December 1, 2020 | |
(as revised |
2020 Prospectus |
• | iShares Core Conservative Allocation ETF | AOK | NYSE ARCA |
• | iShares Core Moderate Allocation ETF | AOM | NYSE ARCA |
• | iShares Core Growth Allocation ETF | AOR | NYSE ARCA |
• | iShares Core Aggressive Allocation ETF | AOA | NYSE ARCA |
|
S-1 |
|
S-10 |
|
S-19 |
|
S-28 |
|
1 |
|
1 |
|
2 |
|
16 |
|
23 |
|
23 |
|
27 |
|
28 |
|
33 |
|
34 |
|
38 |
|
38 |
(ongoing expenses that you pay each year as a percentage of the value of your investments) 1 | ||||||||||||
Management Fees |
Distribution and Service (12b-1) Fees |
Other Expenses 2 |
Acquired Fund Fees and Expenses |
Total Annual Fund Operating Expenses |
Fee Waiver |
Total Annual Fund Operating Expenses After Fee Waiver | ||||||
( |
1 |
2 |
The amount rounded to 0.00%. |
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
1 |
One Year |
Five Years |
Ten Years | |||
(Inception Date: |
|||||
Return Before Taxes | |||||
Return After Taxes on Distributions 2 |
|||||
Return After Taxes on Distributions and Sale of Fund Shares 2 |
|||||
S&P Target Risk Conservative Index (Index returns do not reflect deductions for fees, expenses, or taxes) |
2 |
(ongoing expenses that you pay each year as a percentage of the value of your investments) 1 | ||||||||||||
Management Fees |
Distribution and Service (12b-1) Fees |
Other Expenses 2 |
Acquired Fund Fees and Expenses |
Total Annual Fund Operating Expenses |
Fee Waiver |
Total Annual Fund Operating Expenses After Fee Waiver | ||||||
( |
1 |
2 |
The amount rounded to 0.00%. |
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
1 |
One Year |
Five Years |
Ten Years | |||
(Inception Date: |
|||||
Return Before Taxes | |||||
Return After Taxes on Distributions 2 |
|||||
Return After Taxes on Distributions and Sale of Fund Shares 2 |
|||||
S&P Target Risk Moderate Index (Index returns do not reflect deductions for fees, expenses, or taxes) |
2 |
(ongoing expenses that you pay each year as a percentage of the value of your investments) 1 | ||||||||||||
Management Fees |
Distribution and Service (12b-1) Fees |
Other Expenses 2 |
Acquired Fund Fees and Expenses |
Total Annual Fund Operating Expenses |
Fee Waiver |
Total Annual Fund Operating Expenses After Fee Waiver | ||||||
( |
1 |
2 |
The amount rounded to 0.00%. |
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
1 |
One Year |
Five Years |
Ten Years | |||
(Inception Date: |
|||||
Return Before Taxes | |||||
Return After Taxes on Distributions 2 |
|||||
Return After Taxes on Distributions and Sale of Fund Shares 2 |
|||||
S&P Target Risk Growth Index (Index returns do not reflect deductions for fees, expenses, or taxes) |
2 |
(ongoing expenses that you pay each year as a percentage of the value of your investments) 1 | ||||||||||||
Management Fees |
Distribution and Service (12b-1) Fees |
Other Expenses 2 |
Acquired Fund Fees and Expenses |
Total Annual Fund Operating Expenses |
Fee Waiver |
Total Annual Fund Operating Expenses After Fee Waiver | ||||||
( |
1 |
2 |
The amount rounded to 0.00%. |
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
1 |
One Year |
Five Years |
Ten Years | |||
(Inception Date: |
|||||
Return Before Taxes | |||||
Return After Taxes on Distributions 2 |
|||||
Return After Taxes on Distributions and Sale of Fund Shares 2 |
|||||
S&P Target Risk Aggressive Index (Index returns do not reflect deductions for fees, expenses, or taxes) |
2 |
Note: The above chart is for illustrative purposes and is intended to represent the approximate allocation percentages of the Funds as of July 31, 2020, which are subject to change. |
■ | High yield securities may be issued by less creditworthy issuers. Issuers of high yield securities may have a larger amount of outstanding debt relative to their assets than issuers of investment-grade bonds. In the event of an issuer’s bankruptcy, claims of other creditors may have priority over the claims of high yield securities holders, leaving few or no assets available to repay high yield securities holders. |
■ | Prices of high yield securities are subject to extreme price fluctuations. Adverse changes in an issuer’s industry and general economic conditions may have a greater impact on the prices of high yield securities than on other higher rated fixed-income securities. The credit rating of a high yield security does not necessarily address its market value risk. Ratings and market value may change from time to time, positively or negatively, to reflect new developments regarding the issuer. |
■ | Issuers of high yield securities may be unable to meet their interest or principal payment obligations because of an economic downturn, specific issuer developments, or the unavailability of additional financing. |
■ | High yield securities frequently have redemption features that permit an issuer to repurchase the security from a Fund or an Underlying Fund before it matures. If the issuer redeems high yield securities held by a Fund or the Underlying Fund, a Fund or an Underlying Fund may have to invest the proceeds in bonds with lower yields and may lose income. |
■ | High yield securities may be less liquid than higher rated fixed-income securities, even under normal economic conditions. There are fewer dealers in the high yield securities market, and there may be significant differences in the prices quoted for high yield securities by the dealers. Because high yield securities may be less liquid than higher rated fixed-income securities, judgment may play a greater role in valuing certain of the Fund's or Underlying Fund's securities than is the case with securities trading in a more liquid market. |
■ | The Fund or an Underlying Fund may incur expenses to the extent necessary to seek recovery upon default or to negotiate new terms with a defaulting issuer. |
■ | General Impact. This outbreak has resulted in travel restrictions, closed international borders, enhanced health screenings at ports of entry and elsewhere, disruption of and delays in healthcare service preparation and delivery, prolonged quarantines, cancellations, supply chain disruptions, lower consumer demand, temporary closures of stores, restaurants and other commercial establishments, layoffs, defaults and other significant economic impacts, as well as general concern and uncertainty. |
■ | Market Volatility. The outbreak has also resulted in extreme volatility, severe losses, and disruptions in markets which can adversely impact the Fund and its investments, including impairing hedging activity to the extent a Fund engages in such activity, as expected correlations between related markets or instruments may no longer apply. In addition, to the extent the Fund invests in short-term instruments that have negative yields, the Fund’s value may be impaired as a result. Certain issuers of equity securities have cancelled or announced the suspension of dividends. The outbreak has, and may continue to, negatively affect the credit ratings of some fixed income securities and their issuers. |
■ | Market Closures. Certain local markets have been or may be subject to closures, and there can be no assurance that trading will continue in any local markets in which the Fund may invest, when any resumption of trading will occur or, once such markets resume trading, whether they will face further closures. Any suspension of trading in markets in which the Fund invests will have an impact on the Fund and its investments and will impact the Fund’s ability to purchase or sell securities in such markets. |
■ | Operational Risk. The outbreak could also impair the information technology and other operational systems upon which the Fund’s service providers, including BFA, rely, and could otherwise disrupt the ability of employees of the Fund’s service providers to perform critical tasks relating to the Fund, for example, due to the service providers’ employees performing tasks in alternate locations than under normal operating conditions or the illness of certain employees of the Fund’s service providers. |
■ | Governmental Interventions. Governmental and quasi-governmental authorities and regulators throughout the world have responded to the outbreak and the resulting economic disruptions with a variety of fiscal and monetary policy changes, including direct capital infusions into companies and other issuers, new monetary policy tools, and lower interest rates. An unexpected or sudden reversal of these policies, or the ineffectiveness of such policies, is likely to increase market volatility, which could adversely affect the Fund’s investments. |
■ | Pre-Existing Conditions. Public health crises caused by the outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally. |
■ | A lack of market liquidity and market efficiency; |
■ | Greater securities price volatility; |
■ | Exchange rate fluctuations and exchange controls; |
■ | Less availability of public information about issuers; |
■ | Limitations on foreign ownership of securities; |
■ | Imposition of withholding or other taxes; |
■ | Imposition of restrictions on the expatriation of the funds or other assets of an Underlying Fund; |
■ | Higher transaction and custody costs and delays in settlement procedures; |
■ | Difficulties in enforcing contractual obligations; |
■ | Lower levels of regulation of the securities markets; |
■ | Weaker accounting, disclosure and reporting requirements; and |
■ | Legal principles related to corporate governance, directors’ fiduciary duties and liabilities and stockholders’ rights in markets in which the Underlying Funds may invest may differ from and/or may not be as extensive or protective as those that apply in the U.S. |
■ | The risk of delays in settling portfolio transactions and the risk of loss arising out of the system of share registration and custody used in Russia; |
■ | Risks in connection with the maintenance of an Underlying Fund’s portfolio securities and cash with foreign sub-custodians and securities depositories, including the risk that appropriate sub-custody arrangements will not be available to an Underlying Fund; |
■ | The risk that an Underlying Fund’s ownership rights in portfolio securities could be lost through fraud or negligence because ownership in shares of Russian companies is recorded by the companies themselves and by registrars, rather than by a central registration system; |
■ | The risk that an Underlying Fund may not be able to pursue claims on behalf of its shareholders because of the system of share registration and custody, and because Russian banking institutions and registrars are not guaranteed by the Russian government; and |
■ | The risk that various responses by other nation-states to alleged Russian cyber activity will impact Russia’s economy and Russian issuers of securities in which an Underlying Fund invests. |
■ | With respect to a foreign entity that holds the Indian assets directly, if the transferor of share or interest in such a foreign entity (along with its associated enterprises), at any time in the twelve months preceding the year of transfer neither holds the right of control or management in the foreign entity, nor holds voting power or share capital or interest exceeding 5% of the total voting power or total share capital or total interest in such foreign entity. |
■ | With respect to a foreign entity that holds the Indian assets indirectly, if the transferor of share or interest in such foreign entity (along with its associated enterprises), at any time in the twelve months preceding the year of transfer does not hold the right of control or |
management in relation to the foreign entity, which would entitle them to the right of control or management in the foreign entity which directly holds the Indian assets; or does not hold voting power or share capital or interest exceeding 5% of the total voting power or total share capital or total interest in the foreign entity, which results in holding the same share capital or voting power in the entity which directly holds the Indian assets. |
■ | creates rights, or obligations, which are not ordinarily created between persons dealing at arm's length; |
■ | results, directly or indirectly, in the misuse, or abuse, of the provisions of IT Act; |
■ | lacks commercial substance; or |
■ | is entered into, or carried out, by means, or in a manner, which are not ordinarily employed for bona fide purposes. |
■ | any arrangement where the aggregate tax benefit to all the parties of the arrangement in the relevant financial year does not exceed INR 30 Million; |
■ | foreign institutional investors (“FIIs”) that choose not to take any benefit under any tax treaty entered with India and have invested in listed or unlisted securities with prior permission of the competent authority in accordance with the applicable regulations; |
■ | non-resident investor in an FII who has invested in an FII, directly or indirectly, by way of an offshore derivative instrument or otherwise; or |
■ | any income derived from the transfer of shares or interests made prior to April 1, 2017. |
Underlying Funds | iShares Core Conservative Allocation ETF |
iShares Core Moderate Allocation ETF |
iShares Core Growth Allocation ETF |
iShares Core Aggressive Allocation ETF |
|||||
iShares Core International Aggregate Bond ETF | 9.93% | 8.40% | 5.45% | 2.66% | |||||
iShares Core MSCI Emerging Markets ETF | 3.76% | 4.94% | 7.22% | 9.38% | |||||
iShares Core MSCI International Developed Markets ETF | 11.10% | 14.61% | 21.34% | 27.74% | |||||
iShares Core S&P 500 ETF | 16.49% | 21.70% | 31.69% | 41.19% | |||||
iShares Core S&P Mid-Cap ETF | 0.76% | 1.08% | 1.98% | 2.57% | |||||
iShares Core S&P Small-Cap ETF | 0.16% | 0.18% | 0.81% | 1.06% | |||||
iShares Core Total USD Bond Market ETF | 57.05% | 48.27% | 31.33% | 15.27% | |||||
BlackRock Cash Funds: Treasury/Cash | 0.75% | 0.82% | 0.18% | 0.13% |
iShares Core Conservative Allocation ETF | |||||||||
Year Ended 07/31/20 |
Year Ended 07/31/19 |
Year Ended 07/31/18 |
Year Ended 07/31/17 |
Year Ended 07/31/16 | |||||
Net asset value, beginning of year |
$35.27 | $34.18 | $34.19 | $33.34 | $32.51 | ||||
Net investment income (a) |
0.88 | 0.98 | 0.70 | 0.74 | 0.65 | ||||
Net realized and unrealized gain (b) |
1.89 | 1.08 | 0.33 | 0.84 | 0.83 | ||||
Net increase from investment operations | 2.77 | 2.06 | 1.03 | 1.58 | 1.48 | ||||
Distributions (c) |
|||||||||
From net investment income | (0.89) | (0.97) | (0.72) | (0.73) | (0.65) | ||||
From net realized gain | — | — | (0.32) | — | — | ||||
Total distributions | (0.89) | (0.97) | (1.04) | (0.73) | (0.65) | ||||
Net asset value, end of year |
$37.15 | $35.27 | $34.18 | $34.19 | $33.34 | ||||
Total Return |
|||||||||
Based on net asset value | 7.98% | 6.17% | 3.05% | 4.84% | 4.65% | ||||
Ratios to Average Net Assets |
|||||||||
Total expenses (d) |
0.25% | 0.25% | 0.25% | 0.25% | 0.25% | ||||
Total expenses after fees waived (d) |
0.19% | 0.19% | 0.18% | 0.14% | 0.11% | ||||
Net investment income | 2.46% | 2.87% | 2.04% | 2.22% | 2.04% | ||||
Supplemental Data |
|||||||||
Net assets, end of year (000) | $698,418 | $529,064 | $471,721 | $398,334 | $288,375 | ||||
Portfolio turnover rate (e)(f) |
5% | 3% | 41% | 2% | 12% | ||||
(a) Based on average shares outstanding. | |||||||||
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||||||||
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||||||
(d) The Fund indirectly bears its proportionate share of fees and expenses incurred by the underlying funds in which the Fund is invested. This ratio does not include these indirect fees and expenses. | |||||||||
(e) Portfolio turnover rate excludes in-kind transactions. | |||||||||
(f) Portfolio turnover rate excludes the portfolio activity of the underlying funds in which the Fund is invested. See each underlying fund's financial highlights for its respective portfolio turnover rates. |
iShares Core Moderate Allocation ETF | |||||||||
Year Ended 07/31/20 |
Year Ended 07/31/19 |
Year Ended 07/31/18 |
Year Ended 07/31/17 |
Year Ended 07/31/16 | |||||
Net asset value, beginning of year |
$38.77 | $37.73 | $37.48 | $35.89 | $35.19 | ||||
Net investment income (a) |
0.96 | 1.05 | 0.77 | 0.81 | 0.73 | ||||
Net realized and unrealized gain (b) |
1.99 | 0.99 | 0.80 | 1.54 | 0.66 | ||||
Net increase from investment operations | 2.95 | 2.04 | 1.57 | 2.35 | 1.39 | ||||
Distributions (c) |
|||||||||
From net investment income | (0.96) | (1.00) | (0.77) | (0.76) | (0.69) | ||||
From net realized gain | — | — | (0.55) | — | — | ||||
Total distributions | (0.96) | (1.00) | (1.32) | (0.76) | (0.69) | ||||
Net asset value, end of year |
$40.76 | $38.77 | $37.73 | $37.48 | $35.89 | ||||
Total Return |
|||||||||
Based on net asset value | 7.75% | 5.52% | 4.24% | 6.66% | 4.03% | ||||
Ratios to Average Net Assets |
|||||||||
Total expenses (d) |
0.25% | 0.25% | 0.25% | 0.25% | 0.25% | ||||
Total expenses after fees waived (d) |
0.19% | 0.19% | 0.18% | 0.15% | 0.11% | ||||
Net investment income | 2.44% | 2.80% | 2.03% | 2.24% | 2.13% | ||||
Supplemental Data |
|||||||||
Net assets, end of year (000) | $1,239,057 | $1,106,956 | $909,234 | $736,575 | $531,165 | ||||
Portfolio turnover rate (e)(f) |
6% | 4% | 40% | 2% | 12% | ||||
(a) Based on average shares outstanding. | |||||||||
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||||||||
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||||||
(d) The Fund indirectly bears its proportionate share of fees and expenses incurred by the underlying funds in which the Fund is invested. This ratio does not include these indirect fees and expenses. | |||||||||
(e) Portfolio turnover rate excludes in-kind transactions. | |||||||||
(f) Portfolio turnover rate excludes the portfolio activity of the underlying funds in which the Fund is invested. See each underlying fund's financial highlights for its respective portfolio turnover rates. |
iShares Core Growth Allocation ETF | |||||||||
Year Ended 07/31/20 |
Year Ended 07/31/19 |
Year Ended 07/31/18 |
Year Ended 07/31/17 |
Year Ended 07/31/16 | |||||
Net asset value, beginning of year |
$45.57 | $44.84 | $44.08 | $40.81 | $40.53 | ||||
Net investment income (a) |
1.09 | 1.16 | 0.88 | 0.94 | 0.90 | ||||
Net realized and unrealized gain (b) |
2.13 | 0.69 | 1.96 | 3.22 | 0.19 | ||||
Net increase from investment operations | 3.22 | 1.85 | 2.84 | 4.16 | 1.09 | ||||
Distributions (c) |
|||||||||
From net investment income | (1.09) | (1.12) | (0.90) | (0.89) | (0.81) | ||||
From net realized gain | — | — | (1.18) | — | — | ||||
Total distributions | (1.09) | (1.12) | (2.08) | (0.89) | (0.81) | ||||
Net asset value, end of year |
$47.70 | $45.57 | $44.84 | $44.08 | $40.81 | ||||
Total Return |
|||||||||
Based on net asset value | 7.20% | 4.24% | 6.53% | 10.33% | 2.80% | ||||
Ratios to Average Net Assets |
|||||||||
Total expenses (d) |
0.25% | 0.25% | 0.25% | 0.25% | 0.25% | ||||
Total expenses after fees waived (d) |
0.19% | 0.19% | 0.18% | 0.15% | 0.11% | ||||
Net investment income | 2.37% | 2.63% | 1.96% | 2.26% | 2.31% | ||||
Supplemental Data |
|||||||||
Net assets, end of year (000) | $1,414,304 | $1,310,259 | $1,118,727 | $1,029,196 | $763,086 | ||||
Portfolio turnover rate (e)(f) |
4% | 4% | 44% | 2% | 11% | ||||
(a) Based on average shares outstanding. | |||||||||
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||||||||
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||||||
(d) The Fund indirectly bears its proportionate share of fees and expenses incurred by the underlying funds in which the Fund is invested. This ratio does not include these indirect fees and expenses. | |||||||||
(e) Portfolio turnover rate excludes in-kind transactions. | |||||||||
(f) Portfolio turnover rate excludes the portfolio activity of the underlying funds in which the Fund is invested. See each underlying fund's financial highlights for its respective portfolio turnover rates. |
iShares Core Aggressive Allocation ETF | |||||||||
Year Ended 07/31/20 |
Year Ended 07/31/19 |
Year Ended 07/31/18 |
Year Ended 07/31/17 |
Year Ended 07/31/16 | |||||
Net asset value, beginning of year |
$54.53 | $54.21 | $52.49 | $47.02 | $47.33 | ||||
Net investment income (a) |
1.24 | 1.29 | 1.06 | 1.09 | 1.05 | ||||
Net realized and unrealized gain (loss) (b) |
2.24 | 0.28 | 3.51 | 5.40 | (0.38) | ||||
Net increase from investment operations | 3.48 | 1.57 | 4.57 | 6.49 | 0.67 | ||||
Distributions (c) |
|||||||||
From net investment income | (1.24) | (1.25) | (1.05) | (1.02) | (0.98) | ||||
From net realized gain | — | — | (1.80) | — | — | ||||
Total distributions | (1.24) | (1.25) | (2.85) | (1.02) | (0.98) | ||||
Net asset value, end of year |
$56.77 | $54.53 | $54.21 | $52.49 | $47.02 | ||||
Total Return |
|||||||||
Based on net asset value | 6.49% | 2.99% | 8.84% | 13.99% | 1.53% | ||||
Ratios to Average Net Assets |
|||||||||
Total expenses (d) |
0.25% | 0.25% | 0.25% | 0.25% | 0.25% | ||||
Total expenses after fees waived (d) |
0.19% | 0.19% | 0.18% | 0.16% | 0.11% | ||||
Net investment income | 2.27% | 2.44% | 1.97% | 2.23% | 2.33% | ||||
Supplemental Data |
|||||||||
Net assets, end of year (000) | $1,016,165 | $948,896 | $897,242 | $692,880 | $444,366 | ||||
Portfolio turnover rate (e)(f) |
4% | 4% | 40% | 1% | 6% | ||||
(a) Based on average shares outstanding. | |||||||||
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||||||||
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||||||
(d) The Fund indirectly bears its proportionate share of fees and expenses incurred by the underlying funds in which the Fund is invested. This ratio does not include these indirect fees and expenses. | |||||||||
(e) Portfolio turnover rate excludes in-kind transactions. | |||||||||
(f) Portfolio turnover rate excludes the portfolio activity of the underlying funds in which the Fund is invested. See each underlying fund's financial highlights for its respective portfolio turnover rates. |
Call: | 1-800-iShares or 1-800-474-2737 (toll free) Monday through Friday, 8:30 a.m. to 6:30 p.m. (Eastern time) |
Email: | iSharesETFs@blackrock.com |
Write: | c/o BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |
March 1, 2021 | |
(as revised October 20, 2021) |
2021 Prospectus |
• | iShares Floating Rate Bond ETF | FLOT | CBOE BZX |
(ongoing expenses that you pay each year as a percentage of the value of your investments) 1 | ||||||
Management Fees |
Distribution and Service (12b-1) Fees |
Other Expenses 2 |
Total Annual Fund Operating Expenses | |||
1 |
2 |
The amount rounded to 0.00%. |
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
One Year |
Five Years |
Since Fund Inception | |||
(Inception Date: |
|||||
Return Before Taxes | |||||
Return After Taxes on Distributions 1 |
|||||
Return After Taxes on Distributions and Sale of Fund Shares 1 |
|||||
Bloomberg US Floating Rate Note < 5 Years Index (Index returns do not reflect deductions for fees, expenses, or taxes) |
1 |
■ | General Impact. This outbreak has resulted in travel restrictions, closed international borders, enhanced health screenings at ports of entry and elsewhere, disruption of and delays in healthcare service preparation and delivery, prolonged quarantines, cancellations, supply chain disruptions, lower consumer demand, temporary and permanent closures of stores, restaurants and other commercial establishments, layoffs, defaults and other significant economic impacts, as well as general concern and uncertainty. |
■ | Market Volatility. The outbreak has also resulted in extreme volatility, severe losses, and disruptions in markets which can adversely impact the Fund and its investments, including impairing hedging activity to the extent a Fund engages in such activity, as expected correlations between related markets or instruments may no longer apply. In addition, to the extent the Fund invests in short-term instruments that have negative yields, the Fund’s value may be impaired as a result. Certain issuers of equity securities have cancelled or announced the suspension of dividends. The outbreak has, and may continue to, negatively affect the credit ratings of some fixed income securities and their issuers. |
■ | Market Closures. Certain local markets have been or may be subject to closures, and there can be no assurance that trading will continue in any local markets in which the Fund may invest, when any resumption of trading will occur or, once such markets resume trading, whether they will face further closures. Any suspension of trading in markets in which the Fund invests will have an impact on the Fund and its investments and will impact the Fund’s ability to purchase or sell securities in such markets. |
■ | Operational Risk. The outbreak could also impair the information technology and other operational systems upon which the Fund’s service providers, including BFA, rely, and could otherwise disrupt the ability of employees of the Fund’s service |
providers to perform critical tasks relating to the Fund, for example, due to the service providers’ employees performing tasks in alternate locations than under normal operating conditions or the illness of certain employees of the Fund’s service providers. | |
■ | Governmental Interventions. Governmental and quasi-governmental authorities and regulators throughout the world have responded to the outbreak and the resulting economic disruptions with a variety of fiscal and monetary policy changes, including direct capital infusions into companies and other issuers, new monetary policy tools, and lower interest rates. An unexpected or sudden reversal of these policies, or the ineffectiveness of such policies, is likely to increase market volatility, which could adversely affect the Fund’s investments. |
■ | Pre-Existing Conditions. Public health crises caused by the outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally, which could adversely affect the Fund and its investments and could result in increased premiums or discounts to the Fund's NAV. |
iShares Floating Rate Bond ETF | |||||||||
Year Ended 10/31/20 |
Year Ended 10/31/19 |
Year Ended 10/31/18 |
Year Ended 10/31/17 |
Year Ended 10/31/16 | |||||
Net asset value, beginning of year |
$50.98 | $50.93 | $50.93 | $50.72 | $50.43 | ||||
Net investment income (a) |
0.83 | 1.44 | 1.19 | 0.73 | 0.45 | ||||
Net realized and unrealized gain (loss) (b) |
(0.24) | 0.08 | (0.13) | 0.19 | 0.24 | ||||
Net increase from investment operations | 0.59 | 1.52 | 1.06 | 0.92 | 0.69 | ||||
Distributions (c) |
|||||||||
From net investment income | (0.87) | (1.47) | (1.06) | (0.71) | (0.40) | ||||
Total distributions | (0.87) | (1.47) | (1.06) | (0.71) | (0.40) | ||||
Net asset value, end of year |
$50.70 | $50.98 | $50.93 | $50.93 | $50.72 | ||||
Total Return |
|||||||||
Based on net asset value | 1.19% | 3.02% | 2.11% | 1.82% | 1.39% | ||||
Ratios to Average Net Assets |
|||||||||
Total expenses | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | ||||
Net investment income | 1.64% | 2.84% | 2.33% | 1.43% | 0.89% | ||||
Supplemental Data |
|||||||||
Net assets, end of year (000) | $5,592,224 | $9,940,510 | $11,832,089 | $6,544,454 | $3,185,003 | ||||
Portfolio turnover rate (d) |
29% | 23% | 17% | 21% | 26% | ||||
(a) Based on average shares outstanding. | |||||||||
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||||||||
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||||||
(d) Portfolio turnover rate excludes in-kind transactions. |
Call: | 1-800-iShares or 1-800-474-2737 (toll free) Monday through Friday, 8:30 a.m. to 6:30 p.m. (Eastern time) |
Email: | iSharesETFs@blackrock.com |
Write: | c/o BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |
March 1, 2021 | |
(as revised October 20, 2021) |
2021 Prospectus |
• | iShares GNMA Bond ETF | GNMA | NASDAQ |
(ongoing expenses that you pay each year as a percentage of the value of your investments) 1 | ||||||||||||
Management Fees |
Distribution and Service (12b-1) Fees |
Other Expenses |
Acquired Fund Fees and Expenses |
Total Annual Fund Operating Expenses |
Fee Waiver |
Total Annual Fund Operating Expenses After Fee Waiver | ||||||
( |
1 |
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
One Year |
Five Years |
Since Fund Inception | |||
(Inception Date: |
|||||
Return Before Taxes | |||||
Return After Taxes on Distributions 1 |
|||||
Return After Taxes on Distributions and Sale of Fund Shares 1 |
|||||
Bloomberg U.S. GNMA Bond Index (Index returns do not reflect deductions for fees, expenses, or taxes) |
1 |
■ | General Impact. This outbreak has resulted in travel restrictions, closed international borders, enhanced health screenings at ports of entry and elsewhere, disruption of and delays in healthcare service preparation and delivery, prolonged quarantines, cancellations, supply chain disruptions, lower consumer demand, temporary and permanent closures of stores, restaurants and other commercial establishments, layoffs, defaults and other significant economic impacts, as well as general concern and uncertainty. |
■ | Market Volatility. The outbreak has also resulted in extreme volatility, severe losses, and disruptions in markets which can adversely impact the Fund and its investments, including impairing hedging activity to the extent a Fund engages in such activity, as expected correlations between related markets or instruments may no longer apply. In addition, to the extent the Fund invests in short-term instruments that have negative yields, the Fund’s value may be impaired as a result. Certain issuers of equity securities have cancelled or announced the suspension of dividends. The outbreak has, and may continue to, negatively affect the credit ratings of some fixed income securities and their issuers. |
■ | Market Closures. Certain local markets have been or may be subject to closures, and there can be no assurance that trading will continue in any local markets in which the Fund may invest, when any resumption of trading will occur or, once such markets resume trading, whether they will face further closures. Any suspension of trading in markets in which the Fund invests will have an impact on the Fund and its investments and will impact the Fund’s ability to purchase or sell securities in such markets. |
■ | Operational Risk. The outbreak could also impair the information technology and other operational systems upon which the Fund’s service providers, including BFA, rely, and could otherwise disrupt the ability of employees of the Fund’s service providers to perform critical tasks relating to the Fund, for example, due to the |
service providers’ employees performing tasks in alternate locations than under normal operating conditions or the illness of certain employees of the Fund’s service providers. | |
■ | Governmental Interventions. Governmental and quasi-governmental authorities and regulators throughout the world have responded to the outbreak and the resulting economic disruptions with a variety of fiscal and monetary policy changes, including direct capital infusions into companies and other issuers, new monetary policy tools, and lower interest rates. An unexpected or sudden reversal of these policies, or the ineffectiveness of such policies, is likely to increase market volatility, which could adversely affect the Fund’s investments. |
■ | Pre-Existing Conditions. Public health crises caused by the outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally, which could adversely affect the Fund and its investments and could result in increased premiums or discounts to the Fund's NAV. |
iShares GNMA Bond ETF | |||||||||
Year Ended 10/31/20 |
Year Ended 10/31/19 |
Year Ended 10/31/18 |
Year Ended 10/31/17 |
Year Ended 10/31/16 | |||||
Net asset value, beginning of year |
$50.35 | $47.67 | $49.74 | $50.83 | $50.26 | ||||
Net investment income (a) |
0.77 | 1.34 | 1.12 | 0.80 | 0.53 | ||||
Net realized and unrealized gain (loss) (b) |
0.82 | 2.69 | (2.05) | (0.72) | 0.83 | ||||
Net increase (decrease) from investment operations | 1.59 | 4.03 | (0.93) | 0.08 | 1.36 | ||||
Distributions (c) |
|||||||||
From net investment income | (0.82) | (1.35) | (1.14) | (0.79) | (0.54) | ||||
From net realized gain | — | — | — | (0.26) | (0.25) | ||||
Return of capital | (0.19) | — | (0.00) (d) |
(0.12) | — | ||||
Total distributions | (1.01) | (1.35) | (1.14) | (1.17) | (0.79) | ||||
Net asset value, end of year |
$50.93 | $50.35 | $47.67 | $49.74 | $50.83 | ||||
Total Return |
|||||||||
Based on net asset value | 3.18% | 8.55% | (1.90)% | 0.18% | 2.71% | ||||
Ratios to Average Net Assets |
|||||||||
Total expenses | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | ||||
Total expenses after fees waived | 0.12% | 0.13% | 0.12% | 0.12% | 0.10% | ||||
Net investment income | 1.51% | 2.71% | 2.31% | 1.60% | 1.05% | ||||
Supplemental Data |
|||||||||
Net assets, end of year (000) | $481,283 | $178,753 | $102,483 | $126,827 | $175,375 | ||||
Portfolio turnover rate (e)(f) |
699% | 529% | 834% | 917% | 1,233% | ||||
(a) Based on average shares outstanding. | |||||||||
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||||||||
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||||||
(d) Rounds to less than $0.01. | |||||||||
(e) Portfolio turnover rate excludes in-kind transactions. | |||||||||
(f) Portfolio turnover rate includes to-be-announced (TBA) transactions. |
Call: | 1-800-iShares or 1-800-474-2737 (toll free) Monday through Friday, 8:30 a.m. to 6:30 p.m. (Eastern time) |
Email: | iSharesETFs@blackrock.com |
Write: | c/o BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |
July 30, 2021 | |
(as revised October 20, 2021) |
2021 Prospectus |
• | iShares U.S. Infrastructure ETF | IFRA | CBOE BZX |
(ongoing expenses that you pay each year as a percentage of the value of your investments) 1 | ||||||
Management Fees |
Distribution and Service (12b-1) Fees |
Other Expenses 2 |
Total Annual Fund Operating Expenses | |||
1 |
2 |
The amount rounded to 0.00%. |
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
1 |
One Year |
Since Inception | ||
(Inception Date: |
|||
Return Before Taxes | |||
Return After Taxes on Distributions 1 |
|||
Return After Taxes on Distributions and Sale of Fund Shares 1 |
|||
NYSE ® FactSet U.S. Infrastructure Index TM (Index returns do not reflect deductions for fees, expenses, or taxes) |
1 |
■ | General Impact. This outbreak has resulted in travel restrictions, closed international borders, enhanced health screenings at ports of entry and elsewhere, disruption of, and delays in, healthcare service preparation and delivery, prolonged quarantines, cancellations, supply chain disruptions, lower consumer demand, temporary and permanent closures of stores, restaurants and other commercial establishments, layoffs, defaults and other significant economic impacts, as well as general concern and uncertainty. |
■ | Market Volatility. The outbreak has also resulted in extreme volatility, severe losses, and disruptions in markets which can adversely impact the Fund and its investments, including impairing hedging activity to the extent a Fund engages in such activity, as expected correlations between related markets or instruments may no longer apply. In addition, to the extent the Fund invests in short-term instruments that have negative yields, the Fund’s value may be impaired as a result. Certain issuers of equity securities have cancelled or announced the suspension of dividends. The outbreak has, and may continue to, negatively affect the credit ratings of some fixed-income securities and their issuers. |
■ | Market Closures. Certain local markets have been or may be subject to closures, |
■ | Operational Risk. The outbreak could also impair the information technology and other operational systems upon which the Fund’s service providers, including BFA, rely, and could otherwise disrupt the ability of employees of the Fund’s service providers to perform critical tasks relating to the Fund, for example, due to the service providers’ employees performing tasks in alternate locations than under normal operating conditions or the illness of certain employees of the Fund’s service providers. |
■ | Governmental Interventions. Governmental and quasi-governmental authorities and regulators throughout the world have responded to the outbreak and the resulting economic disruptions with a variety of fiscal and monetary policy changes, including direct capital infusions into companies and other issuers, new monetary policy tools, and lower interest rates. An unexpected or sudden reversal of these policies, or the ineffectiveness of such policies, is likely to increase market volatility, which could adversely affect the Fund’s investments. |
■ | Pre-Existing Conditions. Public health crises caused by the outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally, which could adversely affect the Fund and its investments and could result in increased premiums or discounts to the Fund's NAV. |
iShares U.S. Infrastructure ETF | |||||
Year Ended 03/31/21 |
Year Ended 03/31/20 |
Period From 04/03/18 (a) to 03/31/19 | |||
Net asset value, beginning of period |
$20.27 | $26.31 | $25.31 | ||
Net investment income (b) |
0.77 | 0.49 | 0.43 | ||
Net realized and unrealized gain (loss) (c) |
14.10 | (6.00) | 1.24 | ||
Net increase (decrease) from investment operations | 14.87 | (5.51) | 1.67 | ||
Distributions (d) |
|||||
From net investment income | (0.58) | (0.47) | (0.34) | ||
From net realized gain | — | — | (0.33) | ||
Return of capital | — | (0.06) | (0.00) (e) | ||
Total distributions | (0.58) | (0.53) | (0.67) | ||
Net asset value, end of period |
$34.56 | $20.27 | $26.31 | ||
Total Return |
|||||
Based on net asset value | 74.11% | (21.26)% | 6.78% (f) | ||
Ratios to Average Net Assets |
|||||
Total expenses | 0.40% | 0.40% | 0.40% (g) | ||
Net investment income | 2.54% | 1.84% | 1.67% (g) | ||
Supplemental Data |
|||||
Net assets, end of period (000) | $369,805 | $5,068 | $5,262 | ||
Portfolio turnover rate (h) |
65% | 23% | 43% (f) | ||
(a) Commencement of operations. | |||||
(b) Based on average shares outstanding. | |||||
(c) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||||
(d) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||
(e) Rounds to less than $0.01. | |||||
(f) Not annualized. | |||||
(g) Annualized. | |||||
(h) Portfolio turnover rate excludes in-kind transactions. |
Call: | 1-800-iShares or 1-800-474-2737 (toll free) Monday through Friday, 8:30 a.m. to 6:30 p.m. (Eastern time) |
Email: | iSharesETFs@blackrock.com |
Write: | c/o BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |
June 29, 2021 | |
(as revised October 20, 2021) |
2021 Prospectus |
• | iShares Short Treasury Bond ETF | SHV | NASDAQ |
(ongoing expenses that you pay each year as a percentage of the value of your investments) 1 | ||||||||||||
Management Fees |
Distribution and Service (12b-1) Fees |
Other Expenses 2 |
Acquired Fund Fees and Expenses |
Total Annual Fund Operating Expenses |
Fee Waiver |
Total Annual Fund Operating Expenses After Fee Waiver | ||||||
( |
1 |
|
2 |
The amount rounded to 0.00%. |
1 Year |
3 Years |
5 Years |
10 Years | |||
$ |
$ |
$ |
$ |
1 |
One Year |
Five Years |
Ten Years | |||
(Inception Date: |
|||||
Return Before Taxes | |||||
Return After Taxes on Distributions 1 |
|||||
Return After Taxes on Distributions and Sale of Fund Shares 1 |
|||||
ICE Short US Treasury Securities Index (Index returns do not reflect deductions for fees, expenses, or taxes) 2 |
1 |
2 |
Index returns through June 30, 2016 reflect the performance of the Bloomberg Barclays U.S. Short Treasury Bond Index. Index returns beginning on July 1, 2016 through April 30, 2020 reflect the performance of the ICE U.S. Treasury Short Bond Index. Index returns beginning on May 1, 2020 reflect the performance of the ICE Short US Treasury Securities Index. |
■ | General Impact. This outbreak has resulted in travel restrictions, closed international borders, enhanced health screenings at ports of entry and elsewhere, disruption of, and delays in, healthcare service preparation and delivery, prolonged quarantines, cancellations, supply chain disruptions, lower consumer demand, temporary and permanent closures of stores, restaurants and other commercial establishments, layoffs, defaults and other significant economic impacts, as well as general concern and uncertainty. |
■ | Market Volatility. The outbreak has also resulted in extreme volatility, severe losses, and disruptions in markets which can adversely impact the Fund and its investments, including impairing hedging activity to the extent a Fund engages in such activity, as expected correlations between related markets or instruments may no longer apply. In addition, to the extent the Fund invests in short-term instruments that have negative yields, the Fund’s value may be impaired as a result. Certain issuers of equity securities have cancelled or announced the suspension of dividends. The outbreak has, and may continue to, negatively affect the credit ratings of some fixed-income securities and their issuers. |
■ | Market Closures. Certain local markets have been or may be subject to closures, and there can be no assurance that trading will continue in any local markets in which the Fund may invest, when any resumption of trading will occur or, once such markets resume trading, whether they will face further closures. Any suspension of trading in markets in which the Fund invests will have an impact on the Fund and its investments and will impact the Fund’s ability to purchase or sell securities in such markets. |
■ | Operational Risk. The outbreak could also impair the information technology and other operational systems upon which the Fund’s service providers, including BFA, rely, and could otherwise disrupt the ability of employees of the Fund’s service providers to perform critical tasks relating to the Fund, for example, due to the service providers’ employees performing tasks in alternate locations than under normal operating conditions or the illness of certain employees of the Fund’s service providers. |
■ | Governmental Interventions. Governmental and quasi-governmental authorities and regulators throughout the world have responded to the outbreak and the resulting economic disruptions with a variety of fiscal and monetary policy changes, including direct capital infusions into companies and other issuers, new monetary policy tools, and lower interest rates. An unexpected or sudden reversal of these policies, or the ineffectiveness of such policies, is likely to increase market volatility, which could adversely affect the Fund’s investments. |
■ | Pre-Existing Conditions. Public health crises caused by the outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally, |
which could adversely affect the Fund and its investments and could result in increased premiums or discounts to the Fund's NAV. |
iShares Short Treasury Bond ETF | |||||||||
Year Ended 02/28/21 |
Year Ended 02/29/20 |
Year Ended 02/28/19 |
Year Ended 02/28/18 |
Year Ended 02/28/17 | |||||
Net asset value, beginning of year |
$110.68 | $110.52 | $110.29 | $110.36 | $110.29 | ||||
Net investment income (a) |
0.40 | 2.28 | 2.16 | 1.01 | 0.42 | ||||
Net realized and unrealized gain (loss) (b) |
0.10 | 0.25 | 0.01 | (0.22) | 0.05 | ||||
Net increase from investment operations | 0.50 | 2.53 | 2.17 | 0.79 | 0.47 | ||||
Distributions (c) |
|||||||||
From net investment income | (0.50) | (2.37) | (1.94) | (0.86) | (0.40) | ||||
From net realized gain | (0.16) | — | — | — | — | ||||
Total distributions | (0.66) | (2.37) | (1.94) | (0.86) | (0.40) | ||||
Net asset value, end of year |
$110.52 | $110.68 | $110.52 | $110.29 | $110.36 | ||||
Total Return |
|||||||||
Based on net asset value | 0.45% | 2.31% | 1.98% | 0.71% | 0.44% | ||||
Ratios to Average Net Assets |
|||||||||
Total expenses | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | ||||
Net investment income | 0.36% | 2.06% | 1.95% | 0.91% | 0.38% | ||||
Supplemental Data |
|||||||||
Net assets, end of year (000) | $16,193,171 | $20,276,511 | $19,131,299 | $9,506,603 | $4,447,672 | ||||
Portfolio turnover rate (d) |
115% | 42% | 73% | 47% | 78% | ||||
(a) Based on average shares outstanding. | |||||||||
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||||||||
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||||||
(d) Portfolio turnover rate excludes in-kind transactions. |
Call: | 1-800-iShares or 1-800-474-2737 (toll free) Monday through Friday, 8:30 a.m. to 6:30 p.m. (Eastern time) |
Email: | iSharesETFs@blackrock.com |
Write: | c/o BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |
Fund | Ticker | Listing Exchange | ||
iShares Core Conservative Allocation ETF | AOK | NYSE Arca | ||
iShares Core Moderate Allocation ETF | AOM | NYSE Arca | ||
iShares Core Growth Allocation ETF | AOR | NYSE Arca | ||
iShares Core Aggressive Allocation ETF | AOA | NYSE Arca |
• | iShares Core Conservative Allocation ETF |
• | iShares Core Moderate Allocation ETF |
• | iShares Core Growth Allocation ETF |
• | iShares Core Aggressive Allocation ETF |
• | High yield bonds may be issued by less creditworthy issuers. These securities are vulnerable to adverse changes in the issuer’s industry or to general economic conditions. Issuers of high yield bonds may be unable to meet their interest or principal payment obligations because of an economic downturn, specific issuer developments or the unavailability of additional financing. |
• | The issuers of high yield bonds may have a larger amount of outstanding debt relative to their assets than issuers of investment grade bonds. If the issuer experiences financial stress, it may be unable to meet its debt obligations. The issuer’s ability to pay its debt obligations also may be lessened by specific issuer developments, or the unavailability of additional financing. Issuers of high yield securities are often in the growth stage of their development and/or involved in a reorganization or takeover. |
• | High yield bonds are frequently ranked junior to claims by other creditors. If the issuer cannot meet its obligations, the senior obligations are generally paid off before the junior obligations, which will potentially limit an Underlying Fund’s ability to fully recover principal, to receive interest payments when senior securities are in default or to receive restructuring benefits paid to holders of more senior classes of debt. Thus, investors in high yield securities frequently have a lower degree of protection with respect to principal and interest payments than do investors in higher rated securities. |
• | High yield bonds frequently have redemption features that permit an issuer to repurchase the security from an Underlying Fund before it matures. If an issuer redeems the high yield bonds, an Underlying Fund may have to invest the proceeds in bonds with lower yields and may lose income. |
• | Prices of high yield bonds are subject to extreme fluctuations. Negative economic developments may have a greater impact on the prices of high yield bonds than on those of other higher rated fixed-income securities. |
• | Under certain economic and/or market conditions, an Underlying Fund may have difficulty disposing of certain high yield securities due to the limited number of investors in that sector of the market. There are fewer dealers in the high yield bond market, and there may be significant differences in the prices quoted for high yield bonds by dealers, and such quotations may not be the actual prices available for a purchase or sale. Judgment may play a greater role in the prices and values generated for such securities than in the case of securities trading in a more liquid market. |
• | The secondary markets for high yield securities are not as liquid as the secondary markets for higher rated securities. The secondary markets for high yield securities are concentrated in relatively few market makers and, participants in the markets are mostly institutional investors, including insurance companies, banks, other financial institutions and mutual funds. In addition, the trading volume for high yield securities is generally lower than that for higher rated securities and the secondary markets could contract under adverse market or economic conditions independent of any specific adverse changes in the condition of a particular issuer. Under certain economic and/or market conditions, an Underlying Fund may have difficulty disposing of certain high yield securities due to the limited number of investors in that sector of the market. An illiquid secondary market may adversely affect the |
market price of the high yield security, which may result in increased difficulty selling the particular issue and obtaining accurate market quotations on the issue when valuing an Underlying Fund's assets. Market quotations on high yield securities are available only from a limited number of dealers, and such quotations may not be the actual prices available for a purchase or sale. When the secondary market for high yield securities becomes more illiquid, or in the absence of readily available market quotations for such securities, the relative lack of reliable objective data makes it more difficult to value such securities, and judgment plays a more important role in determining such valuations. | |
• | An Underlying Fund may incur expenses to the extent necessary to seek recovery upon default or to negotiate new terms with a defaulting issuer. |
• | The high yield bond markets may react strongly to adverse news about an issuer or the economy, or to the perception or expectation of adverse news, whether or not it is based on fundamental analysis. Additionally, prices for high yield securities may be affected by legislative and regulatory developments. These developments could adversely affect an Underlying Fund’s NAV and investment practices, the secondary market for high yield securities, the financial condition of issuers of these securities and the value and liquidity of outstanding high yield securities, especially in a thinly traded market. For example, federal legislation requiring the divestiture by federally insured savings and loan associations of their investments in high yield bonds and limiting the deductibility of interest by certain corporate issuers of high yield bonds adversely affected the market in the past. |
• | Communications of Data Files: A Fund may make available through the facilities of the National Securities Clearing Corporation (“NSCC”) or through posting on the www.iShares.com, prior to the opening of trading on each business day, a list of a Fund’s holdings (generally pro-rata) that Authorized Participants could deliver to a Fund to settle purchases of a Fund (i.e. Deposit Securities) or that Authorized Participants would receive from a Fund to settle redemptions of a Fund (i.e. Fund Securities). These files are known as the Portfolio Composition File and the Fund Data File (collectively, “Files”). The Files are applicable for the next trading day and are provided to the NSCC and/or posted on www.iShares.com after the close of markets in the U.S. |
• | Communications with Authorized Participants and Liquidity Providers: Certain employees of BFA are responsible for interacting with Authorized Participants and liquidity providers with respect to discussing custom basket proposals as described in the Custom Baskets section of this SAI. As part of these discussions, these employees may discuss with an Authorized Participant or liquidity provider the securities a Fund is willing to accept for a creation, and securities that a Fund will provide on a redemption. |
• | Communications with Listing Exchanges: From time to time, employees of BFA may discuss portfolio holdings information with the applicable primary listing exchange for a Fund as needed to meet the exchange listing standards. |
• | Communications with Other Portfolio Managers: Certain information may be provided to employees of BFA who manage funds that invest a significant percentage of their assets in shares of an underlying fund as necessary to manage the fund’s investment objective and strategy. |
• | Communication of Other Information: Certain explanatory information regarding the Files is released to Authorized Participants and liquidity providers on a daily basis, but is only done so after the Files are posted to www.iShares.com. |
• | Third-Party Service Providers: Certain portfolio holdings information may be disclosed to Fund Trustees and their counsel, outside counsel for the Funds, auditors and to certain third-party service providers (i.e., fund administrator, custodian, proxy voting service) for which a non-disclosure, confidentiality agreement or other obligation is in place with such service providers, as may be necessary to conduct business in the ordinary course in a manner consistent with |
applicable policies, agreements with the Funds, the terms of the current registration statements and federal securities laws and regulations thereunder. | |
• | Liquidity Metrics: “Liquidity Metrics,” which seek to ascertain a Fund’s liquidity profile under BlackRock’s global liquidity risk methodology, include but are not limited to: (a) disclosure regarding the number of days needed to liquidate a portfolio or the portfolio’s underlying investments; and (b) the percentage of a Fund’s NAV invested in a particular liquidity tier under BlackRock’s global liquidity risk methodology. The dissemination of position-level liquidity metrics data and any non-public regulatory data pursuant to the Liquidity Rule (including SEC liquidity tiering) is not permitted unless pre-approved. Disclosure of portfolio-level liquidity metrics prior to 60 calendar days after calendar quarter-end requires a non-disclosure or confidentiality agreement and approval of the Trust’s Chief Compliance Officer. Portfolio-level liquidity metrics disclosure subsequent to 60 calendar days after calendar quarter-end requires the approval of portfolio management and must be disclosed to all parties requesting the information if disclosed to any party. |
1. | The equity and fixed-income weights are pre-determined for each index as indicated in the table below. |
Allocation to Equity and Fixed Income | ||||
Index | Equity | Fixed Income | ||
Conservative | 30% | 70% | ||
Moderate | 40% | 60% | ||
Growth | 60% | 40% | ||
Aggressive | 80% | 20% |
2. | The determination of the weights of the instruments representing the various asset classes is done based on a review of |
the relative market capitalization of certain benchmark indices as of the rebalancing reference date. These indices are represented in the table below. | |
Asset Class | Reference Index | Target Risk Index Constituent | ||
Equity | S&P 500® | iShares Core S&P 500 ETF | ||
Equity | S&P MidCap 400® | iShares Core S&P Mid-Cap ETF | ||
Equity | S&P SmallCap 600® | iShares Core S&P Small-Cap ETF | ||
Equity | S&P Emerging BMI* | iShares Core MSCI Emerging Markets ETF | ||
Equity | S&P Developed Ex-U.S. BMI | iShares Core MSCI International Developed Markets ETF | ||
Fixed Income | Bloomberg Barclays Global Aggregate ex USD 10% Issuer Capped (Hedged) Index | iShares Core International Aggregate Bond ETF | ||
Fixed Income | Bloomberg Barclays U.S. Universal Index | iShares Core Total USD Bond Market ETF |
* | U.S. dollar version |
a. | The float-adjusted market capitalization of the U.S. dollar versions of the S&P Developed BMI and S&P Emerging BMI are used to determine the relative weighting of the developed and emerging market allocations to the equity sleeve of each index. |
b. | Within developed markets, the relative weighting of the U.S. markets is determined based on the relative proportions of the float-adjusted market capitalization of the U.S. dollar versions of the S&P United States BMI and the S&P Developed Ex-U.S. BMI within the S&P Developed BMI. |
c. | The weight of the U.S. market determined in step (b) is split among the capitalization sizes (large, mid, and small) in relative proportion of the float-adjusted market capitalization of the S&P 500, S&P MidCap 400, and S&P SmallCap 600. |
d. | Finally, 85% of the total fixed income allocation within each index is allocated to the iShares Core Total USD Bond Market ETF with the remaining 15% allocated to the iShares Core International Aggregate Bond ETF. |
Asset Class | iShares ETF | |
International Aggregate Bonds | iShares Core International Aggregate Bond ETF | |
Emerging Markets | iShares Core MSCI Emerging Markets ETF | |
Developed Markets | iShares Core MSCI International Developed Markets ETF | |
U.S. Large-Cap | iShares Core S&P 500 ETF | |
U.S. Mid-Cap | iShares Core S&P Mid-Cap ETF | |
U.S. Small-Cap | iShares Core S&P Small-Cap ETF | |
Broad Market | iShares Core Total USD Bond Market ETF |
1. | Purchase the securities of issuers conducting their principal business activity in the same industry if, immediately after the purchase and as a result thereof, the value of a Fund’s investments in that industry would equal or exceed 25% of the current value of a Fund’s total assets, provided that this restriction does not limit a Fund’s: (i) investments in securities of other investment companies, (ii) investments in securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, or (iii) investments in repurchase agreements collateralized by U.S. government securities. |
2. | Purchase the securities of any single issuer if, as a result, with respect to 75% of a Fund's total assets, more than 5% of the value of its total assets would be invested in the securities of such issuer or a Fund's ownership would be more than 10% of the outstanding voting securities of such issuer, provided that this restriction does not limit a Fund’s cash or cash items, investments in securities issued or guaranteed by the U.S. government, its agencies and instrumentalities, or investments in securities of other investment companies. |
3. | Borrow money, except that (i) each Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of |
securities, and (ii) each Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), each Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. | |
4. | Issue any senior security, except as permitted under the 1940 Act, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that each Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
7. | Purchase or sell real estate unless acquired as a result of ownership of securities or other instruments (but this restriction shall not prevent each Fund from investing in securities of companies engaged in the real estate business or securities or other instruments backed by real estate or mortgages), or commodities or commodity contracts (but this restriction shall not prevent each Fund from trading in futures contracts and options on futures contracts, including options on currencies to the extent consistent with each Fund’s investment objective and policies). |
8. | Purchase or sell commodities, provided that (i) currency will not be deemed to be a commodity for purposes of this restriction, (ii) this restriction does not limit the purchase or sale of futures contracts, forward contracts or options, and (iii) this restriction does not limit the purchase or sale of securities or other instruments backed by commodities or the purchase or sale of commodities acquired as a result of ownership of securities or other instruments. |
1. | Each Fund may invest in shares of other open-end management investment companies, subject to the limitations of Section 12(d)(1) of the 1940 Act, including the rules, regulations and exemptive orders obtained thereunder. Other investment companies in which a Fund invests can be expected to charge fees for operating expenses, such as investment advisory and administration fees, that would be in addition to those charged by such Fund; |
2. | Each Fund may not invest more than 15% of its net assets in illiquid securities. For this purpose, illiquid securities include, among others, (i) securities that are illiquid by virtue of the absence of a readily available market or legal or contractual restrictions on resale, (ii) fixed time deposits that are subject to withdrawal penalties and that have maturities of more than seven days, and (iii) repurchase agreements not terminable within seven days; |
3. | Each Fund may lend securities from its portfolio to brokers, dealers and financial institutions, in amounts not to exceed (in the aggregate) one-third of the Fund's total assets. Any such loans of portfolio securities will be fully collateralized based on values that are marked-to-market daily; |
4. | Each Fund may not purchase securities on margin, but each Fund may make margin deposits in connection with transactions in options, forward contracts, futures contracts, including those related to indexes, and options on futures contracts or indexes to the extent permitted under the 1940 Act; and |
5. | In accordance with Rule 35d-1 under the 1940 Act to invest, under normal circumstances, at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in component securities of its Underlying Index. Each Fund also has adopted a policy to provide its shareholders with at least 60 days' prior written notice of any change in such policy. If, subsequent to an investment, the 80% requirement is no longer met, a Fund's future investments will be made in a manner that will bring the Fund into compliance with this policy. |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Robert S. Kapito1 (63) |
Trustee (since 2009). |
President, BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002). | Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Salim Ramji2 (50) |
Trustee (since 2019). | Senior Managing Director, BlackRock, Inc. (since 2014); Global Head of BlackRock’s ETF and Index Investments Business (since 2019); Head of BlackRock’s U.S. Wealth Advisory Business (2015-2019); Global Head of Corporate Strategy, BlackRock, Inc. (2014-2015); Senior Partner, McKinsey & Company (2010-2014). | Director of iShares, Inc. (since 2019); Trustee of iShares U.S. ETF Trust (since 2019). |
1 | Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
2 | Salim Ramji is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Cecilia H. Herbert (71) |
Trustee (since 2005); Independent Board Chair (since 2016). |
Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York's public media company (since 2011) and Member of the Audit Committee (since 2018) and Investment Committee (since 2011); Chair (1994-2005) and Member (since 1992) of the Investment Committee, Archdiocese of San Francisco; Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018); Director (1998-2013) and President (2007-2011) of the Board of Directors, Catholic Charities CYO; Trustee (2002-2011) and Chair of the Finance and Investment Committee (2006-2010) of the Thacher School; Director of the Senior Center of Jackson Hole (since 2020). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares, Inc. and iShares U.S. ETF Trust (since 2016); Trustee of Thrivent Church Loan and Income Fund (since 2019). | |||
Jane D. Carlin (64) |
Trustee (since 2015); Risk Committee Chair (since 2016). |
Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012). | Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016). | |||
Richard L. Fagnani (66) |
Trustee (since 2017); Audit Committee Chair (since 2019). |
Partner, KPMG LLP (2002-2016). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). | |||
John E. Kerrigan (65) |
Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2019). |
Chief Investment Officer, Santa Clara University (since 2002). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Drew E. Lawton (61) |
Trustee (since 2017); 15(c) Committee Chair (since 2017). |
Senior Managing Director of New York Life Insurance Company (2010-2015). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). | |||
John E. Martinez (59) |
Trustee (since 2003); Securities Lending Committee Chair (since 2019). |
Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016). | Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Madhav V. Rajan (56) |
Trustee (since 2011); Fixed Income Plus Committee Chair (since 2019). |
Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016). | Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years | ||
Armando Senra (49) |
President (since 2019). | Managing Director, BlackRock, Inc. (since 2007); Head of U.S., Canada and Latam iShares, BlackRock, Inc. (since 2019); Head of Latin America Region, BlackRock, Inc. (2006-2019); Managing Director, Bank of America Merrill Lynch (1994-2006). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years | ||
Trent Walker (46) |
Treasurer and Chief Financial Officer (since 2020). |
Managing Director of BlackRock, Inc. (since September 2019); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds. | ||
Charles Park (53) |
Chief Compliance Officer (since 2006). | Chief Compliance Officer of BlackRock Advisors, LLC and the BlackRock-advised Funds in the Equity-Bond Complex, the Equity-Liquidity Complex and the Closed-End Complex (since 2014); Chief Compliance Officer of BFA (since 2006). | ||
Deepa Damre Smith (45) |
Secretary (since 2019). | Managing Director, BlackRock, Inc. (since 2014); Director, BlackRock, Inc. (2009-2013). | ||
Scott Radell (51) |
Executive Vice President (since 2012). |
Managing Director, BlackRock, Inc. (since 2009); Head of Portfolio Solutions, BlackRock, Inc. (since 2009). | ||
Alan Mason (60) |
Executive Vice President (since 2016). |
Managing Director, BlackRock, Inc. (since 2009). | ||
Marybeth Leithead (57) |
Executive Vice President (since 2019). |
Managing Director, BlackRock, Inc. (since 2017); Chief Operating Officer of Americas iShares (since 2017); Portfolio Manager, Municipal Institutional & Wealth Management (2009-2016). |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
Robert S. Kapito | None | None | None | |||
