2014 Prospectus |
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► | iShares Core MSCI Emerging Markets ETF | IEMG | NYSE ARCA |
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S-1 |
|
1 |
|
2 |
|
16 |
|
19 |
|
19 |
|
22 |
|
34 |
|
35 |
|
36 |
|
36 |
|
38 |
Ticker: IEMG | Stock Exchange: NYSE Arca |
Annual
Fund Operating Expenses (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 |
Foreign
Taxes |
Other
Expenses |
Acquired
Fund Fees and Expenses |
Total
Annual Fund Operating Expenses |
Fee Waiver | Total
Annual Fund Operating Expenses After Fee Waiver | |||||||
0.16% | None | 0.00% | None | 0.00% | 0.16% | (0.00)% | 0.16% |
1 | The expense information in the table has been restated to reflect current fees. |
1 Year | 3 Years | 5 Years | 10 Years | |||
$16 | $52 | $90 | $205 |
1 | The Fund’s year-to-date return as of September 30, 2014 was 2.73%. |
One Year | Since
Fund Inception | ||
(Inception Date: 10/18/2012) | |||
Return Before Taxes | -2.16% | 1.90% | |
Return After Taxes on Distributions1 | -2.55% | 1.53% | |
Return After Taxes on Distributions and Sale of Fund Shares1 | -0.86% | 1.48% | |
MSCI Emerging Markets IMI (Index returns do not reflect deductions for fees, expenses or taxes) | -2.20% | 1.72% |
1 | After-tax returns in the table above are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state or local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to tax-exempt investors or investors who hold shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). Fund returns after taxes on distributions and sales of Fund shares are calculated assuming that an investor has sufficient capital gains of the same character from other investments to offset any capital losses from the sale of Fund shares. As a result, Fund returns after taxes on distributions and sales of Fund shares may exceed Fund returns before taxes and/or returns after taxes on distributions. |
■ | 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 Russia; |
■ | 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 Russian companies is recorded by the companies themselves and by registrars, rather than by a central registration system; and |
■ | 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 Russian banking institutions and registrars are not guaranteed by the Russian government. |
■ | where a non-resident investor has made any investment, directly or indirectly, in a foreign institutional investor (“FII”) which has invested in India; |
■ | investment by the non-resident investor in a fund or a fund pooling vehicle, which does not result in participation in control and management of the fund; or |
■ | where a non-resident investor along with its associates, does not have more than a 26% share in total capital of the company. |
■ | 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; |
■ | FIIs that choose not to take any benefit under any tax treaty entered with India and has 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 investments made prior to August 30, 2010. |
■ | 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. |
■ | Dividend: Dividend income earned by the Subsidiary will not be subject to Indian tax. However, the Indian company declaring and paying such dividend would be subject to Dividend Distribution Tax at an effective rate of 20% (approx.) (effective starting October 1, 2014) on the amount of the dividend paid out. |
■ | Interest: Interest paid to the Subsidiary in respect of debt obligations of Indian issuers will be subject to Indian income tax. The tax rate in the case of a rupee-denominated debt obligation is 43.26%. However if the Subsidiary is a SEBI registered sub-account, interest income earned from June 1, 2013 to May 31, 2015 on rupee denominated bonds of Indian companies and Indian government securities will be subject to tax at the rate of 5.41%, provided that the rate of interest does not exceed the prescribed rates. In the case of a foreign-currency denominated debt obligation, the tax rate is 21.63%. For approved foreign-currency loans advanced from July 1, 2012 to June 30, 2017, the tax rate on interest is 5.41% and for approved foreign currency long-term bonds issued from October 1, 2014 to June 30, 2017, the tax rate on interest is 5.41%. However, if the Subsidiary is registered as a sub-account with SEBI, interest from securities will be subject to tax at the rate of 21.63%. |
■ | Securities Transaction Tax: Transactions involving the purchase or sale of shares or any other security traded on a recognized Indian stock exchange are subject to Securities Transaction Tax (“STT”). STT will be levied at the rate of 0.001% on the |
seller in case of actual delivery of the security and at the rate of 0.2% on the sale of unlisted shares in an initial public offering. This STT is not applicable to primary issuances of equity shares by a company or to off-market transactions. Hence, STT will be payable if the Subsidiary buys or sells listed securities on a recognized Indian stock exchange. | |
■ | Capital Gains: The taxation of capital gains would be as follows: (i) 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 not be taxable in India provided STT has been paid on the same (as discussed above); (ii) 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 16.223% provided STT has been paid on the same; (iii) long-term capital gains (being gains on sale of shares held for a period of more than 36 months) arising to the Subsidiary from the sale of unlisted securities will be taxed at the rate of 10.815% (without indexation) and short-term capital gains (being gains on sale of shares held for a period of 36 months or less) will be taxed at the rate of 43.26%;* (iv) 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 21.63% for long-term gains (being gains on sale of shares held for a period of more than 12 months) and at 43.26% in the case of short-term gains (being gains on sale of shares held for a period of 12 months or less);* and (v) capital gains arising from the transfer of depositary receipts outside India between non-resident investors will not be subject to tax in India. |
* | However, if the Subsidiary is a SEBI registered sub-account, the rates will be 10.816% and 32.45%, respectively. |
■ | 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 has 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 investments made prior to August 30, 2010. |
Approximate
Value of a Creation Unit |
Creation
Unit Size |
Standard
Creation/ Redemption Transaction Fee |
Maximum
Additional Charge for Creations* |
Maximum
Additional Charge for Redemptions* | ||||
$10,010,000 | 200,000 | $15,000 | 5.0% | 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. |
Year
ended Aug. 31, 2014 |
Period
from Oct. 18, 2012a to Aug. 31, 2013 | ||
Net asset value, beginning of period | $ 45.71 | $ 49.06 | |
Income
from investment operations: | |||
Net investment incomeb | 1.31 | 1.33 | |
Net realized and unrealized gain (loss)c | 7.78 | (4.14) | |
Total from investment operations | 9.09 | (2.81) | |
Less distributions from: | |||
Net investment income | (0.91) | (0.54) | |
Total distributions | (0.91) | (0.54) | |
Net asset value, end of period | $ 53.89 | $ 45.71 | |
Total return | 20.05% | (5.75)% d | |
Ratios/Supplemental data: | |||
Net assets, end of period (000s) | $5,669,167 | $1,864,965 | |
Ratio of expenses to average net assetse | 0.17% | 0.05% | |
Ratio of expenses to average net assets prior to waived feese | 0.18% | 0.18% | |
Ratio of net investment income to average net assetse | 2.61% | 3.17% | |
Portfolio turnover ratef | 8% | 15% |
a | Commencement of operations. |
b | Based on average shares outstanding throughout each period. |
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 | Not annualized. |
e | Annualized for periods of less than one year. |
f | Portfolio turnover rates exclude portfolio securities received or delivered in Creation Units but includes portfolio transactions that are executed as a result of the Fund processing capital share transactions in Creation Units partially for cash in U.S. dollars. Excluding such cash transactions, the portfolio turnover rates for the year ended August 31, 2014 and the period ended August 31, 2013 were 8% and 15%, respectively. |
Premium/Discount Range | Number of Days | Percentage of Total Days | ||
Greater than 2.0% | 1 | 0.23% | ||
Greater than 1.5% and Less than 2.0% | 7 | 1.59 | ||
Greater than 1.0% and Less than 1.5% | 19 | 4.32 | ||
Greater than 0.5% and Less than 1.0% | 102 | 23.18 | ||
Between 0.5% and -0.5% | 258 | 58.64 | ||
Less than -0.5% and Greater than -1.0% | 36 | 8.18 | ||
Less than -1.0% and Greater than -1.5% | 12 | 2.73 | ||
Less than -1.5% and Greater than -2.0% | 3 | 0.68 | ||
Less than -2.0% and Greater than -2.5% | 2 | 0.45 | ||
440 | 100.00% |
Average Annual Total Returns | Cumulative Total Returns | ||||||
NAV | MARKET | INDEX | NAV | MARKET | INDEX | ||
1 Year | 20.05% | 20.98% | 20.12% | 20.05% | 20.98% | 20.12% | |
Since Inception* | 6.83% | 6.87% | 6.83% | 13.15% | 13.24% | 13.13% |
* | Total returns for the period since inception are calculated from the inception date of the Fund (10/18/12). The first day of secondary market trading in shares of the Fund was 10/22/12. |
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 |
Funds | Ticker | Stock Exchange | ||
iShares Core MSCI Emerging Markets ETF | IEMG | NYSE Arca | ||
iShares MSCI All Country World Minimum Volatility ETF | ACWV | NYSE Arca | ||
iShares MSCI Brazil Capped ETF | EWZ | NYSE Arca | ||
iShares MSCI BRIC ETF | BKF | NYSE Arca | ||
iShares MSCI Chile Capped ETF | ECH | NYSE Arca | ||
iShares MSCI Colombia Capped ETF | ICOL | NYSE Arca | ||
iShares MSCI Emerging Markets Asia ETF | EEMA | NASDAQ | ||
iShares MSCI Emerging Markets ETF | EEM | NYSE Arca | ||
iShares MSCI Emerging Markets Minimum Volatility ETF | EEMV | NYSE Arca | ||
iShares MSCI Emerging Markets Small-Cap ETF | EEMS | NYSE Arca | ||
iShares MSCI Frontier 100 ETF | FM | NYSE Arca | ||
iShares MSCI Global Agriculture Producers ETF | VEGI | NYSE Arca | ||
iShares MSCI Global Energy Producers ETF | FILL | NYSE Arca | ||
iShares MSCI Global Metals & Mining Producers ETF | PICK | NYSE Arca | ||
iShares MSCI Malaysia ETF | EWM | NYSE Arca | ||
iShares MSCI South Korea Capped ETF | EWY | NYSE Arca | ||
iShares MSCI Taiwan ETF | EWT | NYSE Arca |
• | iShares Core MSCI Emerging Markets ETF |
• | iShares MSCI All Country World Minimum Volatility ETF |
• | iShares MSCI Brazil Capped ETF |
• | iShares MSCI BRIC ETF |
• | iShares MSCI Chile Capped ETF |
• | iShares MSCI Colombia Capped ETF |
• | iShares MSCI Emerging Markets Asia ETF |
• | iShares MSCI Emerging Markets ETF |
• | iShares MSCI Emerging Markets Minimum Volatility ETF |
