iShares MSCI South Africa ETF (EZA) is an exchange-traded fund that seeks to track the investment results of the MSCI South Africa 25/50 Index, composed of South African equities representing approximately 85% of the free float-adjusted market capitalization, excluding small-cap stocks. The ETF provides exposure to large- and mid-capitalization companies across diversified sectors in South Africa, including economically sensitive industries such as financials, materials, and consumer discretionary; it employs a representative sampling technique to replicate the benchmark's performance. Launched on February 3, 2003, and managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., the fund is domiciled in the United States with primary listing on NYSE Arca and targets institutional and retail investors seeking targeted access to the South African equity market. As of mid-2025, EZA holds approximately 29 securities, maintains net assets of around $411 million to $550 million, and charges an expense ratio of 0.59%. The fund operates without a sustainable, impact, or ESG investment strategy focus. No major structural changes, such as index alterations, fee adjustments, mergers, acquisitions, partnerships, or new product launches specific to EZA, have been reported in the last 1-2 years amid BlackRock's broader iShares expansions in active ETFs and other regions.