Salim Ramji | iShares Commodities Select Strategy ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | $1-$10,000 | |||||
iShares Core S&P 500 ETF | $1-$10,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $1-$10,000 | |||||
iShares Expanded Tech Sector ETF | $1-$10,000 | |||||
iShares Expanded Tech-Software Sector ETF | $1-$10,000 | |||||
iShares MSCI USA ESG Select ETF | $1-$10,000 | |||||
iShares North American Natural Resources ETF | $10,001-$50,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $1-$10,000 | |||||
iShares TIPS Bond ETF | $10,001-$50,000 | |||||
Cecilia H. Herbert | iShares California Muni Bond ETF | Over $100,000 | Over $100,000 | |||
iShares China Large-Cap ETF | $50,001-$100,000 | |||||
iShares Core Dividend Growth ETF | $50,001-$100,000 | |||||
iShares Core MSCI Emerging Markets ETF | $1-$10,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Core MSCI Total International Stock ETF | $10,001-$50,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P U.S. Growth ETF | $50,001-$100,000 | |||||
iShares Core S&P U.S. Value ETF | $50,001-$100,000 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | $10,001-$50,000 | |||||
iShares International Select Dividend ETF | $1-$10,000 | |||||
iShares MSCI EAFE ETF | $1-$10,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares National Muni Bond ETF | $10,001-$50,000 | |||||
iShares Preferred and Income Securities ETF | $10,001-$50,000 | |||||
Jane D. Carlin | iShares 1-3 Year Treasury Bond ETF | $50,001-$100,000 | Over $100,000 | |||
iShares Core MSCI Emerging Markets ETF | $10,001-$50,000 | |||||
iShares Core MSCI Total International Stock ETF | Over $100,000 | |||||
iShares Core S&P Mid-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Small-Cap ETF | Over $100,000 | |||||
iShares Core U.S. Aggregate Bond ETF | Over $100,000 | |||||
iShares MSCI USA Min Vol Factor ETF | $50,001-$100,000 | |||||
iShares Global Tech ETF | $10,001-$50,000 | |||||
iShares MSCI ACWI ETF | Over $100,000 | |||||
iShares MSCI ACWI ex U.S. ETF | $50,001-$100,000 | |||||
iShares MSCI EAFE Small-Cap ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets Small-Cap ETF | $10,001-$50,000 | |||||
iShares Select Dividend ETF | $10,001-$50,000 | |||||
iShares Ultra Short-Term Bond ETF | Over $100,000 | |||||
Richard L. Fagnani | iShares Core MSCI EAFE ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core S&P 500 ETF | $10,001-$50,000 | |||||
iShares Core S&P Small-Cap ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets Multifactor ETF | $10,001-$50,000 | |||||
iShares MSCI USA Value Factor ETF | $10,001-$50,000 | |||||
iShares Exponential Technologies ETF | $10,001-$50,000 | |||||
iShares Global Clean Energy ETF | $10,001-$50,000 | |||||
iShares MSCI EAFE Value ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets Small-Cap ETF | $10,001-$50,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $10,001-$50,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares S&P Small-Cap 600 Value ETF | $10,001-$50,000 | |||||
iShares Select Dividend ETF | $10,001-$50,000 | |||||
iShares U.S. Financials ETF | $10,001-$50,000 | |||||
John E. Kerrigan | iShares MSCI ACWI ex U.S. ETF | Over $100,000 | Over $100,000 | |||
Drew E. Lawton | iShares 0-5 Year High Yield Corporate Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Core Dividend Growth ETF | $50,001-$100,000 | |||||
iShares Core MSCI Total International Stock ETF | $50,001-$100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | Over $100,000 | |||||
iShares Exponential Technologies ETF | Over $100,000 | |||||
iShares MSCI Frontier 100 ETF | $1-$10,000 | |||||
iShares Nasdaq Biotechnology ETF | $50,001-$100,000 | |||||
iShares Short Maturity Bond ETF | Over $100,000 | |||||
iShares Ultra Short-Term Bond ETF | Over $100,000 | |||||
John E. Martinez | iShares 5-10 Year Investment Grade Corporate Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Core 5-10 Year USD Bond ETF | Over $100,000 | |||||
iShares Core International Aggregate Bond ETF | Over $100,000 | |||||
iShares Global Consumer Staples ETF | Over $100,000 | |||||
iShares Interest Rate Hedged Long-Term Corporate Bond ETF | Over $100,000 | |||||
iShares MSCI EAFE ETF | Over $100,000 | |||||
iShares Russell 1000 ETF | Over $100,000 | |||||
iShares Russell 1000 Value ETF | Over $100,000 | |||||
iShares Russell 2000 ETF | Over $100,000 | |||||
Madhav V. Rajan | iShares 1-5 Year Investment Grade Corporate Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Broad USD High Yield Corporate Bond ETF | Over $100,000 | |||||
iShares Core Dividend Growth ETF | Over $100,000 | |||||
iShares Core High Dividend ETF | Over $100,000 | |||||
iShares Core MSCI EAFE ETF | Over $100,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Mortgage Real Estate ETF | Over $100,000 | |||||
iShares Preferred and Income Securities ETF | Over $100,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Russell 2000 ETF | Over $100,000 | |||||
iShares Select Dividend ETF | Over $100,000 | |||||
iShares Short Maturity Bond ETF | Over $100,000 | |||||
iShares Ultra Short-Term Bond ETF | Over $100,000 |
Name | iShares Core Conservative Allocation ETF |
iShares Core Moderate Allocation ETF |
iShares Core Growth Allocation ETF |
iShares Core Aggressive Allocation ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $260 | $442 | $515 | $387 | ||||
Richard L. Fagnani | 280 | 476 | 554 | 416 | ||||
Cecilia H. Herbert | 301 | 512 | 596 | 448 | ||||
John E. Kerrigan | 281 | 478 | 557 | 419 | ||||
Drew E. Lawton | 270 | 459 | 534 | 402 | ||||
John E. Martinez | 265 | 451 | 525 | 394 | ||||
Madhav V. Rajan | 265 | 451 | 525 | 394 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji1 | 0 | 0 | 0 | 0 | ||||
Mark K. Wiedman2 | 0 | 0 | 0 | 0 |
Name | Pension or Retirement Benefits Accrued As Part of Trust Expenses3 |
Estimated Annual Benefits Upon Retirement3 |
Total Compensation From the Funds and Fund Complex4 | |||
Independent Trustees: | ||||||
Jane D. Carlin | Not Applicable | Not Applicable | $395,000 | |||
Cecilia H. Herbert | Not Applicable | Not Applicable | 450,000 | |||
Richard L. Fagnani | Not Applicable | Not Applicable | 421,764 | |||
John E. Kerrigan | Not Applicable | Not Applicable | 420,000 | |||
Drew E. Lawton | Not Applicable | Not Applicable | 406,764 | |||
John E. Martinez | Not Applicable | Not Applicable | 395,000 | |||
Madhav V. Rajan | Not Applicable | Not Applicable | 395,000 | |||
Interested Trustees: | ||||||
Robert S. Kapito | Not Applicable | Not Applicable | $0 | |||
Salim Ramji1 | Not Applicable | Not Applicable | 0 | |||
Mark K. Wiedman2 | Not Applicable | Not Applicable | 0 |
1 | Appointed to serve as an Interested Trustee effective June 19, 2019. |
2 | Served as an Interested Trustee through June 19, 2019. |
3 | No Trustee or officer is entitled to any pension or retirement benefits from the Trust. |
4 | Also includes compensation for service on the Board of Trustees of iShares U.S. ETF Trust and the Board of Directors of iShares, Inc. |
Fund | Name | Percentage of Ownership | ||
iShares Core Conservative Allocation ETF | TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
22.27% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
17.55% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.45% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
7.24% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
6.51% |
Fund | Name | Percentage of Ownership | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.58% | |||
LPL Financial Corporation 9785 Towne Centre Drive San Diego, CA 92121-1968 |
5.21% | |||
iShares Core Moderate Allocation ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
18.21% | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
12.88% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
10.89% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.71% | |||
JPMorgan Chase Bank 383 Madison Avenue New York, NY 10179 |
6.03% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.34% | |||
iShares Core Growth Allocation ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
18.55% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.28% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
11.14% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.09% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
6.57% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.08% | |||
Fund | Name | Percentage of Ownership | ||
iShares Core Aggressive Allocation ETF | TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
18.96% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.48% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.44% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
8.01% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.07% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.73% | |||
Apex Clearing Corporation One Dallas Center 350 M. St. Paul Suite 1300 Dallas, TX 75201 |
5.92% |
Fund | Management Fee for the Fiscal Year Ended July 31, 2020 |
Fund Inception Date |
Management Fees Paid Net of Waivers for Fiscal Year Ended July 31, 2020 |
Management Fees Paid Net of Waivers for Fiscal Year Ended July 31, 2019 |
Management Fees Paid Net of Waivers for Fiscal Year Ended July 31, 2018 | |||||
iShares Core Conservative Allocation ETF1 | 0.25% | 11/04/08 | $1,158,164 | $928,385 | $835,825 | |||||
iShares Core Moderate Allocation ETF1 | 0.25% | 11/04/08 | 2,241,665 | 1,928,750 | 1,575,921 | |||||
iShares Core Growth Allocation ETF1 | 0.25% | 11/04/08 | 2,639,432 | 2,316,047 | 2,033,123 | |||||
iShares Core Aggressive Allocation ETF1 | 0.25% | 11/04/08 | 1,890,508 | 1,767,618 | 1,496,089 |
1 | Effective October 20, 2021, the management fee for each Fund is 0.15%. Prior to October 20, 2021, the management fee for each Fund was 0.25%. |
Fund | Fees Waived for Fiscal Year Ended July 31, 2020 |
Fees Waived for Fiscal Year Ended July 31, 2019 |
Fees Waived for Fiscal Year Ended July 31, 2018 | |||
iShares Core Conservative Allocation ETF | $376,501 | $303,423 | $322,377 | |||
iShares Core Moderate Allocation ETF | 712,693 | 616,535 | 595,744 | |||
iShares Core Growth Allocation ETF | 803,742 | 711,303 | 755,259 | |||
iShares Core Aggressive Allocation ETF | 550,619 | 520,157 | 537,304 |
Underlying Fund | Advisory Fee | |
iShares Core International Aggregate Bond ETF | 0.09% | |
iShares Core MSCI Emerging Markets ETF | 0.13% | |
iShares Core MSCI International Developed Markets ETF | 0.05% | |
iShares Core S&P 500 ETF | 0.03% | |
iShares Core S&P Mid-Cap ETF | 0.05% | |
iShares Core S&P Small-Cap ETF | 0.06% | |
iShares Core Total USD Bond Market ETF | 0.06% |
Jennifer Hsui | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 321 | $1,298,846,000,000 | ||
Other Pooled Investment Vehicles | 56 | 74,088,000,000 | ||
Other Accounts | 27 | 30,656,000,000 |
Alan Mason | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 329 | $1,304,018,000,000 | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 2 | 753,000,000 |
Greg Savage | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 256 | $1,219,661,000,000 | ||
Other Pooled Investment Vehicles | 30 | 1,832,000,000 | ||
Other Accounts | 61 | 5,819,000,000 |
Amy Whitelaw | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 320 | $1,256,538,000,000 | ||
Other Pooled Investment Vehicles | 89 | 34,588,000,000 | ||
Other Accounts | 3 | 110,000,000 |
Jennifer Hsui | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Alan Mason | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Greg Savage | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Amy Whitelaw | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Fund | Fund Inception Date |
Custody, Administration, Transfer Agency Expenses Paid During Fiscal Year Ended July 31, 2020 |
Custody, Administration, Transfer Agency Expenses Paid During Fiscal Year Ended July 31, 2019 |
Custody, Administration, Transfer Agency Expenses Paid During Fiscal Year Ended July 31, 2018 | ||||
iShares Core Conservative Allocation ETF | 11/04/08 | $19,797 | $18,685 | $13,823 | ||||
iShares Core Moderate Allocation ETF | 11/04/08 | 24,137 | 22,514 | 17,590 | ||||
iShares Core Growth Allocation ETF | 11/04/08 | 25,743 | 23,680 | 19,888 | ||||
iShares Core Aggressive Allocation ETF | 11/04/08 | 22,591 | 21,330 | 16,961 |
Fund | iShares Core Conservative Allocation ETF |
iShares Core Moderate Allocation ETF |
iShares Core Growth Allocation ETF |
iShares Core Aggressive Allocation ETF |
Gross income from securities lending activities |
$141,990 | $267,535 | $402,239 | $149,488 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
20,516 | 27,494 | 50,806 | 19,660 |
Cash collateral management expenses not included in securities lending income paid to BTC |
3,295 | 6,665 | 7,452 | 3,659 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
24,715 | 108,117 | 112,530 | 36,591 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$48,526 | $142,276 | $170,788 | $59,910 |
Fund | iShares Core Conservative Allocation ETF |
iShares Core Moderate Allocation ETF |
iShares Core Growth Allocation ETF |
iShares Core Aggressive Allocation ETF |
Net income from securities lending activities |
$93,464 | $125,259 | $231,451 | $89,578 |
Fund | Fund Inception Date |
Brokerage Commissions Paid During Fiscal Year Ended July 31, 2020 |
Brokerage Commissions Paid During Fiscal Year Ended July 31, 2019 |
Brokerage Commissions Paid During Fiscal Year Ended July 31, 2018 | ||||
iShares Core Conservative Allocation ETF | 11/04/08 | $6,744 | $5,187 | $57,349 | ||||
iShares Core Moderate Allocation ETF | 11/04/08 | 15,135 | 11,472 | 132,686 | ||||
iShares Core Growth Allocation ETF | 11/04/08 | 12,463 | 14,051 | 259,132 | ||||
iShares Core Aggressive Allocation ETF | 11/04/08 | 7,860 | 10,420 | 223,541 |
Fund | Fiscal Year Ended July 31, 2020 | Fiscal Year Ended July 31, 2019 | ||
iShares Core Conservative Allocation ETF | 5% | 3% | ||
iShares Core Moderate Allocation ETF | 6% | 4% | ||
iShares Core Growth Allocation ETF | 4% | 4% | ||
iShares Core Aggressive Allocation ETF | 4% | 4% |
Fund | Shares Per Creation Unit |
Approximate Value Per Creation Unit (U.S.$) | ||
iShares Core Conservative Allocation ETF | 50,000 | $1,880,000 | ||
iShares Core Moderate Allocation ETF | 50,000 | 2,079,000 | ||
iShares Core Growth Allocation ETF | 50,000 | 2,465,000 | ||
iShares Core Aggressive Allocation ETF | 50,000 | 2,969,000 |
Fund | Standard Creation Transaction Fee |
Maximum Additional Charge for Creations* | ||
iShares Core Conservative Allocation ETF | $250 | 3.0% | ||
iShares Core Moderate Allocation ETF | 250 | 3.0% | ||
iShares Core Growth Allocation ETF | 250 | 3.0% | ||
iShares Core Aggressive Allocation ETF | 250 | 3.0% |
* | As a percentage of the net asset value per Creation Unit. |
Fund | Standard Redemption Transaction Fee |
Maximum Additional Charge for Redemptions* | ||
iShares Core Conservative Allocation ETF | $250 | 2.0% | ||
iShares Core Moderate Allocation ETF | 250 | 2.0% | ||
iShares Core Growth Allocation ETF | 250 | 2.0% | ||
iShares Core Aggressive Allocation ETF | 250 | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive of the standard redemption transaction fee. |
Fund | Non-Expiring Capital Loss Carryforward | |
iShares Core Conservative Allocation ETF | $1,401,974 | |
iShares Core Moderate Allocation ETF | 2,208,741 | |
iShares Core Growth Allocation ETF | 4,175,936 | |
iShares Core Aggressive Allocation ETF | 5,175,850 |
• | Capital gains resulting from the sale of Indian securities (including depositary receipts issued by Indian companies) acquired prior to April 1, 2017 will not be subject to tax in India, provided the Subsidiary does not have a Permanent Establishment in India. Capital gains resulting from sale of shares in Indian companies acquired on or after April 1, 2017 will be subject to tax in India as per the domestic tax rates (provided below). |
• | Prior to the Finance Act, 2020, the dividend distributed by a domestic company was subject to dividend distribution tax at an effective rate of 20.56% (inclusive of surcharge and cess), in the hands of such domestic company. Such dividends received by non-resident shareholders are exempt from taxation in India in the hands of such non-resident shareholders. However, the Finance Act, 2020 amended the IT Act to abolish the dividend distribution tax regime. |
• | Under the amended IT Act, the dividend income would be subject to tax directly from the shareholder and no tax is required to be paid by the domestic company distributing dividends. Dividend income earned by a non-resident would be subject to tax at the rate of 21.84% under the IT Act. |
• | The Subsidiary, being a resident of Mauritius, may claim the benefit of the DTAA. As per the DTAA, dividend income received by the Subsidiary from an Indian company would be taxed at the rate of 5%, provided the Subsidiary directly holds at least 10% of the capital of such company. Otherwise such dividend income would be subject to tax at the rate of 15%. Further, the distribution of dividends would also be subject to withholding tax and the domestic company distributing dividends to the Subsidiary would be required to withhold tax at the aforementioned rates; and |
• | Interest paid to the Subsidiary in respect of the debt obligations of Indian issuers will be subject to Indian income tax. The tax rate, in the case of rupee-denominated debt obligations, is 43.68%. However if the Subsidiary is a SEBI registered FPI, interest income earned from June 1, 2013 to June 30, 2023 on rupee-denominated bonds of Indian companies and Government securities, will be subject to tax at the rate of 5.46%, provided that the rate of interest does not exceed the prescribed rates. In the case of foreign currency-denominated debt obligations, the tax rate is 21.84%. For approved foreign currency loans advanced from July 1, 2012 to June 30, 2023, the tax rate on interest is 5.46% and for approved foreign currency long-term bonds issued from October 1, 2014 to June 30, 2023, the tax rate on interest is 5.46%. As per the IT Act the withholding tax rate on rupee-denominated bonds issued before July 1, 2023 to 5.46%. However, the Subsidiary may claim the benefit of the provisions of the DTAA to the extent they are more beneficial. DTAA provides for a withholding rate of 7.5% on the interest payments made on or after April 1, 2017. |
• | Long-term capital gains (being gains on sale of shares held for a period of more than twelve months) listed on a recognized stock exchange would be taxable in India at rate of 10.92%, provided Securities Transaction Tax (“STT”) has been paid, both on acquisition and sale (subject to certain transactions to which the provisions of applicability of payment of STT upon acquisition shall not be applicable) of such shares. Capital gains tax would be calculated on gains exceeding INR 0.1 million (without any indexation and foreign exchange fluctuation benefits). It may also be noted that any capital gains arising up to January 31, 2018 have been grandfathered; |
• | Short-term capital gains (being gains on sale of shares held for a period of twelve months or less) from the sale of Indian shares listed on a recognized stock exchange will be taxed at the rate of 16.38% provided STT has been paid on the same; |
• | Long-term capital gains (being gains on sale of shares held for a period of more than 24 months) arising to the Subsidiary from the sale of unlisted securities will be taxed at the rate of 10.92% (without indexation) and short-term capital gains (being gains on sale of shares held for a period of 24 months or less) will be taxed at the rate of 43.68%;* |
• | Capital gains realized on sale of listed equity shares not executed on a recognized stock exchange in India would be taxed at the rate of 10.92% for long-term gains (being gains on sale of shares held for a period of more than 12 months) and at 43.68% in the case of short-term gains (being gains on sale of shares held for a period of 12 months or less);* and |
• | Capital gains arising from the transfer of depositary receipts outside India between non-resident investors will not be subject to tax in India. These rates are subject to the beneficial provisions of the DTAA. |
* | However, as the Subsidiary is a SEBI registered FPI, the rates will be 10.92% and 32.76%, respectively. |
• | 0.1% payable by the buyer and 0.1% by the seller on the value of transactions of delivery based transfer of an equity share in an Indian company entered in a recognized stock exchange; |
• | 0.001% on the value of transactions of delivery based sale of a unit of an equity oriented mutual fund entered in a recognized stock exchange, payable by the seller; |
• | 0.025% on the value of transactions of non-delivery based sale of an equity share in an Indian company or a unit of an equity oriented mutual fund, entered in a recognized stock exchange payable by the seller; |
• | 0.05% on the value of transactions of derivatives being options, entered in a recognized stock exchange. STT is to be paid by the seller; |
• | 0.01% on the value of transactions of sale of derivatives being futures, entered in a recognized stock exchange. STT is to be paid by the seller; |
• | 0.001% on the value of transactions of sale of units of an equity-oriented fund to the Mutual Fund, payable by the seller in accordance with the Finance Act, 2013; |
• | 0.125% on the value of transactions of sale of derivatives being options, where the option is exercised, entered in a recognized stock exchange. STT is to be paid by buyer; |
• | 0.2% on the value of transactions of the sale of unlisted shares by existing shareholders in an initial public offer. |
• | With respect to a foreign entity that holds the Indian assets directly, if the transferor of share or interest in such a foreign entity (along with its associated enterprises), at any time in the twelve months preceding the year of transfer |
neither holds the right of control or management in the foreign entity, nor holds voting power or share capital or interest exceeding 5% of the total voting power or total share capital or total interest in such foreign entity. | |
• | With respect to a foreign entity that holds the Indian assets indirectly, if the transferor of share or interest in such foreign entity (along with its associated enterprises), at any time in the twelve months preceding the year of transfer does not hold the right of control or management in relation to the foreign entity, which would entitle them to the right of control or management in the foreign entity which directly holds the Indian assets; or does not hold voting power or share capital or interest exceeding 5% of the total voting power or total share capital or total interest in the foreign entity, which results in holding the same share capital or voting power in the entity which directly holds the Indian assets. |
• | any arrangement where the aggregate tax benefit to all the parties of the arrangement in the relevant financial year does not exceed INR 30 Million; |
• | FIIs that choose not to take any benefit under any tax treaty entered with India and have invested in listed or unlisted securities with prior permission of the competent authority in accordance with the applicable regulations; |
• | non-resident investor in an FII who has invested in an FII, directly or indirectly, by way of an offshore derivative instrument or otherwise; or |
• | any income derived from the transfer of shares or interests made prior to April 1, 2017. |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure, mergers, asset sales and other special transactions |
• | Compensation and benefits |
• | Environmental and social issues |
• | General corporate governance matters and shareholder protections |
• | establishing an appropriate corporate governance structure |
• | supporting and overseeing management in setting long -term strategic goals, applicable measures of value-creation and milestones that will demonstrate progress, and steps taken if any obstacles are anticipated or incurred |
• | ensuring the integrity of financial statements |
• | making independent decisions regarding mergers, acquisitions and disposals |
• | establishing appropriate executive compensation structures |
• | addressing business issues, including environmental and social issues, when they have the potential to materially impact company reputation and performance |
• | current or former employment at the company or a subsidiary within the past several years |
• | being, or representing, a shareholder with a substantial shareholding in the company |
• | interlocking directorships |
• | having any other interest, business or other relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
1) | publish a disclosure in line with industry-specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
2) | disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |
• | BlackRock clients who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock business partners or third parties who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock employees who may sit on the boards of public companies held in Funds managed by BlackRock |
• | Significant BlackRock, Inc. investors who may be issuers of securities held in Funds managed by BlackRock |
• | Securities of BlackRock, Inc. or BlackRock investment funds held in Funds managed by BlackRock |
• | BlackRock, Inc. board members who serve as senior executives of public companies held in Funds managed by BlackRock |
• | Adopted the Guidelines which are designed to protect and enhance the economic value of the companies in which BlackRock invests on behalf of clients. |
• | Established a reporting structure that separates BIS from employees with sales, vendor management or business partnership roles. In addition, BlackRock seeks to ensure that all engagements with corporate issuers, dissident shareholders or shareholder proponents are managed consistently and without regard to BlackRock’s relationship with such parties. Clients or business partners are not given special treatment or differentiated access to BIS. BIS prioritizes engagements based on factors including but not limited to our need for additional information to make a voting decision or our view on the likelihood that an engagement could lead to positive outcome(s) over time for the economic value of the company. Within the normal course of business, BIS may engage directly with BlackRock clients, business partners and/or third parties, and/or with employees with sales, vendor management or business partnership roles, in discussions regarding our approach to stewardship, general corporate governance matters, client reporting needs, and/or to otherwise ensure that proxy-related client service levels are met. |
• | Determined to engage, in certain instances, an independent fiduciary to vote proxies as a further safeguard to avoid potential conflicts of interest, to satisfy regulatory compliance requirements, or as may be otherwise required by applicable law. In such circumstances, the independent fiduciary provides BlackRock’s proxy voting agent with instructions, in accordance with the Guidelines, as to how to vote such proxies, and BlackRock’s proxy voting agent votes the proxy in accordance with the independent fiduciary’s determination. BlackRock uses an independent fiduciary to vote proxies of (i) any company that is affiliated with BlackRock, Inc., (ii) any public company that includes BlackRock employees on its board of directors, (iii) The PNC Financial Services Group, Inc., (iv) any public company of which a BlackRock, Inc. board member serves as a senior executive, and (v) companies when legal or regulatory requirements compel BlackRock to use an independent fiduciary. In selecting an independent fiduciary, we assess several characteristics, including but not limited to: independence, an ability to analyze proxy issues and vote in the best economic interest of our clients, reputation for reliability and integrity, and operational capacity to accurately deliver the assigned votes in a timely manner. We may engage more than one independent fiduciary, in part in order to mitigate potential or perceived conflicts of interest at an independent fiduciary. The Global Committee appoints and reviews the performance of the independent fiduciar(ies), generally on an annual basis. |
Contents | |
Introduction | A-16 |
Voting guidelines | A-16 |
Boards and directors | A-16 |
- Director elections | A-16 |
- Independence | A-16 |
- Oversight | A-17 |
- Responsiveness to shareholders | A-17 |
- Shareholder rights | A-17 |
- Board composition and effectiveness | A-18 |
- Board size | A-19 |
- CEO and management succession planning | A-19 |
- Classified board of directors / staggered terms | A-19 |
- Contested director elections | A-19 |
- Cumulative voting | A-19 |
- Director compensation and equity programs | A-19 |
- Majority vote requirements | A-19 |
- Risk oversight | A-20 |
- Separation of chairman and CEO | A-20 |
Auditors and audit-related issues | A-20 |
Capital structure proposals | A-21 |
- Equal voting rights | A-21 |
- Blank check preferred stock | A-21 |
- Increase in authorized common shares | A-21 |
- Increase or issuance of preferred stock | A-21 |
- Stock splits | A-22 |
Mergers, asset sales, and other special transactions | A-22 |
- Poison pill plans | A-22 |
- Reimbursement of expenses for successful shareholder campaigns | A-22 |
Executive Compensation | A-22 |
- Advisory resolutions on executive compensation (“Say on Pay”) | A-23 |
- Advisory votes on the frequency of Say on Pay resolutions | A-23 |
- Claw back proposals | A-23 |
- Employee stock purchase plans | A-23 |
- Equity compensation plans | A-23 |
- Golden parachutes | A-23 |
- Option exchanges | A-24 |
- Pay-for-Performance plans | A-24 |
- Supplemental executive retirement plans | A-24 |
Environmental and social issues | A-24 |
- Climate risk | A-25 |
- Corporate political activities | A-26 |
General corporate governance matters | A-26 |
- Adjourn meeting to solicit additional votes | A-26 |
- Bundled proposals | A-26 |
- Exclusive forum provisions | A-26 |
- Multi-jurisdictional companies | A-26 |
- Other business | A-27 |
- Reincorporation | A-27 |
- IPO governance | A-27 |
Contents | |
Shareholder Protections | A-27 |
- Amendment to charter / articles / bylaws | A-27 |
- Proxy access | A-28 |
- Right to act by written consent | A-28 |
- Right to call a special meeting | A-28 |
- Simple majority voting | A-28 |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure |
• | Mergers, asset sales, and other special transactions |
• | Executive compensation |
• | Environmental and social issues |
• | General corporate governance matters |
• | Shareholder protections |
• | Employment as a senior executive by the company or a subsidiary within the past five years |
• | An equity ownership in the company in excess of 20% |
• | Having any other interest, business, or relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
• | Where the board has failed to exercise oversight with regard to accounting practices or audit oversight, we will consider voting against the current audit committee, and any other members of the board who may be responsible. For example, this may apply to members of the audit committee during a period when the board failed to facilitate quality, independent auditing if substantial accounting irregularities suggest insufficient oversight by that committee |
• | Members of the compensation committee during a period in which executive compensation appears excessive relative to performance and peers, and where we believe the compensation committee has not already substantially addressed this issue |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where the board is not comprised of a majority of independent directors. However, this would not apply in the case of a controlled company |
• | Where it appears the director has acted (at the company or at other companies) in a manner that compromises his / her reliability to represent the best long-term economic interests of shareholders |
• | Where a director has a pattern of poor attendance at combined board and applicable key committee meetings. Excluding exigent circumstances, BlackRock generally considers attendance at less than 75% of the combined board and applicable key committee meetings by a board member to be poor attendance |
• | Where a director serves on an excess number of boards, which may limit his / her capacity to focus on each board’s requirements. The following illustrates the maximum number of boards on which a director may serve, before he / she is considered to be over-committed: |
Public Company CEO |
# Outside Public Boards* |
Total # of Public Boards | |||
Director A | x | 1 | 2 | ||
Director B | 3 | 4 |
* | In addition to the company under review |
• | The independent chair or lead independent director, members of the nominating / governance committee, and / or the longest tenured director(s), where we observe a lack of board responsiveness to shareholders, evidence of board entrenchment, and / or failure to promote adequate board succession planning |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where board member(s) at the most recent election of directors have received withhold votes from more than 30% of shares voted and the board has not taken appropriate action to respond to shareholder concerns. This may not apply in cases where BlackRock did not support the initial withhold vote |
• | The independent chair or lead independent director and / or members of the nominating / governance committee, where a board fails to implement shareholder proposals that receive a majority of votes cast at a prior shareholder meeting, and the proposals, in our view, have a direct and substantial impact on shareholders’ fundamental rights or long-term economic interests |
• | The independent chair or lead independent director and members of the governance committee, where a board implements or renews a poison pill without shareholder approval |
• | The independent chair or lead independent director and members of the governance committee, where a board amends the charter / articles / bylaws such that the effect may be to entrench directors or to significantly reduce shareholder rights |
• | Members of the compensation committee where the company has repriced options without shareholder approval |
• | If a board maintains a classified structure, it is possible that the director(s) with whom we have a particular concern may not be subject to election in the year that the concern arises. In such situations, if we have a concern regarding a committee or committee chair that is not up for re-election, we will generally register our concern by withholding votes from all available members of the relevant committee |
• | The mix of competencies, experience, and other qualities required to effectively oversee and guide management in light of the stated long-term strategy of the company |
• | The process by which candidates are identified and selected, including whether professional firms or other sources outside of incumbent directors’ networks have been engaged to identify and / or assess candidates |
• | The process by which boards evaluate themselves and any significant outcomes of the evaluation process, without divulging inappropriate and / or sensitive details |
• | The consideration given to board diversity, including, but not limited to, gender, ethnicity, race, age, experience, geographic location, skills, and perspective in the nomination process |
Combined Chair / CEO Model |
Separate Chair Model | ||||
Chair / CEO | Lead Director | Chair | |||
Board Meetings | Authority to call full meetings of the board of directors | Attends full meetings of the board of directors Authority to call meetings of independent directors Briefs CEO on issues arising from executive sessions |
Authority to call full meetings of the board of directors | ||
Agenda | Primary responsibility for shaping board agendas, consulting with the lead director | Collaborates with chair / CEO to set board agenda and board information | Primary responsibility for shaping board agendas, in conjunction with CEO | ||
Board Communications | Communicates with all directors on key issues and concerns outside of full board meetings | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning |
• | Appears to have a legitimate financing motive for requesting blank check authority |
• | Has committed publicly that blank check preferred shares will not be used for anti-takeover purposes |
• | Has a history of using blank check preferred stock for financings |
• | Has blank check preferred stock previously outstanding such that an increase would not necessarily provide further anti-takeover protection but may provide greater financing flexibility |
• | The degree to which the proposed transaction represents a premium to the company’s trading price. We consider the share price over multiple time periods prior to the date of the merger announcement. In most cases, business combinations should provide a premium. We may consider comparable transaction analyses provided by the parties’ financial advisors and our own valuation assessments. For companies facing insolvency or bankruptcy, a premium may not apply |
• | There should be clear strategic, operational, and / or financial rationale for the combination |
• | Unanimous board approval and arm’s-length negotiations are preferred. We will consider whether the transaction involves a dissenting board or does not appear to be the result of an arm’s-length bidding process. We may also consider whether executive and / or board members’ financial interests in a given transaction appear likely to affect their ability to place shareholders’ interests before their own |
• | We prefer transaction proposals that include the fairness opinion of a reputable financial advisor assessing the value of the transaction to shareholders in comparison to recent similar transactions |
• | Whether we believe that the triggering event is in the best interest of shareholders |
• | Whether management attempted to maximize shareholder value in the triggering event |
• | The percentage of total premium or transaction value that will be transferred to the management team, rather than shareholders, as a result of the golden parachute payment |
• | Whether excessively large excise tax gross-up payments are part of the pay-out |
• | Whether the pay package that serves as the basis for calculating the golden parachute payment was reasonable in light of performance and peers |
• | Whether the golden parachute payment will have the effect of rewarding a management team that has failed to effectively manage the company |
• | The company has experienced significant stock price decline as a result of macroeconomic trends, not individual company performance |
• | Directors and executive officers are excluded; the exchange is value neutral or value creative to shareholders; tax, accounting, and other technical considerations have been fully contemplated |
• | There is clear evidence that absent repricing, the company will suffer serious employee incentive or retention and recruiting problems |
• | Publish disclosures in line with industry specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
• | Disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |
Fund | Ticker | Listing Exchange | ||
iShares Biotechnology ETF | IBB | Nasdaq | ||
iShares Core S&P 500 ETF | IVV | NYSE Arca | ||
iShares Core S&P Mid-Cap ETF | IJH | NYSE Arca | ||
iShares Core S&P Small-Cap ETF | IJR | NYSE Arca | ||
iShares Core S&P Total U.S. Stock Market ETF | ITOT | NYSE Arca | ||
iShares Core S&P U.S. Growth ETF | IUSG | Nasdaq | ||
iShares Core S&P U.S. Value ETF | IUSV | Nasdaq | ||
iShares ESG Screened S&P 500 ETF | XVV | Cboe BZX | ||
iShares ESG Screened S&P Mid-Cap ETF | XJH | Cboe BZX | ||
iShares ESG Screened S&P Small-Cap ETF | XJR | Cboe BZX | ||
iShares Europe ETF | IEV | NYSE Arca | ||
iShares Expanded Tech Sector ETF | IGM | NYSE Arca | ||
iShares Expanded Tech-Software Sector ETF | IGV | Cboe BZX | ||
iShares Factors US Growth Style ETF | STLG | Cboe BZX | ||
iShares Factors US Value Style ETF | STLV | Cboe BZX | ||
iShares Focused Value Factor ETF | FOVL | NYSE Arca | ||
iShares Global Consumer Staples ETF | KXI | NYSE Arca | ||
iShares Global Energy ETF | IXC | NYSE Arca | ||
iShares Global Financials ETF | IXG | NYSE Arca | ||
iShares Global Industrials ETF | EXI | NYSE Arca | ||
iShares Global Infrastructure ETF | IGF | Nasdaq | ||
iShares Global Utilities ETF | JXI | NYSE Arca | ||
iShares International Developed Property ETF | WPS | NYSE Arca | ||
iShares International Developed Small Cap Value Factor ETF | ISVL | Cboe BZX | ||
iShares JPX-Nikkei 400 ETF | JPXN | NYSE Arca | ||
iShares Micro-Cap ETF | IWC | NYSE Arca | ||
iShares Mortgage Real Estate ETF | REM | Cboe BZX | ||
iShares North American Natural Resources ETF | IGE | Cboe BZX | ||
iShares North American Tech-Multimedia Networking ETF | IGN | NYSE Arca | ||
iShares Preferred and Income Securities ETF | PFF | Nasdaq | ||
iShares Residential and Multisector Real Estate ETF | REZ | NYSE Arca | ||
iShares Russell 1000 ETF | IWB | NYSE Arca | ||
iShares Russell 1000 Growth ETF | IWF | NYSE Arca | ||
iShares Russell 1000 Value ETF | IWD | NYSE Arca | ||
iShares Russell 2000 ETF | IWM | NYSE Arca | ||
iShares Russell 2000 Growth ETF | IWO | NYSE Arca | ||
iShares Russell 2000 Value ETF | IWN | NYSE Arca | ||
iShares Russell 3000 ETF | IWV | NYSE Arca | ||
iShares Russell Mid-Cap ETF | IWR | NYSE Arca | ||
iShares Russell Mid-Cap Growth ETF | IWP | NYSE Arca | ||
iShares Russell Mid-Cap Value ETF | IWS | NYSE Arca | ||
iShares Russell Top 200 ETF | IWL | NYSE Arca |
Fund | Ticker | Listing Exchange | ||
iShares Russell Top 200 Growth ETF | IWY | NYSE Arca | ||
iShares Russell Top 200 Value ETF | IWX | NYSE Arca | ||
iShares S&P 100 ETF | OEF | NYSE Arca | ||
iShares S&P 500 Growth ETF | IVW | NYSE Arca | ||
iShares S&P 500 Value ETF | IVE | NYSE Arca | ||
iShares S&P Mid-Cap 400 Growth ETF | IJK | NYSE Arca | ||
iShares S&P Mid-Cap 400 Value ETF | IJJ | NYSE Arca | ||
iShares S&P Small-Cap 600 Growth ETF | IJT | Nasdaq | ||
iShares S&P Small-Cap 600 Value ETF | IJS | NYSE Arca | ||
iShares Semiconductor ETF | SOXX | Nasdaq | ||
iShares U.S. Aerospace & Defense ETF | ITA | Cboe BZX | ||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | IAI | NYSE Arca | ||
iShares U.S. Healthcare Providers ETF | IHF | NYSE Arca | ||
iShares U.S. Home Construction ETF | ITB | Cboe BZX | ||
iShares U.S. Infrastructure ETF | IFRA | Cboe BZX | ||
iShares U.S. Insurance ETF | IAK | NYSE Arca | ||
iShares U.S. Medical Devices ETF | IHI | NYSE Arca | ||
iShares U.S. Oil & Gas Exploration & Production ETF | IEO | Cboe BZX | ||
iShares U.S. Oil Equipment & Services ETF | IEZ | NYSE Arca | ||
iShares U.S. Pharmaceuticals ETF | IHE | NYSE Arca | ||
iShares U.S. Real Estate ETF | IYR | NYSE Arca | ||
iShares U.S. Regional Banks ETF | IAT | NYSE Arca | ||
iShares U.S. Telecommunications ETF | IYZ | Cboe BZX | ||
iShares US Small Cap Value Factor ETF | SVAL | Cboe BZX |
• | iShares Biotechnology ETF1 |
• | iShares Core S&P 500 ETF |
• | iShares Core S&P Mid-Cap ETF |
• | iShares Core S&P Small-Cap ETF |
• | iShares Core S&P Total U.S. Stock Market ETF |
• | iShares Core S&P U.S. Growth ETF |
• | iShares Core S&P U.S. Value ETF |
• | iShares ESG Screened S&P 500 ETF |
• | iShares ESG Screened S&P Mid-Cap ETF |
• | iShares ESG Screened S&P Small-Cap ETF |
• | iShares Europe ETF |
• | iShares Expanded Tech Sector ETF |
• | iShares Expanded Tech-Software Sector ETF |
• | iShares Factors US Growth Style ETF |
• | iShares Factors US Value Style ETF |
• | iShares Focused Value Factor ETF |
• | iShares Global Consumer Staples ETF |
• | iShares Global Energy ETF |
• | iShares Global Financials ETF |
• | iShares Global Industrials ETF |
• | iShares Global Infrastructure ETF |
• | iShares Global Utilities ETF2 |
• | iShares International Developed Property ETF |
• | iShares International Developed Small Cap Value Factor ETF |
• | iShares JPX-Nikkei 400 ETF |
• | iShares Micro-Cap ETF |
• | iShares Mortgage Real Estate ETF |
• | iShares North American Natural Resources ETF |
• | iShares North American Tech-Multimedia Networking ETF |
• | iShares Preferred and Income Securities ETF |
• | iShares Residential and Multisector Real Estate ETF3 |
• | iShares Russell 1000 ETF |
• | iShares Russell 1000 Growth ETF |
• | iShares Russell 1000 Value ETF |
• | iShares Russell 2000 ETF |
• | iShares Russell 2000 Growth ETF |
• | iShares Russell 2000 Value ETF |
• | iShares Russell 3000 ETF |
• | iShares Russell Mid-Cap ETF |
• | iShares Russell Mid-Cap Growth ETF |
• | iShares Russell Mid-Cap Value ETF |
• | iShares Russell Top 200 ETF |
• | iShares Russell Top 200 Growth ETF |
• | iShares Russell Top 200 Value ETF |
• | iShares S&P 100 ETF |
• | iShares S&P 500 Growth ETF |
• | iShares S&P 500 Value ETF |
• | iShares S&P Mid-Cap 400 Growth ETF |
• | iShares S&P Mid-Cap 400 Value ETF |
• | iShares S&P Small-Cap 600 Growth ETF |
• | iShares S&P Small-Cap 600 Value ETF |
• | iShares Semiconductor ETF4 |
• | iShares U.S. Aerospace & Defense ETF |
• | iShares U.S. Broker-Dealers & Securities Exchanges ETF |
• | iShares U.S. Healthcare Providers ETF |
• | iShares U.S. Home Construction ETF |
• | iShares U.S. Infrastructure ETF |
• | iShares U.S. Insurance ETF |
• | iShares U.S. Medical Devices ETF |
• | iShares U.S. Oil & Gas Exploration & Production ETF |
• | iShares U.S. Oil Equipment & Services ETF |
• | iShares U.S. Pharmaceuticals ETF |
• | iShares U.S. Real Estate ETF5 |
• | iShares U.S. Regional Banks ETF |
• | iShares U.S. Telecommunications ETF6 |
• | iShares US Small Cap Value Factor ETF |
1 | On June 21, 2021, the Fund’s Underlying Index changed from the NASDAQ Biotechnology Index to the ICE Biotechnology Index. On June 21, 2021, the name of the Fund changed from the iShares NASDAQ Biotechnology ETF to the iShares Biotechnology ETF. |
2 | On May 3, 2021, the Fund’s Underlying Index changed from the S&P Global 1200 Utilities Index to the S&P Global 1200 Utilities (Sector) Capped Index. |
3 | On September 18, 2020, the name of the Fund changed from the iShares Residential Real Estate ETF to the iShares Residential and Multisector Real Estate ETF. |
4 | On June 21, 2021, the Fund’s Underlying Index changed from the PHLX Semiconductor Sector Index to the ICE Semiconductor Index. On June 21, 2021, the name of the Fund changed from the iShares PHLX Semiconductor ETF to the iShares Semiconductor ETF. |
5 | On January 25, 2021, the Fund’s Underlying Index changed from the Dow Jones U.S. Real Estate Index to the Dow Jones U.S. Real Estate Capped Index. |
6 | On September 20, 2021, the Fund’s Underlying Index will change from the Dow Jones U.S. Select Telecommunications Index to the Russell 1000 Telecommunications RIC 22.5/45 Capped Index. |
Diversified Funds | Non-Diversified Funds | |
iShares Core S&P 500 ETF | iShares Biotechnology ETF | |
iShares Core S&P Mid-Cap ETF | iShares ESG Screened S&P 500 ETF | |
iShares Core S&P Small-Cap ETF | iShares ESG Screened S&P Mid-Cap ETF | |
iShares Core S&P Total U.S. Stock Market ETF | iShares ESG Screened S&P Small-Cap ETF | |
iShares Core S&P U.S. Growth ETF* | iShares Expanded Tech Sector ETF | |
iShares Core S&P U.S. Value ETF | iShares Expanded Tech-Software Sector ETF | |
iShares Europe ETF | iShares Factors US Growth Style ETF | |
iShares Global Consumer Staples ETF | iShares Factors US Value Style ETF | |
iShares Global Financials ETF | iShares Focused Value Factor ETF | |
iShares Global Industrials ETF | iShares Global Energy ETF | |
iShares Global Infrastructure ETF | iShares International Developed Small Cap Value Factor ETF | |
iShares Global Utilities ETF | ||
iShares International Developed Property ETF | iShares Mortgage Real Estate ETF | |
iShares JPX-Nikkei 400 ETF | iShares North American Tech-Multimedia Networking ETF | |
iShares Micro-Cap ETF | iShares Residential and Multisector Real Estate ETF | |
iShares North American Natural Resources ETF | iShares Semiconductor ETF | |
iShares Preferred and Income Securities ETF | iShares U.S. Aerospace & Defense ETF | |
iShares Russell 1000 ETF | iShares U.S. Broker-Dealers & Securities Exchanges ETF | |
iShares Russell 1000 Growth ETF* | iShares U.S. Healthcare Providers ETF | |
iShares Russell 1000 Value ETF | iShares U.S. Home Construction ETF | |
iShares Russell 2000 ETF | iShares U.S. Insurance ETF | |
iShares Russell 2000 Growth ETF | iShares U.S. Medical Devices ETF | |
iShares Russell 2000 Value ETF | iShares U.S. Oil & Gas Exploration & Production ETF | |
iShares Russell 3000 ETF | iShares U.S. Oil Equipment & Services ETF | |
iShares Russell Mid-Cap ETF | iShares U.S. Pharmaceuticals ETF | |
iShares Russell Mid-Cap Growth ETF | iShares U.S. Regional Banks ETF | |
iShares Russell Mid-Cap Value ETF | iShares U.S. Telecommunications ETF | |
iShares Russell Top 200 ETF | ||
iShares Russell Top 200 Growth ETF* | ||
iShares Russell Top 200 Value ETF | ||
iShares S&P 100 ETF* | ||
iShares S&P 500 Growth ETF* |
Diversified Funds | Non-Diversified Funds | |
iShares S&P 500 Value ETF | ||
iShares S&P Mid-Cap 400 Growth ETF | ||
iShares S&P Mid-Cap 400 Value ETF | ||
iShares S&P Small-Cap 600 Growth ETF | ||
iShares S&P Small-Cap 600 Value ETF | ||
iShares U.S. Infrastructure ETF | ||
iShares U.S. Real Estate ETF | ||
iShares US Small Cap Value Factor ETF |
* | The iShares Core S&P U.S. Growth ETF, iShares Russell 1000 Growth ETF, iShares Russell Top 200 Growth ETF, iShares S&P 100 ETF and iShares S&P 500 Growth ETF intend to be diversified in approximately the same proportion as their Underlying Indexes are diversified. The iShares Core S&P U.S. Growth ETF, iShares Russell 1000 Growth ETF, iShares Russell Top 200 Growth ETF, iShares S&P 100 ETF and iShares S&P 500 Growth ETF may become non-diversified, as defined in the 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of their Underlying Indexes. Shareholder approval will not be sought if the iShares Core S&P U.S. Growth ETF, iShares Russell 1000 Growth ETF, iShares Russell Top 200 Growth ETF, iShares S&P 100 ETF or iShares S&P 500 Growth ETF crosses from diversified to non-diversified status due solely to a change in its relative market capitalization or index weighting of one or more constituents of its Underlying Index. The Funds disclose their portfolio holdings and weightings at www.iShares.com. |
• | Communications of Data Files: A Fund may make available through the facilities of the National Securities Clearing Corporation (“NSCC”) or through posting on the www.iShares.com, prior to the opening of trading on each business day, a list of a Fund’s holdings (generally pro-rata) that Authorized Participants could deliver to a Fund to settle purchases of a Fund (i.e. Deposit Securities) or that Authorized Participants would receive from a Fund to settle redemptions of a Fund (i.e. Fund Securities). These files are known as the Portfolio Composition File and the Fund Data File (collectively, “Files”). The Files are applicable for the next trading day and are provided to the NSCC and/or posted on www.iShares.com after the close of markets in the U.S. |
• | Communications with Authorized Participants and Liquidity Providers: Certain employees of BFA are responsible for interacting with Authorized Participants and liquidity providers with respect to discussing custom basket proposals as described in the Custom Baskets section of this SAI. As part of these discussions, these employees may discuss with an Authorized Participant or liquidity provider the securities a Fund is willing to accept for a creation, and securities that a Fund will provide on a redemption. |
• | Communications with Listing Exchanges: From time to time, employees of BFA may discuss portfolio holdings information with the applicable primary listing exchange for a Fund as needed to meet the exchange listing standards. |
• | Communications with Other Portfolio Managers: Certain information may be provided to employees of BFA who manage funds that invest a significant percentage of their assets in shares of an underlying fund as necessary to manage the fund’s investment objective and strategy. |
• | Communication of Other Information: Certain explanatory information regarding the Files is released to Authorized Participants and liquidity providers on a daily basis, but is only done so after the Files are posted to www.iShares.com. |
• | Third-Party Service Providers: Certain portfolio holdings information may be disclosed to Fund Trustees and their counsel, outside counsel for the Funds, auditors and to certain third-party service providers (i.e., fund administrator, custodian, proxy voting service) for which a non-disclosure, confidentiality agreement or other obligation is in place with such service providers, as may be necessary to conduct business in the ordinary course in a manner consistent with applicable policies, agreements with the Funds, the terms of the current registration statements and federal securities laws and regulations thereunder. |
• | Liquidity Metrics: “Liquidity Metrics,” which seek to ascertain a Fund’s liquidity profile under BlackRock’s global liquidity risk methodology, include but are not limited to: (a) disclosure regarding the number of days needed to liquidate a portfolio or the portfolio’s underlying investments; and (b) the percentage of a Fund’s NAV invested in a particular liquidity tier under BlackRock’s global liquidity risk methodology. The dissemination of position-level liquidity metrics data and any non-public regulatory data pursuant to the Liquidity Rule (including SEC liquidity tiering) is not permitted unless pre-approved. Disclosure of portfolio-level liquidity metrics prior to 60 calendar days after calendar quarter-end requires a non-disclosure or confidentiality agreement and approval of the Trust’s Chief Compliance Officer. Portfolio-level liquidity metrics disclosure subsequent to 60 calendar days after calendar quarter-end requires the approval of portfolio management and must be disclosed to all parties requesting the information if disclosed to any party. |
• | no single Underlying Index component may have a weight greater than 22.5% of the Index; and |
• | the sum of the weights of the Index components that are individually greater than 4.5% may not be greater than 45% of the Index. |
• | Underlying Index eligibility is limited to common stocks traded primarily on the New York Stock Exchange (“NYSE”), NYSE American and NASDAQ, excluding master limited partnerships (MLPs), royalty trusts, business development companies (BDCs), and American depository receipts (ADRs). |
• | Initial Public Offering (“IPO”) securities that have been trading for less than 3 months prior to the reconstitution day are excluded. |
• | The securities must have a minimum float-adjusted market capitalization of U.S. $300 million or greater, and three-month Average Daily Trading Value (“ADTV”) of U.S. $1 million or greater on selection day. |
• | The securities must be classified as having a focus (deriving 50% or more revenues) in one of the 95 infrastructure-related industries as defined by RBICS in either Category 1 or 2, where Category 1 companies are infrastructure enablers and Category 2 companies are infrastructure asset owners and operators. |
• | An eligible company must derive 50% or more of its annual revenues from the U.S. to be included in the Underlying Index. |
• | If a company has multiple share classes, only the most liquid issue based on the highest three-month ADTV on selection day will be included. |
• | stocks must trade at or above $1.00 on the last business day of August to be eligible for inclusion. If a stock in the index has a price lower than $1, it can remain in the index if the average price for the month is greater than $1; |
• | for ranking and membership determination, all common share classes for a single company are combined to determine total market capitalization; |
• | in cases where there are multiple common stock share classes and the share classes act independently of each other, each class is considered for inclusion separately; and |
• | also excluded are preferred and convertible preferred stock, participating preferred stock, redeemable shares, warrants and rights, trust receipts, royalty trusts, limited liability issuers, OTC bulletin boards and pink sheet stocks, mutual funds, limited partnerships, and foreign stocks. |
• | The Underlying Index’s Composite Score is less than 80% of the Target Index’s Composite Score. |
• | The Underlying Index has fewer than 40 securities. |
• | The Underlying Index includes a security with weight greater than 20% of the Underlying Index. |
• | The largest 5 securities by weight in the Underlying Index have a weight that is greater than 50% of the Underlying Index. |
• | If a company has issued multiple lines of equity capital, only one eligible line is included. The eligible line is the line with the highest 252 days ADDTV. A minimum of 200 days of daily observations are required to calculate ADDTV. If a line has missing ADDTV, the line is excluded. If all lines have no ADDTV, the line with the highest free float market cap is selected. |
• | Securities ranked within the top 10% highest risk or with missing data are excluded. Risk is defined as the 1 year trailing realized volatility of daily total returns. A minimum of 200 days of daily return observations are required to calculate volatility. |
• | Securities ranked within the top 10% highest leverage or with missing data are excluded. Leverage is defined as total debt to total assets sourced from third party data provider. |
• | Also excluded are preferred and convertible preferred stock, participating preferred stock, redeemable shares, warrants and rights, trust receipts, royalty trusts, limited liability issuers, OTC bulletin boards and pink sheet stocks, mutual funds, limited partnerships, and foreign stocks. |
• | If a company has issued multiple lines of equity capital, only one eligible line is included. The eligible line is the line with the highest 60 days ADDTV. A minimum of 30 days of daily observations are required to calculate ADDTV. If a line has missing ADDTV, the line is excluded. If all lines have no ADDTV, the line with the highest free float market cap is selected. |
• | Securities ranked within the least liquid 20% by count (i.e. approximately 400 securities) based on 60-day ADDTV are excluded. |
• | Securities ranked within the top 20% highest risk or with missing data are excluded. Risk is defined as the 1-year trailing realized volatility of daily total returns. A minimum of 200 days of daily return observations are required to calculate volatility. |
• | Securities ranked within the top 20% highest leverage or with missing data are excluded. Leverage is defined as total debt to total assets sourced from a third party data provider. |
• | Also excluded are preferred and convertible preferred stock, participating preferred stock, redeemable shares, warrants and rights, trust receipts, royalty trusts, limited liability issuers, OTC bulletin boards and pink sheet stocks, mutual funds, limited partnerships, and foreign stocks. |
• | The Underlying Index’s Composite Score is less than 90% of the Target Index’s Composite Score. |
• | The Underlying Index has fewer than 200 securities. |
1. | Concentrate its investments (i.e., hold 25% or more of its total assets in the stocks of a particular industry or group of industries), except that each Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the stocks of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) each Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities, and (ii) each Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), each Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue any senior security, except as permitted under the 1940 Act, as amended, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
4. | Make loans, except as permitted under the 1940 Act, as amended, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate, real estate mortgages, commodities or commodity contracts, but this restriction shall not prevent each Fund from trading in futures contracts and options on futures contracts (including options on currencies to the extent consistent with each Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that each Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
1. | Concentrate its investments (i.e., hold 25% or more of its total assets in the stocks of a particular industry or group of industries), except that each Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the stocks of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) each Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities, and (ii) each Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), each Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue “senior securities” as defined in the 1940 Act and the rules, regulations and orders thereunder, except as permitted under the 1940 Act and the rules, regulations and orders thereunder. |
4. | Make loans. This restriction does not apply to: (i) the purchase of debt obligations in which each Fund may invest consistent with its investment objectives and policies; (ii) repurchase agreements and reverse repurchase agreements; and (iii) loans of its portfolio securities, to the fullest extent permitted under the 1940 Act. |
5. | Purchase or sell real estate, real estate mortgages, commodities or commodity contracts, but this restriction shall not prevent each Fund from trading in futures contracts and options on futures contracts (including options on currencies to the extent consistent with each Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that each Fund may technically be deemed to be an underwriter under the 1933 Act in disposing of portfolio securities. |
1. | Concentrate its investments (i.e., hold 25% or more of its total assets in the stocks of a particular industry or group of industries), except that each Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the stocks of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) each Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities, and (ii) each Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), each Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue any senior security, except as permitted under the 1940 Act, as amended, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
4. | Make loans, except as permitted under the 1940 Act. |
5. | Purchase or sell real estate, real estate mortgages, commodities or commodity contracts, but this restriction shall not prevent each Fund from trading in futures contracts and options on futures contracts (including options on currencies to the extent consistent with each Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that each Fund may technically be deemed to be an underwriter under the 1933 Act in disposing of portfolio securities. |
1. | Concentrate its investments (i.e., invest 25% or more of its total assets in the securities of a particular industry or group of industries), except that each Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) each Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities; and (ii) each Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), each Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue any senior security, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
4. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate unless acquired as a result of ownership of securities or other instruments (but this restriction shall not prevent each Fund from investing in securities of companies engaged in the real estate business or securities or other instruments backed by real estate or mortgages), or commodities or commodity contracts (but this restriction shall not prevent each Fund from trading in futures contracts and options on futures contracts, including options on currencies to the extent consistent with each Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that each Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
1. | Concentrate its investments in a particular industry, as that term is used in the 1940 Act, except that each Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of a particular industry or group of industries. |
2. | Borrow money, except as permitted under the 1940 Act. |
3. | Issue senior securities to the extent such issuance would violate the 1940 Act. |
4. | Purchase or hold real estate, except each Fund may purchase and hold securities or other instruments that are secured by, or linked to, real estate or interests therein, securities of REITs, mortgage-related securities and securities of issuers engaged in the real estate business, and each Fund may purchase and hold real estate as a result of the ownership of securities or other instruments. |
5. | Underwrite securities issued by others, except to the extent that the sale of portfolio securities by each Fund may be deemed to be an underwriting or as otherwise permitted by applicable law. |
6. | Purchase or sell commodities or commodity contracts, except as permitted by the 1940 Act. |
7. | Make loans to the extent prohibited by the 1940 Act. |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Robert S. Kapito1 (64) |
Trustee (since 2009). |
President, BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002). | Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Salim Ramji2 (51) |
Trustee (since 2019). | Senior Managing Director, BlackRock, Inc. (since 2014); Global Head of BlackRock’s ETF and Index Investments Business (since 2019); Head of BlackRock’s U.S. Wealth Advisory Business (2015-2019); Global Head of Corporate Strategy, BlackRock, Inc. (2014-2015); Senior Partner, McKinsey & Company (2010-2014). | Director of iShares, Inc. (since 2019); Trustee of iShares U.S. ETF Trust (since 2019). |
