0001193125-12-015845.txt : 20120119 0001193125-12-015845.hdr.sgml : 20120119 20120118184902 ACCESSION NUMBER: 0001193125-12-015845 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20120119 DATE AS OF CHANGE: 20120118 EFFECTIVENESS DATE: 20120119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iSHARES TRUST CENTRAL INDEX KEY: 0001100663 IRS NUMBER: 943351276 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-92935 FILM NUMBER: 12533237 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 6176621504 MAIL ADDRESS: STREET 1: 200 CLARENDON CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES TRUST DATE OF NAME CHANGE: 19991213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iSHARES TRUST CENTRAL INDEX KEY: 0001100663 IRS NUMBER: 943351276 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-09729 FILM NUMBER: 12533238 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 6176621504 MAIL ADDRESS: STREET 1: 200 CLARENDON CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES TRUST DATE OF NAME CHANGE: 19991213 0001100663 S000035392 iShares MSCI Taiwan Small Cap Index Fund C000108743 iShares MSCI Taiwan Small Cap Index Fund EWTS 485BPOS 1 d267289d485bpos.htm FORM 485BPOS Form 485BPOS

As filed with the U.S. Securities and Exchange Commission on January 18, 2012

Securities Act File No. 333-92935

Investment Company Act File No. 811-09729

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-1A

REGISTRATION STATEMENT

UNDER

   THE SECURITIES ACT OF 1933   x
   Pre-Effective Amendment No.   ¨
   Post-Effective Amendment No. 690   x

and/or

REGISTRATION STATEMENT

UNDER

   THE INVESTMENT COMPANY ACT OF 1940   x

Amendment No. 690

(Check appropriate box or boxes)

 

 

iShares Trust

(Exact Name of Registrant as Specified in Charter)

 

 

c/o State Street Bank and Trust Company

200 Clarendon Street

Boston, MA 02116

(Address of Principal Executive Office)(Zip Code)

 

 

Registrant’s Telephone Number, including Area Code (415) 670-2000

The Corporation Trust Company

1209 Orange Street

Wilmington, DE 19801

(Name and Address of Agent for Service)

 

 

With Copies to:

 

MARGERY K. NEALE, ESQ.   BENJAMIN J. HASKIN, ESQ.   ANDREW JOSEF, ESQ.
WILLKIE FARR & GALLAGHER LLP   WILLKIE FARR &
GALLAGHER LLP
  BLACKROCK INSTITUTIONAL
TRUST COMPANY, N.A.
787 SEVENTH AVENUE   1875 K STREET, NW   400 HOWARD STREET
NEW YORK, NY 10019-6099   WASHINGTON, DC 20006-1238   SAN FRANCISCO, CA 94105


 

Continuous

(January 18, 2012)

It is proposed that this filing will become effective:

  x immediately upon filing pursuant to paragraph (b)
  ¨ on              pursuant to paragraph (b)
  ¨ 60 days after filing pursuant to paragraph (a)(1)
  ¨ on              pursuant to paragraph (a)(1)
  ¨ 75 days after filing pursuant to paragraph (a)(2)
  ¨ on              pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

  ¨ This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

This filing relates solely to the following Fund, a series of iShares Trust:

iShares MSCI Taiwan Small Cap Index Fund


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all the requirements for the effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this Post-Effective Amendment No. 690 to the Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of San Francisco and the State of California on the 18th day of January, 2012.

iShares Trust

By:  

 

  Michael Latham*
  President and Trustee
Date:   January 18, 2012

Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 690 to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated.

 

  
Michael Latham*
President and Trustee
Date: January 18, 2012

 

John E. Martinez*
Trustee
Date: January 18, 2012

 

George G. C. Parker*
Trustee
Date: January 18, 2012

 

Cecilia H. Herbert*
Trustee
Date: January 18, 2012

 

Charles A. Hurty*
Trustee
Date: January 18, 2012

 

John E. Kerrigan*
Trustee
Date: January 18, 2012

 

Robert H. Silver*
Trustee
Date: January 18, 2012


  
Robert S. Kapito*
Trustee
Date: January 18, 2012

 

Madhav V. Rajan*
Trustee
Date: January 18, 2012

/s/ Jack Gee

Jack Gee
Treasurer
Date: January 18, 2012

/s/ Jack Gee

* By: Jack Gee
Attorney-in-fact
Date: January 18, 2012

 

* Powers of Attorney, each dated June 23, 2011, for Michael A. Latham, Charles A. Hurty, Cecilia H. Herbert, John E. Kerrigan, Robert H. Silver, George G.C. Parker, John E. Martinez, Madhav V. Rajan and Robert S. Kapito are incorporated herein by reference to Post-Effective Amendment No. 561.


