2014 Prospectus |
|
► | iShares Currency Hedged MSCI Emerging Markets ETF | HEEM | NYSE ARCA |
|
S-1 |
|
1 |
|
2 |
|
13 |
|
16 |
|
16 |
|
17 |
|
21 |
|
30 |
|
30 |
|
30 |
|
32 |
Ticker: HEEM | Stock Exchange: NYSE Arca |
Annual
Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investments) | ||||||||||||
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 | ||||||
0.78% | None | None | 0.67% | 1.45% | (0.75)% | 0.70% |
1 Year | 3 Years | ||||
$72 | $343 |
■ | Lower levels of 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 the 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 relating to corporate governance, directors’ fiduciary duties and liabilities and stockholders’ rights in markets in which the Fund invests may differ and/or may not be as extensive or protective as those that apply in the United States. |
■ | 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 certain Eastern European countries; |
■ | Risks in connection with the maintenance of the 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 the Fund; |
■ | The risk that the Fund's ownership rights in portfolio securities could be lost through fraud or negligence as a result of the fact that ownership in shares of certain Eastern European companies is recorded by the companies themselves and by registrars, rather than a central registration system; |
■ | The risk that the Fund may not be able to pursue claims on behalf of its shareholders because of the system of share registration and custody, and because certain Eastern European banking institutions and registrars are not guaranteed by their respective governments; and |
■ | Risks in connection with Eastern European countries' dependence on the economic health of Western European countries and the EU as a whole. |
Approximate
Value of a Creation Unit |
Creation
Unit Size |
Standard
Creation/ Redemption Transaction Fee |
Maximum
Additional Charge for Creations* |
Maximum
Additional Charge for Redemptions* | ||||
$1,250,000 | 50,000 | $500 | 3.0% | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive, in the case of redemptions, of the standard redemption transaction fee. |
|
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 |
1$5AR%?.6)(4GC'45Q[^+_"^CZ3K$'AC2=1ANM5@:VE:[G5HX8V^\%`Y/ M<#/3U[4B?$&T3XHVGBS[#/\`9X(1&8-PWG]R8\YZ=3F@"7P9X)T;Q%967FPZ M_!G\9%\#^&])\/W>J>(;_4L6>KS::ZV(3, MI3@%0PX/!)R3P,8S2:;X]T./2O#J:CI^IO=:&P,,-M<*EO*P;<'=2,[@>>.I M'7FLWQ'XUM-:\-WNEPVDT;W&N2ZH'=A@*X8;..X+4`=39_"G3)/[/@FA\022 M:C$)DNX(D:"T5\E%DX^8@8W8(%9^E?#G3H]#>]U:'6+Z5+Z6SN%TG8WV3RVV MEG4@LW3/`Z?A5)?&V@:E;:;/K^FZG-J.GVZVX6UNA'!=*OW?,&,@^NWK^E-\ M.^,?#VF&UO)K#5;/4K>=Y7DTRZVI=*6+!)`W8?=XZC/K0!RVIVFCVUL18WTU MQ O]4,*PF[G>;RUZ+DYQ[_6L^@84 M444`%%%%`!1110`4444`%=)HOC[Q3H$<<.GZS<)!'PL,A$B*/0*P(`^F*YNB M@#J_%OQ`U;QI965OJD5J&M&9EDA0J6W`=021V[8J.T\*#4M)L[BTN"+F6W:1 MH60D.WF2(JJ?5BBKCU.:YBK]GK.H6#VY@NI`ML_F0QLVY(WYPP4\`@G(..M` M'7^$-$LE'BB.\A@NI+!(E21K9IPI\X(Q5%()R,C@^]3^-/``L]7L8]$L[@?; M[J2,1[B\<(WJ(QDC*\-SN.1T[5P=KJ-[8L[6EY<6[2##F&5D+#WP>:FCUS5H MHC%'JEZD9)8HMPX!).2<9]>:!'>:Q\/M)T6.]U`MJ5_IR&`6\=NZ+*=Q=79C MM88!3@`#[ZY([W=$\"Z/:ZCH]S*LM[%>6WF.DN&CMV-D9B)0!DDL05`[*>2> M!YE;ZIJ%HJK;7US"J;MHCF90N[&[WP,^N*(]5U&)F:._ND9D",5F8$J!@` M\]`.,>E`'I=_X'T2:^TPK;71%[+;6C2: 3@;,@!E`)R<@-P#7%1ZMJ4,/DQ:A=)% ML\O8LS!=N<[<9Z9)X]Z:FIZA%;K;QWURD*9VQK*P5<@@X&<<@D'ZF@#5\3:5 MIVB7T^FPK>F[@D5?-E9#',FT?.H`X#'D