1 | Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
2 | Salim Ramji is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Cecilia H. Herbert (72) |
Trustee (since 2005); Independent Board Chair (since 2016). |
Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York's public media company (since 2011) and Member of the Audit Committee (since 2018) and Investment Committee (since 2011); Chair (1994-2005) and Member (since 1992) of the Investment Committee, Archdiocese of San Francisco; Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018); Director (1998-2013) and President (2007-2011) of the Board of Directors, Catholic Charities CYO; Trustee (2002-2011) and Chair of the Finance and Investment Committee (2006-2010) of the Thacher School; Director of the Senior Center of Jackson Hole (since 2020). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares, Inc. and iShares U.S. ETF Trust (since 2016); Trustee of Thrivent Church Loan and Income Fund (since 2019). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Jane D. Carlin (65) |
Trustee (since 2015); Risk Committee Chair (since 2016). |
Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012). | Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016). | |||
Richard L. Fagnani (66) |
Trustee (since 2017); Audit Committee Chair (since 2019). |
Partner, KPMG LLP (2002-2016). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). | |||
John E. Kerrigan (66) |
Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2019). |
Chief Investment Officer, Santa Clara University (since 2002). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Drew E. Lawton (62) |
Trustee (since 2017); 15(c) Committee Chair (since 2017). |
Senior Managing Director of New York Life Insurance Company (2010-2015). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). | |||
John E. Martinez (60) |
Trustee (since 2003); Securities Lending Committee Chair (since 2019). |
Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016). | Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Madhav V. Rajan (56) |
Trustee (since 2011); Fixed Income Plus Committee Chair (since 2019). |
Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016). | Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years | ||
Armando Senra (50) |
President (since 2019). | Managing Director, BlackRock, Inc. (since 2007); Head of U.S., Canada and Latam iShares, BlackRock, Inc. (since 2019); Head of Latin America Region, BlackRock, Inc. (2006-2019); Managing Director, Bank of America Merrill Lynch (1994-2006). | ||
Trent Walker (47) |
Treasurer and Chief Financial Officer (since 2020). |
Managing Director of BlackRock, Inc. (since September 2019); Chief Financial Officer of iShares Delaware Trust Sponsor LLC, BlackRock Funds, BlackRock Funds II, BlackRock Funds IV, BlackRock Funds V and BlackRock Funds VI (since 2021); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds. | ||
Charles Park (53) |
Chief Compliance Officer (since 2006). | Chief Compliance Officer of BlackRock Advisors, LLC and the BlackRock-advised Funds in the Equity-Bond Complex, the Equity-Liquidity Complex and the Closed-End Complex (since 2014); Chief Compliance Officer of BFA (since 2006). | ||
Deepa Damre Smith (46) |
Secretary (since 2019). | Managing Director, BlackRock, Inc. (since 2014); Director, BlackRock, Inc. (2009-2013). | ||
Scott Radell (52) |
Executive Vice President (since 2012). |
Managing Director, BlackRock, Inc. (since 2009); Head of Portfolio Solutions, BlackRock, Inc. (since 2009). | ||
Alan Mason (60) |
Executive Vice President (since 2016). |
Managing Director, BlackRock, Inc. (since 2009). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years | ||
Marybeth Leithead (58) |
Executive Vice President (since 2019). |
Managing Director, BlackRock, Inc. (since 2017); Chief Operating Officer of Americas iShares (since 2017); Portfolio Manager, Municipal Institutional & Wealth Management (2009-2016). |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
Robert S. Kapito | None | None | None | |||
Salim Ramji | iShares Broad USD Investment Grade Corporate Bond ETF | $10,001-$50,000 | Over $100,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Commodity Curve Carry Strategy ETF | $50,001-$100,000 | |||||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | $1-$10,000 | |||||
iShares Core S&P 500 ETF | $1-$10,000 | |||||
iShares Core S&P Mid-Cap ETF | Over $100,000 | |||||
iShares Core S&P Small-Cap ETF | $50,001-$100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $1-$10,000 | |||||
iShares Expanded Tech Sector ETF | $1-$10,000 | |||||
iShares Expanded Tech-Software Sector ETF | $1-$10,000 | |||||
iShares GSCI Commodity Dynamic Roll Strategy ETF | $10,001-$50,000 | |||||
iShares MSCI USA ESG Select ETF | $1-$10,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $1-$10,000 | |||||
iShares TIPS Bond ETF | $10,001-$50,000 | |||||
Cecilia H. Herbert | iShares California Muni Bond ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core Dividend Growth ETF | $50,001-$100,000 | |||||
iShares Core MSCI Emerging Markets ETF | $1-$10,000 | |||||
iShares Core MSCI Total International Stock ETF | $10,001-$50,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P U.S. Growth ETF | Over $100,000 | |||||
iShares Core S&P U.S. Value ETF | Over $100,000 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | $10,001-$50,000 | |||||
iShares International Select Dividend ETF | $50,001-$100,000 | |||||
iShares MSCI EAFE ETF | $1-$10,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares MSCI USA Value Factor ETF | Over $100,000 | |||||
iShares National Muni Bond ETF | $10,001-$50,000 | |||||
iShares Preferred and Income Securities ETF | $10,001-$50,000 | |||||
Jane D. Carlin | iShares Core MSCI EAFE ETF | Over $100,000 | Over $100,000 | |||
iShares Core MSCI Emerging Markets ETF | $10,001-$50,000 | |||||
iShares Core S&P Mid-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Small-Cap ETF | Over $100,000 | |||||
iShares Core U.S. Aggregate Bond ETF | $50,001-$100,000 | |||||
iShares Global Tech ETF | $50,001-$100,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares iBoxx $ High Yield Corporate Bond ETF | Over $100,000 | |||||
iShares MSCI ACWI ETF | Over $100,000 | |||||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares MSCI EAFE Small-Cap ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets Small-Cap ETF | $10,001-$50,000 | |||||
iShares MSCI USA Min Vol Factor ETF | $50,001-$100,000 | |||||
iShares Select Dividend ETF | $10,001-$50,000 | |||||
Richard L. Fagnani | iShares Core Dividend Growth ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core MSCI EAFE ETF | $10,001-$50,000 | |||||
iShares Exponential Technologies ETF | $10,001-$50,000 | |||||
iShares Global Clean Energy ETF | $10,001-$50,000 | |||||
iShares MBS ETF | $10,001-$50,000 | |||||
iShares MSCI All Country Asia ex Japan ETF | $10,001-$50,000 | |||||
iShares MSCI EAFE Value ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets Multifactor ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets Small-Cap ETF | $10,001-$50,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares MSCI Singapore ETF | $10,001-$50,000 | |||||
iShares MSCI USA Equal Weighted ETF | $10,001-$50,000 | |||||
iShares MSCI USA Quality Factor ETF | $10,001-$50,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $10,001-$50,000 | |||||
iShares U.S. Infrastructure ETF | $10,001-$50,000 | |||||
John E. Kerrigan | iShares Core MSCI EAFE ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P Small-Cap ETF | $10,001-$50,000 | |||||
iShares ESG Advanced MSCI EAFE ETF | $1-$10,000 | |||||
iShares ESG Advanced MSCI USA ETF | $1-$10,000 | |||||
iShares ESG Aware MSCI EAFE ETF | $10,001-$50,000 | |||||
iShares ESG Aware MSCI EM ETF | Over $100,000 | |||||
iShares ESG Aware MSCI USA ETF | Over $100,000 | |||||
iShares ESG Aware MSCI USA Small-Cap ETF | $1-$10,000 | |||||
iShares Global Clean Energy ETF | Over $100,000 | |||||
iShares Global Infrastructure ETF | Over $100,000 | |||||
iShares Global Tech ETF | $50,001-$100,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares MSCI EAFE Growth ETF | Over $100,000 | |||||
iShares MSCI KLD 400 Social ETF | $10,001-$50,000 | |||||
iShares MSCI USA ESG Select ETF | $1-$10,000 | |||||
iShares MSCI USA Min Vol Factor ETF | $10,001-$50,000 | |||||
iShares MSCI USA Quality Factor ETF | $10,001-$50,000 | |||||
iShares MSCI USA Value Factor ETF | $50,001-$100,000 | |||||
iShares U.S. Medical Devices ETF | $10,001-$50,000 | |||||
Drew E. Lawton | BlackRock Short Maturity Bond ETF | Over $100,000 | Over $100,000 | |||
BlackRock Ultra Short-Term Bond ETF | Over $100,000 | |||||
iShares 0-5 Year High Yield Corporate Bond ETF | $50,001-$100,000 | |||||
iShares Biotechnology ETF | $50,001-$100,000 | |||||
iShares Core Dividend Growth ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | Over $100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | Over $100,000 | |||||
iShares Expanded Tech Sector ETF | Over $100,000 | |||||
iShares Exponential Technologies ETF | Over $100,000 | |||||
John E. Martinez | iShares 1-5 Year Investment Grade Corporate Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Core 5-10 Year USD Bond ETF | Over $100,000 | |||||
iShares Core International Aggregate Bond ETF | Over $100,000 | |||||
iShares Core MSCI International Developed Markets ETF | $10,001-$50,000 | |||||
iShares Global Consumer Staples ETF | Over $100,000 | |||||
iShares Russell 1000 ETF | Over $100,000 | |||||
iShares Russell 1000 Value ETF | Over $100,000 | |||||
iShares Russell 2000 ETF | Over $100,000 | |||||
Madhav V. Rajan | BlackRock Short Maturity Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Broad USD High Yield Corporate Bond ETF | Over $100,000 | |||||
iShares Mortgage Real Estate ETF | Over $100,000 | |||||
iShares Preferred and Income Securities ETF | Over $100,000 |
Name | iShares Biotechnology ETF |
iShares Core S&P 500 ETF |
iShares Core S&P Mid-Cap ETF |
iShares Core S&P Small-Cap ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $4,484 | $106,802 | $27,361 | $0 | ||||
Richard L. Fagnani | 4,763 | 113,451 | 29,064 | 0 | ||||
Cecilia H. Herbert | 5,087 | 121,168 | 31,041 | 0 | ||||
John E. Kerrigan | 4,758 | 113,332 | 29,034 | 0 | ||||
Drew E. Lawton | 4,598 | 109,533 | 28,061 | 0 | ||||
John E. Martinez | 4,484 | 106,802 | 27,361 | 0 | ||||
Madhav V. Rajan | 4,484 | 106,802 | 27,361 | 0 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Core S&P Total U.S. Stock Market ETF |
iShares Core S&P U.S. Growth ETF |
iShares Core S&P U.S. Value ETF |
iShares ESG Screened S&P 500 ETF1 | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $14,873 | $4,742 | $4,109 | $14 | ||||
Richard L. Fagnani | 15,799 | 5,037 | 4,365 | 15 | ||||
Cecilia H. Herbert | 16,874 | 5,379 | 4,662 | 16 | ||||
John E. Kerrigan | 15,782 | 5,031 | 4,360 | 15 | ||||
Drew E. Lawton | 15,253 | 4,863 | 4,214 | 14 | ||||
John E. Martinez | 14,873 | 4,742 | 4,109 | 14 | ||||
Madhav V. Rajan | 14,873 | 4,742 | 4,109 | 14 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares ESG Screened S&P Mid-Cap ETF2 |
iShares ESG Screened S&P Small-Cap ETF3 |
iShares Europe ETF |
iShares Expanded Tech Sector ETF | ||||
Independent Trustees: |
Name | iShares ESG Screened S&P Mid-Cap ETF2 |
iShares ESG Screened S&P Small-Cap ETF3 |
iShares Europe ETF |
iShares Expanded Tech Sector ETF | ||||
Jane D. Carlin | $9 | $4 | $527 | $1,463 | ||||
Richard L. Fagnani | 10 | 5 | 560 | 1,554 | ||||
Cecilia H. Herbert | 10 | 5 | 598 | 1,659 | ||||
John E. Kerrigan | 10 | 5 | 560 | 1,552 | ||||
Drew E. Lawton | 9 | 5 | 541 | 1,500 | ||||
John E. Martinez | 9 | 4 | 527 | 1,463 | ||||
Madhav V. Rajan | 9 | 4 | 527 | 1,463 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Expanded Tech-Software Sector ETF |
iShares Factors US Growth Style ETF |
iShares Factors US Value Style ETF |
iShares Focused Value Factor ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $2,301 | $2 | $3 | $18 | ||||
Richard L. Fagnani | 2,445 | 2 | 3 | 19 | ||||
Cecilia H. Herbert | 2,611 | 3 | 4 | 21 | ||||
John E. Kerrigan | 2,442 | 2 | 3 | 19 | ||||
Drew E. Lawton | 2,360 | 2 | 3 | 19 | ||||
John E. Martinez | 2,301 | 2 | 3 | 18 | ||||
Madhav V. Rajan | 2,301 | 2 | 3 | 18 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Global Consumer Staples ETF |
iShares Global Energy ETF |
iShares Global Financials ETF |
iShares Global Industrials ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $187 | $596 | $196 | $156 | ||||
Richard L. Fagnani | 198 | 633 | 209 | 166 | ||||
Cecilia H. Herbert | 212 | 676 | 223 | 177 | ||||
John E. Kerrigan | 198 | 633 | 208 | 166 | ||||
Drew E. Lawton | 191 | 611 | 201 | 160 | ||||
John E. Martinez | 187 | 596 | 196 | 156 | ||||
Madhav V. Rajan | 187 | 596 | 196 | 156 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Global Infrastructure ETF |
iShares Global Utilities ETF |
iShares International Developed Property ETF |
iShares International Developed Small Cap Value Factor ETF4 | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $1,391 | $65 | $38 | $3 | ||||
Richard L. Fagnani | 1,478 | 69 | 40 | 3 | ||||
Cecilia H. Herbert | 1,578 | 74 | 43 | 4 | ||||
John E. Kerrigan | 1,476 | 69 | 40 | 3 | ||||
Drew E. Lawton | 1,427 | 67 | 39 | 3 | ||||
John E. Martinez | 1,391 | 65 | 38 | 3 | ||||
Madhav V. Rajan | 1,397 | 65 | 38 | 3 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares JPX-Nikkei 400 ETF |
iShares Micro-Cap ETF |
iShares Mortgage Real Estate ETF |
iShares North American Natural Resources ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $38 | $632 | $685 | $174 | ||||
Richard L. Fagnani | 41 | 671 | 727 | 185 | ||||
Cecilia H. Herbert | 44 | 717 | 777 | 197 | ||||
John E. Kerrigan | 41 | 671 | 726 | 184 | ||||
Drew E. Lawton | 39 | 648 | 702 | 178 | ||||
John E. Martinez | 38 | 632 | 685 | 174 | ||||
Madhav V. Rajan | 38 | 632 | 685 | 174 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares North American Tech-Multimedia Networking ETF |
iShares Preferred and Income Securities ETF |
iShares Residential and Multisector Real Estate ETF |
iShares Russell 1000 ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $46 | $8,161 | $226 | $11,651 | ||||
Richard L. Fagnani | 49 | 8,669 | 240 | 12,377 | ||||
Cecilia H. Herbert | 52 | 9,258 | 256 | 13,218 | ||||
John E. Kerrigan | 49 | 8,659 | 240 | 12,364 | ||||
Drew E. Lawton | 47 | 8,369 | 232 | 11,949 | ||||
John E. Martinez | 46 | 8,161 | 226 | 11,651 | ||||
Madhav V. Rajan | 46 | 8,161 | 226 | 11,651 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 |
Name | iShares North American Tech-Multimedia Networking ETF |
iShares Preferred and Income Securities ETF |
iShares Residential and Multisector Real Estate ETF |
iShares Russell 1000 ETF | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Russell 1000 Growth ETF |
iShares Russell 1000 Value ETF |
iShares Russell 2000 ETF |
iShares Russell 2000 Growth ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $28,620 | $23,212 | $30,183 | $5,447 | ||||
Richard L. Fagnani | 30,402 | 24,658 | 32,062 | 5,786 | ||||
Cecilia H. Herbert | 32,470 | 26,335 | 34,243 | 6,180 | ||||
John E. Kerrigan | 30,370 | 24,632 | 32,029 | 5,780 | ||||
Drew E. Lawton | 29,352 | 23,806 | 30,955 | 5,586 | ||||
John E. Martinez | 28,620 | 23,212 | 30,183 | 5,447 | ||||
Madhav V. Rajan | 28,620 | 23,212 | 30,183 | 5,447 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Russell 2000 Value ETF |
iShares Russell 3000 ETF |
iShares Russell Mid-Cap ETF |
iShares Russell Mid-Cap Growth ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $7,398 | $4,877 | $12,344 | $6,653 | ||||
Richard L. Fagnani | 7,859 | 5,181 | 13,113 | 7,068 | ||||
Cecilia H. Herbert | 8,393 | 5,534 | 14,005 | 7,548 | ||||
John E. Kerrigan | 7,851 | 5,176 | 13,099 | 7,060 | ||||
Drew E. Lawton | 7,587 | 5,002 | 12,660 | 6,824 | ||||
John E. Martinez | 7,398 | 4,877 | 12,344 | 6,653 | ||||
Madhav V. Rajan | 7,398 | 4,877 | 12,344 | 6,653 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Russell Mid-Cap Value ETF |
iShares Russell Top 200 ETF |
iShares Russell Top 200 Growth ETF |
iShares Russell Top 200 Value ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $5,978 | $395 | $1,609 | $526 | ||||
Richard L. Fagnani | 6,351 | 419 | 1,709 | 559 | ||||
Cecilia H. Herbert | 6,782 | 448 | 1,825 | 597 | ||||
John E. Kerrigan | 6,344 | 419 | 1,707 | 558 | ||||
Drew E. Lawton | 6,131 | 405 | 1,650 | 539 | ||||
John E. Martinez | 5,978 | 395 | 1,609 | 526 |
Name | iShares Russell Mid-Cap Value ETF |
iShares Russell Top 200 ETF |
iShares Russell Top 200 Growth ETF |
iShares Russell Top 200 Value ETF | ||||
Madhav V. Rajan | 5,978 | 395 | 1,609 | 526 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares S&P 100 ETF |
iShares S&P 500 Growth ETF |
iShares S&P 500 Value ETF |
iShares S&P Mid-Cap 400 Growth ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $3,180 | $14,069 | $9,688 | $3,648 | ||||
Richard L. Fagnani | 3,377 | 14,944 | 10,291 | 3,875 | ||||
Cecilia H. Herbert | 3,607 | 15,961 | 10,991 | 4,139 | ||||
John E. Kerrigan | 3,374 | 14,929 | 10,281 | 3,871 | ||||
Drew E. Lawton | 3,261 | 14,428 | 9,936 | 3,741 | ||||
John E. Martinez | 3,180 | 14,069 | 9,688 | 3,648 | ||||
Madhav V. Rajan | 3,180 | 14,069 | 9,688 | 3,648 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares S&P Mid-Cap 400 Value ETF |
iShares S&P Small-Cap 600 Growth ETF |
iShares S&P Small-Cap 600 Value ETF |
iShares Semiconductor ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $3,695 | $0 | $4,013 | $2,848 | ||||
Richard L. Fagnani | 3,925 | 0 | 4,263 | 3,025 | ||||
Cecilia H. Herbert | 4,192 | 0 | 4,553 | 3,231 | ||||
John E. Kerrigan | 3,921 | 0 | 4,258 | 3,022 | ||||
Drew E. Lawton | 3,790 | 0 | 4,115 | 2,921 | ||||
John E. Martinez | 3,695 | 0 | 4,013 | 2,848 | ||||
Madhav V. Rajan | 3,695 | 0 | 4,013 | 2,848 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares U.S. Aerospace & Defense ETF |
iShares U.S. Broker-Dealers & Securities Exchanges ETF |
iShares U.S. Healthcare Providers ETF |
iShares U.S. Home Construction ETF | ||||
Independent Trustees: | ||||||||
Name | iShares U.S. Aerospace & Defense ETF |
iShares U.S. Broker-Dealers & Securities Exchanges ETF |
iShares U.S. Healthcare Providers ETF |
iShares U.S. Home Construction ETF | ||||
Jane D. Carlin | $1,352 | $187 | $521 | $1,206 | ||||
Richard L. Fagnani | 1,437 | 198 | 554 | 1,281 | ||||
Cecilia H. Herbert | 1,534 | 212 | 591 | 1,368 | ||||
John E. Kerrigan | 1,435 | 198 | 553 | 1,279 | ||||
Drew E. Lawton | 1,387 | 192 | 535 | 1,236 | ||||
John E. Martinez | 1,352 | 187 | 521 | 1,206 | ||||
Madhav V. Rajan | 1,352 | 187 | 521 | 1,206 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares U.S. Infrastructure ETF |
iShares U.S. Insurance ETF |
iShares U.S. Medical Devices ETF |
iShares U.S. Oil & Gas Exploration & Production ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $158 | $39 | $3,456 | $111 | ||||
Richard L. Fagnani | 168 | 41 | 3,672 | 118 | ||||
Cecilia H. Herbert | 180 | 44 | 3,921 | 126 | ||||
John E. Kerrigan | 168 | 41 | 3,668 | 118 | ||||
Drew E. Lawton | 162 | 40 | 3,545 | 114 | ||||
John E. Martinez | 158 | 39 | 3,456 | 111 | ||||
Madhav V. Rajan | 158 | 39 | 3,456 | 111 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares U.S. Oil Equipment & Services ETF |
iShares U.S. Pharmaceuticals ETF |
iShares U.S. Real Estate ETF |
iShares U.S. Regional Banks ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $169 | $162 | $2,073 | $307 | ||||
Richard L. Fagnani | 180 | 172 | 2,202 | 326 | ||||
Cecilia H. Herbert | 192 | 183 | 2,352 | 348 | ||||
John E. Kerrigan | 180 | 172 | 2,200 | 326 | ||||
Drew E. Lawton | 174 | 166 | 2,126 | 315 | ||||
John E. Martinez | 169 | 162 | 2,073 | 307 | ||||
Madhav V. Rajan | 169 | 162 | 2,073 | 307 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares U.S. Telecommunications ETF |
iShares US Small Cap Value Factor5 | ||
Independent Trustees: | ||||
Jane D. Carlin | $194 | $52 | ||
Richard L. Fagnani | 206 | 55 | ||
Cecilia H. Herbert | 220 | 58 | ||
John E. Kerrigan | 206 | 55 | ||
Drew E. Lawton | 199 | 53 | ||
John E. Martinez | 194 | 52 | ||
Madhav V. Rajan | 194 | 52 | ||
Interested Trustees: | ||||
Robert S. Kapito | $0 | $0 | ||
Salim Ramji | 0 | 0 |
Name | Pension or Retirement Benefits Accrued As Part of Trust Expenses6 |
Estimated Annual Benefits Upon Retirement6 |
Total Compensation From the Funds and Fund Complex7 | |||
Independent Trustees: | ||||||
Jane D. Carlin | Not Applicable | Not Applicable | 420,000 | |||
Richard L. Fagnani | Not Applicable | Not Applicable | 446,764 | |||
Cecilia H. Herbert | Not Applicable | Not Applicable | 475,000 | |||
John E. Kerrigan | Not Applicable | Not Applicable | 445,000 | |||
Drew E. Lawton | Not Applicable | Not Applicable | 431,764 | |||
John E. Martinez | Not Applicable | Not Applicable | 420,000 | |||
Madhav V. Rajan | Not Applicable | Not Applicable | 420,000 | |||
Interested Trustees: | ||||||
Robert S. Kapito | Not Applicable | Not Applicable | $0 | |||
Salim Ramji | Not Applicable | Not Applicable | 0 |
1 | For the iShares ESG Screened S&P 500 ETF, compensation reported is from the Fund's inception date of September 22, 2020 to March 31, 2021. |
2 | For the iShares ESG Screened S&P Mid-Cap ETF, compensation reported is from the Fund's inception date of September 22, 2020 to March 31, 2021. |
3 | For the iShares ESG Screened S&P Small-Cap ETF, compensation reported is from the Fund's inception date of September 22, 2020 to March 31, 2021. |
4 | For the iShares International Developed Small Cap Value Factor ETF, compensation reported is from the Fund's inception date of March 23, 2021 to March 31, 2021. |
5 | For the iShares US Small Cap Value Factor ETF, compensation reported is from the Fund's inception date of October 27, 2020 to March 31, 2021. |
6 | No Trustee or officer is entitled to any pension or retirement benefits from the Trust. |
7 | Also includes compensation for service on the Board of Trustees of iShares U.S. ETF Trust and the Board of Directors of iShares, Inc. |
1 | With respect to the iShares Residential and Multisector Real Estate ETF, beneficial ownership of shares held in the names of the DTC participants is provided as of July 16, 2021. |
Fund | Name | Percentage of Ownership | ||
iShares Biotechnology ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
18.79% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.99% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.27% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
8.44% | |||
iShares Core S&P 500 ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.85% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.00% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.64% | |||
iShares Core S&P Mid-Cap ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
14.07% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
10.59% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.87% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
5.13% | |||
iShares Core S&P Small-Cap ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.84% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.45% |
Fund | Name | Percentage of Ownership | ||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
8.40% | |||
iShares Core S&P Total U.S. Stock Market ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
27.15% | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.66% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
6.47% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
5.95% | |||
Wells Fargo Bank, National Association 733 Marquette Ave 4th Floor Minneapolis, MN 55402 |
5.63% | |||
iShares Core S&P U.S. Growth ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
29.36% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
14.84% | |||
LPL Financial Corporation 9785 Towne Centre Drive San Diego, CA 92121-1968 |
13.12% | |||
Edward D. Jones & Co. 12555 Manchester Road Saint Louis, MO 63131 |
8.74% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
6.64% | |||
iShares Core S&P U.S. Value ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
34.67% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.55% | |||
LPL Financial Corporation 9785 Towne Centre Drive San Diego, CA 92121-1968 |
8.64% |
Fund | Name | Percentage of Ownership | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
6.91% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
6.43% | |||
iShares ESG Screened S&P 500 ETF | Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
76.44% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
6.51% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.60% | |||
iShares ESG Screened S&P Mid-Cap ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
26.72% | ||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
25.25% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
11.94% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
10.78% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
7.07% | |||
iShares ESG Screened S&P Small-Cap ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
21.77% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
18.02% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
14.72% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
14.53% |
Fund | Name | Percentage of Ownership | ||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
8.08% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.09% | |||
iShares Europe ETF | JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
33.52% | ||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
8.23% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
6.75% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
5.77% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
5.16% | |||
Euroclear Bank 1, Boulevard du Roi Albert II 1210 Brussels, Belgium |
5.03% | |||
iShares Expanded Tech Sector ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
16.09% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.01% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
10.59% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
5.51% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
5.10% | |||
iShares Expanded Tech-Software Sector ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.55% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
14.56% |
Fund | Name | Percentage of Ownership | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.97% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.11% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
5.96% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
5.40% | |||
iShares Factors US Growth Style ETF | State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
70.00% | ||
ABN AMRO Clearing Chicago LLC 175 West Jackson Boulevard Chicago, IL 60604 |
21.38% | |||
iShares Factors US Value Style ETF | TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
85.99% | ||
Morgan Stanley & Co. Incorporated One Pierrepont Plaza 8th Floor Brooklyn, NY 11201 |
5.52% | |||
iShares Focused Value Factor ETF | State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
29.57% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
13.56% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
11.73% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
8.26% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
6.97% | |||
ABN AMRO Clearing Chicago LLC 175 West Jackson Boulevard Chicago, IL 60604 |
6.89% |
Fund | Name | Percentage of Ownership | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.36% | |||
iShares Global Consumer Staples ETF | JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
19.38% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.19% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
9.54% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
6.42% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
5.21% | |||
iShares Global Energy ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.45% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
12.38% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
8.83% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
6.46% | |||
iShares Global Financials ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
27.06% | ||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
10.19% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
9.29% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.58% |
Fund | Name | Percentage of Ownership | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
6.59% | |||
LPL Financial Corporation 9785 Towne Centre Drive San Diego, CA 92121-1968 |
5.56% | |||
iShares Global Industrials ETF | BlackRock Institutional Trust Company, N.A. 400 Howard Street San Francisco, CA 94105 |
16.09% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
13.83% | |||
Bank of America, National Association GWIM TRUST OPERATIONS 411 N. Akard Street 5th Floor Dallas, TX 75201 |
10.21% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
6.88% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
6.46% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
6.22% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
5.76% | |||
iShares Global Infrastructure ETF | Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
24.02% | ||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
21.02% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
7.06% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
6.20% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
5.13% | |||
Fund | Name | Percentage of Ownership | ||
iShares Global Utilities ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.13% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.66% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
8.86% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
7.70% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
6.21% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
5.69% | |||
iShares International Developed Property ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
26.75% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.55% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
7.88% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.28% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
7.06% | |||
iShares International Developed Small Cap Value Factor ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
17.77% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.49% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
15.21% |
Fund | Name | Percentage of Ownership | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
8.93% | |||
J.P. Morgan Securities, LLC/JPMC 500 Stanton Christiana Road Newark, DE 19713 |
7.51% | |||
Goldman Sachs & Co. LLC 200 West Street New York, NY 10282-2198 |
7.38% | |||
iShares JPX-Nikkei 400 ETF | Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
11.47% | ||
J.P. Morgan Securities, LLC/JPMC 500 Stanton Christiana Road Newark, DE 19713 |
10.63% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.84% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
8.34% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
8.16% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
6.68% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
5.47% | |||
iShares Micro-Cap ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
25.91% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
22.89% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
10.94% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
5.21% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.07% | |||
Fund | Name | Percentage of Ownership | ||
iShares Mortgage Real Estate ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.54% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.53% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
10.93% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
8.67% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
6.37% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
6.32% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
6.01% | |||
iShares North American Natural Resources ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
13.48% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.65% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
11.89% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
11.69% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.95% | |||
VANGUARD Marketing Corporation 100 Vanguard Boulevard Malvern, PA 19355 |
5.06% | |||
iShares North American Tech-Multimedia Networking ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
25.93% |
Fund | Name | Percentage of Ownership | ||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
16.55% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
9.60% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
8.97% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
5.42% | |||
iShares Preferred and Income Securities ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.28% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
13.54% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
6.64% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
6.18% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.37% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
5.11% | |||
iShares Residential and Multisector Real Estate ETF1 | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
18.40% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
16.32% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
11.58% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
6.17% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.89% |
Fund | Name | Percentage of Ownership | ||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
5.09% | |||
iShares Russell 1000 ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
19.48% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
14.96% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.11% | |||
Edward D. Jones & Co. 12555 Manchester Road Saint Louis, MO 63131 |
5.47% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
5.11% | |||
iShares Russell 1000 Growth ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.68% | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
14.42% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
10.71% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
8.12% | |||
iShares Russell 1000 Value ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
14.58% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.78% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
11.70% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
5.43% |
Fund | Name | Percentage of Ownership | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.32% | |||
iShares Russell 2000 ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.15% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
10.46% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
7.65% | |||
Bank of America, National Association GWIM TRUST OPERATIONS 411 N. Akard Street 5th Floor Dallas, TX 75201 |
6.01% | |||
iShares Russell 2000 Growth ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.70% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
10.70% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
9.04% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.93% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.40% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
5.09% | |||
iShares Russell 2000 Value ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.84% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.00% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
9.39% |
Fund | Name | Percentage of Ownership | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.60% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.25% | |||
Edward D. Jones & Co. 12555 Manchester Road Saint Louis, MO 63131 |
5.09% | |||
iShares Russell 3000 ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
18.24% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
15.92% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.30% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.57% | |||
iShares Russell Mid-Cap ETF | Bank of America, National Association GWIM TRUST OPERATIONS 411 N. Akard Street 5th Floor Dallas, TX 75201 |
13.25% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
8.51% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
7.04% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
6.69% | |||
Wells Fargo Bank, National Association 733 Marquette Ave 4th Floor Minneapolis, MN 55402 |
5.39% | |||
iShares Russell Mid-Cap Growth ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
12.48% |
Fund | Name | Percentage of Ownership | ||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
11.18% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.71% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
9.44% | |||
iShares Russell Mid-Cap Value ETF | Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
14.81% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.53% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
9.95% | |||
Edward D. Jones & Co. 12555 Manchester Road Saint Louis, MO 63131 |
8.01% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
7.33% | |||
iShares Russell Top 200 ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
16.22% | ||
BMO Harris Bank N.A. 111 West Monroe Street, Floor 6E Chicago, IL 60690 |
16.13% | |||
Reliance Trust Company, FIS TrustDesk MKE 11277 West Park Place, Suite 300 Milwaukee, WI 53224 |
14.22% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.76% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
7.82% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.43% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.85% | |||
Fund | Name | Percentage of Ownership | ||
iShares Russell Top 200 Growth ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
19.94% | ||
Reliance Trust Company, FIS TrustDesk MKE 11277 West Park Place, Suite 300 Milwaukee, WI 53224 |
13.01% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.54% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
8.67% | |||
SEI Private Trust Company/C/O GWP 1 Freedom Valley Drive Oaks, PA 19456 |
7.29% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
5.82% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
5.55% | |||
iShares Russell Top 200 Value ETF | Reliance Trust Company, FIS TrustDesk MKE 11277 West Park Place, Suite 300 Milwaukee, WI 53224 |
25.41% | ||
SEI Private Trust Company/C/O GWP 1 Freedom Valley Drive Oaks, PA 19456 |
20.76% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.97% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
8.99% | |||
iShares S&P 100 ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
13.99% | ||
Edward D. Jones & Co. 12555 Manchester Road Saint Louis, MO 63131 |
13.17% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.92% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
8.96% |
Fund | Name | Percentage of Ownership | ||
Bank of America, National Association GWIM TRUST OPERATIONS 411 N. Akard Street 5th Floor Dallas, TX 75201 |
8.60% | |||
iShares S&P 500 Growth ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
18.63% | ||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
10.52% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.31% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
9.15% | |||
Edward D. Jones & Co. 12555 Manchester Road Saint Louis, MO 63131 |
5.67% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.35% | |||
iShares S&P 500 Value ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
18.54% | ||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
12.73% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
10.10% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
7.94% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.76% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
5.61% | |||
iShares S&P Mid-Cap 400 Growth ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.92% |
Fund | Name | Percentage of Ownership | ||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
9.65% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
8.86% | |||
Wells Fargo Bank, National Association 733 Marquette Ave 4th Floor Minneapolis, MN 55402 |
8.02% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
6.22% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.56% | |||
iShares S&P Mid-Cap 400 Value ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.99% | ||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
13.29% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
10.01% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
7.72% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.50% | |||
iShares S&P Small-Cap 600 Growth ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
19.23% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.26% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
9.24% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.19% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
5.68% | |||
Fund | Name | Percentage of Ownership | ||
iShares S&P Small-Cap 600 Value ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
20.52% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
15.18% | |||
Edward D. Jones & Co. 12555 Manchester Road Saint Louis, MO 63131 |
14.29% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.25% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
5.64% | |||
iShares Semiconductor ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
14.38% | ||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
12.12% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.09% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
8.77% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.66% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.62% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
5.10% | |||
iShares U.S. Aerospace & Defense ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
13.86% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
10.51% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
8.44% |
Fund | Name | Percentage of Ownership | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.06% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
6.13% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.78% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
5.72% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.62% | |||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
35.90% | ||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
13.36% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
7.03% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
6.75% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
5.37% | |||
iShares U.S. Healthcare Providers ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
28.33% | ||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
12.17% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.27% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.97% |
Fund | Name | Percentage of Ownership | ||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
5.93% | |||
iShares U.S. Home Construction ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
13.89% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.52% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
8.29% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.23% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
7.10% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
6.38% | |||
iShares U.S. Infrastructure ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
12.74% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.38% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
11.35% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
8.63% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
7.98% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
6.82% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.49% | |||
Fund | Name | Percentage of Ownership | ||
iShares U.S. Insurance ETF | BNP Paribas, New York Branch/Custody Services 525 Washington BLVD. Jersey City, NJ 07310 |
24.74% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
12.52% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
8.27% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.82% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.39% | |||
iShares U.S. Medical Devices ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.02% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.43% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
6.61% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.47% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
5.25% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.16% | |||
iShares U.S. Oil & Gas Exploration & Production ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
17.86% | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
10.92% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.66% |
Fund | Name | Percentage of Ownership | ||
Raymond, James & Associates, Inc. 880 Carillon Parkway P.O. Box 12749 St. Petersburg, FL 33733 |
8.99% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.14% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
5.83% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
5.74% | |||
iShares U.S. Oil Equipment & Services ETF | Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
14.38% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
13.33% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.99% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
7.86% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
7.78% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.15% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.93% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
5.67% | |||
iShares U.S. Pharmaceuticals ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.67% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.26% |
Fund | Name | Percentage of Ownership | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
8.43% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
7.28% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
6.71% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
6.10% | |||
iShares U.S. Real Estate ETF | Barclays Bank PLC (New York Branch) 745 Seventh Avenue New York, New York 10019 |
16.88% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.11% | |||
CIBC World Markets Inc./CDS 161 Bay Street 10th Floor Toronto, ON M5J 258 CA |
7.63% | |||
iShares U.S. Regional Banks ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
14.39% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
10.02% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
8.92% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.60% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
7.10% | |||
Raymond, James & Associates, Inc. 880 Carillon Parkway P.O. Box 12749 St. Petersburg, FL 33733 |
6.05% | |||
Fund | Name | Percentage of Ownership | ||
iShares U.S. Telecommunications ETF | Morgan Stanley & Co. Incorporated One Pierrepont Plaza 8th Floor Brooklyn, NY 11201 |
21.40% | ||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
10.91% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
10.09% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
8.10% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
6.84% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
6.23% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.46% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
5.07% | |||
iShares US Small Cap Value Factor ETF | State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
32.82% | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
20.19% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
13.71% | |||
Interactive Brokers Retail Equity Clearing 8 Greenwich Office Park Greenwich, CT 06831 |
6.80% |
1 | With respect to the iShares Residential and Multisector Real Estate ETF, beneficial ownership of shares held in the names of the DTC participants is provided as of July 16, 2021. |
Fund | Management Fee for the Fiscal Year Ended March 31, 2021 |
Fund Inception Date |
Management Fees Paid Net of Waivers for Fiscal Year Ended March 31, 2021 |
Management Fees Paid Net of Waivers for Fiscal Year Ended March 31, 2020 |
Management Fees Paid Net of Waivers for Fiscal Year Ended March 31, 2019 | |||||
iShares Biotechnology ETF | 0.45% | 02/05/01 | $43,022,522 | 33,317,845 | 40,352,267 | |||||
iShares Core S&P 500 ETF1 | 0.03% | 05/15/00 | 69,436,582 | $74,924,021 | $62,132,849 | |||||
iShares Core S&P Mid-Cap ETF2 | 0.05% | 05/22/00 | 24,781,969 | 33,218,024 | 32,885,361 | |||||
iShares Core S&P Small-Cap ETF3 | 0.06% | 05/22/00 | 29,516,775 | 30,926,871 | 29,770,009 | |||||
iShares Core S&P Total U.S. Stock Market ETF | 0.03% | 01/20/04 | 8,566,779 | 6,752,170 | 4,621,214 | |||||
iShares Core S&P U.S. Growth ETF4,5 | 0.04% | 07/24/00 | 3,779,834 | 2,802,987 | 2,053,877 | |||||
iShares Core S&P U.S. Value ETF6,7 | 0.04% | 07/24/00 | 2,764,320 | 2,410,447 | 1,821,335 | |||||
iShares ESG Screened S&P 500 ETF | 0.08% | 09/22/20 | 4,340 | N/A | N/A | |||||
iShares ESG Screened S&P Mid-Cap ETF | 0.12% | 09/22/20 | 7,032 | N/A | N/A | |||||
iShares ESG Screened S&P Small-Cap ETF | 0.12% | 09/22/20 | 4,603 | N/A | N/A | |||||
iShares Europe ETF | 0.59% | 07/25/00 | 8,644,209 | 10,144,672 | 13,701,876 | |||||
iShares Expanded Tech Sector ETF | 0.43% | 03/13/01 | 11,758,120 | 7,891,981 | 7,000,292 | |||||
iShares Expanded Tech-Software Sector ETF | 0.43% | 07/10/01 | 21,759,846 | 12,995,214 | 9,059,494 | |||||
iShares Factors US Growth Style ETF | 0.25% | 01/14/20 | 12,194 | 2,452 | N/A | |||||
iShares Factors US Value Style ETF | 0.25% | 01/14/20 | 15,225 | 2,360 | N/A | |||||
iShares Focused Value Factor ETF | 0.25% | 03/19/19 | 60,220 | 75,293 | 2,584 | |||||
iShares Global Consumer Staples ETF | 0.43% | 09/12/06 | 2,645,526 | 3,590,044 | 2,775,830 | |||||
iShares Global Energy ETF | 0.43% | 11/12/01 | 4,371,486 | 4,063,298 | 6,618,817 | |||||
iShares Global Financials ETF | 0.43% | 11/12/01 | 1,199,466 | 1,605,234 | 2,193,570 | |||||
iShares Global Industrials ETF | 0.43% | 09/12/06 | 1,249,849 | 1,037,852 | 1,066,835 | |||||
iShares Global Infrastructure ETF | 0.43% | 12/10/07 | 13,298,158 | 14,567,869 | 12,129,701 |
Fund | Management Fee for the Fiscal Year Ended March 31, 2021 |
Fund Inception Date |
Management Fees Paid Net of Waivers for Fiscal Year Ended March 31, 2021 |
Management Fees Paid Net of Waivers for Fiscal Year Ended March 31, 2020 |
Management Fees Paid Net of Waivers for Fiscal Year Ended March 31, 2019 | |||||
iShares Global Utilities ETF | 0.43% | 09/12/06 | 653,563 | 975,604 | 808,901 | |||||
iShares International Developed Property ETF | 0.48% | 07/30/07 | 418,471 | 573,387 | 740,643 | |||||
iShares International Developed Small Cap Value Factor ETF8 | 0.40% | 03/23/21 | 397 | N/A | N/A | |||||
iShares JPX-Nikkei 400 ETF | 0.48% | 10/23/01 | 431,089 | 504,105 | 552,066 | |||||
iShares Micro-Cap ETF | 0.60% | 08/12/05 | 5,201,740 | 4,949,924 | 5,879,853 | |||||
iShares Mortgage Real Estate ETF | 0.48% | 05/01/07 | 5,232,076 | 6,239,681 | 5,537,565 | |||||
iShares North American Natural Resources ETF | 0.43% | 10/22/01 | 1,561,611 | 2,539,091 | 4,158,779 | |||||
iShares North American Tech-Multimedia Networking ETF | 0.43% | 07/10/01 | 243,993 | 440,707 | 295,744 | |||||
iShares Preferred and Income Securities ETF | 0.46% | 03/26/07 | 78,580,680 | 74,532,199 | 71,662,596 | |||||
iShares Residential and Multisector Real Estate ETF | 0.48% | 05/01/07 | 1,826,559 | 2,433,983 | 1,557,123 | |||||
iShares Russell 1000 ETF | 0.15% | 05/15/00 | 35,516,656 | 31,099,669 | 28,891,918 | |||||
iShares Russell 1000 Growth ETF | 0.19% | 05/22/00 | 109,342,698 | 88,623,531 | 81,066,625 | |||||
iShares Russell 1000 Value ETF | 0.19% | 05/22/00 | 73,057,751 | 75,215,158 | 72,296,148 | |||||
iShares Russell 2000 ETF | 0.19% | 05/22/00 | 90,697,637 | 82,712,541 | 86,432,537 | |||||
iShares Russell 2000 Growth ETF | 0.24% | 07/24/00 | 23,925,121 | 21,923,827 | 23,820,419 | |||||
iShares Russell 2000 Value ETF | 0.24% | 07/24/00 | 23,543,815 | 21,691,959 | 23,374,879 | |||||
iShares Russell 3000 ETF | 0.20% | 05/22/00 | 19,785,315 | 19,171,357 | 17,791,366 | |||||
iShares Russell Mid-Cap ETF | 0.19% | 07/17/01 | 41,419,168 | 38,318,932 | 34,171,037 | |||||
iShares Russell Mid-Cap Growth ETF | 0.23% | 07/17/01 | 31,531,084 | 26,392,390 | 22,011,635 | |||||
iShares Russell Mid-Cap Value ETF | 0.23% | 07/17/01 | 24,870,342 | 26,350,943 | 26,404,854 | |||||
iShares Russell Top 200 ETF | 0.15% | 09/22/09 | 1,134,570 | 424,813 | 250,017 | |||||
iShares Russell Top 200 Growth ETF | 0.20% | 09/22/09 | 5,931,864 | 3,141,738 | 2,332,597 | |||||
iShares Russell Top 200 Value ETF | 0.20% | 09/22/09 | 1,497,672 | 932,744 | 687,009 | |||||
iShares S&P 100 ETF | 0.20% | 10/23/00 | 13,525,268 | 10,413,242 | 9,563,478 | |||||
iShares S&P 500 Growth ETF | 0.18% | 05/22/00 | 53,306,907 | 42,676,987 | 38,556,294 | |||||
iShares S&P 500 Value ETF | 0.18% | 05/22/00 | 30,589,520 | 28,889,406 | 27,220,301 | |||||
iShares S&P Mid-Cap 400 Growth ETF9 | 0.17% | 07/24/00 | 14,082,702 | 17,626,271 | 18,717,827 | |||||
iShares S&P Mid-Cap 400 Value ETF10 | 0.18% | 07/24/00 | 10,954,940 | 15,415,355 | 14,907,782 | |||||
iShares S&P Small-Cap 600 Growth ETF11 | 0.18% | 07/24/00 | 10,104,212 | 13,150,607 | 15,147,750 | |||||
iShares S&P Small-Cap 600 Value ETF12 | 0.18% | 07/24/00 | 11,995,641 | 15,214,258 | 15,183,210 | |||||
iShares Semiconductor ETF | 0.43% | 07/10/01 | 17,190,459 | 8,388,652 | 6,666,118 | |||||
iShares U.S. Aerospace & Defense ETF | 0.42% | 05/01/06 | 11,919,557 | 21,997,510 | 23,331,067 | |||||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | 0.41% | 05/01/06 | 647,588 | 993,296 | 1,386,691 | |||||
iShares U.S. Healthcare Providers ETF | 0.42% | 05/01/06 | 4,161,177 | 3,633,778 | 3,478,792 | |||||
iShares U.S. Home Construction ETF | 0.41% | 05/01/06 | 7,732,555 | 5,122,351 | 4,768,073 | |||||
iShares U.S. Infrastructure ETF13 | 0.40% | 04/03/18 | 292,940 | 25,910 | 13,679 | |||||
iShares U.S. Insurance ETF | 0.42% | 05/01/06 | 271,933 | 427,882 | 471,811 | |||||
iShares U.S. Medical Devices ETF | 0.41% | 05/01/06 | 32,322,722 | 17,643,706 | 11,341,826 | |||||
iShares U.S. Oil & Gas Exploration & Production ETF | 0.42% | 05/01/06 | 778,748 | 924,540 | 1,841,405 | |||||
iShares U.S. Oil Equipment & Services ETF | 0.41% | 05/01/06 | 504,616 | 403,788 | 1,041,699 | |||||
iShares U.S. Pharmaceuticals ETF | 0.42% | 05/01/06 | 1,465,895 | 1,433,214 | 1,706,911 | |||||
iShares U.S. Real Estate ETF | 0.41% | 06/12/00 | 16,342,186 | 18,802,776 | 16,465,653 | |||||
iShares U.S. Regional Banks ETF | 0.41% | 05/01/06 | 1,180,280 | 1,770,835 | 3,277,841 | |||||
iShares U.S. Telecommunications ETF | 0.42% | 05/22/00 | 1,562,055 | 1,774,010 | 1,886,454 |
Fund | Management Fee for the Fiscal Year Ended March 31, 2021 |
Fund Inception Date |
Management Fees Paid Net of Waivers for Fiscal Year Ended March 31, 2021 |
Management Fees Paid Net of Waivers for Fiscal Year Ended March 31, 2020 |
Management Fees Paid Net of Waivers for Fiscal Year Ended March 31, 2019 | |||||
iShares US Small Cap Value Factor ETF14 | 0.30% | 10/27/20 | 43,166 | N/A | N/A |
1 | Effective June 25, 2020, the management fee for the iShares Core S&P 500 ETF is 0.03%. Prior to June 25, 2020, the management fee for the iShares Core S&P 500 ETF was 0.04%. |
2 | Effective June 25, 2020, the management fee for the iShares Core S&P Mid-Cap ETF is 0.05%. From December 13, 2019 to June 24, 2020, the management fee for the iShares Core S&P Mid-Cap ETF was 0.06%. Prior to December 13, 2019, the management fee for the iShares Core S&P Mid-Cap ETF was 0.07%. |
3 | Effective June 25, 2020, the management fee for the iShares Core S&P Small-Cap ETF is 0.06%. Prior to June 25, 2020, the management fee for the iShares Core S&P Small-Cap ETF was 0.07%. |
4 | Effective June 26, 2018, the management fee for the iShares Core S&P U.S. Growth ETF is 0.04%. Prior to June 26, 2018, the management fee for the iShares Core S&P U.S. Growth ETF was 0.05%. |
5 | For the iShares Core S&P U.S. Growth ETF, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.04% effective June 1, 2018 through May 30, 2023. The contractual waiver was discontinued beginning on June 26, 2018. For the fiscal year ended March 31, 2019, BFA waived $29,398 of management fees. |
6 | Effective June 26, 2018, the management fee for the iShares Core S&P U.S. Value ETF is 0.04%. Prior to June 26, 2018, the management fee for the iShares Core S&P U.S. Value ETF was 0.05%. |
7 | For the iShares Core S&P U.S. Value ETF, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.04% effective June 1, 2018 through May 30, 2023. The contractual waiver was discontinued beginning on June 26, 2018. For the fiscal year ended March 31, 2019, BFA waived $26,299 of management fees. |
8 | For the iShares International Developed Small Cap Value Factor ETF, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.30% effective November 9, 2020 through March 31, 2023. The contractual waiver may be terminated prior to March 31, 2023 only upon written agreement of the Trust and BFA. For the fiscal year ended March 31, 2021, BFA waived $132 of management fees. |
9 | Effective October 19, 2020, the management fee for the iShares S&P Mid-Cap 400 Growth ETF is 0.17%. Prior to October 19, 2020, the management fee for the iShares S&P Mid-Cap 400 Growth ETF was 0.24%. |
10 | Effective October 19, 2020, the management fee for the iShares S&P Mid-Cap 400 Value ETF is 0.18%. Prior to October 19, 2020, the management fee for the iShares S&P Mid-Cap 400 Value ETF was 0.25%. |
11 | Effective October 19, 2020, the management fee for the iShares S&P Small-Cap 600 Growth ETF is 0.18%. Prior to October 19, 2020, the management fee for the iShares S&P Small-Cap 600 Growth ETF was 0.25%. |
12 | Effective October 19, 2020, the management fee for the iShares S&P Small-Cap 600 Value ETF is 0.18%. Prior to October 19, 2020, the management fee for the iShares S&P Small-Cap 600 Value ETF was 0.25%. |
13 | Effective October 20, 2021, the management fee for the iShares U.S. Infrastructure ETF is 0.30%. Prior to October 20, 2021, the management fee for the iShares U.S. Infrastructure ETF was 0.40%. |
14 | Effective November 9, 2020, for the iShares US Small Cap Value Factor ETF, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.20% effective November 9, 2020 through March 31, 2023. The contractual waiver may be terminated prior to March 31, 2023 only upon written agreement of the Trust and BFA. For the fiscal year ended March 31, 2021, BFA waived $21,391 of management fees. |
Jennifer Hsui | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 195 | $634,081,000,000 | ||
Other Pooled Investment Vehicles | 57 | 86,063,000,000 | ||
Other Accounts | 25 | 28,568,000,000 |
Alan Mason | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 200 | $634,811,000,000 | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 2 | 845,000,000 |
Greg Savage | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 193 | $622,526,000,000 | ||
Other Pooled Investment Vehicles | 30 | 2,605,000,000 | ||
Other Accounts | 65 | 15,924,000,000 |
Amy Whitelaw | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 195 | $631,439,000,000 | ||
Other Pooled Investment Vehicles | 96 | 44,113,000,000 | ||
Other Accounts | 3 | 131,000,000 |
Jennifer Hsui | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Alan Mason | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Greg Savage | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 1 | $2,998,410,000 |
Amy Whitelaw | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Jennifer Hsui | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares Biotechnology ETF | X | ||||||||||||||
iShares Core S&P 500 ETF | X | ||||||||||||||
iShares Core S&P Mid-Cap ETF | X | ||||||||||||||
iShares Core S&P Small-Cap ETF | X | ||||||||||||||
iShares Core S&P Total U.S. Stock Market ETF | X | ||||||||||||||
iShares Core S&P U.S. Growth ETF | X | ||||||||||||||
iShares Core S&P U.S. Value ETF | X | ||||||||||||||
iShares ESG Screened S&P 500 ETF | X | ||||||||||||||
iShares ESG Screened S&P Mid-Cap ETF | X | ||||||||||||||
iShares ESG Screened S&P Small-Cap ETF | X | ||||||||||||||
iShares Europe ETF | X | ||||||||||||||
iShares Expanded Tech Sector ETF | X | ||||||||||||||
iShares Expanded Tech-Software Sector ETF | X | ||||||||||||||
iShares Factors US Growth Style ETF | X | ||||||||||||||
iShares Factors US Value Style ETF | X | ||||||||||||||
iShares Focused Value Factor ETF | X | ||||||||||||||
iShares Global Consumer Staples ETF | X | ||||||||||||||
iShares Global Energy ETF | X | ||||||||||||||
iShares Global Financials ETF | X | ||||||||||||||
iShares Global Industrials ETF | X | ||||||||||||||
iShares Global Infrastructure ETF | X | ||||||||||||||
iShares Global Utilities ETF | X | ||||||||||||||
iShares International Developed Property ETF | X | ||||||||||||||
iShares International Developed Small Cap Value Factor ETF | X | ||||||||||||||
iShares JPX-Nikkei 400 ETF | X | ||||||||||||||
iShares Micro-Cap ETF | X | ||||||||||||||
iShares Mortgage Real Estate ETF | X | ||||||||||||||
iShares North American Natural Resources ETF | X | ||||||||||||||
iShares North American Tech-Multimedia Networking ETF | X | ||||||||||||||
iShares Preferred and Income Securities ETF | X | ||||||||||||||
iShares Residential and Multisector Real Estate ETF | X | ||||||||||||||
iShares Russell 1000 ETF | X | ||||||||||||||
iShares Russell 1000 Growth ETF | X | ||||||||||||||
iShares Russell 1000 Value ETF | X | ||||||||||||||
iShares Russell 2000 ETF | X | ||||||||||||||
iShares Russell 2000 Growth ETF | X | ||||||||||||||
iShares Russell 2000 Value ETF | X | ||||||||||||||
iShares Russell 3000 ETF | X | ||||||||||||||
iShares Russell Mid-Cap ETF | X | ||||||||||||||
iShares Russell Mid-Cap Growth ETF | X | ||||||||||||||
iShares Russell Mid-Cap Value ETF | X | ||||||||||||||
iShares Russell Top 200 ETF | X | ||||||||||||||
iShares Russell Top 200 Growth ETF | X |
Jennifer Hsui | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares Russell Top 200 Value ETF | X | ||||||||||||||
iShares S&P 100 ETF | X | ||||||||||||||
iShares S&P 500 Growth ETF | X | ||||||||||||||
iShares S&P 500 Value ETF | X | ||||||||||||||
iShares S&P Mid-Cap 400 Growth ETF | X | ||||||||||||||
iShares S&P Mid-Cap 400 Value ETF | X | ||||||||||||||
iShares S&P Small-Cap 600 Growth ETF | X | ||||||||||||||
iShares S&P Small-Cap 600 Value ETF | X | ||||||||||||||
iShares Semiconductor ETF | X | ||||||||||||||
iShares U.S. Aerospace & Defense ETF | X | ||||||||||||||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | X | ||||||||||||||
iShares U.S. Healthcare Providers ETF | X | ||||||||||||||
iShares U.S. Home Construction ETF | X | ||||||||||||||
iShares U.S. Infrastructure ETF | X | ||||||||||||||
iShares U.S. Insurance ETF | X | ||||||||||||||
iShares U.S. Medical Devices ETF | X | ||||||||||||||
iShares U.S. Oil & Gas Exploration & Production ETF | X | ||||||||||||||
iShares U.S. Oil Equipment & Services ETF | X | ||||||||||||||
iShares U.S. Pharmaceuticals ETF | X | ||||||||||||||
iShares U.S. Real Estate ETF | X | ||||||||||||||
iShares U.S. Regional Banks ETF | X | ||||||||||||||
iShares U.S. Telecommunications ETF | X | ||||||||||||||
iShares US Small Cap Value Factor ETF | X |
Alan Mason | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares Biotechnology ETF | X | ||||||||||||||
iShares Core S&P 500 ETF | X | ||||||||||||||
iShares Core S&P Mid-Cap ETF | X | ||||||||||||||
iShares Core S&P Small-Cap ETF | X | ||||||||||||||
iShares Core S&P Total U.S. Stock Market ETF | X | ||||||||||||||
iShares Core S&P U.S. Growth ETF | X | ||||||||||||||
iShares Core S&P U.S. Value ETF | X | ||||||||||||||
iShares ESG Screened S&P 500 ETF | X | ||||||||||||||
iShares ESG Screened S&P Mid-Cap ETF | X | ||||||||||||||
iShares ESG Screened S&P Small-Cap ETF | X | ||||||||||||||
iShares Europe ETF | X | ||||||||||||||
iShares Expanded Tech Sector ETF | X | ||||||||||||||
iShares Expanded Tech-Software Sector ETF | X | ||||||||||||||
iShares Factors US Growth Style ETF | X | ||||||||||||||
iShares Factors US Value Style ETF | X |
Alan Mason | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares Focused Value Factor ETF | X | ||||||||||||||
iShares Global Consumer Staples ETF | X | ||||||||||||||
iShares Global Energy ETF | X | ||||||||||||||
iShares Global Financials ETF | X | ||||||||||||||
iShares Global Industrials ETF | X | ||||||||||||||
iShares Global Infrastructure ETF | X | ||||||||||||||
iShares Global Utilities ETF | X | ||||||||||||||
iShares International Developed Property ETF | X | ||||||||||||||
iShares International Developed Small Cap Value Factor ETF | X | ||||||||||||||
iShares JPX-Nikkei 400 ETF | X | ||||||||||||||
iShares Micro-Cap ETF | X | ||||||||||||||
iShares Mortgage Real Estate ETF | X | ||||||||||||||
iShares North American Natural Resources ETF | X | ||||||||||||||
iShares North American Tech-Multimedia Networking ETF | X | ||||||||||||||
iShares Preferred and Income Securities ETF | X | ||||||||||||||
iShares Residential and Multisector Real Estate ETF | X | ||||||||||||||
iShares Russell 1000 ETF | X | ||||||||||||||
iShares Russell 1000 Growth ETF | X | ||||||||||||||
iShares Russell 1000 Value ETF | X | ||||||||||||||
iShares Russell 2000 ETF | X | ||||||||||||||
iShares Russell 2000 Growth ETF | X | ||||||||||||||
iShares Russell 2000 Value ETF | X | ||||||||||||||
iShares Russell 3000 ETF | X | ||||||||||||||
iShares Russell Mid-Cap ETF | X | ||||||||||||||
iShares Russell Mid-Cap Growth ETF | X | ||||||||||||||
