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Launched · SEC filings

iShares MSCI Qatar ETF

QATNasdaqiSharesD

$17.82−0.12 (−0.67%)

As of Nov 10, 2026, 11:06 AM ET

D31/ 100

Rank 20 of 22 in Emerging Markets Single Country

D31/100Rank 20 of 22inEmerging Markets Single Country
Intraday session: down, 20 prints from 17.94 to 17.82. Range 17.82 to 17.94. Use the arrow keys to read each point.17.8517.8817.9017.9310 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$63M
1Y total return
−3.4%
Yield · Last 12 months
4.74%
Holdings
35
Avg volume · 30D
21.2K sh
52W range
low $15.16high $20.17
Launched
Filings
SEC EDGAR

The ETF.net QAT Grade

D

Score 31 out of 100

Category
Emerging Markets Single Country⁠
Rank
20 of 22
Six-pillar profile for QAT. Scores out of 100: Cost 24, Risk 52, Mission 22, Tradability 38, Holdings 32, Durability 45. Strongest: Risk (52). Weakest: Mission (22). Leans toward Risk.

Score 31 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F24 out of 100
    Rank 17 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F22 out of 100
    Rank 21 of 22

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C52 out of 100
    Rank 12 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D38 out of 100
    Rank 18 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D32 out of 100
    Rank 17 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C45 out of 100
    Rank 15 of 22

Our read on QAT

ETF.net Research

In short

DOne ticker, one country. QAT tracks the MSCI All Qatar Capped Index with a tight basket of Qatari stocks, giving US investors direct access to a small Gulf market that barely registers inside a broad emerging markets fund.

Stated mandate

The fund seeks to track an index composed of Qatar equities, providing targeted exposure to companies in Qatar and a way to express a single-country view.

Why people hold it

  • Direct Qatar exposure in a plain US-listed wrapper: no local brokerage, no currency account, just an index fund tracking the MSCI All Qatar Capped Index.ishares.com
  • Launched in 2014 and run by iShares, so this is a long-running fund with a decade-plus of live history rather than a recent launch chasing a theme.
  • About 30 holdings means you can actually read the portfolio and see what you own, instead of Qatar arriving as an unlabeled sliver of a broad emerging markets index.

Worth knowing

  • The 0.60% annual fee is typical for single-country emerging markets funds, but cheaper options exist in that group: Franklin's FLMX charges a fraction as much for its country exposure.
  • Roughly 30 stocks in one small market is concentration by design. Individual names and sector moves drive results, and there is no diversification cushion underneath.
  • It lands in the lower reaches of our single-country emerging markets group, weighed down mainly by cost and by how closely it delivers on its stated index mandate. Payouts come once or twice a year, not quarterly.

QAT Holdings

Holdings pillarD32 out of 100Rank 17 of 20 in Emerging Markets Single Country
Asset class
Stocks
Holdings
35
Top-10 weight
73%
Largest holding
QNBK.QA23.7%

Sectors

  • Financials57.3%
  • Industrials13.5%
  • Energy8.6%
  • Communication6.4%
  • Materials5.1%
  • Real Estate3.8%
  • Utilities2.5%
  • Consumer Staples1.5%
  • Health Care0.7%
  • Technology0.6%

Geography

  • Qatar99.96%
  • United States0.04%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1QNBK.QAQatar National Bank23.71%3,032,647$15M76
2QIBK.QAQatar Islamic Bank14.18%1,471,804$8.94M64
3IQCD.QAIndustries Qatar6.07%1,338,056$3.83M63
4ORDS.QAOoredoo4.49%800,383$2.83M77
5QGTS.QAQatar Gas Transport Company Ltd4.48%2,393,238$2.83M57
6CBQK.QACommercial Bank of Qatar4.38%2,339,436$2.76M60
7QIIK.QAQatar International Islamic Bank4.25%881,861$2.68M55
8MARK.QAMasraf Al Rayan4.25%4,979,213$2.68M58
9QNNS.QAQatar Navigation3.91%863,945$2.47M25
10QFLS.QAQatar Fuel3.22%542,879$2.03M42
11DUBK.QADukhan Bank2.53%1,726,743$1.6M51
12QEWS.QANebras Energy2.51%400,840$1.59M54
13DHBK.QADoha Bank2.51%2,312,775$1.58M36
14MPHC.QAMesaieed Petrochemical Holding2.23%5,239,774$1.4M50
15BRES.QABarwa Real Estate2.07%2,047,599$1.3M42

Showing 1–15 of 35 holdings

QAT Performance

Launched Apr 29, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

QAT$9,660
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. QAT $9,660. SPY $11,339. Use the arrow keys to read each point.$8,000$10,000$12,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for QAT. Periods over one year show the average yearly return.
PeriodQAT
Year to date−1.5%
1 month+12.1%
3 months+0.8%
1 year−3.4%
3 yearsper year+6.2%
5 yearsper year+0.9%
10 yearsper year+3.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QAT
YearReturn barQAT
2026 YTD−1.5%
2025+8.8%
2024+5.2%
2023+2.7%
2022−7.2%
2021+14.4%
2020+6.9%

QAT in the news

QAT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
4.74%Last 12 months
Payout per share
$0.85Last 12 months
Last payment
$0.62 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 16 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.66; Dec 19, 2017 $0.00083; Jun 19, 2018 $0.74; Dec 18, 2018 $0.12; Jun 17, 2019 $0.64; Jun 15, 2020 $0.49; Jun 10, 2021 $0.42; Dec 13, 2021 $0.06; Jun 9, 2022 $0.76; Dec 13, 2022 $0.12; Jun 7, 2023 $0.71; Jun 11, 2024 $0.77; Dec 17, 2024 $0.29; Jun 16, 2025 $0.43; Dec 16, 2025 $0.23; Jun 15, 2026 $0.62. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 22, 2026$0.62
Dec 16, 2025Dec 22, 2025$0.23
Jun 16, 2025Jun 23, 2025$0.43
Dec 17, 2024Dec 23, 2024$0.29
Jun 11, 2024Jun 17, 2024$0.77
Jun 7, 2023Jun 13, 2023$0.71
Dec 13, 2022Dec 19, 2022$0.12
Jun 9, 2022Jun 15, 2022$0.76
Dec 13, 2021Dec 17, 2021$0.06
Jun 10, 2021Jun 16, 2021$0.42
Jun 15, 2020Jun 19, 2020$0.49
Jun 17, 2019Jun 21, 2019$0.64

See all 20 payments⁠

$10,000 in QAT 10 years ago paid $3,920 in dividends.⁠

QAT Risk

Risk pillarC52 out of 100Rank 12 of 22 in Emerging Markets Single Country
How much the fund’s monthly returns vary, scaled to a year.
11.7%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.04
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−33.2%
Trough Oct 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.51
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QAT Cost

Compare QAT and FLMX

Overpaying vs FLMX, cheapest in Emerging Markets Single Country

$7,865

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QAT 0.60%

    $11,817

  • FLMX 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • QAT 0.60%
  • FLMX 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530QAT $11,817FLMX $3,952

Year by year

YearQATFLMXOverpaying
10$1,076$347$729
20$4,116$1,351$2,765
30$11,817$3,952$7,865

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