EFNL
iShares MSCI Finland ETF
iShares MSCI Finland Capped Investable Market Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Finland IMI 25/50 Index.
International
EQUITY
Passive
MANAGEMENT STYLE
$ 37.6 M
ASSETS UNDER MGMT
56 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 25, 2012 |
| Assets (mns) | $38 |
| Expense ratio | 56 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NORDEA BANK ABP | 21.4 % |
| NOKIA OYJ | 12.8 % |
| SAMPO OYJ CLASS A | 9.1 % |
| WARTSILA OYJ | 5.6 % |
| METSO CORPORATION | 4.9 % |
| KONE OYJ-B | 4.5 % |
| UPM-KYMMENE OYJ | 4.1 % |
| FORTUM OYJ | 4.0 % |
| ORION OYJ CLASS B | 3.7 % |
| NESTE OIL OYJ | 3.0 % |
Constituent Breakdown
| Number of holdings | 35 |
| Herfindahl-Hirschman Index | 870 |
| Wgt avg mkt cap (mns) | $28,125 |
| Large cap (>$10bn) | 69.2% |
| Mid cap ($2-10bn) | 24.1% |
| Small cap (<$2bn) | 3.3% |
| Developed mkts. | 91.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
FINLAND | 91.7 % |
Historical Performance
Standardized Performance (as of 01/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.9% | 44.0% | 18.4% | 8.2% | 1.6% | 4.4% | -- | 4.5% |
| Dividend Yield | 0.0% | 5.8% | 5.2% | 4.7% | 4.3% | 4.1% | -- | 3.9% |
| Total Returns | 2.9% | 49.8% | 23.5% | 12.9% | 5.9% | 8.5% | -- | 8.4% | Ann. Volatility | 19.1% | 17.7% | 16.7% | 16.6% | 19.3% | 20.0% | -- | 20.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.54 | 34% |
| MSCI EAFE | 0.89 | 69% |
| MSCI Emg Mkts | 0.69 | 48% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $1 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.14% |
Technical Indicators
| 30d moving avg. (EMA) | $48.97 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 0.64/0.71 |
| Bollinger Bands (Upper/Lower) | $51.11/$47.85 |
| Short interest (% of AUM) | 0.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EFNL |
Expenses vs. EFNL |
ALTAR Score™ vs. EFNL |
|---|
Risk and Returns: EFNL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 2/14/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
EFNL
5.9%
Cat. Avg
6.1%
ALTAR Score™ Calculation
Category Overview
There are 333 funds in the International Equity category, with an average ALTAR Score™
of 6.1% and a standard deviation of
1.5%. EFNL's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places EFNL in the 43rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EFNLSELL
U/W
HOLD
O/W
BUY