iShares Russell Mid-Cap Value ETF | X | ||||||||||||||
iShares Russell Top 200 ETF | X | ||||||||||||||
iShares Russell Top 200 Growth ETF | X | ||||||||||||||
iShares Russell Top 200 Value ETF | X | ||||||||||||||
iShares S&P 100 ETF | X | ||||||||||||||
iShares S&P 500 Growth ETF | X | ||||||||||||||
iShares S&P 500 Value ETF | X | ||||||||||||||
iShares S&P Mid-Cap 400 Growth ETF | X | ||||||||||||||
iShares S&P Mid-Cap 400 Value ETF | X | ||||||||||||||
iShares S&P Small-Cap 600 Growth ETF | X | ||||||||||||||
iShares S&P Small-Cap 600 Value ETF | X | ||||||||||||||
iShares Semiconductor ETF | X | ||||||||||||||
iShares U.S. Aerospace & Defense ETF | X | ||||||||||||||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | X | ||||||||||||||
iShares U.S. Healthcare Providers ETF | X | ||||||||||||||
iShares U.S. Home Construction ETF | X | ||||||||||||||
iShares U.S. Infrastructure ETF | X |
Alan Mason | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares U.S. Insurance ETF | X | ||||||||||||||
iShares U.S. Medical Devices ETF | X | ||||||||||||||
iShares U.S. Oil & Gas Exploration & Production ETF | X | ||||||||||||||
iShares U.S. Oil Equipment & Services ETF | X | ||||||||||||||
iShares U.S. Pharmaceuticals ETF | X | ||||||||||||||
iShares U.S. Real Estate ETF | X | ||||||||||||||
iShares U.S. Regional Banks ETF | X | ||||||||||||||
iShares U.S. Telecommunications ETF | X | ||||||||||||||
iShares US Small Cap Value Factor ETF | X |
Greg Savage | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares Biotechnology ETF | X | ||||||||||||||
iShares Core S&P 500 ETF | X | ||||||||||||||
iShares Core S&P Mid-Cap ETF | X | ||||||||||||||
iShares Core S&P Small-Cap ETF | X | ||||||||||||||
iShares Core S&P Total U.S. Stock Market ETF | X | ||||||||||||||
iShares Core S&P U.S. Growth ETF | X | ||||||||||||||
iShares Core S&P U.S. Value ETF | X | ||||||||||||||
iShares ESG Screened S&P 500 ETF | X | ||||||||||||||
iShares ESG Screened S&P Mid-Cap ETF | X | ||||||||||||||
iShares ESG Screened S&P Small-Cap ETF | X | ||||||||||||||
iShares Europe ETF | X | ||||||||||||||
iShares Expanded Tech Sector ETF | X | ||||||||||||||
iShares Expanded Tech-Software Sector ETF | X | ||||||||||||||
iShares Factors US Growth Style ETF | X | ||||||||||||||
iShares Factors US Value Style ETF | X | ||||||||||||||
iShares Focused Value Factor ETF | X | ||||||||||||||
iShares Global Consumer Staples ETF | X | ||||||||||||||
iShares Global Energy ETF | X | ||||||||||||||
iShares Global Financials ETF | X | ||||||||||||||
iShares Global Industrials ETF | X | ||||||||||||||
iShares Global Infrastructure ETF | X | ||||||||||||||
iShares Global Utilities ETF | X | ||||||||||||||
iShares International Developed Property ETF | X | ||||||||||||||
iShares International Developed Small Cap Value Factor ETF | X | ||||||||||||||
iShares JPX-Nikkei 400 ETF | X | ||||||||||||||
iShares Micro-Cap ETF | X | ||||||||||||||
iShares Mortgage Real Estate ETF | X | ||||||||||||||
iShares North American Natural Resources ETF | X |
Greg Savage | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares North American Tech-Multimedia Networking ETF | X | ||||||||||||||
iShares Preferred and Income Securities ETF | X | ||||||||||||||
iShares Residential and Multisector Real Estate ETF | X | ||||||||||||||
iShares Russell 1000 ETF | X | ||||||||||||||
iShares Russell 1000 Growth ETF | X | ||||||||||||||
iShares Russell 1000 Value ETF | X | ||||||||||||||
iShares Russell 2000 ETF | X | ||||||||||||||
iShares Russell 2000 Growth ETF | X | ||||||||||||||
iShares Russell 2000 Value ETF | X | ||||||||||||||
iShares Russell 3000 ETF | X | ||||||||||||||
iShares Russell Mid-Cap ETF | X | ||||||||||||||
iShares Russell Mid-Cap Growth ETF | X | ||||||||||||||
iShares Russell Mid-Cap Value ETF | X | ||||||||||||||
iShares Russell Top 200 ETF | X | ||||||||||||||
iShares Russell Top 200 Growth ETF | X | ||||||||||||||
iShares Russell Top 200 Value ETF | X | ||||||||||||||
iShares S&P 100 ETF | X | ||||||||||||||
iShares S&P 500 Growth ETF | X | ||||||||||||||
iShares S&P 500 Value ETF | X | ||||||||||||||
iShares S&P Mid-Cap 400 Growth ETF | X | ||||||||||||||
iShares S&P Mid-Cap 400 Value ETF | X | ||||||||||||||
iShares S&P Small-Cap 600 Growth ETF | X | ||||||||||||||
iShares S&P Small-Cap 600 Value ETF | X | ||||||||||||||
iShares Semiconductor ETF | X | ||||||||||||||
iShares U.S. Aerospace & Defense ETF | X | ||||||||||||||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | X | ||||||||||||||
iShares U.S. Healthcare Providers ETF | X | ||||||||||||||
iShares U.S. Home Construction ETF | X | ||||||||||||||
iShares U.S. Infrastructure ETF | X | ||||||||||||||
iShares U.S. Insurance ETF | X | ||||||||||||||
iShares U.S. Medical Devices ETF | X | ||||||||||||||
iShares U.S. Oil & Gas Exploration & Production ETF | X | ||||||||||||||
iShares U.S. Oil Equipment & Services ETF | X | ||||||||||||||
iShares U.S. Pharmaceuticals ETF | X | ||||||||||||||
iShares U.S. Real Estate ETF | X | ||||||||||||||
iShares U.S. Regional Banks ETF | X | ||||||||||||||
iShares U.S. Telecommunications ETF | X | ||||||||||||||
iShares US Small Cap Value Factor ETF | X |
Amy Whitelaw | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares Biotechnology ETF | X | ||||||||||||||
iShares Core S&P 500 ETF | X | ||||||||||||||
iShares Core S&P Mid-Cap ETF | X | ||||||||||||||
iShares Core S&P Small-Cap ETF | X | ||||||||||||||
iShares Core S&P Total U.S. Stock Market ETF | X | ||||||||||||||
iShares Core S&P U.S. Growth ETF | X | ||||||||||||||
iShares Core S&P U.S. Value ETF | X | ||||||||||||||
iShares ESG Screened S&P 500 ETF | X | ||||||||||||||
iShares ESG Screened S&P Mid-Cap ETF | X | ||||||||||||||
iShares ESG Screened S&P Small-Cap ETF | X | ||||||||||||||
iShares Europe ETF | X | ||||||||||||||
iShares Expanded Tech Sector ETF | X | ||||||||||||||
iShares Expanded Tech-Software Sector ETF | X | ||||||||||||||
iShares Factors US Growth Style ETF | X | ||||||||||||||
iShares Factors US Value Style ETF | X | ||||||||||||||
iShares Focused Value Factor ETF | X | ||||||||||||||
iShares Global Consumer Staples ETF | X | ||||||||||||||
iShares Global Energy ETF | X | ||||||||||||||
iShares Global Financials ETF | X | ||||||||||||||
iShares Global Industrials ETF | X | ||||||||||||||
iShares Global Infrastructure ETF | X | ||||||||||||||
iShares Global Utilities ETF | X | ||||||||||||||
iShares International Developed Property ETF | X | ||||||||||||||
iShares International Developed Small Cap Value Factor ETF | X | ||||||||||||||
iShares JPX-Nikkei 400 ETF | X | ||||||||||||||
iShares Micro-Cap ETF | X | ||||||||||||||
iShares Mortgage Real Estate ETF | X | ||||||||||||||
iShares North American Natural Resources ETF | X | ||||||||||||||
iShares North American Tech-Multimedia Networking ETF | X | ||||||||||||||
iShares Preferred and Income Securities ETF | X | ||||||||||||||
iShares Residential and Multisector Real Estate ETF | X | ||||||||||||||
iShares Russell 1000 ETF | X | ||||||||||||||
iShares Russell 1000 Growth ETF | X | ||||||||||||||
iShares Russell 1000 Value ETF | X | ||||||||||||||
iShares Russell 2000 ETF | X | ||||||||||||||
iShares Russell 2000 Growth ETF | X | ||||||||||||||
iShares Russell 2000 Value ETF | X | ||||||||||||||
iShares Russell 3000 ETF | X | ||||||||||||||
iShares Russell Mid-Cap ETF | X | ||||||||||||||
iShares Russell Mid-Cap Growth ETF | X | ||||||||||||||
iShares Russell Mid-Cap Value ETF | X | ||||||||||||||
iShares Russell Top 200 ETF | X | ||||||||||||||
iShares Russell Top 200 Growth ETF | X |
Amy Whitelaw | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares Russell Top 200 Value ETF | X | ||||||||||||||
iShares S&P 100 ETF | X | ||||||||||||||
iShares S&P 500 Growth ETF | X | ||||||||||||||
iShares S&P 500 Value ETF | X | ||||||||||||||
iShares S&P Mid-Cap 400 Growth ETF | X | ||||||||||||||
iShares S&P Mid-Cap 400 Value ETF | X | ||||||||||||||
iShares S&P Small-Cap 600 Growth ETF | X | ||||||||||||||
iShares S&P Small-Cap 600 Value ETF | X | ||||||||||||||
iShares Semiconductor ETF | X | ||||||||||||||
iShares U.S. Aerospace & Defense ETF | X | ||||||||||||||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | X | ||||||||||||||
iShares U.S. Healthcare Providers ETF | X | ||||||||||||||
iShares U.S. Home Construction ETF | X | ||||||||||||||
iShares U.S. Infrastructure ETF | X | ||||||||||||||
iShares U.S. Insurance ETF | X | ||||||||||||||
iShares U.S. Medical Devices ETF | X | ||||||||||||||
iShares U.S. Oil & Gas Exploration & Production ETF | X | ||||||||||||||
iShares U.S. Oil Equipment & Services ETF | X | ||||||||||||||
iShares U.S. Pharmaceuticals ETF | X | ||||||||||||||
iShares U.S. Real Estate ETF | X | ||||||||||||||
iShares U.S. Regional Banks ETF | X | ||||||||||||||
iShares U.S. Telecommunications ETF | X | ||||||||||||||
iShares US Small Cap Value Factor ETF | X |
Fund | Fund Inception Date |
Administration, Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended March 31, 2021 |
Administration, Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended March 31, 2020 |
Administration, Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended March 31, 2019 | ||||
iShares Biotechnology ETF | 02/05/01 | $261,294 | 92,172 | 113,346 | ||||
iShares Core S&P 500 ETF | 05/15/00 | 2,182,733 | $1,896,029 | $1,657,166 | ||||
iShares Core S&P Mid-Cap ETF | 05/22/00 | 656,482 | 625,958 | 583,103 | ||||
iShares Core S&P Small-Cap ETF | 05/22/00 | 692,110 | 604,191 | 577,960 | ||||
iShares Core S&P Total U.S. Stock Market ETF | 01/20/04 | 391,023 | 298,666 | 221,627 | ||||
iShares Core S&P U.S. Growth ETF | 07/24/00 | 142,702 | 116,387 | 81,221 | ||||
iShares Core S&P U.S. Value ETF | 07/24/00 | 116,429 | 102,143 | 84,585 | ||||
iShares ESG Screened S&P 500 ETF | 09/22/20 | 17,072 | N/A | N/A | ||||
iShares ESG Screened S&P Mid-Cap ETF | 09/22/20 | 30,999 | N/A | N/A | ||||
iShares ESG Screened S&P Small-Cap ETF | 09/22/20 | 41,057 | N/A | N/A | ||||
iShares Europe ETF | 07/25/00 | 108,508 | 120,682 | 162,827 | ||||
iShares Expanded Tech Sector ETF | 03/13/01 | 48,703 | 39,286 | 34,840 | ||||
iShares Expanded Tech-Software Sector ETF | 07/10/01 | 76,294 | 46,216 | 33,395 | ||||
iShares Factors US Growth Style ETF | 01/14/20 | 22,814 | 5,804 | N/A | ||||
iShares Factors US Value Style ETF | 01/14/20 | 29,738 | 6,850 | N/A | ||||
iShares Focused Value Factor ETF | 03/19/19 | 20,200 | 20,887 | 915 | ||||
iShares Global Consumer Staples ETF | 09/12/06 | 44,670 | 47,346 | 42,252 | ||||
iShares Global Energy ETF | 11/12/01 | 63,849 | 47,516 | 57,802 | ||||
iShares Global Financials ETF | 11/12/01 | 41,688 | 39,004 | 43,689 | ||||
iShares Global Industrials ETF | 09/12/06 | 36,816 | 32,222 | 33,691 | ||||
iShares Global Infrastructure ETF | 12/10/07 | 163,188 | 150,576 | 128,091 | ||||
iShares Global Utilities ETF | 09/12/06 | 30,229 | 29,009 | 28,281 | ||||
iShares International Developed Property ETF | 07/30/07 | 82,772 | 81,049 | 59,793 | ||||
iShares International Developed Small Cap Value Factor ETF | 03/23/21 | 17,310 | N/A | N/A | ||||
iShares JPX-Nikkei 400 ETF | 10/23/01 | 25,121 | 25,051 | 24,503 | ||||
iShares Micro-Cap ETF | 08/12/05 | 56,803 | 56,035 | 54,641 | ||||
iShares Mortgage Real Estate ETF | 05/01/07 | 29,998 | 32,462 | 27,685 | ||||
iShares North American Natural Resources ETF | 10/22/01 | 24,622 | 27,352 | 28,782 | ||||
iShares North American Tech-Multimedia Networking ETF | 07/10/01 | 18,691 | 19,229 | 17,366 | ||||
iShares Preferred and Income Securities ETF | 03/26/07 | 245,821 | 212,448 | 204,570 | ||||
iShares Residential and Multisector Real Estate ETF | 05/01/07 | 22,546 | 24,332 | 21,181 | ||||
iShares Russell 1000 ETF | 05/15/00 | 331,747 | 287,634 | 274,420 |
Fund | Fund Inception Date |
Administration, Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended March 31, 2021 |
Administration, Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended March 31, 2020 |
Administration, Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended March 31, 2019 | ||||
iShares Russell 1000 Growth ETF | 05/22/00 | 773,811 | 607,098 | 566,868 | ||||
iShares Russell 1000 Value ETF | 05/22/00 | 528,366 | 540,592 | 506,526 | ||||
iShares Russell 2000 ETF | 05/22/00 | 664,749 | 530,342 | 540,529 | ||||
iShares Russell 2000 Growth ETF | 07/24/00 | 160,841 | 141,436 | 139,561 | ||||
iShares Russell 2000 Value ETF | 07/24/00 | 177,515 | 146,654 | 154,826 | ||||
iShares Russell 3000 ETF | 05/22/00 | 144,971 | 144,026 | 135,898 | ||||
iShares Russell Mid-Cap ETF | 07/17/01 | 310,416 | 277,934 | 229,417 | ||||
iShares Russell Mid-Cap Growth ETF | 07/17/01 | 191,951 | 159,516 | 127,045 | ||||
iShares Russell Mid-Cap Value ETF | 07/17/01 | 157,748 | 167,221 | 148,536 | ||||
iShares Russell Top 200 ETF | 09/22/09 | 26,387 | 24,222 | 23,628 | ||||
iShares Russell Top 200 Growth ETF | 09/22/09 | 47,824 | 32,418 | 27,835 | ||||
iShares Russell Top 200 Value ETF | 09/22/09 | 28,882 | 27,784 | 26,793 | ||||
iShares S&P 100 ETF | 10/23/00 | 98,438 | 78,778 | 74,017 | ||||
iShares S&P 500 Growth ETF | 05/22/00 | 401,491 | 317,049 | 299,846 | ||||
iShares S&P 500 Value ETF | 05/22/00 | 242,848 | 229,163 | 212,125 | ||||
iShares S&P Mid-Cap 400 Growth ETF | 07/24/00 | 123,900 | 113,788 | 121,152 | ||||
iShares S&P Mid-Cap 400 Value ETF | 07/24/00 | 95,799 | 104,011 | 105,499 | ||||
iShares S&P Small-Cap 600 Growth ETF | 07/24/00 | 106,967 | 101,886 | 119,961 | ||||
iShares S&P Small-Cap 600 Value ETF | 07/24/00 | 118,363 | 108,842 | 103,879 | ||||
iShares Semiconductor ETF | 07/10/01 | 60,977 | 34,569 | 39,531 | ||||
iShares U.S. Aerospace & Defense ETF | 05/01/06 | 46,219 | 79,605 | 66,182 | ||||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | 05/01/06 | 19,927 | 20,923 | 20,012 | ||||
iShares U.S. Healthcare Providers ETF | 05/01/06 | 27,063 | 25,289 | 20,547 | ||||
iShares U.S. Home Construction ETF | 05/01/06 | 34,373 | 28,534 | 26,653 | ||||
iShares U.S. Infrastructure ETF | 04/03/18 | 28,579 | 23,964 | 21,218 | ||||
iShares U.S. Insurance ETF | 05/01/06 | 20,440 | 21,211 | 20,218 | ||||
iShares U.S. Medical Devices ETF | 05/01/06 | 110,311 | 64,175 | 46,842 | ||||
iShares U.S. Oil & Gas Exploration & Production ETF | 05/01/06 | 20,870 | 20,493 | 22,787 | ||||
iShares U.S. Oil Equipment & Services ETF | 05/01/06 | 20,982 | 20,769 | 20,375 | ||||
iShares U.S. Pharmaceuticals ETF | 05/01/06 | 22,516 | 23,426 | 21,345 | ||||
iShares U.S. Real Estate ETF | 06/12/00 | 63,809 | 71,744 | 61,450 | ||||
iShares U.S. Regional Banks ETF | 05/01/06 | 23,707 | 24,783 | 26,001 | ||||
iShares U.S. Telecommunications ETF | 05/22/00 | 23,091 | 23,296 | 21,769 | ||||
iShares US Small Cap Value Factor ETF | 10/27/20 | 23,242 | N/A | N/A |
Fund | iShares Biotechnology ETF |
iShares Core S&P 500 ETF |
iShares Core S&P Mid-Cap ETF |
iShares Core S&P Small-Cap ETF |
Gross income from securities lending activities |
$12,628,223 | $16,131,963 | $17,864,998 | $40,162,781 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
2,996,884 | 3,699,587 | 4,065,118 | 9,541,372 |
Cash collateral management expenses not included in securities lending income paid to BTC |
496,207 | 761,705 | 1,047,973 | 1,234,529 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Fund | iShares Biotechnology ETF |
iShares Core S&P 500 ETF |
iShares Core S&P Mid-Cap ETF |
iShares Core S&P Small-Cap ETF |
Rebates (paid to borrowers) |
20,851 | 32,334 | 45,039 | 47,064 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$3,513,942 | $4,493,626 | $5,158,130 | $10,822,965 |
Net income from securities lending activities |
$9,114,281 | $11,638,337 | $12,706,868 | $29,339,816 |
Fund | iShares Core S&P Total U.S. Stock Market ETF |
iShares Core S&P U.S. Growth ETF |
iShares Core S&P U.S. Value ETF |
iShares ESG Screened S&P 500 ETF |
Gross income from securities lending activities |
$8,068,949 | $905,048 | $624,178 | $44 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
1,918,868 | 198,432 | 146,427 | 10 |
Cash collateral management expenses not included in securities lending income paid to BTC |
258,195 | 62,666 | 19,529 | 0 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
12,832 | 2,298 | 885 | 1 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$2,189,895 | $263,396 | $166,841 | $11 |
Fund | iShares Core S&P Total U.S. Stock Market ETF |
iShares Core S&P U.S. Growth ETF |
iShares Core S&P U.S. Value ETF |
iShares ESG Screened S&P 500 ETF |
Net income from securities lending activities |
$5,879,054 | $641,652 | $457,337 | $33 |
Fund | iShares ESG Screened S&P Mid-Cap ETF |
iShares ESG Screened S&P Small-Cap ETF |
iShares Europe ETF | iShares Expanded Tech Sector ETF |
Gross income from securities lending activities |
$166 | $784 | $209,320 | $379,993 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
34 | 178 | 36,932 | 85,268 |
Cash collateral management expenses not included in securities lending income paid to BTC |
12 | 14 | 4,142 | 23,723 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
0 | 1 | 0 | 1,187 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$46 | $193 | $41,074 | $110,178 |
Net income from securities lending activities |
$120 | $591 | $168,246 | $269,815 |
Fund | iShares Expanded Tech-Software Sector ETF |
iShares Factors US Growth Style ETF |
iShares Factors US Value Style ETF |
iShares Focused Value Factor ETF |
Gross income from securities lending activities |
$1,700,605 | $4,288 | $3,318 | $6,511 |
Fund | iShares Expanded Tech-Software Sector ETF |
iShares Factors US Growth Style ETF |
iShares Factors US Value Style ETF |
iShares Focused Value Factor ETF |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
372,004 | 1,002 | 772 | 1,583 |
Cash collateral management expenses not included in securities lending income paid to BTC |
121,912 | 32 | 41 | 137 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
5,283 | 1 | 1 | 0 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$499,199 | $1,035 | $814 | $1,720 |
Net income from securities lending activities |
$1,201,406 | $3,253 | $2,504 | $4,791 |
Fund | iShares Global Consumer Staples ETF |
iShares Global Energy ETF |
iShares Global Financials ETF |
iShares Global Industrials ETF |
Gross income from securities lending activities |
$15,819 | $143,632 | $10,021 | $24,945 |
Fees and/or compensation for securities lending activities and related services |
Fund | iShares Global Consumer Staples ETF |
iShares Global Energy ETF |
iShares Global Financials ETF |
iShares Global Industrials ETF |
Securities lending income paid to BTC for services as securities lending agent |
2,709 | 25,609 | 1,728 | 4,371 |
Cash collateral management expenses not included in securities lending income paid to BTC |
755 | 1,356 | 396 | 657 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
15 | 2 | 22 | 0 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$3,479 | $26,967 | $2,146 | $5,028 |
Net income from securities lending activities |
$12,340 | $116,665 | $7,875 | $19,917 |
Fund | iShares Global Infrastructure ETF |
iShares Global Utilities ETF |
iShares International Developed Property ETF |
iShares International Developed Small Cap Value Factor ETF |
Gross income from securities lending activities |
$1,104,234 | $5,533 | $71,629 | $0 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
197,253 | 939 | 12,415 | 0 |
Fund | iShares Global Infrastructure ETF |
iShares Global Utilities ETF |
iShares International Developed Property ETF |
iShares International Developed Small Cap Value Factor ETF |
Cash collateral management expenses not included in securities lending income paid to BTC |
8,382 | 285 | 836 | 0 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
0 | 26 | 1,346 | 0 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$205,635 | $1,250 | $14,597 | $0 |
Net income from securities lending activities |
$898,599 | $4,283 | $57,032 | $0 |
Fund | iShares JPX-Nikkei 400 ETF |
iShares Micro-Cap ETF | iShares Mortgage Real Estate ETF |
iShares North American Natural Resources ETF |
Gross income from securities lending activities |
$3,602 | $5,470,073 | $630,369 | $128,047 |
Fees and/or compensation for securities lending activities and related services |
Fund | iShares JPX-Nikkei 400 ETF |
iShares Micro-Cap ETF | iShares Mortgage Real Estate ETF |
iShares North American Natural Resources ETF |
Securities lending income paid to BTC for services as securities lending agent |
629 | 1,329,788 | 156,328 | 29,051 |
Cash collateral management expenses not included in securities lending income paid to BTC |
81 | 61,477 | 4,684 | 7,574 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
25 | 3,279 | 329 | 537 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$735 | $1,394,544 | $161,341 | $37,162 |
Net income from securities lending activities |
$2,867 | $4,075,529 | $469,028 | $90,885 |
Fund | iShares North American Tech-Multimedia Networking ETF |
iShares Preferred and Income Securities ETF |
iShares Residential and Multisector Real Estate ETF |
iShares Russell 1000 ETF |
Gross income from securities lending activities |
$137,128 | $3,536,220 | $12,641 | $3,304,421 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
33,459 | 871,194 | 2,985 | 763,169 |
Fund | iShares North American Tech-Multimedia Networking ETF |
iShares Preferred and Income Securities ETF |
iShares Residential and Multisector Real Estate ETF |
iShares Russell 1000 ETF |
Cash collateral management expenses not included in securities lending income paid to BTC |
2,121 | 12,831 | 540 | 165,407 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
59 | 3,886 | 4 | 7,248 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$35,639 | $887,911 | $3,529 | $935,824 |
Net income from securities lending activities |
$101,489 | $2,648,309 | $9,112 | $2,368,597 |
Fund | iShares Russell 1000 Growth ETF |
iShares Russell 1000 Value ETF |
iShares Russell 2000 ETF |
iShares Russell 2000 Growth ETF |
Gross income from securities lending activities |
$7,383,226 | $4,698,440 | $86,098,991 | $24,061,056 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
1,662,250 | 1,102,240 | 20,699,645 | 5,782,524 |
Cash collateral management expenses not included in securities lending income paid to BTC |
453,573 | 177,993 | 2,159,010 | 654,205 |
Fund | iShares Russell 1000 Growth ETF |
iShares Russell 1000 Value ETF |
iShares Russell 2000 ETF |
iShares Russell 2000 Growth ETF |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
48,421 | 0 | 101,194 | 28,853 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$2,164,244 | $1,280,233 | $22,959,849 | $6,465,582 |
Net income from securities lending activities |
$5,218,982 | $3,418,207 | $63,139,142 | $17,595,474 |
Fund | iShares Russell 2000 Value ETF |
iShares Russell 3000 ETF |
iShares Russell Mid Cap ETF |
iShares Russell Mid-Cap Growth ETF |
Gross income from securities lending activities |
$12,828,252 | $2,230,901 | $7,436,025 | $6,601,548 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
3,097,108 | 529,288 | 1,721,168 | 1,507,819 |
Cash collateral management expenses not included in securities lending income paid to BTC |
257,046 | 82,239 | 370,555 | 387,375 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Fund | iShares Russell 2000 Value ETF |
iShares Russell 3000 ETF |
iShares Russell Mid Cap ETF |
iShares Russell Mid-Cap Growth ETF |
Rebates (paid to borrowers) |
9,632 | 2,156 | 11,148 | 16,282 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$3,363,786 | $613,683 | $2,102,871 | $1,911,476 |
Net income from securities lending activities |
$9,464,466 | $1,617,218 | $5,333,154 | $4,690,072 |
Fund | iShares Russell Mid-Cap Value ETF |
iShares Russell Top 200 ETF |
iShares Russell Top 200 Growth ETF |
iShares Russell Top 200 Value ETF |
Gross income from securities lending activities |
$2,858,373 | $24,558 | $94,843 | $31,028 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
671,651 | 5,647 | 20,420 | 7,240 |
Cash collateral management expenses not included in securities lending income paid to BTC |
113,655 | 745 | 7,189 | 316 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
0 | 10 | 61 | 0 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$785,306 | $6,402 | $27,670 | $7,556 |
Fund | iShares Russell Mid-Cap Value ETF |
iShares Russell Top 200 ETF |
iShares Russell Top 200 Growth ETF |
iShares Russell Top 200 Value ETF |
Net income from securities lending activities |
$2,073,067 | $18,156 | $67,173 | $23,472 |
Fund | iShares S&P 100 ETF | iShares S&P 500 Growth ETF |
iShares S&P 500 Value ETF |
iShares S&P Mid-Cap 400 Growth ETF |
Gross income from securities lending activities |
$145,755 | $1,140,753 | $1,480,185 | $2,336,914 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
29,981 | 253,402 | 347,616 | 518,515 |
Cash collateral management expenses not included in securities lending income paid to BTC |
12,147 | 74,758 | 40,743 | 151,515 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
347 | 3,746 | 2,106 | 6,346 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$42,475 | $331,906 | $390,465 | $676,376 |
Net income from securities lending activities |
$103,280 | $808,847 | $1,089,720 | $1,660,538 |
Fund | iShares S&P Mid-Cap 400 Value ETF |
iShares S&P Small-Cap 600 Growth ETF |
iShares S&P Small-Cap 600 Value ETF |
iShares Semiconductor ETF |
Gross income from securities lending activities |
$1,795,865 | $2,777,558 | $7,022,760 | $390,373 |
Fund | iShares S&P Mid-Cap 400 Value ETF |
iShares S&P Small-Cap 600 Growth ETF |
iShares S&P Small-Cap 600 Value ETF |
iShares Semiconductor ETF |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
418,720 | 626,787 | 1,702,087 | 84,079 |
Cash collateral management expenses not included in securities lending income paid to BTC |
86,740 | 148,085 | 134,043 | 28,880 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
3,732 | 5,766 | 6,130 | 1,966 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$509,192 | $780,638 | $1,842,260 | $114,925 |
Net income from securities lending activities |
$1,286,673 | $1,996,920 | $5,180,500 | $275,448 |
Fund | iShares U.S. Aerospace & Defense ETF |
iShares U.S. Broker-Dealers & Securities Exchanges ETF |
iShares U.S. Healthcare Providers ETF |
iShares U.S. Home Construction ETF |
Gross income from securities lending activities |
$1,178,981 | $3,871 | $298,066 | $170,541 |
Fund | iShares U.S. Aerospace & Defense ETF |
iShares U.S. Broker-Dealers & Securities Exchanges ETF |
iShares U.S. Healthcare Providers ETF |
iShares U.S. Home Construction ETF |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
281,168 | 900 | 66,845 | 36,273 |
Cash collateral management expenses not included in securities lending income paid to BTC |
37,898 | 202 | 19,180 | 13,608 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
950 | 9 | 1,315 | 162 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Fund | iShares U.S. Aerospace & Defense ETF |
iShares U.S. Broker-Dealers & Securities Exchanges ETF |
iShares U.S. Healthcare Providers ETF |
iShares U.S. Home Construction ETF |
Aggregate fees/compensation for securities lending activities |
$320,016 | $1,111 | $87,340 | $50,043 |
Net income from securities lending activities |
$858,965 | $2,760 | $210,726 | $120,498 |
Fund | iShares U.S. Infrastructure ETF |
iShares U.S. Insurance ETF |
iShares U.S. Medical Devices ETF |
iShares U.S. Oil & Gas Exploration & Production ETF |
Gross income from securities lending activities |
$9,959 | $14,956 | $1,127,043 | $77,104 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
2,292 | 3,568 | 247,907 | 18,570 |
Cash collateral management expenses not included in securities lending income paid to BTC |
261 | 237 | 78,886 | 1,783 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
2 | 12 | 3,422 | 71 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$2,555 | $3,817 | $330,215 | $20,424 |
Net income from securities lending activities |
$7,404 | $11,139 | $796,828 | $56,680 |
Fund | IShares U.S. Oil Equipment & Services ETF |
iShares U.S. Pharmaceuticals ETF |
iShares U.S. Real Estate ETF |
iShares U.S. Regional Banks ETF |
Gross income from securities lending activities |
$128,631 | $165,063 | $213,175 | $4,070 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
31,194 | 38,146 | 50,283 | 894 |
Cash collateral management expenses not included in securities lending income paid to BTC |
2,620 | 8,774 | 7,655 | 298 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
64 | 299 | 410 | 5 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$33,878 | $47,219 | $58,348 | $1,197 |
Net income from securities lending activities |
$94,753 | $117,844 | $154,827 | $2,873 |
Fund | iShares U.S. Telecommunications ETF |
iShares US Small Cap Value Factor ETF |
Gross income from securities lending activities |
$114,275 | $293 |
Fees and/or compensation for securities lending activities and related services |
Fund | iShares U.S. Telecommunications ETF |
iShares US Small Cap Value Factor ETF |
Securities lending income paid to BTC for services as securities lending agent |
26,734 | 47 |
Cash collateral management expenses not included in securities lending income paid to BTC |
5,289 | 41 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 |
Rebates (paid to borrowers) |
187 | 0 |
Other fees not included in securities lending income paid to BTC |
0 | 0 |
Aggregate fees/compensation for securities lending activities |
$32,210 | $88 |
Net income from securities lending activities |
$82,065 | $205 |
Fund | Fund Inception Date |
Brokerage Commissions Paid During Fiscal Year Ended March 31, 2021 |
Brokerage Commissions Paid During Fiscal Year Ended March 31, 2020 |
Brokerage Commissions Paid During Fiscal Year Ended March 31, 2019 | ||||
iShares Biotechnology ETF | 02/05/01 | $834,068 | $674,765 | $350,923 | ||||
iShares Core S&P 500 ETF | 05/15/00 | 1,409,732 | 1,250,816 | 983,907 | ||||
iShares Core S&P Mid-Cap ETF | 05/22/00 | 2,847,172 | 2,084,841 | 1,861,056 | ||||
iShares Core S&P Small-Cap ETF | 05/22/00 | 6,734,154 | 4,708,435 | 3,355,926 | ||||
iShares Core S&P Total U.S. Stock Market ETF | 01/20/04 | 494,569 | 243,415 | 376,879 | ||||
iShares Core S&P U.S. Growth ETF | 07/24/00 | 72,148 | 176,924 | 85,378 | ||||
iShares Core S&P U.S. Value ETF | 07/24/00 | 205,781 | 210,750 | 143,200 | ||||
iShares ESG Screened S&P 500 ETF | 09/22/20 | 66 | N/A | N/A | ||||
iShares ESG Screened S&P Mid-Cap ETF | 09/22/20 | 273 | N/A | N/A | ||||
iShares ESG Screened S&P Small-Cap ETF | 09/22/20 | 864 | N/A | N/A | ||||
iShares Europe ETF | 07/25/00 | 28,948 | 38,602 | 73,306 | ||||
iShares Expanded Tech Sector ETF | 03/13/01 | 18,927 | 18,969 | 10,688 | ||||
iShares Expanded Tech-Software Sector ETF | 07/10/01 | 102,456 | 110,042 | 55,448 | ||||
iShares Factors US Growth Style ETF | 01/14/20 | 614 | 38 | N/A | ||||
iShares Factors US Value Style ETF | 01/14/20 | 2,816 | 109 | N/A | ||||
iShares Focused Value Factor ETF | 03/19/19 | 5,899 | 12,050 | 0 | ||||
iShares Global Consumer Staples ETF | 09/12/06 | 15,923 | 18,174 | 14,813 | ||||
iShares Global Energy ETF | 11/12/01 | 46,221 | 24,006 | 25,871 | ||||
iShares Global Financials ETF | 11/12/01 | 10,348 | 9,318 | 11,079 | ||||
iShares Global Industrials ETF | 09/12/06 | 10,285 | 3,470 | 4,566 | ||||
iShares Global Infrastructure ETF | 12/10/07 | 347,323 | 130,189 | 313,520 | ||||
iShares Global Utilities ETF | 09/12/06 | 6,445 | 4,143 | 5,758 | ||||
iShares International Developed Property ETF | 07/30/07 | 9,990 | 5,283 | 6,022 | ||||
iShares International Developed Small Cap Value Factor ETF | 03/23/21 | 28 | N/A | N/A | ||||
iShares JPX-Nikkei 400 ETF | 10/23/01 | 5,455 | 4,639 | 4,939 | ||||
iShares Micro-Cap ETF | 08/12/05 | 342,706 | 235,016 | 167,681 | ||||
iShares Mortgage Real Estate ETF | 05/01/07 | 570,146 | 501,081 | 260,546 | ||||
iShares North American Natural Resources ETF | 10/22/01 | 26,241 | 37,745 | 28,527 | ||||
iShares North American Tech-Multimedia Networking ETF | 07/10/01 | 8,882 | 10,077 | 3,507 | ||||
iShares Preferred and Income Securities ETF | 03/26/07 | 2,045,323 | 2,183,048 | 1,426,788 | ||||
iShares Residential and Multisector Real Estate ETF | 05/01/07 | 9,842 | 19,227 | 12,787 | ||||
iShares Russell 1000 ETF | 05/15/00 | 199,947 | 165,354 | 145,057 | ||||
iShares Russell 1000 Growth ETF | 05/22/00 | 556,228 | 707,442 | 338,714 | ||||
iShares Russell 1000 Value ETF | 05/22/00 | 860,614 | 898,426 | 651,445 | ||||
iShares Russell 2000 ETF | 05/22/00 | 5,497,730 | 3,864,228 | 2,989,237 | ||||
iShares Russell 2000 Growth ETF | 07/24/00 | 988,881 | 821,463 | 683,155 | ||||
iShares Russell 2000 Value ETF | 07/24/00 | 1,864,464 | 969,394 | 796,255 | ||||
iShares Russell 3000 ETF | 05/22/00 | 95,042 | 114,610 | 114,454 | ||||
iShares Russell Mid-Cap ETF | 07/17/01 | 640,260 | 360,657 | 237,962 | ||||
iShares Russell Mid-Cap Growth ETF | 07/17/01 | 327,319 | 218,731 | 110,510 | ||||
iShares Russell Mid-Cap Value ETF | 07/17/01 | 511,031 | 367,974 | 300,612 | ||||
iShares Russell Top 200 ETF | 09/22/09 | 3,031 | 1,699 | 852 | ||||
iShares Russell Top 200 Growth ETF | 09/22/09 | 16,199 | 25,477 | 10,118 | ||||
iShares Russell Top 200 Value ETF | 09/22/09 | 12,689 | 7,779 | 4,545 | ||||
iShares S&P 100 ETF | 10/23/00 | 52,086 | 36,028 | 30,608 | ||||
iShares S&P 500 Growth ETF | 05/22/00 | 174,278 | 374,287 | 379,985 |
Fund | Fund Inception Date |
Brokerage Commissions Paid During Fiscal Year Ended March 31, 2021 |
Brokerage Commissions Paid During Fiscal Year Ended March 31, 2020 |
Brokerage Commissions Paid During Fiscal Year Ended March 31, 2019 | ||||
iShares S&P 500 Value ETF | 05/22/00 | 422,154 | 520,693 | 319,577 | ||||
iShares S&P Mid-Cap 400 Growth ETF | 07/24/00 | 455,474 | 473,048 | 485,964 | ||||
iShares S&P Mid-Cap 400 Value ETF | 07/24/00 | 465,920 | 482,724 | 396,262 | ||||
iShares S&P Small-Cap 600 Growth ETF | 07/24/00 | 927,092 | 754,745 | 496,965 | ||||
iShares S&P Small-Cap 600 Value ETF | 07/24/00 | 1,698,044 | 1,299,177 | 714,970 | ||||
iShares Semiconductor ETF | 07/10/01 | 103,868 | 40,713 | 42,714 | ||||
iShares U.S. Aerospace & Defense ETF | 05/01/06 | 210,740 | 115,303 | 282,806 | ||||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | 05/01/06 | 9,128 | 7,740 | 13,368 | ||||
iShares U.S. Healthcare Providers ETF | 05/01/06 | 33,014 | 43,409 | 69,253 | ||||
iShares U.S. Home Construction ETF | 05/01/06 | 50,988 | 49,446 | 48,890 | ||||
iShares U.S. Infrastructure ETF | 04/03/18 | 28,398 | 1,032 | 577 | ||||
iShares U.S. Insurance ETF | 05/01/06 | 1,408 | 1,815 | 2,828 | ||||
iShares U.S. Medical Devices ETF | 05/01/06 | 84,901 | 78,960 | 170,082 | ||||
iShares U.S. Oil & Gas Exploration & Production ETF | 05/01/06 | 28,194 | 23,130 | 13,532 | ||||
iShares U.S. Oil Equipment & Services ETF | 05/01/06 | 124,746 | 27,448 | 47,025 | ||||
iShares U.S. Pharmaceuticals ETF | 05/01/06 | 38,901 | 34,596 | 52,126 | ||||
iShares U.S. Real Estate ETF | 06/12/00 | 296,838 | 180,998 | 178,504 | ||||
iShares U.S. Regional Banks ETF | 05/01/06 | 8,550 | 7,877 | 15,643 | ||||
iShares U.S. Telecommunications ETF | 05/22/00 | 65,572 | 58,227 | 67,997 | ||||
iShares US Small Cap Value Factor ETF | 10/27/20 | 5,286 | N/A | N/A |
Fund | Issuer | Market Value of Investment | ||
iShares Core S&P 500 ETF | JPMorgan Chase & Co. | $3,613,771,986 | ||
Bank of America Corp. | 2,286,642,297 | |||
Wells Fargo & Co. | 1,256,522,222 | |||
Citigroup Inc. | 1,181,321,629 | |||
Morgan Stanley | 906,610,528 | |||
Goldman Sachs Group Inc. (The) | 875,144,868 | |||
iShares Core S&P Total U.S. Stock Market ETF | JPMorgan Chase & Co. | $408,298,823 | ||
Bank of America Corp. | 258,354,874 | |||
Wells Fargo & Co. | 141,967,643 | |||
Citigroup Inc. | 133,492,103 | |||
Morgan Stanley | 102,317,438 | |||
Goldman Sachs Group Inc. (The) | 98,921,097 | |||
Virtu Financial Inc. | 2,470,183 | |||
iShares Core S&P U.S. Value ETF | JPMorgan Chase & Co. | $238,766,361 | ||
Bank of America Corp. | 151,081,510 |
Fund | Issuer | Market Value of Investment | ||
Wells Fargo & Co. | 83,020,429 | |||
Citigroup Inc. | 78,050,783 | |||
Morgan Stanley | 59,901,177 | |||
Goldman Sachs Group Inc. (The) | 57,829,296 | |||
iShares ESG Screened S&P 500 ETF | Bank of America Corp. | $291,142 | ||
Citigroup Inc. | 150,374 | |||
Morgan Stanley | 115,403 | |||
iShares Europe ETF | UBS Group AG | $9,855,109 | ||
Credit Suisse Group AG | 4,018,877 | |||
iShares Factors US Value Style ETF | JPMorgan Chase & Co. | $63,480 | ||
Goldman Sachs Group Inc. (The) | 46,434 | |||
Morgan Stanley | 42,946 | |||
Citigroup Inc. | 22,043 | |||
iShares Focused Value Factor ETF | Goldman Sachs Group Inc. (The) | $1,024,491 | ||
Bank of America Corp. | 1,008,494 | |||
Morgan Stanley | 995,368 | |||
iShares Global Financials ETF | JPMorgan Chase & Co. | $28,972,261 | ||
Bank of America Corp. | 18,332,483 | |||
Citigroup Inc. | 9,470,886 | |||
Morgan Stanley | 7,273,558 | |||
Goldman Sachs Group Inc. (The) | 7,010,880 | |||
Barclays PLC | 2,589,388 | |||
Credit Suisse Group AG | 1,531,967 | |||
Societe Generale SA | 1,300,010 | |||
Banco Bradesco SA | 1,288,571 | |||
iShares Micro-Cap ETF | Cowen Inc. | $2,526,512 | ||
iShares Preferred and Income Securities ETF | Wells Fargo & Co. | $872,216,158 | ||
Bank of America Corp. | 861,476,648 | |||
JPMorgan Chase & Co. | 699,960,878 | |||
Morgan Stanley | 453,366,916 | |||
Goldman Sachs Group Inc. (The) | 373,861,890 | |||
Citigroup Inc. | 215,387,629 | |||
Cowen Inc. | 12,179,377 | |||
iShares Russell 1000 ETF | JPMorgan Chase & Co. | $332,984,857 | ||
Bank of America Corp. | 216,110,694 | |||
Citigroup Inc. | 109,387,118 | |||
Wells Fargo & Co. | 107,072,781 | |||
Morgan Stanley | 78,318,169 | |||
Goldman Sachs Group Inc. (The) | 78,209,898 | |||
Fund | Issuer | Market Value of Investment | ||
iShares Russell 1000 Value ETF | JPMorgan Chase & Co. | $1,236,430,023 | ||
Bank of America Corp. | 802,456,948 | |||
Citigroup Inc. | 406,168,706 | |||
Wells Fargo & Co. | 397,580,422 | |||
Morgan Stanley | 290,943,793 | |||
Goldman Sachs Group Inc. (The) | 290,400,525 | |||
iShares Russell 2000 ETF | Cowen Inc. | $22,285,065 | ||
iShares Russell 2000 Growth ETF | Cowen Inc. | $2,794,179 | ||
iShares Russell 2000 Value ETF | Cowen Inc. | $6,684,370 | ||
iShares Russell 3000 ETF | JPMorgan Chase & Co. | $124,992,552 | ||
Bank of America Corp. | 81,121,323 | |||
Citigroup Inc. | 41,060,173 | |||
Wells Fargo & Co. | 40,188,027 | |||
Morgan Stanley | 29,411,939 | |||
Goldman Sachs Group Inc. (The) | 29,356,098 | |||
iShares Russell Top 200 ETF | JPMorgan Chase & Co. | $14,546,338 | ||
Bank of America Corp. | 9,440,669 | |||
Citigroup Inc. | 4,787,386 | |||
Wells Fargo & Co. | 4,673,788 | |||
Morgan Stanley | 3,417,506 | |||
Goldman Sachs Group Inc. (The) | 3,410,937 | |||
iShares Russell Top 200 Value ETF | JPMorgan Chase & Co. | $43,324,810 | ||
Bank of America Corp. | 28,118,229 | |||
Citigroup Inc. | 14,232,155 | |||
Wells Fargo & Co. | 13,931,229 | |||
Morgan Stanley | 10,194,739 | |||
Goldman Sachs Group Inc. (The) | 10,175,259 | |||
iShares S&P 100 ETF | JPMorgan Chase & Co. | $145,357,272 | ||
Bank of America Corp. | 91,975,996 | |||
Wells Fargo & Co. | 50,541,343 | |||
Citigroup Inc. | 47,516,371 | |||
Morgan Stanley | 36,466,806 | |||
Goldman Sachs Group Inc. (The) | 35,205,801 | |||
Bank of New York Mellon Corp. (The) | 11,972,410 | |||
iShares S&P 500 Value ETF | JPMorgan Chase & Co. | $604,026,110 | ||
Bank of America Corp. | 382,202,260 | |||
Wells Fargo & Co. | 210,022,426 | |||
Citigroup Inc. | 197,452,594 | |||
Morgan Stanley | 151,536,715 | |||
Goldman Sachs Group Inc. (The) | 146,294,895 |
Fund | Issuer | Market Value of Investment | ||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | Morgan Stanley | $82,809,402 | ||
Goldman Sachs Group Inc. (The) | 79,945,614 | |||
iShares US Small Cap Value Factor ETF | Cowen Inc. | $587,638 | ||
Fund | Fiscal Year Ended March 31, 2021 |
Fiscal Year Ended March 31, 2020 | ||
iShares Biotechnology ETF | 34% | 29% | ||
iShares Core S&P 500 ETF | 5% | 4% | ||
iShares Core S&P Mid-Cap ETF | 20% | 15% | ||
iShares Core S&P Small-Cap ETF | 20% | 16% | ||
iShares Core S&P Total U.S. Stock Market ETF | 5% | 4% | ||
iShares Core S&P U.S. Growth ETF | 14% | 35% | ||
iShares Core S&P U.S. Value ETF | 25% | 34% | ||
iShares ESG Screened S&P 500 ETF | 6%1,2 | N/A | ||
iShares ESG Screened S&P Mid-Cap ETF | 11%1,2 | N/A | ||
iShares ESG Screened S&P Small-Cap ETF | 18%1,2 | N/A | ||
iShares Europe ETF | 5% | 5% | ||
iShares Expanded Tech Sector ETF | 9% | 10% | ||
iShares Expanded Tech-Software Sector ETF | 22% | 18% | ||
iShares Factors US Growth Style ETF | 103% | 13%3 | ||
iShares Factors US Value Style ETF | 148% | 16%4 | ||
iShares Focused Value Factor ETF | 70% | 149%5 | ||
iShares Global Consumer Staples ETF | 7% | 7% | ||
iShares Global Energy ETF | 5% | 7% | ||
iShares Global Financials ETF | 4% | 7% | ||
iShares Global Industrials ETF | 8% | 5% | ||
iShares Global Infrastructure ETF | 25% | 9% | ||
iShares Global Utilities ETF | 7% | 6% | ||
iShares International Developed Property ETF | 16% | 8% | ||
iShares International Developed Small Cap Value Factor ETF | 0%6,7 | N/A | ||
iShares JPX-Nikkei 400 ETF | 10% | 7% |
Fund | Fiscal Year Ended March 31, 2021 |
Fiscal Year Ended March 31, 2020 | ||
iShares Micro-Cap ETF | 35% | 24% | ||
iShares Mortgage Real Estate ETF | 30% | 29% | ||
iShares North American Natural Resources ETF | 14% | 16% | ||
iShares North American Tech-Multimedia Networking ETF | 38% | 33% | ||
iShares Preferred and Income Securities ETF | 28% | 46% | ||
iShares Residential and Multisector Real Estate ETF | 7% | 12% | ||
iShares Russell 1000 ETF | 5% | 5% | ||
iShares Russell 1000 Growth ETF | 14% | 18% | ||
iShares Russell 1000 Value ETF | 18% | 16% | ||
iShares Russell 2000 ETF | 20% | 18% | ||
iShares Russell 2000 Growth ETF | 35% | 33% | ||
iShares Russell 2000 Value ETF | 28% | 25% | ||
iShares Russell 3000 ETF | 4% | 5% | ||
iShares Russell Mid-Cap ETF | 14% | 10% | ||
iShares Russell Mid-Cap Growth ETF | 23% | 23% | ||
iShares Russell Mid-Cap Value ETF | 25% | 20% | ||
iShares Russell Top 200 ETF | 5% | 5% | ||
iShares Russell Top 200 Growth ETF | 11% | 20% | ||
iShares Russell Top 200 Value ETF | 17% | 17% | ||
iShares S&P 100 ETF | 8% | 4% | ||
iShares S&P 500 Growth ETF | 13% | 27% | ||
iShares S&P 500 Value ETF | 26% | 32% | ||
iShares S&P Mid-Cap 400 Growth ETF | 50% | 51% | ||
iShares S&P Mid-Cap 400 Value ETF | 43% | 46% | ||
iShares S&P Small-Cap 600 Growth ETF | 52% | 64% | ||
iShares S&P Small-Cap 600 Value ETF | 52% | 53% | ||
iShares Semiconductor ETF | 23% | 14% | ||
iShares U.S. Aerospace & Defense ETF | 49% | 20% | ||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | 37% | 15% | ||
iShares U.S. Healthcare Providers ETF | 27% | 30% | ||
iShares U.S. Home Construction ETF | 14% | 15% | ||
iShares U.S. Infrastructure ETF | 65% | 23% | ||
iShares U.S. Insurance ETF | 10% | 8% | ||
iShares U.S. Medical Devices ETF | 9% | 9% | ||
iShares U.S. Oil & Gas Exploration & Production ETF | 21% | 25% | ||
iShares U.S. Oil Equipment & Services ETF | 71% | 23% | ||
iShares U.S. Pharmaceuticals ETF | 52% | 40% | ||
iShares U.S. Real Estate ETF | 14% | 8% | ||
iShares U.S. Regional Banks ETF | 6% | 5% | ||
iShares U.S. Telecommunications ETF | 40% | 41% | ||
iShares US Small Cap Value Factor ETF | 14%8,9 | N/A |
5 | Portfolio turnover for fiscal year end March 31, 2020, includes turnover resulting from the rebalancing of the Underlying Index. |
Fund | Shares Per Creation Unit |
Approximate Value Per Creation Unit (U.S.$) | ||
iShares Biotechnology ETF | 50,000 | $7,739,000 | ||
iShares Core S&P 500 ETF | 50,000 | 20,928,000 | ||
iShares Core S&P Mid-Cap ETF | 50,000 | 13,593,000 | ||
iShares Core S&P Small-Cap ETF | 50,000 | 5,527,000 | ||
iShares Core S&P Total U.S. Stock Market ETF | 50,000 | 4,811,000 | ||
iShares Core S&P U.S. Growth ETF | 50,000 | 4,841,000 | ||
iShares Core S&P U.S. Value ETF | 50,000 | 3,572,000 | ||
iShares ESG Screened S&P 500 ETF | 50,000 | 1,599,000 | ||
iShares ESG Screened S&P Mid-Cap ETF | 50,000 | 1,878,000 | ||
iShares ESG Screened S&P Small-Cap ETF | 50,000 | 1,981,000 | ||
iShares Europe ETF | 50,000 | 2,627,000 | ||
iShares Expanded Tech Sector ETF | 50,000 | 19,168,000 | ||
iShares Expanded Tech-Software Sector ETF | 50,000 | 18,046,000 | ||
iShares Factors US Growth Style ETF | 50,000 | 1,705,500 | ||
iShares Factors US Value Style ETF | 50,000 | 1,424,000 | ||
iShares Focused Value Factor ETF | 50,000 | 2,778,000 | ||
iShares Global Consumer Staples ETF | 50,000 | 2,996,000 | ||
iShares Global Energy ETF | 150,000 | 3,712,500 | ||
iShares Global Financials ETF | 50,000 | 3,840,000 | ||
iShares Global Industrials ETF | 50,000 | 5,947,500 | ||
iShares Global Infrastructure ETF | 100,000 | 4,664,000 | ||
iShares Global Utilities ETF | 50,000 | 3,123,500 | ||
iShares International Developed Property ETF | 100,000 | 3,771,000 | ||
iShares International Developed Small Cap Value Factor ETF | 100,000 | 3,574,000 | ||
iShares JPX-Nikkei 400 ETF | 150,000 | 10,786,500 | ||
iShares Micro-Cap ETF | 50,000 | 7,354,500 | ||
iShares Mortgage Real Estate ETF | 50,000 | 1,842,500 | ||
iShares North American Natural Resources ETF | 50,000 | 1,426,500 | ||
iShares North American Tech-Multimedia Networking ETF | 50,000 | 3,337,000 | ||
iShares Preferred and Income Securities ETF | 50,000 | 1,930,000 | ||
iShares Residential and Multisector Real Estate ETF | 50,000 | 3,982,500 | ||
iShares Russell 1000 ETF | 50,000 | 11,786,500 |
Fund | Shares Per Creation Unit |
Approximate Value Per Creation Unit (U.S.$) | ||
iShares Russell 1000 Growth ETF | 50,000 | 12,977,000 | ||
iShares Russell 1000 Value ETF | 50,000 | 7,873,500 | ||
iShares Russell 2000 ETF | 50,000 | 11,252,500 | ||
iShares Russell 2000 Growth ETF | 50,000 | 15,334,000 | ||
iShares Russell 2000 Value ETF | 50,000 | 8,117,500 | ||
iShares Russell 3000 ETF | 50,000 | 12,469,500 | ||
iShares Russell Mid-Cap ETF | 50,000 | 3,884,000 | ||
iShares Russell Mid-Cap Growth ETF | 50,000 | 5,386,000 | ||
iShares Russell Mid-Cap Value ETF | 50,000 | 5,720,500 | ||
iShares Russell Top 200 ETF | 50,000 | 4,991,000 | ||
iShares Russell Top 200 Growth ETF | 50,000 | 7,197,500 | ||
iShares Russell Top 200 Value ETF | 50,000 | 3,291,000 | ||
iShares S&P 100 ETF | 50,000 | 9,493,500 | ||
iShares S&P 500 Growth ETF | 50,000 | 3,476,500 | ||
iShares S&P 500 Value ETF | 50,000 | 7,317,000 | ||
iShares S&P Mid-Cap 400 Growth ETF | 50,000 | 4,077,500 | ||
iShares S&P Mid-Cap 400 Value ETF | 50,000 | 5,334,500 | ||
iShares S&P Small-Cap 600 Growth ETF | 50,000 | 6,527,000 | ||
iShares S&P Small-Cap 600 Value ETF | 50,000 | 5,125,000 | ||
iShares Semiconductor ETF | 50,000 | 21,100,500 | ||
iShares U.S. Aerospace & Defense ETF | 50,000 | 5,320,500 | ||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | 50,000 | 4,859,500 | ||
iShares U.S. Healthcare Providers ETF | 50,000 | 13,136,500 | ||
iShares U.S. Home Construction ETF | 50,000 | 3,661,000 | ||
iShares U.S. Infrastructure ETF | 50,000 | 1,785,000 | ||
iShares U.S. Insurance ETF | 50,000 | 3,952,000 | ||
iShares U.S. Medical Devices ETF1 | 50,000 | 3,050,500 | ||
iShares U.S. Oil & Gas Exploration & Production ETF | 50,000 | 2,471,000 | ||
iShares U.S. Oil Equipment & Services ETF | 50,000 | 641,500 | ||
iShares U.S. Pharmaceuticals ETF | 50,000 | 8,956,500 | ||
iShares U.S. Real Estate ETF | 50,000 | 4,959,000 | ||
iShares U.S. Regional Banks ETF | 50,000 | 2,982,500 | ||
iShares U.S. Telecommunications ETF | 50,000 | 1,643,500 | ||
iShares US Small Cap Value Factor ETF | 50,000 | 6,240,000 |
Fund | Standard Creation Transaction Fee |
Maximum Additional Charge for Creations1 | ||
iShares Biotechnology ETF | $300 | 3.0% | ||
iShares Core S&P 500 ETF | 1,250 | 3.0% | ||
iShares Core S&P Mid-Cap ETF | 1,000 | 3.0% | ||
iShares Core S&P Small-Cap ETF | 1,500 | 3.0% | ||
iShares Core S&P Total U.S. Stock Market ETF | 3,000 | 3.0% | ||
iShares Core S&P U.S. Growth ETF | 3,000 | 3.0% | ||
iShares Core S&P U.S. Value ETF | 3,000 | 3.0% | ||
iShares ESG Screened S&P 500 ETF | 1,250 | 3.0% | ||
iShares ESG Screened S&P Mid-Cap ETF | 1,000 | 3.0% | ||
iShares ESG Screened S&P Small-Cap ETF | 1,400 | 3.0% | ||
iShares Europe ETF | 10,000 | 3.0% | ||
iShares Expanded Tech Sector ETF | 650 | 3.0% | ||
iShares Expanded Tech-Software Sector ETF | 250 | 3.0% | ||
iShares Factors US Growth Style ETF | 400 | 3.0% | ||
iShares Factors US Value Style ETF | 475 | 3.0% | ||
iShares Focused Value Factor ETF | 150 | 3.0% | ||
iShares Global Consumer Staples ETF | 1,800 | 3.0% | ||
iShares Global Energy ETF | 600 | 7.0% | ||
iShares Global Financials ETF | 4,000 | 7.0% | ||
iShares Global Industrials ETF | 2,200 | 7.0% | ||
iShares Global Infrastructure ETF | 1,600 | 7.0% | ||
iShares Global Utilities ETF | 1,600 | 7.0% | ||
iShares International Developed Property ETF | 4,500 | 7.0% | ||
iShares International Developed Small Cap Value Factor ETF | 8,350 | 3.0% | ||
iShares JPX-Nikkei 400 ETF | 3,000 | 3.0% | ||
iShares Micro-Cap ETF | 3,000 | 3.0% | ||
iShares Mortgage Real Estate ETF | 250 | 3.0% | ||
iShares North American Natural Resources ETF | 500 | 3.0% | ||
iShares North American Tech-Multimedia Networking ETF | 250 | 3.0% | ||
iShares Preferred and Income Securities ETF | 750 | 3.0% | ||
iShares Residential and Multisector Real Estate ETF | 250 | 3.0% | ||
iShares Russell 1000 ETF | 2,500 | 3.0% | ||
iShares Russell 1000 Growth ETF | 1,450 | 3.0% | ||
iShares Russell 1000 Value ETF | 1,750 | 3.0% | ||
iShares Russell 2000 ETF | 3,000 | 3.0% | ||
iShares Russell 2000 Growth ETF | 2,800 | 3.0% | ||
iShares Russell 2000 Value ETF | 3,000 | 3.0% | ||
iShares Russell 3000 ETF | 3,000 | 3.0% | ||
iShares Russell Mid-Cap ETF | 2,000 | 3.0% | ||
iShares Russell Mid-Cap Growth ETF | 1,150 | 3.0% | ||
iShares Russell Mid-Cap Value ETF | 1,400 | 3.0% | ||
iShares Russell Top 200 ETF | 500 | 3.0% | ||
iShares Russell Top 200 Growth ETF | 300 | 3.0% | ||
iShares Russell Top 200 Value ETF | 300 | 3.0% | ||
iShares S&P 100 ETF | 250 | 3.0% | ||
iShares S&P 500 Growth ETF | 700 | 3.0% | ||
iShares S&P 500 Value ETF | 900 | 3.0% | ||
iShares S&P Mid-Cap 400 Growth ETF | 550 | 3.0% | ||
iShares S&P Mid-Cap 400 Value ETF | 700 | 3.0% | ||
iShares S&P Small-Cap 600 Growth ETF | 900 | 3.0% | ||
iShares S&P Small-Cap 600 Value ETF | 1,100 | 3.0% | ||
iShares Semiconductor ETF | 250 | 3.0% |
Fund | Standard Creation Transaction Fee |
Maximum Additional Charge for Creations1 | ||
iShares U.S. Aerospace & Defense ETF | 250 | 3.0% | ||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | 250 | 3.0% | ||
iShares U.S. Healthcare Providers ETF | 250 | 3.0% | ||
iShares U.S. Home Construction ETF | 250 | 3.0% | ||
iShares U.S. Infrastructure ETF | 475 | 3.0% | ||
iShares U.S. Insurance ETF | 250 | 3.0% | ||
iShares U.S. Medical Devices ETF | 250 | 3.0% | ||
iShares U.S. Oil & Gas Exploration & Production ETF | 250 | 3.0% | ||
iShares U.S. Oil Equipment & Services ETF | 250 | 3.0% | ||
iShares U.S. Pharmaceuticals ETF | 250 | 3.0% | ||
iShares U.S. Real Estate ETF | 250 | 3.0% | ||
iShares U.S. Regional Banks ETF | 250 | 3.0% | ||
iShares U.S. Telecommunications ETF | 250 | 3.0% | ||
iShares US Small Cap Value Factor ETF | 675 | 3.0% |
1 | As a percentage of the net asset value per Creation Unit. |
Fund | Standard Redemption Transaction Fee |
Maximum Additional Charge for Redemptions* | ||
iShares Biotechnology ETF | $300 | 2.0% | ||
iShares Core S&P 500 ETF | 1,250 | 2.0% | ||
iShares Core S&P Mid-Cap ETF | 1,000 | 2.0% | ||
iShares Core S&P Small-Cap ETF | 1,500 | 2.0% | ||
iShares Core S&P Total U.S. Stock Market ETF | 3,000 | 2.0% | ||
iShares Core S&P U.S. Growth ETF | 3,000 | 2.0% | ||
iShares Core S&P U.S. Value ETF | 3,000 | 2.0% | ||
iShares ESG Screened S&P 500 ETF | 1,250 | 2.0% |
Fund | Standard Redemption Transaction Fee |
Maximum Additional Charge for Redemptions* | ||
iShares ESG Screened S&P Mid-Cap ETF | 1,000 | 2.0% | ||
iShares ESG Screened S&P Small-Cap ETF | 1,400 | 2.0% | ||
iShares Europe ETF | 10,000 | 2.0% | ||
iShares Expanded Tech Sector ETF | 650 | 2.0% | ||
iShares Expanded Tech-Software Sector ETF | 250 | 2.0% | ||
iShares Factors US Growth Style ETF | 400 | 2.0% | ||
iShares Factors US Value Style ETF | 475 | 2.0% | ||
iShares Focused Value Factor ETF | 150 | 2.0% | ||
iShares Global Consumer Staples ETF | 1,800 | 2.0% | ||
iShares Global Energy ETF | 600 | 2.0% | ||
iShares Global Financials ETF | 4,000 | 2.0% | ||
iShares Global Industrials ETF | 2,200 | 2.0% | ||
iShares Global Infrastructure ETF | 1,600 | 2.0% | ||
iShares Global Utilities ETF | 1,600 | 2.0% | ||
iShares International Developed Property ETF | 4,500 | 2.0% | ||
iShares International Developed Small Cap Value Factor ETF | 8,350 | 2.0% | ||
iShares JPX-Nikkei 400 ETF | 3,000 | 2.0% | ||
iShares Micro-Cap ETF | 3,000 | 2.0% | ||
iShares Mortgage Real Estate ETF | 250 | 2.0% | ||
iShares North American Natural Resources ETF | 500 | 2.0% | ||
iShares North American Tech-Multimedia Networking ETF | 250 | 2.0% | ||
iShares Preferred and Income Securities ETF | 750 | 2.0% | ||
iShares Residential and Multisector Real Estate ETF | 250 | 2.0% | ||
iShares Russell 1000 ETF | 2,500 | 2.0% | ||
iShares Russell 1000 Growth ETF | 1,450 | 2.0% | ||
iShares Russell 1000 Value ETF | 1,750 | 2.0% | ||
iShares Russell 2000 ETF | 3,000 | 2.0% | ||
iShares Russell 2000 Growth ETF | 2,800 | 2.0% | ||
iShares Russell 2000 Value ETF | 3,000 | 2.0% | ||
iShares Russell 3000 ETF | 3,000 | 2.0% | ||
iShares Russell Mid-Cap ETF | 2,000 | 2.0% | ||
iShares Russell Mid-Cap Growth ETF | 1,150 | 2.0% | ||
iShares Russell Mid-Cap Value ETF | 1,400 | 2.0% | ||
iShares Russell Top 200 ETF | 500 | 2.0% | ||
iShares Russell Top 200 Growth ETF | 300 | 2.0% | ||
iShares Russell Top 200 Value ETF | 300 | 2.0% | ||
iShares S&P 100 ETF | 250 | 2.0% | ||
iShares S&P 500 Growth ETF | 700 | 2.0% | ||
iShares S&P 500 Value ETF | 900 | 2.0% | ||
iShares S&P Mid-Cap 400 Growth ETF | 550 | 2.0% | ||
iShares S&P Mid-Cap 400 Value ETF | 700 | 2.0% | ||
iShares S&P Small-Cap 600 Growth ETF | 900 | 2.0% | ||
iShares S&P Small-Cap 600 Value ETF | 1,100 | 2.0% | ||
iShares Semiconductor ETF | 250 | 2.0% | ||
iShares U.S. Aerospace & Defense ETF | 250 | 2.0% | ||
iShares U.S. Broker-Dealers & Securities Exchanges ETF | 250 | 2.0% | ||
iShares U.S. Healthcare Providers ETF | 250 | 2.0% | ||
iShares U.S. Home Construction ETF | 250 | 2.0% | ||
iShares U.S. Infrastructure ETF | 475 | 2.0% | ||
iShares U.S. Insurance ETF | 250 | 2.0% | ||
iShares U.S. Medical Devices ETF | 250 | 2.0% | ||
iShares U.S. Oil & Gas Exploration & Production ETF | 250 | 2.0% |
Fund | Standard Redemption Transaction Fee |
Maximum Additional Charge for Redemptions* | ||
iShares U.S. Oil Equipment & Services ETF | 250 | 2.0% | ||
iShares U.S. Pharmaceuticals ETF | 250 | 2.0% | ||
iShares U.S. Real Estate ETF | 250 | 2.0% | ||
iShares U.S. Regional Banks ETF | 250 | 2.0% | ||
iShares U.S. Telecommunications ETF | 250 | 2.0% | ||
iShares US Small Cap Value Factor ETF | 675 | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive of the standard redemption transaction fee. |
Fund | Non-Expiring Capital Loss Carryforward | |
iShares Biotechnology ETF | $1,428,052,267 | |
iShares Core S&P 500 ETF | 4,128,046,808 | |
iShares Core S&P Mid-Cap ETF | 1,737,798,510 | |
iShares Core S&P Small-Cap ETF | 2,388,028,988 | |
iShares Core S&P Total U.S. Stock Market ETF | 358,810,939 | |
iShares Core S&P U.S. Growth ETF | 365,934,964 | |
iShares Core S&P U.S. Value ETF | 580,422,122 | |
iShares ESG Screened S&P 500 ETF | 34,318 | |
iShares ESG Screened S&P Mid-Cap ETF | 53,137 | |
iShares ESG Screened S&P Small-Cap ETF | 18,543 | |
iShares Europe ETF | 302,262,836 | |
iShares Expanded Tech Sector ETF | 22,125,503 |
Fund | Non-Expiring Capital Loss Carryforward | |
iShares Expanded Tech-Software Sector ETF | 111,306,889 | |
iShares Factors US Growth Style ETF | 11,990 | |
iShares Factors US Value Style ETF | 219,929 | |
iShares Focused Value Factor ETF | 9,634,428 | |
iShares Global Consumer Staples ETF | 18,103,372 | |
iShares Global Energy ETF | 160,867,572 | |
iShares Global Financials ETF | 57,818,192 | |
iShares Global Industrials ETF | 22,646,604 | |
iShares Global Infrastructure ETF | 316,510,669 | |
iShares Global Utilities ETF | 38,361,599 | |
iShares International Developed Property ETF | 28,214,572 | |
iShares International Developed Small Cap Value Factor ETF | N/A | |
iShares JPX-Nikkei 400 ETF | 21,100,759 | |
iShares Micro-Cap ETF | 167,055,446 | |
iShares Mortgage Real Estate ETF | 174,144,121 | |
iShares Residential and Multisector Real Estate ETF | 3,314,269 | |
iShares North American Natural Resources ETF | 477,090,865 | |
iShares North American Tech-Multimedia Networking ETF | 70,375,105 | |
iShares Preferred and Income Securities ETF | 1,737,916,306 | |
iShares Russell 1000 ETF | 613,444,581 | |
iShares Russell 1000 Growth ETF | 1,417,611,778 | |
iShares Russell 1000 Value ETF | 3,119,799,282 | |
iShares Russell 2000 ETF | 8,500,766,227 | |
iShares Russell 2000 Growth ETF | 1,322,036,379 | |
iShares Russell 2000 Value ETF | 1,580,502,649 | |
iShares Russell 3000 ETF | 133,494,308 | |
iShares Russell Mid-Cap ETF | 1,132,451,882 | |
iShares Russell Mid-Cap Growth ETF | 998,195,710 | |
iShares Russell Mid-Cap Value ETF | 1,155,965,224 | |
iShares Russell Top 200 ETF | 10,254,466 | |
iShares Russell Top 200 Growth ETF | 73,641,477 | |
iShares Russell Top 200 Value ETF | 39,591,117 | |
iShares S&P 100 ETF | 275,370,205 | |
iShares S&P 500 Growth ETF | 1,141,109,830 | |
iShares S&P 500 Value ETF | 1,158,584,208 | |
iShares S&P Mid-Cap 400 Growth ETF | 248,986,573 | |
iShares S&P Mid-Cap 400 Value ETF | 516,161,831 | |
iShares S&P Small-Cap 600 Growth ETF | 161,202,613 | |
iShares S&P Small-Cap 600 Value ETF | 648,307,766 | |
iShares Semiconductor ETF | 83,206,150 | |
iShares U.S. Aerospace & Defense ETF | 722,874,076 | |
iShares U.S. Broker-Dealers & Securities Exchanges ETF | 36,996,700 | |
iShares U.S. Healthcare Providers ETF | 122,243,181 |
Fund | Non-Expiring Capital Loss Carryforward | |
iShares U.S. Home Construction ETF | 145,185,143 | |
iShares U.S. Infrastructure ETF | 3,063,692 | |
iShares U.S. Insurance ETF | 3,367,681 | |
iShares U.S. Medical Devices ETF | 133,226,956 | |
iShares U.S. Oil & Gas Exploration & Production ETF | 184,967,068 | |
iShares U.S. Oil Equipment & Services ETF | 287,690,727 | |
iShares U.S. Pharmaceuticals ETF | 189,661,444 | |
iShares U.S. Real Estate ETF | 322,683,818 | |
iShares U.S. Regional Banks ETF | 20,030,231 | |
iShares U.S. Telecommunications ETF | 229,710,211 | |
iShares US Small Cap Value Factor ETF | 56,600 |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure, mergers, asset sales and other special transactions |
• | Compensation and benefits |
• | Environmental and social issues |
• | General corporate governance matters and shareholder protections |
• | establishing an appropriate corporate governance structure |
• | supporting and overseeing management in setting long -term strategic goals, applicable measures of value-creation and milestones that will demonstrate progress, and steps taken if any obstacles are anticipated or incurred |
• | ensuring the integrity of financial statements |
• | making independent decisions regarding mergers, acquisitions and disposals |
• | establishing appropriate executive compensation structures |
• | addressing business issues, including environmental and social issues, when they have the potential to materially impact company reputation and performance |
• | current or former employment at the company or a subsidiary within the past several years |
• | being, or representing, a shareholder with a substantial shareholding in the company |
• | interlocking directorships |
• | having any other interest, business or other relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
1) | publish a disclosure in line with industry-specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
2) | disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |
• | BlackRock clients who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock business partners or third parties who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock employees who may sit on the boards of public companies held in Funds managed by BlackRock |
• | Significant BlackRock, Inc. investors who may be issuers of securities held in Funds managed by BlackRock |
• | Securities of BlackRock, Inc. or BlackRock investment funds held in Funds managed by BlackRock |
• | BlackRock, Inc. board members who serve as senior executives of public companies held in Funds managed by BlackRock |
• | Adopted the Guidelines which are designed to protect and enhance the economic value of the companies in which BlackRock invests on behalf of clients. |
• | Established a reporting structure that separates BIS from employees with sales, vendor management or business partnership roles. In addition, BlackRock seeks to ensure that all engagements with corporate issuers, dissident shareholders or shareholder proponents are managed consistently and without regard to BlackRock’s relationship with such parties. Clients or business partners are not given special treatment or differentiated access to BIS. BIS prioritizes engagements based on factors including but not limited to our need for additional information to make a voting decision or our view on the likelihood that an engagement could lead to positive outcome(s) over time for the economic value of the company. Within the normal course of business, BIS may engage directly with BlackRock clients, business partners and/or third parties, and/or with employees with sales, vendor management or business partnership roles, in discussions regarding our approach to stewardship, general corporate governance matters, client reporting needs, and/or to otherwise ensure that proxy-related client service levels are met. |
• | Determined to engage, in certain instances, an independent fiduciary to vote proxies as a further safeguard to avoid potential conflicts of interest, to satisfy regulatory compliance requirements, or as may be otherwise required by applicable law. In such circumstances, the independent fiduciary provides BlackRock’s proxy voting agent with instructions, in accordance with the Guidelines, as to how to vote such proxies, and BlackRock’s proxy voting agent votes the proxy in accordance with the independent fiduciary’s determination. BlackRock uses an independent fiduciary to vote proxies of (i) any company that is affiliated with BlackRock, Inc., (ii) any public company that includes BlackRock employees on its board of directors, (iii) The PNC Financial Services Group, Inc., (iv) any public company of which a BlackRock, Inc. board member serves as a senior executive, and (v) companies when legal or regulatory requirements compel BlackRock to use an independent fiduciary. In selecting an independent fiduciary, we assess several characteristics, including but not limited to: independence, an ability to analyze proxy issues and vote in the best economic interest of our clients, reputation for reliability and integrity, and operational capacity to accurately deliver the assigned votes in a timely manner. We may engage more than one independent fiduciary, in part in order to mitigate potential or perceived conflicts of interest at an independent fiduciary. The Global Committee appoints and reviews the performance of the independent fiduciar(ies), generally on an annual basis. |
Contents | |
Introduction | A-16 |
Voting guidelines | A-16 |
Boards and directors | A-16 |
- Director elections | A-16 |
- Independence | A-16 |
- Oversight | A-17 |
- Responsiveness to shareholders | A-17 |
- Shareholder rights | A-17 |
- Board composition and effectiveness | A-18 |
- Board size | A-19 |
- CEO and management succession planning | A-19 |
- Classified board of directors / staggered terms | A-19 |
- Contested director elections | A-19 |
- Cumulative voting | A-19 |
- Director compensation and equity programs | A-19 |
- Majority vote requirements | A-19 |
- Risk oversight | A-20 |
- Separation of chairman and CEO | A-20 |
Auditors and audit-related issues | A-20 |
Capital structure proposals | A-21 |
- Equal voting rights | A-21 |
- Blank check preferred stock | A-21 |
- Increase in authorized common shares | A-21 |
- Increase or issuance of preferred stock | A-21 |
- Stock splits | A-22 |
Mergers, asset sales, and other special transactions | A-22 |
- Poison pill plans | A-22 |
- Reimbursement of expenses for successful shareholder campaigns | A-22 |
Executive Compensation | A-22 |
- Advisory resolutions on executive compensation (“Say on Pay”) | A-23 |
- Advisory votes on the frequency of Say on Pay resolutions | A-23 |
- Claw back proposals | A-23 |
- Employee stock purchase plans | A-23 |
- Equity compensation plans | A-23 |
- Golden parachutes | A-23 |
- Option exchanges | A-24 |
- Pay-for-Performance plans | A-24 |
- Supplemental executive retirement plans | A-24 |
Environmental and social issues | A-24 |
- Climate risk | A-25 |
- Corporate political activities | A-26 |
General corporate governance matters | A-26 |
- Adjourn meeting to solicit additional votes | A-26 |
- Bundled proposals | A-26 |
- Exclusive forum provisions | A-26 |
- Multi-jurisdictional companies | A-26 |
- Other business | A-27 |
- Reincorporation | A-27 |
- IPO governance | A-27 |
Contents | |
Shareholder Protections | A-27 |
- Amendment to charter / articles / bylaws | A-27 |
- Proxy access | A-28 |
- Right to act by written consent | A-28 |
- Right to call a special meeting | A-28 |
- Simple majority voting | A-28 |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure |
• | Mergers, asset sales, and other special transactions |
• | Executive compensation |
• | Environmental and social issues |
• | General corporate governance matters |
• | Shareholder protections |
