ETF Evaluator:
iShares MSCI Turkey ETF (TUR)
Follow This ETF
(as of Jul 31)
Best Performing in Focused Region Over the Last Year
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| 175.8% | Franklin FTSE South Korea ETF (FLKR) |
| 137.0% | Matthews Korea Active ETF (MKOR) |
| 74.6% | iShares MSCI Peru ETF (EPU) |
Risk
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Risk
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ETF Details
iShares MSCI Turkey ETF Overview
iShares MSCI Turkey ETF (TUR) is a passively managed International Equity Focused Region exchange-traded fund (ETF). iShares launched the ETF in 2008.
The investment seeks to track the investment results of the MSCI Turkey IMI 25/50 Index.
The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to measure the performance of the large-, mid- and small-capitalization segments of equity market in Turkey. The fund is non-diversified.
About iShares MSCI Turkey ETF (TUR)
There are 4 members of the management team with an average tenure of 4.31 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI EM NR USD index with a weighting of 100% and MSCI Turkey IMI 25-50 NR USD index with a weighting of 100%. iShares MSCI Turkey ETF has 75 securities in its portfolio. The top 10 holdings constitute 54.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares MSCI Turkey ETF is part of the Equity global asset class and is within the International Equity ETF group. iShares MSCI Turkey ETF has 100.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 100.0% 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). iShares MSCI Turkey ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $197 million in total assets, which is below the $1 billion average for the Focused Region 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.
TUR 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 iShares MSCI Turkey ETF expense ratio is average compared to funds in the Focused Region category. iShares MSCI Turkey ETF has an expense ratio of 0.59%, which is 14% higher than its category average, making the fund expense ratio grade a C. 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. iShares MSCI Turkey ETF has a portfolio turnover rate of 15%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 26% for the Focused Region category.
Recently, in the month of June 2026, iShares MSCI Turkey ETF returned 1.6%, which earned it a grade of A, as the Focused Region category had an average return of -2.1%. 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.
iShares MSCI Turkey ETF has a trailing yield of 2.16%, which is below the 5.65% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
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.
iShares MSCI Turkey ETF Grades
Year to date, the ETF has returned 14.5%, 5.4 percentage points better than the category, which translates into a grade of A. The fund has returned 23.1% over the past year (grade of C), 13.8% over the past three years (grade of C) and 16.2% per year over the past five years (grade of A) and 2.6% per year over the past 10 years (grade of F).
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TUR 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 |
|
| TUR Return (NAV) | 1.6% | 2.4% | 23.1% | 13.8% | 16.2% | 2.6% |
| TUR Return (Price) | 3.0% | 1.8% | 23.2% | 13.6% | 16.2% | 2.6% |
| NAV +/- Price Return | -1.403% | 0.578% | -0.170% | 0.176% | 0.037% | -0.032% |
| Focused Region Avg | -2.1% | 5.8% | 27.1% | 86.8% | 8.6% | 8.7% |
| TUR Grade (NAV) | A | D | C | C | A | F |
| +/- Category (NAV) | 3.7% | -3.4% | -4.1% | -73.0% | 7.6% | -6.1% |
| TUR Tax-Cost Ratio | na | na | 0.8% | 0.7% | 0.8% | 0.8% |
TUR Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TUR Return (NAV) | 14.5% | -2.9% | 13.7% | -9.2% | 106.4% | -27.5% | -0.7% | 13.9% | -41.4% | 37.4% | -8.3% |
| TUR Return (Price) | 14.3% | -1.5% | 12.9% | -8.7% | 105.8% | -27.5% | -1.2% | 14.4% | -41.5% | 37.6% | -8.6% |
| NAV +/- Price Ret | -0.016% | -0.469% | -0.058% | -0.054% | -0.006% | -0.001% | 0.619% | 3.4% | 0.1% | 0.5% | 3.3% |
| Focused Region Avg | 9.1% | 40.1% | 7.5% | 33.4% | -15.0% | 8.3% | 3.6% | 20.0% | -13.7% | 26.4% | 13.0% |
| TUR Grade (NAV) | A | F | A | F | A | F | C | D | F | A | F |
| +/- Category | 5.4% | -43.0% | 6.2% | -42.6% | 121.4% | -35.8% | -4.3% | -6.0% | -27.7% | 11.1% | -21.3% |
| Risk Measures | |
| Beta: | 0.38 |
| R-Squared: | 4% |
| Standard Deviation: | 27.5% |
| Category Risk Index: | 0.34 |
| Category Risk Rating: | High |
| Total Risk Index: | 2.26 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 2.2% |
| Total Assets: | $ 198 Mil |
| Share Class Assets: | $ 198 Mil |
| Turnover: | 15.0% |
| Expense Ratio: | 0.59% |
| Index Fund: | Yes |
| Index Tracked: | MSCI EM NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.5 years | |||
| Average Tenure: 4.3 years | |||
| Managers (Year): Hsui Jennifer (2012), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 75 |
| % in Top 10 Holdings: | 54.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 100.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 100.0% |
| 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: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | ca.ishares.com/home.htm |
| Inception Date: | March 26, 2008 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.52% |