EXHIBIT INDEX

 

Index No.   

Description of Exhibit

EX-101.INS    XBRL Instance Document
EX-101.SCH    XBRL Taxonomy Extension Schema Document
EX-101.CAL    XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF    XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB    XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE    XBRL Taxonomy Extension Presentation Linkbase
EX-101.INS 2 cik0001100663-20111230.xml XBRL INSTANCE DOCUMENT 0001100663 cik0001100663:S000035392Member cik0001100663:C000108743Member 2011-12-30 2011-12-30 0001100663 cik0001100663:S000035392Member 2011-12-30 2011-12-30 0001100663 2011-12-30 2011-12-30 iso4217:USD xbrli:pure false 2011-12-30 2011-12-30 2011-12-30 485BPOS 0001100663 iSHARES TRUST <div> &lt;div style="display:none;" &gt;~ http://www.iShares.com/role/ScheduleAnnualFundOperatingExpensesIsharesMsciTaiwanSmallCapIndexFund2 column period compact * column primary compact * row dei_LegalEntityAxis compact cik0001100663_S000035392Member row rr_ProspectusShareClassAxis compact * ~&lt;/div&gt; </div> <div class="MetaData"> <p><font style="text-align: left; line-height: 22pt; display: block; font-family: Arial; font-size: 19pt; font-weight: bold;" class="_mt">Performance Information</font></p></div> 0.00 <font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong>Example. </strong></font> <div> <font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:</font> </div> <div> &lt;div style="display:none;" &gt;~ http://www.iShares.com/role/ScheduleExpenseExampleTransposedIsharesMsciTaiwanSmallCapIndexFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik0001100663_S000035392Member column rr_ProspectusShareClassAxis compact * ~&lt;/div&gt; </div> 76 237 <div class="MetaData"> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">You may also incur usual and customary brokerage commissions when buying or selling shares of the Fund, which are not reflected in the example that follows:</font></p></div> <div class="MetaData"> <p><font style="text-align: left; line-height: 22pt; display: block; font-family: Arial; font-size: 19pt; font-weight: bold;" class="_mt">Fees and Expenses</font></p></div> <div> <div class="MetaData"> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">The following table describes the fees and expenses that you will incur if you own shares of the Fund. The investment advisory agreement between iShares Trust (the "Trust") and BlackRock Fund Advisors ("BFA") (the "Investment Advisory Agreement") provides that BFA will pay all operating expenses of the Fund, except interest expenses, taxes, brokerage expenses, future distribution fees or expenses, and extraordinary expenses.</font></p> <div class="MetaData"> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">You may also incur usual and customary brokerage commissions when buying or selling shares of the Fund, which are not reflected in the example that follows:</font></p></div></div> </div> 0.0074 0.0074 <div class="MetaData"> <p><font style="text-align: left; line-height: 22pt; display: block; font-family: Arial; font-size: 19pt; font-weight: bold;" class="_mt">Investment Objective</font></p></div> <div> <div class="MetaData"> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">The iShares MSCI Taiwan Small Cap Index Fund (the "Fund") seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Taiwan Small Cap Index (the "Underlying Index").</font></p></div> </div> <div class="MetaData"> <p style="text-align: center; margin: 0in 0in 10pt;" class="MsoNormal" align="center"><b><font style="line-height: 115%; font-family: 'Arial','sans-serif'; font-size: 7.5pt;" class="_mt">Annual Fund Operating Expenses<br />(ongoing expenses that you pay each year as a<br />percentage of the value of your investments)</font></b></p></div> 0.00 <div> <div class="MetaData"> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><font class="_mt">As of the date of the Fund's prospectus (the "Prospectus"), the Fund has been in operation for less than one full calendar year and therefore does not report its performance information</font>.</font></p></div> </div> As of the date of the Fund's prospectus (the "Prospectus"), the Fund has been in operation for less than one full calendar year and therefore does not report its performance information <font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong>Portfolio Turnover.</strong> </font> <div> <font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance.</font> </div> 2011-12-30 <div class="MetaData"> <p><font style="text-align: left; line-height: 22pt; display: block; font-family: Arial; font-size: 19pt; font-weight: bold;" class="_mt">Summary of Principal Risks</font></p></div> As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. <div> <div class="MetaData"> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><font class="_mt">As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. </font>The Fund is subject to the principal risks noted below, any of which may adversely affect the Fund's net asset value per share ("NAV"), trading price, yield, total return and ability to meet its investment objective.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Asset Class Risk</em>.</strong> Securities in the Underlying Index or in the Fund's portfolio may underperform in comparison to the general securities markets or other asset classes.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Concentration Risk.