• | Employment as a senior executive by the company or a subsidiary within the past five years |
• | An equity ownership in the company in excess of 20% |
• | Having any other interest, business, or relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
• | Where the board has failed to exercise oversight with regard to accounting practices or audit oversight, we will consider voting against the current audit committee, and any other members of the board who may be responsible. For example, this may apply to members of the audit committee during a period when the board failed to facilitate quality, independent auditing if substantial accounting irregularities suggest insufficient oversight by that committee |
• | Members of the compensation committee during a period in which executive compensation appears excessive relative to performance and peers, and where we believe the compensation committee has not already substantially addressed this issue |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where the board is not comprised of a majority of independent directors. However, this would not apply in the case of a controlled company |
• | Where it appears the director has acted (at the company or at other companies) in a manner that compromises his / her reliability to represent the best long-term economic interests of shareholders |
• | Where a director has a pattern of poor attendance at combined board and applicable key committee meetings. Excluding exigent circumstances, BlackRock generally considers attendance at less than 75% of the combined board and applicable key committee meetings by a board member to be poor attendance |
• | Where a director serves on an excess number of boards, which may limit his / her capacity to focus on each board’s requirements. The following illustrates the maximum number of boards on which a director may serve, before he / she is considered to be over-committed: |
Public Company CEO |
# Outside Public Boards* |
Total # of Public Boards | |||
Director A | x | 1 | 2 | ||
Director B | 3 | 4 |
* | In addition to the company under review |
• | The independent chair or lead independent director, members of the nominating / governance committee, and / or the longest tenured director(s), where we observe a lack of board responsiveness to shareholders, evidence of board entrenchment, and / or failure to promote adequate board succession planning |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where board member(s) at the most recent election of directors have received withhold votes from more than 30% of shares voted and the board has not taken appropriate action to respond to shareholder concerns. This may not apply in cases where BlackRock did not support the initial withhold vote |
• | The independent chair or lead independent director and / or members of the nominating / governance committee, where a board fails to implement shareholder proposals that receive a majority of votes cast at a prior shareholder meeting, and the proposals, in our view, have a direct and substantial impact on shareholders’ fundamental rights or long-term economic interests |
• | The independent chair or lead independent director and members of the governance committee, where a board implements or renews a poison pill without shareholder approval |
• | The independent chair or lead independent director and members of the governance committee, where a board amends the charter / articles / bylaws such that the effect may be to entrench directors or to significantly reduce shareholder rights |
• | Members of the compensation committee where the company has repriced options without shareholder approval |
• | If a board maintains a classified structure, it is possible that the director(s) with whom we have a particular concern may not be subject to election in the year that the concern arises. In such situations, if we have a concern regarding a committee or committee chair that is not up for re-election, we will generally register our concern by withholding votes from all available members of the relevant committee |
• | The mix of competencies, experience, and other qualities required to effectively oversee and guide management in light of the stated long-term strategy of the company |
• | The process by which candidates are identified and selected, including whether professional firms or other sources outside of incumbent directors’ networks have been engaged to identify and / or assess candidates |
• | The process by which boards evaluate themselves and any significant outcomes of the evaluation process, without divulging inappropriate and / or sensitive details |
• | The consideration given to board diversity, including, but not limited to, gender, ethnicity, race, age, experience, geographic location, skills, and perspective in the nomination process |
Combined Chair / CEO Model |
Separate Chair Model | ||||
Chair / CEO | Lead Director | Chair | |||
Board Meetings | Authority to call full meetings of the board of directors | Attends full meetings of the board of directors Authority to call meetings of independent directors Briefs CEO on issues arising from executive sessions |
Authority to call full meetings of the board of directors | ||
Agenda | Primary responsibility for shaping board agendas, consulting with the lead director | Collaborates with chair / CEO to set board agenda and board information | Primary responsibility for shaping board agendas, in conjunction with CEO | ||
Board Communications | Communicates with all directors on key issues and concerns outside of full board meetings | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning |
• | Appears to have a legitimate financing motive for requesting blank check authority |
• | Has committed publicly that blank check preferred shares will not be used for anti-takeover purposes |
• | Has a history of using blank check preferred stock for financings |
• | Has blank check preferred stock previously outstanding such that an increase would not necessarily provide further anti-takeover protection but may provide greater financing flexibility |
• | The degree to which the proposed transaction represents a premium to the company’s trading price. We consider the share price over multiple time periods prior to the date of the merger announcement. In most cases, business combinations should provide a premium. We may consider comparable transaction analyses provided by the parties’ financial advisors and our own valuation assessments. For companies facing insolvency or bankruptcy, a premium may not apply |
• | There should be clear strategic, operational, and / or financial rationale for the combination |
• | Unanimous board approval and arm’s-length negotiations are preferred. We will consider whether the transaction involves a dissenting board or does not appear to be the result of an arm’s-length bidding process. We may also consider whether executive and / or board members’ financial interests in a given transaction appear likely to affect their ability to place shareholders’ interests before their own |
• | We prefer transaction proposals that include the fairness opinion of a reputable financial advisor assessing the value of the transaction to shareholders in comparison to recent similar transactions |
• | Whether we believe that the triggering event is in the best interest of shareholders |
• | Whether management attempted to maximize shareholder value in the triggering event |
• | The percentage of total premium or transaction value that will be transferred to the management team, rather than shareholders, as a result of the golden parachute payment |
• | Whether excessively large excise tax gross-up payments are part of the pay-out |
• | Whether the pay package that serves as the basis for calculating the golden parachute payment was reasonable in light of performance and peers |
• | Whether the golden parachute payment will have the effect of rewarding a management team that has failed to effectively manage the company |
• | The company has experienced significant stock price decline as a result of macroeconomic trends, not individual company performance |
• | Directors and executive officers are excluded; the exchange is value neutral or value creative to shareholders; tax, accounting, and other technical considerations have been fully contemplated |
• | There is clear evidence that absent repricing, the company will suffer serious employee incentive or retention and recruiting problems |
• | Publish disclosures in line with industry specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
• | Disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |
Fund | Ticker | Listing Exchange | ||
iShares 0-5 Year High Yield Corporate Bond ETF | SHYG | NYSE Arca | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | SLQD | NASDAQ | ||
iShares 0-5 Year TIPS Bond ETF | STIP | NYSE Arca | ||
iShares 1-3 Year International Treasury Bond ETF | ISHG | NASDAQ | ||
iShares Aaa - A Rated Corporate Bond ETF | QLTA | NYSE Arca | ||
iShares BB Rated Corporate Bond ETF | HYBB | NYSE Arca | ||
iShares Broad USD High Yield Corporate Bond ETF | USHY | Cboe BZX | ||
iShares CMBS ETF | CMBS | NYSE Arca | ||
iShares Convertible Bond ETF | ICVT | Cboe BZX | ||
iShares Core 1-5 Year USD Bond ETF | ISTB | NASDAQ | ||
iShares Core International Aggregate Bond ETF | IAGG | Cboe BZX | ||
iShares ESG Advanced High Yield Corporate Bond ETF | HYXF | NASDAQ | ||
iShares Fallen Angels USD Bond ETF | FALN | NASDAQ | ||
iShares Floating Rate Bond ETF | FLOT | Cboe BZX | ||
iShares Global Green Bond ETF | BGRN | NASDAQ | ||
iShares GNMA Bond ETF | GNMA | NASDAQ | ||
iShares International Treasury Bond ETF | IGOV | NASDAQ | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | EMB | NASDAQ | ||
iShares TIPS Bond ETF | TIP | NYSE Arca | ||
iShares Treasury Floating Rate Bond ETF | TFLO | NYSE Arca | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF | FIBR | Cboe BZX | ||
iShares U.S. Treasury Bond ETF | GOVT | Cboe BZX |
• | iShares 0-5 Year High Yield Corporate Bond ETF |
• | iShares 0-5 Year Investment Grade Corporate Bond ETF |
• | iShares 0-5 Year TIPS Bond ETF |
• | iShares 1-3 Year International Treasury Bond ETF1 |
• | iShares Aaa - A Rated Corporate Bond ETF |
• | iShares BB Rated Corporate Bond ETF |
• | iShares Broad USD High Yield Corporate Bond ETF |
• | iShares CMBS ETF |
• | iShares Convertible Bond ETF |
• | iShares Core 1-5 Year USD Bond ETF |
• | iShares Core International Aggregate Bond ETF |
• | iShares ESG Advanced High Yield Corporate Bond ETF2 |
• | iShares Fallen Angels USD Bond ETF |
• | iShares Floating Rate Bond ETF |
• | iShares Global Green Bond ETF |
• | iShares GNMA Bond ETF |
• | iShares International Treasury Bond ETF3 |
• | iShares J.P. Morgan USD Emerging Markets Bond ETF |
• | iShares TIPS Bond ETF |
• | iShares Treasury Floating Rate Bond ETF |
• | iShares U.S. Fixed Income Balanced Risk Factor ETF4,5 |
• | iShares U.S. Treasury Bond ETF |
1 | On September 1, 2020, the Fund’s Underlying Index changed from the S&P International Sovereign Ex-U.S. 1-3 Year Bond Index to the FTSE World Government Bond Index – Developed Markets 1-3 Years Capped Select Index. |
2 | On September 15, 2020, the name of the Fund changed from the iShares iBoxx $ High Yield ex Oil & Gas Corporate Bond ETF to the iShares ESG Advanced High Yield Corporate Bond ETF, and the Fund’s Underlying Index changed from the Markit iBoxx USD Liquid High Yield ex-Oil and Gas Index to the Bloomberg MSCI US High Yield Choice ESG Screened Index. |
3 | On September 1, 2020, the Fund’s Underlying Index changed from the S&P International Sovereign Ex-U.S. Bond Index to the FTSE World Government Bond Index – Developed Markets Capped Select Index. |
4 | The iShares U.S. Fixed Income Balanced Risk Factor ETF previously operated as a series of iShares U.S. ETF Trust (the “Predecessor Fund”). Before the Fund commenced operations, all of the assets and liabilities of the Predecessor Fund were transferred to the Fund in a reorganization (the “Reorganization”), which was tax-free for U.S. federal income tax purposes. The Reorganization occurred on February 5, 2018. As a result of the Reorganization, the Fund assumed the performance and accounting history of the Predecessor Fund, which was actively managed by BlackRock Fund Advisors (“BFA”) using an investment strategy substantially similar to the methodology of the Underlying Index. A portion of the financial and performance information included in this SAI is that of the Predecessor Fund. |
5 | On August 17, 2020, the name of the Fund changed from the iShares Edge U.S. Fixed Income Balanced Risk ETF to the iShares U.S. Fixed Income Balanced Risk Factor ETF. |
Diversified Funds | Non-Diversified Funds | |
iShares 0-5 Year High Yield Corporate Bond ETF | iShares 1-3 Year International Treasury Bond ETF | |
iShares 0-5 Year Investment Grade Corporate Bond ETF | iShares Core International Aggregate Bond ETF | |
iShares 0-5 Year TIPS Bond ETF | iShares Global Green Bond ETF | |
iShares Aaa - A Rated Corporate Bond ETF | iShares International Treasury Bond ETF | |
iShares BB Rated Corporate Bond ETF | ||
iShares Broad USD High Yield Corporate Bond ETF | ||
iShares CMBS ETF | ||
iShares Convertible Bond ETF | ||
iShares Core 1-5 Year USD Bond ETF | ||
iShares ESG Advanced High Yield Corporate Bond ETF | ||
iShares Fallen Angels USD Bond ETF | ||
iShares Floating Rate Bond ETF | ||
iShares GNMA Bond ETF | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | ||
iShares TIPS Bond ETF | ||
iShares Treasury Floating Rate Bond ETF | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF | ||
iShares U.S. Treasury Bond ETF |
• | High yield bonds may be issued by less creditworthy issuers. These securities are vulnerable to adverse changes in the issuer’s industry or to general economic conditions. Issuers of high yield bonds may be unable to meet their interest or principal payment obligations because of an economic downturn, specific issuer developments or the unavailability of additional financing. |
• | The issuers of high yield bonds may have a larger amount of outstanding debt relative to their assets than issuers of investment grade bonds. If the issuer experiences financial stress, it may be unable to meet its debt obligations. The issuer’s ability to pay its debt obligations also may be lessened by specific issuer developments, or the unavailability of additional financing. Issuers of high yield securities are often in the growth stage of their development and/or involved in a reorganization or takeover. |
• | High yield bonds are frequently ranked junior to claims by other creditors. If the issuer cannot meet its obligations, the senior obligations are generally paid off before the junior obligations, which will potentially limit a Fund’s ability to fully recover principal, to receive interest payments when senior securities are in default or to receive restructuring benefits paid to holders of more senior classes of debt. Thus, investors in high yield securities frequently have a lower degree of protection with respect to principal and interest payments than do investors in higher rated securities. |
• | High yield bonds frequently have redemption features that permit an issuer to repurchase the security from a Fund before it matures. If an issuer redeems the high yield bonds, a Fund may have to invest the proceeds in bonds with lower yields and may lose income. |
• | Prices of high yield bonds are subject to extreme fluctuations. Negative economic developments may have a greater impact on the prices of high yield bonds than on those of other higher rated fixed-income securities. |
• | Under certain economic and/or market conditions, a Fund may have difficulty disposing of certain high yield securities due to the limited number of investors in that sector of the market. There are fewer dealers in the high yield bond market, and there may be significant differences in the prices quoted for high yield bonds by dealers, and such quotations may not be the actual prices available for a purchase or sale. Judgment may play a greater role in the prices and values generated for such securities than in the case of securities trading in a more liquid market. |
• | The secondary markets for high yield securities are not as liquid as the secondary markets for higher rated securities. The secondary markets for high yield securities are concentrated in relatively few market makers and, participants in the markets are mostly institutional investors, including insurance companies, banks, other financial institutions and mutual funds. In addition, the trading volume for high yield securities is generally lower than that for higher rated securities and the secondary markets could contract under adverse market or economic conditions independent of any specific adverse changes in the condition of a particular issuer. Under certain economic and/or market conditions, a Fund may have difficulty disposing of certain high yield securities due to the limited number of investors in that sector of the market. An illiquid secondary market may adversely affect the market price of the high yield security, which may result in increased difficulty selling the particular issue and obtaining accurate market quotations on the issue when valuing a Fund's assets. Market quotations on high yield securities are available only from a limited number of dealers, and such quotations may not be the actual prices available for a purchase or sale. When the secondary market for high yield securities becomes more illiquid, or in the absence of readily available market quotations for such securities, the relative lack of reliable objective data makes it more difficult to value such securities, and judgment plays a more important role in determining such valuations. |
• | A Fund may incur expenses to the extent necessary to seek recovery upon default or to negotiate new terms with a defaulting issuer. |
• | The high yield bond markets may react strongly to adverse news about an issuer or the economy, or to the perception or expectation of adverse news, whether or not it is based on fundamental analysis. Additionally, prices for high yield securities may be affected by legislative and regulatory developments. These developments could adversely affect a Fund’s NAV and investment practices, the secondary market for high yield securities, the financial condition of issuers of these securities and the value and liquidity of outstanding high yield securities, especially in a thinly traded market. For example, federal legislation requiring the divestiture by federally insured savings and loan associations of their investments in high yield bonds and limiting the deductibility of interest by certain corporate issuers of high yield bonds adversely affected the market in the past. |
• | Communications of Data Files: A Fund may make available through the facilities of the National Securities Clearing Corporation (“NSCC”) or through posting on the www.iShares.com, prior to the opening of trading on each business day, a list of a Fund’s holdings (generally pro-rata) that Authorized Participants could deliver to a Fund to settle purchases of a Fund (i.e. Deposit Securities) or that Authorized Participants would receive from a Fund to settle redemptions of a Fund (i.e. Fund Securities). These files are known as the Portfolio Composition File and the Fund Data File (collectively, “Files”). The Files are applicable for the next trading day and are provided to the NSCC and/or posted on www.iShares.com after the close of markets in the U.S. |
• | Communications with Authorized Participants and Liquidity Providers: Certain employees of BFA are responsible for interacting with Authorized Participants and liquidity providers with respect to discussing custom basket proposals as described in the Custom Baskets section of this SAI. As part of these discussions, these employees may discuss with an Authorized Participant or liquidity provider the securities a Fund is willing to accept for a creation, and securities that a Fund will provide on a redemption. |
• | Communications with Listing Exchanges: From time to time, employees of BFA may discuss portfolio holdings information with the applicable primary listing exchange for a Fund as needed to meet the exchange listing standards. |
• | Communications with Other Portfolio Managers: Certain information may be provided to employees of BFA who manage funds that invest a significant percentage of their assets in shares of an underlying fund as necessary to manage the fund’s investment objective and strategy. |
• | Communication of Other Information: Certain explanatory information regarding the Files is released to Authorized Participants and liquidity providers on a daily basis, but is only done so after the Files are posted to www.iShares.com. |
• | Third-Party Service Providers: Certain portfolio holdings information may be disclosed to Fund Trustees and their counsel, outside counsel for the Funds, auditors and to certain third-party service providers (i.e., fund administrator, custodian, proxy voting service) for which a non-disclosure, confidentiality agreement or other obligation is in place with such service providers, as may be necessary to conduct business in the ordinary course in a manner consistent with applicable policies, agreements with the Funds, the terms of the current registration statements and federal securities laws and regulations thereunder. |
• | Liquidity Metrics: “Liquidity Metrics,” which seek to ascertain a Fund’s liquidity profile under BlackRock’s global liquidity risk methodology, include but are not limited to: (a) disclosure regarding the number of days needed to liquidate a portfolio or the portfolio’s underlying investments; and (b) the percentage of a Fund’s NAV invested in a particular liquidity tier under BlackRock’s global liquidity risk methodology. The dissemination of position-level liquidity metrics data and any non-public regulatory data pursuant to the Liquidity Rule (including SEC liquidity tiering) is not permitted unless pre-approved. Disclosure of portfolio-level liquidity metrics prior to 60 calendar days after calendar quarter-end requires a non-disclosure or confidentiality agreement and approval of the Trust’s Chief Compliance Officer. Portfolio-level liquidity metrics disclosure subsequent to 60 calendar days after calendar quarter-end requires the approval of portfolio management and must be disclosed to all parties requesting the information if disclosed to any party. |
• | Where a bond’s guarantee comes from if the issuer is backed by a government or parent corporate entity. |
• | Where the largest source of revenue, operations or cash flows is generated by the issuer. |
• | Where an issuer is headquartered or its centralized decision-making occurs. |
• | Additional criteria may be used in the evaluation of a bond’s country of risk, including, but not limited to: |
• | Where the issuer is incorporated, legally domiciled and regulated. |
• | Where an issuer’s stock is listed and traded. |
• | Where existing issuers within the index that are similarly structured or organized are classified. |
• | Adult Entertainment: All companies that derive 5% or more aggregate revenue from the production, distribution and retail, and all companies that produce, direct, or publish adult entertainment materials that fall into the following categories: producer of NC-17- rated films, pay-per-view programming or channels, sexually explicit video games, books or magazines with adult content, live entertainment of an adult nature, adults-only material on the internet; |
• | Alcohol: All companies classified as a “producer” that derive $500 million or 5% or more in revenue from manufacturing, distributing, retailing, licensing, and supplying alcoholic products, and all companies deriving 15% or more aggregate revenue from the manufacture, distribution, retailing, licensing, and supply of alcoholic products; |
• | Gambling: All companies classified as involved in “operations” that derive $500 million or 5% or more in revenue from ownership or operation of gambling facilities, provision of key products or services fundamental to gambling operations, and licensing of gambling products, and all companies deriving 15% or more aggregate revenue from ownership or operation of gambling facilities, provision of key products or services fundamental to gambling operations, and licensing of gambling products; |
• | Tobacco: All companies that manufacture tobacco products, such as cigars, blunts, cigarettes, e-cigarettes, inhalers, beedis, kreteks, smokeless tobacco, snuff, snus, dissolvable and chewing tobacco (including companies that grow or process raw tobacco leaves), and all companies deriving 5% or more aggregate revenue from the manufacture, distribution, retailing, licensing, and supply of tobacco products; |
• | Genetically Modified Organisms (GMO): All companies deriving revenue from genetically modifying plants, such as seeds and crops, and other organisms intended for agricultural use or human consumption; |
• | Controversial Weapons: All companies that manufacture cluster munitions whole weapons systems, components, or delivery platforms, all companies involved in the production of depleted uranium (DU) weapons, ammunition, and armor, including companies that manufacture armor piercing, fin stabilized, discarding sabot tracing rounds (APFSDS-T), kinetic Energy Missiles made with DU penetrators, and DU-enhanced armor, including composite tank armor, and all companies that manufacture landmines whole systems or components; |
• | Nuclear Weapons: All companies that manufacture nuclear warheads and/or whole nuclear missiles (including assembly and integration of warhead and missile body, as well as companies with contracts to operate/manage government-owned facilities that manufacture nuclear warheads and missiles), all companies that manufacture components that were developed or are significantly modified for exclusive use in nuclear weapons (warheads and missiles) (including companies with contracts to operate/manage government-owned facilities that manufacture components for nuclear warheads and missiles), all companies that manufacture or assemble delivery platforms that were developed or significantly modified for the exclusive delivery of nuclear weapons, all companies that manufacture components that were not developed or not significantly modified for exclusive use in nuclear weapons (warheads and missiles) but can be used in nuclear weapons, all companies that manufacture or assemble delivery platforms that were not developed or not significantly modified for the exclusive delivery of nuclear weapons but have the capability to deliver nuclear weapons, all companies that manufacture components for nuclear-exclusive delivery platforms, and all companies that manufacture components for dual-use delivery platforms; |
• | Civilian Weapons: All companies that manufacture firearms and small arms ammunitions for civilian markets (but not including companies that cater to the military, government, and law enforcement markets), all companies deriving 5% or more aggregate revenue from the production and distribution (wholesale or retail) of firearms or small arms ammunition intended for civilian use, and all companies deriving $20 million or more revenue from the production and distribution (wholesale or retail) of firearms or small arms ammunition intended for civilian use; |
• | Conventional Weapons: All companies deriving 5% or more revenue from the production of conventional weapons and components, all companies deriving 10% or more aggregate revenue from weapons systems, components, and support systems and services for conventional weapons; |
• | For Profit Prisons: All companies deriving 50% or more revenue from involvement in the operation of “for profit prisons” (also known as “private prisons”) or the provision of integral services to these types of facilities; |
• | Predatory Lending: All companies deriving 5% or more revenue from products and services associated with certain controversial lending practices; |
• | Palm Oil: All companies deriving more than 0% revenue from cultivating oil palm trees and harvesting fresh fruit bunches (FFBs) used to produce palm oil products; |
• | Nuclear Power: All companies that own or operate nuclear power plants, or own or operate active uranium mines, or involved in uranium enrichment and processing or the design and engineering of nuclear power reactors, and all companies deriving 15% or more aggregate revenue from ownership or operation of nuclear power plants and supply of key nuclear-specific products or services; and |
• | Fossil Fuel: All companies that belong to the Bloomberg Energy Fixed Income Sector or all companies that have an industry tie to fossil fuels (thermal coal, oil and gas) – in particular, reserve ownership, related revenues and power generation. Companies are not excluded from the Underlying Index solely on the basis of metallurgical coal reserve ownership. |
1. | Concentrate its investments in a particular industry, as that term is used in the Investment Company Act, except that each Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of a particular industry or group of industries. |
2. | Borrow money, except as permitted under the Investment Company Act. |
3. | Issue senior securities to the extent such issuance would violate the Investment Company Act. |
4. | Purchase or hold real estate, except each Fund may purchase and hold securities or other instruments that are secured by, or linked to, real estate or interests therein, securities of real estate investment trusts, mortgage-related securities and securities of issuers engaged in the real estate business, and the Fund may purchase and hold real estate as a result of the ownership of securities or other instruments. |
5. | Underwrite securities issued by others, except to the extent that the sale of portfolio securities by each Fund may be deemed to be an underwriting or as otherwise permitted by applicable law. |
6. | Purchase or sell commodities or commodity contracts, except as permitted by the Investment Company Act. |
7. | Make loans to the extent prohibited by the Investment Company Act. |
1. | Concentrate its investments in a particular industry, as that term is used in the Investment Company Act. |
2. | Borrow money, except as permitted under the Investment Company Act. |
3. | Issue senior securities to the extent such issuance would violate the Investment Company Act. |
4. | Purchase or hold real estate, except the Fund may purchase and hold securities or other instruments that are secured by, or linked to, real estate or interests therein, securities of REITs, mortgage-related securities and securities of issuers engaged in the real estate business, and the Fund may purchase and hold real estate as a result of the ownership of securities or other instruments. |
5. | Underwrite securities issued by others, except to the extent that the sale of portfolio securities by the Fund may be deemed to be an underwriting or as otherwise permitted by applicable law. |
6. | Purchase or sell commodities or commodity contracts, except as permitted by the Investment Company Act. |
7. | Make loans to the extent prohibited by the Investment Company Act. |
1. | Concentrate its investments (i.e., invest 25% or more of its total assets in the securities of a particular industry or group of industries), except that the Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) the Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities; and (ii) the Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it |
engages in transactions described in (i) and (ii), the Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. | |
3. | Issue any senior security, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
4. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate, real estate mortgages, commodities or commodity contracts, but this restriction shall not prevent the Fund from trading in futures contracts and options on futures contracts (including options on currencies to the extent consistent with the Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that the Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
1. | Concentrate its investments (i.e., invest 25% or more of its total assets in the securities of a particular industry or group of industries), except that each Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) each Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities, and (ii) each Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), each Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue any senior security, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
4. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate unless acquired as a result of ownership of securities or other instruments (but this restriction shall not prevent each Fund from investing in securities of companies engaged in the real estate business or securities or other instruments backed by real estate or mortgages), or commodities or commodity contracts (but this restriction shall not prevent each Fund from trading in futures contracts and options on futures contracts, including options on currencies to the extent consistent with each Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that each Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
1. | Concentrate its investments (i.e., invest 25% or more of its total assets in the securities of a particular industry or group of industries), except that the Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) the Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities; and (ii) the Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse |
repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), the Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. | |
3. | Issue “senior securities” as defined in the 1940 Act and the rules, regulations and orders thereunder, except as permitted under the 1940 Act and the rules, regulation and orders thereunder. |
4. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate unless acquired as a result of ownership of securities or other instruments (but this restriction shall not prevent the Fund from investing in securities of companies engaged in the real estate business or securities or other instruments backed by real estate or mortgages), or commodities or commodity contracts (but this restriction shall not prevent the Fund from trading in futures contracts and options on futures contracts, including options on currencies to the extent consistent with the Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that the Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Robert S. Kapito1 (64) |
Trustee (since 2009). |
President, BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002). | Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Salim Ramji2 (50) |
Trustee (since 2019). | Senior Managing Director, BlackRock, Inc. (since 2014); Global Head of BlackRock’s ETF and Index Investments Business (since 2019); Head of BlackRock’s U.S. Wealth Advisory Business (2015-2019); Global Head of Corporate Strategy, BlackRock, Inc. (2014-2015); Senior Partner, McKinsey & Company (2010-2014). | Director of iShares, Inc. (since 2019); Trustee of iShares U.S. ETF Trust (since 2019). |
1 | Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
2 | Salim Ramji is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Cecilia H. Herbert (71) |
Trustee (since 2005); Independent Board Chair (since 2016). |
Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York's public media company (since 2011) and Member of the Audit Committee (since 2018) and Investment Committee (since 2011); Chair (1994-2005) and Member (since 1992) of the Investment Committee, Archdiocese of San Francisco; Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018); Director (1998-2013) and President (2007-2011) of the Board of Directors, Catholic Charities CYO; Trustee (2002-2011) and Chair of the Finance and Investment Committee (2006-2010) of the Thacher School; Director of the Senior Center of Jackson Hole (since 2020). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares, Inc. and iShares U.S. ETF Trust (since 2016); Trustee of Thrivent Church Loan and Income Fund (since 2019). | |||
Jane D. Carlin (65) |
Trustee (since 2015); Risk Committee Chair (since 2016). |
Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012). | Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016). | |||
Richard L. Fagnani (66) |
Trustee (since 2017); Audit Committee Chair (since 2019). |
Partner, KPMG LLP (2002-2016). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). | |||
John E. Kerrigan (65) |
Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2019). |
Chief Investment Officer, Santa Clara University (since 2002). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Drew E. Lawton (61) |
Trustee (since 2017); 15(c) Committee Chair (since 2017). |
Senior Managing Director of New York Life Insurance Company (2010-2015). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). | |||
John E. Martinez (59) |
Trustee (since 2003); Securities Lending Committee Chair (since 2019). |
Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016). | Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Madhav V. Rajan (56) |
Trustee (since 2011); Fixed Income Plus Committee Chair (since 2019). |
Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016). | Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years | ||
Armando Senra (49) |
President (since 2019). | Managing Director, BlackRock, Inc. (since 2007); Head of U.S., Canada and Latam iShares, BlackRock, Inc. (since 2019); Head of Latin America Region, BlackRock, Inc. (2006-2019); Managing Director, Bank of America Merrill Lynch (1994-2006). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years | ||
Trent Walker (46) |
Treasurer and Chief Financial Officer (since 2020). |
Managing Director of BlackRock, Inc. (since September 2019); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds. | ||
Charles Park (53) |
Chief Compliance Officer (since 2006). | Chief Compliance Officer of BlackRock Advisors, LLC and the BlackRock-advised Funds in the Equity-Bond Complex, the Equity-Liquidity Complex and the Closed-End Complex (since 2014); Chief Compliance Officer of BFA (since 2006). | ||
Deepa Damre Smith (45) |
Secretary (since 2019). | Managing Director, BlackRock, Inc. (since 2014); Director, BlackRock, Inc. (2009-2013). | ||
Scott Radell (52) |
Executive Vice President (since 2012). |
Managing Director, BlackRock, Inc. (since 2009); Head of Portfolio Solutions, BlackRock, Inc. (since 2009). | ||
Alan Mason (60) |
Executive Vice President (since 2016). |
Managing Director, BlackRock, Inc. (since 2009). | ||
Marybeth Leithead (58) |
Executive Vice President (since 2019). |
Managing Director, BlackRock, Inc. (since 2017); Chief Operating Officer of Americas iShares (since 2017); Portfolio Manager, Municipal Institutional & Wealth Management (2009-2016). |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
Robert S. Kapito | None | None | None | |||
Salim Ramji | iShares Broad USD Investment Grade Corporate Bond ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Commodity Curve Carry Strategy ETF | $50,001-$100,000 | |||||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | $1-$10,000 | |||||
iShares Core S&P 500 ETF | $1-$10,000 | |||||
iShares Core S&P Mid-Cap ETF | Over $100,000 | |||||
iShares Core S&P Small-Cap ETF | $50,001-$100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $1-$10,000 | |||||
iShares Expanded Tech Sector ETF | $1-$10,000 | |||||
iShares Expanded Tech-Software Sector ETF | $1-$10,000 | |||||
iShares GSCI Commodity Dynamic Roll Strategy ETF | $10,001-$50,000 | |||||
iShares MSCI USA ESG Select ETF | $1-$10,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $1-$10,000 | |||||
iShares TIPS Bond ETF | $10,001-$50,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
Cecilia H. Herbert | iShares California Muni Bond ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core Dividend Growth ETF | $50,001-$100,000 | |||||
iShares Core MSCI Emerging Markets ETF | $1-$10,000 | |||||
iShares Core MSCI Total International Stock ETF | $10,001-$50,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P U.S. Growth ETF | Over $100,000 | |||||
iShares Core S&P U.S. Value ETF | Over $100,000 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | $10,001-$50,000 | |||||
iShares International Select Dividend ETF | $50,001-$100,000 | |||||
iShares MSCI EAFE ETF | $1-$10,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares MSCI USA Value Factor ETF | Over $100,000 | |||||
iShares National Muni Bond ETF | $10,001-$50,000 | |||||
iShares Preferred and Income Securities ETF | $10,001-$50,000 | |||||
Jane D. Carlin | iShares Core MSCI EAFE ETF | Over $100,000 | Over $100,000 | |||
iShares Core MSCI Emerging Markets ETF | $10,001-$50,000 | |||||
iShares Core S&P Mid-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Small-Cap ETF | Over $100,000 | |||||
iShares Core U.S. Aggregate Bond ETF | $50,001-$100,000 | |||||
iShares Global Tech ETF | $50,001-$100,000 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | Over $100,000 | |||||
iShares MSCI ACWI ETF | Over $100,000 | |||||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares MSCI EAFE Small-Cap ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets Small-Cap ETF | $10,001-$50,000 | |||||
iShares MSCI USA Min Vol Factor ETF | $50,001-$100,000 | |||||
iShares Select Dividend ETF | $10,001-$50,000 | |||||
Richard L. Fagnani | iShares Core Dividend Growth ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core MSCI EAFE ETF | $10,001-$50,000 | |||||
iShares Exponential Technologies ETF | $10,001-$50,000 | |||||
iShares Global Clean Energy ETF | $10,001-$50,000 | |||||
iShares MBS ETF | $10,001-$50,000 | |||||
iShares MSCI All Country Asia ex Japan ETF | $10,001-$50,000 | |||||
iShares MSCI EAFE Value ETF | $10,001-$50,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares MSCI Emerging Markets Multifactor ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets Small-Cap ETF | $10,001-$50,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares MSCI Singapore ETF | $10,001-$50,000 | |||||
iShares MSCI USA Equal Weighted ETF | $10,001-$50,000 | |||||
iShares MSCI USA Quality Factor ETF | $10,001-$50,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $10,001-$50,000 | |||||
iShares U.S. Infrastructure ETF | $10,001-$50,000 | |||||
John E. Kerrigan | iShares Core MSCI EAFE ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P Small-Cap ETF | $10,001-$50,000 | |||||
iShares ESG Advanced MSCI EAFE ETF | $1-$10,000 | |||||
iShares ESG Advanced MSCI USA ETF | $1-$10,000 | |||||
iShares ESG Aware MSCI EAFE ETF | $10,001-$50,000 | |||||
iShares ESG Aware MSCI EM ETF | Over $100,000 | |||||
iShares ESG Aware MSCI USA ETF | Over $100,000 | |||||
iShares ESG Aware MSCI USA Small-Cap ETF | $1-$10,000 | |||||
iShares Global Clean Energy ETF | Over $100,000 | |||||
iShares Global Infrastructure ETF | Over $100,000 | |||||
iShares Global Tech ETF | $50,001-$100,000 | |||||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares MSCI EAFE Growth ETF | Over $100,000 | |||||
iShares MSCI KLD 400 Social ETF | $10,001-$50,000 | |||||
iShares MSCI USA ESG Select ETF | $1-$10,000 | |||||
iShares MSCI USA Min Vol Factor ETF | $10,001-$50,000 | |||||
iShares MSCI USA Quality Factor ETF | $10,001-$50,000 | |||||
iShares MSCI USA Value Factor ETF | $50,001-$100,000 | |||||
iShares U.S. Medical Devices ETF | $10,001-$50,000 | |||||
Drew E. Lawton | BlackRock Short Maturity Bond ETF | Over $100,000 | Over $100,000 | |||
BlackRock Ultra Short-Term Bond ETF | Over $100,000 | |||||
iShares 0-5 Year High Yield Corporate Bond ETF | $50,001-$100,000 | |||||
iShares Core Dividend Growth ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | Over $100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | Over $100,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Expanded Tech Sector ETF | Over $100,000 | |||||
iShares Exponential Technologies ETF | Over $100,000 | |||||
iShares Nasdaq Biotechnology ETF | $50,001-$100,000 | |||||
John E. Martinez | iShares 1-5 Year Investment Grade Corporate Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Core 5-10 Year USD Bond ETF | Over $100,000 | |||||
iShares Core International Aggregate Bond ETF | Over $100,000 | |||||
iShares Core MSCI International Developed Markets ETF | $10,001-$50,000 | |||||
iShares Global Consumer Staples ETF | Over $100,000 | |||||
iShares Russell 1000 ETF | Over $100,000 | |||||
iShares Russell 1000 Value ETF | Over $100,000 | |||||
iShares Russell 2000 ETF | Over $100,000 | |||||
Madhav V. Rajan | BlackRock Short Maturity Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Broad USD High Yield Corporate Bond ETF | Over $100,000 | |||||
iShares Mortgage Real Estate ETF | Over $100,000 | |||||
iShares Preferred and Income Securities ETF | Over $100,000 |
Name | iShares 0-5 Year High Yield Corporate Bond ETF |
iShares 0-5 Year Investment Grade Corporate Bond ETF |
iShares 0-5 Year TIPS Bond ETF |
iShares 1-3 Year International Treasury Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $1,675 | $902 | $1,277 | $26 | ||||
Richard L. Fagnani | 1,745 | 940 | 1,330 | 27 | ||||
Cecilia H. Herbert | 1,902 | 1,024 | 1,449 | 29 | ||||
John E. Kerrigan | 1,778 | 957 | 1,355 | 27 | ||||
Drew E. Lawton | 1,684 | 907 | 1,283 | 26 | ||||
John E. Martinez | 1,675 | 902 | 1,277 | 26 | ||||
Madhav V. Rajan | 1,675 | 902 | 1,277 | 26 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Aaa - A Rated Corporate Bond ETF |
iShares BB Rated Corporate Bond ETF1 |
iShares Broad USD High Yield Corporate Bond ETF |
iShares CMBS ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $668 | $32 | $2,660 | $220 | ||||
Richard L. Fagnani | 696 | 34 | 2,772 | 229 | ||||
Cecilia H. Herbert | 758 | 37 | 3,020 | 249 | ||||
John E. Kerrigan | 709 | 34 | 2,824 | 233 | ||||
Drew E. Lawton | 671 | 33 | 2,674 | 221 | ||||
John E. Martinez | 668 | 32 | 2,660 | 220 | ||||
Madhav V. Rajan | 668 | 32 | 2,660 | 220 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Convertible Bond ETF |
iShares Core 1-5 Year USD Bond ETF |
iShares Core International Aggregate Bond ETF |
iShares ESG Advanced High Yield Corporate Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $382 | $2,113 | $1,182 | $28 | ||||
Richard L. Fagnani | 398 | 2,202 | 1,232 | 29 | ||||
Cecilia H. Herbert | 434 | 2,399 | 1,343 | 31 | ||||
John E. Kerrigan | 405 | 2,243 | 1,255 | 29 | ||||
Drew E. Lawton | 384 | 2,124 | 1,189 | 28 | ||||
John E. Martinez | 382 | 2,113 | 1,182 | 28 | ||||
Madhav V. Rajan | 382 | 2,113 | 1,182 | 28 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Fallen Angels USD Bond ETF |
iShares Floating Rate Bond ETF |
iShares Global Green Bond ETF |
iShares GNMA Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $145 | $2,348 | $60 | $217 | ||||
Richard L. Fagnani | 151 | 2,447 | 63 | 226 | ||||
Cecilia H. Herbert | 164 | 2,666 | 68 | 246 | ||||
John E. Kerrigan | 154 | 2,493 | 64 | 230 | ||||
Drew E. Lawton | 146 | 2,360 | 60 | 218 | ||||
John E. Martinez | 145 | 2,348 | 60 | 217 | ||||
Madhav V. Rajan | 145 | 2,348 | 60 | 217 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares International Treasury Bond ETF |
iShares J.P. Morgan USD Emerging Markets Bond ETF |
iShares TIPS Bond ETF |
iShares Treasury Floating Rate Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $459 | $7,444 | $9,716 | $183 | ||||
Richard L. Fagnani | 479 | 7,758 | 10,126 | 191 | ||||
Cecilia H. Herbert | 521 | 8,451 | 11,031 | 208 | ||||
John E. Kerrigan | 488 | 7,902 | 10,314 | 194 | ||||
Drew E. Lawton | 462 | 7,483 | 9,767 | 184 | ||||
John E. Martinez | 459 | 7,444 | 9,716 | 183 | ||||
Madhav V. Rajan | 459 | 7,444 | 9,716 | 183 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares U.S. Fixed Income Balanced Risk Factor ETF |
iShares U.S. Treasury Bond ETF |
Pension or Retirement Benefits Accrued As Part of Trust Expenses2 |
Estimated Annual Benefits Upon Retirement2 |
Total Compensation From the Funds and Fund Complex3 | |||||
Independent Trustees: | ||||||||||
Jane D. Carlin | $58 | $5,529 | Not Applicable | Not Applicable | $420,000 | |||||
Richard L. Fagnani | 60 | 5,762 | Not Applicable | Not Applicable | 446,764 | |||||
Cecilia H. Herbert | 66 | 6,277 | Not Applicable | Not Applicable | 475,000 | |||||
John E. Kerrigan | 61 | 5,869 | Not Applicable | Not Applicable | 445,000 | |||||
Drew E. Lawton | 58 | 5,558 | Not Applicable | Not Applicable | 431,764 | |||||
John E. Martinez | 58 | 5,529 | Not Applicable | Not Applicable | 420,000 | |||||
Madhav V. Rajan | 58 | 5,529 | Not Applicable | Not Applicable | 420,000 | |||||
Interested Trustees: | ||||||||||
Robert S. Kapito | $0 | $0 | Not Applicable | Not Applicable | $0 |
Name | iShares U.S. Fixed Income Balanced Risk Factor ETF |
iShares U.S. Treasury Bond ETF |
Pension or Retirement Benefits Accrued As Part of Trust Expenses2 |
Estimated Annual Benefits Upon Retirement2 |
Total Compensation From the Funds and Fund Complex3 | |||||
Salim Ramji | 0 | 0 | Not Applicable | Not Applicable | 0 |
1 | Compensation reported is from the Fund’s inception to October 31, 2020. |
2 | No Trustee or officer is entitled to any pension or retirement benefits from the Trust. |
3 | Also includes compensation for service on the Board of Trustees of iShares U.S. ETF Trust and the Board of Directors of iShares, Inc. |
Fund | Name | Percentage of Ownership | ||
iShares 0-5 Year High Yield Corporate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.68% | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
10.98% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
8.48% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
7.81% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
6.70% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
6.16% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
5.17% | |||
iShares 0-5 Year Investment Grade Corporate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
18.35% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.91% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
7.76% |
Fund | Name | Percentage of Ownership | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.52% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
5.44% | |||
iShares 0-5 Year TIPS Bond ETF | Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
16.94% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.88% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
13.92% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
8.08% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
7.48% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
7.12% | |||
iShares 1-3 Year International Treasury Bond ETF | TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
16.37% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
14.18% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
13.95% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.13% | |||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
6.47% | |||
J.P. Morgan Securities, LLC/JPMC 500 Stanton Christiana Road Newark, DE 19713 |
5.40% | |||
Fund | Name | Percentage of Ownership | ||
iShares Aaa - A Rated Corporate Bond ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
15.45% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
13.47% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
9.51% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
8.01% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
6.94% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.43% | |||
HSBC Bank USA, NA/Clearing 452 Fifth Avenue New York, NY 10018 |
5.05% | |||
iShares BB Rated Corporate Bond ETF | The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
79.10% | ||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
5.41% | |||
J.P. Morgan Securities, LLC/JPMC 500 Stanton Christiana Road Newark, DE 19713 |
5.08% | |||
iShares Broad USD High Yield Corporate Bond ETF | State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
17.32% | ||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
9.65% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
8.61% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.82% |
Fund | Name | Percentage of Ownership | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
7.55% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
6.63% | |||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
6.60% | |||
LPL Financial Corporation 9785 Towne Centre Drive San Diego, CA 92121-1968 |
6.59% | |||
Raymond, James & Associates, Inc. 880 Carillon Parkway P.O. Box 12749 St. Petersburg, FL 33733 |
5.79% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
5.43% | |||
iShares CMBS ETF | Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
12.34% | ||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
12.00% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
10.40% | |||
Reliance Trust Company, FIS TrustDesk MKE 11277 West Park Place, Suite 300 Milwaukee, WI 53224 |
9.80% | |||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
9.44% | |||
LPL Financial Corporation 9785 Towne Centre Drive San Diego, CA 92121-1968 |
9.02% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
8.23% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
5.79% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.38% | |||
Fund | Name | Percentage of Ownership | ||
iShares Convertible Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.28% | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
13.64% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
13.62% | |||
Goldman, Sachs & Co. 30 Hudson Street 16th Floor Jersey City, NJ 07302 |
7.84% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
6.51% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.14% | |||
iShares Core 1-5 Year USD Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
23.45% | ||
Raymond, James & Associates, Inc. 880 Carillon Parkway P.O. Box 12749 St. Petersburg, FL 33733 |
18.40% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.76% | |||
Edward D. Jones & Co. 12555 Manchester Road Saint Louis, MO 63131 |
7.55% | |||
RBC Capital Markets, LLC 3 World Financial Center 200 Vesey Street New York, NY 10281-8098 |
5.05% | |||
iShares Core International Aggregate Bond ETF | JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
14.96% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
12.38% | |||
U.S. Bank N.A. 1555 North Rivercenter Dr. Suite 302 Milwaukee, WI 53212 |
11.76% |
Fund | Name | Percentage of Ownership | ||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
11.52% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
10.40% | |||
BlackRock Institutional Trust Company, N.A. 400 Howard Street San Francisco, CA 94105 |
9.83% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
6.99% | |||
iShares ESG Advanced High Yield Corporate Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
21.72% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
19.10% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
15.04% | |||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
10.33% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.87% | |||
iShares Fallen Angels USD Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
27.15% | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
15.33% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
10.16% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
8.31% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
6.94% | |||
LPL Financial Corporation 9785 Towne Centre Drive San Diego, CA 92121-1968 |
5.10% | |||
Fund | Name | Percentage of Ownership | ||
iShares Floating Rate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.28% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.63% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.20% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.41% | |||
Bank of America, National Association GWIM TRUST OPERATIONS 411 N. Akard Street 5th Floor Dallas, TX 75201 |
5.28% | |||
iShares Global Green Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
22.10% | ||
Apex Clearing Corporation One Dallas Center 350 M. St. Paul Suite 1300 Dallas, TX 75201 |
8.41% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
8.27% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.37% | |||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
7.06% | |||
J.P. Morgan Securities, LLC/JPMC 500 Stanton Christiana Road Newark, DE 19713 |
5.51% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
5.49% | |||
iShares GNMA Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
23.86% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
20.21% |
Fund | Name | Percentage of Ownership | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
9.08% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
8.17% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
6.51% | |||
iShares International Treasury Bond ETF | TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
24.68% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
16.32% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
11.12% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
8.38% | |||
iShares J.P. Morgan USD Emerging Markets Bond ETF | Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
7.09% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
7.08% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
6.66% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
6.25% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
5.58% | |||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
5.37% | |||
iShares TIPS Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
10.90% |
Fund | Name | Percentage of Ownership | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.96% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
9.37% | |||
BlackRock Institutional Trust Company, N.A. 400 Howard Street San Francisco, CA 94105 |
8.61% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
6.51% | |||
J.P. Morgan Securities, LLC/JPMC 500 Stanton Christiana Road Newark, DE 19713 |
6.23% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.72% | |||
iShares Treasury Floating Rate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
22.24% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.51% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.08% | |||
Raymond, James & Associates, Inc. 880 Carillon Parkway P.O. Box 12749 St. Petersburg, FL 33733 |
6.57% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
6.31% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.69% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
5.31% | |||
iShares U.S. Fixed Income Balanced Risk Factor ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
22.03% |
Fund | Name | Percentage of Ownership | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
21.57% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
10.26% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.14% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.89% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.60% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
5.41% | |||
iShares U.S. Treasury Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
27.28% | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
11.85% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
9.71% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
9.09% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.63% |
Fund | Management Fees for Fiscal Year Ended Oct. 31, 2020 |
Fund Inception Date |
Management Fees Paid Net of Waivers for Fiscal Year Ended Oct. 31, 2020 |
Management Fees Paid Net of Waivers for Fiscal Year Ended Oct. 31, 2019 |
Management Fees Paid Net of Waivers for Fiscal Year Ended Oct. 31, 2018 | |||||
iShares 0-5 Year High Yield Corporate Bond ETF | 0.30% | 10/15/13 | $12,674,255 | $8,586,927 | $9,879,442 | |||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.06% | 10/15/13 | 1,205,059 | 1,010,028 | 565,546 | |||||
iShares 0-5 Year TIPS Bond ETF1 | 0.06% | 12/01/10 | 1,431,764 | 1,384,635 | 1,052,016 | |||||
iShares 1-3 Year International Treasury Bond ETF2 | 0.35% | 01/21/09 | 97,722 | 63,382 | 4,992 | |||||
iShares Aaa - A Rated Corporate Bond ETF | 0.15% | 02/14/12 | 1,364,157 | 458,469 | 212,050 | |||||
iShares BB Rated Corporate Bond ETF3 | 0.25% | 10/06/20 | 4,234 | N/A | N/A | |||||
iShares Broad USD High Yield Corporate Bond ETF4 | 0.22% | 10/25/17 | 6,680,494 | 1,787,852 | 459,322 | |||||
iShares CMBS ETF | 0.25% | 02/14/12 | 1,108,066 | 886,494 | 672,122 | |||||
iShares Convertible Bond ETF | 0.20% | 06/02/15 | 1,242,706 | 672,542 | 577,532 | |||||
iShares Core 1-5 Year USD Bond ETF5 | 0.06% | 10/18/12 | 2,210,965 | 1,445,209 | 996,525 | |||||
iShares Core International Aggregate Bond ETF6 | 0.09% | 11/10/15 | 2,218,613 | 1,221,433 | 652,372 | |||||
iShares ESG Advanced High Yield Corporate Bond ETF7 | 0.35% | 06/14/16 | 192,350 | 58,399 | 50,466 | |||||
iShares Fallen Angels USD Bond ETF | 0.25% | 06/14/16 | 496,670 | 217,824 | 139,169 |
Fund | Management Fees for Fiscal Year Ended Oct. 31, 2020 |
Fund Inception Date |
Management Fees Paid Net of Waivers for Fiscal Year Ended Oct. 31, 2020 |
Management Fees Paid Net of Waivers for Fiscal Year Ended Oct. 31, 2019 |
Management Fees Paid Net of Waivers for Fiscal Year Ended Oct. 31, 2018 | |||||
iShares Floating Rate Bond ETF8 | 0.20% | 06/14/11 | 15,148,880 | 20,992,540 | 17,758,331 | |||||
iShares Global Green Bond ETF9 | 0.25% | 11/13/18 | 147,331 | 51,818 | N/A | |||||
iShares GNMA Bond ETF10,11 | 0.15% | 02/14/12 | 372,927 | 167,362 | 132,405 | |||||
iShares International Treasury Bond ETF | 0.35% | 01/21/09 | 3,177,070 | 3,225,458 | 3,250,431 | |||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.39% | 12/17/07 | 58,033,230 | 60,648,321 | 49,813,146 | |||||
iShares TIPS Bond ETF | 0.19% | 12/04/03 | 40,449,923 | 40,445,166 | 46,697,755 | |||||
iShares Treasury Floating Rate Bond ETF12 | 0.15% | 02/03/14 | 704,942 | 837,656 | 178,778 | |||||
iShares U.S. Fixed Income Balanced Risk Factor ETF13 | 0.25% | 02/24/15 | 368,027 | 291,842 | 309,697 | |||||
iShares U.S. Treasury Bond ETF14 | 0.15% | 02/14/12 | 22,882,172 | 15,215,302 | 8,719,187 |
1 | Effective December 17, 2020, the management fee for the iShares 0-5 Year TIPS Bond ETF is 0.05%. Prior to December 17, 2020, the management fee for the iShares 0-5 Year TIPS Bond ETF was 0.06%. |
2 | For the iShares 1-3 Year International Treasury Bond ETF, for the fiscal years ended October 31, 2020, October 31, 2019, and October 31, 2018, BFA voluntarily waived $108,799, $188,754 and $278,214 of its management fees, respectively. The voluntary waiver was discontinued beginning on June 15, 2020. |
3 | For the iShares BB Rated Corporate Bond ETF, BFA has elected to implement a voluntary fee waiver at an annual rate of ten basis points and currently intends to keep such voluntary fee waiver for the Fund in place through October 31, 2022. Any voluntary waiver or reimbursement implemented by BFA may be eliminated by BFA at any time. For the fiscal year ended October 31, 2020, BFA voluntarily waived $2,823 of its management fees. |
4 | For the iShares Broad USD High Yield Corporate Bond ETF, effective February 28, 2020, BFA has contractually agreed to waive a portion of its management fee so that the Fund’s total annual fund operating expenses after the fee waiver will not exceed 0.15% through February 28, 2022. The contractual waiver may be terminated prior to February 28, 2022 only upon written agreement of the Trust and BFA. BFA may from time to time voluntarily waive and/or reimburse fees or expenses in order to limit total annual fund operating expenses (excluding acquired fund fees and expenses, if any). Any such voluntary waiver or reimbursement implemented by BFA may be eliminated by BFA at any time. BFA previously voluntarily agreed to waive a portion of its management fee. As of February 28, 2020, the voluntary waiver is no longer in effect. For the fiscal years ended October 31, 2020 and October 31, 2019, BFA waived $3,117,565 and $706,834 of its management fees, respectively. |
5 | For the iShares Core 1-5 Year USD Bond ETF, BFA has contractually agreed to waive its management fees in an amount equal to Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates, through February 29, 2024. The contractual waiver may be terminated prior to February 29, 2024 only upon written agreement of the Trust and BFA. For the fiscal years ended October 31, 2020, October 31, 2019 and October 31, 2018, BFA waived $99,941, $67,927 and $76,603 of its management fees, respectively. |
6 | Effective December 17, 2020, the management fee for the iShares Core International Aggregate Bond ETF is 0.08%. Prior to December 17, 2020, the management fee for the iShares Core International Aggregate Bond ETF was 0.09%. |
7 | Effective September 15, 2020, the management fee for the iShares ESG Advanced High Yield Corporate Bond ETF is 0.35%. Prior to September 15, 2020, the management fee for the iShares ESG Advanced High Yield Corporate Bond ETF was 0.50%. |
8 | Effective October 20, 2021, the management fee for the iShares Floating Rate Bond ETF is 0.15%. Prior to October 20, 2021, the management fee for the iShares Floating Rate Bond ETF was 0.20%. |
9 | For the iShares Global Green Bond ETF, BFA has contractually agreed to waive a portion of its management fee such that the Fund's total annual fund operating expenses after fee waiver will not exceed 0.20% through March 1, 2022. The contractual waiver may be terminated prior to March 1, 2022 only upon written agreement of the Trust and BFA. For the fiscal years ended October 31, 2020 and October 31, 2019, BFA waived $36,833 and $12,954 of its management fees, respectively. |
