CEFA vs ESGD: Grades, Fees and Holdings Compared

Global X S&P Catholic Values Developed ex-U.S. ETF

CEFACNasdaq

iShares ESG Aware MSCI EAFE ETF

ESGDANasdaq

Overlap

55.1%by weight

Expense ratio

ESGD −0.15pt a year

CEFA0.35%ESGD0.20%

Avg volume · 30D

ESGD 25.1×the volume

CEFA12.4KESGD311K

5Y return · a year

ESGD +1.4pt

CEFA+6.8%ESGD+8.2%

CEFA vs ESGD Performance

Nov 9, 2021 – Nov 9, 2026

+38.9%CEFA+48.3%ESGD

Expense ratio: CEFA 0.35%; ESGD 0.20%, better
Fund size: CEFA $70M; ESGD $11.6B
1Y total return: CEFA +13.0%; ESGD +15.1%, better
Yield (12M): CEFA 2.70%; ESGD 3.28%, better
Holdings: CEFA 331; ESGD 349
Avg volume (30D): CEFA 12.4K sh; ESGD 311K sh, better
NAV per share: CEFA $38.84; ESGD $101.13
52W range

ETF.net Grade

Pillar letters and Scores for CEFA, ESGD, with each pillar’s weight
Pillar	CEFA	ESGD
Cost30% weight	D35	B68Higher
Mission25% weight	A100	A100
Risk15% weight	D33	C46Higher
Tradability15% weight	C40	A95Higher
Holdings10% weight	C44	A74Higher
Durability5% weight	C43	A95Higher

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. CEFA and ESGD are both graded against the same 18 International ESG & Values Index funds, so their Grades compare head to head.

International ESG & Values Index⁠

Category · 18 funds

See all 18 ›

ESGD ranks 2nd and CEFA 14th of 18 funds in the International ESG & Values Index Category.

Rank 1AVSGXVanguard ESG International Stock ETFScore 79
Rank 2AESGDiShares ESG Aware MSCI EAFE ETFScore 78
Rank 3ADMXFiShares ESG Advanced MSCI EAFE ETFScore 76
Rank 13BESGGNorthern Trust STOXX Global ESG Select ETFScore 55
Rank 14CCEFAGlobal X S&P Catholic Values Developed ex-U.S. ETFScore 53
Rank 15CWWJDInspire International ETFScore 47

Our read on each fund

ETF.net Research

CEFACGlobal X S&P Catholic Values Developed ex-U.S. ETF

ESGDAiShares ESG Aware MSCI EAFE ETF

In short

CEFA Developed-market stocks outside the U.S., run through a Catholic values screen. Roughly 400 names, index-tracked, at a fee that sits square in the middle of the international pack.

ESGD The plain-vanilla international index fund, ESG-screened. Roughly 400 developed-market stocks from outside the US and Canada, tracking an MSCI EAFE ESG Focus index since 2016, for 0.20% a year.

Stated mandate

CEFA The Fund seeks to track, before fees and expenses, the price and yield performance of the S&P Developed ex-U.S. Catholic Values Index.

ESGD The fund seeks to track an index of international developed-market stocks outside the United States and Canada that have positive aggregate environmental, social, and governance characteristics.

Why people hold it

CEFA The screen is the product: a passive index of developed-market companies outside the U.S., built around Catholic values criteria rather than a factor tilt.
Roughly 400 holdings, so the values filter trims the developed ex-U.S. universe instead of shrinking it to a concentrated handful.
0.35% expense ratio, the median for its international peer group. The screen is not priced as a premium product.
Rules-based and index-tracking since its 2020 launch: the portfolio follows the S&P Developed ex-U.S. Catholic Values Index, not a manager's discretion.

ESGD Costs 0.20% a year, below the typical fee in its international ESG peer group.
Roughly 400 stocks spanning developed markets outside the US and Canada: broad-market coverage, not a narrow thematic bet.ishares.com
Tracks the MSCI EAFE Extended ESG Focus Index, keeping the familiar developed-markets shape while tilting toward companies with better aggregate ESG characteristics.ishares.com
A multi-billion-dollar fund trading since 2016, and one of the sturdier builds in its peer group.