</em> </strong>To the extent that the Fund's investments are concentrated in a particular issuer, region, country, market, industry or asset class, the Fund may be susceptible to loss due to adverse occurrences affecting that issuer, region, country, market, industry or asset class.</font></p> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Currency Risk</em>.</strong> Because the Fund's NAV is determined in U.S. dollars, the Fund's NAV could decline if the currency of a non-U.S. market in which the Fund invests depreciates against the U.S. dollar.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Custody Risk</em>.</strong> Less developed markets are more likely to experience problems with the clearing and settling of trades and the holding of securities by local banks, agents and depositories.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Emerging Markets Risk</em>.</strong> The Fund's investments in emerging markets may be subject to a greater risk of loss than investments in more developed markets. Emerging markets may be more likely to experience inflation risk, political turmoil and rapid changes in economic conditions than more developed markets. Emerging markets often have less uniformity in accounting and reporting requirements, unreliable securities valuation and greater risk associated with custody of securities.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Equity Securities Risk</em>.</strong> Equity securities are subject to changes in value and their values may be more volatile than other asset classes.</font></p> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Geographic Risk</em>.</strong> A natural or other disaster could occur in a geographic region in which the Fund invests, which could affect the economy or particular business operations of companies in the specific geographic region, causing an adverse impact on the Fund's investments in the affected region.</font></p> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Industrial Sector Risk.</em> </strong>The industrial sector may be affected by changes in the supply and demand for products and services, product obsolescence, claims for environmental damage or product liability and general economic conditions, among other factors.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Information Technology Sector Risk.</em> </strong>Information technology companies face intense competition and potentially rapid product obsolescence. They are also heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Issuer Risk</em>.</strong> Fund performance depends on the performance of individual securities to which the Fund has exposure. Changes to the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Lack of Natural Resources Risk</em>.</strong> The Fund invests in Taiwan, which has few natural resources. Any fluctuation or shortage in the commodity markets could have a negative impact on the Taiwanese economy.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Management Risk</em>.</strong> As the Fund may not fully replicate the Underlying Index, it is subject to the risk that BFA's investment management strategy may not produce the intended results.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Market Risk</em>.</strong> The Fund could lose money over short periods due to short-term market movements and over longer periods during market downturns.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Market Trading Risk</em>.</strong> The Fund faces numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, periods of high volatility and disruption in the creation/redemption process of the Fund. ANY OF THESE FACTORS, AMONG OTHERS, MAY LEAD TO THE FUND'S SHARES TRADING AT A PREMIUM OR DISCOUNT TO NAV.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Materials Sector Risk</em>.</strong> Companies in the materials sector may be adversely impacted by the volatility of commodity prices, exchange rates, depletion of resources, over-production, litigation and government regulations, among other factors.</font></p> <div class="MetaData"> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Non-Diversification Risk</em>.</strong> The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers.</font></p></div> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Non-U.S. Securities Risk</em>.</strong> Investments in the securities of non-U.S. issuers are subject to the risks associated with investing in those non-U.S. markets, such as heightened risks of inflation or nationalization. The Fund may lose money due to political, economic and geographic events affecting a Taiwanese issuer or market. The Fund is specifically exposed to <strong>Asian Economic Risk</strong>.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Passive Investment Risk</em>.</strong> The Fund is not actively managed and BFA does not attempt to take defensive positions under any market conditions, including declining markets.</font></p> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Reliance on Trading Partners Risk</em>.</strong> The Fund invests in a country whose economy is heavily dependent upon trading with key partners. Any reduction in this trading may have an adverse impact on the Fund's investments. Through its trading partners, the Fund is specifically exposed to <strong>Asian Economic Risk</strong> and <strong>U.S. Economic Risk</strong>.</font></p> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Risk of Investing in Taiwan</em>.</strong> Investment in Taiwanese issuers involves risks that are specific to Taiwan, including legal, regulatory, political and economic risks. Such risks may adversely affect the value of the Fund's investments.