• | iShares MSCI Emerging Markets Small-Cap ETF |
• | iShares MSCI Frontier 100 ETF |
• | iShares MSCI Global Agriculture Producers ETF |
• | iShares MSCI Global Energy Producers ETF |
• | iShares MSCI Global Metals & Mining Producers ETF |
• | iShares MSCI Malaysia ETF |
• | iShares MSCI South Korea Capped ETF |
• | iShares MSCI Taiwan ETF |
Diversified Funds | Non-Diversified Funds | |
iShares Core MSCI Emerging Markets ETF | iShares MSCI Brazil Capped ETF | |
iShares MSCI All Country World Minimum Volatility ETF | iShares MSCI Chile Capped ETF | |
iShares MSCI BRIC ETF | iShares MSCI Colombia Capped ETF | |
iShares MSCI Emerging Markets Asia ETF | iShares MSCI Frontier 100 ETF | |
iShares MSCI Emerging Markets ETF | iShares MSCI Global Agriculture Producers ETF | |
iShares MSCI Emerging Markets Minimum Volatility ETF | iShares MSCI Global Energy Producers ETF | |
iShares MSCI Emerging Markets Small-Cap ETF | iShares MSCI Global Metals & Mining Producers ETF | |
iShares MSCI Malaysia ETF | ||
iShares MSCI South Korea Capped ETF | ||
iShares MSCI Taiwan ETF |
• | where a non-resident investor has made any investment, directly or indirectly, in a Foreign Institutional Investor (“FII”) which has invested in India; |
• | investment by the non-resident investor in a fund or a fund pooling vehicle, which do not result in participation in control and management of the fund; or |
• | where a non-resident investor along with its associates, does not have more than a 26% share in total capital of the company. |
• | 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; |
• | FIIs that choose not to take any benefit under any tax treaty entered with India and has 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 investments made prior to August 30, 2010. |
• | Each Fund generally supports the board’s nominees in the election of directors and generally supports proposals that strengthen the independence of boards of directors; |
• | When a director has committed himself or herself to service on more than four public company boards (but no more than six public company boards in most circumstances), a Fund will consider such director’s individual circumstances in determining whether the director will be able to commit sufficient focus and time to a particular company; |
• | Each Fund generally defers to an issuer’s choice of auditors so long as the corporate auditors represent the interests of shareholders and provide an independent view of the propriety of financial reporting decisions of management; |
• | Each Fund generally favors disclosure of a company’s compensation and benefits policies and opposes excessive compensation, but believes that compensation matters are normally best determined by a company’s board of directors; |
• | Each Fund generally expects to support capital structure requests that it believes enhance the rights of common shareholders and oppose requests that appear to be unreasonably dilutive; |
• | Each Fund generally does not support proposals on social issues that lack a demonstrable economic benefit to the issuer and the Fund investing in such issuer; and |
• | Each Fund generally votes against anti-takeover proposals and proposals that would create additional barriers or costs to corporate transactions that are likely to deliver a premium to shareholders. |
• | MSCI Global Standard Indexes cover all investable large- and mid-cap securities by including approximately 85% of each market's free float-adjusted market capitalization. |
• | MSCI Global Small Cap Indexes provide coverage to all companies with a market capitalization below that of the companies in the MSCI Global Standard Indexes by including above and beyond the coverage of the MSCI Global Standard Indexes. |
• | Achieving global size integrity by ensuring that companies of comparable and relevant sizes are included in a given size segment across all markets in a composite index; and |
• | Achieving consistent market coverage by ensuring that each market's size segment is represented in its proportional weight in the composite universe. |
• | Semi-Annual Index Reviews (“SAIRs”), conducted on a fixed semi-annual timetable that systematically reassess the various dimensions of the equity universe for all markets; |
• | Quarterly Index Reviews (“QIRs”), aimed at promptly reflecting other significant market events; and |
• | Ongoing event-related changes, such as mergers, acquisitions, spin-offs, bankruptcies, reorganizations and other similar corporate events, which generally are implemented in the indexes as they occur. |
• | The maximum weight of an index constituent will be the lower of 1.5% or 20 times its weight in the MSCI Global Standard Index; |
• | The minimum weight of an index constituent will be 0.05%; |
• | For countries in the MSCI Global Standard Index with weight greater than or equal to 2.5%, the MSCI Global Minimum Volatility Indexes weight will not deviate by more than ±5% of its weight in the MSCI Global Standard Index; |
• | For countries in the MSCI Global Standard Index with weight less than 2.5%, the maximum MSCI Global Minimum Volatility Indexes weight will be three times its weight in the MSCI Global Standard Index; |
• | Sector weights will not deviate by more than ±5% from its weight in the MSCI Global Standard Index; |
• | Exposure to risk indices from Barra’s multi-factor risk model, including (i) Momentum; (ii) Value; (iii) Size; (iv) Size Nonlinearity; (v) Growth; (vi) Liquidity; and (vii) Financial Leverage will be limited to ±0.25 standard deviations relative to the MSCI Global Standard Index; exposure to the volatility risk index will be unlimited; and |
• | The maximum one-way turnover will be 10%. |
• | Poultry and Livestock: companies are included only if they are significantly involved in the breeding of animals by themselves or through contract farming; |
• | Dairy: manufacturers of milk and milk products such as cheese and yogurt, are excluded due to the absence of revenue break up; |
• | Sugar: manufacturers of sugar are included even if they do not farm sugarcane. Companies selling sweeteners, sugar free, syrups, etc. are excluded; |
• | Edible oil: companies processing edible oil without cultivating the plantation are excluded; |
• | Confectioneries and snacks: manufacturers of finished products are excluded due to their presence at the lower spectrum of the value chain; |
• | Coffee: coffee companies are excluded due to their reliance on external parties for raw materials; and |
• | Fishing: fishing companies are generally included whether they operate fisheries or receive their catch from the ocean. |
1. | Concentrate its investments in a particular industry, as that term is used in the Investment Company Act, except that the 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 the 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 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. |
a. | Make short sales of securities or maintain a short position, except to the extent permitted by the Fund’s Prospectus and Statement of Additional Information, as amended from time to time, and applicable law. |
1. | 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; |
2. | 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; |
3. | Pledge, hypothecate, mortgage or otherwise encumber its assets, except to secure permitted borrowings. (The deposit |
of underlying securities and other assets in escrow and collateral arrangements with respect to initial or variation margin for currency transactions and futures contracts will not be deemed to be pledges of the Fund’s assets); | |
4. | Purchase, hold or deal in real estate, or oil, gas or mineral interests or leases, but the Fund may purchase and sell securities that are issued by companies that invest or deal in such assets; |
5. | Act as an underwriter of securities of other issuers, except to the extent the Fund may be deemed an underwriter in connection with the sale of securities in its portfolio; |
6. | Purchase securities on margin, except for such short-term credits as are necessary for the clearance of transactions, except that the Fund may make margin deposits in connection with transactions in currencies, options, futures and options on futures; |
7. | Sell securities short; or |
8. | Invest in commodities or commodity contracts, except that the Fund may buy and sell currencies and forward contracts with respect thereto, and may transact in futures contracts on securities, stock indices and currencies and options on such futures contracts and make margin deposits in connection with such contracts. |
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 investing in securities of companies engaged in the production, ownership or distribution of commodities or in commodity-related businesses for the iShares Frontier 100 ETF, iShares MSCI Global Agriculture Producers ETF, iShares MSCI Global Energy Producers ETF and iShares MSCI Global Metals & Mining Producers ETF or 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. | Lend any funds or other assets except through the purchase of all or a portion of an issue of securities or obligations of |
the type in which it is permitted to invest (including participation interests in such securities or obligations) and except that a Fund may lend its portfolio securities in an amount not to exceed 33 1/3% of the value of its total assets; | |
2. | Issue senior securities or borrow money, except borrowings from banks for temporary or emergency purposes in an amount up to 33 1/3% of the value of the Fund’s total assets (including the amount borrowed), valued at the lesser of cost or market, less liabilities (not including the amount borrowed) valued at the time the borrowing is made, and the Fund will not purchase securities while borrowings in excess of 5% of the Fund’s total assets are outstanding, provided, that for purposes of this restriction, short-term credits necessary for the clearance of transactions are not considered borrowings; |
3. | Pledge, hypothecate, mortgage or otherwise encumber its assets, except to secure permitted borrowings. (The deposit of underlying securities and other assets in escrow and collateral arrangements with respect to initial or variation margin for currency transactions and futures contracts will not be deemed to be pledges of the Fund’s assets); |
4. | Purchase a security (other than obligations of the U.S. government, its agencies or instrumentalities) if as a result 25% or more of its total assets would be invested in a single issuer. (This restriction applies to the iShares MSCI South Korea Capped ETF only); |
5. | Purchase, hold or deal in real estate, or oil, gas or mineral interests or leases, but a Fund may purchase and sell securities that are issued by companies that invest or deal in such assets; |