10 | For the iShares GNMA Bond ETF, BFA has contractually agreed to waive a portion of its management fees in an amount equal to Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other registered investment companies through February 29, 2024. The contractual waiver may be terminated prior to February 29, 2024 only upon written agreement of the Trust and BFA. For the fiscal years ended October 31, 2020, October 31, 2019 and October 31, 2018, BFA waived $87,285, $28,318 and $39,590 of its management fees, respectively. |
11 | Effective October 20, 2021, the management fee for the iShares GNMA Bond ETF is 0.10%. Prior to October 20, 2021, the management fee for the iShares GNMA Bond ETF was 0.15%. |
12 | For the iShares Treasury Floating Rate Bond ETF, for the fiscal years ended October 31, 2020, October 31, 2019 and October 31, 2018, BFA voluntarily waived $0, $0 and $0 of its management fees, respectively. The voluntary waiver was discontinued beginning on June 15, 2020. |
13 | For the iShares U.S. Fixed Income Balanced Risk Factor ETF, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates, through February 29, 2024. The contractual waiver may be terminated prior to February 29, 2024 only upon written agreement of the Trust and BFA. For the fiscal years ended October 31, 2020, October 31, 2019 and October 31, 2018, BFA contractually waived $12,533, $3,879 and $11,412 of its management fees, respectively. |
14 | Effective April 1, 2021, the management fee for the iShares U.S. Treasury Bond ETF is 0.05%. Prior to April 1, 2021, the management fee for the iShares U.S. Treasury Bond ETF was 0.15%. |
James Mauro | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 77 | $376,708,000,000 | ||
Other Pooled Investment Vehicles | 30 | 122,075,000,000 | ||
Other Accounts | 25 | 18,490,000,000 |
Scott Radell* | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 109 | $472,797,000,000 | ||
Other Pooled Investment Vehicles | 26 | 30,630,000,000 | ||
Other Accounts | 9 | 4,826,000,000 |
* | Portfolio Manager for iShares U.S. Fixed Income Balanced Risk Factor ETF only |
Sid Swaminathan* | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 2 | $224,000,000 | ||
Other Pooled Investment Vehicles | 8 | 7,459,000,000 | ||
Other Accounts | 7 | 4,349,000,000 |
* | Portfolio Manager for iShares 1-3 Year International Treasury Bond ETF, iShares Core International Aggregate Bond ETF, iShares Global Green Bond ETF and iShares International Treasury Bond ETF only |
Karen Uyehara* | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 32 | $167,214,000,000 | ||
Other Pooled Investment Vehicles | 36 | 96,823,000,000 | ||
Other Accounts | 36 | 70,094,000,000 |
* | Portfolio Manager for all Funds except iShares 1-3 Year International Treasury Bond ETF, iShares Core International Aggregate Bond ETF, iShares Global Green Bond ETF, iShares International Treasury Bond ETF and iShares U.S. Fixed Income Balanced Risk Factor ETF |
James Mauro | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Scott Radell* | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 1 | $205,000,000 |
* | Portfolio Manager for iShares U.S. Fixed Income Balanced Risk Factor ETF only |
Sid Swaminathan* | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 1 | $43,000,000 |
* | Portfolio Manager for iShares 1-3 Year International Treasury Bond ETF, iShares Core International Aggregate Bond ETF, iShares Global Green Bond ETF and iShares International Treasury Bond ETF only |
Karen Uyehara* | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
* | Portfolio Manager for all Funds except iShares 1-3 Year International Treasury Bond ETF, iShares Core International Aggregate Bond ETF, iShares Global Green Bond ETF, iShares International Treasury Bond ETF and iShares U.S. Fixed Income Balanced Risk Factor ETF |
James Mauro | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year TIPS Bond ETF | X | ||||||||||||||
iShares 1-3 Year International Treasury Bond ETF | X | ||||||||||||||
iShares Aaa - A Rated Corporate Bond ETF | X | ||||||||||||||
iShares BB Rated Corporate Bond ETF | X | ||||||||||||||
iShares Broad USD High Yield Corporate Bond ETF | X | ||||||||||||||
iShares CMBS ETF | X | ||||||||||||||
iShares Convertible Bond ETF | X | ||||||||||||||
iShares Core 1-5 Year USD Bond ETF | X | ||||||||||||||
iShares Core International Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Advanced High Yield Corporate Bond ETF | X | ||||||||||||||
iShares Fallen Angels USD Bond ETF | X | ||||||||||||||
iShares Floating Rate Bond ETF | X | ||||||||||||||
iShares Global Green Bond ETF | X | ||||||||||||||
iShares GNMA Bond ETF | X | ||||||||||||||
iShares International Treasury Bond ETF | X | ||||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | X | ||||||||||||||
iShares TIPS Bond ETF | X | ||||||||||||||
iShares Treasury Floating Rate Bond ETF | X | ||||||||||||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | X | ||||||||||||||
iShares U.S. Treasury Bond ETF | X |
Scott Radell | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year TIPS Bond ETF | X | ||||||||||||||
iShares 1-3 Year International Treasury Bond ETF | X | ||||||||||||||
iShares Aaa - A Rated Corporate Bond ETF | X | ||||||||||||||
iShares BB Rated Corporate Bond ETF | X | ||||||||||||||
iShares Broad USD High Yield Corporate Bond ETF | X | ||||||||||||||
iShares CMBS ETF | X | ||||||||||||||
iShares Convertible Bond ETF | X | ||||||||||||||
iShares Core 1-5 Year USD Bond ETF | X | ||||||||||||||
iShares Core International Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Advanced High Yield Corporate Bond ETF | X | ||||||||||||||
iShares Fallen Angels USD Bond ETF | X | ||||||||||||||
iShares Floating Rate Bond ETF | X | ||||||||||||||
iShares Global Green Bond ETF | X | ||||||||||||||
iShares GNMA Bond ETF | X | ||||||||||||||
iShares International Treasury Bond ETF | X | ||||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | X | ||||||||||||||
iShares TIPS Bond ETF | X | ||||||||||||||
iShares Treasury Floating Rate Bond ETF | X | ||||||||||||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | X | ||||||||||||||
iShares U.S. Treasury Bond ETF | X |
Sid Swaminathan | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year TIPS Bond ETF | X | ||||||||||||||
iShares 1-3 Year International Treasury Bond ETF | X | ||||||||||||||
iShares Aaa - A Rated Corporate Bond ETF | X | ||||||||||||||
iShares BB Rated Corporate Bond ETF | X | ||||||||||||||
iShares Broad USD High Yield Corporate Bond ETF | X | ||||||||||||||
iShares CMBS ETF | X | ||||||||||||||
iShares Convertible Bond ETF | X | ||||||||||||||
iShares Core 1-5 Year USD Bond ETF | X | ||||||||||||||
iShares Core International Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Advanced High Yield Corporate Bond ETF | X | ||||||||||||||
iShares Fallen Angels USD Bond ETF | X |
Sid Swaminathan | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares Floating Rate Bond ETF | X | ||||||||||||||
iShares Global Green Bond ETF | X | ||||||||||||||
iShares GNMA Bond ETF | X | ||||||||||||||
iShares International Treasury Bond ETF | X | ||||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | X | ||||||||||||||
iShares TIPS Bond ETF | X | ||||||||||||||
iShares Treasury Floating Rate Bond ETF | X | ||||||||||||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | X | ||||||||||||||
iShares U.S. Treasury Bond ETF | X |
Karen Uyehara (As of January 29, 2021) | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 0-5 Year TIPS Bond ETF | X | ||||||||||||||
iShares 1-3 Year International Treasury Bond ETF | X | ||||||||||||||
iShares Aaa - A Rated Corporate Bond ETF | X | ||||||||||||||
iShares BB Rated Corporate Bond ETF | X | ||||||||||||||
iShares Broad USD High Yield Corporate Bond ETF | X | ||||||||||||||
iShares CMBS ETF | X | ||||||||||||||
iShares Convertible Bond ETF | X | ||||||||||||||
iShares Core 1-5 Year USD Bond ETF | X | ||||||||||||||
iShares Core International Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Advanced High Yield Corporate Bond ETF | X | ||||||||||||||
iShares Fallen Angels USD Bond ETF | X | ||||||||||||||
iShares Floating Rate Bond ETF | X | ||||||||||||||
iShares Global Green Bond ETF | X | ||||||||||||||
iShares GNMA Bond ETF | X | ||||||||||||||
iShares International Treasury Bond ETF | X | ||||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | X | ||||||||||||||
iShares TIPS Bond ETF | X | ||||||||||||||
iShares Treasury Floating Rate Bond ETF | X | ||||||||||||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | X | ||||||||||||||
iShares U.S. Treasury Bond ETF | X |
Fund | Fund Inception Date |
Custody, Administration & Transfer Agency Expenses Paid During Fiscal Year Ended Oct. 31, 2020 |
Custody, Administration & Transfer Agency Expenses Paid During Fiscal Year Ended Oct. 31, 2019 |
Custody, Administration & Transfer Agency Expenses Paid During Fiscal Year Ended Oct. 31, 2018 | ||||
iShares 0-5 Year High Yield Corporate Bond ETF | 10/15/13 | $46,675 | $22,323 | $34,174 | ||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 10/15/13 | 32,395 | 24,929 | 25,380 | ||||
iShares 0-5 Year TIPS Bond ETF | 12/01/10 | 37,564 | 38,840 | 27,699 | ||||
iShares 1-3 Year International Treasury Bond ETF | 01/21/09 | 28,478 | 26,378 | 24,589 | ||||
iShares Aaa - A Rated Corporate Bond ETF | 02/14/12 | 26,916 | 21,098 | 19,541 | ||||
iShares BB Rated Corporate Bond ETF | 10/06/20 | 3,004 | N/A | N/A | ||||
iShares Broad USD High Yield Corporate Bond ETF | 10/25/17 | 63,850 | 25,253 | 16,471 | ||||
iShares CMBS ETF | 02/14/12 | 21,861 | 20,537 | 17,966 | ||||
iShares Convertible Bond ETF | 06/02/15 | 23,133 | 21,304 | 15,670 | ||||
iShares Core 1-5 Year USD Bond ETF | 10/18/12 | 144,683 | 115,158 | 110,721 | ||||
iShares Core International Aggregate Bond ETF | 11/10/15 | 318,362 | 166,465 | 111,955 |
Fund | Fund Inception Date |
Custody, Administration & Transfer Agency Expenses Paid During Fiscal Year Ended Oct. 31, 2020 |
Custody, Administration & Transfer Agency Expenses Paid During Fiscal Year Ended Oct. 31, 2019 |
Custody, Administration & Transfer Agency Expenses Paid During Fiscal Year Ended Oct. 31, 2018 | ||||
iShares ESG Advanced High Yield Corporate Bond ETF | 06/14/16 | 21,534 | 18,037 | 14,311 | ||||
iShares Fallen Angels USD Bond ETF | 06/14/16 | 20,952 | 18,236 | 15,503 | ||||
iShares Floating Rate Bond ETF | 06/14/11 | 86,715 | 104,638 | 109,655 | ||||
iShares Global Green Bond ETF | 11/13/18 | 33,564 | 25,504 | N/A | ||||
iShares GNMA Bond ETF | 02/14/12 | 74,134 | 72,609 | 69,936 | ||||
iShares International Treasury Bond ETF | 01/21/09 | 115,449 | 90,060 | 104,267 | ||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 12/17/07 | 1,615,504 | 1,619,309 | 1,345,282 | ||||
iShares TIPS Bond ETF | 12/04/03 | 290,169 | 289,813 | 334,181 | ||||
iShares Treasury Floating Rate Bond ETF | 02/03/14 | 21,176 | 20,315 | 13,541 | ||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | 02/24/15 | 75,330 | 74,107 | 72,150 | ||||
iShares U.S. Treasury Bond ETF | 02/14/12 | 209,502 | 142,976 | 81,928 |
Fund | iShares 0-5 Year High Yield Corporate Bond ETF |
iShares 0-5 Year Investment Grade Corporate Bond ETF |
iShares 0-5 Year TIPS Bond ETF |
iShares 1-3 Year International Treasury Bond ETF |
Gross income from securities lending activities |
$6,559,016 | $824,809 | $64,062 | N/A |
Fees and/or compensation for securities lending activities and related services |
Fund | iShares 0-5 Year High Yield Corporate Bond ETF |
iShares 0-5 Year Investment Grade Corporate Bond ETF |
iShares 0-5 Year TIPS Bond ETF |
iShares 1-3 Year International Treasury Bond ETF |
Securities lending income paid to BTC for services as securities lending agent |
802,125 | 72,429 | 748 | N/A |
Cash collateral management expenses not included in securities lending income paid to BTC |
155,840 | 26,310 | 1,622 | N/A |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Rebates (paid to borrowers) |
1,946,927 | 396,048 | 54,895 | N/A |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Aggregate fees/compensation for securities lending activities |
$2,904,892 | $494,787 | $57,265 | N/A |
Net income from securities lending activities |
$3,654,124 | $330,022 | $ 6,797 | N/A |
Fund | iShares Aaa - A Rated Corporate Bond ETF |
iShares BB Rated Corporate Bond ETF |
iShares Broad USD High Yield Corporate Bond ETF |
iShares CMBS ETF |
Gross income from securities lending activities |
$375,738 | N/A | $7,396,019 | N/A |
Fund | iShares Aaa - A Rated Corporate Bond ETF |
iShares BB Rated Corporate Bond ETF |
iShares Broad USD High Yield Corporate Bond ETF |
iShares CMBS ETF |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
40,588 | N/A | 830,792 | N/A |
Cash collateral management expenses not included in securities lending income paid to BTC |
15,017 | N/A | 226,446 | N/A |
Administrative fees not included in securities lending income paid to BTC |
0 | N/A | 0 | N/A |
Indemnification fees not included in securities lending income paid to BTC |
0 | N/A | 0 | N/A |
Rebates (paid to borrowers) |
135,213 | N/A | 2,554,061 | N/A |
Other fees not included in securities lending income paid to BTC |
0 | N/A | 0 | N/A |
Aggregate fees/compensation for securities lending activities |
$190,818 | N/A | $3,611,299 | N/A |
Net income from securities lending activities |
$184,920 | N/A | $3,784,720 | N/A |
Fund | iShares Convertible Bond ETF |
iShares Core 1-5 Year USD Bond ETF |
iShares Core International Aggregate Bond ETF |
iShares ESG Advanced High Yield Corporate Bond ETF |
Gross income from securities lending activities |
$ 379 | $343,837 | N/A | 27,978 |
Fund | iShares Convertible Bond ETF |
iShares Core 1-5 Year USD Bond ETF |
iShares Core International Aggregate Bond ETF |
iShares ESG Advanced High Yield Corporate Bond ETF |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
59 | 42,753 | N/A | 3,145 |
Cash collateral management expenses not included in securities lending income paid to BTC |
10 | 9,761 | N/A | 1,008 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | N/A | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | N/A | 0 |
Rebates (paid to borrowers) |
42 | 96,393 | N/A | 9,495 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | N/A | 0 |
Aggregate fees/compensation for securities lending activities |
$ 111 | $148,907 | N/A | $13,648 |
Net income from securities lending activities |
$ 268 | $194,930 | N/A | $14,330 |
Fund | iShares Fallen Angels USD Bond ETF |
iShares Floating Rate Bond ETF |
iShares Global Green Bond ETF |
iShares GNMA Bond ETF |
Gross income from securities lending activities |
$427,021 | $2,234,983 | $ 14,961 | N/A |
Fund | iShares Fallen Angels USD Bond ETF |
iShares Floating Rate Bond ETF |
iShares Global Green Bond ETF |
iShares GNMA Bond ETF |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
47,805 | 191,478 | 1,638 | N/A |
Cash collateral management expenses not included in securities lending income paid to BTC |
11,452 | 70,624 | 533 | N/A |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Rebates (paid to borrowers) |
149,986 | 1,100,412 | 5,322 | N/A |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | N/A |
Aggregate fees/compensation for securities lending activities |
$209,243 | $1,362,514 | $ 7,493 | N/A |
Net income from securities lending activities |
$217,778 | $ 872,469 | $ 7,468 | N/A |
Fund | iShares International Treasury Bond ETF |
iShares J.P. Morgan USD Emerging Markets Bond ETF |
iShares TIPS Bond ETF |
iShares Treasury Floating Rate Bond ETF |
Gross income from securities lending activities |
N/A | N/A | $335,905 | $35,367 |
Fund | iShares International Treasury Bond ETF |
iShares J.P. Morgan USD Emerging Markets Bond ETF |
iShares TIPS Bond ETF |
iShares Treasury Floating Rate Bond ETF |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
N/A | N/A | 40,232 | 2,128 |
Cash collateral management expenses not included in securities lending income paid to BTC |
N/A | N/A | 11,152 | 5,375 |
Administrative fees not included in securities lending income paid to BTC |
N/A | N/A | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
N/A | N/A | 0 | 0 |
Rebates (paid to borrowers) |
N/A | N/A | 96,659 | 9,180 |
Other fees not included in securities lending income paid to BTC |
N/A | N/A | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
N/A | N/A | $148,043 | $16,683 |
Net income from securities lending activities |
N/A | N/A | $187,862 | $18,684 |
Fund | iShares U.S. Fixed Income Balanced Risk Factor ETF |
iShares U.S. Treasury Bond ETF |
Gross income from securities lending activities |
$64,840 | $ 95,518 |
Fund | iShares U.S. Fixed Income Balanced Risk Factor ETF |
iShares U.S. Treasury Bond ETF |
Fees and/or compensation for securities lending activities and related services |
||
Securities lending income paid to BTC for services as securities lending agent |
5,086 | 14,770 |
Cash collateral management expenses not included in securities lending income paid to BTC |
1,833 | 8,389 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 |
Rebates (paid to borrowers) |
34,749 | 3,317 |
Other fees not included in securities lending income paid to BTC |
0 | 0 |
Aggregate fees/compensation for securities lending activities |
$41,668 | $ 26,476 |
Net income from securities lending activities |
$23,172 | $ 69,042 |
Fund | Fund Inception Date |
Brokerage Commissions Paid During Fiscal Year Ended Oct. 31, 2020 |
Brokerage Commissions Paid During Fiscal Year Ended Oct. 31, 2019 |
Brokerage Commissions Paid During Fiscal Year Ended Oct. 31, 2018 | ||||
iShares 0-5 Year High Yield Corporate Bond ETF | 10/15/13 | $0 | $0 | $0 | ||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 10/15/13 | 0 | 0 | 0 | ||||
iShares 0-5 Year TIPS Bond ETF | 12/01/10 | 0 | 0 | 0 | ||||
iShares 1-3 Year International Treasury Bond ETF | 01/21/09 | 440 | 318 | 0 | ||||
iShares Aaa - A Rated Corporate Bond ETF | 02/14/12 | 0 | 0 | 0 | ||||
iShares BB Rated Corporate Bond ETF | 10/06/20 | 0 | ||||||
iShares Broad USD High Yield Corporate Bond ETF | 10/25/17 | 127 | 0 | 0 | ||||
iShares CMBS ETF | 02/14/12 | 0 | 0 | 0 | ||||
iShares Convertible Bond ETF | 06/02/15 | 1,516 | 1,364 | 1,679 | ||||
iShares Core 1-5 Year USD Bond ETF | 10/18/12 | 3 | 0 | 1 | ||||
iShares Core International Aggregate Bond ETF | 11/10/15 | 0 | 0 | 0 | ||||
iShares ESG Advanced High Yield Corporate Bond ETF | 06/14/16 | 0 | 0 | 0 | ||||
iShares Fallen Angels USD Bond ETF | 06/14/16 | 0 | 0 | 71 | ||||
iShares Floating Rate Bond ETF | 06/14/11 | 0 | 0 | 0 | ||||
iShares Global Green Bond ETF | 11/13/18 | 97 | 0 | N/A | ||||
iShares GNMA Bond ETF | 02/14/12 | 0 | 0 | 0 | ||||
iShares International Treasury Bond ETF | 01/21/09 | 11,056 | 7,137 | 0 | ||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 12/17/07 | 0 | 0 | 0 | ||||
iShares TIPS Bond ETF | 12/04/03 | 0 | 0 | 0 | ||||
iShares Treasury Floating Rate Bond ETF | 02/03/14 | 0 | 0 | 0 | ||||
iShares U.S. Fixed Income Balanced Risk Factor ETF | 02/24/15 | 3,942 | 1,575 | 1,736 | ||||
iShares U.S. Treasury Bond ETF | 02/14/12 | 319 | 0 | 0 |
Fund | Issuer | Market Value of Investment | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | Bank of America Corp. | $58,836,371 | ||
JPMorgan Chase & Co. | 55,576,891 | |||
Goldman Sachs Group Inc. (The) | 53,446,792 | |||
Morgan Stanley | 39,905,176 | |||
Citigroup, Inc. | 39,897,756 | |||
Wells Fargo & Co. | 37,813,258 | |||
Barclays PLC | 17,849,430 | |||
Bank of New York Mellon Corp. (The) | 16,252,510 | |||
iShares Aaa - A Rated Corporate Bond ETF | Bank of America Corp. | $46,967,145 | ||
Wells Fargo & Co. | 43,308,975 | |||
JPMorgan Chase & Co. | 42,211,582 | |||
Morgan Stanley | 37,373,166 | |||
Citigroup, Inc. | 36,305,699 | |||
Goldman Sachs Group Inc. (The) | 35,436,131 | |||
Bank of New York Mellon Corp. (The) | 12,323,533 | |||
Royal Bank of Canada | 7,027,332 | |||
Barclays PLC | 342,857 | |||
iShares Broad USD High Yield Corporate Bond ETF | Deutsche Bank AG | $13,348,239 | ||
iShares Convertible Bond ETF | Barclays PLC | $933,570 | ||
iShares Core 1-5 Year USD Bond ETF | Bank of America Corp. | $36,066,577 | ||
JPMorgan Chase & Co. | 23,618,934 | |||
Goldman Sachs Group Inc. (The) | 20,812,883 | |||
Wells Fargo & Co. | 19,843,375 | |||
Citigroup, Inc. | 17,715,787 | |||
Morgan Stanley | 14,832,682 | |||
Credit Suisse AG | 8,533,021 | |||
Bank of New York Mellon Corp. (The) | 6,403,074 | |||
Barclays PLC | 5,930,287 | |||
National Bank of Canada | 1,452,221 | |||
iShares Core International Aggregate Bond ETF | BNP Paribas SA | $5,170,879 | ||
Goldman Sachs Group Inc. (The) | 2,924,734 | |||
HSBC Holdings PLC | 2,798,023 | |||
JPMorgan Chase & Co. | 2,682,359 | |||
Morgan Stanley | 2,666,063 | |||
Standared Chartered PLC | 1,102,069 | |||
Bank of China Ltd. | 467,181 | |||
iShares ESG Advanced High Yield Corporate Bond ETF | Morgan Stanley | $55,079 | ||
iShares Fallen Angels USD Bond ETF | Deutsche Bank AG | $4,907,159 | ||
Barclays PLC | 336,198 | |||
iShares Floating Rate Bond ETF | Goldman Sachs Group Inc. (The) | $218,816,736 |
Fund | Issuer | Market Value of Investment | ||
Morgan Stanley | 184,788,498 | |||
Citigroup, Inc. | 178,455,601 | |||
Mizuho Financial Group, Inc. | 155,450,013 | |||
JPMorgan Chase & Co. | 149,453,213 | |||
Bank of America Corp. | 135,562,230 | |||
Royal Bank of Canada | 73,677,873 | |||
Barclays PLC | 63,416,591 | |||
Bank of New York Mellon Corp. (The) | 12,406,233 | |||
iShares Global Green Bond ETF | Bank of America Corp. | $1,063,576 | ||
BNP Paribas SA | 829,940 | |||
JPMorgan Chase & Co. | 500,620 | |||
Citigroup, Inc. | 491,200 | |||
HSBC Holdings PLC | 363,304 | |||
Deutsche Bank AG | 122,150 | |||
Barclays PLC | 117,245 | |||
iShares U.S. Fixed Income Balanced Risk Factor ETF | Bank of America Corp. | $2,042,061 | ||
Citigroup, Inc. | 1,911,856 | |||
Goldman Sachs Group Inc. (The) | 1,510,348 | |||
Morgan Stanley | 1,411,115 | |||
JPMorgan Chase & Co. | 851,965 | |||
Wells Fargo & Co. | 518,320 | |||
Barclays PLC | 420,888 | |||
Nomura Holdings Inc. | 315,825 | |||
Credit Suisse AG | 253,090 |
Fund | Fiscal Year Ended Oct. 31, 2020 |
Fiscal Year Ended Oct. 31, 2019 | ||
iShares 0-5 Year High Yield Corporate Bond ETF | 45% | 31% | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 29% | 20% | ||
iShares 0-5 Year TIPS Bond ETF | 72% | 58% | ||
iShares 1-3 Year International Treasury Bond ETF | 71% | 56% | ||
iShares Aaa - A Rated Corporate Bond ETF | 16% | 16% | ||
iShares BB Rated Corporate Bond ETF | 0% | N/A | ||
iShares Broad USD High Yield Corporate Bond ETF | 21% | 19% | ||
iShares CMBS ETF | 26% | 21% | ||
iShares Convertible Bond ETF | 33% | 24% | ||
iShares Core 1-5 Year USD Bond ETF1 | 77% | 83% | ||
iShares Core International Aggregate Bond ETF | 36% | 12% | ||
iShares ESG Advanced High Yield Corporate Bond ETF | 85% | 24% | ||
iShares Fallen Angels USD Bond ETF | 51% | 23% | ||
iShares Floating Rate Bond ETF | 29% | 23% | ||
iShares Global Green Bond ETF | 16% | 21% | ||
iShares GNMA Bond ETF1 | 699% | 529% | ||
iShares International Treasury Bond ETF | 41% | 9% | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 10% | 11% | ||
iShares TIPS Bond ETF | 53% | 17% | ||
iShares Treasury Floating Rate Bond ETF | 44% | 20% | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF1 | 703% | 504% | ||
iShares U.S. Treasury Bond ETF | 91% | 22% |
1 | Portfolio turnover rates include TBA transactions, as described above. |
Fund | Shares Per Creation Unit |
Approximate Value Per Creation Unit (U.S.$) | ||
iShares 0-5 Year High Yield Corporate Bond ETF | 100,000 | $4,495,000 | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 50,000 | 2,607,500 | ||
iShares 0-5 Year TIPS Bond ETF | 50,000 | 5,183,500 | ||
iShares 1-3 Year International Treasury Bond ETF | 50,000 | 4,166,500 | ||
iShares Aaa - A Rated Corporate Bond ETF | 50,000 | 2,934,000 | ||
iShares BB Rated Corporate Bond ETF | 50,000 | 2,574,000 | ||
iShares Broad USD High Yield Corporate Bond ETF | 50,000 | 2,034,000 |
Fund | Shares Per Creation Unit |
Approximate Value Per Creation Unit (U.S.$) | ||
iShares CMBS ETF | 50,000 | 2,759,500 | ||
iShares Convertible Bond ETF | 50,000 | 4,625,000 | ||
iShares Core 1-5 Year USD Bond ETF | 100,000 | 5,155,000 | ||
iShares Core International Aggregate Bond ETF | 50,000 | 2,793,000 | ||
iShares ESG Advanced High Yield Corporate Bond ETF | 50,000 | 2,619,000 | ||
iShares Fallen Angels USD Bond ETF | 50,000 | 1,434,500 | ||
iShares Floating Rate Bond ETF | 100,000 | 5,073,000 | ||
iShares Global Green Bond ETF | 50,000 | 2,789,000 | ||
iShares GNMA Bond ETF | 50,000 | 2,547,000 | ||
iShares International Treasury Bond ETF | 50,000 | 2,715,000 | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 100,000 | 11,388,000 | ||
iShares TIPS Bond ETF | 100,000 | 12,639,000 | ||
iShares Treasury Floating Rate Bond ETF | 100,000 | 5,028,000 | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF | 50,000 | 5,109,500 | ||
iShares U.S. Treasury Bond ETF | 100,000 | 2,773,000 |
Fund | Standard Creation Transaction Fee |
Maximum Additional Charge* | ||
iShares 0-5 Year High Yield Corporate Bond ETF | $200 | 3.0% | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 100 | 3.0% | ||
iShares 0-5 Year TIPS Bond ETF | N/A | 3.0% | ||
iShares 1-3 Year International Treasury Bond ETF | 700 | 3.0% | ||
iShares Aaa - A Rated Corporate Bond ETF | 300 | 3.0% | ||
iShares BB Rated Corporate Bond ETF | 875 | 3.0% | ||
iShares Broad USD High Yield Corporate Bond ETF | 200 | 3.0% | ||
iShares CMBS ETF | 400 | 3.0% | ||
iShares Convertible Bond ETF | 475 | 3.0% | ||
iShares Core 1-5 Year USD Bond ETF | 250 | 3.0% | ||
iShares Core International Aggregate Bond ETF | 650 | 3.0% | ||
iShares ESG Advanced High Yield Corporate Bond ETF | 900 | 3.0% | ||
iShares Fallen Angels USD Bond ETF | 450 | 3.0% | ||
iShares Floating Rate Bond ETF | 200 | 3.0% | ||
iShares Global Green Bond ETF | 850 | 3.0% | ||
iShares GNMA Bond ETF | 200 | 3.0% | ||
iShares International Treasury Bond ETF | 1,200 | 3.0% | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 700 | 3.0% | ||
iShares TIPS Bond ETF | N/A | 3.0% | ||
iShares Treasury Floating Rate Bond ETF | 100 | 3.0% | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF | 500 | 3.0% | ||
iShares U.S. Treasury Bond ETF | 250 | 3.0% |
* | As a percentage of the net asset value per Creation Unit. |
Fund | Standard Redemption Transaction Fee |
Maximum Additional Charge* | ||
iShares 0-5 Year High Yield Corporate Bond ETF | $200 | 2.0% | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF | 100 | 2.0% | ||
iShares 0-5 Year TIPS Bond ETF | N/A | 2.0% | ||
iShares 1-3 Year International Treasury Bond ETF | 700 | 2.0% | ||
iShares Aaa - A Rated Corporate Bond ETF | 300 | 2.0% | ||
iShares BB Rated Corporate Bond ETF | 875 | 2.0% | ||
iShares Broad USD High Yield Corporate Bond ETF | 200 | 2.0% | ||
iShares CMBS ETF | 400 | 2.0% | ||
iShares Convertible Bond ETF | 475 | 2.0% | ||
iShares Core 1-5 Year USD Bond ETF | 250 | 2.0% | ||
iShares Core International Aggregate Bond ETF | 650 | 2.0% | ||
iShares ESG Advanced High Yield Corporate Bond ETF | 900 | 2.0% | ||
iShares Fallen Angels USD Bond ETF | 450 | 2.0% | ||
iShares Floating Rate Bond ETF | 200 | 2.0% | ||
iShares Global Green Bond ETF | 850 | 2.0% | ||
iShares GNMA Bond ETF | 200 | 2.0% | ||
iShares International Treasury Bond ETF | 1,200 | 2.0% | ||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 700 | 2.0% | ||
iShares TIPS Bond ETF | N/A | 2.0% | ||
iShares Treasury Floating Rate Bond ETF | 100 | 2.0% | ||
iShares U.S. Fixed Income Balanced Risk Factor ETF | 500 | 2.0% | ||
iShares U.S. Treasury Bond ETF | 250 | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive of the standard redemption transaction fee. |
Fund | Non-Expiring Capital Loss Carryforward | |
iShares 0-5 Year High Yield Corporate Bond ETF | $316,460,424 | |
iShares 0-5 Year TIPS Bond ETF | 5,855,465 | |
iShares 1-3 Year International Treasury Bond ETF | 8,085,801 | |
iShares Broad USD High Yield Corporate Bond ETF | 102,418,819 | |
iShares Core 1-5 Year USD Bond ETF | 1,758,779 | |
iShares Core International Aggregate Bond ETF | 414,990 | |
iShares Fallen Angels USD Bond ETF | 16,342,830 | |
iShares Floating Rate Bond ETF | 67,052,163 | |
iShares GNMA Bond ETF | 2,436,184 | |
iShares International Treasury Bond ETF | 6,161,140 | |
iShares J.P. Morgan USD Emerging Markets Bond ETF | 874,175,731 | |
iShares TIPS Bond ETF | 100,559,932 | |
iShares Treasury Floating Rate Bond ETF | 20,703 | |
iShares U.S. Fixed Income Balanced Risk Factor ETF | 2,109,584 |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure, mergers, asset sales and other special transactions |
• | Compensation and benefits |
• | Environmental and social issues |
• | General corporate governance matters and shareholder protections |
• | establishing an appropriate corporate governance structure |
• | supporting and overseeing management in setting long -term strategic goals, applicable measures of value-creation and milestones that will demonstrate progress, and steps taken if any obstacles are anticipated or incurred |
• | ensuring the integrity of financial statements |
• | making independent decisions regarding mergers, acquisitions and disposals |
• | establishing appropriate executive compensation structures |
• | addressing business issues, including environmental and social issues, when they have the potential to materially impact company reputation and performance |
• | current or former employment at the company or a subsidiary within the past several years |
• | being, or representing, a shareholder with a substantial shareholding in the company |
• | interlocking directorships |
• | having any other interest, business or other relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
1) | publish a disclosure in line with industry-specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
2) | disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |
• | BlackRock clients who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock business partners or third parties who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock employees who may sit on the boards of public companies held in Funds managed by BlackRock |
• | Significant BlackRock, Inc. investors who may be issuers of securities held in Funds managed by BlackRock |
• | Securities of BlackRock, Inc. or BlackRock investment funds held in Funds managed by BlackRock |
• | BlackRock, Inc. board members who serve as senior executives of public companies held in Funds managed by BlackRock |
• | Adopted the Guidelines which are designed to protect and enhance the economic value of the companies in which BlackRock invests on behalf of clients. |
• | Established a reporting structure that separates BIS from employees with sales, vendor management or business partnership roles. In addition, BlackRock seeks to ensure that all engagements with corporate issuers, dissident shareholders or shareholder proponents are managed consistently and without regard to BlackRock’s relationship with such parties. Clients or business partners are not given special treatment or differentiated access to BIS. BIS prioritizes engagements based on factors including but not limited to our need for additional information to make a voting decision or our view on the likelihood that an engagement could lead to positive outcome(s) over time for the economic value of the company. Within the normal course of business, BIS may engage directly with BlackRock clients, business partners and/or third parties, and/or with employees with sales, vendor management or business partnership roles, in discussions regarding our approach to stewardship, general corporate governance matters, client reporting needs, and/or to otherwise ensure that proxy-related client service levels are met. |
• | Determined to engage, in certain instances, an independent fiduciary to vote proxies as a further safeguard to avoid potential conflicts of interest, to satisfy regulatory compliance requirements, or as may be otherwise required by applicable law. In such circumstances, the independent fiduciary provides BlackRock’s proxy voting agent with instructions, in accordance with the Guidelines, as to how to vote such proxies, and BlackRock’s proxy voting agent votes the proxy in accordance with the independent fiduciary’s determination. BlackRock uses an independent fiduciary to vote proxies of (i) any company that is affiliated with BlackRock, Inc., (ii) any public company that includes BlackRock employees on its board of directors, (iii) The PNC Financial Services Group, Inc., (iv) any public company of which a BlackRock, Inc. board member serves as a senior executive, and (v) companies when legal or regulatory requirements compel BlackRock to use an independent fiduciary. In selecting an independent fiduciary, we assess several characteristics, including but not limited to: independence, an ability to analyze proxy issues and vote in the best economic interest of our clients, reputation for reliability and integrity, and operational capacity to accurately deliver the assigned votes in a timely manner. We may engage more than one independent fiduciary, in part in order to mitigate potential or perceived conflicts of interest at an independent fiduciary. The Global Committee appoints and reviews the performance of the independent fiduciar(ies), generally on an annual basis. |
Contents | |
Introduction | A-16 |
Voting guidelines | A-16 |
Boards and directors | A-16 |
- Director elections | A-16 |
- Independence | A-16 |
- Oversight | A-17 |
- Responsiveness to shareholders | A-17 |
- Shareholder rights | A-17 |
- Board composition and effectiveness | A-18 |
- Board size | A-19 |
- CEO and management succession planning | A-19 |
- Classified board of directors / staggered terms | A-19 |
- Contested director elections | A-19 |
- Cumulative voting | A-19 |
- Director compensation and equity programs | A-19 |
- Majority vote requirements | A-19 |
- Risk oversight | A-20 |
- Separation of chairman and CEO | A-20 |
Auditors and audit-related issues | A-20 |
Capital structure proposals | A-21 |
- Equal voting rights | A-21 |
- Blank check preferred stock | A-21 |
- Increase in authorized common shares | A-21 |
- Increase or issuance of preferred stock | A-21 |
- Stock splits | A-22 |
Mergers, asset sales, and other special transactions | A-22 |
- Poison pill plans | A-22 |
- Reimbursement of expenses for successful shareholder campaigns | A-22 |
Executive Compensation | A-22 |
- Advisory resolutions on executive compensation (“Say on Pay”) | A-23 |
- Advisory votes on the frequency of Say on Pay resolutions | A-23 |
- Claw back proposals | A-23 |
- Employee stock purchase plans | A-23 |
- Equity compensation plans | A-23 |
- Golden parachutes | A-23 |
- Option exchanges | A-24 |
- Pay-for-Performance plans | A-24 |
- Supplemental executive retirement plans | A-24 |
Environmental and social issues | A-24 |
- Climate risk | A-25 |
- Corporate political activities | A-26 |
General corporate governance matters | A-26 |
- Adjourn meeting to solicit additional votes | A-26 |
- Bundled proposals | A-26 |
- Exclusive forum provisions | A-26 |
- Multi-jurisdictional companies | A-26 |
- Other business | A-27 |
- Reincorporation | A-27 |
- IPO governance | A-27 |
Contents | |
Shareholder Protections | A-27 |
- Amendment to charter / articles / bylaws | A-27 |
- Proxy access | A-28 |
- Right to act by written consent | A-28 |
- Right to call a special meeting | A-28 |
- Simple majority voting | A-28 |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure |
• | Mergers, asset sales, and other special transactions |
• | Executive compensation |
• | Environmental and social issues |
• | General corporate governance matters |
• | Shareholder protections |
• | Employment as a senior executive by the company or a subsidiary within the past five years |
• | An equity ownership in the company in excess of 20% |
• | Having any other interest, business, or relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
• | Where the board has failed to exercise oversight with regard to accounting practices or audit oversight, we will consider voting against the current audit committee, and any other members of the board who may be responsible. For example, this may apply to members of the audit committee during a period when the board failed to facilitate quality, independent auditing if substantial accounting irregularities suggest insufficient oversight by that committee |
• | Members of the compensation committee during a period in which executive compensation appears excessive relative to performance and peers, and where we believe the compensation committee has not already substantially addressed this issue |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where the board is not comprised of a majority of independent directors. However, this would not apply in the case of a controlled company |
• | Where it appears the director has acted (at the company or at other companies) in a manner that compromises his / her reliability to represent the best long-term economic interests of shareholders |
• | Where a director has a pattern of poor attendance at combined board and applicable key committee meetings. Excluding exigent circumstances, BlackRock generally considers attendance at less than 75% of the combined board and applicable key committee meetings by a board member to be poor attendance |
• | Where a director serves on an excess number of boards, which may limit his / her capacity to focus on each board’s requirements. The following illustrates the maximum number of boards on which a director may serve, before he / she is considered to be over-committed: |
Public Company CEO |
# Outside Public Boards* |
Total # of Public Boards | |||
Director A | x | 1 | 2 | ||
Director B | 3 | 4 |
* | In addition to the company under review |
• | The independent chair or lead independent director, members of the nominating / governance committee, and / or the longest tenured director(s), where we observe a lack of board responsiveness to shareholders, evidence of board entrenchment, and / or failure to promote adequate board succession planning |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where board member(s) at the most recent election of directors have received withhold votes from more than 30% of shares voted and the board has not taken appropriate action to respond to shareholder concerns. This may not apply in cases where BlackRock did not support the initial withhold vote |
• | The independent chair or lead independent director and / or members of the nominating / governance committee, where a board fails to implement shareholder proposals that receive a majority of votes cast at a prior shareholder meeting, and the proposals, in our view, have a direct and substantial impact on shareholders’ fundamental rights or long-term economic interests |
• | The independent chair or lead independent director and members of the governance committee, where a board implements or renews a poison pill without shareholder approval |
• | The independent chair or lead independent director and members of the governance committee, where a board amends the charter / articles / bylaws such that the effect may be to entrench directors or to significantly reduce shareholder rights |
• | Members of the compensation committee where the company has repriced options without shareholder approval |
• | If a board maintains a classified structure, it is possible that the director(s) with whom we have a particular concern may not be subject to election in the year that the concern arises. In such situations, if we have a concern regarding a committee or committee chair that is not up for re-election, we will generally register our concern by withholding votes from all available members of the relevant committee |
• | The mix of competencies, experience, and other qualities required to effectively oversee and guide management in light of the stated long-term strategy of the company |
• | The process by which candidates are identified and selected, including whether professional firms or other sources outside of incumbent directors’ networks have been engaged to identify and / or assess candidates |
• | The process by which boards evaluate themselves and any significant outcomes of the evaluation process, without divulging inappropriate and / or sensitive details |
• | The consideration given to board diversity, including, but not limited to, gender, ethnicity, race, age, experience, geographic location, skills, and perspective in the nomination process |
Combined Chair / CEO Model |
Separate Chair Model | ||||
Chair / CEO | Lead Director | Chair | |||
Board Meetings | Authority to call full meetings of the board of directors | Attends full meetings of the board of directors Authority to call meetings of independent directors Briefs CEO on issues arising from executive sessions |
Authority to call full meetings of the board of directors | ||
Agenda | Primary responsibility for shaping board agendas, consulting with the lead director | Collaborates with chair / CEO to set board agenda and board information | Primary responsibility for shaping board agendas, in conjunction with CEO | ||
Board Communications | Communicates with all directors on key issues and concerns outside of full board meetings | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning |
• | Appears to have a legitimate financing motive for requesting blank check authority |
• | Has committed publicly that blank check preferred shares will not be used for anti-takeover purposes |
• | Has a history of using blank check preferred stock for financings |
• | Has blank check preferred stock previously outstanding such that an increase would not necessarily provide further anti-takeover protection but may provide greater financing flexibility |
• | The degree to which the proposed transaction represents a premium to the company’s trading price. We consider the share price over multiple time periods prior to the date of the merger announcement. In most cases, business combinations should provide a premium. We may consider comparable transaction analyses provided by the parties’ financial advisors and our own valuation assessments. For companies facing insolvency or bankruptcy, a premium may not apply |
• | There should be clear strategic, operational, and / or financial rationale for the combination |
• | Unanimous board approval and arm’s-length negotiations are preferred. We will consider whether the transaction involves a dissenting board or does not appear to be the result of an arm’s-length bidding process. We may also consider whether executive and / or board members’ financial interests in a given transaction appear likely to affect their ability to place shareholders’ interests before their own |
• | We prefer transaction proposals that include the fairness opinion of a reputable financial advisor assessing the value of the transaction to shareholders in comparison to recent similar transactions |
• | Whether we believe that the triggering event is in the best interest of shareholders |
• | Whether management attempted to maximize shareholder value in the triggering event |
• | The percentage of total premium or transaction value that will be transferred to the management team, rather than shareholders, as a result of the golden parachute payment |
• | Whether excessively large excise tax gross-up payments are part of the pay-out |
• | Whether the pay package that serves as the basis for calculating the golden parachute payment was reasonable in light of performance and peers |
• | Whether the golden parachute payment will have the effect of rewarding a management team that has failed to effectively manage the company |
• | The company has experienced significant stock price decline as a result of macroeconomic trends, not individual company performance |
• | Directors and executive officers are excluded; the exchange is value neutral or value creative to shareholders; tax, accounting, and other technical considerations have been fully contemplated |
• | There is clear evidence that absent repricing, the company will suffer serious employee incentive or retention and recruiting problems |
• | Publish disclosures in line with industry specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
• | Disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |
Fund | Ticker | Listing Exchange | ||
iShares 0-3 Month Treasury Bond ETF | SGOV | NYSE Arca | ||
iShares 1-3 Year Treasury Bond ETF | SHY | Nasdaq | ||
iShares 1-5 Year Investment Grade Corporate Bond ETF | IGSB | Nasdaq | ||
iShares 3-7 Year Treasury Bond ETF | IEI | Nasdaq | ||
iShares 5-10 Year Investment Grade Corporate Bond ETF | IGIB | Nasdaq | ||
iShares 7-10 Year Treasury Bond ETF | IEF | Nasdaq | ||
iShares 10+ Year Investment Grade Corporate Bond ETF | IGLB | NYSE Arca | ||
iShares 10-20 Year Treasury Bond ETF | TLH | NYSE Arca | ||
iShares 20+ Year Treasury Bond ETF | TLT | Nasdaq | ||
iShares 25+ Year Treasury STRIPS Bond ETF | GOVZ | Cboe BZX | ||
iShares Agency Bond ETF | AGZ | NYSE Arca | ||
iShares Broad USD Investment Grade Corporate Bond ETF | USIG | Nasdaq | ||
iShares California Muni Bond ETF | CMF | NYSE Arca | ||
iShares Core 5-10 Year USD Bond ETF | IMTB | NYSE Arca | ||
iShares Core 10+ Year USD Bond ETF | ILTB | NYSE Arca | ||
iShares Core U.S. Aggregate Bond ETF | AGG | NYSE Arca | ||
iShares ESG Advanced Total USD Bond Market ETF | EUSB | NYSE Arca | ||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | SUSB | Nasdaq | ||
iShares ESG Aware U.S. Aggregate Bond ETF | EAGG | NYSE Arca | ||
iShares ESG Aware USD Corporate Bond ETF | SUSC | Nasdaq | ||
iShares Government/Credit Bond ETF | GBF | NYSE Arca | ||
iShares High Yield Bond Factor ETF | HYDB | Cboe BZX | ||
iShares iBoxx $ High Yield Corporate Bond ETF | HYG | NYSE Arca | ||
iShares iBoxx $ Investment Grade Corporate Bond ETF | LQD | NYSE Arca | ||
iShares Intermediate Government/Credit Bond ETF | GVI | Cboe BZX | ||
iShares Investment Grade Bond Factor ETF | IGEB | Cboe BZX | ||
iShares MBS ETF | MBB | Nasdaq | ||
iShares National Muni Bond ETF | MUB | NYSE Arca | ||
iShares New York Muni Bond ETF | NYF | NYSE Arca | ||
iShares Short-Term National Muni Bond ETF | SUB | NYSE Arca | ||
iShares Short Treasury Bond ETF | SHV | Nasdaq |
• | iShares 0-3 Month Treasury Bond ETF |
• | iShares 1-3 Year Treasury Bond ETF |
• | iShares 1-5 Year Investment Grade Corporate Bond ETF1 |
• | iShares 3-7 Year Treasury Bond ETF |
• | iShares 5-10 Year Investment Grade Corporate Bond ETF2 |
• | iShares 7-10 Year Treasury Bond ETF |
• | iShares 10+ Year Investment Grade Corporate Bond ETF3 |
• | iShares 10-20 Year Treasury Bond ETF |
• | iShares 20+ Year Treasury Bond ETF |
• | iShares 25+ Year Treasury STRIPS Bond ETF |
• | iShares Agency Bond ETF4 |
• | iShares Broad USD Investment Grade Corporate Bond ETF |
• | iShares California Muni Bond ETF5 |
• | iShares Core 5-10 Year USD Bond ETF6 |
• | iShares Core 10+ Year USD Bond ETF7 |
• | iShares Core U.S. Aggregate Bond ETF8 |
• | iShares ESG Advanced Total USD Bond Market ETF9 |
• | iShares ESG Aware 1-5 Year USD Corporate Bond ETF10 |
• | iShares ESG Aware U.S. Aggregate Bond ETF11 |
• | iShares ESG Aware USD Corporate Bond ETF12 |
• | iShares Government/Credit Bond ETF13 |
• | iShares High Yield Bond Factor ETF14 |
• | iShares iBoxx $ High Yield Corporate Bond ETF |
• | iShares iBoxx $ Investment Grade Corporate Bond ETF |
• | iShares Intermediate Government/Credit Bond ETF15 |
• | iShares Investment Grade Bond Factor ETF16 |
• | iShares MBS ETF17 |
• | iShares National Muni Bond ETF18 |
• | iShares New York Muni Bond ETF19 |
• | iShares Short-Term National Muni Bond ETF20 |
• | iShares Short Treasury Bond ETF |
1 | On September 30, 2020, the name of the Fund changed from the iShares Short-Term Corporate Bond ETF to the iShares 1-5 Year Investment Grade Corporate Bond ETF. |
2 | On September 30, 2020, the name of the Fund changed from the iShares Intermediate-Term Corporate Bond ETF to the iShares 5-10 Year Investment Grade Corporate Bond ETF. |
3 | On September 30, 2020, the name of the Fund changed from the iShares Long-Term Corporate Bond ETF to the iShares 10+ Year Investment Grade Corporate Bond ETF. |
4 | On August 24, 2021, the name of the Fund’s underlying index changed from the Bloomberg Barclays U.S. Agency Bond Index to the Bloomberg U.S. Agency Bond Index. |
5 | Effective September 15, 2021, the Fund’s Underlying Index changed from the S&P California AMT-Free Municipal Bond Index to the ICE AMT-Free California Municipal Index. |
6 | On August 24, 2021, the name of the Fund’s underlying index changed from the Bloomberg Barclays U.S. Universal 5-10 Year Index to the Bloomberg U.S. Universal 5-10 Year Index. |
7 | On August 24, 2021, the name of the Fund’s underlying index changed from the Bloomberg Barclays U.S. Universal 10+ Year Index to the Bloomberg U.S. Universal 10+ Year Index. |
8 | On August 24, 2021, the name of the Fund’s underlying index changed from the Bloomberg Barclays U.S. Aggregate Bond Index to the Bloomberg U.S. Aggregate Bond Index. |
9 | On August 24, 2021, the name of the Fund’s underlying index changed from the Bloomberg Barclays MSCI US Universal Choice ESG Screened Index to the Bloomberg MSCI US Universal Choice ESG Screened Index. |
10 | On August 24, 2021, the name of the Fund’s underlying index changed from the Bloomberg Barclays MSCI US Corporate 1-5 Year ESG Focus Index to the Bloomberg MSCI US Corporate 1-5 Year ESG Focus Index. |
11 | On August 24, 2021, the name of the Fund’s underlying index changed from the Bloomberg Barclays MSCI US Aggregate ESG Focus Index to the Bloomberg MSCI US Aggregate ESG Focus Index. |
12 | On August 24, 2021, the name of the Fund’s underlying index changed from the Bloomberg Barclays MSCI US Corporate ESG Focus Index to the Bloomberg MSCI US Corporate ESG Focus Index. |
13 | On August 24, 2021, the name of the Fund’s underlying index changed from the Bloomberg Barclays U.S. Government/Credit Bond Index to the Bloomberg U.S. Government/Credit Bond Index. |
14 | On August 17, 2020, the name of the Fund changed from the iShares Edge High Yield Defensive Bond ETF to the iShares High Yield Bond Factor ETF. |
15 | On August 24, 2021, the name of the Fund’s underlying index changed from the Bloomberg Barclays U.S. Intermediate Government/Credit Bond Index to the Bloomberg U.S. Intermediate Government/Credit Bond Index. |
16 | On August 17, 2020, the name of the Fund changed from the iShares Edge Investment Grade Enhanced Bond ETF to the iShares Investment Grade Bond Factor ETF. |
17 | On August 24, 2021, the name of the Fund’s underlying index changed from the Bloomberg Barclays U.S. MBS Index to the Bloomberg U.S. MBS Index. |
18 | Effective September 15, 2021, the Fund’s Underlying Index changed from the S&P National AMT-Free Municipal Bond Index to the ICE AMT-Free US National Municipal Index. |
19 | Effective September 15, 2021, the Fund’s Underlying Index changed from the S&P New York AMT-Free Municipal Bond Index to the ICE AMT-Free New York Municipal Index. |
20 | Effective September 15, 2021, the Fund’s Underlying Index changed from the S&P Short Term National AMT-Free Municipal Bond Index to the ICE Short Maturity AMT-Free US National Municipal Index. |
Diversified Funds | Non-Diversified Funds | |
iShares 0-3 Month Treasury Bond ETF | iShares California Muni Bond ETF | |
iShares 1-3 Year Treasury Bond ETF | iShares ESG Advanced Total USD Bond Market ETF |
Diversified Funds | Non-Diversified Funds | |
iShares 1-5 Year Investment Grade Corporate Bond ETF | iShares New York Muni Bond ETF | |
iShares 3-7 Year Treasury Bond ETF | ||
iShares 5-10 Year Investment Grade Corporate Bond ETF | ||
iShares 7-10 Year Treasury Bond ETF | ||
iShares 10+ Year Investment Grade Corporate Bond ETF | ||
iShares 10-20 Year Treasury Bond ETF | ||
iShares 20+ Year Treasury Bond ETF | ||
iShares 25+ Year Treasury STRIPS Bond ETF | ||
iShares Agency Bond ETF | ||
iShares Broad USD Investment Grade Corporate Bond ETF | ||
iShares Core 5-10 Year USD Bond ETF | ||
iShares Core 10+ Year USD Bond ETF | ||
iShares Core U.S. Aggregate Bond ETF | ||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | ||
iShares ESG Aware USD Corporate Bond ETF | ||
iShares ESG Aware U.S. Aggregate Bond ETF | ||
iShares Government/Credit Bond ETF | ||
iShares High Yield Bond Factor ETF | ||
iShares iBoxx $ High Yield Corporate Bond ETF | ||
iShares iBoxx $ Investment Grade Corporate Bond ETF | ||
iShares Intermediate Government/Credit Bond ETF | ||
iShares Investment Grade Bond Factor ETF | ||
iShares MBS ETF | ||
iShares National Muni Bond ETF | ||
iShares Short-Term National Muni Bond ETF | ||
iShares Short Treasury Bond ETF |
• | High yield bonds may be issued by less creditworthy issuers. These securities are vulnerable to adverse changes in the issuer’s industry or to general economic conditions. Issuers of high yield bonds may be unable to meet their interest or principal payment obligations because of an economic downturn, specific issuer developments or the unavailability of additional financing. |
• | The issuers of high yield bonds may have a larger amount of outstanding debt relative to their assets than issuers of investment grade bonds. If the issuer experiences financial stress, it may be unable to meet its debt obligations. The issuer’s ability to pay its debt obligations also may be lessened by specific issuer developments, or the unavailability of additional financing. Issuers of high yield securities are often in the growth stage of their development and/or involved in a reorganization or takeover. |
• | High yield bonds are frequently ranked junior to claims by other creditors. If the issuer cannot meet its obligations, the senior obligations are generally paid off before the junior obligations, which will potentially limit a Fund’s ability to fully recover principal, to receive interest payments when senior securities are in default or to receive restructuring benefits paid to holders of more senior classes of debt. Thus, investors in high yield securities frequently have a lower degree of protection with respect to principal and interest payments than do investors in higher rated securities. |
• | High yield bonds frequently have redemption features that permit an issuer to repurchase the security from a Fund before it matures. If an issuer redeems the high yield bonds, a Fund may have to invest the proceeds in bonds with lower yields and may lose income. |
• | Prices of high yield bonds are subject to extreme fluctuations. Negative economic developments may have a greater impact on the prices of high yield bonds than on those of other higher rated fixed-income securities. |
• | Under certain economic and/or market conditions, a Fund may have difficulty disposing of certain high yield securities due to the limited number of investors in that sector of the market. There are fewer dealers in the high yield bond market, and there may be significant differences in the prices quoted for high yield bonds by dealers, and such quotations may not be the actual prices available for a purchase or sale. Judgment may play a greater role in the prices and values generated for such securities than in the case of securities trading in a more liquid market. |
• | The secondary markets for high yield securities are not as liquid as the secondary markets for higher rated securities. The secondary markets for high yield securities are concentrated in relatively few market makers and, participants in the markets are mostly institutional investors, including insurance companies, banks, other financial institutions and mutual funds. In addition, the trading volume for high yield securities is generally lower than that for higher rated securities and the secondary markets could contract under adverse market or economic conditions independent of any specific adverse changes in the condition of a particular issuer. Under certain economic and/or market conditions, a Fund may have difficulty disposing of certain high yield securities due to the limited number of investors in that sector of the market. An illiquid secondary market may adversely affect the market price of the high yield security, which may result in increased difficulty selling the particular issue and obtaining accurate market quotations on the issue when valuing a Fund's assets. Market quotations on high yield securities are available only from a limited number of dealers, and such quotations may not be the actual prices available for a purchase or sale. When the secondary market for high yield securities becomes more illiquid, or in the absence of readily available market quotations for such securities, the relative lack of reliable objective data makes it more difficult to value such securities, and judgment plays a more important role in determining such valuations. |
• | A Fund may incur expenses to the extent necessary to seek recovery upon default or to negotiate new terms with a defaulting issuer. |
• | The high yield bond markets may react strongly to adverse news about an issuer or the economy, or to the perception or expectation of adverse news, whether or not it is based on fundamental analysis. Additionally, prices for high yield securities may be affected by legislative and regulatory developments. These developments could adversely affect a Fund’s NAV and investment practices, the secondary market for high yield securities, the financial condition of issuers of these securities and the value and liquidity of outstanding high yield securities, especially in a thinly traded market. For example, federal legislation requiring the divestiture by federally insured savings and loan associations of their investments in high yield bonds and limiting the deductibility of interest by certain corporate issuers of high yield bonds adversely affected the market in the past. |
2019-20 |
2020-21 |
2021-22 |
2022-23 |
2023-24 |
2024-25 |
Average Year- Over-Year Growth | |||||||
Personal Income Tax | $99.6 | $124.2 | $123.3 | $128.5 | $131.2 | $133.6 | 6.4% | ||||||
Sales and Use Tax | $25.5 | $27.9 | $29.0 | $29.1 | $29.8 | $30.5 | 3.7% | ||||||
Corporation Tax | $14.0 | $20.1 | $18.1 | $17.4 | $16.8 | $17.2 | 5.9% | ||||||
Total | $139.1 | $172.2 | $170.4 | $175.0 | $177.8 | $181.3 | 5.8% | ||||||
Growth2 | -0.3% | 23.8% | -1.1% | 2.7% | 1.6% | 2.0% |
1 | From the May Revision to the 2021-22 Governor’s Budget. |
2 | Totals may not add due to rounding. |
CalPERS Return on Investments for Fiscal Years 2016 through 2020 | ||
Fiscal Year | Return on Investments | |
2015-16 | 0.6% | |
2016-17 | 11.2% | |
2017-18 | 8.6% | |
2018-19 | 6.7% | |
2019-20 | 4.7% |
CalSTRS Return on Investments for Fiscal Years 2016 through 2020 | ||
Fiscal Year | Return on Investments | |
2015-16 | 1.4% | |
2016-17 | 13.4% | |
2017-18 | 9.0% | |
2018-19 | 6.8% | |
2019-20 | 3.9% |
May Revision | |||||||||
Revised 2019-202 |
Revised 2020-213 |
Percent Change |
Proposed 2021-223 |
Percent Change | |||||
Prior-year General Fund balance | $ 11,442 | $ 5,658 | -49.9 % | $ 27,435 | 384.9% | ||||
Revenues and transfers | 140,400 | 187,020 | 31.8% | 175,921 | -5.9% | ||||
Expenditures | (146,185) | (165,243) | 12.0% | (196,795) | 19.1% | ||||
Ending General Fund Balance | $ 5,657 | $ 27,435 | $ 6,561 | ||||||
Encumbrances | (3,175) | (3,175) | (3,175) | ||||||
SFEU balance | $ 2,482 | $ 24,260 | $ 3,386 | ||||||
BSA balance | $ 17,350 | $ 12,494 | $ 15,939 | ||||||
Other reserve balances4 | $ 900 | $ 2,434 | $ 5,051 |
1 | Totals may not add-up due to rounding. |
2 | From the LAO report on the 2021-22 Governor’s Budget. |
3 | From the May Revision to the 2021-22 Governor’s Budget. |
4 | Safety Net Reserve and Public School System Stabilization Account. |
Moody’s | S&P | Fitch | ||
Aa2 | AA- | AA |
1 | The State fiscal year is identified by the calendar year in which it ends. For example, fiscal year 2020 (“FY 2020”) is the fiscal year that began on April 1, 2019 and ends on March 31, 2020. |
• | The United States remains in the grip of the COVID-19 pandemic. The virus has killed over 500,000 people since it began circulating in the United States in early 2020. The federal government’s response to the evolving public health crisis has been slow and inconsistent. States and local governments have filled the void by instituting a patchwork of public health measures, with mixed results. |
• | At the same time, the economic well-being of millions of Americans has been shattered by the pandemic-induced recession. The official national unemployment rate stood at 6.3 percent in January 2021, nearly twice as high as the unemployment rate in February 2020, the month before urgent public health measures were instituted to limit the spread of COVID-19. The Bureau of Labor Statistics (BLS) reports that, in addition to the 10.1 million people counted as unemployed in the January 2021 official statistics, an additional 7.0 million people were unable to find employment. The job losses throughout the pandemic have fallen disproportionately on low-wage workers. |
• | In New York, as in other states, the recession has upended government finances. DOB reports that the estimates for General Fund receipts for FY 2021 through FY 2024 in the Financial Plan are $33 billion lower than in the February 2020 Financial Plan, the last public estimates before the pandemic struck. A modest increase in tax receipts estimates since |
the Mid-Year Update to the Financial Plan in October 2020 has not fundamentally altered the State’s fiscal challenges. The projected aggregate two-year budget gap (FY 2021 and FY 2022) that must be closed in the FY 2022 Executive Budget (“Executive Budget”) is projected to total $12.7 billion. | |
• | As states struggle to meet rising service needs amid revenue losses, federal aid has been confined to pandemic response, health care, and related costs. As of the date of the Financial Plan, proposals for direct financial relief to state and local governments had been stalled in Congress. The American Rescue Plan was subsequently passed, but is not included in the Financial Plan. BLS reports that employment in the state and local government sector has fallen by 1.3 million (-6.5 percent) from January 2020 to January 2021. The National Association of State Budget Officers, in its most recent survey, found that expenditures by the states in FY 2021 were anticipated to fall by 1.1 percent compared to FY 2020. |
• | As of the date of the Financial Plan, it appeared more likely that the federal government would approve federal aid to the states in 2021 following the election of Joseph R. Biden as President and a change in party control in the U.S. Senate. |
• | As of the date of the Financial Plan, the timing and amount of new federal aid, was unclear. The American Rescue Plan and other federal aid will ultimately determine the level of spending cuts and tax increases that must be enacted by the State in FY 2022. The Governor has asked Congress for $15 billion in COVID relief aid to maintain State services. The requested aid would replace less than half of the State’s estimated receipts losses through FY 2024. |
• | The Financial Plan includes $6 billion in new aid. The aid in the Financial Plan is apportioned evenly over two years, with $3 billion in both FY 2022 and FY 2023, to reduce the FY 2022 budget risk if such aid is delayed or approved at a lower level than expected. |
• | With this level of new aid, the Executive Budget recommends difficult spending cuts in local aid and agency operations. It also proposes tax increases. Both would slow the State’s economic and fiscal recovery. These potential reductions and tax increases are explained in greater detail later in the AIS Update. |
• | If the Governor’s full $15 billion federal aid request is approved, the State would be able to reverse or modify many of these proposals. The Executive Budget includes a contingency appropriation to enable these restorations in the event that the federal government provides the full amount of aid requested by the Governor. |
• | On March 1, 2021, the Director of the Budget and all secretaries of the Senate Finance Committee and Assembly Ways and Means Committee issued a joint report containing a consensus forecast for the economy and projections of certain receipts for the current and ensuing fiscal years. In the consensus forecast report, the parties forecast that the level of receipts over the two-year period (FYs 2021 and 2022) would exceed the Executive Budget forecast by $2.5 billion. All parties agreed that there remain multiple and elevated risks to the economic outlook, including the resolution of the COVID-19 pandemic and the planned reopening of the economy. Note that the consensus forecast is not reflected in the tables, values or narrative discussion throughout the AIS Update. Any revisions to the receipts forecast from the consensus forecast process will be reflected in the FY 2022 Enacted Budget Financial Plan. |
• | PIT High-Income Rate. The current top PIT rate is 8.82 percent for married taxpayers with a taxable income above $2.155 million. Taxpayers with incomes over $5 million will have the option to pre-pay two years of excess liability based on five new tax brackets. A new deduction will return the prepayment to affected taxpayers between 2024 and 2025. |
• | Middle-Class PIT Cut Phase-in. The Executive Budget pauses the phase-in of the middle-class tax cut, which began in 2018 and was scheduled to fully phase in by 2025. Tax year 2020 rates will remain in effect for an additional year. |