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Securities Lending Risk. </em></strong>The Fund may engage in securities lending. Securities lending involves the risk that the Fund may lose money because the borrower of the Fund's loaned securities fails to return the securities in a timely manner or at all. The Fund could also lose money in the event of a decline in the value of the collateral provided for loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for the Fund.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Security Risk</em>.</strong> The geographic area in which the Fund invests has experienced security concerns. Incidents involving a country's or region's security may cause uncertainty in Taiwanese markets and may adversely affect its economy and the Fund's investments.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Small-Capitalization Companies Risk</em>.</strong> The Fund may invest in the securities of small-capitalization companies. Compared to mid- and large-capitalization companies, small-capitalization companies may be less stable and more susceptible to adverse developments and their securities may be more volatile and less liquid.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Structural Risk</em>.</strong> The country in which the Fund invests may be subject to considerable degrees of economic, political and social instability.</font></p> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Tracking Error Risk</em>.</strong> The performance of the Fund may diverge from that of the Underlying Index. Because the Fund employs a representative sampling strategy, the Fund may experience tracking error to a greater extent than a fund that seeks to replicate an index. BFA EXPECTS THAT THE FUND MAY EXPERIENCE HIGHER TRACKING ERROR THAN IS TYPICAL FOR SIMILAR INDEX EXCHANGE-TRADED FUNDS.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Valuation Risk</em>.</strong> The value of the securities in the Fund's portfolio may change on days when shareholders will not be able to purchase or sell the Fund's shares.</font></p></div> </div> <div class="MetaData"> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong><em>Non-Diversification Risk</em>.</strong> The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers.</font></p></div> <div class="MetaData"> <p><font style="text-align: center; line-height: 19pt; display: block; font-family: Arial; font-size: 17pt; font-weight: normal;" class="_mt">iSHARES<sup style="position: relative; bottom: 0.7em; font-size: 75%; vertical-align: baseline;">&#174;</sup> MSCI TAIWAN SMALL CAP INDEX FUND</font></p> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 11pt; font-family: Arial; margin-left: 35%; font-size: 9.5pt; font-weight: normal; margin-right: 10%;" class="_mt">Ticker: EWTS</font><font style="text-align: right; line-height: 11pt; font-family: Arial; font-size: 9.5pt; font-weight: normal;" class="_mt"> Stock Exchange: NYSE Arca</font></p></div> <div class="MetaData"> <p><font style="text-align: left; line-height: 22pt; display: block; font-family: Arial; font-size: 19pt; font-weight: bold;" class="_mt">Principal Investment Strategies</font></p></div> <div> <div class="MetaData"> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">The Underlying Index is designed to measure the performance of equity securities of small capitalization companies whose market capitalization, as calculated by the index provider, represents the bottom 14% of the companies in the Taiwanese securities market. Component companies include industrial, information technology and materials companies. The component companies may change over time.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">BFA uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to "beat" the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">BFA uses a representative sampling indexing strategy to manage the Fund. "Representative sampling" is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Underlying Index. The Fund may or may not hold all of the securities in the Underlying Index.</font></p> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">The Fund generally invests at least 80% of its assets in the securities of the Underlying Index or in depositary receipts representing securities of the Underlying Index. The Fund may invest the remainder of its assets in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index and in other investments including future contracts, options on futures contracts, options and swaps related to the Underlying Index, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates.</font></p> <p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of the collateral received).</font></p><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt">The Underlying Index is sponsored by an organization (the "Index Provider") that is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. The Fund's Index Provider is MSCI Inc. ("MSCI").</font><br /> <div class="MetaData"> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong>Industry Concentration Policy.</strong> The Fund will concentrate its investments (<em>i.e.</em>, hold 25% or more of its total assets) in a particular industry or group of industries, which may include large, mid or small capitalization companies, to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.</font></p></div></div> </div> <div class="MetaData"> <p style="margin-top: 2pt; margin-bottom: 2pt;"><font style="text-align: left; line-height: 12pt; display: block; font-family: Arial; font-size: 10pt; font-weight: normal;" class="_mt"><strong>Industry Concentration Policy.