6. | Act as an underwriter of securities of other issuers, except to the extent the Fund may be deemed an underwriter in connection with the sale of securities in its portfolio; |
7. | Purchase securities on margin, except for such short-term credits as are necessary for the clearance of transactions, except that a Fund may make margin deposits in connection with transactions in currencies, options, futures and options on futures; |
8. | Sell securities short; or |
9. | Invest in commodities or commodity contracts, except that a Fund may buy and sell currencies and forward contracts with respect thereto, and may transact in futures contracts on securities, stock indices and currencies and options on such futures contracts and make margin deposits in connection with such contracts. |
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 the 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, and 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. |
Fund | Industry or Industries | |
iShares MSCI Frontier 100 ETF | Banks | |
iShares MSCI Global Agriculture Producers ETF | Chemicals | |
iShares MSCI Global Energy Producers ETF | Oil & Gas | |
iShares MSCI Global Metals & Mining Producers ETF | Mining | |
iShares MSCI Global Metals & Mining Producers ETF | Iron & Steel | |
iShares MSCI Malaysia ETF | Banks | |
iShares MSCI South Korea ETF | Semiconductors | |
iShares MSCI Taiwan ETF | Semiconductors |
• | The frequency of trades and quotes for the security; |
• | The number of dealers wishing to purchase or sell the security and the number of other potential purchasers; |
• | Dealer undertakings to make a market in the security; and |
• | The nature of the security and the nature of the marketplace in which it trades (e.g., the time needed to dispose of the security, the method of soliciting offers and the mechanics of transfer). |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years |
Other
Directorships Held by Director | |||
Robert
S. Kapito1 (57) |
Director
(since 2009). |
President and Director, BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock, Inc.’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); President of the Board of Directors, Periwinkle Theatre for Youth (since 1983). | Trustee of iShares Trust (since 2009); Director of iShares MSCI Russia Capped ETF, Inc. (since 2010); Trustee of iShares U.S. ETF Trust (since 2011); Director of BlackRock, Inc. (since 2006). | |||
Mark
Wiedman2 (44) |
Director (since 2013). | Managing Director, BlackRock, Inc. (since 2007); Global Head of iShares (since 2011); Head of Corporate Strategy, BlackRock, Inc. (2009-2011). | Trustee of iShares Trust (since 2013); Director of iShares MSCI Russia Capped ETF, Inc. (since 2013); Trustee of iShares U.S. ETF Trust (since 2013); Director of PennyMac Financial Services, Inc. (since 2008). |
1 | Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Company due to his affiliations with BlackRock, Inc. |
2 | Mark Wiedman is deemed to be an “interested person” (as defined in the 1940 Act) of the Company 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 Director | |||
Robert
H. Silver (59) |
Director
(since 2007); Independent Chairman (since 2012). |
President and Co-Founder of The Bravitas Group, Inc. (since 2006); Director and Vice Chairman of the YMCA of Greater NYC (2001-2011); Broadway Producer (2006-2011); Co-Founder and Vice President of Parentgiving Inc. (since 2008); Director and Member of the Audit and Compensation Committee of EPAM Systems, Inc. (2006-2009); President and Chief Operating Officer of UBS Financial Services Inc. (formerly Paine Webber Inc.) (2003-2005) and various executive positions with UBS and its affiliates (1988-2005); CPA and Audit Manager of KPMG, LLP (formerly Peat Marwick Mitchell) (1977-1983). | Trustee of iShares Trust (since 2007); Director of iShares MSCI Russia Capped ETF, Inc. (since 2010); Trustee of iShares U.S. ETF Trust (since 2011); Independent Chairman of iShares Trust, iShares MSCI Russia Capped ETF, Inc. and iShares U.S. ETF Trust (since 2012). | |||
John
E. Martinez (53) |
Director
(since 2003); Securities Lending Committee Chair (since 2012). |
Director of FirstREX Agreement Corp. (formerly EquityRock, Inc.) (since 2005). | Trustee of iShares Trust (since 2003); Director of iShares MSCI Russia Capped ETF, Inc. (since 2010); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Cecilia
H. Herbert (65) |
Director
(since 2005); Nominating and Governance Committee Chair and Equity Plus Committee Chair (since 2012). |
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; Member (since 1992) and Chair (1994-2005) of the Investment Committee, Archdiocese of San Francisco; Trustee and Member of the Investment Committee, WNET, the New York public broadcasting/media company (since 2011). | Trustee of iShares Trust (since 2005); Director of iShares MSCI Russia Capped ETF, Inc. (since 2010); Trustee of iShares U.S. ETF Trust (since 2011); Director of Forward Funds (34 portfolios) (since 2009). | |||
Charles
A. Hurty (71) |
Director
(since 2005); Audit Committee Chair (since 2006). |
Retired; Partner, KPMG LLP (1968-2001). | Trustee of iShares Trust (since 2005); Director of iShares MSCI Russia Capped ETF, Inc. (since 2010); Trustee of iShares U.S. ETF Trust (since 2011); Director of GMAM Absolute Return Strategy Fund (1 portfolio) (since 2002); Director of SkyBridge Alternative Investments Multi-Adviser Hedge Fund Portfolios LLC (2 portfolios) (since 2002). |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years |
Other
Directorships Held by Director | |||
John
E. Kerrigan (59) |
Director
(since 2005); Fixed Income Plus Committee Chair (since 2012). |
Chief Investment Officer, Santa Clara University (since 2002). | Trustee of iShares Trust (since 2005); Director of iShares MSCI Russia Capped ETF, Inc. (since 2010); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Madhav
V. Rajan (50) |
Director
(since 2011); 15(c) Committee Chair (since 2012). |
Robert K. Jaedicke Professor of Accounting and Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (since 2001); Professor of Law (by courtesy), Stanford Law School (since 2005); Visiting Professor, University of Chicago (2007-2008). | Trustee
of iShares Trust (since 2011); Director of iShares MSCI Russia Capped ETF, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011); Director, Cavium, Inc. (since 2013). | |||
Jane
D. Carlin (59) |
Director
(since 2015). |
Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley Group (2006-2012). | Trustee of iShares Trust (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Director of PHH Corporation (mortgage solutions) (since 2012). |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years | ||
Manish
Mehta (43) |
President (since 2013). | Managing Director, BlackRock, Inc. (since 2009); Chief Operating Officer for iShares (since 2009); Head of Strategy and Corporate Development, BGI (2005-2009); Chief of Staff to the CEO, BGI (2005-2009). | ||
Jack
Gee (55) |
Treasurer
and Chief Financial Officer (since 2008). |
Managing Director, BlackRock, Inc. (since 2009); Senior Director of Fund Administration of Intermediary Investor Business, BGI (2009); Director of Fund Administration of Intermediary Investor Business, BGI (2004-2009). | ||
Benjamin
Archibald (40) |
Secretary (since 2015). | Managing Director, BlackRock, Inc. (since 2014); Director, BlackRock, Inc. (2010-2013); Secretary of the iShares exchange traded funds (since 2015); Secretary of the BlackRock-advised mutual funds (since 2012). |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years | ||
Scott
Radell (46) |
Executive
Vice President (since 2012). |
Managing Director, BlackRock, Inc. (since 2009); Head of Portfolio Solutions, BlackRock, Inc. (since 2009); Head of Portfolio Solutions, BGI (2007-2009); Credit Portfolio Manager, BGI (2005-2007); Credit Research Analyst, BGI (2003-2005). | ||
Amy
Schioldager (52) |
Executive
Vice President (since 2007). |
Senior Managing Director, BlackRock, Inc. (since 2009); Global Head of Index Equity, BGI (2008-2009); Global Head of U.S. Indexing, BGI (2006-2008); Head of Domestic Equity Portfolio Management, BGI (2001-2006). |
Name of Director | Fund | Dollar
Range of Equity Securities in the Fund |
Aggregate
Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Director in Family of Investment Companies | |||
Robert S. Kapito | None | None | None | |||
Mark Wiedman1 | iShares Core MSCI EAFE ETF | Over $100,000 | Over $100,000 | |||
iShares Core MSCI Emerging Markets ETF | $50,001-$100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $50,001-$100,000 | |||||
Robert H. Silver | iShares iBonds Sep 2015 AMT-Free Muni Bond ETF | Over $100,000 | Over $100,000 | |||
iShares iBonds Sep 2016 AMT-Free Muni Bond ETF | Over $100,000 | |||||
iShares iBonds Sep 2017 AMT-Free Muni Bond ETF | Over $100,000 | |||||
iShares iBonds Sep 2018 AMT-Free Muni Bond ETF | Over $100,000 | |||||
iShares Core High Dividend ETF | Over $100,000 | |||||
iShares Core MSCI EAFE ETF | Over $100,000 | |||||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | Over $100,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P Mid-Cap ETF | Over $100,000 | |||||
iShares Core S&P Small-Cap ETF | Over $100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | Over $100,000 | |||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | Over $100,000 | |||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | $1-$10,000 | |||||
iShares MSCI ACWI ex U.S. ETF | $1-$10,000 | |||||
iShares MSCI BRIC ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets ETF | $1-$10,000 | |||||
iShares MSCI Frontier 100 ETF | $50,001-$100,000 | |||||
iShares National AMT-Free Muni Bond ETF | Over $100,000 | |||||
iShares Russell 1000 Growth ETF | Over $100,000 | |||||
iShares Russell 1000 Value ETF | Over $100,000 | |||||
iShares Russell 2000 ETF | $10,001-$50,000 | |||||
iShares Russell 2000 Growth ETF | Over $100,000 | |||||
iShares Russell 2000 Value ETF | Over $100,000 | |||||
iShares Russell 3000 ETF | Over $100,000 | |||||
iShares Russell Mid-Cap Growth ETF | $1-$10,000 | |||||
iShares Russell Mid-Cap Value ETF | $1-$10,000 |
Name of Director | Fund | Dollar
Range of Equity Securities in the Fund |
Aggregate
Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Director in Family of Investment Companies | |||
iShares Select Dividend ETF | $10,001-$50,000 | |||||
iShares U.S. Broker-Dealers ETF | Over $100,000 | |||||
iShares U.S. Financial Services ETF | $50,001-$100,000 | |||||
iShares U.S. Preferred Stock ETF | Over $100,000 | |||||
iShares U.S. Regional Banks ETF | Over $100,000 | |||||
iShares U.S. Technology ETF | $50,001-$100,000 | |||||
George G.C. Parker | iShares California AMT-Free Muni Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core U.S. Aggregate Bond ETF | $10,001-$50,000 | |||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | Over $100,000 | |||||
iShares MSCI EAFE ETF | Over $100,000 | |||||
iShares S&P 100 ETF | Over $100,000 | |||||
iShares Select Dividend ETF | Over $100,000 | |||||
John E. Martinez | iShares Core MSCI Emerging Markets ETF | $50,001-$100,000 | Over $100,000 | |||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Emerging Markets Infrastructure ETF | Over $100,000 | |||||
iShares Global Consumer Staples ETF | Over $100,000 | |||||
iShares MSCI All Country Asia ex Japan 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 | |||||
iShares TIPS Bond ETF | Over $100,000 | |||||
Cecilia H. Herbert | iShares China Large-Cap ETF | Over $100,000 | Over $100,000 | |||
iShares Core MSCI Emerging Markets ETF | $10,001-$50,000 | |||||
iShares Core MSCI Total International Stock ETF | $10,001-$50,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $10,001-$50,000 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | $10,001-$50,000 | |||||
iShares International Select Dividend ETF | $1-$10,000 | |||||
iShares MSCI EAFE ETF | $10,001-$50,000 | |||||
iShares MSCI Emerging Markets ETF | $1-$10,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares National AMT-Free Muni Bond ETF | $10,001-$50,000 |
Name of Director | Fund | Dollar
Range of Equity Securities in the Fund |
Aggregate
Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Director in Family of Investment Companies | |||
iShares U.S. Preferred Stock ETF | $10,001-$50,000 | |||||
Charles A. Hurty | iShares China Large-Cap ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core High Dividend ETF | $10,001-$50,000 | |||||
iShares Core MSCI Emerging Markets ETF | $50,001-$100,000 | |||||
iShares Core S&P 500 ETF | $10,001-$50,000 | |||||
iShares Global Energy ETF | $10,001-$50,000 | |||||
iShares Global Tech ETF | $10,001-$50,000 | |||||
iShares MSCI EAFE ETF | $10,001-$50,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares North American Tech-Multimedia Networking ETF | $1-$10,000 | |||||
iShares U.S. Energy ETF | $10,001-$50,000 | |||||
iShares U.S. Financials ETF | $1-$10,000 | |||||
iShares U.S. Technology ETF | $50,001-$100,000 | |||||
John E. Kerrigan | iShares MSCI ACWI ex U.S. ETF | Over $100,000 | Over $100,000 | |||
iShares Short-Term National AMT-Free Muni Bond ETF | Over $100,000 | |||||
Madhav V. Rajan | iShares Core High Dividend ETF | Over $100,000 | Over $100,000 | |||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | $50,001-$100,000 | |||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | Over $100,000 | |||||
iShares Select Dividend ETF | Over $100,000 | |||||
Jane D. Carlin2 | iShares Core MSCI EAFE ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core S&P Small-Cap ETF | $10,001-$50,000 | |||||
iShares Global Tech ETF | $50,001-$100,000 |
Directors | iShares
Core MSCI Emerging Markets ETF |
iShares
MSCI All Country World Minimum Volatility ETF |
iShares
MSCI Brazil Capped ETF |
iShares
MSCI BRIC ETF | ||||
Independent Directors:1 | ||||||||
Robert H. Silver | $ 2,549 | $ 573 | $2,469 | $ 187 | ||||
George G.C. Parker | 2,157 | 485 | 2,089 | 158 | ||||
John E. Martinez | 2,274 | 511 | 2,203 | 167 | ||||
Cecilia H. Herbert | 2,392 | 538 | 2,317 | 175 | ||||
Charles A. Hurty | 2,470 | 556 | 2,393 | 181 | ||||
John E. Kerrigan | 3,797 | 511 | 2,203 | 1,689 | ||||
Madhav V. Rajan | 2,966 | 511 | 2,203 | 859 | ||||
Interested Directors: | ||||||||
Robert S. Kapito | $ 0 | $ 0 | $ 0 | $ 0 | ||||
Mark Wiedman2 | 0 | 0 | 0 | 0 | ||||
Michael Latham3 | 0 | 0 | 0 | 0 |
Directors | iShares
MSCI Chile Capped ETF |
iShares
MSCI Colombia Capped ETF |
iShares
MSCI Emerging Markets Asia ETF |
iShares
MSCI Emerging Markets ETF | ||||
Independent Directors:1 | ||||||||
Robert H. Silver | $ 144 | $ 12 | $ 37 | $ 19,988 | ||||
George G.C. Parker | 122 | 10 | 31 | 16,913 | ||||
John E. Martinez | 129 | 10 | 33 | 17,836 | ||||
Cecilia H. Herbert | 135 | 11 | 34 | 18,758 | ||||
Charles A. Hurty | 140 | 11 | 36 | 19,373 | ||||
John E. Kerrigan | 129 | 10 | 1,555 | 19,358 | ||||
Madhav V. Rajan | 129 | 10 | 725 | 18,528 | ||||
Interested Directors:1 |
Directors | iShares
MSCI Chile Capped ETF |
iShares
MSCI Colombia Capped ETF |
iShares
MSCI Emerging Markets Asia ETF |
iShares
MSCI Emerging Markets ETF | ||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Mark Wiedman2 | 0 | 0 | 0 | 0 | ||||
Michael Latham3 | 0 | 0 | 0 | 0 |
Directors | iShares
MSCI Emerging Markets Minimum Volatility ETF |
iShares
MSCI Emerging Markets Small-Cap ETF |
iShares
MSCI Frontier 100 ETF1 |
iShares
MSCI Global Agriculture Producers ETF | ||||
Independent Directors:1 | ||||||||
Robert H. Silver | $ 927 | $ 20 | $363 | $ 21 | ||||
George G.C. Parker | 784 | 17 | 307 | 18 | ||||
John E. Martinez | 827 | 18 | 324 | 19 | ||||
Cecilia H. Herbert | 870 | 19 | 341 | 20 | ||||
Charles A. Hurty | 898 | 19 | 352 | 20 | ||||
John E. Kerrigan | 2,350 | 1,540 | 324 | 19 | ||||
Madhav V. Rajan | 1,519 | 710 | 324 | 19 | ||||
Interested Directors:1 | ||||||||
Robert S. Kapito | $ 0 | $ 0 | $ 0 | $ 0 | ||||
Mark Wiedman2 | 0 | 0 | 0 | 0 | ||||
Michael Latham3 | 0 | 0 | 0 | 0 |
Directors | iShares
MSCI Global Energy Producers ETF |
iShares
MSCI Global Metals & Mining Producers ETF |
iShares
MSCI Malaysia ETF |
iShares
MSCI South Korea Capped ETF |
iShares
MSCI Taiwan ETF | |||||
Independent Directors:1 | ||||||||||
Robert H. Silver | $4 | $83 | $ 357 | $ 2,220 | $ 1,492 | |||||
George G.C. Parker | 3 | 71 | 302 | 1,879 | 1,263 | |||||
John E. Martinez | 3 | 74 | 319 | 1,981 | 1,332 | |||||
Cecilia H. Herbert | 4 | 78 | 335 | 2,083 | 1,401 | |||||
Charles A. Hurty | 4 | 81 | 346 | 2,152 | 1,447 | |||||
John E. Kerrigan | 3 | 74 | 319 | 1,981 | 1,332 | |||||
Madhav V. Rajan | 3 | 74 | 319 | 1,981 | 1,332 | |||||
Interested Directors:1 | ||||||||||
Robert S. Kapito | $0 | $ 0 | $ 0 | $ 0 | $ 0 | |||||
Mark Wiedman2 | 0 | 0 | 0 | 0 | 0 | |||||
Michael Latham3 | 0 | 0 | 0 | 0 | 0 |
Directors | Pension
or Retirement Benefits Accrued As Part of Company Expenses4 |
Estimated
Annual Benefits Upon Retirement4 |
Total
Compensation From the Funds and Fund Complex5 | |||
Independent Directors:1 | ||||||
Directors | Pension
or Retirement Benefits Accrued As Part of Company Expenses4 |
Estimated
Annual Benefits Upon Retirement4 |
Total
Compensation From the Funds and Fund Complex5 | |||
Robert H. Silver | Not Applicable | Not Applicable | $ 325,000 | |||
George G.C. Parker | Not Applicable | Not Applicable | 275,000 | |||
John E. Martinez | Not Applicable | Not Applicable | 290,000 | |||
Cecilia H. Herbert | Not Applicable | Not Applicable | 305,000 | |||
Charles A. Hurty | Not Applicable | Not Applicable | 315,000 | |||
John E. Kerrigan | Not Applicable | Not Applicable | 315,882 | |||
Madhav V. Rajan | Not Applicable | Not Applicable | 301,765 | |||
Interested Directors: | ||||||
Robert S. Kapito | Not Applicable | Not Applicable | $ 0 | |||
Mark Wiedman2 | Not Applicable | Not Applicable | 0 | |||
Michael Latham3 | Not Applicable | Not Applicable | 0 | |||
1 | Compensation is not shown for Jane D. Carlin because she was appointed to serve as an Independent Director of the Company effective February 3, 2015. |
2 | Appointed to serve as an Interested Director effective December 31, 2013. |
3 | Served as an Interested Director through December 31, 2013. |
4 | No Director or officer is entitled to any pension or retirement benefits from the Company. |
5 | Includes compensation for service on the Boards of Trustees of iShares Trust and iShares U.S. ETF Trust and the Board of Directors of iShares MSCI Russia Capped ETF, Inc. |
Fund | Name | Percentage
of Ownership | ||
iShares Core MSCI Emerging Markets ETF | State
Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
16.80% | ||
Merrill
Lynch, Pierce Fenner & Smith Safekeeping 101 Hudson Street 8th Floor Jersey City, NJ 07302 |
13.50% | |||
National
Financial Services LLC 200 Liberty Street 5th Floor New York, NY 10281 |
11.51% |
Fund | Name | Percentage
of Ownership | ||
UBS
Financial Services Inc. 1000 Harbor Blvd. 4th Floor Weehawken, NJ 07087 |
7.76% | |||
TD
Ameritrade Clearing, Inc. 1005 N. Ameritrade Place Bellevue, NE 68005 |
6.49% | |||
Charles
Schwab & Co., Inc. 111 Pavonia Avenue Jersey City, NJ 07310 |
5.07% | |||
iShares MSCI All Country World Minimum Volatility ETF | Northern
Trust Company/ United Nations Joint Staff Pension Fund 50 South LaSalle Street Chicago, IL 60675 |
41.63% | ||
Citibank,
N.A. 3800 CitiBank Center Tampa Building A/Floor 2 Tampa, FL 33610 |
5.80% | |||
Brown
Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
5.62% | |||
iShares MSCI Brazil Capped ETF | Brown
Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
9.61% | ||
Deutsche
Bank Securities Inc./Cedear 1251 Avenue of the Americas New York, NY 10020 |
8.45% | |||
Credit
Suisse Securities (USA) LLC One Madison Ave 3rd Floor New York, NY 10010 |
7.33% | |||
The
Bank of New York Mellon 401 Salina Street 2nd Floor Syracuse, NY 13202 |
7.21% | |||
State
Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
6.16% | |||
Goldman
Sachs International 30 Hudson Street Jersey City, NJ 07302 |
5.96% | |||
Merrill
Lynch, Pierce, Fenner & Smith Incorporated 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
5.27% |
Fund | Name | Percentage
of Ownership | ||
Citibank,
N.A. 3800 CitiBank Center Tampa Building A/Floor 2 Tampa, FL 33610 |
5.02% | |||
iShares MSCI BRIC ETF | National
Financial Services LLC 200 Liberty Street 5th Floor New York, NY 10281 |
10.03% | ||
Computershare
Trust Company, N.A. 250 Royall Street Canton, MA 02021 |
9.40% | |||
Brown
Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
8.95% | |||
TD
Ameritrade Clearing, Inc. 1005 N. Ameritrade Place Bellevue, NE 68005 |
7.27% | |||
Morgan
Stanley & Co. Harborside Financial Center Plaza 3, 1st Floor Jersey City, NJ 07311 |
6.30% | |||
Charles
Schwab & Co., Inc. 111 Pavonia Avenue Jersey City, NJ 07310 |
5.88% | |||
iShares MSCI Chile Capped ETF | Brown
Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
24.88% | ||
JPMorgan
Chase Bank, National Association 14201 Dallas Pkwy 12th Floor Dallas, TX 75240 |
7.72% | |||
Pershing
LLC One Pershing Plaza Jersey City, NJ 07399 |
7.38% | |||
Charles
Schwab & Co., Inc. 111 Pavonia Avenue Jersey City, NJ 07310 |
5.17% | |||
The
Bank of New York Mellon 401 Salina Street 2nd Floor Syracuse, NY 13202 |
5.05% | |||
iShares MSCI Colombia Capped ETF | JPMorgan
Chase Bank, National Association 14201 Dallas Pkwy 12th Floor Dallas, TX 75240 |
79.32% |
Fund | Name | Percentage
of Ownership | ||
J.P.
Morgan Clearing Corp One Metrotech Center North Brooklyn, NY 11201 |
5.75% | |||
iShares MSCI Emerging Markets Asia ETF | Charles
Schwab & Co., Inc. 111 Pavonia Avenue Jersey City, NJ 07310 |
44.39% | ||
RBC
Capital Markets Corporation One Liberty Plaza New York, NY 10006-1446 |
10.26% | |||
National
Financial Services LLC 200 Liberty Street 5th Floor New York, NY 10281 |
7.41% | |||
iShares MSCI Emerging Markets ETF | State
Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
14.32% | ||
Mellon
Trust of New England, National Association Three Mellon Bank Center Floor 1533700 Pittsburgh, PA 15259 |
12.74% | |||
Brown
Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
9.00% | |||
JPMorgan
Chase Bank, National Association 14201 Dallas Pkwy 12th Floor Dallas, TX 75240 |
5.42% | |||
iShares MSCI Emerging Markets Minimum Volatility ETF | Bank
of America, National Association 411 N. Akard Street 5th Floor Dallas, TX 75201 |
11.07% | ||
Charles
Schwab & Co., Inc. 111 Pavonia Avenue Jersey City, NJ 07310 |
9.75% | |||
National
Financial Services LLC 200 Liberty Street 5th Floor New York, NY 10281 |
9.48% | |||
Morgan
Stanley & Co. Harborside Financial Center Plaza 3, 1st Floor Jersey City, NJ 07311 |
9.40% | |||
BlackRock
Institutional Trust Company, N.A. 400 Howard Street San Francisco, CA 94105 |
6.02% |
Fund | Name | Percentage
of Ownership | ||
Mellon
Trust of New England, National Association Three Mellon Bank Center Floor 1533700 Pittsburgh, PA 15259 |
5.77% | |||
UBS
Financial Services Inc. 1000 Harbor Blvd. 4th Floor Weehawken, NJ 07087 |
5.26% | |||
iShares MSCI Emerging Markets Small-Cap ETF | National
Financial Services LLC 200 Liberty Street 5th Floor New York, NY 10281 |
30.84% | ||
Charles
Schwab & Co., Inc. 111 Pavonia Avenue Jersey City, NJ 07310 |
16.88% | |||
Merrill
Lynch, Pierce, Fenner & Smith Incorporated 101 Hudson Street 9th Floor Jersey City, NJ 07302-3997 |
6.50% | |||
Citibank,
N.A. 3800 CitiBank Center Tampa Building A/Floor 2 Tampa, FL 33610 |
6.28% | |||
TD
Ameritrade Clearing, Inc. 1005 N. Ameritrade Place Bellevue, NE 68005 |
5.06% | |||
iShares MSCI Frontier 100 ETF | National
Financial Services LLC 200 Liberty Street 5th Floor New York, NY 10281 |
14.22% | ||
Charles
Schwab & Co., Inc. 111 Pavonia Avenue Jersey City, NJ 07310 |
10.06% | |||
The
Bank of New York Mellon 401 Salina Street 2nd Floor Syracuse, NY 13202 |
6.21% | |||
Morgan
Stanley & Co. Harborside Financial Center Plaza 3, 1st Floor Jersey City, NJ 07311 |
5.64% | |||
TD
Ameritrade Clearing, Inc. 1005 N. Ameritrade Place Bellevue, NE 68005 |
5.40% |
Fund | Name | Percentage
of Ownership | ||
Northern
Trust Company/ United Nations Joint Staff Pension Fund 50 South LaSalle Street Chicago, IL 60675 |
5.39% | |||
Merrill
Lynch, Pierce Fenner & Smith Safekeeping 101 Hudson Street 8th Floor Jersey City, NJ 07302 |
5.35% | |||
iShares MSCI Global Agriculture Producers ETF | National
Financial Services LLC 200 Liberty Street 5th Floor New York, NY 10281 |
23.73% | ||
The
Bank of New York Mellon 401 Salina Street 2nd Floor Syracuse, NY 13202 |
13.02% | |||
Pershing
LLC One Pershing Plaza Jersey City, NJ 07399 |
10.51% | |||
J.P.
Morgan Clearing Corp One Metrotech Center North Brooklyn, NY 11201 |
10.01% | |||
State
Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
8.57% | |||
iShares MSCI Global Energy Producers ETF | Pershing
LLC One Pershing Plaza Jersey City, NJ 07399 |
25.72% | ||
National
Financial Services LLC 200 Liberty Street 5th Floor New York, NY 10281 |
12.62% | |||
Charles
Schwab & Co., Inc. 111 Pavonia Avenue Jersey City, NJ 07310 |
9.47% | |||
Merrill
Lynch, Pierce Fenner & Smith Safekeeping 101 Hudson Street 8th Floor Jersey City, NJ 07302 |
8.84% | |||
iShares MSCI Global Metals & Mining Producers ETF | Citibank,
N.A. 3800 CitiBank Center Tampa Building A/Floor 2 Tampa, FL 33610 |
72.65% |
Fund | Name | Percentage
of Ownership | ||
National
Financial Services LLC 200 Liberty Street 5th Floor New York, NY 10281 |
5.35% | |||
iShares MSCI Malaysia ETF | State
Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
19.63% | ||
Brown
Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
16.56% | |||
First
Clearing, LLC 901 East Byrd Street Richmond, VA 23219 |
15.90% | |||
iShares MSCI South Korea Capped ETF | Citibank,
N.A. 3800 CitiBank Center Tampa Building A/Floor 2 Tampa, FL 33610 |
16.23% | ||
State
Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
13.63% | |||
Brown
Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
12.83% | |||
The
Bank of New York Mellon 401 Salina Street 2nd Floor Syracuse, NY 13202 |
6.13% | |||
Deutsche
Bank Securities Inc./Cedear 1251 Avenue of the Americas New York, NY 10020 |
5.43% | |||
iShares MSCI Taiwan ETF | Brown
Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
29.91% | ||
State
Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
15.38% | |||
JPMorgan
Chase Bank, National Association 14201 Dallas Pkwy 12th Floor Dallas, TX 75240 |
6.70% | |||
Northern
Trust Company/ United Nations Joint Staff Pension Fund 50 South LaSalle Street Chicago, IL 60675 |
5.89% |
Fund | Name | Percentage
of Ownership | ||
The
Bank of New York Mellon 401 Salina Street 2nd Floor Syracuse, NY 13202 |
5.89% |
Fund | Management
Fee for the Fiscal Year Ended August 31, 2014 |
Fund
Inception Date |
Management
Fees Paid For Fiscal Year Ended August 31, 2014 |
Management
Fees Paid For Fiscal Year Ended August 31, 2013 |
Management
Fees Paid For Fiscal Year Ended August 31, 2012 | |||||
iShares Core MSCI Emerging Markets ETF1,2 | 0.18% | 10/18/12 | $ 6,606,028 | $ 1,376,356 | N/A | |||||
iShares MSCI All Country World Minimum Volatility ETF3 | 0.33% | 10/18/11 | 3,757,055 | 2,816,648 | $ 538,193 | |||||
iShares MSCI Brazil Capped ETF | 0.62% | 07/10/00 | 29,033,197 | 47,012,111 | 55,389,902 | |||||
iShares MSCI BRIC ETF | 0.68% | 11/12/07 | 2,950,620 | 4,460,564 | 5,399,206 | |||||
iShares MSCI Chile Capped ETF | 0.62% | 11/12/07 | 2,104,233 | 3,237,806 | 3,655,560 | |||||
iShares MSCI Colombia Capped ETF | 0.61% | 06/18/13 | 129,378 | 19,007 | N/A | |||||
iShares MSCI Emerging Markets Asia ETF4 | 0.68% | 02/08/12 | 296,354 | 481,059 | 64,202 | |||||
iShares MSCI Emerging Markets ETF5 | 0.68% | 04/07/03 | 258,410,222 | 281,065,191 | 238,711,967 | |||||
iShares MSCI Emerging Markets Minimum Volatility ETF6 | 0.67% | 10/18/11 | 15,031,499 | 9,484,500 | 726,408 | |||||
iShares MSCI Emerging Markets Small-Cap ETF | 0.67% | 08/16/11 | 247,131 | 133,724 | 246,547 | |||||
iShares MSCI Frontier 100 ETF | 0.79% | 09/12/12 | 4,380,187 | 690,651 | N/A | |||||
iShares MSCI Global Agriculture Producers ETF7 | 0.39% | 01/31/12 | 162,274 | 81,354 | 11,217 | |||||
iShares MSCI Global Energy Producers ETF | 0.39% | 01/31/12 | 21,673 | 18,793 | 10,385 | |||||
iShares MSCI Global Metals & Mining Producers ETF8 | 0.39% | 01/31/12 | 670,187 | 884,095 | 6,435 | |||||
iShares MSCI Malaysia ETF | 0.48% | 03/12/96 | 3,846,410 | 4,872,823 | 4,728,077 | |||||
iShares MSCI South Korea Capped ETF | 0.62% | 05/09/00 | 26,444,377 | 19,187,742 | 19,188,641 | |||||
iShares MSCI Taiwan ETF | 0.62% | 06/20/00 | 18,110,836 | 15,871,664 | 14,284,338 |
1 | For the iShares Core MSCI Emerging Markets ETF, BFA has contractually agreed to waive a portion of its management fee in an amount equal to the Fund’s pro rata share of the fees and expenses attributable to the Fund’s investments in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc., “Acquired Fund Fees and Expenses,” until December 31, 2015. The contractual waiver may be terminated prior to December 31, 2015 only upon written agreement of the Company and BFA. For the fiscal years ended August 31, 2013 and August 31, 2014, BFA waived $116,082 and $0, respectively, of its management fees. BFA may voluntarily waive a portion of its management fee, as it determines, from time to time. Any such voluntary waiver or reimbursement may be eliminated by BFA at any time. For the fiscal years ended August 31, 2013 and August 31, 2014, respectively, BFA waived $875,684 and $501,946 of its management fees. As of November 1, 2013, the voluntary waiver is no longer in effect. |
2 | Effective November 10, 2015, the management fee for iShares Core MSCI Emerging Markets ETF is 0.16%. Prior to November 10, 2015, the management fee for iShares Core MSCI Emerging Markets ETF was 0.18%. |
3 | For the iShares MSCI All Country World Minimum Volatility ETF, BFA has contractually agreed to waive a portion of its management fees, in an amount equal to the Fund's pro rata share of the fees and expenses attributable to the Fund's investments in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc., “Acquired Fund Fees and Expenses,” until December 31, 2015. The contractual waiver may be terminated prior to December 31, 2015 only upon written agreement of the Company and BFA. For the fiscal years ended August 31, 2012, August 31, 2013 and August 31, 2014, BFA waived $6,796, $20,001 and $6,390, respectively, of its management fees. Effective September 11, 2014, BFA has contractually agreed to waive any additional portion of its management fee necessary to limit the Total Annual Fund Operating Expenses to 0.20% of average daily net assets until December 31, 2015. The contractual waiver may be terminated prior to December 31, 2015 only upon written agreement of the Company and BFA. For the fiscal years ended August 31, 2012, August 31, 2013 and August 31, 2014, BFA voluntarily waived $171,948, $1,136,018 and $1,493,893, respectively, of its management fees. As of September 12, 2014, the voluntary waiver is no longer in effect. |
4 | For the iShares MSCI Emerging Markets Asia ETF, BFA has contractually agreed to waive a portion of its management fee for its investment advisory services to the Fund in order to limit Total Annual Fund Operating Expenses to 0.49% of average daily net assets until December 31, 2015. The contractual waiver may be terminated prior to December 31, 2015 only upon written agreement of the Company and BFA. For the fiscal years ended August 31, 2012, August 31, 2013 and August 31, 2014, BFA waived $17,939, $134,414 and $82,805, respectively, of its management fees. |
5 | For the iShares MSCI Emerging Markets ETF, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the Fund's pro rata share of the fees and expenses attributable to the Fund's investments in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc., “Acquired Fund Fees and Expenses,” until December 31, 2015. The contractual waiver may be terminated prior to December 31, 2015 only upon written agreement of the Company and BFA. For the fiscal years ended August 31, 2012, August 31, 2013 and August 31, 2014, BFA waived $4,168, $0 and $0, respectively, of its management fees. For the fiscal years ended August 31, 2012, August 31, 2013 and August 31, 2014, BFA voluntarily waived $2,966,217, $427,889 and $784,811, respectively, of its management fees. As of September 12, 2014, the voluntary waiver is no longer in effect. |
6 | For the iShares MSCI Emerging Markets Minimum Volatility ETF, BFA has contractually agreed to waive a portion of its management fee for its investment advisory services to the Fund in order to limit Total Annual Fund Operating Expenses to 0.25% of average daily net assets until December |
31, 2015. The contractual waiver may be terminated prior to December 31, 2015 only upon written agreement of the Company and BFA. For the fiscal years ended August 31, 2012, August 31, 2013 and August 31, 2014, BFA waived $461,865, $5,941,097 and $9,452,759, respectively, of its management fees. | |
7 | For the iShares MSCI Global Agriculture Producers ETF, BFA has contractually agreed to waive a portion of its management fee in an amount equal to the Fund’s pro rata share of the fees and expenses attributable to the Fund’s investments in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc., “Acquired Fund Fees and Expenses,” until December 31, 2015. The contractual waiver may be terminated prior to December 31, 2015 only upon written agreement of the Company and BFA. For the fiscal years ended August 31, 2012, August 31, 2013 and August 31, 2014, BFA waived $206, $1,448 and $2,676, respectively, of its management fees. |
8 | For the iShares MSCI Global Metals & Mining Producers ETF, BFA has contractually agreed to waive a portion of its management fee in an amount equal to the Fund’s pro rata share of the fees and expenses attributable to the Fund’s investments in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc., “Acquired Fund Fees and Expenses,” until December 31, 2015. The contractual waiver may be terminated prior to December 31, 2015 only upon written agreement of the Company and BFA. For the fiscal years ended August 31, 2012, August 31, 2013 and August 31, 2014, BFA waived $0, $0 and $0, respectively, of its management fees. |
Matthew Goff | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 236 | $525,000,000,000 | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 2 | 200,000,000 | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Diane Hsiung | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 236 | $525,000,000,000 | ||
Other Pooled Investment Vehicles | 21 | 7,750,000,000 | ||
Other Accounts | 0 | N/A | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Jennifer Hsui | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 238 | $526,000,000,000 | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Jennifer Hsui | ||||
Types of Accounts | Number | Total Assets | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Greg Savage | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 302 | $590,000,000,000 | ||
Other Pooled Investment Vehicles | 89 | 45,000,000,000 | ||
Other Accounts | 12 | 1,500,000,000 | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Matthew Goff | ||||
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 |
Diane Hsiung | ||||
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 | ||||
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 |
Matthew Goff | |||||||||||||||
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 Core MSCI Emerging Markets ETF | X | ||||||||||||||
iShares MSCI All Country World Minimum Volatility ETF | X | ||||||||||||||
iShares MSCI Brazil Capped ETF | X | ||||||||||||||
iShares MSCI BRIC ETF | X | ||||||||||||||
iShares MSCI Chile Capped ETF | X | ||||||||||||||
iShares MSCI Colombia Capped ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Asia ETF | X | ||||||||||||||
iShares MSCI Emerging Markets ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Minimum Volatility ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Small-Cap ETF | X | ||||||||||||||
iShares MSCI Frontier 100 ETF | X | ||||||||||||||
iShares MSCI Global Agriculture Producers ETF | X | ||||||||||||||
iShares MSCI Global Energy Producers ETF | X | ||||||||||||||
iShares MSCI Global Metals & Mining Producers ETF | X | ||||||||||||||
iShares MSCI Malaysia ETF | X | ||||||||||||||
iShares MSCI South Korea Capped ETF | X | ||||||||||||||
iShares MSCI Taiwan ETF | X |
Diane Hsiung | |||||||||||||||
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 Core MSCI Emerging Markets ETF | X | ||||||||||||||
iShares MSCI All Country World Minimum Volatility ETF | X | ||||||||||||||
iShares MSCI Brazil Capped ETF | X | ||||||||||||||
iShares MSCI BRIC ETF | X | ||||||||||||||
iShares MSCI Chile Capped ETF | X |
Diane Hsiung | |||||||||||||||
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 MSCI Colombia Capped ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Asia ETF | X | ||||||||||||||
iShares MSCI Emerging Markets ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Minimum Volatility ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Small-Cap ETF | X | ||||||||||||||
iShares MSCI Frontier 100 ETF | X | ||||||||||||||
iShares MSCI Global Agriculture Producers ETF | X | ||||||||||||||
iShares MSCI Global Energy Producers ETF | X | ||||||||||||||
iShares MSCI Global Metals & Mining Producers ETF | X | ||||||||||||||
iShares MSCI Malaysia ETF | X | ||||||||||||||
iShares MSCI South Korea Capped ETF | X | ||||||||||||||
iShares MSCI Taiwan 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 Core MSCI Emerging Markets ETF | X | ||||||||||||||
iShares MSCI All Country World Minimum Volatility ETF | X | ||||||||||||||
iShares MSCI Brazil Capped ETF | X | ||||||||||||||
iShares MSCI BRIC ETF | X | ||||||||||||||
iShares MSCI Chile Capped ETF | X | ||||||||||||||
iShares MSCI Colombia Capped ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Asia ETF | X | ||||||||||||||
iShares MSCI Emerging Markets ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Minimum Volatility ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Small-Cap ETF | X | ||||||||||||||
iShares MSCI Frontier 100 ETF | X | ||||||||||||||
iShares MSCI Global Agriculture Producers ETF | X | ||||||||||||||
iShares MSCI Global Energy Producers ETF | X | ||||||||||||||
iShares MSCI Global Metals & Mining Producers ETF | X | ||||||||||||||
iShares MSCI Malaysia ETF | X | ||||||||||||||
iShares MSCI South Korea Capped ETF | X | ||||||||||||||
iShares MSCI Taiwan 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 Core MSCI Emerging Markets 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 MSCI All Country World Minimum Volatility ETF | X | ||||||||||||||
iShares MSCI Brazil Capped ETF | X | ||||||||||||||
iShares MSCI BRIC ETF | X | ||||||||||||||
iShares MSCI Chile Capped ETF | X | ||||||||||||||
iShares MSCI Colombia Capped ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Asia ETF | X | ||||||||||||||
iShares MSCI Emerging Markets ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Minimum Volatility ETF | X | ||||||||||||||
iShares MSCI Emerging Markets Small-Cap ETF | X | ||||||||||||||
iShares MSCI Frontier 100 ETF | X | ||||||||||||||
iShares MSCI Global Agriculture Producers ETF | X | ||||||||||||||
iShares MSCI Global Energy Producers ETF | X | ||||||||||||||
iShares MSCI Global Metals & Mining Producers ETF | X | ||||||||||||||
iShares MSCI Malaysia ETF | X | ||||||||||||||
iShares MSCI South Korea Capped ETF | X | ||||||||||||||
iShares MSCI Taiwan ETF | X |
Fund | Fund
Inception Date |
Administration,
Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended August 31, 2014 |
Administration,
Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended August 31, 2013 |
Administration,
Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended August 31, 2012 | ||||
iShares Core MSCI Emerging Markets ETF | 10/18/12 | $ 1,465,620 | $ 412,062 | N/A | ||||
iShares MSCI All Country World Minimum Volatility ETF | 10/18/11 | 127,080 | 87,071 | $ 38,593 | ||||
iShares MSCI Brazil Capped ETF | 07/10/00 | 919,967 | 1,386,926 | 2,201,629 | ||||
iShares MSCI BRIC ETF | 11/12/07 | 176,744 | 238,562 | 327,518 | ||||
iShares MSCI Chile Capped ETF | 11/12/07 | 760,304 | 1,086,999 | 1,218,196 | ||||
iShares MSCI Colombia Capped ETF | 06/18/13 | 105,161 | 15,246 | N/A | ||||
iShares MSCI Emerging Markets Asia ETF | 02/08/12 | 14,813 | 36,171 | 22,673 | ||||
iShares MSCI Emerging Markets ETF | 04/07/03 | 12,892,794 | 13,283,559 | 11,972,729 | ||||
iShares MSCI Emerging Markets Minimum Volatility ETF | 10/18/11 | 1,127,202 | 737,475 | 91,139 | ||||
iShares MSCI Emerging Markets Small-Cap ETF | 08/16/11 | 55,099 | 45,384 | 50,003 | ||||
iShares MSCI Frontier 100 ETF | 09/12/12 | 2,645,084 | 425,841 | N/A | ||||
iShares MSCI Global Agriculture Producers ETF | 01/31/12 | 27,334 | 12,441 | 11,700 | ||||
iShares MSCI Global Energy Producers ETF | 01/31/12 | 11,668 | 6,093 | 12,779 | ||||
iShares MSCI Global Metals & Mining Producers ETF | 01/31/12 | 53,841 | 42,352 | 14,747 | ||||
iShares MSCI Malaysia ETF | 03/12/96 | 224,810 | 250,626 | 354,845 | ||||
iShares MSCI South Korea Capped ETF | 05/09/00 | 915,327 | 696,983 | 656,330 | ||||
iShares MSCI Taiwan ETF | 06/20/00 | 696,950 | 674,661 | 721,934 |
Fund | Fund
Inception Date |
Distributor
Compensation Paid During Fiscal Year Ended August 31, 20141 |
Distributor
Compensation Paid During Fiscal Year Ended August 31, 20131 |
Distributor
Compensation Paid From April 1, 2012 to August 31, 20121 |
Distributor
Compensation Paid From September 1, 2011 to March 31, 20122 | ||||
iShares Core MSCI Emerging Markets ETF | 10/18/12 | $6,438 | $ 7,166 | N/A | N/A | ||||
iShares MSCI All Country World Minimum Volatility ETF | 10/18/11 | 6,438 | 7,721 | $3,318 | $ 5,369 | ||||
iShares MSCI Brazil Capped ETF | 07/10/00 | 6,438 | 7,721 | 3,318 | 6,270 | ||||
iShares MSCI BRIC ETF | 11/12/07 | 6,438 | 7,721 | 3,318 | 6,270 | ||||
iShares MSCI Chile Capped ETF | 11/12/07 | 6,438 | 7,721 | 3,318 | 6,270 | ||||
iShares MSCI Colombia Capped ETF | 06/18/13 | 6,438 | 2,094 | N/A | N/A | ||||
iShares MSCI Emerging Markets Asia ETF | 02/08/12 | 6,438 | 7,721 | 3,318 | 1,712 | ||||
iShares MSCI Emerging Markets ETF | 04/07/03 | 6,438 | 7,721 | 3,318 | 6,270 | ||||
iShares MSCI Emerging Markets Minimum Volatility ETF | 10/18/11 | 6,438 | 7,721 | 3,318 | 5,369 | ||||
iShares MSCI Emerging Markets Small-Cap ETF | 08/16/11 | 6,438 | 7,721 | 3,318 | 6,270 | ||||
iShares MSCI Frontier 100 ETF | 09/12/12 | 6,438 | 7,721 | N/A | N/A | ||||
iShares MSCI Global Agriculture Producers ETF | 01/31/12 | 6,438 | 7,721 | 3,318 | 1,712 | ||||
iShares MSCI Global Energy Producers ETF | 01/31/12 | 6,438 | 7,721 | 3,318 | 1,712 | ||||
iShares MSCI Global Metals & Mining Producers ETF | 01/31/12 | 6,438 | 7,721 | 3,318 | 1,712 | ||||
iShares MSCI Malaysia ETF | 03/12/96 | 6,438 | 7,721 | 3,318 | 6,270 | ||||
iShares MSCI South Korea Capped ETF | 05/09/00 | 6,438 | 7,721 | 3,318 | 6,270 | ||||
iShares MSCI Taiwan ETF | 06/20/00 | 6,438 | 7,721 | 3,318 | 6,270 |
1 | BRIL serves as the distributor to the Funds effective April 1, 2012. These fees reflected payments made to SEI, acting as an agent of the Distributor. |
2 | SEI served as the distributor to the Funds through March 31, 2012. |
Fund | Fund
Inception Date |
Brokerage
Commissions Paid During Fiscal Year Ended August 31, 2014 |
Brokerage
Commissions Paid During Fiscal Year Ended August 31, 2013 |
Brokerage
Commissions Paid During Fiscal Year Ended August 31, 2012 | ||||
iShares Core MSCI Emerging Markets ETF | 10/18/12 | $ 1,734,760 | $ 1,043,502 | N/A | ||||
iShares MSCI All Country World Minimum Volatility ETF | 10/18/11 | 348,651 | 71,080 | $ 21,707 | ||||
iShares MSCI Brazil Capped ETF | 07/10/00 | 848,728 | 1,433,628 | 745,661 | ||||
iShares MSCI BRIC ETF | 11/12/07 | 60,924 | 91,262 | 454,612 | ||||
iShares MSCI Chile Capped ETF | 11/12/07 | 507,866 | 326,522 | 469,532 | ||||
iShares MSCI Colombia Capped ETF | 06/18/13 | 19,263 | 15,658 | N/A | ||||
iShares MSCI Emerging Markets Asia ETF | 02/08/12 | 31,590 | 120,182 | 5,255 | ||||
iShares MSCI Emerging Markets ETF | 04/07/03 | 10,188,164 | 9,938,587 | 6,520,213 | ||||
iShares MSCI Emerging Markets Minimum Volatility ETF | 10/18/11 | 874,319 | 1,036,060 | 137,666 | ||||
iShares MSCI Emerging Markets Small-Cap ETF | 08/16/11 | 8,901 | 11,056 | 24,118 | ||||
iShares MSCI Frontier 100 ETF | 09/12/12 | 4,805,891 | 1,839,738 | N/A | ||||
iShares MSCI Global Agriculture Producers ETF | 01/31/12 | 3,180 | 1,459 | 565 | ||||
iShares MSCI Global Energy Producers ETF | 01/31/12 | 351 | 94 | 272 | ||||
iShares MSCI Global Metals & Mining Producers ETF | 01/31/12 | 24,100 | 25,493 | 8,990 |
Fund | Fund
Inception Date |
Brokerage
Commissions Paid During Fiscal Year Ended August 31, 2014 |
Brokerage
Commissions Paid During Fiscal Year Ended August 31, 2013 |
Brokerage
Commissions Paid During Fiscal Year Ended August 31, 2012 | ||||
iShares MSCI Malaysia ETF | 03/12/96 | 169,350 | 234,799 | 286,073 | ||||
iShares MSCI South Korea Capped ETF | 05/09/00 | 727,654 | 643,784 | 924,271 | ||||
iShares MSCI Taiwan ETF | 06/20/00 | 362,060 | 563,909 | 819,930 |
Fund | Fiscal
Year Ended August 31, 2014 |
Fiscal
Year Ended August 31, 2013 | ||
iShares Core MSCI Emerging Markets ETF | 8% | 15% | ||
iShares MSCI All Country World Minimum Volatility ETF | 24% | 13% | ||
iShares MSCI Brazil Capped ETF | 54% | 56% | ||
iShares MSCI BRIC ETF | 10% | 10% | ||
iShares MSCI Chile Capped ETF | 91% | 34% | ||
iShares MSCI Colombia Capped ETF | 34% | 2% | ||
iShares MSCI Emerging Markets Asia ETF | 33% | 174% | ||
iShares MSCI Emerging Markets ETF | 22% | 24% | ||
iShares MSCI Emerging Markets Minimum Volatility ETF | 34% | 23% | ||
iShares MSCI Emerging Markets Small-Cap ETF | 20% | 21% | ||
iShares MSCI Frontier 100 ETF | 61% | 18% | ||
iShares MSCI Global Agriculture Producers ETF | 14% | 6% | ||
iShares MSCI Global Energy Producers ETF | 8% | 6% | ||
iShares MSCI Global Metals & Mining Producers ETF | 18% | 11% | ||
iShares MSCI Malaysia ETF | 16% | 17% | ||
iShares MSCI South Korea Capped ETF | 13% | 13% | ||
iShares MSCI Taiwan ETF | 11% | 21% |
Fund | Shares
Per Creation Unit |
Value
Per Creation Unit (U.S.$) | ||
iShares Core MSCI Emerging Markets ETF | 200,000 | $ 10,010,000.00 | ||
iShares MSCI All Country World Minimum Volatility ETF | 100,000 | 6,667,000.00 | ||
iShares MSCI Brazil Capped ETF | 50,000 | 2,175,500.00 | ||
iShares MSCI BRIC ETF | 50,000 | 1,867,000.00 | ||
iShares MSCI Chile Capped ETF | 50,000 | 2,126,000.00 | ||
iShares MSCI Colombia Capped ETF | 50,000 | 1,248,500.00 | ||
iShares MSCI Emerging Markets Asia ETF | 50,000 | 2,924,500.00 | ||
iShares MSCI Emerging Markets ETF | 450,000 | 18,783,000.00 | ||
iShares MSCI Emerging Markets Minimum Volatility ETF | 100,000 | 5,980,000.00 | ||
iShares MSCI Emerging Markets Small-Cap ETF | 50,000 | 2,451,000.00 | ||
iShares MSCI Frontier 100 ETF | 50,000 | 1,916,000.00 | ||
iShares MSCI Global Agriculture Producers ETF | 50,000 | 1,327,000.00 | ||
iShares MSCI Global Energy Producers ETF | 100,000 | 2,574,000.00 | ||
iShares MSCI Global Metals & Mining Producers ETF | 50,000 | 915,000.00 | ||
iShares MSCI Malaysia ETF | 75,000 | 1,155,750.00 | ||
iShares MSCI South Korea Capped ETF | 50,000 | 3,050,000.00 | ||
iShares MSCI Taiwan ETF | 200,000 | 3,058,000.00 |
Fund | Standard
Creation Transaction Fee |
Maximum
Additional Charge* | ||
iShares Core MSCI Emerging Markets ETF | $ 15,000 | 5.0% | ||
iShares MSCI All Country World Minimum Volatility ETF | 4,200 | 3.0% | ||
iShares MSCI Brazil Capped ETF | 2,400 | 7.0% | ||
iShares MSCI BRIC ETF | 5,900 | 7.0% | ||
iShares MSCI Chile Capped ETF | 3,000 | 3.0% | ||