• | Local District Funding Adjustment. The Executive Budget includes a local district funding adjustment that reduces reimbursements to school districts by $1.35 billion in FY 2022. This reduction would not exceed any school district’s federal CRRSAA allocation.2 The adjustment recurs in the outyears. |
• | Other Revenue Actions. The Executive Budget proposes the expansion to sports wagering that is expected to provide additional State support for education costs. It also includes certain extensions, enforcement initiatives and reforms. Other new tax actions include the imposition of sales tax on vacation rentals, establishment of a regulatory structure for the adult use of cannabis and creation of a new tax credit to support businesses in rehiring workers displaced by the COVID-19 pandemic. |
2 | The federal Coronavirus Relief Response and Relief Supplemental Appropriations Act (“CRRSAA”), enacted on December 27, 2020, provides $3.9 billion to school districts. |
• | eFMAP Extension. On January 7, 2021, the U.S. Secretary of Health and Human Services issued an extension to the public health emergency declaration through April 21, 2021, which would span two additional quarters through June 2021. The Executive Budget includes the assured extension from January 1 through March 30, 2021, as well as the then-likely extension of an additional quarter (from April 1 through June 30, 2021). The enhanced rate at which the federal government reimburses eligible State Medicaid expenditures (56.2 percent compared to the regular rate of 50 percent) reduces State-share expenditures and increases federal expenditures by an equal amount, and therefore has no impact on total Medicaid payments. DOB estimates State-share savings of $497 million in FY 2021 and $995 million in FY 2022. |
• | Education. General Fund savings are achieved from the consolidation of certain expense-based aids into a new block grant and the reduction of its school year (SY) 2022 funding level by $693 million compared to the SY 2022 projections of its components under current law. These reductions, as well as the $1.35 billion local district funding adjustment to school districts, would be more than offset by $3.85 billion in CRRSAA funding to school districts. The Executive Budget recommends a total of $31.7 billion in school district funding for SY 2022, including school aid, STAR reimbursement payments, the local district funding adjustment, and CRRSAA funding. This represents an increase of $2.1 billion, or 7.1 percent, over the statewide SY 2021 funding level, including federal CARES Act funds, driven by $3.9 billion in CRRSAA funding to districts. Additionally, all formula-based school aid payments previously on hold (approximately $390 million) would be repaid to school districts before the end of the fiscal year. |
Additionally, the Executive Budget proposes to capture roughly half of the savings to school districts from a reduction in 2021-22 charter school tuition rates, lowering State reimbursement through supplemental tuition payments in FY 2022 by roughly $35 million. Further, the Executive Budget proposes to eliminate State reimbursement to New York City for its charter school rental assistance in order to encourage the use of available co-located space in public facilities instead of leasing space in privately owned facilities. Other education aid savings include downward revisions to special education spending related to enrollment declines, 5 percent recurring reductions to library aid and public broadcasting, a temporary two-year elimination of aid to private colleges (Bundy Aid), elimination of certain teacher support and training programs, elimination of New York City’s discretionary Fiscal Stabilization Grant, and elimination of funding for school districts’ prior year aid claims. | |
• | Health Care. The Executive Budget includes General Fund savings of roughly $1.2 billion in FY 2021 and roughly $600 million in FY 2022 mainly driven by a downward revision to managed care rates based on lower health care utilization due to the pandemic, use of available inter-governmental transfers balances and unspent Vital Access Provider Assurance Program funds to offset costs and other revisions. Prior to revisions and savings, the updated forecast of Medicaid costs is expected to exceed the Global Cap, attributable to increased enrollment and utilization. The savings include a comprehensive package of telehealth reforms, achieving programmatic efficiency savings in the home and community-based care sector with the implementation of the new Electronic Visit Verification system, enhancing pharmacy oversight by eliminating “prescriber prevails” and coverage for certain over-the-counter products, reducing supplemental pools for certain health care plans and providers, and other continued cost-containment measures that are expected to control the level of spending permitted under the Global Cap index. Other health care savings include modifying, reducing or eliminating certain public health programs, specifically reducing New York City reimbursement rates for the General Public Health Work program from 20 percent to 10 percent, savings efficiencies in the Early Intervention program and reducing the excess medical malpractice payment by 50 percent and revising the payment schedule. |
• | Mental Hygiene. Spending revisions reflect updated assumptions and revised timelines for ongoing transformation efforts to ensure efficient use of State resources in mental hygiene service delivery systems as well as continued support of programs and services to ensure individuals with developmental disabilities, mental illness and addiction have appropriate access to care. These investments are supported in part by continued efficiencies in program operations and reductions in excess institutional capacity. In addition, savings are expected from the reduction in Medicaid rates for Office for People with Developmental Disabilities (OPWDD) services, and 5 percent reductions to OPWDD non-Medicaid local assistance and Office of Mental Health non-residential provider payments. |
• | Human Services. Savings reflect proposed 5 percent reductions for various social services programs, the shift of the State share for Committee on Special Education costs to school districts outside of New York City, the use of available federal Child Care Development Block Grant funds to offset State costs for child care, and the use of alternative resources to support the consolidated homeless and adult shelter programs. The savings are partly offset by higher costs for childcare and safety net assistance resulting from increases in the public assistance caseload forecasts. |
• | Higher Education. Savings reflect declining enrollments and revised estimates of spending for student financial aid and FY 2022 formula aid for community colleges. Additional savings are realized through a targeted 5 percent reduction in general operating support for the State University of New York (“SUNY”) State-operated campuses, City University of New York (“CUNY”) senior colleges and FY 2021 aid for community colleges. |
• | All Other. Savings are expected as a result of targeted actions, including a 5 percent reduction in Aid and Incentives to Municipalities (AIM) and video lottery terminal (VLT) aid, the shifting of AIM for current towns and villages to AIM-related payments, and elimination of VLT aid to 15 municipalities outside of Yonkers. |
• | Fund Eligible Expenses from CRF. Additional personnel expenses of public health and public safety employees have been charged to the CRF consistent with federal guidance, which reduces State personal service and fringe benefit costs in FY 2021. The Financial Plan reflects $2.5 billion in payroll charges to the CRF. The Financial Plan includes funding for direct COVID-19 expenses, which DOB continues to assume will be funded from federal sources. The remaining balance in the CRF is expected to be fully expended for, among other things, vaccine distribution costs by the end of calendar year 2021. |
• | Pandemic Expenses/FEMA Reimbursement. The Financial Plan continues to assume that the federal government will fully fund the State’s direct pandemic response costs, but timing differences between State outlays and FEMA |
reimbursement will occur. The State is expected to incur an estimated $1 billion in COVID-19 expenses that are eligible for FEMA reimbursement (at 100 percent of cost). FEMA reimbursement is currently expected in FY 2022 ($600 million), FY 2023 ($200 million), and FY 2024 ($200 million). The timing difference between the State outlay and FEMA reimbursement creates a current-year cost of $1 billion and commensurate savings from FY 2022 through FY 2024. | |
• | Executive Agencies. Executive agency budgets, with exceptions for facility operations and public health and safety, have been reduced by 10 percent from budgeted levels beginning in FY 2021. These reductions were allocated to agencies in the Mid-Year Update to the Financial Plan and are expected to be achieved through adhering strict freeze on hiring and transfers and limiting new contracts or purchase orders for non-personal service expenditures to those needed to protect the health, safety and security of employees and citizens and to ensure the continuation of high-priority operations and services. Savings are also expected to be achieved in part from the deferral of general salary increases scheduled to go into effect on April 1, 2020 and April 1, 2021, which will instead be paid beginning in FY 2023. In addition, the Executive Budget reflects savings from the planned reduction of excess capacity in the mental health and prison systems. |
• | Fringe Benefits/Fixed Costs. Pension estimates reflect the planned payment of the full FY 2022 Employees’ Retirement System (“ERS”)/Police and Fire Retirement System (“PFRS”) pension bills in June 2021. Health insurance savings are projected from eliminating taxpayer-subsidized reimbursements for high-income public sector retirees through the Income-Related Monthly Adjustment Amount New York State Health Insurance Program (“NYSHIP”), maintaining Medicare Part B premium reimbursements at $148.50 per month, developing a sliding scale for retiree health insurance coverage for new retirees and developing a dependent eligibility verification audit to assure that divorcees and children who aged out are no longer being covered. |
3 | Factors that place upward pressure on State-share Medicaid spending include, but are not limited to, reimbursement to providers for the cost of the increase in the minimum wage; phase-out of enhanced federal funding; and increased enrollment and costs in managed long-term care. |
4 | Under State law, annual growth in Medicaid spending subject to the Global Cap is limited to the 10-year rolling average of the medical component of the CPI. |
• | Medicaid ($48.4 billion). Funding shared by the federal government helps support health care costs for more than seven million New Yorkers, including more than two million children. Medicaid is the single largest category of federal funding. |
• | eFMAP ($1.2 billion - state and local share benefit). In response to the COVID-19 pandemic, the federal government increased its share of Medicaid funding (eFMAP) by 6.2 percent for each calendar quarter occurring during the public health emergency. The enhanced funding began January 1, 2020 and is currently expected to continue through June 2021, providing a total of $5.4 billion in additional federal resources that reduce State and local government costs. State savings total $3.5 billion and $995 million in FY 2021 and FY 2022, respectively. Due to the timing of reconciliations to draw down the eFMAP, savings for the month of March 2021 will be realized in FY 2022. |
• | Education ($3.9 billion). Funding supports K-12 education and special education. Similar to Medicaid and the human services programs, much of federal education funding received is directed toward vulnerable New Yorkers, such as students in high-poverty schools or those with disabilities. |
• | Social Services ($3.6 billion). Funding provides assistance for several programs managed by the Office of Temporary and Disability Assistance , including TANF-funded public assistance benefits and the Flexible Fund for Family Services, Home Energy Assistance Program benefits, Supplemental Nutrition Assistance Program administrative costs, and child support administrative costs. |
• | Public Health ($8 billion). The federal government provides support for several health programs administered by DOH, including the EP, which provides health care coverage for low-income individuals who do not qualify for Medicaid or CHP. |
• | Children and Families ($1 billion). The Federal government provides assistance for programs managed by the Office of Children and Family Services, such as the foster care program. |
• | Transportation ($1.6 billion). Federal resources support infrastructure investments in highway and transit systems throughout the State, including funding participation in ongoing transportation capital plans. |
• | Public Protection ($1.3 billion). Federal funding supports various programs and operations of the State Police, the Department of Corrections and Community Supervision, the Office of Victim Services, the Division of Homeland Security and Emergency Services, and the Division of Military and Naval Affairs. Federal funds are also passed on to municipalities to support a variety of public safety programs. |
• | All Other Funding ($1.1 billion). Other programs supported by federal resources include housing and homeless services, economic development, mental hygiene, parks and environmental conservation, higher education, and general government areas. |
• | COVID-19 Funding (FY 2021, $9.0 billion; FY 2022, $5.5 billion). In response to the COVID-19 pandemic, the federal government has authorized various funding to states and other entities, including $5.1 billion from the CRF established in the CARES Act to provide funding for states and local governments to respond to the COVID-19 pandemic, and the Lost Wages Assistance program, which provided funding to grant eligible claimants who are unemployed or partially unemployed due to the pandemic a supplemental payment of $300 per week through December 27, 2020, in addition to their unemployment benefits. In addition, the CARES Act included grants to provide educational agencies with emergency assistance to address the impact of COVID-19. The CRRSAA established the Emergency Rental Assistance program to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic and provided additional funding for the Elementary and Secondary School Emergency Relief Fund and the Governor’s Emergency Education Relief Fund. |
• | Additional COVID-19 Relief. As of the date of the AIS Update, New York State needed an estimated $15 billion in addition to funds for local governments to close its deficit caused by revenue losses resulting from the pandemic. Without these funds, necessary State and local services will be in jeopardy. |
• | Vaccine Distribution. The federal government must increase the pace of vaccine distribution to bring the pandemic to an end. The State’s economy and revenues cannot completely recover until the pandemic is abated. |
• | MTA Congestion Pricing. The Federal Highway Administration has delayed approval of the MTA’s congestion pricing plan by over 18 months. Continued delay of this approval would cost the MTA an estimated $1 billion in annual revenues. |
• | Surface Transportation Reauthorization. The Fixing America’s Surface Transportation Act, which funds federal highway, transit, intercity rail, freight, highway traffic safety, and motor carrier safety programs, is set to expire on September 30, 2021. In federal fiscal year (“FFY”) 2021, the State and State transit authorities are expected to receive $3.3 billion in highway and transit funding alone. This funding will be at risk if the federal government does not act to capitalize the Federal Highway Trust Fund and ensure an extension of current law or enact a new authorization prior to October 1, 2021. |
5 | SUNY Research Foundation, CUNY Research Foundation, and Health Research, Inc. are allowed to accept up to $10 million each in charitable gifts on an annual basis. State PIT receipts will also be reduced by the State tax deduction and an 85 percent credit for those donations. |
6 | The State’s aggregate pension costs also include costs for State employees in the Teachers’ Retirement System for both SUNY and the State Education Department (“SED”), the Optional Retirement Program for both SUNY and SED, and the New York State Voluntary Defined Contribution Plan. |
7 | On February 8, 2021, the State Comptroller announced that the Common Retirement Fund's estimated time-weighted return (gross of certain investment fees) for the third quarter of FY 2021 was 10.01 percent for the three-month period ended December 31, 2020, and the CRF ended the quarter with an estimated value of $247.7 billion. These quarterly returns reflect unaudited data for the invested assets of the System. The value of the invested assets changes daily. |
8 | The System previously disclosed a funded ratio in accordance with GASB Statements 25 and 27, which have been amended by GASB Statements 67 and 68. The GASB Statements 67 and 68 amendments had the effect, among other things, of no longer requiring the disclosure of a funded ratio. GASB now requires the disclosure of the ratio of the fiduciary net position to the total pension liability. This ratio is not called a funded ratio and is not directly comparable to the funded ratio disclosed in prior years. |
9 | DOB's New York State economic forecast incorporates the 2020 third-quarter BEA State personal income report released on December 17, 2020. |
10 | The current forecast does not incorporate the Biden Administration's American Rescue Plan. |
• | Communications of Data Files: A Fund may make available through the facilities of the National Securities Clearing Corporation (“NSCC”) or through posting on the www.iShares.com, prior to the opening of trading on each business day, a list of a Fund’s holdings (generally pro-rata) that Authorized Participants could deliver to a Fund to settle purchases of a Fund (i.e. Deposit Securities) or that Authorized Participants would receive from a Fund to settle redemptions of a Fund (i.e. Fund Securities). These files are known as the Portfolio Composition File and the Fund Data File (collectively, “Files”). The Files are applicable for the next trading day and are provided to the NSCC and/or posted on www.iShares.com after the close of markets in the U.S. |
• | Communications with Authorized Participants and Liquidity Providers: Certain employees of BFA are responsible for interacting with Authorized Participants and liquidity providers with respect to discussing custom basket proposals as described in the Custom Baskets section of this SAI. As part of these discussions, these employees may discuss with an Authorized Participant or liquidity provider the securities a Fund is willing to accept for a creation, and securities that a Fund will provide on a redemption. |
• | Communications with Listing Exchanges: From time to time, employees of BFA may discuss portfolio holdings information with the applicable primary listing exchange for a Fund as needed to meet the exchange listing standards. |
• | Communications with Other Portfolio Managers: Certain information may be provided to employees of BFA who |
• | Communication of Other Information: Certain explanatory information regarding the Files is released to Authorized Participants and liquidity providers on a daily basis, but is only done so after the Files are posted to www.iShares.com. |
• | Third-Party Service Providers: Certain portfolio holdings information may be disclosed to Fund Trustees and their counsel, outside counsel for the Funds, auditors and to certain third-party service providers (i.e., fund administrator, custodian, proxy voting service) for which a non-disclosure, confidentiality agreement or other obligation is in place with such service providers, as may be necessary to conduct business in the ordinary course in a manner consistent with applicable policies, agreements with the Funds, the terms of the current registration statements and federal securities laws and regulations thereunder. |
• | Liquidity Metrics: “Liquidity Metrics,” which seek to ascertain a Fund’s liquidity profile under BlackRock’s global liquidity risk methodology, include but are not limited to: (a) disclosure regarding the number of days needed to liquidate a portfolio or the portfolio’s underlying investments; and (b) the percentage of a Fund’s NAV invested in a particular liquidity tier under BlackRock’s global liquidity risk methodology. The dissemination of position-level liquidity metrics data and any non-public regulatory data pursuant to the Liquidity Rule (including SEC liquidity tiering) is not permitted unless pre-approved. Disclosure of portfolio-level liquidity metrics prior to 60 calendar days after calendar quarter-end requires a non-disclosure or confidentiality agreement and approval of the Trust’s Chief Compliance Officer. Portfolio-level liquidity metrics disclosure subsequent to 60 calendar days after calendar quarter-end requires the approval of portfolio management and must be disclosed to all parties requesting the information if disclosed to any party. |
• | tobacco producers or companies with 15% or more of their revenue derived from tobacco products; |
• | civilian firearms producers or retailers that derive 5% or more of their revenue, or more than $20 million in revenue, from civilian firearms-related products; |
• | cluster bomb, landmine, depleted uranium, or chemical/biological weapon systems or components manufacturers; and |
• | any issuer with 5% or more revenue derived from thermal coal (power and heat) or oil sands. |
• | tobacco producers or companies with 15% or more of their revenue derived from tobacco products; |
• | civilian firearms producers or retailers that derive 5% or more of their revenue, or more than $20 million in revenue, from civilian firearms-related products; |
• | cluster bomb, landmine, depleted uranium, or chemical/biological weapon systems or components manufacturers; and |
• | any issuer with 5% or more revenue derived from thermal coal (power and heat) or oil sands. |
• | tobacco producers or companies with 15% or more of their revenue derived from tobacco products; |
• | civilian firearms producers or retailers that derive 5% or more of their revenue, or more than $20 million in revenue, from civilian firearms-related products; |
• | cluster bomb, landmine, depleted uranium, or chemical/biological weapon systems or components manufacturers; and |
• | any issuer with 5% or more revenue derived from thermal coal (power and heat) or oil sands. |
• | U.S. government guaranteed securities: corporate and non-U.S. issuances that carry direct guarantees from the U.S. government; |
• | U.S. government owned, not guaranteed, securities: issuances of quasi-federal corporations (i.e., entities that are partially or wholly-owned by the U.S. government); such issuances generally carry no explicit guarantee of repayment from the U.S. government; and |
• | U.S. government sponsored securities: issuances of U.S. government sponsored entities (including Fannie Mae and Freddie Mac), which are not 100% government owned, but carry out government policies and benefit from implied involvement of central governments, such as by benefiting from certain government subsidies, credit provisions, or other government support; such issuances generally have no guarantees from the U.S. government. |
• | All companies that derive 5% or more aggregate revenue from the production, distribution and retail, and all companies that produce, direct, or publish adult entertainment materials that fall into the following categories: producer of NC-17-rated films, pay-per-view programming or channels, sexually explicit video games, books or magazines with adult content, live entertainment of an adult nature, adults-only material on the internet; |
• | All companies classified as a “producer” that derive $500 million or 5% or more in revenue from manufacturing, distributing, retailing, licensing, and supplying alcoholic products, and all companies deriving 15% or more aggregate revenue from the manufacture, distribution, retailing, licensing, and supply of alcoholic products; |
• | All companies classified as involved in “operations” that derive $500 million or 5% or more in revenue from ownership or operation of gambling facilities, provision of key products or services fundamental to gambling operations, and licensing |
of gambling products, and all companies deriving 15% or more aggregate revenue from ownership or operation of gambling facilities, provision of key products or services fundamental to gambling operations, and licensing of gambling products; | |
• | All companies that manufacture tobacco products, such as cigars, blunts, cigarettes, e-cigarettes, inhalers, beedis, kreteks, smokeless tobacco, snuff, snus, dissolvable and chewing tobacco (including companies that grow or process raw tobacco leaves), and all companies deriving 5% or more aggregate revenue from the manufacture, distribution, retailing, licensing, and supply of tobacco products; |
• | All companies deriving revenue from genetically modifying plants, such as seeds and crops, and other organisms intended for agricultural use or human consumption; |
• | All companies that manufacture cluster munitions whole weapons systems, components, or delivery platforms, all companies involved in the production of depleted uranium (DU) weapons, ammunition, and armor, including companies that manufacture armor piercing, fin stabilized, discarding sabot tracing rounds (APFSDS-T), kinetic Energy Missiles made with DU penetrators, and DU-enhanced armor, including composite tank armor, and all companies that manufacture landmines whole systems or components; |
• | All companies that manufacture nuclear warheads and/or whole nuclear missiles (including assembly and integration of warhead and missile body, as well as companies with contracts to operate/manage government-owned facilities that manufacture nuclear warheads and missiles), all companies that manufacture components that were developed or are significantly modified for exclusive use in nuclear weapons (warheads and missiles) (including companies with contracts to operate/manage government-owned facilities that manufacture components for nuclear warheads and missiles), all companies that manufacture or assemble delivery platforms that were developed or significantly modified for the exclusive delivery of nuclear weapons, all companies that manufacture components that were not developed or not significantly modified for exclusive use in nuclear weapons (warheads and missiles) but can be used in nuclear weapons, all companies that manufacture or assemble delivery platforms that were not developed or not significantly modified for the exclusive delivery of nuclear weapons but have the capability to deliver nuclear weapons, all companies that manufacture components for nuclear-exclusive delivery platforms, and all companies that manufacture components for dual-use delivery platforms; |
• | All companies that manufacture firearms and small arms ammunitions for civilian markets (but not including companies that cater to the military, government, and law enforcement markets), all companies deriving 5% or more aggregate revenue from the production and distribution (wholesale or retail) of firearms or small arms ammunition intended for civilian use, and all companies deriving $20 million or more revenue from the production and distribution (wholesale or retail) of firearms or small arms ammunition intended for civilian use; |
• | All companies deriving 5% or more revenue from the production of conventional weapons and components, all companies deriving 10% or more aggregate revenue from weapons systems, components, and support systems and services for conventional weapons; |
• | All companies deriving 50% or more revenue from involvement in the operation of “for profit prisons” (also known as “private prisons”) or the provision of integral services to these types of facilities; |
• | All companies deriving 5% or more revenue from products and services associated with certain controversial lending practices; |
• | All companies deriving revenue from cultivating oil palm trees and harvesting fresh fruit bunches (FFBs) used to produce palm oil products; |
• | All companies that own or operate nuclear power plants, own or operate active uranium mines, are involved in uranium enrichment and processing, are involved in the design and engineering of nuclear power reactors, or derive 15% or more aggregate revenue from ownership or operation of nuclear power plants and supply of key nuclear-specific products or services; and |
• | All companies that belong to the Bloomberg Barclays Energy Fixed Income Sector and all companies with an industry tie to fossil fuels (thermal coal, oil and gas) - in particular, reserve ownership, related revenues and power generation, but not including companies providing evidence of owning metallurgical coal reserves. |
• | Health, Hospital, Single-Family Housing, Multi-Family Housing and Tobacco sector bonds |
• | Securities issued for purposes of student loans, charter schools, prepaid gas or electric contracts, as well as for-profit industrial development or pollution control |
• | Securities supporting private activities, including convention centers, stadiums, cultural facilities, parks, recreation, housing and industrial development, that are not a general obligation of a state or municipality |
• | Securities issued for conduit obligors with use of proceeds related to student housing, waste removal, office buildings, shopping centers, airlines, hotels, telephone, electricity, private services and economic development |
• | Cash flow financing notes (BANs), other than grant anticipation notes |
• | Limited placement securities prior to the first settlement date |
• | Securities issued by U.S. territories (but debt issued by the District of Columbia is included) |
• | Taxable municipal securities |
• | Floating rate notes and variable rate demand obligations or notes |
• | Secondarily insured securities |
• | Custodial receipts |
• | Municipal commercial paper and auction-rate notes or bonds |
• | Private placements, 144A securities and securities issued under the Municipal Liquidity Facility |
• | Securities in legal default |
• | For each of the ICE AMT-Free US National Municipal Index and ICE Short Maturity AMT-Free US National Municipal Index, individual issuers are capped at 10% of the index, with any excess redistributed across the uncapped issuers of the index on a pro rata basis. For each of the ICE AMT-Free California Municipal Index and ICE AMT-Free New York Municipal Index, individual issuers are capped at 25% of the index, with any excess redistributed across the uncapped issuers of the index on a pro rata basis. |
• | After applying the caps in step 1, the index is segmented into a large cap group, consisting of issuers with index weights greater than or equal to 5%, and a small cap group consisting of issuers with less than 5% weight in the index. |
• | Issuer weights in the small cap group are capped at 4.5%, with any excess redistributed across the remaining uncapped issuers’ securities in the small cap group on a pro rata basis. |
• | For each of the ICE AMT-Free US National Municipal Index and ICE Short Maturity AMT-Free US National Municipal Index, if the combined weight of the large cap group is greater than 25% of the index, the weight of the group is reduced to 25%, with the weights of all issuers in the group reduced on a pro rata basis, provided no issuer is reduced below 5%. For each of the ICE AMT-Free California Municipal Index and ICE AMT-Free New York Municipal Index, if the |
combined weight of the large cap group is greater than 50% of the index, the weight of the group is reduced to 50%, with the weights of all issuers in the group reduced on a pro rata basis, provided no issuer is reduced below 5%. | |
• | Any excess weight resulting from the reduction of the large cap group weight in step 4 is redistributed across all issuers in the small cap group on a pro-rata basis, provided no issuer exceeds 4.5%. |
• | If all small cap issuers reach the 4.5% cap, any remaining excess weight is redistributed across all index issuers on a pro rata basis. |
1. | Concentrate its investments (i.e., invest 25% or more of its total assets in the securities of a particular industry or group of industries), except that a Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) each Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities; and (ii) each Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), each Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue any senior security, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
4. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate, real estate mortgages, commodities or commodity contracts, but this restriction shall not prevent each Fund from trading in futures contracts and options on futures contracts (including options on currencies to the extent consistent with each Fund’s investment objective and policies). (Notwithstanding the foregoing, the iShares Core U.S. Aggregate Bond ETF may purchase or sell MBS, commercial MBS and real estate mortgages.) |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that each Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
1. | Concentrate its investments (i.e., invest 25% or more of its total assets in the securities of a particular industry or group of industries), except that a Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) each Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities, and (ii) each Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), each Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue any senior security, except as permitted under the 1940 Act, as amended, and as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
4. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate unless acquired as a result of ownership of securities or other instruments (but this restriction shall not prevent each Fund from investing in securities of companies engaged in the real estate business or securities or other instruments backed by real estate or mortgages), or commodities or commodity contracts (but this restriction shall not prevent each Fund from trading in futures contracts and options on futures contracts, including options on currencies to the extent consistent with each Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that each Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
1. | Concentrate its investments in a particular industry, as that term is used in the 1940 Act, except that a Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of a particular industry or group of industries. |
2. | Borrow money, except as permitted under the 1940 Act. |
3. | Issue senior securities to the extent such issuance would violate the 1940 Act. |
4. | Purchase or hold real estate, except the Fund may purchase and hold securities or other instruments that are secured by, or linked to, real estate or interests therein, securities of REITs, mortgage-related securities and securities of issuers engaged in the real estate business, and the Fund may purchase and hold real estate as a result of the ownership of securities or other instruments. |
5. | Underwrite securities issued by others, except to the extent that the sale of portfolio securities by the Fund may be deemed to be an underwriting or as otherwise permitted by applicable law. |
6. | Purchase or sell commodities or commodity contracts, except as permitted by the 1940 Act. |
7. | Make loans to the extent prohibited by the 1940 Act. |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Robert S. Kapito1 (64) |
Trustee (since 2009). |
President, BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002). | Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Salim Ramji2 (50) |
Trustee (since 2019). | Senior Managing Director, BlackRock, Inc. (since 2014); Global Head of BlackRock’s ETF and Index Investments Business (since 2019); Head of BlackRock’s U.S. Wealth Advisory Business (2015-2019); Global Head of Corporate Strategy, BlackRock, Inc. (2014-2015); Senior Partner, McKinsey & Company (2010-2014). | Director of iShares, Inc. (since 2019); Trustee of iShares U.S. ETF Trust (since 2019). |
1 | Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
2 | Salim Ramji is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Cecilia H. Herbert (72) |
Trustee (since 2005); Independent Board Chair (since 2016). |
Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York's public media company (since 2011) and Member of the Audit Committee (since 2018) and Investment Committee (since 2011); Chair (1994-2005) and Member (since 1992) of the Investment Committee, Archdiocese of San Francisco; Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018); Director (1998-2013) and President (2007-2011) of the Board of Directors, Catholic Charities CYO; Trustee (2002-2011) and Chair of the Finance and Investment Committee (2006-2010) of the Thacher School; Director of the Senior Center of Jackson Hole (since 2020). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares, Inc. and iShares U.S. ETF Trust (since 2016); Trustee of Thrivent Church Loan and Income Fund (since 2019). | |||
Jane D. Carlin (65) |
Trustee (since 2015); Risk Committee Chair (since 2016). |
Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012). | Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016). | |||
Richard L. Fagnani (66) |
Trustee (since 2017); Audit Committee Chair (since 2019). |
Partner, KPMG LLP (2002-2016). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). | |||
John E. Kerrigan (65) |
Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2019). |
Chief Investment Officer, Santa Clara University (since 2002). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Drew E. Lawton (62) |
Trustee (since 2017); 15(c) Committee Chair (since 2017). |
Senior Managing Director of New York Life Insurance Company (2010-2015). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). | |||
John E. Martinez (60) |
Trustee (since 2003); Securities Lending Committee Chair (since 2019). |
Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016). | Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Madhav V. Rajan (56) |
Trustee (since 2011); Fixed Income Plus Committee Chair (since 2019). |
Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016). | Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years | ||
Armando Senra (50) |
President (since 2019). | Managing Director, BlackRock, Inc. (since 2007); Head of U.S., Canada and Latam iShares, BlackRock, Inc. (since 2019); Head of Latin America Region, BlackRock, Inc. (2006-2019); Managing Director, Bank of America Merrill Lynch (1994-2006). |
Name (Age) | Position | Principal Occupation(s) During the Past 5 Years | ||
Trent Walker (47) |
Treasurer and Chief Financial Officer (since 2020). |
Managing Director of BlackRock, Inc. (since September 2019); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds. | ||
Charles Park (53) |
Chief Compliance Officer (since 2006). | Chief Compliance Officer of BlackRock Advisors, LLC and the BlackRock-advised Funds in the Equity-Bond Complex, the Equity-Liquidity Complex and the Closed-End Complex (since 2014); Chief Compliance Officer of BFA (since 2006). | ||
Deepa Damre Smith (46) |
Secretary (since 2019). | Managing Director, BlackRock, Inc. (since 2014); Director, BlackRock, Inc. (2009-2013). | ||
Scott Radell (52) |
Executive Vice President (since 2012). |
Managing Director, BlackRock, Inc. (since 2009); Head of Portfolio Solutions, BlackRock, Inc. (since 2009). | ||
Alan Mason (60) |
Executive Vice President (since 2016). |
Managing Director, BlackRock, Inc. (since 2009). | ||
Marybeth Leithead (58) |
Executive Vice President (since 2019). |
Managing Director, BlackRock, Inc. (since 2017); Chief Operating Officer of Americas iShares (since 2017); Portfolio Manager, Municipal Institutional & Wealth Management (2009-2016). |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
Robert S. Kapito | None | None | None | |||
Salim Ramji | iShares Broad USD Investment Grade Corporate Bond ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Commodity Curve Carry Strategy ETF | $50,001-$100,000 | |||||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | $1-$10,000 | |||||
iShares Core S&P 500 ETF | $1-$10,000 | |||||
iShares Core S&P Mid-Cap ETF | Over $100,000 | |||||
iShares Core S&P Small-Cap ETF | $50,001-$100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $1-$10,000 | |||||
iShares Expanded Tech Sector ETF | $1-$10,000 | |||||
iShares Expanded Tech-Software Sector ETF | $1-$10,000 | |||||
iShares GSCI Commodity Dynamic Roll Strategy ETF | $10,001-$50,000 | |||||
iShares MSCI USA ESG Select ETF | $1-$10,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $1-$10,000 | |||||
iShares TIPS Bond ETF | $10,001-$50,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
Cecilia H. Herbert | iShares California Muni Bond ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core Dividend Growth ETF | $50,001-$100,000 | |||||
iShares Core MSCI Emerging Markets ETF | $1-$10,000 | |||||
iShares Core MSCI Total International Stock ETF | $10,001-$50,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P U.S. Growth ETF | Over $100,000 | |||||
iShares Core S&P U.S. Value ETF | Over $100,000 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | $10,001-$50,000 | |||||
iShares International Select Dividend ETF | $50,001-$100,000 | |||||
iShares MSCI EAFE ETF | $1-$10,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares MSCI USA Value Factor ETF | Over $100,000 | |||||
iShares National Muni Bond ETF | $10,001-$50,000 | |||||
iShares Preferred and Income Securities ETF | $10,001-$50,000 | |||||
Jane D. Carlin | iShares Core MSCI EAFE ETF | Over $100,000 | Over $100,000 | |||
iShares Core MSCI Emerging Markets ETF | $10,001-$50,000 | |||||
iShares Core S&P Mid-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Small-Cap ETF | Over $100,000 | |||||
iShares Core U.S. Aggregate Bond ETF | $50,001-$100,000 | |||||
iShares Global Tech ETF | $50,001-$100,000 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | Over $100,000 | |||||
iShares MSCI ACWI ETF | Over $100,000 | |||||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares MSCI EAFE Small-Cap ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets Small-Cap ETF | $10,001-$50,000 | |||||
iShares MSCI USA Min Vol Factor ETF | $50,001-$100,000 | |||||
iShares Select Dividend ETF | $10,001-$50,000 | |||||
Richard L. Fagnani | iShares Core Dividend Growth ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core MSCI EAFE ETF | $10,001-$50,000 | |||||
iShares Exponential Technologies ETF | $10,001-$50,000 | |||||
iShares Global Clean Energy ETF | $10,001-$50,000 | |||||
iShares MBS ETF | $10,001-$50,000 | |||||
iShares MSCI All Country Asia ex Japan ETF | $10,001-$50,000 | |||||
iShares MSCI EAFE Value ETF | $10,001-$50,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares MSCI Emerging Markets Multifactor ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets Small-Cap ETF | $10,001-$50,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares MSCI Singapore ETF | $10,001-$50,000 | |||||
iShares MSCI USA Equal Weighted ETF | $10,001-$50,000 | |||||
iShares MSCI USA Quality Factor ETF | $10,001-$50,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $10,001-$50,000 | |||||
iShares U.S. Infrastructure ETF | $10,001-$50,000 | |||||
John E. Kerrigan | iShares Core MSCI EAFE ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P Small-Cap ETF | $10,001-$50,000 | |||||
iShares ESG Advanced MSCI EAFE ETF | $1-$10,000 | |||||
iShares ESG Advanced MSCI USA ETF | $1-$10,000 | |||||
iShares ESG Aware MSCI EAFE ETF | $10,001-$50,000 | |||||
iShares ESG Aware MSCI EM ETF | Over $100,000 | |||||
iShares ESG Aware MSCI USA ETF | Over $100,000 | |||||
iShares ESG Aware MSCI USA Small-Cap ETF | $1-$10,000 | |||||
iShares Global Clean Energy ETF | Over $100,000 | |||||
iShares Global Infrastructure ETF | Over $100,000 | |||||
iShares Global Tech ETF | $50,001-$100,000 | |||||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares MSCI EAFE Growth ETF | Over $100,000 | |||||
iShares MSCI KLD 400 Social ETF | $10,001-$50,000 | |||||
iShares MSCI USA ESG Select ETF | $1-$10,000 | |||||
iShares MSCI USA Min Vol Factor ETF | $10,001-$50,000 | |||||
iShares MSCI USA Quality Factor ETF | $10,001-$50,000 | |||||
iShares MSCI USA Value Factor ETF | $50,001-$100,000 | |||||
iShares U.S. Medical Devices ETF | $10,001-$50,000 | |||||
Drew E. Lawton | BlackRock Short Maturity Bond ETF | Over $100,000 | Over $100,000 | |||
BlackRock Ultra Short-Term Bond ETF | Over $100,000 | |||||
iShares 0-5 Year High Yield Corporate Bond ETF | $50,001-$100,000 | |||||
iShares Biotechnology ETF | $50,001-$100,000 | |||||
iShares Core Dividend Growth ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | Over $100,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Core S&P Total U.S. Stock Market ETF | Over $100,000 | |||||
iShares Expanded Tech Sector ETF | Over $100,000 | |||||
iShares Exponential Technologies ETF | Over $100,000 | |||||
John E. Martinez | iShares 1-5 Year Investment Grade Corporate Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Core 5-10 Year USD Bond ETF | Over $100,000 | |||||
iShares Core International Aggregate Bond ETF | Over $100,000 | |||||
iShares Core MSCI International Developed Markets ETF | $10,001-$50,000 | |||||
iShares Global Consumer Staples ETF | Over $100,000 | |||||
iShares Russell 1000 ETF | Over $100,000 | |||||
iShares Russell 1000 Value ETF | Over $100,000 | |||||
iShares Russell 2000 ETF | Over $100,000 | |||||
Madhav V. Rajan | BlackRock Short Maturity Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Broad USD High Yield Corporate Bond ETF | Over $100,000 | |||||
iShares Mortgage Real Estate ETF | Over $100,000 | |||||
iShares Preferred and Income Securities ETF | Over $100,000 |
Name | iShares 0-3 Month Treasury Bond ETF1 |
iShares 1-3 Year Treasury Bond ETF |
iShares 1-5 Year Investment Grade Corporate Bond ETF |
iShares 3-7 Year Treasury Bond ETF | ||||
Independent Trustees: |
Name | iShares 0-3 Month Treasury Bond ETF1 |
iShares 1-3 Year Treasury Bond ETF |
iShares 1-5 Year Investment Grade Corporate Bond ETF |
iShares 3-7 Year Treasury Bond ETF | ||||
Jane D. Carlin | $331 | $8,313 | $9,188 | $5,006 | ||||
Richard L. Fagnani | 352 | 8,839 | 9,770 | 5,323 | ||||
Cecilia H. Herbert | 375 | 9,432 | 10,426 | 5,680 | ||||
John E. Kerrigan | 351 | 8,821 | 9,751 | 5,312 | ||||
Drew E. Lawton | 339 | 8,534 | 9,433 | 5,139 | ||||
John E. Martinez | 331 | 8,313 | 9,188 | 5,006 | ||||
Madhav V. Rajan | 331 | 8,313 | 9,188 | 5,006 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares 5-10 Year Investment Grade Corporate Bond ETF |
iShares 7-10 Year Treasury Bond ETF |
iShares 10+ Year Investment Grade Corporate Bond ETF |
iShares 10-20 Year Treasury Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $4,707 | $6,224 | $760 | $504 | ||||
Richard L. Fagnani | 5,005 | 6,618 | 808 | 536 | ||||
Cecilia H. Herbert | 5,341 | 7,062 | 862 | 572 | ||||
John E. Kerrigan | 4,995 | 6,604 | 806 | 535 | ||||
Drew E. Lawton | 4,832 | 6,389 | 780 | 517 | ||||
John E. Martinez | 4,707 | 6,224 | 760 | 504 | ||||
Madhav V. Rajan | 4,707 | 6,224 | 760 | 504 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares 20+ Year Treasury Bond ETF |
iShares 25+ Year Treasury STRIPS Bond ETF2 |
iShares Agency Bond ETF |
iShares Broad USD Investment Grade Corporate Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $6,293 | $13 | $354 | $2,471 | ||||
Richard L. Fagnani | 6,691 | 14 | 377 | 2,628 | ||||
Cecilia H. Herbert | 7,140 | 14 | 402 | 2,804 | ||||
John E. Kerrigan | 6,678 | 14 | 376 | 2,623 | ||||
Drew E. Lawton | 6,460 | 13 | 364 | 2,537 | ||||
John E. Martinez | 6,293 | 13 | 354 | 2,471 | ||||
Madhav V. Rajan | 6,293 | 13 | 354 | 2,471 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares California Muni Bond ETF |
iShares Core 5-10 Year USD Bond ETF |
iShares Core 10+ Year USD Bond ETF |
iShares Core U.S. Aggregate Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $768 | $56 | $197 | $36,988 | ||||
Richard L. Fagnani | 817 | 59 | 209 | 39,330 | ||||
Cecilia H. Herbert | 871 | 63 | 224 | 41,968 | ||||
John E. Kerrigan | 815 | 59 | 209 | 39,252 | ||||
Drew E. Lawton | 788 | 57 | 202 | 37,971 | ||||
John E. Martinez | 768 | 56 | 197 | 36,988 | ||||
Madhav V. Rajan | 768 | 56 | 197 | 36,988 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares ESG Advanced Total USD Bond Market ETF3 |
iShares ESG Aware 1-5 Year USD Corporate Bond ETF |
iShares ESG Aware U.S. Aggregate Bond ETF |
iShares ESG Aware USD Corporate Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $25 | $285 | $481 | $310 | ||||
Richard L. Fagnani | 26 | 303 | 512 | 330 | ||||
Cecilia H. Herbert | 28 | 323 | 546 | 352 | ||||
John E. Kerrigan | 26 | 302 | 511 | 329 | ||||
Drew E. Lawton | 25 | 293 | 494 | 318 | ||||
John E. Martinez | 25 | 285 | 481 | 310 | ||||
Madhav V. Rajan | 25 | 285 | 481 | 310 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Government/Credit Bond ETF |
iShares High Yield Bond Factor ETF |
iShares iBoxx $ High Yield Corporate Bond ETF |
iShares iBoxx $ Investment Grade Corporate Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $126 | $36 | $8,879 | $17,755 | ||||
Richard L. Fagnani | 134 | 38 | 9,441 | 18,879 | ||||
Cecilia H. Herbert | 143 | 41 | 10,075 | 20,145 | ||||
John E. Kerrigan | 134 | 38 | 9,422 | 18,841 | ||||
Drew E. Lawton | 130 | 37 | 9,115 | 18,227 | ||||
John E. Martinez | 126 | 36 | 8,879 | 17,755 | ||||
Madhav V. Rajan | 126 | 36 | 8,879 | 17,755 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares Intermediate Government/Credit Bond ETF |
iShares Investment Grade Bond Factor ETF |
iShares MBS ETF | iShares National Muni Bond ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $1,041 | $71 | $11,328 | $9,068 | ||||
Richard L. Fagnani | 1,107 | 76 | 12,045 | 9,642 | ||||
Cecilia H. Herbert | 1,181 | 81 | 12,853 | 10,289 | ||||
John E. Kerrigan | 1,104 | 76 | 12,021 | 9,623 | ||||
Drew E. Lawton | 1,068 | 73 | 11,629 | 9,309 | ||||
John E. Martinez | 1,041 | 71 | 11,328 | 9,068 | ||||
Madhav V. Rajan | 1,041 | 71 | 11,328 | 9,068 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares New York Muni Bond ETF |
iShares Short-Term National Muni Bond ETF |
iShares Short Treasury Bond ETF | |||
Independent Trustees: | ||||||
Jane D. Carlin | $223 | $1,926 | $6,945 | |||
Richard L. Fagnani | 237 | 2,048 | 7,385 | |||
Cecilia H. Herbert | 253 | 2,185 | 7,881 | |||
John E. Kerrigan | 237 | 2,044 | 7,371 | |||
Drew E. Lawton | 229 | 1,977 | 7,130 | |||
John E. Martinez | 223 | 1,926 | 6,945 | |||
Madhav V. Rajan | 223 | 1,926 | 6,945 | |||
Interested Trustees: | ||||||
Robert S. Kapito | $0 | $0 | $0 | |||
Salim Ramji | 0 | 0 | 0 |
Name | Pension or Retirement Benefits Accrued As Part of Trust Expenses4 |
Estimated Annual Benefits Upon Retirement4 |
Total Compensation From the Funds and Fund Complex5 | |||
Independent Trustees: | ||||||
Jane D. Carlin | Not Applicable | Not Applicable | $ 420,000 | |||
Richard L. Fagnani | Not Applicable | Not Applicable | 446,764 | |||
Cecilia H. Herbert | Not Applicable | Not Applicable | 475,000 | |||
John E. Kerrigan | Not Applicable | Not Applicable | 445,000 | |||
Drew E. Lawton | Not Applicable | Not Applicable | 431,764 | |||
John E. Martinez | Not Applicable | Not Applicable | 420,000 | |||
Madhav V. Rajan | Not Applicable | Not Applicable | 420,000 | |||
Interested Trustees: | ||||||
Robert S. Kapito | Not Applicable | Not Applicable | $0 |
Name | Pension or Retirement Benefits Accrued As Part of Trust Expenses4 |
Estimated Annual Benefits Upon Retirement4 |
Total Compensation From the Funds and Fund Complex5 | |||
Salim Ramji | Not Applicable | Not Applicable | 0 |
1 | Compensation is reported from the Fund’s inception to May 26, 2020. |
2 | Compensation is reported from the Fund’s inception to September 22, 2020. |
3 | Compensation is reported from the Fund’s inception to June 23, 2020. |
4 | No Trustee or officer is entitled to any pension or retirement benefits from the Trust. |
5 | Also includes compensation for service on the Board of Trustees of iShares U.S. ETF Trust and the Board of Directors of iShares, Inc. |
Fund | Name | Percentage of Ownership | ||
iShares 0-3 Month Treasury Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
81.50% | ||
iShares 1-3 Year Treasury Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
13.28% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
7.92% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.73% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
7.56% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.47% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
6.43% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.76% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
5.63% | |||
Fund | Name | Percentage of Ownership | ||
iShares 1-5 Year Investment Grade Corporate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
17.57% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.45% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
7.36% | |||
iShares 3-7 Year Treasury Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
14.16% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
12.61% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
9.97% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
7.69% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
6.31% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
5.95% | |||
J.P. Morgan Securities, LLC/JPMC 500 Stanton Christiana Road Newark, DE 19713 |
5.33% | |||
iShares 5-10 Year Investment Grade Corporate Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
15.81% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.79% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
11.65% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
9.14% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
5.58% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
5.49% |
Fund | Name | Percentage of Ownership | ||
iShares 7-10 Year Treasury Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
12.90% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.43% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
10.68% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
8.15% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.73% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
5.51% | |||
iShares 10+ Year Investment Grade Corporate Bond ETF | BlackRock Institutional Trust Company, N.A. 400 Howard Street San Francisco, CA 94105 |
27.25% | ||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
9.53% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
8.17% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
7.18% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
5.50% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
5.47% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.11% | |||
iShares 10-20 Year Treasury Bond ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
23.65% |
Fund | Name | Percentage of Ownership | ||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
9.43% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
6.79% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
6.47% | |||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
5.76% | |||
iShares 20+ Year Treasury Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.29% | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
9.93% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
7.75% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.54% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
6.52% | |||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
5.69% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
5.45% | |||
Mellon Trust of New England, National Association Three Mellon Bank Center Floor 1533700 Pittsburgh, PA 15259 |
5.29% | |||
iShares 25+ Year Treasury STRIPS Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
75.58% | ||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
14.86% | |||
Fund | Name | Percentage of Ownership | ||
iShares Agency Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
22.22% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
15.38% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
12.36% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
5.35% | |||
iShares Broad USD Investment Grade Corporate Bond ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
21.01% | ||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
20.96% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
7.94% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
6.29% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
5.06% | |||
iShares California Muni Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
39.68% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
14.90% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
8.44% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.86% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.29% | |||
Fund | Name | Percentage of Ownership | ||
iShares Core 5-10 Year USD Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
30.02% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
19.60% | |||
Raymond, James & Associates, Inc. 880 Carillon Parkway P.O. Box 12749 St. Petersburg, FL 33733 |
8.01% | |||
D.A. Davidson & Co. 9 3rd Street North Great Falls, MT 59403 |
7.85% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.79% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.27% | |||
iShares Core 10+ Year USD Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
17.75% | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
17.28% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
14.37% | |||
Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
13.08% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
8.96% | |||
iShares Core U.S. Aggregate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.86% | ||
Edward D. Jones & Co. 12555 Manchester Road Saint Louis, MO 63131 |
10.42% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
8.41% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.26% |
Fund | Name | Percentage of Ownership | ||
Wells Fargo Clearing Services LLC 2801 Market Street St Louis, MO 63103 |
6.75% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
5.82% | |||
Raymond, James & Associates, Inc. 880 Carillon Parkway P.O. Box 12749 St. Petersburg, FL 33733 |
5.25% | |||
iShares ESG Advanced Total USD Bond Market ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
54.27% | ||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
16.76% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
13.49% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
5.59% | |||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
20.41% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
17.71% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
13.56% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
7.69% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
6.61% | |||
iShares ESG Aware U.S. Aggregate Bond ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
28.82% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.55% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
11.49% |
Fund | Name | Percentage of Ownership | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.77% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
7.13% | |||
Goldman, Sachs & Co. 30 Hudson Street 16th Floor Jersey City, NJ 07302 |
6.86% | |||
iShares ESG Aware USD Corporate Bond ETF | Ameriprise Enterprise Investment Services, Inc. 901 3rd Avenue South Minneapolis, MN 55474 |
45.35% | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
13.75% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
9.82% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
8.53% | |||
iShares Government/Credit Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
19.61% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.34% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
10.75% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
7.91% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.68% | |||
iShares High Yield Bond Factor ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
36.71% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
24.57% |
Fund | Name | Percentage of Ownership | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
11.19% | |||
iShares iBoxx $ High Yield Corporate Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
10.89% | ||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
9.95% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
9.67% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
5.81% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
5.42% | |||
iShares iBoxx $ Investment Grade Corporate Bond ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
10.52% | ||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
9.98% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
8.77% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
8.28% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
6.53% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.98% | |||
JPMorgan Chase Bank, National Association 500 Stanton Christiana Road Newark, DE 19713 |
5.82% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
5.67% | |||
Fund | Name | Percentage of Ownership | ||
iShares Intermediate Government/Credit Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
17.60% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
11.48% | |||
Stifel, Nicolaus & Company Incorporated 501 N. Broadway St. Louis, MO 63102 |
6.61% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
6.27% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.91% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
5.67% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.41% | |||
KeyBank National Association 127 Public Square Cleveland, OH 44114 |
5.21% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
5.10% | |||
iShares Investment Grade Bond Factor ETF | TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
56.84% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
17.94% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
5.66% | |||
iShares MBS ETF | Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
30.73% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
11.37% |
Fund | Name | Percentage of Ownership | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
8.26% | |||
J.P. Morgan Securities, LLC/JPMC 500 Stanton Christiana Road Newark, DE 19713 |
7.35% | |||
iShares National Muni Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
16.88% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
14.25% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
7.36% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.29% | |||
iShares New York Muni Bond ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
21.82% | ||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
15.41% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
10.84% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
6.31% | |||
Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
5.50% | |||
iShares Short-Term National Muni Bond ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
17.38% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
14.52% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
6.46% |
Fund | Name | Percentage of Ownership | ||
SEI Private Trust Company/C/O GWP 1 Freedom Valley Drive Oaks, PA 19456 |
6.24% | |||
UBS Financial Services Inc. 1000 Harbor Blvd. Weehawken, NJ 07086 |
6.20% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
6.14% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
6.00% | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated - TS Sub 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.19% | |||
iShares Short Treasury Bond ETF | Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
35.83% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
9.91% | |||
Morgan Stanley Smith Barney LLC One New York Plaza New York, NY 10004 |
7.76% | |||
Apex Clearing Corporation One Dallas Center 350 M. St. Paul Suite 1300 Dallas, TX 75201 |
5.66% |
Fund | Management Fee |
Fund Inception Date |
Management Fees Paid Net of Waivers for Fiscal Year Ended February 28, 2021 |
Management Fees Paid Net of Waivers for Fiscal Year Ended February 29, 2020 |
Management Fees Paid Net of Waivers for Fiscal Year Ended February 28, 2019 | |||||
iShares 0-3 Month Treasury Bond ETF1 | 0.12% | 05/26/20 | $162,126 | N/A | N/A | |||||
iShares 1-3 Year Treasury Bond ETF | 0.15% | 07/22/02 | 32,106,936 | $27,203,599 | $22,390,413 | |||||
iShares 1-5 Year Investment Grade Corporate Bond ETF2, 3 | 0.06% | 01/05/07 | 10,705,449 | 7,161,508 | 9,812,498 | |||||
iShares 3-7 Year Treasury Bond ETF | 0.15% | 01/05/07 | 17,168,658 | 12,312,560 | 11,248,775 | |||||
iShares 5-10 Year Investment Grade Corporate Bond ETF4, 5 | 0.06% | 01/05/07 | 5,827,292 | 4,405,430 | 6,014,525 | |||||
iShares 7-10 Year Treasury Bond ETF | 0.15% | 07/22/02 | 28,670,072 | 25,057,814 | 14,043,473 | |||||
iShares 10+ Year Investment Grade Corporate Bond ETF6, 7 | 0.06% | 12/08/09 | 1,169,310 | 821,007 | 589,980 | |||||
