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EZA · iShares MSCI South Africa ETF

Know the company

Company overview

iShares MSCI South Africa ETF owns shares of South African companies. Their dividends can bring cash, while local business conditions, currency moves and stock prices shape the value that remains.

Business: International equity ETF
Listing: EZA · ARCX
Reporting period: 2026-02-28
Dividend schedule: Semi-Annual

How the business works

Company dividends after fund expenses appear in net investment income. Realized gains and changes in South African share values are separate parts of the investment result.

iShares MSCI South Africa ETF: financial report supporting reported earnings

Dividend & earnings snapshot

Dividend payments

Per common share

$1.434276Reviewed declaration · Payment Jun 22, 2026

Regular dividend

Announced Jun 12, 2026

Dates and issuer sources

Announcement: Jun 12, 2026
Declaration: Jun 12, 2026
Ex-dividend: Jun 15, 2026
Record: Jun 15, 2026
Payment: Jun 22, 2026
Source reviewed: Sep 28, 2026

Extras are shown separately and are not assumed to repeat.

Reported earnings

Each measure shown separately, per share

Net investment income$0.49

Sep 1, 2025 to Feb 28, 2026

Distribution yield7.20%Sourced distributions divided by dated market price

Reported annual income yield1.98%Reported net investment income $1.1400 per share for 2024-09-01 to 2025-08-31, divided by approved 2025-08-29 market price $57.6700. Excludes capital gains; historical, not a current yield or forecast.

Trailing 12-month distributions$5.05Recorded recurring payments per share, not a forecast

Reported-period income coverageNot availableReported net investment income and total distributions for the same period are needed.

Verified dividend dates and payment components

Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.

Regular dividend

$1.434276

Payment: Jun 22, 2026

Announced Jun 12, 2026

Dates and issuer sources

Announcement: Jun 12, 2026
Declaration: Jun 12, 2026
Ex-dividend: Jun 15, 2026
Record: Jun 15, 2026
Payment: Jun 22, 2026
Source reviewed: Sep 28, 2026

Verified earnings history and sources

The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.

Reporting period	Earnings measure	Per share	Source
Sep 1, 2025 to Feb 28, 2026	Net investment income	$0.49	Issuer source 1 Announced May 5, 2026

Business and earnings charts

Financial snapshot: 2026-02-28. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.

The assets it owns

$584.702 million net assetsInternational equity ETF

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

iShares MSCI South Africa ETF: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2025-09-01 to 2026-02-28 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$0.4900

Total cash distributions in the same period$3.6100

For the six months ended February 28, 2026, EZA reported $0.49 of net investment income and $3.61 of distributions per share. Net asset value rose from $57.18 to $81.35. Ordinary income explains only part of the cash; realized results and the higher ending value are central to this period's outcome.

iShares MSCI South Africa ETF: financial report supporting reported earnings

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Sep 1, 2025 to Feb 28, 2026	$81.35	+42.27%	$3.61	+50.08%	Verified issuer financial highlights for this exact fiscal period; total return is reported, not inferred.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

Reported-period income coverage

Reported net investment income divided by total distributions for each period. Investment gains and return of capital may also support payments, so this comparison alone does not establish distribution sustainability.

Reporting period	Net investment income/share	Total distributions/share	Income coverage
2023-09-01 to 2024-08-31	$1.07	$1.13	94.7%
2024-09-01 to 2025-08-31	$1.14	$3.04	37.5%
2025-09-01 to 2026-02-28	$0.49	$3.61	13.6%

Risk monitor

Risk	Current condition	Direction	Why it matters
Portfolio and strategy risk	Income and capital are exposed to South African market concentration, commodity-linked businesses and currency movements.	Monitor	A change can affect future distributions or shareholder capital.
Distribution variability	Payments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.	Monitor	A change can affect future distributions or shareholder capital.
Market and implementation risk	Market liquidity, trading costs, derivative execution where used, and fund expenses can reduce shareholder returns.	Monitor	A change can affect future distributions or shareholder capital.

The assets behind the earnings

How EZA makes money

Financial snapshot: 2026-02-28. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.

The income-producing business

Portfolio interest and dividends, realized investment results and any derivative activity contribute to distribution resources after expenses. Taxable income and cash distributions can differ from reported net investment income.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

iShares MSCI South Africa ETF: financial report supporting reported earnings

What the reported earnings support

iShares MSCI South Africa ETF reported $0.4900 per share for 2025-09-01 to 2026-02-28, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

iShares MSCI South Africa ETF: financial report supporting reported earnings

Portfolio and strategy risk

Income and capital are exposed to South African market concentration, commodity-linked businesses and currency movements.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

iShares MSCI South Africa ETF: financial report supporting reported earnings

Distribution variability

Payments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

iShares MSCI South Africa ETF: financial report supporting reported earnings

What would change the earnings picture?

Compare the next like-length dividends and cash paid with South African stock returns, currency effects and net asset value.

Net asset value (NAV)

NAV per share$64.9600Sep 29, 2026

Market price$64.8500Sep 29, 2026

PREMIUM / DISCOUNT TO NAV0.17% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

iShares issuer NAV and Marketstack USD closing market price, both dated 2026-09-29. The calculated premium or discount agrees with the issuer-published figure within rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Current evidence and recent developments

Reported fund net investment income per share: $0.49 for 2025-09-01 to 2026-02-28; actual period, not annualized.
Trailing distribution screen: 7.20% on 2026-09-11.
Latest announced cash distribution in the checked history: $1.4343; usual frequency semi-annual.

What to watch next

Compare the next like-length dividends and cash paid with South African stock returns, currency effects and net asset value.

Fly High context

Compare the next like-length dividends and cash paid with South African stock returns, currency effects and net asset value.

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U.S. federal · Tax year 2025

Dividend tax treatment

The $4.237164 per share paid in cash was entirely ordinary dividends. Form 1099-DIV Box 1a shows $4.418086 of ordinary dividends because it includes $0.180922 of foreign tax paid on your behalf, not extra cash. A qualified-dividend percentage is not shown because the report does not separate its cash portion from the foreign-tax amount.

This issuer information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Total ordinary dividends: 100%
Qualified dividends: Not confirmed
Capital-gain distributions: 0%
Return of capital: 0%

Tax year: 2025. Total distributions: $4.24 per share.

Tax details and source

Total ordinary dividends (includes qualified): 100%
Section 199A portion (within ordinary dividends): 0%
Exempt-interest distributions: 0%
Reporting form: Form 1099-DIV
Source date: Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

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