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 Video: What is a Stock Split?
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| iShares MSCI EAFE is an open-end management investment company. The Fund seek investment results that correspond to the price and yield performance of its underlying index, MSCI EAFE Index (the Index). The Index has been developed by MSCI Inc. as an equity benchmark for its international stock performance. The Index includes stocks from Europe, Australasia and the Far East. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. As of Jul 31 2015, the Fund's total assets were $61,773,040,268 and the Fund's investment portfolio was valued at $61,443,945,247. According to our EFA split history records, iShares Trust - iShares MSCI EAFE ETF has had 1 split. | |
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iShares Trust - iShares MSCI EAFE ETF (EFA) has 1 split in our EFA split history database. The split for EFA took place on June 09, 2005. This was a 3 for 1 split, meaning for each share of EFA owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as iShares Trust - iShares MSCI EAFE ETF splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the EFA split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into iShares Trust - iShares MSCI EAFE ETF shares, starting with a $10,000 purchase of EFA, presented on a split-history-adjusted basis factoring in the complete EFA split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$58.70 |
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| End price/share: |
$68.82 |
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| Starting shares: |
170.36 |
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| Ending shares: |
227.92 |
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| Dividends reinvested/share: |
$19.24 |
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| Total return: |
56.85% |
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| Average Annual Total Return: |
4.61% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,692.00 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$58.70 |
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| End price/share: |
$68.82 |
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| Dividends collected/share: |
$19.24 |
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| Total return: |
50.02% |
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| Average Annual Total Return: |
4.14% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,001.25 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/09/2005 | 3 for 1 |
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