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Launched · SEC filings

iShares MSCI Kokusai ETF

TOKNYSE ArcaiSharesC

$151.08−0.56 (−0.37%)

At close: Nov 2, 2026, 4:00 PM ET

C46/ 100

Rank 18 of 21 in Developed International Core

C46/100Rank 18 of 21inDeveloped International Core
Intraday session: down, 79 prints from 151.64 to 151.08. Range 151.08 to 153.61. Use the arrow keys to read each point.152.00152.50153.00153.5010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$236M
1Y total return
+11.8%
Yield · Last 12 months
1.30%
Holdings
1100
Avg volume · 30D
3.84K sh
52W range
low $129.49high $156.78
Launched
Filings
SEC EDGAR

The ETF.net TOK Grade

C

Score 46 out of 100

Category
Developed International Core⁠
Rank
18 of 21
Six-pillar profile for TOK. Scores out of 100: Cost 23, Risk 53, Mission 94, Tradability 24, Holdings 25, Durability 52. Strongest: Mission (94). Weakest: Cost (23). Leans toward Mission.

Score 46 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.
    F23 out of 100
    Rank 16 of 21

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A94 out of 100
    Rank 16 of 18

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C53 out of 100
    Rank 6 of 21

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F24 out of 100
    Rank 19 of 21

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D25 out of 100
    Rank 19 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C52 out of 100
    Rank 14 of 21

Our read on TOK

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Dec 10, 2007

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

TOK$11,175
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. TOK $11,175. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 TOK. Periods over one year show the average yearly return.
PeriodTOK
Year to date+10.5%
1 month−0.6%
3 months+0.5%
1 year+11.8%
3 yearsper year+22.6%
5 yearsper year+10.7%
10 yearsper year+13.5%

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 TOK
YearReturn barTOK
2026 YTD+10.5%
2025+20.8%
2024+19.5%
2023+24.8%
2022−17.9%
2021+23.8%
2020+15.1%

TOK in the news

TOK 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 Oct 30, 2026.
1.30%Last 12 months
Payout per share
$1.97Last 12 months
Last payment
$1.01 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. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.93; Dec 19, 2017 $0.75; Jun 19, 2018 $0.96; Dec 18, 2018 $0.63; Jun 17, 2019 $0.87; Dec 16, 2019 $0.70; Jun 15, 2020 $0.59; Dec 14, 2020 $0.68; Jun 10, 2021 $0.74; Dec 13, 2021 $0.93; Dec 30, 2021 $0.02; Jun 9, 2022 $2.08; Dec 13, 2022 $0.79; Jun 7, 2023 $0.87; Dec 20, 2023 $1.05; Jun 11, 2024 $0.93; Dec 17, 2024 $0.99; Jun 16, 2025 $0.93; Dec 16, 2025 $0.97; Jun 15, 2026 $1.01. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$1.01
Dec 16, 2025Dec 19, 2025$0.97
Jun 16, 2025Jun 20, 2025$0.93
Dec 17, 2024Dec 20, 2024$0.99
Jun 11, 2024Jun 17, 2024$0.93
Dec 20, 2023Dec 27, 2023$1.05
Jun 7, 2023Jun 13, 2023$0.87
Dec 13, 2022Dec 19, 2022$0.79
Jun 9, 2022Jun 15, 2022$2.08
Dec 30, 2021Jan 5, 2022$0.02
Dec 13, 2021Dec 17, 2021$0.93
Jun 10, 2021Jun 16, 2021$0.74

See all 38 payments⁠

$10,000 in TOK 10 years ago paid $3,469 in dividends.⁠

TOK Risk

Risk pillarC53 out of 100Rank 6 of 21 in Developed International Core
How much the fund’s monthly returns vary, scaled to a year.
11.6%
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.
1.45
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.
−25.8%
Trough Oct 2022
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.
0.97
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.

TOK Cost

Compare TOK and VEA

Overpaying vs VEA, tied cheapest in Developed International Core

$4,521

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

  • TOK 0.25%

    $5,159

  • VEA 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • TOK 0.25%
  • VEA 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530TOK $5,159VEA $638

Year by year

YearTOKVEAOverpaying
10$455$55$400
20$1,769$216$1,553
30$5,159$638$4,521

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