iShares MSCI Kokusai ETF
$155.16+0.00 (+0.00%)
- Expense ratio
- 0.25%
- Fund size
- $241M
- 1Y return
- +16.7%
- Yield · Last 12 months
- 1.27%
- Holdings
- 1085
- Volume · 30D
- 0M sh
- NAV per share
- $155.61
- 52W range
The ETF.net TOK Grade
Score 46 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 24Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 94Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 57Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 12Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 26Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 54Category rank
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
- 1,085
- 29%
- NVDA
Sectors
- Technology31.4%
- Financials16.1%
- Industrials10.0%
- Health Care9.5%
- Consumer Discr.8.5%
- Communication7.9%
- Cons. Staples4.9%
- Energy4.3%
- Materials3.3%
- Utilities2.4%
- Real Estate1.6%
Geography
- United States75.56%
- United Kingdom3.88%
- Canada3.56%
- Switzerland2.67%
- Germany2.21%
- France2.18%
- Netherlands1.75%
- Australia1.64%
- 6.56%
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.
Returns run to the Sep 22, 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 | +13.1% |
| 1 month | +0.2% |
| 3 months | +3.8% |
| 1 year | +16.7% |
| 3 years | +22.0% |
| 5 years | +12.2% |
| 10 years | +13.4% |
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 | +13.1% | |
| 2025 | +20.8% | |
| 2024 | +19.5% | |
| 2023 | +24.8% | |
| 2022 | −17.9% | |
| 2021 | +23.8% | |
| 2020 | +15.1% |
TOK in the news
ETF.net Research hasn’t filed on TOK yet — coverage lands here as it’s written.
TOK Dividends
- 1.27%
- $1.97
- $1.01 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 15, 2026 | Jun 18, 2026 | $1.01 |
| Dec 16, 2025 | Dec 19, 2025 | $0.97 |
| Jun 16, 2025 | Jun 20, 2025 | $0.93 |
| Dec 17, 2024 | Dec 20, 2024 | $0.99 |
| Jun 11, 2024 | Jun 17, 2024 | $0.93 |
| Dec 20, 2023 | Dec 27, 2023 | $1.05 |
| Jun 7, 2023 | Jun 13, 2023 | $0.87 |
| Dec 13, 2022 | Dec 19, 2022 | $0.79 |
| Jun 9, 2022 | Jun 15, 2022 | $2.08 |
| Dec 30, 2021 | Jan 5, 2022 | $0.02 |
| Dec 13, 2021 | Dec 17, 2021 | $0.93 |
| Jun 10, 2021 | Jun 16, 2021 | $0.74 |
TOK Risk
- 12.3%
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.
- 1.21
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
- The middle half of Developed International Core funds
- Median 0.09%
14 of the 21 Developed International Core funds charge less.