iShares 10-20 Year Treasury Bond ETF | 0.15% | 01/05/07 | 1,958,386 | 1,604,008 | 969,243 | |||||
iShares 20+ Year Treasury Bond ETF | 0.15% | 07/22/02 | 27,770,333 | 23,317,479 | 11,891,664 | |||||
iShares 25+ Year Treasury STRIPS Bond ETF8 | 0.15% | 09/22/20 | 4,960 | N/A | N/A |
Fund | Management Fee |
Fund Inception Date |
Management Fees Paid Net of Waivers for Fiscal Year Ended February 28, 2021 |
Management Fees Paid Net of Waivers for Fiscal Year Ended February 29, 2020 |
Management Fees Paid Net of Waivers for Fiscal Year Ended February 28, 2019 | |||||
iShares Agency Bond ETF | 0.20% | 11/05/08 | 1,610,512 | 1,097,360 | 890,651 | |||||
iShares Broad USD Investment Grade Corporate Bond ETF9, 10 | 0.06% | 01/05/07 | 3,098,584 | 2,140,943 | 1,456,303 | |||||
iShares California Muni Bond ETF | 0.25% | 10/04/07 | 3,911,631 | 3,294,707 | 2,560,119 | |||||
iShares Core 5-10 Year USD Bond ETF11 | 0.06% | 11/01/16 | 57,076 | 38,240 | 20,821 | |||||
iShares Core 10+ Year USD Bond ETF | 0.06% | 12/08/09 | 241,944 | 179,158 | 128,199 | |||||
iShares Core U.S. Aggregate Bond ETF12, 13 | 0.04% | 09/22/03 | 26,526,094 | 29,892,747 | 24,520,617 | |||||
iShares ESG Advanced Total USD Bond Market ETF14 | 0.12% | 06/23/20 | 71,650 | N/A | N/A | |||||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | 0.12% | 07/11/17 | 468,841 | 157,596 | 48,884 | |||||
iShares ESG Aware U.S. Aggregate Bond ETF15 | 0.10% | 10/18/18 | 437,376 | 88,365 | 17,965 | |||||
iShares ESG Aware USD Corporate Bond ETF | 0.18% | 07/11/17 | 823,272 | 106,337 | 30,486 | |||||
iShares Government/Credit Bond ETF | 0.20% | 01/05/07 | 444,376 | 449,460 | 246,220 | |||||
iShares High Yield Bond Factor ETF | 0.35% | 07/11/17 | 144,014 | 95,106 | 53,810 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | 0.48% | 04/04/07 | 118,223,615 | 85,967,152 | 72,959,257 | |||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.14% | 07/22/02 | 72,561,952 | 49,932,021 | 46,920,280 | |||||
iShares Intermediate Government/Credit Bond ETF | 0.20% | 01/05/07 | 4,506,647 | 4,114,455 | 4,009,715 | |||||
iShares Investment Grade Bond Factor ETF | 0.18% | 07/11/17 | 256,032 | 167,005 | 93,328 | |||||
iShares MBS ETF16, 17 | 0.06% | 03/13/07 | 10,391,914 | 11,981,461 | 9,532,175 | |||||
iShares National Muni Bond ETF18, 19 | 0.07% | 09/07/07 | 12,577,499 | 9,735,281 | 11,118,956 | |||||
iShares New York Muni Bond ETF | 0.25% | 10/04/07 | 1,176,607 | 1,035,392 | 773,951 | |||||
iShares Short-Term National Muni Bond ETF20, 21 | 0.07% | 11/05/08 | 2,497,984 | 1,730,249 | 1,897,351 | |||||
iShares Short Treasury Bond ETF22,23 | 0.15% | 01/05/07 | 31,357,144 | 32,575,354 | 23,400,691 |
1 | Effective September 30, 2020, for the iShares 0-3 Month Treasury Bond ETF, BFA has contractually agreed to waive a portion of its management fee so that the Fund’s total annual fund operating expenses after the fee waiver will not exceed 0.03% through June 30, 2022. The contractual waiver may be terminated prior to June 30, 2022 only upon written agreement of the Trust and BFA. Prior to September 30, 2020, BFA had contractually agreed to waive a portion of its management fee so that the Fund's total annual fund operating expenses after the fee waiver would not exceed 0.07%. The contractual waiver was discontinued as of September 30, 2020, by written agreement of the Trust and BFA. BFA may from time to time voluntarily waive and/or reimburse fees or expenses in order to limit total annual fund operating expenses (excluding acquired fund fees and expenses, if any). Any voluntary waiver or reimbursement implemented by BFA may be eliminated by BFA at any time. Prior to September 30, 2020, BFA had implemented a voluntary fee waiver at an annual rate of four basis points. As of September 30, 2020, the voluntary waiver is no longer in effect. For the fiscal year ended February 28, 2021, BFA waived $557,585 of management fees. |
2 | For the iShares 1-5 Year Investment Grade Corporate Bond ETF, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.06% effective June 1, 2018 through May 30, 2023. The contractual waiver was discontinued as of June 26, 2018, by written agreement of the Trust and BFA. For the fiscal year ended February 28, 2019, BFA waived $991,409 of management fees. |
3 | Effective June 26, 2018, the management fee for the iShares 1-5 Year Investment Grade Corporate Bond ETF is 0.06%. Prior to June 26, 2018, the management fee for the iShares 5-10 Year Investment Grade Corporate Bond ETF was 0.20%. |
4 | For the iShares 5-10 Year Investment Grade Corporate Bond ETF, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.06% effective June 1, 2018 through May 30, 2023. The contractual waiver was discontinued as of June 26, 2018, by written agreement of the Trust and BFA. For the fiscal year ended February 28, 2019, BFA waived $633,342 of management fees. |
5 | Effective June 26, 2018, the management fee for the iShares 5-10 Year Investment Grade Corporate Bond ETF is 0.06%. Prior to June 26, 2018, the management fee for the iShares 5-10 Year Investment Grade Corporate Bond ETF was 0.20%. |
6 | For the iShares 10+ Year Investment Grade Corporate Bond ETF, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.06% effective June 1, 2018 through May 30, 2023. The contractual waiver was discontinued as of June 26, 2018, by written agreement of the Trust and BFA. For the fiscal year ended February 28, 2019, BFA waived $58,784 of management fees. |
7 | Effective June 26, 2018, the management fee for the iShares 10+ Year Investment Grade Corporate Bond ETF is 0.06%. Prior to June 26, 2018, the management fee for the iShares 10+ Year Investment Grade Corporate Bond ETF was 0.20%. |
8 | For the iShares 25+ Year Treasury STRIPS Bond ETF, BFA has contractually agreed to waive a portion of its management fee so that the Fund’s total annual fund operating expenses after the fee waiver will not exceed 0.07% through September 30, 2021. The contractual waiver may be terminated prior to September 30, 2021 only upon written agreement of the Trust and BFA. In addition, BFA may from time to time voluntarily waive and/or reimburse fees or expenses in order to limit total annual fund operating expenses (excluding acquired fund fees and expenses, if any). Effective May 20, 2021, BFA has elected to implement a voluntary fee waiver in order to limit the Fund’s total annual operating expenses after fee waiver to four basis points and currently intends to keep such voluntary fee waiver for the Fund in place through June 30, 2022. Any voluntary waiver or reimbursement implemented by BFA may be eliminated by BFA at any time. For the fiscal year ended February 28, 2021, BFA waived $5,669 of management fees. |
9 | For the iShares Broad USD Investment Grade Corporate Bond ETF, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.06% effective June 1, 2018 through May 30, 2023. The contractual waiver was discontinued as of June 26, 2018, by written agreement of the Trust and BFA. For the fiscal year ended February 28, 2019, BFA waived $93,301 of management fees. |
10 | Effective April 1, 2021, the management fee for the iShares Broad USD Investment Grade Corporate Bond ETF is 0.04%. From June 26, 2018 to March 31, 2021, the management fee for the iShares Broad USD Investment Grade Corporate Bond ETF was 0.06%. Prior to June 26, 2018, the management fee for the iShares Broad USD Investment Grade Corporate Bond ETF was 0.15%. |
11 | For the iShares Core 5-10 Year USD Bond ETF, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the acquired fund fees and expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates, through February 28, 2026. The contractual waiver may be terminated prior to February 28, 2026 only upon written agreement of the Trust and BFA. For the fiscal years ended February 28, 2021, February 29, 2020 and February 28, 2019, BFA waived $18,174, $12,130 and $8,907 of management fees, respectively. |
12 | For the iShares Core U.S. Aggregate Bond ETF, BFA has contractually agreed to waive a portion of its management fees in an amount equal to acquired fund fees and expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates, through June 30, 2026. The contractual waiver may be terminated prior to June 30, 2026 only upon written agreement of the Trust and BFA. For the fiscal years ended February 28, 2021, February 29, 2020 and February 28, 2019, BFA waived $5,419,096, $2,632,257 and $3,192,260 of management fees, respectively. |
13 | Effective March 27, 2020, the management fee for the iShares Core U.S. Aggregate Bond ETF is 0.04%. Prior to March 27, 2020, the management fee for the iShares Core U.S. Aggregate Bond ETF was 0.05%. |
14 | For the iShares ESG Advanced Total USD Bond Market ETF, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates, through June 30, 2025. The contractual waiver may be terminated prior to June 30, 2025 only upon written agreement of the Trust and BFA. For the fiscal year ended February 28, 2021, BFA waived $9,318 of management fees. |
15 | For the iShares ESG Aware U.S. Aggregate Bond ETF, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the acquired fund fees and expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates, through June 30, 2024. The contractual waiver may be terminated prior to June 30, 2024 only upon written agreement of the Trust and BFA. For the fiscal years ended February 28, 2021, February 29, 2020 and February 28, 2019, BFA waived $84,769, $11,106 and $2,171 of management fees, respectively. |
16 | Effective December 13, 2019, the management fee for the iShares MBS ETF is 0.06%. From June 20, 2019 to December 12, 2019, the management fee for the iShares MBS ETF was 0.07%. Prior to June 20, 2019, the management fee for the iShares MBS ETF was 0.09%. |
17 | Effective December 13, 2019, for the iShares MBS ETF, BFA has contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.06% through February 29, 2024. The contractual waiver may be terminated prior to February 29, 2024 only upon written agreement of the Trust and BFA. BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.07% through February 29, 2024 effective June 20, 2019 through December 12, 2019. BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.09% through February 28, 2023 effective July 13, 2017 through June 19, 2019. For the fiscal years ended February 28, 2021, February 29, 2020 and February 28, 2019, BFA waived $2,679,408, $1,082,076 and $1,170,259 of management fees, respectively. |
18 | For the iShares National Muni Bond ETF, BFA has contractually agreed to waive a portion of its management fees in an amount equal to acquired fund fees and expenses, if any, attributable to investments by the Fund in other series of iShares Trust and iShares, Inc. through June 30, 2026. The contractual waiver may be terminated prior to June 30, 2026 only upon written agreement of the Trust and BFA. BFA contractually agreed to waive its management fee by an additional amount such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.07% effective June 1, 2018 through May 30, 2023. The contractual waiver was discontinued as of June 26, 2018, by written agreement of the Trust and BFA. For the fiscal years ended February 28, 2021, February 29, 2020 and February 28, 2019, BFA waived $0, $0 and $1,159,422 of management fees, respectively. |
19 | Effective June 26, 2018, the management fee for the iShares National Muni Bond ETF is 0.07%. Prior to June 26, 2018, the management fee for the iShares National Muni Bond ETF was 0.25%. |
20 | For the iShares Short-Term National Muni Bond ETF, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.07% effective June 1, 2018 through May 30, 2023. The contractual waiver was discontinued as of June 26, 2018, by written agreement of the Trust and BFA. For the fiscal year ended February 28, 2019, BFA waived $191,036 of management fees. |
21 | Effective June 26, 2018, the management fee for the iShares Short-Term National Muni Bond ETF is 0.07%. Prior to June 26, 2018, the management fee for the iShares Short-Term National Muni Bond ETF was 0.25%. |
22 | For the iShares Short Treasury Bond ETF, for the fiscal years ended February 29, 2020 and February 28, 2019, BFA waived $0 and $0 of its management fees, respectively. The voluntary waiver was discontinued beginning on June 15, 2020. |
23 | Effective October 20, 2021, for the iShares Short Treasury Bond ETF, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other funds advised by BFA or its affiliates through June 30, 2026. The contractual waiver may be terminated prior to June 30, 2026 only upon written agreement of the Trust and BFA. |
James Mauro | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 71 | $132,648,000,000 | ||
Other Pooled Investment Vehicles | 31 | 129,145,000,000 | ||
Other Accounts | 23 | 22,941,000,000 |
Scott Radell* | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 78 | $136,565,000,000 | ||
Other Pooled Investment Vehicles | 26 | 31,047,000,000 | ||
Other Accounts | 8 | 3,566,000,000 |
* | Portfolio Manager for iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares ESG Aware U.S. Aggregate Bond ETF, iShares ESG Aware USD Corporate Bond ETF, iShares High Yield Bond Factor ETF and iShares Investment Grade Bond Factor ETF only. |
Karen Uyehara* | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 18 | $83,926,000,000 | ||
Other Pooled Investment Vehicles | 36 | 100,613,000,000 | ||
Other Accounts | 35 | 71,606,000,000 |
* | Portfolio Manager for all Funds except iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares ESG Aware U.S. Aggregate Bond ETF, iShares ESG Aware USD Corporate Bond ETF, iShares High Yield Bond Factor ETF and iShares Investment Grade Bond Factor ETF. |
James Mauro | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Scott Radell* | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
* | Portfolio Manager for iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares ESG Aware U.S. Aggregate Bond ETF, iShares ESG Aware USD Corporate Bond ETF, iShares High Yield Bond Factor ETF and iShares Investment Grade Bond Factor ETF only. |
Karen Uyehara* | ||||
Types of Accounts | Number of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
* | Portfolio Manager for all Funds except iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares ESG Aware U.S. Aggregate Bond ETF, iShares ESG Aware USD Corporate Bond ETF, iShares High Yield Bond Factor ETF and iShares Investment Grade Bond Factor ETF. |
James Mauro | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares 0-3 Month Treasury Bond ETF | X | ||||||||||||||
iShares 1-3 Year Treasury Bond ETF | X | ||||||||||||||
iShares 1-5 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 3-7 Year Treasury Bond ETF | X | ||||||||||||||
iShares 5-10 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 7-10 Year Treasury Bond ETF | X | ||||||||||||||
iShares 10+ Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 10-20 Year Treasury Bond ETF | X | ||||||||||||||
iShares 20+ Year Treasury Bond ETF | X | ||||||||||||||
iShares 25+ Year Treasury STRIPS Bond ETF | X | ||||||||||||||
iShares Agency Bond ETF | X | ||||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares California Muni Bond ETF | X | ||||||||||||||
iShares Core 5-10 Year USD Bond ETF | X | ||||||||||||||
iShares Core 10+ Year USD Bond ETF | X | ||||||||||||||
iShares Core U.S. Aggregate Bond ETF | X |
James Mauro | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares ESG Advanced Total USD Bond Market ETF | X | ||||||||||||||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | X | ||||||||||||||
iShares ESG Aware U.S. Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Aware USD Corporate Bond ETF | X | ||||||||||||||
iShares Government/Credit Bond ETF | X | ||||||||||||||
iShares High Yield Bond Factor ETF | X | ||||||||||||||
iShares iBoxx $ High Yield Corporate Bond ETF | X | ||||||||||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares Intermediate Government/Credit Bond ETF | X | ||||||||||||||
iShares Investment Grade Bond Factor ETF | X | ||||||||||||||
iShares MBS ETF | X | ||||||||||||||
iShares National Muni Bond ETF | X | ||||||||||||||
iShares New York Muni Bond ETF | X | ||||||||||||||
iShares Short-Term National Muni Bond ETF | X | ||||||||||||||
iShares Short Treasury Bond ETF | X |
Scott Radell | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares 0-3 Month Treasury Bond ETF | X | ||||||||||||||
iShares 1-3 Year Treasury Bond ETF | X | ||||||||||||||
iShares 1-5 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 3-7 Year Treasury Bond ETF | X | ||||||||||||||
iShares 5-10 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 7-10 Year Treasury Bond ETF | X | ||||||||||||||
iShares 10+ Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 10-20 Year Treasury Bond ETF | X | ||||||||||||||
iShares 20+ Year Treasury Bond ETF | X | ||||||||||||||
iShares 25+ Year Treasury STRIPS Bond ETF | X | ||||||||||||||
iShares Agency Bond ETF | X | ||||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares California Muni Bond ETF | X | ||||||||||||||
iShares Core 5-10 Year USD Bond ETF | X | ||||||||||||||
iShares Core 10+ Year USD Bond ETF | X | ||||||||||||||
iShares Core U.S. Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Advanced Total USD Bond Market ETF | X |
Scott Radell | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | X | ||||||||||||||
iShares ESG Aware U.S. Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Aware USD Corporate Bond ETF | X | ||||||||||||||
iShares Government/Credit Bond ETF | X | ||||||||||||||
iShares High Yield Bond Factor ETF | X | ||||||||||||||
iShares iBoxx $ High Yield Corporate Bond ETF | X | ||||||||||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares Intermediate Government/Credit Bond ETF | X | ||||||||||||||
iShares Investment Grade Bond Factor ETF | X | ||||||||||||||
iShares MBS ETF | X | ||||||||||||||
iShares National Muni Bond ETF | X | ||||||||||||||
iShares New York Muni Bond ETF | X | ||||||||||||||
iShares Short-Term National Muni Bond ETF | X | ||||||||||||||
iShares Short Treasury Bond ETF | X |
Karen Uyehara | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares 0-3 Month Treasury Bond ETF | X | ||||||||||||||
iShares 1-3 Year Treasury Bond ETF | X | ||||||||||||||
iShares 1-5 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 3-7 Year Treasury Bond ETF | X | ||||||||||||||
iShares 5-10 Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 7-10 Year Treasury Bond ETF | X | ||||||||||||||
iShares 10+ Year Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares 10-20 Year Treasury Bond ETF | X | ||||||||||||||
iShares 20+ Year Treasury Bond ETF | X | ||||||||||||||
iShares 25+ Year Treasury STRIPS Bond ETF | X | ||||||||||||||
iShares Agency Bond ETF | X | ||||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares California Muni Bond ETF | X | ||||||||||||||
iShares Core 5-10 Year USD Bond ETF | X | ||||||||||||||
iShares Core 10+ Year USD Bond ETF | X | ||||||||||||||
iShares Core U.S. Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Advanced Total USD Bond Market ETF | X | ||||||||||||||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | X |
Karen Uyehara | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares ESG Aware U.S. Aggregate Bond ETF | X | ||||||||||||||
iShares ESG Aware USD Corporate Bond ETF | X | ||||||||||||||
iShares Government/Credit Bond ETF | X | ||||||||||||||
iShares High Yield Bond Factor ETF | X | ||||||||||||||
iShares iBoxx $ High Yield Corporate Bond ETF | X | ||||||||||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | X | ||||||||||||||
iShares Intermediate Government/Credit Bond ETF | X | ||||||||||||||
iShares Investment Grade Bond Factor ETF | X | ||||||||||||||
iShares MBS ETF | X | ||||||||||||||
iShares National Muni Bond ETF | X | ||||||||||||||
iShares New York Muni Bond ETF | X | ||||||||||||||
iShares Short-Term National Muni Bond ETF | X | ||||||||||||||
iShares Short Treasury Bond ETF | X |
Fund | Fund Inception Date | Administration, Custodian & Transfer Agency Expenses Paid During Fiscal Year Ended February 28, 2021 |
Administration, Custodian & Transfer Agency Expenses Paid During Fiscal Year Ended February 29, 2020 |
Administration, Custodian & Transfer Agency Expenses Paid During Fiscal Year Ended February 28, 2019 | ||||
iShares 0-3 Month Treasury Bond ETF | 05/26/20 | $ 18,453 | N/A | N/A | ||||
iShares 1-3 Year Treasury Bond ETF | 07/22/02 | 293,086 | $254,730 | $207,237 | ||||
iShares 1-5 Year Investment Grade Corporate Bond ETF | 01/05/07 | 259,137 | 155,480 | 135,882 | ||||
iShares 3-7 Year Treasury Bond ETF | 01/05/07 | 157,721 | 118,004 | 109,221 | ||||
iShares 5-10 Year Investment Grade Corporate Bond ETF | 01/05/07 | 147,375 | 111,040 | 95,534 | ||||
iShares 7-10 Year Treasury Bond ETF | 07/22/02 | 259,581 | 231,727 | 132,149 | ||||
iShares 10+ Year Investment Grade Corporate Bond ETF | 12/08/09 | 36,954 | 29,045 | 21,211 | ||||
iShares 10-20 Year Treasury Bond ETF | 01/05/07 | 28,196 | 26,006 | 20,429 | ||||
iShares 20+ Year Treasury Bond ETF | 07/22/02 | 251,775 | 216,528 | 114,635 | ||||
iShares 25+ Year Treasury STRIPS Bond ETF | 09/22/20 | 8,110 | N/A | N/A | ||||
iShares Agency Bond ETF | 11/05/08 | 25,162 | 21,925 | 18,958 | ||||
iShares Broad USD Investment Grade Corporate Bond ETF | 01/05/07 | 81,315 | 54,985 | 33,524 | ||||
iShares California Muni Bond ETF | 10/04/07 | 30,586 | 28,578 | 20,084 | ||||
iShares Core 5-10 Year USD Bond ETF | 11/01/16 | 53,340 | 48,814 | 46,487 | ||||
iShares Core 10+ Year USD Bond ETF | 12/08/09 | 24,041 | 21,538 | 18,065 | ||||
iShares Core U.S. Aggregate Bond ETF | 09/22/03 | 1,101,230 | 892,266 | 797,471 | ||||
iShares ESG Advanced Total USD Bond Market ETF | 06/23/20 | 34,188 | N/A | N/A | ||||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | 07/11/17 | 21,850 | 18,937 | 15,823 | ||||
iShares ESG Aware U.S. Aggregate Bond ETF | 10/18/18 | 27,685 | 33,033 | 13,136 | ||||
iShares ESG Aware USD Corporate Bond ETF | 07/11/17 | 23,974 | 18,407 | 15,224 | ||||
iShares Government/Credit Bond ETF | 01/05/07 | 21,031 | 20,178 | 17,229 | ||||
iShares High Yield Bond Factor ETF | 07/11/17 | 18,621 | 19,229 | 16,094 | ||||
iShares iBoxx $ High Yield Corporate Bond ETF | 04/04/07 | 327,838 | 157,481 | 136,601 | ||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | 07/22/02 | 681,410 | 447,603 | 396,097 | ||||
iShares Intermediate Government/Credit Bond ETF | 01/05/07 | 40,864 | 36,208 | 34,110 | ||||
iShares Investment Grade Bond Factor ETF | 07/11/17 | 23,273 | 22,456 | 20,559 | ||||
iShares MBS ETF | 03/13/07 | 366,128 | 306,162 | 243,946 | ||||
iShares National Muni Bond ETF | 09/07/07 | 248,725 | 184,212 | 138,197 | ||||
iShares New York Muni Bond ETF | 10/04/07 | 21,220 | 20,656 | 13,140 | ||||
iShares Short-Term National Muni Bond ETF | 11/05/08 | 63,452 | 41,223 | 25,945 | ||||
iShares Short Treasury Bond ETF | 01/05/07 | 262,116 | 87,648 | 208,527 |
Fund | iShares 0-3 Month Treasury Bond ETF |
iShares 1-3 Year Treasury Bond ETF |
iShares 1-5 Year Investment Grade Corporate Bond ETF |
iShares 3-7 Year Treasury Bond ETF |
Gross income from securities lending activities |
$1,151 | $209,781 | $4,522,238 | $102,542 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
154 | 17,069 | 689,392 | 12,125 |
Cash collateral management expenses not included in securities lending income paid to BTC |
165 | 36,430 | 303,642 | 13,519 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
57 | 19,676 | 387,782 | 5,395 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Fund | iShares 0-3 Month Treasury Bond ETF |
iShares 1-3 Year Treasury Bond ETF |
iShares 1-5 Year Investment Grade Corporate Bond ETF |
iShares 3-7 Year Treasury Bond ETF |
Aggregate fees/compensation for securities lending activities |
$376 | $73,175 | $1,380,816 | $31,039 |
Net income from securities lending activities |
$775 | $136,606 | $3,141,422 | $71,503 |
Fund | iShares 5-10 Year Investment Grade Corporate Bond ETF |
iShares 7-10 Year Treasury Bond ETF |
iShares 10+ Year Investment Grade Corporate Bond ETF |
iShares 10-20 Year Treasury Bond ETF |
Gross income from securities lending activities |
$4,380,637 | $1,218,676 | $723,291 | $130,425 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
659,179 | 122,859 | 108,870 | 14,870 |
Cash collateral management expenses not included in securities lending income paid to BTC |
269,136 | 197,514 | 45,940 | 18,766 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
449,085 | 75,593 | 72,355 | 10,542 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$1,377,400 | $395,966 | $227,165 | $44,178 |
Net income from securities lending activities |
$3,003,237 | $822,710 | $496,126 | $86,247 |
Fund | iShares 20+ Year Treasury Bond ETF |
iShares 25+ Year Treasury STRIPS Bond ETF |
iShares Agency Bond ETF |
iShares Broad USD Investment Grade Corporate Bond ETF |
Gross income from securities lending activities |
$90,343 | N/A | $967 | $2,164,625 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
6,404 | N/A | 93 | 327,819 |
Cash collateral management expenses not included in securities lending income paid to BTC |
15,704 | N/A | 166 | 139,574 |
Administrative fees not included in securities lending income paid to BTC |
0 | N/A | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | N/A | 0 | 0 |
Rebates (paid to borrowers) |
11,914 | N/A | 501 | 203,492 |
Other fees not included in securities lending income paid to BTC |
0 | N/A | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$34,022 | N/A | $760 | $670,885 |
Net income from securities lending activities |
$56,321 | N/A | $207 | $1,493,740 |
Fund | iShares California Muni Bond ETF |
iShares Core 5-10 Year USD Bond ETF |
iShares Core 10+ Year USD Bond ETF |
iShares Core U.S. Aggregate Bond ETF |
Gross income from securities lending activities |
N/A | $4,516 | $32,571 | $2,168,521 |
Fees and/or compensation for securities lending activities and related services |
Fund | iShares California Muni Bond ETF |
iShares Core 5-10 Year USD Bond ETF |
iShares Core 10+ Year USD Bond ETF |
iShares Core U.S. Aggregate Bond ETF |
Securities lending income paid to BTC for services as securities lending agent |
N/A | 678 | 5,149 | 296,847 |
Cash collateral management expenses not included in securities lending income paid to BTC |
N/A | 257 | 1,702 | 204,227 |
Administrative fees not included in securities lending income paid to BTC |
N/A | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
N/A | 0 | 0 | 0 |
Rebates (paid to borrowers) |
N/A | 400 | 2,070 | 235,495 |
Other fees not included in securities lending income paid to BTC |
N/A | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
N/A | $1,335 | $8,921 | $736,569 |
Net income from securities lending activities |
N/A | $3,181 | $23,650 | $1,431,952 |
Fund | iShares ESG Advanced Total USD Bond Market ETF |
iShares ESG Aware1-5 Year USD Corporate Bond ETF |
iShares ESG Aware U.S. Aggregate Bond ETF |
iShares ESG Aware USD Corporate Bond ETF |
Gross income from securities lending activities |
$580 | $75,538 | $11,456 | $84,277 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
79 | 11,622 | 971 | 13,147 |
Fund | iShares ESG Advanced Total USD Bond Market ETF |
iShares ESG Aware1-5 Year USD Corporate Bond ETF |
iShares ESG Aware U.S. Aggregate Bond ETF |
iShares ESG Aware USD Corporate Bond ETF |
Cash collateral management expenses not included in securities lending income paid to BTC |
73 | 5,270 | 1,919 | 7,479 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
15 | 5,683 | 1,119 | 3,759 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$167 | $22,575 | $4,009 | $24,385 |
Net income from securities lending activities |
$413 | $52,963 | $7,447 | $59,892 |
Fund | iShares Government/Credit Bond ETF |
iShares High Yield Bond Factor ETF |
iShares iBoxx $ High Yield Corporate Bond ETF |
iShares iBoxx $ Investment Grade Corporate Bond ETF |
Gross income from securities lending activities |
$10,853 | $29,935 | $15,241,698 | $13,556,919 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
1,319 | 4,632 | 2,433,613 | 2,064,654 |
Cash collateral management expenses not included in securities lending income paid to BTC |
1,190 | 1,565 | 851,118 | 832,886 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Fund | iShares Government/Credit Bond ETF |
iShares High Yield Bond Factor ETF |
iShares iBoxx $ High Yield Corporate Bond ETF |
iShares iBoxx $ Investment Grade Corporate Bond ETF |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
1,176 | 2,639 | 870,501 | 1,251,186 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$3,685 | $8,836 | $4,155,232 | $4,148,726 |
Net income from securities lending activities |
$7,168 | $21,099 | $11,086,466 | $9,408,193 |
Fund | iShares Intermediate Government/Credit Bond ETF |
iShares Investment Grade Bond Factor ETF |
iShares MBS ETF | iShares National Muni Bond ETF |
Gross income from securities lending activities |
$84,652 | $24,469 | N/A | N/A |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
12,376 | 3,705 | N/A | N/A |
Cash collateral management expenses not included in securities lending income paid to BTC |
6,277 | 1,653 | N/A | N/A |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | N/A | N/A |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | N/A | N/A |
Rebates (paid to borrowers) |
7,725 | 2,229 | N/A | N/A |
Fund | iShares Intermediate Government/Credit Bond ETF |
iShares Investment Grade Bond Factor ETF |
iShares MBS ETF | iShares National Muni Bond ETF |
Other fees not included in securities lending income paid to BTC |
0 | 0 | N/A | N/A |
Aggregate fees/compensation for securities lending activities |
$26,378 | $7,587 | N/A | N/A |
Net income from securities lending activities |
$58,274 | $16,882 | N/A | N/A |
Fund | iShares New York Muni Bond ETF |
iShares Short-Term National Muni Bond ETF |
iShares Short Treasury Bond ETF |
Gross income from securities lending activities |
N/A | N/A | $4,119,795 |
Fees and/or compensation for securities lending activities and related services |
|||
Securities lending income paid to BTC for services as securities lending agent |
N/A | N/A | 483,361 |
Cash collateral management expenses not included in securities lending income paid to BTC |
N/A | N/A | 413,310 |
Administrative fees not included in securities lending income paid to BTC |
N/A | N/A | 0 |
Indemnification fees not included in securities lending income paid to BTC |
N/A | N/A | 0 |
Rebates (paid to borrowers) |
N/A | N/A | 783,244 |
Other fees not included in securities lending income paid to BTC |
N/A | N/A | 0 |
Aggregate fees/compensation for securities lending activities |
N/A | N/A | $1,679,915 |
Fund | iShares New York Muni Bond ETF |
iShares Short-Term National Muni Bond ETF |
iShares Short Treasury Bond ETF |
Net income from securities lending activities |
N/A | N/A | $2,439,880 |
Fund | Fund Inception Date |
Brokerage Commissions Paid During Fiscal Year Ended Feb. 28, 2021 |
Brokerage Commissions Paid During Fiscal Year Ended Feb. 29, 2020 |
Brokerage Commissions Paid During Fiscal Year Ended Feb. 28, 2019 | ||||
iShares 0-3 Month Treasury Bond ETF | 05/26/20 | $0 | N/A | N/A | ||||
iShares 1-3 Year Treasury Bond ETF | 07/22/02 | 0 | $0 | $0 | ||||
iShares 1-5 Year Investment Grade Corporate Bond ETF | 01/05/07 | 0 | 0 | 19,483 | ||||
iShares 3-7 Year Treasury Bond ETF | 01/05/07 | 0 | 0 | 0 | ||||
iShares 5-10 Year Investment Grade Corporate Bond ETF | 01/05/07 | 0 | 0 | 17,201 | ||||
iShares 7-10 Year Treasury Bond ETF | 07/22/02 | 0 | 0 | 0 | ||||
iShares 10+ Year Investment Grade Corporate Bond ETF | 12/08/09 | 0 | 0 | 267 | ||||
iShares 10-20 Year Treasury Bond ETF | 01/05/07 | 0 | 0 | 0 | ||||
iShares 20+ Year Treasury Bond ETF | 07/22/02 | 0 | 0 | 0 | ||||
iShares 25+ Year Treasury STRIPS Bond ETF | 09/22/20 | 0 | N/A | N/A | ||||
iShares Agency Bond ETF | 11/05/08 | 0 | 0 | 0 | ||||
iShares Broad USD Investment Grade Corporate Bond ETF | 01/05/07 | 0 | 0 | 0 | ||||
iShares California Muni Bond ETF | 10/04/07 | 0 | 0 | 0 | ||||
iShares Core 5-10 Year USD Bond ETF | 11/01/16 | 4 | 0 | 0 | ||||
iShares Core 10+ Year USD Bond ETF | 12/08/09 | 0 | 0 | 0 | ||||
iShares Core U.S. Aggregate Bond ETF | 09/22/03 | 0 | 0 | 0 | ||||
iShares ESG Advanced Total USD Bond Market ETF | 06/23/20 | 0 | N/A | N/A | ||||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | 07/11/17 | 0 | 0 | 0 | ||||
iShares ESG Aware U.S. Aggregate Bond ETF | 10/18/18 | 0 | 0 | 0 | ||||
iShares ESG Aware USD Corporate Bond ETF | 07/11/17 | 0 | 0 | 0 | ||||
iShares Government/Credit Bond ETF | 01/05/07 | 0 | 0 | 0 | ||||
iShares High Yield Bond Factor ETF | 07/11/17 | 0 | 0 | 0 | ||||
iShares iBoxx $ High Yield Corporate Bond ETF | 04/04/07 | 5,494 | 0 | 3,737 | ||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | 07/22/02 | 0 | 0 | 2,822 | ||||
iShares Intermediate Government/Credit Bond ETF | 01/05/07 | 0 | 0 | 0 |
Fund | Fund Inception Date |
Brokerage Commissions Paid During Fiscal Year Ended Feb. 28, 2021 |
Brokerage Commissions Paid During Fiscal Year Ended Feb. 29, 2020 |
Brokerage Commissions Paid During Fiscal Year Ended Feb. 28, 2019 | ||||
iShares Investment Grade Bond Factor ETF | 07/11/17 | 0 | 0 | 2 | ||||
iShares MBS ETF | 03/13/07 | 0 | 0 | 0 | ||||
iShares National Muni Bond ETF | 09/07/07 | 0 | 0 | 0 | ||||
iShares New York Muni Bond ETF | 10/04/07 | 0 | 0 | 0 | ||||
iShares Short-Term National Muni Bond ETF | 11/05/08 | 0 | 0 | 0 | ||||
iShares Short Treasury Bond ETF | 01/05/07 | 0 | 0 | 0 |
Fund | Issuer | Market Value of Investment | ||
iShares 10+ Year Investment Grade Corporate Bond ETF | Bank of America Corp. | $28,726,997 | ||
JPMorgan Chase & Co. | 26,682,633 | |||
Wells Fargo & Co. | 21,792,761 | |||
Goldman Sachs Group Inc. (The) | 20,873,241 | |||
Citigroup Inc. | 18,627,925 | |||
Morgan Stanley | 16,293,446 | |||
Barclays PLC | 3,329,411 | |||
iShares 1-5 Year Investment Grade Corporate Bond ETF | Bank of America Corp. | $499,523,730 | ||
JPMorgan Chase & Co. | 444,402,879 | |||
Morgan Stanley | 383,054,778 | |||
Goldman Sachs Group Inc. (The) | 326,302,231 | |||
Wells Fargo & Co. | 310,454,821 | |||
Citigroup Inc. | 302,841,741 | |||
Credit Suisse AG | 183,934,635 | |||
Barclays PLC | 143,578,726 | |||
Bank of New York Mellon Corp. (The) | 101,475,936 | |||
iShares 5-10 Year Investment Grade Corporate Bond ETF | Bank of America Corp. | $261,407,896 | ||
JPMorgan Chase & Co. | 250,858,887 | |||
Citigroup Inc. | 195,251,026 | |||
Wells Fargo & Co. | 165,968,475 | |||
Morgan Stanley | 147,298,838 | |||
Goldman Sachs Group Inc. (The) | 111,297,545 | |||
Barclays PLC | 62,610,102 | |||
BNP Paribas SA | 61,192,761 | |||
Credit Suisse AG | 46,739,912 | |||
iShares Broad USD Investment Grade Corporate Bond ETF | Bank of America Corp. | $106,909,398 | ||
JPMorgan Chase & Co. | 99,845,860 | |||
Citigroup Inc. | 72,024,692 | |||
Morgan Stanley | 71,071,828 | |||
Wells Fargo & Co. | 69,469,730 |
Fund | Issuer | Market Value of Investment | ||
Goldman Sachs Group Inc. (The) | 59,659,543 | |||
BNP Paribas SA | 25,693,308 | |||
Credit Suisse AG | 24,078,550 | |||
Barclays PLC | 23,402,626 | |||
Bank of New York Mellon Corp. (The) | 15,921,420 | |||
iShares Core 10+ Year USD Bond ETF | Bank of America Corp. | $2,930,631 | ||
JPMorgan Chase & Co. | 2,847,559 | |||
Goldman Sachs Group Inc. (The) | 2,172,279 | |||
Citigroup Inc. | 1,984,620 | |||
Morgan Stanley | 1,709,553 | |||
Barclays PLC | 363,387 | |||
iShares Core 5-10 Year USD Bond ETF | Bank of America Corp. | $583,462 | ||
JPMorgan Chase & Co. | 494,374 | |||
Citigroup Inc. | 471,816 | |||
Wells Fargo & Co. | 396,319 | |||
Morgan Stanley | 308,786 | |||
Credit Suisse AG | 283,395 | |||
Goldman Sachs Group Inc. (The) | 263,674 | |||
Barclays PLC | 235,174 | |||
HSBC Holdings PLC | 224,008 | |||
U.S. Bancorp. | 73,112 | |||
Bank of Montreal | 27,927 | |||
iShares Core U.S. Aggregate Bond ETF | Bank of America Corp. | $529,513,039 | ||
JPMorgan Chase & Co. | 470,565,063 | |||
Morgan Stanley | 365,826,397 | |||
Citigroup Inc. | 358,534,399 | |||
Wells Fargo & Co. | 355,076,621 | |||
Goldman Sachs Group Inc. (The) | 299,163,153 | |||
Barclays PLC | 117,273,190 | |||
U.S. Bancorp. | 64,987,275 | |||
Credit Suisse AG | 61,028,632 | |||
Nomura Holdings Inc. | 10,813,424 | |||
iShares ESG Advanced Total USD Bond Market ETF | Societe Generale SA | $207,536 | ||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | Morgan Stanley | $18,931,019 | ||
Bank of America Corp. | 8,938,303 | |||
Citigroup Inc. | 8,779,561 | |||
Bank of New York Mellon Corp. (The) | 7,431,860 | |||
Goldman Sachs Group Inc. (The) | 6,276,813 | |||
JPMorgan Chase & Co. | 5,997,582 | |||
Barclays PLC | 2,776,531 | |||
U.S. Bancorp. | 461,761 | |||
iShares ESG Aware U.S. Aggregate Bond ETF | Morgan Stanley | $3,997,378 |
Fund | Issuer | Market Value of Investment | ||
Citigroup Inc. | 3,991,908 | |||
Bank of America Corp. | 3,140,894 | |||
Goldman Sachs Group Inc. (The) | 2,947,485 | |||
JPMorgan Chase & Co. | 2,457,333 | |||
Barclays PLC | 848,487 | |||
Credit Suisse AG | 240,579 | |||
Nomura Holdings Inc. | 231,035 | |||
iShares ESG Aware USD Corporate Bond ETF | Bank of New York Mellon Corp. (The) | $10,202,531 | ||
Citigroup Inc. | 9,068,579 | |||
Morgan Stanley | 8,754,068 | |||
Goldman Sachs Group Inc. (The) | 7,926,224 | |||
Bank of America Corp. | 7,422,709 | |||
JPMorgan Chase & Co. | 7,146,317 | |||
Barclays PLC | 1,643,223 | |||
Deutsche Bank AG | 855,560 | |||
iShares Government/Credit Bond ETF | JPMorgan Chase & Co. | $2,168,737 | ||
Bank of America Corp. | 2,118,333 | |||
Morgan Stanley | 1,601,011 | |||
Citigroup Inc. | 1,280,828 | |||
Goldman Sachs Group Inc. (The) | 1,106,796 | |||
HSBC Holdings PLC | 791,541 | |||
Bank of New York Mellon Corp. (The) | 680,962 | |||
Barclays PLC | 484,248 | |||
iShares iBoxx $ High Yield Corporate Bond ETF | Deutsche Bank AG | $86,952,679 | ||
iShares iBoxx $ Investment Grade Corporate Bond ETF | Bank of America Corp. | $1,307,967,885 | ||
JPMorgan Chase & Co. | 1,274,327,055 | |||
Wells Fargo & Co. | 983,513,620 | |||
Citigroup Inc. | 973,933,431 | |||
Morgan Stanley | 910,508,047 | |||
Goldman Sachs Group Inc. (The) | 875,981,295 | |||
Barclays PLC | 300,191,013 | |||
Credit Suisse AG | 157,614,335 | |||
Deutsche Bank AG | 93,125,198 | |||
Royal Bank of Canada | 90,382,795 | |||
iShares Intermediate Government/Credit Bond ETF | Bank of America Corp. | $21,968,608 | ||
JPMorgan Chase & Co. | 20,894,304 | |||
Morgan Stanley | 17,019,621 | |||
Citigroup Inc. | 15,195,430 | |||
Goldman Sachs Group Inc. (The) | 12,173,190 | |||
HSBC Holdings PLC | 9,191,042 | |||
Barclays PLC | 4,825,738 | |||
Bank of New York Mellon Corp. (The) | 4,211,722 | |||
Deutsche Bank AG | 2,066,955 |
Fund | Issuer | Market Value of Investment | ||
iShares Investment Grade Bond Factor ETF | Citigroup Inc. | $2,502,756 | ||
JPMorgan Chase & Co. | 1,764,196 | |||
Wells Fargo & Co. | 945,873 | |||
Goldman Sachs Group Inc. (The) | 378,929 | |||
Bank of America Corp. | 213,205 | |||
Morgan Stanley | 67,096 |
Fund | Fiscal Year Ended February 28, 2021 |
Fiscal Year Ended February 29, 2020 | ||
iShares 0-3 Month Treasury Bond ETF | 326%1, 2 | N/A | ||
iShares 1-3 Year Treasury Bond ETF | 79% | 56% | ||
iShares 1-5 Year Investment Grade Corporate Bond ETF | 29% | 38% | ||
iShares 3-7 Year Treasury Bond ETF | 49% | 38% | ||
iShares 5-10 Year Investment Grade Corporate Bond ETF | 23% | 26% | ||
iShares 7-10 Year Treasury Bond ETF | 76% | 57% | ||
iShares 10+ Year Investment Grade Corporate Bond ETF | 10% | 15% | ||
iShares 10-20 Year Treasury Bond ETF | 214%3 | 63% | ||
iShares 20+ Year Treasury Bond ETF | 65% | 25% | ||
iShares 25+ Year Treasury STRIPS Bond ETF | 36%4, 5 | N/A | ||
iShares Agency Bond ETF | 158% | 72% | ||
iShares Broad USD Investment Grade Corporate Bond ETF | 13% | 13% | ||
iShares California Muni Bond ETF | 8% | 9% | ||
iShares Core 5-10 Year USD Bond ETF10 | 384% | 377% | ||
iShares Core 10+ Year USD Bond ETF | 17% | 9% | ||
iShares Core U.S. Aggregate Bond ETF10 | 179% | 108% | ||
iShares ESG Advanced Total USD Bond Market ETF10 | 216%6, 7 | N/A | ||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | 38% | 24% |
Fund | Fiscal Year Ended February 28, 2021 |
Fiscal Year Ended February 29, 2020 | ||
iShares ESG Aware U.S. Aggregate Bond ETF10 | 384%8 | 266% | ||
iShares ESG Aware USD Corporate Bond ETF | 25% | 11% | ||
iShares Government/Credit Bond ETF | 24% | 16% | ||
iShares High Yield Bond Factor ETF | 67% | 46% | ||
iShares iBoxx $ High Yield Corporate Bond ETF | 20% | 20% | ||
iShares iBoxx $ Investment Grade Corporate Bond ETF | 14% | 13% | ||
iShares Intermediate Government/Credit Bond ETF | 26% | 19% | ||
iShares Investment Grade Bond Factor ETF | 46% | 75% | ||
iShares MBS ETF10 | 405%9 | 253% | ||
iShares National Muni Bond ETF | 10% | 8% | ||
iShares New York Muni Bond ETF | 5% | 7% | ||
iShares Short-Term National Muni Bond ETF | 18% | 19% | ||
iShares Short Treasury Bond ETF | 115% | 42% |
1 | The portfolio turnover for the iShares 0-3 Month Treasury Bond ETF relates to the period of May 26, 2020 to February 21, 2021 and is not annualized. |
2 | The inception date for the iShares 0-3 Month Treasury Bond ETF was May 26, 2020. |
3 | The variation in the portfolio turnover rate in the fiscal year ended February 28, 2021 when compared to the prior fiscal year was primarily due to changes in the Fund’s Underlying Index resulting from the introduction of 20-year bonds into the Underlying Index and rebalancing by the Fund. |
4 | The portfolio turnover for the iShares 25+ Year Treasury STRIPS Bond ETF relates to the period of September 22, 2020 to February 21, 2021 and is not annualized. |
5 | The inception date for the iShares 25+ Year Treasury STRIPS Bond ETF was September 22, 2020. |
6 | The portfolio turnover for the iShares ESG Advanced Total USD Bond Market ETF relates to the period of June 23, 2020 to February 21, 2021 and is not annualized. |
7 | The inception date for the iShares ESG Advanced Total USD Bond Market ETF was June 23, 2020. |
8 | The variation in the portfolio turnover rate in the fiscal year ended February 28, 2021 when compared to the prior fiscal year was primarily due to significant inflows to the Fund by Fund shareholders. |
9 | The variation in the portfolio turnover rate in the fiscal year ended February 28, 2021 when compared to the prior fiscal year was primarily due to increased inflows to and outflows from the Fund by Fund shareholders and volatility in the mortgage-backed securities market. |
10 | Portfolio turnover rate includes TBA transactions, as described above. |
Fund | Shares Per Creation Unit |
Approximate Value Per Creation Unit (U.S.) | ||
iShares 0-3 Month Treasury Bond ETF | 50,000 | $5,001,000 | ||
iShares 1-3 Year Treasury Bond ETF | 100,000 | 8,624,000 | ||
iShares 1-5 Year Investment Grade Corporate Bond ETF | 50,000 | 2,730,500 | ||
iShares 3-7 Year Treasury Bond ETF | 100,000 | 12,985,000 | ||
iShares 5-10 Year Investment Grade Corporate Bond ETF | 50,000 | 2,956,000 |
Fund | Shares Per Creation Unit |
Approximate Value Per Creation Unit (U.S.) | ||
iShares 7-10 Year Treasury Bond ETF | 100,000 | 11,291,000 | ||
iShares 10+ Year Investment Grade Corporate Bond ETF | 100,000 | 6,638,000 | ||
iShares 10-20 Year Treasury Bond ETF | 100,000 | 14,008,000 | ||
iShares 20+ Year Treasury Bond ETF | 100,000 | 13,550,000 | ||
iShares 25+ Year Treasury STRIPS Bond ETF | 50,000 | 953,500 | ||
iShares Agency Bond ETF | 50,000 | 5,880,000 | ||
iShares Broad USD Investment Grade Corporate Bond ETF | 50,000 | 2,945,500 | ||
iShares California Muni Bond ETF | 50,000 | 3,103,000 | ||
iShares Core 5-10 Year USD Bond ETF | 100,000 | 5,092,000 | ||
iShares Core 10+ Year USD Bond ETF | 50,000 | 3,420,500 | ||
iShares Core U.S. Aggregate Bond ETF | 100,000 | 11,375,000 | ||
iShares ESG Advanced Total USD Bond Market ETF | 100,000 | 4,899,000 | ||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | 50,000 | 1,297,000 | ||
iShares ESG Aware U.S. Aggregate Bond ETF | 100,000 | 5,446,000 | ||
iShares ESG Aware USD Corporate Bond ETF | 50,000 | 1,345,000 | ||
iShares Government/Credit Bond ETF | 50,000 | 5,997,000 | ||
iShares High Yield Bond Factor ETF | 50,000 | 2,557,500 | ||
iShares iBoxx $ High Yield Corporate Bond ETF | 100,000 | 8,680,000 | ||
iShares iBoxx $ Investment Grade Corporate Bond ETF | 100,000 | 12,977,000 | ||
iShares Intermediate Government/Credit Bond ETF | 50,000 | 5,747,000 | ||
iShares Investment Grade Bond Factor ETF | 50,000 | 2,633,000 | ||
iShares MBS ETF | 100,000 | 10,844,000 | ||
iShares National Muni Bond ETF | 100,000 | 11,576,000 | ||
iShares New York Muni Bond ETF | 50,000 | 2,883,500 | ||
iShares Short-Term National Muni Bond ETF | 50,000 | 5,372,500 | ||
iShares Short Treasury Bond ETF | 10,000 | 1,105,200 |
Fund | Standard Creation Transaction Fee |
Maximum Additional Charge* | ||
iShares 0-3 Month Treasury Bond ETF | $125 | 3.0% | ||
iShares 1-3 Year Treasury Bond ETF | N/A | 3.0% | ||
iShares 1-5 Year Investment Grade Corporate Bond ETF | $500 | 3.0% | ||
iShares 3-7 Year Treasury Bond ETF | $500 | 3.0% | ||
iShares 5-10 Year Investment Grade Corporate Bond ETF | $500 | 3.0% | ||
iShares 7-10 Year Treasury Bond ETF | N/A | 3.0% | ||
iShares 10+ Year Investment Grade Corporate Bond ETF | $300 | 3.0% | ||
iShares 10-20 Year Treasury Bond ETF | $500 | 3.0% | ||
iShares 20+ Year Treasury Bond ETF | N/A | 3.0% | ||
iShares 25+ Year Treasury STRIPS Bond ETF | $150 | 3.0% | ||
iShares Agency Bond ETF | $100 | 3.0% | ||
iShares Broad USD Investment Grade Corporate Bond ETF | $500 | 3.0% | ||
iShares California Muni Bond ETF | $250 | 3.0% | ||
iShares Core 5-10 Year USD Bond ETF | $275 | 3.0% | ||
iShares Core 10+ Year USD Bond ETF | $300 | 3.0% | ||
iShares Core U.S. Aggregate Bond ETF | $500 | 3.0% | ||
iShares ESG Advanced Total USD Bond Market ETF | $775 | 3.0% |
Fund | Standard Creation Transaction Fee |
Maximum Additional Charge* | ||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | $150 | 3.0% | ||
iShares ESG Aware U.S. Aggregate Bond ETF | $1,275 | 3.0% | ||
iShares ESG Aware USD Corporate Bond ETF | $150 | 3.0% | ||
iShares Government/Credit Bond ETF | $500 | 3.0% | ||
iShares High Yield Bond Factor ETF | $550 | 3.0% | ||
iShares iBoxx $ High Yield Corporate Bond ETF | $500 | 3.0% | ||
iShares iBoxx $ Investment Grade Corporate Bond ETF | $500 | 3.0% | ||
iShares Intermediate Government/Credit Bond ETF | $500 | 3.0% | ||
iShares Investment Grade Bond Factor ETF | $875 | 3.0% | ||
iShares MBS ETF | $300 | 3.0% | ||
iShares National Muni Bond ETF | $400 | 3.0% | ||
iShares New York Muni Bond ETF | $250 | 3.0% | ||
iShares Short-Term National Muni Bond ETF | $100 | 3.0% | ||
iShares Short Treasury Bond ETF | $250 | 3.0% |
* | As a percentage of the net asset value per Creation Unit. |
Fund | Standard Redemption Transaction Fee |
Maximum Additional Charge* | ||
iShares 0-3 Month Treasury Bond ETF | $125 | 2.0% | ||
iShares 1-3 Year Treasury Bond ETF | N/A | 2.0% | ||
iShares 1-5 Year Investment Grade Corporate Bond ETF | $500 | 2.0% | ||
iShares 3-7 Year Treasury Bond ETF | $500 | 2.0% | ||
iShares 5-10 Year Investment Grade Corporate Bond ETF | $500 | 2.0% | ||
iShares 7-10 Year Treasury Bond ETF | N/A | 2.0% | ||
iShares 10+ Year Investment Grade Corporate Bond ETF | $300 | 2.0% | ||
iShares 10-20 Year Treasury Bond ETF | $500 | 2.0% | ||
iShares 20+ Year Treasury Bond ETF | N/A | 2.0% | ||
iShares 25+ Year Treasury STRIPS Bond ETF | $150 | 2.0% | ||
iShares Agency Bond ETF | $100 | 2.0% | ||
iShares Broad USD Investment Grade Corporate Bond ETF | $500 | 2.0% | ||
iShares California Muni Bond ETF | $250 | 2.0% | ||
iShares Core 5-10 Year USD Bond ETF | $275 | 2.0% |
Fund | Standard Redemption Transaction Fee |
Maximum Additional Charge* | ||
iShares Core 10+ Year USD Bond ETF | $300 | 2.0% | ||
iShares Core U.S. Aggregate Bond ETF | $500 | 2.0% | ||
iShares ESG Advanced Total USD Bond Market ETF | $775 | 2.0% | ||
iShares ESG Aware 1-5 Year USD Corporate Bond ETF | $150 | 2.0% | ||
iShares ESG Aware U.S. Aggregate Bond ETF | $1,275 | 2.0% | ||
iShares ESG Aware USD Corporate Bond ETF | $150 | 2.0% | ||
iShares Government/Credit Bond ETF | $500 | 2.0% | ||
iShares High Yield Bond Factor ETF | $550 | 2.0% | ||
iShares iBoxx $ High Yield Corporate Bond ETF | $500 | 2.0% | ||
iShares iBoxx $ Investment Grade Corporate Bond ETF | $500 | 2.0% | ||
iShares Intermediate Government/Credit Bond ETF | $500 | 2.0% | ||
iShares Investment Grade Bond Factor ETF | $875 | 2.0% | ||
iShares MBS ETF | $300 | 2.0% | ||
iShares National Muni Bond ETF | $400 | 2.0% | ||
iShares New York Muni Bond ETF | $250 | 2.0% | ||
iShares Short-Term National Muni Bond ETF | $100 | 2.0% | ||
iShares Short Treasury Bond ETF | $250 | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive of the standard redemption transaction fee. |
Fund | Non-Expiring Capital Loss Carryforward | |
iShares 1-5 Year Investment Grade Corporate Bond ETF | $13,108,668 | |
iShares 3-7 Year Treasury Bond ETF | 28,169,140 | |
iShares 7-10 Year Treasury Bond ETF | 528,543 | |
iShares 10+ Year Investment Grade Corporate Bond ETF | 16,168,823 | |
iShares 20+ Year Treasury Bond ETF | 258,917,225 | |
iShares 25+ Year Treasury STRIPS Bond ETF | 251,423 | |
iShares Broad USD Investment Grade Corporate Bond ETF | 3,217,327 | |
iShares California Muni Bond ETF | 1,588,678 | |
iShares Core U.S. Aggregate Bond ETF | 6,670,167 |
Fund | Non-Expiring Capital Loss Carryforward | |
iShares ESG Advanced Total USD Bond Market ETF | 46,245 | |
iShares Government/Credit Bond ETF | 1,235,826 | |
iShares High Yield Bond Factor ETF | 2,112,180 | |
iShares iBoxx $ High Yield Corporate Bond ETF | 1,535,010,585 | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | 12,166,301 | |
iShares Intermediate Government/Credit Bond ETF | 56,976 | |
iShares MBS ETF | 26,952,373 | |
iShares National Muni Bond ETF | 42,707,408 | |
iShares Short-Term National Muni Bond ETF | 2,099,015 |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure, mergers, asset sales and other special transactions |
• | Compensation and benefits |
• | Environmental and social issues |
• | General corporate governance matters and shareholder protections |
• | establishing an appropriate corporate governance structure |
• | supporting and overseeing management in setting long -term strategic goals, applicable measures of value-creation and milestones that will demonstrate progress, and steps taken if any obstacles are anticipated or incurred |
• | ensuring the integrity of financial statements |
• | making independent decisions regarding mergers, acquisitions and disposals |
• | establishing appropriate executive compensation structures |
• | addressing business issues, including environmental and social issues, when they have the potential to materially impact company reputation and performance |
• | current or former employment at the company or a subsidiary within the past several years |
• | being, or representing, a shareholder with a substantial shareholding in the company |
• | interlocking directorships |
• | having any other interest, business or other relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
1) | publish a disclosure in line with industry-specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
2) | disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |
• | BlackRock clients who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock business partners or third parties who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock employees who may sit on the boards of public companies held in Funds managed by BlackRock |
• | Significant BlackRock, Inc. investors who may be issuers of securities held in Funds managed by BlackRock |
• | Securities of BlackRock, Inc. or BlackRock investment funds held in Funds managed by BlackRock |
• | BlackRock, Inc. board members who serve as senior executives of public companies held in Funds managed by BlackRock |
• | Adopted the Guidelines which are designed to protect and enhance the economic value of the companies in which BlackRock invests on behalf of clients. |
• | Established a reporting structure that separates BIS from employees with sales, vendor management or business partnership roles. In addition, BlackRock seeks to ensure that all engagements with corporate issuers, dissident shareholders or shareholder proponents are managed consistently and without regard to BlackRock’s relationship with such parties. Clients or business partners are not given special treatment or differentiated access to BIS. BIS prioritizes engagements based on factors including but not limited to our need for additional information to make a voting decision or our view on the likelihood that an engagement could lead to positive outcome(s) over time for the economic value of the company. Within the normal course of business, BIS may engage directly with BlackRock clients, business partners and/or third parties, and/or with employees with sales, vendor management or business partnership roles, in discussions regarding our approach to stewardship, general corporate governance matters, client reporting needs, and/or to otherwise ensure that proxy-related client service levels are met. |
• | Determined to engage, in certain instances, an independent fiduciary to vote proxies as a further safeguard to avoid potential conflicts of interest, to satisfy regulatory compliance requirements, or as may be otherwise required by applicable law. In such circumstances, the independent fiduciary provides BlackRock’s proxy voting agent with instructions, in accordance with the Guidelines, as to how to vote such proxies, and BlackRock’s proxy voting agent votes the proxy in accordance with the independent fiduciary’s determination. BlackRock uses an independent fiduciary to vote proxies of (i) any company that is affiliated with BlackRock, Inc., (ii) any public company that includes BlackRock employees on its board of directors, (iii) The PNC Financial Services Group, Inc., (iv) any public company of which a BlackRock, Inc. board member serves as a senior executive, and (v) companies when legal or regulatory requirements compel BlackRock to use an independent fiduciary. In selecting an independent fiduciary, we assess several characteristics, including but not limited to: independence, an ability to analyze proxy issues and vote in the best economic interest of our clients, reputation for reliability and integrity, and operational capacity to accurately deliver the assigned votes in a timely manner. We may engage more than one independent fiduciary, in part in order to mitigate potential or perceived conflicts of interest at an independent fiduciary. The Global Committee appoints and reviews the performance of the independent fiduciar(ies), generally on an annual basis. |
Contents | |
Introduction | A-16 |
Voting guidelines | A-16 |
Boards and directors | A-16 |
- Director elections | A-16 |
- Independence | A-16 |
- Oversight | A-17 |
- Responsiveness to shareholders | A-17 |
- Shareholder rights | A-17 |
- Board composition and effectiveness | A-18 |
- Board size | A-19 |
- CEO and management succession planning | A-19 |
- Classified board of directors / staggered terms | A-19 |
- Contested director elections | A-19 |
- Cumulative voting | A-19 |
- Director compensation and equity programs | A-19 |
- Majority vote requirements | A-19 |
- Risk oversight | A-20 |
- Separation of chairman and CEO | A-20 |
Auditors and audit-related issues | A-20 |
Capital structure proposals | A-21 |
- Equal voting rights | A-21 |
- Blank check preferred stock | A-21 |
- Increase in authorized common shares | A-21 |
- Increase or issuance of preferred stock | A-21 |
- Stock splits | A-22 |
Mergers, asset sales, and other special transactions | A-22 |
- Poison pill plans | A-22 |
- Reimbursement of expenses for successful shareholder campaigns | A-22 |
Executive Compensation | A-22 |
- Advisory resolutions on executive compensation (“Say on Pay”) | A-23 |
- Advisory votes on the frequency of Say on Pay resolutions | A-23 |
- Claw back proposals | A-23 |
- Employee stock purchase plans | A-23 |
- Equity compensation plans | A-23 |
- Golden parachutes | A-23 |
- Option exchanges | A-24 |
- Pay-for-Performance plans | A-24 |
- Supplemental executive retirement plans | A-24 |
Environmental and social issues | A-24 |
- Climate risk | A-25 |
- Corporate political activities | A-26 |
General corporate governance matters | A-26 |
- Adjourn meeting to solicit additional votes | A-26 |
- Bundled proposals | A-26 |
- Exclusive forum provisions | A-26 |
- Multi-jurisdictional companies | A-26 |
- Other business | A-27 |
- Reincorporation | A-27 |
- IPO governance | A-27 |
Contents | |
Shareholder Protections | A-27 |
- Amendment to charter / articles / bylaws | A-27 |
- Proxy access | A-28 |
- Right to act by written consent | A-28 |
- Right to call a special meeting | A-28 |
- Simple majority voting | A-28 |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure |
• | Mergers, asset sales, and other special transactions |
• | Executive compensation |
• | Environmental and social issues |
• | General corporate governance matters |
• | Shareholder protections |
• | Employment as a senior executive by the company or a subsidiary within the past five years |
• | An equity ownership in the company in excess of 20% |
• | Having any other interest, business, or relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
• | Where the board has failed to exercise oversight with regard to accounting practices or audit oversight, we will consider voting against the current audit committee, and any other members of the board who may be responsible. For example, this may apply to members of the audit committee during a period when the board failed to facilitate quality, independent auditing if substantial accounting irregularities suggest insufficient oversight by that committee |
• | Members of the compensation committee during a period in which executive compensation appears excessive relative to performance and peers, and where we believe the compensation committee has not already substantially addressed this issue |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where the board is not comprised of a majority of independent directors. However, this would not apply in the case of a controlled company |
• | Where it appears the director has acted (at the company or at other companies) in a manner that compromises his / her reliability to represent the best long-term economic interests of shareholders |
• | Where a director has a pattern of poor attendance at combined board and applicable key committee meetings. Excluding exigent circumstances, BlackRock generally considers attendance at less than 75% of the combined board and applicable key committee meetings by a board member to be poor attendance |
• | Where a director serves on an excess number of boards, which may limit his / her capacity to focus on each board’s requirements. The following illustrates the maximum number of boards on which a director may serve, before he / she is considered to be over-committed: |
Public Company CEO |
# Outside Public Boards* |
Total # of Public Boards | |||
Director A | x | 1 | 2 | ||
Director B | 3 | 4 |
* | In addition to the company under review |
• | The independent chair or lead independent director, members of the nominating / governance committee, and / or the longest tenured director(s), where we observe a lack of board responsiveness to shareholders, evidence of board entrenchment, and / or failure to promote adequate board succession planning |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where board member(s) at the most recent election of directors have received withhold votes from more than 30% of shares voted and the board has not taken appropriate action to respond to shareholder concerns. This may not apply in cases where BlackRock did not support the initial withhold vote |
• | The independent chair or lead independent director and / or members of the nominating / governance committee, where a board fails to implement shareholder proposals that receive a majority of votes cast at a prior shareholder meeting, and the proposals, in our view, have a direct and substantial impact on shareholders’ fundamental rights or long-term economic interests |
• | The independent chair or lead independent director and members of the governance committee, where a board implements or renews a poison pill without shareholder approval |
• | The independent chair or lead independent director and members of the governance committee, where a board amends the charter / articles / bylaws such that the effect may be to entrench directors or to significantly reduce shareholder rights |
• | Members of the compensation committee where the company has repriced options without shareholder approval |
• | If a board maintains a classified structure, it is possible that the director(s) with whom we have a particular concern may not be subject to election in the year that the concern arises. In such situations, if we have a concern regarding a committee or committee chair that is not up for re-election, we will generally register our concern by withholding votes from all available members of the relevant committee |
• | The mix of competencies, experience, and other qualities required to effectively oversee and guide management in light of the stated long-term strategy of the company |
• | The process by which candidates are identified and selected, including whether professional firms or other sources outside of incumbent directors’ networks have been engaged to identify and / or assess candidates |
• | The process by which boards evaluate themselves and any significant outcomes of the evaluation process, without divulging inappropriate and / or sensitive details |
• | The consideration given to board diversity, including, but not limited to, gender, ethnicity, race, age, experience, geographic location, skills, and perspective in the nomination process |
Combined Chair / CEO Model |
Separate Chair Model | ||||
Chair / CEO | Lead Director | Chair | |||
Board Meetings | Authority to call full meetings of the board of directors | Attends full meetings of the board of directors Authority to call meetings of independent directors Briefs CEO on issues arising from executive sessions |
Authority to call full meetings of the board of directors | ||
Agenda | Primary responsibility for shaping board agendas, consulting with the lead director | Collaborates with chair / CEO to set board agenda and board information | Primary responsibility for shaping board agendas, in conjunction with CEO | ||
Board Communications | Communicates with all directors on key issues and concerns outside of full board meetings | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning |
• | Appears to have a legitimate financing motive for requesting blank check authority |
• | Has committed publicly that blank check preferred shares will not be used for anti-takeover purposes |
• | Has a history of using blank check preferred stock for financings |
• | Has blank check preferred stock previously outstanding such that an increase would not necessarily provide further anti-takeover protection but may provide greater financing flexibility |
• | The degree to which the proposed transaction represents a premium to the company’s trading price. We consider the share price over multiple time periods prior to the date of the merger announcement. In most cases, business combinations should provide a premium. We may consider comparable transaction analyses provided by the parties’ financial advisors and our own valuation assessments. For companies facing insolvency or bankruptcy, a premium may not apply |
• | There should be clear strategic, operational, and / or financial rationale for the combination |
• | Unanimous board approval and arm’s-length negotiations are preferred. We will consider whether the transaction involves a dissenting board or does not appear to be the result of an arm’s-length bidding process. We may also consider whether executive and / or board members’ financial interests in a given transaction appear likely to affect their ability to place shareholders’ interests before their own |
• | We prefer transaction proposals that include the fairness opinion of a reputable financial advisor assessing the value of the transaction to shareholders in comparison to recent similar transactions |
• | Whether we believe that the triggering event is in the best interest of shareholders |
• | Whether management attempted to maximize shareholder value in the triggering event |
• | The percentage of total premium or transaction value that will be transferred to the management team, rather than shareholders, as a result of the golden parachute payment |
• | Whether excessively large excise tax gross-up payments are part of the pay-out |
• | Whether the pay package that serves as the basis for calculating the golden parachute payment was reasonable in light of performance and peers |
• | Whether the golden parachute payment will have the effect of rewarding a management team that has failed to effectively manage the company |
• | The company has experienced significant stock price decline as a result of macroeconomic trends, not individual company performance |
• | Directors and executive officers are excluded; the exchange is value neutral or value creative to shareholders; tax, accounting, and other technical considerations have been fully contemplated |
• | There is clear evidence that absent repricing, the company will suffer serious employee incentive or retention and recruiting problems |
• | Publish disclosures in line with industry specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
• | Disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |