ETF Evaluator:
iShares Enhanced International Actv ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Foreign Large Blend Over the Last Year
| 53.2% | Pacer Nasdaq International Ptnt Ldrs ETF (PATN) |
| 37.0% | Touchstone Dynamic International ETF (TDI) |
| 36.8% | Harbor International Equity ETF (EPIN) |
| 34.8% | First Eagle Overseas Equity ETF (FEOE) |
| 33.8% | Lazard International Dynamic Equity ETF (IDEQ) |
Risk
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Risk
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ETF Details
iShares Enhanced International Actv ETF Overview
iShares Enhanced International Actv ETF (ENHI) is an actively managed International Equity Foreign Large Blend exchange-traded fund (ETF). iShares launched the ETF in 2026.
The investment seeks to outperform the MSCI EAFE® Index (the “MSCI EAFE Index”).
The fund is actively managed and seeks to pursue its investment objective while seeking to maintain a low tracking error to the MSCI EAFE Index. Under normal circumstances, the fund seeks to invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in equity securities of foreign issuers and derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities. The fund is non-diversified.
About iShares Enhanced International Actv ETF (ENHI)
There are 3 members of the management team with an average tenure of 0.39 years: Kevin Franklin (2026), Richard Mathieson (2026) and Raffaele Savi (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. iShares Enhanced International Actv ETF has 635 securities in its portfolio. The top 10 holdings constitute 15.1% 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 Enhanced International Actv ETF is part of the Equity global asset class and is within the International Equity ETF group. iShares Enhanced International Actv ETF has 98.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.0% There is 98.0% 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 Enhanced International Actv ETF has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $21 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.
ENHI 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 Enhanced International Actv ETF expense ratio is below average compared to funds in the Foreign Large Blend category. iShares Enhanced International Actv ETF has an expense ratio of 0.27%, which is 32% lower than its category average, making the fund expense ratio grade a B. 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 Enhanced International Actv ETF has a portfolio turnover rate of 20%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.
Recently, in the month of July 2026, iShares Enhanced International Actv ETF returned 2.1%, which earned it a grade of B, as the Foreign Large Blend category had an average return of 1.1%. 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 Enhanced International Actv ETF has a trailing yield of 0.00%, which is below the 2.56% category average.
The fund normally distributes its income 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.
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ENHI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ENHI Return (NAV) | 2.1% | 5.0% | na | na | na | na |
| ENHI Return (Price) | 0.9% | 3.5% | na | na | na | na |
| NAV +/- Price Return | 1.199% | 1.486% | na | na | na | na |
| Foreign Large Blend Avg | 1.1% | 4.4% | 25.0% | 16.4% | 9.2% | 9.3% |
| ENHI Grade (NAV) | B | B | na | na | na | na |
| +/- Category (NAV) | 0.9% | 0.6% | na | na | na | na |
| ENHI Tax-Cost Ratio | na | na | na | na | na | na |
ENHI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ENHI Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| ENHI Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Foreign Large Blend Avg | 12.1% | 31.2% | 5.2% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| ENHI Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 22 Mil |
| Share Class Assets: | $ 22 Mil |
| Turnover: | 20.0% |
| Expense Ratio: | 0.27% |
| Index Fund: | No |
| Index Tracked: | MSCI EAFE NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.4 years | |||
| Average Tenure: 0.4 years | |||
| Managers (Year): Franklin Kevin (2026), Mathieson Richard (2026), Savi Raffaele (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 635 |
| % in Top 10 Holdings: | 15.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 98.0% |
Portfolio Allocation |
|
| Domestic Stock: | 1.0% |
| Foreign Stock: | 98.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 0.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | www.blackrock.com |
| Inception Date: | March 10, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.27% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.40% |