Worth knowing

CEFA Unscreened international beta costs less: VXUS charges 0.05% and IPAC 0.09%. The values filter is what the extra basis points buy.
Thinly traded, so bid-ask spreads can run wider than in the giant international index funds, especially around the open and close.
Distributions arrive once or twice a year, not monthly, so cash flow is lumpy by design.

ESGD Cheaper tickets exist on the same shelf: VSGX at 0.10%, iShares' own DMXF at 0.12%. The fee here buys scale, not the lowest sticker.
The ESG screen leaves holdings different from a plain EAFE fund, so results can drift from the unscreened index in either direction.
Moderately traded rather than one of the busiest tapes in the category, and distributions land once or twice a year rather than monthly.

Full CEFA profile⁠

Full ESGD profile⁠

CEFA vs ESGD Holdings

How CEFA and ESGD differ

Overlap by weight

55.1%

Shared holdings make up 78.3% of CEFA and 62.7% of ESGD.

Level by level

Holdings176 in both55.1%
Countryby domicile86.0%
Sector11 Sectors95.5%
Asset classStocks100%

Sector

Sector weights in CEFA and ESGD, widest gap first
Sector	Gap	CEFA	ESGD
Technology	CEFA +2.2 points	11.7%	9.5%
Industrials	ESGD +1.1 points	17.0%	18.1%
Energy	CEFA +1.0 points	5.0%	4.0%
Consumer Staples	ESGD +0.9 points	6.2%	7.1%
Communication	CEFA +0.9 points	4.6%	3.7%
Real Estate	ESGD +0.8 points	1.0%	1.8%
Utilities	ESGD +0.7 points	3.2%	3.9%
Materials	ESGD +0.5 points	5.1%	5.6%
Consumer Discretionary	ESGD +0.5 points	7.9%	8.4%
Health Care	CEFA +0.4 points	11.4%	11.0%
Financials	Same weight	26.9%	26.9%

Country, concentration and asset class

Country by domicile

Country weights in CEFA and ESGD, widest gap first
Country	Gap	CEFA	ESGD
Switzerland	ESGD +5.4 points	5.4%	10.8%
United Kingdom	ESGD +4.5 points	10.0%	14.5%
Japan	CEFA +3.6 points	27.8%	24.2%
United States	CEFA +2.6 points	2.6%	0.0%
Australia	CEFA +2.2 points	9.1%	6.9%
Israel	CEFA +1.2 points	1.2%	0.0%
Spain	ESGD +1.1 points	3.3%	4.4%
Netherlands	ESGD +1.1 points	4.8%	5.9%
Other countries (16)	CEFA +2.6 points	35.8%	33.2%

Outside the US: CEFA 98% developed, 2% emerging. ESGD 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

CEFA17.6%
ESGD14.3%

Securities held

CEFA327
ESGD332

Asset class

CEFA: Stocks
ESGD: Stocks

Holdings

Only in CEFA151
In both176
Only in ESGD156

Only in CEFA

151 securities, 21.7% of CEFA by weight

Cie Financiere Richemo-A Reg0.69%
Mitsui & Co Ltd0.67%
Dbs Group Holdings Ltd0.62%
Rio Tinto PLC0.51%
Siemens Healthineers AG0.51%
Vinci SA0.49%
Oversea-Chinese Banking Corp0.47%
Fisher & Paykel Healthcare C0.44%
Investor Ab-B Shs0.44%
Volvo Ab-B Shs0.40%
Sumitomo Corp0.38%
Atlas Copco Ab-A Shs0.38%
Nordea Bank Abp0.35%
Woolworths Group Ltd0.34%
Assa Abloy Ab-B0.31%
Ferrari NV0.31%
Basf SE0.31%
Other Payable & Receivables0.29%
Eni Spa0.28%
Rwe AG0.25%
MS&AD Insurance Group Holdin0.23%
United Overseas Bank Ltd0.23%
Ferrovial NV0.22%
Softbank Corp0.22%
East Japan Railway Co0.22%
Rio Tinto Ltd0.22%
Coca-Cola Europacific Partners PLC0.22%
Goodman Group0.22%
Kao Corp0.21%
Swedbank Ab - A Shares0.21%
Aeon Co Ltd0.21%
Mercedes-Benz Group AG0.20%
Kone Oyj-B0.20%
Atlas Copco Ab-B Shs0.20%
Coles Group Ltd0.20%
Ck Hutchison Holdings Ltd0.20%
Techtronic Industries Co Ltd0.20%
Central Japan Railway Co0.20%
Bank Leumi Le-Israel0.19%
Danske Bank A/S0.19%
Sea Ltd-Adr0.18%
Skandinaviska Enskilda Ban-A0.18%
Japan Post Bank Co Ltd0.18%
Smc Corp0.17%
Suzuki Motor Corp0.17%
Orange0.17%
Ericsson Lm-B Shs0.17%
Mitsubishi Estate Co Ltd0.17%
Bandai Namco Holdings Inc0.16%
Essity Aktiebolag-B0.16%

Only in ESGD

156 securities, 36.6% of ESGD by weight

Novartis AG1.65%
Roche Ps Par AG1.31%
Nestle SA1.19%
Astrazeneca PLC1.16%
Sony Group0.91%
Hitachi0.67%
Dbs Group Holdings Ltd0.67%
Rolls-Royce Holdings PLC0.59%
Lonza Group AG0.56%
Novo Nordisk Class B0.55%
Sanofi SA0.51%
Bae Systems PLC0.50%
Givaudan SA0.44%
Glaxosmithkline0.43%
Takeda Pharmaceutical0.42%
Telia Company0.41%
Koninklijke Kpn NV0.41%
Mitsubishi0.40%
Henkel AG0.39%
Alcon AG0.39%
Sse PLC0.39%
Airbus Group0.35%
Merck0.35%
Amadeus It Group0.35%
Boliden0.35%
Smiths Group PLC0.35%
Aviva PLC0.34%
Sika AG0.32%
Kerry Group PLC0.32%
Bayer AG0.32%
Ana Holdings0.32%
Adidas N AG0.31%
Oversea-Chinese Banking0.31%
Swiss Prime Site AG0.30%
Informa PLC0.30%
Svenska Cellulosa B0.30%
Roche Holding AG0.28%
Atlas Copco Class A0.27%
Unibail Rodamco We Stapled Units0.27%
Yamaha Motor0.26%
Kesko Corp Class B0.26%
3I Group Fund PLC0.25%
Eiffage SA0.25%
Rexel SA0.25%
Akzo Nobel NV0.25%
Kingfisher PLC0.24%
Mitsubishi Heavy Industries0.24%
Getlink0.23%
Sonova Holding AG0.23%
Sino Land Ltd0.23%

Weight gaps

The 100 widest of 176 Holdings in both funds.

Holding weights in CEFA and ESGD, widest gap first
Holding	Gap	CEFA	ESGD
Csl Ltd	CEFA +1.61 points	1.87%	0.26%
Essilorluxottica	CEFA +1.49 points	1.78%	0.29%
Argenx SE	CEFA +1.43 points	1.60%	0.17%
Galderma Group AG	CEFA +1.09 points	1.22%	0.13%
Hoya Corp	CEFA +0.97 points	1.33%	0.36%
Ucb SA	CEFA +0.87 points	1.10%	0.23%
Otsuka Holdings Co Ltd	CEFA +0.85 points	0.95%	0.10%
Air Liquide SA	CEFA +0.60 points	0.76%	0.16%
L'oreal	CEFA +0.56 points	1.11%	0.55%
Siemens Ag-Reg	CEFA +0.56 points	1.68%	1.12%
Mitsubishi Ufj Financial Gro	CEFA +0.54 points	1.35%	0.81%
Unilever PLCULVR.L	CEFA +0.53 points	1.36%	0.83%
Recruit Holdings Co Ltd	CEFA +0.51 points	1.20%	0.69%
Shell PLCSHEL.L	CEFA +0.48 points	1.62%	1.14%
Banco Santander SA	CEFA +0.49 points	1.00%	0.51%
Schneider Electric SE	CEFA +0.48 points	1.15%	0.67%
Toyota Motor Corp	CEFA +0.40 points	1.55%	1.15%
Siemens Energy AG	CEFA +0.40 points	0.78%	0.38%
Intesa Sanpaolo	ESGD +0.39 points	0.59%	0.98%
Anheuser-Busch Inbev Sa/Nv	CEFA +0.37 points	0.77%	0.40%
Dhl AG	CEFA +0.37 points	0.47%	0.10%
Bridgestone Corp	ESGD +0.36 points	0.18%	0.54%
Asml Holding NV	CEFA +0.34 points	3.15%	2.81%
Shionogi & Co Ltd	CEFA +0.31 points	0.42%	0.11%
Daiwa Securities Group Inc	ESGD +0.31 points	0.08%	0.39%
Bp PLCBP.L	CEFA +0.29 points	0.66%	0.37%
Deutsche Telekom Ag-Reg	CEFA +0.28 points	0.51%	0.23%
Lvmh Moet Hennessy Louis Vui	CEFA +0.28 points	0.72%	0.44%
Bhp Group Ltd	CEFA +0.26 points	1.15%	0.89%
Hsbc Holdings PLCHSBA.L	CEFA +0.26 points	1.67%	1.41%
Fast Retailing Co Ltd	CEFA +0.26 points	0.65%	0.39%
Kddi Corp	ESGD +0.24 points	0.28%	0.52%
Wesfarmers Ltd	CEFA +0.25 points	0.40%	0.15%
National Grid PLCNG.L	ESGD +0.23 points	0.48%	0.71%
Caixabank SA	ESGD +0.24 points	0.27%	0.51%
Keyence Corp	CEFA +0.22 points	0.49%	0.27%
Compass Group PLCCPG.L	CEFA +0.21 points	0.35%	0.14%
Bank Hapoalim Bm	ESGD +0.22 points	0.17%	0.39%
Axa SA	ESGD +0.21 points	0.45%	0.66%
Anz Group Holdings Ltd	CEFA +0.20 points	0.46%	0.26%
Endesa SA	ESGD +0.20 points	0.09%	0.29%
Enel Spa	CEFA +0.20 points	0.46%	0.26%
Spotify Technology SASPOT	CEFA +0.20 points	0.49%	0.29%
Secom Co Ltd	ESGD +0.20 points	0.13%	0.33%
Unicredit Spa	CEFA +0.20 points	0.72%	0.52%
Transurban Group	ESGD +0.20 points	0.25%	0.45%
Sekisui House Ltd	ESGD +0.19 points	0.09%	0.28%
Eneos Holdings, Inc.	ESGD +0.19 points	0.11%	0.30%
Bnp Paribas	ESGD +0.19 points	0.56%	0.75%
Mitsubishi Electric Corp	CEFA +0.18 points	0.45%	0.27%
Sigma Healthcare Ltd	CEFA +0.18 points	0.31%	0.13%
Ubs Group Ag-Reg	CEFA +0.17 points	0.82%	0.65%
Galp Energia Sgps SA	ESGD +0.17 points	0.05%	0.22%
Shin-Etsu Chemical Co Ltd	CEFA +0.17 points	0.36%	0.19%
Honda Motor Co Ltd	CEFA +0.16 points	0.28%	0.12%
Seven & I Holdings Co Ltd	CEFA +0.17 points	0.28%	0.11%
Edp SA	ESGD +0.17 points	0.09%	0.26%
Generali	ESGD +0.16 points	0.28%	0.44%
Industria De Diseno Textil	CEFA +0.16 points	0.46%	0.30%
Boc Hong Kong Holdings Ltd	ESGD +0.17 points	0.13%	0.30%
Banco Bilbao Vizcaya Argenta	CEFA +0.16 points	0.79%	0.63%
Advantest Corp	CEFA +0.15 points	0.74%	0.59%
Orkla Asa	ESGD +0.15 points	0.08%	0.23%
E.on SE	CEFA +0.15 points	0.27%	0.12%
Anglo American PLCAAL.L	CEFA +0.15 points	0.33%	0.18%
Dsv A/S	CEFA +0.14 points	0.34%	0.20%
Meridian Energy Ltd	ESGD +0.15 points	0.02%	0.17%
Kbc Group NV	ESGD +0.14 points	0.16%	0.30%
Relx PLCREL.L	CEFA +0.14 points	0.56%	0.42%
Ing Groep NV	ESGD +0.14 points	0.51%	0.65%
Asahi Kasei Corp	ESGD +0.14 points	0.07%	0.21%
Credit Agricole SA	ESGD +0.13 points	0.09%	0.22%
Fujikura Ltd	CEFA +0.14 points	0.25%	0.11%
Glencore PLCGLEN.L	CEFA +0.13 points	0.35%	0.22%
Mowi Asa	ESGD +0.12 points	0.10%	0.22%
Bank of Ireland Group PLC	ESGD +0.12 points	0.11%	0.23%
Qbe Insurance Group Ltd	ESGD +0.12 points	0.15%	0.27%
Aristocrat Leisure Ltd	ESGD +0.12 points	0.17%	0.29%
Oriental Land Co Ltd	ESGD +0.12 points	0.17%	0.29%
Mtr Corp	ESGD +0.12 points	0.06%	0.18%
Totalenergies SE	CEFA +0.12 points	1.02%	0.90%
Prysmian Spa	CEFA +0.11 points	0.27%	0.16%
Sumitomo Electric Industries	CEFA +0.11 points	0.17%	0.06%
Hermes International	CEFA +0.11 points	0.34%	0.23%
Nintendo Co Ltd	CEFA +0.10 points	0.31%	0.21%
Prosus NV	CEFA +0.10 points	0.31%	0.21%
Muenchener Rueckver Ag-Reg	CEFA +0.10 points	0.45%	0.35%
Zurich Insurance Group AG	ESGD +0.09 points	0.64%	0.73%
Omv AG	ESGD +0.10 points	0.06%	0.16%
Sampo Oyj-A Shs	ESGD +0.09 points	0.15%	0.24%
Obayashi Corp	ESGD +0.09 points	0.10%	0.19%
Erste Group Bank AG	CEFA +0.09 points	0.22%	0.13%
Brambles Ltd	ESGD +0.09 points	0.16%	0.25%
Societe Generale SA	ESGD +0.09 points	0.26%	0.35%
Komatsu Ltd	CEFA +0.09 points	0.27%	0.18%
Tokio Marine Holdings Inc	CEFA +0.08 points	0.58%	0.50%
Abb Ltd-Reg	CEFA +0.08 points	0.99%	0.91%
Wartsila Oyj Abp	ESGD +0.08 points	0.11%	0.19%
Danone	CEFA +0.08 points	0.46%	0.38%
Engie	CEFA +0.08 points	0.29%	0.21%

All 326 CEFA holdings⁠All 331 ESGD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CEFA vs ESGD Cost

Overpaying CEFA vs ESGD

$2,971

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

CEFA 0.35%
$7,126
ESGD 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

CEFA 0.35%
ESGD 0.20%
Overpaying

Year by year

Year	CEFA	ESGD	Overpaying
10	$634	$365	$269
20	$2,454	$1,421	$1,033
30	$7,126	$4,155	$2,971

Expense ratio

0.35%CEFA
0.20%ESGD, cheaper

ESGD0.20%CEFA0.35%

0.10%0.95%

Middle half of International ESG & Values Index funds
Median 0.23%

ESGD 6th cheapest of 18 funds

CEFA 12th cheapest of 18 funds

CEFA vs ESGD Dividends

Last 12 months to Nov 9, 2026

Yield (12M): CEFA 2.70%; ESGD 3.28%, better
Payout (12M): CEFA $1.08; ESGD $3.42
Last payment: CEFA $0.42; ESGD $1.63
Ex-dividend: CEFA Jun 29, 2026; ESGD Jun 15, 2026
Paid on: CEFA Jul 7, 2026; ESGD Jun 18, 2026
Frequency: CEFA Twice a year; ESGD Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

CEFATwice a year · 12 paymentsAll CEFA payments⁠

ESGDTwice a year · 20 paymentsAll ESGD payments⁠

CEFA vs ESGD Risk

Fall from peak · 5 years

CEFA
ESGD

Risk facts

VolatilityStd dev, 3 years: CEFA 12.0%ESGD 11.7%, better
Return per unit of riskSharpe ratio, 3 years: CEFA 1.08ESGD 1.18, better
Worst fallMax drawdown, 5 years: CEFA −31.0%ESGD −29.7%, better
Market sensitivityBeta, 5 years: CEFA 0.94ESGD 0.81; Market = 1

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