Management (AUM): $5.2 billion (2026, estimated) Expense Ratio: 0.70% (2026, estimated)

The iShares MSCI All Country Asia ex Japan ETF (AAXJ) is an exchange-traded fund that aims to replicate the performance of the MSCI All Country Asia ex Japan Index. The competitive advantage of this ETF lies in its broad diversification across Asian markets, excluding Japan, providing investors access to high-growth economies such as China, India, and South Korea.

Another advantage is the strong brand presence of iShares, one of the largest ETF providers globally, creating trust and security for investors. The relatively low expense ratio of 0.70% is competitive and makes the ETF attractive for long-term investments.

Additionally, the ETF benefits from the increasing demand for Asian stocks as investors seek to invest in emerging markets to capitalize on their growth potential.

Institutional Investor Share: approximately 65% (estimated for 2026 based on historical data)

Insider Buys/Sells: No significant insider transactions known (2026)

The iShares MSCI All Country Asia ex Japan ETF is a popular investment instrument among institutional investors, as reflected in a high institutional investor share of about 65%. These ETFs are often part of diversified portfolios of large investment funds and pension funds.

Insider transactions are uncommon with ETFs, as they do not have traditional company structures with insiders in the traditional sense. Therefore, there are no significant insider buys or sells to report.

Market share of iShares MSCI All Country Asia ex Japan ETF (AAXJ): Estimate 10% (2026)

Top competitors and their market shares:

1. Vanguard FTSE Pacific ETF (VPL): Estimate 12%
2. SPDR S&P Emerging Asia Pacific ETF (GMF): Estimate 9%
3. Invesco FTSE RAFI Asia Pacific ex-Japan ETF (PAF): Estimate 8%
4. Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE): Estimate 7%
5. iShares Asia 50 ETF (AIA): Estimate 6%

The iShares MSCI All Country Asia ex Japan ETF (AAXJ) holds a significant market share of around 10%, making it one of the leading ETFs in this category. The largest competitor is the Vanguard FTSE Pacific ETF (VPL) with an estimated market share of 12%.

AAXJ's moat lies in its broad diversification across Asian markets excluding Japan, providing investors with targeted exposure to high-growth regions. Compared to its competitors, AAXJ offers a more comprehensive coverage of Asian markets, which can be seen as an advantage.

However, some competitors, like the Vanguard FTSE Pacific ETF, may have a stronger moat in terms of cost structure and brand recognition. Overall, competition in this segment is strong, and the differences in moats are often marginal and dependent on the specific investment objectives of investors.

Net Assets: 5.3 billion USD (2023) Annual Return: 8.5% (2023) Management Fee: 0.70% (2023)

The iShares MSCI All Country Asia ex Japan ETF (AAXJ) provides investors with access to a wide range of stock markets in Asia, excluding Japan. The ETF is an attractive option for investors looking to benefit from the economic dynamics and growth potential of Asian markets.

The annual return of 8.5% in 2023 shows that the ETF was able to generate solid returns, attributed to the positive performance of the underlying markets. The management fee of 0.70% is moderate compared to other ETFs and may be acceptable for investors seeking diversification into Asian markets.

However, investors should consider the geopolitical risks and economic uncertainties in the region that could impact future performance. In the long term, the ETF could be a good investment, especially for investors who believe in the growth potential of Asia and are willing to accept short-term volatility.

Dividend Yield: 2.1% (2025) Payout Frequency: Quarterly

The iShares MSCI All Country Asia ex Japan ETF (AAXJ) regularly pays dividends, typically on a quarterly basis. The dividend yield was around 2.1% in 2025.

The reliability of the payouts is relatively high, as the ETF invests in a broad range of Asian companies that typically pay stable dividends. However, the amount of dividends can fluctuate due to market volatility and economic conditions in the region.

Investors should monitor the economic development in Asia and the performance of the companies included in the ETF to better assess future dividend stability.