What this ETF is trying to do

The iShares MSCI Turkey ETF (TUR) is designed to provide investors with exposure to the Turkish equity market. It tracks the performance of companies based in Turkey, allowing investors to hold a basket of Turkish stocks through a single ETF.

What the numbers show

As of October 9, 2026, the share price of TUR was $34.13. The performance of the fund varies depending on the time frame:

• Year-to-Date (YTD): The price return is -0.84%, while the total return is 0.34%.

• One Year: The price return is 2.28%, and the total return is 4.57%.

• Three Year: The price return is -10.40%, and the total return is -4.47%.

• Five Year: The total return is 85.47%.

Price return measures only the change in the share price. Total return is a different measure that includes the impact of distributions. For example, over the last year, the total return was higher than the price return because of the cash distributions paid to shareholders.

Income and distribution explanation

TUR has a distribution yield of approximately 2.46%. Over the last 12 months, it made two payouts totaling $0.84 per share. The distribution frequency is described as irregular or less frequent.

It is important for beginners to remember that a distribution yield is not the same as a total return. While these payments provide cash income, they do not guarantee that the original investment value will stay the same or grow.

NAV erosion explanation

NAV erosion happens when the net asset value of a fund declines over time. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Looking at price-based evidence, the fund has an erosion-risk score of 94, which is labeled as "Stable / sideways" with "good" severity. Additionally, the severe erosion-risk flag is false, meaning the fund's price trend did not trigger a severe warning.

Pros

• Long-term Growth: The five-year total return is significantly positive at 85.47%.

• Price Stability: The erosion-risk score suggests the price has been relatively stable or moving sideways recently.

Cons

• Recent Short-term Loss: The three-year price return is negative (-10.40%).

• Inconsistent Income: Distributions are irregular and less frequent, which may be difficult for investors who rely on a steady monthly or quarterly paycheck.

Beginner takeaway

The iShares MSCI Turkey ETF (TUR) offers a way to invest in Turkey's economy. While it has shown strong total returns over five years, its three-year performance has been negative. It provides some income, but the payments are not regular. Investors should distinguish between the share price movement and the total return, which includes distributions.