iShares MSCI Kokusai ETF
$154.59−0.09 (−0.06%)
- 0.25%
- $241M
- +18.3%
- 1.28%
- 0M sh
- $155.21
- low $129.49high $156.78
The ETF.net TOK Grade
C
Score 47 out of 100
- 18 of 21
Score 47 of 100 falls in the C 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.D25 out of 100Rank 15 of 21Mission
Whether the fund did what it promised, tested against its stated mandate.A94 out of 100Rank 16 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B58 out of 100Rank 5 of 21Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F18 out of 100Rank 19 of 21Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D26 out of 100Rank 17 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 14 of 21
Our read on TOK
CMost developed-markets funds cut out the US. TOK cuts out Japan instead: its index is developed-market equities everywhere but Japan, US included. A mirror-image mandate sitting in a shelf full of ex-US core funds.
The Fund seeks to track the MSCI Kokusai Index, which represents developed-market equities outside Japan. It uses representative sampling and generally invests at least 80% of assets in securities or instruments tied to that index.
Why people hold it
- The rare index fund that subtracts Japan instead of the US. It tracks the MSCI Kokusai Index (Net), developed-market equities outside Japan, in one ticker.ishares.com
- Tracking has stayed close to the index, using representative sampling with generally at least 80% of assets in index securities or instruments tied to them.ishares.com
- Trading since 2007: a long iShares operating record behind an unusual mandate, in a plain 1940 Act stock fund with no derivatives machinery.
Worth knowing
- 0.25% a year is above the norm for index funds in this group, where ex-US core options like VEA, SCHF and SPDW charge single-digit basis points.
- Because the US stays in the index, it overlaps heavily with a US core position. This is a global-minus-Japan sleeve, not an ex-US diversifier.
- A small, thinly traded fund, so bid-ask spreads and order handling matter more here than with the category's giants. Distributions come once or twice a year.
TOK Holdings
- Stocks
- 1,098
- 30%
- NVDA
Sectors
- Technology33.2%
- Financials15.3%
- Industrials9.7%
- Health Care9.5%
- Communication8.3%
- Consumer Discretionary8.1%
- Consumer Staples4.8%
- Energy4.2%
- Materials3.1%
- Utilities2.3%
- Real Estate1.5%
Geography
- United States76.43%
- United Kingdom3.74%
- Canada3.40%
- Switzerland2.62%
- Germany2.13%
- France2.03%
- Netherlands1.76%
- Australia1.59%
- 6.31%
Developed 98% · Emerging 2%
TOK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
TOK$11,827
Returns run to the Oct 12, 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.
| Period | TOK |
|---|---|
| Year to date | +12.7% |
| 1 month | +0.7% |
| 3 months | +2.1% |
| 1 year | +18.3% |
| 3 years | +21.7% |
| 5 years | +12.4% |
| 10 years | +13.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TOK |
|---|---|---|
| 2026 YTD | +12.7% | |
| 2025 | +20.8% | |
| 2024 | +19.5% | |
| 2023 | +24.8% | |
| 2022 | −17.9% | |
| 2021 | +23.8% | |
| 2020 | +15.1% |
TOK in the news
TOK Dividends
- 1.28%
- $1.97
- $1.01 per share
- Twice a year
Distribution history
TOK Risk
- 11.8%
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.
- 1.35
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.
- −25.8%
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.
- 0.97
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TOK Cost
0.25%
TOK0.25%
- The middle half of Developed International Core funds
- Median 0.09%
14 of the 21 Developed International Core funds charge less.
Other funds in Developed International Core
- CPXFInvesco RAFI Developed Markets ex-U.S. ETFExpense ratio 0.43%1 year return +30.1%
- CGSIDGoldman Sachs MarketBeta International Equity ETFExpense ratio 0.25%1 year return +16.1%
- CHFXINYLI FTSE International Equity Currency Neutral ETFExpense ratio 0.19%1 year return +23.6%
- CDBEFXtrackers MSCI EAFE Hedged Equity ETFExpense ratio 0.35%1 year return +21.3%
- CHEFAiShares Currency Hedged MSCI EAFE ETFExpense ratio 0.70%1 year return +22.4%