ETF Evaluator:
ProShares MSCI EAFE Dividend Growers (EFAD)
Follow This ETF
(as of Jul 31)
Best Performing in Foreign Large Blend Over the Last Year
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| 34.5% | Xtrackers MSCI All World exUS Hdg Eq ETF (DBAW) |
| 33.6% | NYLI FTSE International Eq Ccy Netrl ETF (HFXI) |
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ETF Details
ProShares MSCI EAFE Dividend Growers Overview
ProShares MSCI EAFE Dividend Growers (EFAD) is a passively managed International Equity Foreign Large Blend exchange-traded fund (ETF). ProShares launched the ETF in 2014.
The investment seeks investment results, before fees and expenses, that track the performance of the MSCI EAFE Dividend Masters Index (the "index").
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of companies in the index that have consistently increased dividends every year for at least 10 years. The index is designed to measure the performance of large and mid-capitalization companies across 21 developed market countries around the world, excluding the U.S. and Canada.
About ProShares MSCI EAFE Dividend Growers (EFAD)
There are 2 members of the management team with an average tenure of 4.59 years: Alexander Ilyasov (2020) and Eric Silverthorne (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI EAFE NR USD index with a weighting of 100% and MSCI EAFE Dividend Masters NR USD index with a weighting of 100%. ProShares MSCI EAFE Dividend Growers has 90 securities in its portfolio. The top 10 holdings constitute 17.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ProShares MSCI EAFE Dividend Growers is part of the Equity global asset class and is within the International Equity ETF group. ProShares MSCI EAFE Dividend Growers has 99.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 99.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ProShares MSCI EAFE Dividend Growers has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $61 million in total assets, which is below the $9 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EFAD Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ProShares MSCI EAFE Dividend Growers expense ratio is average compared to funds in the Foreign Large Blend category. ProShares MSCI EAFE Dividend Growers has an expense ratio of 0.50%, which is 27% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ProShares MSCI EAFE Dividend Growers has a portfolio turnover rate of 40%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Foreign Large Blend category.
Recently, in the month of June 2026, ProShares MSCI EAFE Dividend Growers returned -0.1%, which earned it a grade of C, as the Foreign Large Blend category had an average return of -0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ProShares MSCI EAFE Dividend Growers has a trailing yield of 2.64%, which is above the 2.63% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ProShares MSCI EAFE Dividend Growers Grades
Year to date, the ETF has returned 3.5%, 7.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.7% over the past year (grade of F), 7.8% over the past three years (grade of F) and 1.1% per year over the past five years (grade of F) and 4.5% per year over the past 10 years (grade of F).
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EFAD Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EFAD Return (NAV) | -0.1% | 7.0% | 2.7% | 7.8% | 1.1% | 4.5% |
| EFAD Return (Price) | 0.1% | 5.6% | 2.5% | 7.7% | 1.2% | 4.4% |
| NAV +/- Price Return | -0.223% | 1.485% | 0.173% | 0.088% | -0.019% | 0.088% |
| Foreign Large Blend Avg | -0.1% | 10.5% | 22.3% | 17.2% | 9.0% | 9.7% |
| EFAD Grade (NAV) | C | F | F | F | F | F |
| +/- Category (NAV) | -0.0% | -3.4% | -19.6% | -9.4% | -7.9% | -5.3% |
| EFAD Tax-Cost Ratio | na | na | 1.1% | 0.9% | 0.9% | 0.8% |
EFAD Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EFAD Return (NAV) | 3.5% | 15.3% | -1.4% | 12.0% | -21.1% | 7.8% | 9.3% | 24.0% | -11.5% | 21.7% | -7.1% |
| EFAD Return (Price) | 3.8% | 15.9% | -1.9% | 11.9% | -21.3% | 8.4% | 8.8% | 24.7% | -11.7% | 22.1% | -8.1% |
| NAV +/- Price Ret | 0.080% | 0.041% | 0.317% | -0.004% | 0.011% | 0.071% | -0.057% | 2.6% | 1.9% | 1.9% | 13.6% |
| Foreign Large Blend Avg | 10.9% | 31.3% | 5.3% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| EFAD Grade (NAV) | F | F | F | F | F | F | B | B | B | D | F |
| +/- Category | -7.4% | -16.0% | -6.7% | -4.9% | -6.4% | -2.4% | 0.5% | 2.0% | 1.7% | -2.9% | -9.1% |
| Risk Measures | |
| Beta: | 0.84 |
| R-Squared: | 77% |
| Standard Deviation: | 13.4% |
| Category Risk Index: | 1.02 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.10 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 2.6% |
| Total Assets: | $ 61 Mil |
| Share Class Assets: | $ 61 Mil |
| Turnover: | 40.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | Yes |
| Index Tracked: | MSCI EAFE NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.9 years | |||
| Average Tenure: 4.6 years | |||
| Managers (Year): Ilyasov Alexander (2020), Silverthorne Eric (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 90 |
| % in Top 10 Holdings: | 17.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 99.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 99.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ProShares |
| Phone Number: | 866-776-5125 |
| Website: | www.proshares.com |
| Inception Date: | August 19, 2014 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.39% |
