Industry Distribution:

1. Financial Services: 20%
2. Industry: 15%
3. Healthcare: 12%
4. Consumer Goods: 10%
5. Information Technology: 8%

TOP 3 Markets:

1. Japan: 25%
2. United Kingdom: 15%
3. Germany: 10%

The iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (TSX:XFH) invests in a broad range of companies from developed markets outside North America. The largest industry allocations come from Financial Services, followed by Industry and Healthcare.

Japan is the largest market, reflecting the strong presence of Japanese companies in the index. The United Kingdom and Germany follow, highlighting the importance of European markets in this ETF. This distribution reflects the economic strength and market capitalization of companies in these regions.

iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (TSX:XFH) is an exchange-traded fund (ETF) and not a company that produces physical products.

This ETF is managed by BlackRock, one of the world's largest asset managers. ETFs like the iShares Core MSCI EAFE IMI Index ETF invest in a variety of stocks and other securities to replicate the performance of a specific index. In this case, the ETF aims to track the performance of the MSCI EAFE IMI Index, which includes stocks from developed markets outside North America.

Being a financial product, there are no production facilities or physical products being manufactured. The focus is on managing and optimizing the portfolio to achieve the best possible return for investors.

Current Strategy: Diversification and Cost Minimization

The iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) follows a passive investment strategy aiming to replicate the performance of the MSCI EAFE IMI Index. This index includes stocks from developed markets outside North America, providing broad geographic diversification.

For future growth, the ETF focuses on continuously optimizing index replication and minimizing tracking difference. Additionally, the CAD hedging component reduces currency risk for Canadian investors, making the ETF more attractive to those seeking protection against exchange rate fluctuations.

The strategy also involves maintaining low cost structures to maximize returns for investors. This is achieved through efficient management and economies of scale that iShares, as one of the largest ETF providers, can leverage.

Commodity Imports: No specific commodity imports

The iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (TSX:XFH) is an exchange-traded fund that aims to replicate the performance of a specific index focusing on stocks from developed markets outside North America. Being an ETF, it does not import any commodities or materials itself.

ETFs invest in a variety of companies that may import commodities and materials. The specific commodity imports and their countries of origin depend on the individual companies included in the ETF. These companies can come from various sectors including industrial, consumer goods, and technology, and their sources of commodities vary according to their specific business models and geographical locations.

Competitive Advantage: Difficult to quantify as it is an ETF.

The iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (TSX:XFH) is an exchange-traded fund (ETF) and not a single company. Therefore, it does not possess a direct competitive advantage in the traditional sense as companies do. Instead, the ETF provides investors with access to a diversified portfolio of international stocks included in the MSCI EAFE IMI Index and utilizes currency hedging in Canadian dollars.

The competitive advantage of an ETF may lie more in its cost structure, liquidity, tracking accuracy of the underlying index, and the efficiency of currency hedging. iShares, as one of the largest providers of ETFs worldwide, enjoys a strong brand name and broad acceptance, which can be considered as an indirect competitive advantage.

Institutional Investor Share: Estimated at about 60-70% (2026)

Insider Buys/Sells: No relevant data available

The iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) is an exchange-traded fund that is typically in high demand by institutional investors as it offers broad diversification across international markets. The institutional investor share typically ranges from 60-70%, which is common for ETFs of this kind.

Insider buys or sells are not relevant for ETFs, as they are funds that hold a variety of stocks and not a single company with insiders who could trade stocks.

Market share of iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (TSX:XFH): Estimate 5% (2026)

Top competitors and their market shares:

1. Vanguard FTSE Developed All Cap ex North America Index ETF (TSX:VIU): Estimate 15%
2. BMO MSCI EAFE Index ETF (TSX:ZEA): Estimate 12%
3. Xtrackers MSCI EAFE Hedged Equity ETF (NYSEARCA:DBEF): Estimate 10%
4. SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA): Estimate 8%
5. Schwab International Equity ETF (NYSEARCA:SCHF): Estimate 7%

The iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) has a moderate market share compared to its competitors. The ETF offers broad diversification into international markets outside North America and is CAD-hedged, making it attractive to Canadian investors looking to minimize currency risks.

The moat of the iShares ETF lies mainly in the strong brand recognition of iShares and the wide acceptance of their products. iShares is known for its extensive product range and high liquidity, attracting investors who value security and reliability.

Compared to competitors, some, like the Vanguard ETF, may have a stronger moat due to lower cost structures and broader international diversification. Competition in this area is intense, and many ETFs offer similar benefits, making it difficult to gain a significant advantage.

Total Expense Ratio (TER): 0.23% (2023)
Investment Objective: Replication of the performance of the MSCI EAFE IMI Index
Regional Diversification: Europe, Australia, Asia (excluding North America)

The iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) offers investors broad diversification across developed markets outside North America. Currency hedging against the Canadian dollar can be advantageous for Canadian investors to minimize currency risk.

With a low Total Expense Ratio of 0.23%, the ETF is cost-efficient, which can positively impact long-term returns. The ETF is particularly suitable for investors who want to participate in the performance of international markets without the need to invest directly in individual stocks.

The long-term growth prospects depend on the economic development in the covered regions. Factors such as geopolitical stability, economic recovery after global events, and currency movements could influence future performance.

Overall, the ETF could be a good addition to a diversified portfolio, especially for investors seeking global diversification while minimizing currency risks.

Dividend Yield: Estimate 2.5% - 3.0% (2026)

The iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (TSX:XFH) typically pays a dividend. The dividend yield for ETFs investing in international stocks typically ranges from 2.5% to 3.0%. This estimate is based on historical data and the general dividend policy of ETFs investing in developed markets outside North America.

The reliability of the payout depends on the performance of the underlying international stock markets. As the ETF is broadly diversified and invests in a variety of companies, it provides some stability in dividend payments. However, currency fluctuations and economic developments in the invested regions can influence the payout.