iShares MSCI Colombia Capped ETF | 3,600 | 3.0% | ||
iShares MSCI Emerging Markets Asia ETF | 15,000 | 3.0% | ||
iShares MSCI Emerging Markets ETF | 7,700 | 3.0% | ||
iShares MSCI Emerging Markets Minimum Volatility ETF | 6,100 | 3.0% | ||
iShares MSCI Emerging Markets Small-Cap ETF | 15,000 | 3.0% | ||
iShares MSCI Frontier 100 ETF | 6,800 | 5.0% | ||
iShares MSCI Global Agriculture Producers ETF | 5,100 | 3.0% | ||
iShares MSCI Global Energy Producers ETF | 6,100 | 3.0% | ||
iShares MSCI Global Metals & Mining Producers ETF | 8,400 | 3.0% | ||
iShares MSCI Malaysia ETF | 5,000 | 3.0% | ||
iShares MSCI South Korea Capped ETF | 4,000 | 3.0% | ||
iShares MSCI Taiwan ETF | 4,500 | 3.0% |
* | As a percentage of the net asset value per Creation Unit. |
Fund | Standard
Redemption Transaction Fee |
Maximum
Additional Charge* | ||
iShares Core MSCI Emerging Markets ETF | $ 15,000 | 2.0% | ||
iShares MSCI All Country World Minimum Volatility ETF | 4,200 | 2.0% | ||
iShares MSCI Brazil Capped ETF | 2,400 | 2.0% | ||
iShares MSCI BRIC ETF | 5,900 | 2.0% | ||
iShares MSCI Chile Capped ETF | 3,000 | 2.0% | ||
iShares MSCI Colombia Capped ETF | 3,600 | 2.0% | ||
iShares MSCI Emerging Markets Asia ETF | 15,000 | 2.0% | ||
iShares MSCI Emerging Markets ETF | 7,700 | 2.0% | ||
iShares MSCI Emerging Markets Minimum Volatility ETF | 6,100 | 2.0% | ||
iShares MSCI Emerging Markets Small-Cap ETF | 15,000 | 2.0% | ||
iShares MSCI Frontier 100 ETF | 6,800 | 2.0% | ||
iShares MSCI Global Agriculture Producers ETF | 5,100 | 2.0% | ||
iShares MSCI Global Energy Producers ETF | 6,100 | 2.0% | ||
iShares MSCI Global Metals & Mining Producers ETF | 8,400 | 2.0% | ||
iShares MSCI Malaysia ETF | 5,000 | 2.0% | ||
iShares MSCI South Korea Capped ETF | 4,000 | 2.0% | ||
iShares MSCI Taiwan ETF | 4,500 | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive of the standard redemption transaction fee. |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
Australia | 12/21/15 | 12/29/15 | 8 | |||
12/22/15 | 12/30/15 | 8 | ||||
12/23/15 | 01/04/16 | 12 | ||||
China | 02/13/15 | 02/25/15 | 12 | |||
02/16/15 | 02/26/15 | 10 | ||||
02/17/15 | 02/27/15 | 10 | ||||
09/28/15 | 10/08/15 | 10 | ||||
09/29/15 | 10/09/15 | 10 | ||||
09/30/15 | 10/12/15 | 12 | ||||
Indonesia | 07/13/15 | 07/22/15 | 9 | |||
07/14/15 | 07/23/15 | 9 | ||||
07/15/15 | 07/24/15 | 9 | ||||
Ireland | 12/22/15 | 12/30/15 | 8 | |||
12/23/15 | 12/31/15 | 8 | ||||
Japan | 04/28/15 | 05/07/15 | 9 | |||
04/30/15 | 05/08/15 | 8 | ||||
05/01/15 | 05/11/15 | 10 | ||||
09/16/15 | 09/24/15 | 8 | ||||
09/17/15 | 09/25/15 | 8 | ||||
09/18/15 | 09/28/15 | 11 | ||||
The Philippines | 12/23/15 | 01/04/16 | 12 | |||
12/28/15 | 01/05/16 | 8 | ||||
12/29/15 | 01/06/16 | 8 | ||||
Russia | 12/24/15 | 01/11/16 | 18 | |||
12/28/15 | 01/15/16 | 15 | ||||
12/29/15 | 01/18/15 | 18 | ||||
South Africa | 03/27/15 | 04/07/15 | 11 | |||
03/30/15 | 04/08/15 | 9 | ||||
03/31/15 | 04/09/15 | 9 | ||||
04/01/15 | 04/10/15 | 9 | ||||
04/02/15 | 04/13/15 | 11 | ||||
04/20/15 | 04/28/15 | 8 | ||||
04/21/15 | 04/29/15 | 8 | ||||
04/22/15 | 04/30/15 | 8 | ||||
04/23/15 | 05/01/15 | 8 | ||||
04/23/15 | 05/04/15 | 11 | ||||
04/24/15 | 05/05/15 | 11 | ||||
04/28/15 | 05/06/15 | 8 | ||||
04/29/15 | 05/07/15 | 8 | ||||
04/30/15 | 05/08/15 | 8 | ||||
06/09/15 | 06/17/15 | 8 | ||||
06/10/15 | 06/18/15 | 8 | ||||
06/11/15 | 06/19/15 | 8 | ||||
06/12/15 | 06/22/15 | 10 | ||||
06/15/15 | 06/23/15 | 8 | ||||
08/03/15 | 08/11/15 | 8 |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
08/04/15 | 08/12/15 | 8 | ||||
08/05/15 | 08/13/15 | 8 | ||||
08/06/15 | 08/14/15 | 8 | ||||
08/07/15 | 08/17/15 | 10 | ||||
09/17/15 | 09/25/15 | 8 | ||||
09/18/15 | 09/28/15 | 10 | ||||
09/21/15 | 09/29/15 | 8 | ||||
09/22/15 | 09/30/15 | 8 | ||||
09/23/15 | 10/01/15 | 8 | ||||
12/09/15 | 12/17/15 | 8 | ||||
12/10/15 | 12/18/15 | 8 | ||||
12/11/15 | 12/21/15 | 10 | ||||
12/14/15 | 12/22/15 | 8 | ||||
12/15/15 | 12/23/15 | 8 | ||||
12/18/15 | 12/28/15 | 10 | ||||
12/21/15 | 12/29/15 | 8 | ||||
12/22/15 | 12/30/15 | 8 | ||||
12/23/15 | 12/31/15 | 8 | ||||
12/24/15 | 01/04/16 | 11 | ||||
12/28/15 | 01/05/16 | 8 | ||||
12/29/15 | 01/06/16 | 8 | ||||
12/30/15 | 01/07/16 | 8 | ||||
12/31/15 | 01/08/16 | 8 | ||||
Spain | 03/30/15 | 04/07/15 | 8 | |||
03/31/15 | 04/08/15 | 8 | ||||
04/01/15 | 04/09/15 | 8 | ||||
Taiwan | 02/12/15 | 02/24/15 | 12 | |||
02/13/15 | 02/25/15 | 12 | ||||
Thailand | 04/08/15 | 04/16/15 | 8 | |||
04/09/15 | 04/17/15 | 8 | ||||
04/10/15 | 04/20/15 | 10 |
* | These worst-case redemption cycles are based on information regarding regular holidays, which may be out of date. Based on changes in holidays, longer (worse) redemption cycles are possible. |
Fund | Non-Expiring 1 | Expiring
2015 |
Expiring
2016 |
Expiring
2017 |
Expiring
2018 |
Expiring
2019 |
Total | |||||||
iShares
Core MSCI Emerging Markets ETF |
$ 6,567,880 | — | — | — | — | — | $ 6,567,880 | |||||||
iShares MSCI All Country World Minimum Volatility ETF | 5,163,254 | — | — | — | — | — | 5,163,254 | |||||||
iShares MSCI Brazil Capped ETF | 989,412,231 | — | — | — | $ 198,226,310 | — | 1,187,638,541 | |||||||
iShares MSCI BRIC ETF | 141,120,103 | — | — | $ 1,540,740 | 11,268,086 | $ 7,760,558 | 161,689,487 | |||||||
iShares MSCI Chile Capped ETF | 65,990,195 | — | — | 1,886,881 | 11,712,090 | 976,991 | 80,566,157 | |||||||
iShares MSCI Emerging Markets Asia ETF | 9,289,694 | — | — | — | — | — | 9,289,694 | |||||||
iShares MSCI Emerging Markets ETF | 3,444,042,588 | $ 29,973,301 | $ 13,844,901 | 228,196,854 | 1,201,366,175 | 873,167,649 | 5,790,591,468 | |||||||
iShares MSCI Emerging Markets Minimum Volatility ETF | 15,978,688 | — | — | — | — | — | 15,978,688 | |||||||
iShares MSCI Emerging Markets Small-Cap ETF | 8,080,278 | — | — | — | — | — | 8,080,278 | |||||||
iShares MSCI Global Agriculture Producers ETF | 17,007 | — | — | — | — | — | 17,007 | |||||||
iShares MSCI Global Energy Producers ETF | 38,653 | — | — | — | — | — | 38,653 | |||||||
iShares MSCI Global Metals & Mining Producers ETF | 1,369,119 | — | — | — | — | — | 1,369,119 | |||||||
iShares MSCI South Korea Capped ETF | 13,366,759 | — | — | 60,990,953 | 226,591,665 | 78,503,704 | 379,453,081 | |||||||
iShares MSCI Taiwan ETF | 48,030,508 | 64,999,586 | 16,734,578 | 343,375,145 | 363,052,013 | 19,669,958 | 855,861,788 |
1 | Must be utilized prior to losses subject to expiration. |
• | Capital gains resulting from the sale of Indian securities (including depositary receipts issued by Indian companies) will not be subject to tax in India, provided the Subsidiary does not have Permanent Establishments (“PE”) in India; |
• | Dividends on shares received from an Indian company on which dividend distribution tax has been paid are exempt from tax in the hands of the shareholders. However, the Indian company distributing dividends is subject to a dividend distribution tax at the rate of 20% (approx.) (effective starting October 1, 2014); and |
• | Interest paid to a 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 43.26%. However if the Subsidiary is a SEBI registered sub-account, interest income earned from June 1, 2013 to May 31, 2015 on rupee-denominated bonds of Indian companies and Government securities, will be subject to tax at the rate of 5.41%, 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 21.63%. For approved foreign currency loans advanced from July 1, 2012 to June 30, 2017, the tax rate on interest is 5.41% and for approved foreign currency long-term bonds issued from October 1, 2014 to June 30, 2017, the tax rate on interest is 5.41%. However, if the Subsidiary is a SEBI registered sub-account, the interest from securities will be subject to tax at the rate of 21.63%. |
• | 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 not be taxable in India provided Securities Transaction Tax (“STT”) has been paid on the same (as discussed below); |
• | 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 16.223% 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 36 months) arising to the Subsidiary from the sale of unlisted securities will be taxed at the rate of 10.815% (without indexation) and short-term capital gains (being gains on sale of shares held for a period of 36 months or less) will be taxed at the rate of 43.26%;* |
• | 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 21.63% for long-term gains (being gains on sale of shares held for a period of more than 12 months) and at 43.26% 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. |
* | However, if the Subsidiary is a SEBI registered sub-account, the rates will be 10.816% and 32.45%, respectively. |
• | 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 has 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 investments made prior to August 30, 2010. |