</strong> The Fund will concentrate its investments (<em>i.e.</em>, hold 25% or more of its total assets) in a particular industry or group of industries, which may include large, mid or small capitalization companies, to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.</font></p></div> EX-101.SCH 3 cik0001100663-20111230.xsd XBRL TAXONOMY EXTENSION SCHEMA 001403 - Schedule - Annual Fund Operating Expenses - {iShares MSCI Taiwan Small Cap Index Fund} link:presentationLink link:calculationLink link:definitionLink 001401 - Document - Risk/Return Summary {Unlabeled} - (iShares MSCI Taiwan Small Cap Index Fund) link:presentationLink link:calculationLink link:definitionLink 001402 - Schedule - Shareholder Fees - {iShares MSCI Taiwan Small Cap Index Fund} link:presentationLink link:calculationLink link:definitionLink 001404 - Schedule - Expense Example {Transposed} - {iShares MSCI Taiwan Small Cap Index Fund} link:presentationLink link:calculationLink link:definitionLink 001405 - Schedule - Expense Example, No Redemption {Transposed} - {iShares MSCI Taiwan Small Cap Index Fund} link:presentationLink link:calculationLink link:definitionLink 001406 - Schedule - Annual Total Returns - {iShares MSCI Taiwan Small Cap Index Fund}[Bar Chart] link:presentationLink link:calculationLink link:definitionLink 001407 - Schedule - Average Annual Total Returns {Transposed} - {iShares MSCI Taiwan Small Cap Index Fund} link:presentationLink link:calculationLink link:definitionLink 001408 - Disclosure - Risk/Return Detail Data {Elements} - (iShares MSCI Taiwan Small Cap Index Fund) link:presentationLink link:calculationLink link:definitionLink 000001 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 cik0001100663-20111230_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 5 cik0001100663-20111230_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 6 cik0001100663-20111230_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 7 cik0001100663-20111230_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 9 g267289g15k00.jpg GRAPHIC begin 644 g267289g15k00.jpg M_]C_X``02D9)1@`!`@$!+`$L``#_X0:S17AI9@``34T`*@````@`!P$2``,` M```!``$```$:``4````!````8@$;``4````!````:@$H``,````!``(```$Q M``(````4````<@$R``(````4````AH=I``0````!````G````,@```$L```` M`0```2P````!061O8F4@4&AO=&]S:&]P(#7U5F9VAI:FML;6YO8W1U=G=X>7 MI[?'U^?W$0`"`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q M0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*S MA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_ MV@`,`P$``A$#$0`_`-;K=M'3,K*MQ6_J6$.G]9QZJ&[6^@'.Z;G8S&MV,]'[ M)4W(93_-^I^D6D[*SNFVY&'1;L91E=+9L:UI;^N9#6=1V[V&S;D>K9^=^@_[ M3^DM'KW\SU'_`--MG_?UE=4_Y9SO_#_1O_/K4E-G*ZOU!KOK2&Y.T=/I8_`( M;7^C=]E^TOV[F?IOTS=_Z?U/\Q'HZQD7W=-++7L=D=1NQ<[%>*R:C7BY=WV. 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iShares MSCI Taiwan Small Cap Index Fund
Annual Fund Operating Expenses -
Management Fees
Distribution and Service (12b-1) Fees
Other Expenses
Total Annual Fund Operating Expenses
iShares MSCI Taiwan Small Cap Index Fund
0.74% none none 0.74%
Example.
This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example - (USD $)
1 Year
3 Years
iShares MSCI Taiwan Small Cap Index Fund
76 237
Portfolio Turnover.
The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance.
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Document Period End Date dei_DocumentPeriodEndDate Dec. 30, 2011
Registrant Name dei_EntityRegistrantName iSHARES TRUST
Central Index Key dei_EntityCentralIndexKey 0001100663
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Dec. 30, 2011
Document Effective Date dei_DocumentEffectiveDate Dec. 30, 2011
Prospectus Date rr_ProspectusDate Dec. 30, 2011
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName iSHARES TRUST
Prospectus Date rr_ProspectusDate Dec. 30, 2011
iShares MSCI Taiwan Small Cap Index Fund | iShares MSCI Taiwan Small Cap Index Fund
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.74%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets none
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.74%
1 Year rr_ExpenseExampleYear01 76
3 Years rr_ExpenseExampleYear03 237
iShares MSCI Taiwan Small Cap Index Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
Objective [Heading] rr_ObjectiveHeading
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
Expense [Heading] rr_ExpenseHeading
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
Operating Expenses Caption [Text] rr_OperatingExpensesCaption
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover.
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock
The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance.
Expense Exchange Traded Fund Commissions [Text] rr_ExpenseExchangeTradedFundCommissions
Expense Example [Heading] rr_ExpenseExampleHeading Example.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Strategy [Heading] rr_StrategyHeading
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
Strategy Portfolio Concentration [Text] rr_StrategyPortfolioConcentration
Risk [Heading] rr_RiskHeading
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
Risk Lose Money [Text] rr_RiskLoseMoney As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess As of the date of the Fund's prospectus (the "Prospectus"), the Fund has been in operation for less than one full calendar year and therefore does not report its performance information
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