2015 Prospectus |
|
► | iShares Currency Hedged MSCI Emerging Markets ETF | HEEM | NYSE ARCA |
|
S-1 |
|
1 |
|
2 |
|
19 |
|
22 |
|
22 |
|
23 |
|
26 |
|
36 |
|
37 |
|
38 |
|
38 |
|
40 |
Ticker: HEEM | Stock Exchange: NYSE Arca |
Annual
Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investments)1 | ||||||||||||
Management
Fees |
Distribution
and Service (12b-1) Fees |
Other
Expenses |
Acquired
Fund Fees and Expenses |
Total
Annual Fund Operating Expenses |
Fee Waiver | Total
Annual Fund Operating Expenses After Fee Waiver | ||||||
0.78% | None | None | 0.73% | 1.51% | (0.78)% | 0.73% |
1 | The expense information in the table has been restated to reflect current fees. |
1 Year | 3 Years | 5 Years | 10 Years | |||
$75 | $233 | $458 | $1,469 |
■ | 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 or the Underlying Fund's portfolio securities and cash with foreign sub-custodians and securities depositories, including the risk that appropriate sub-custody arrangements will not be available to the Fund or the Underlying Fund; |
■ | The risk that the Fund’s or the Underlying 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 or the Underlying Fund may not be able to pursue claims on behalf of its shareholders because of the system of share registration and custody, and because Russian banking institutions and registrars are not guaranteed by the Russian government. |
■ | The risk of delays in settling portfolio transactions and the risk of loss arising out of the system of share registration and custody used in certain Eastern European countries; |
■ | Risks in connection with the maintenance of the Fund's portfolio securities and cash with foreign sub-custodians and securities depositories, including the risk that appropriate sub-custody arrangements will not be available to the Fund; |
■ | The risk that the Fund's ownership rights in portfolio securities could be lost through fraud or negligence as a result of the fact that ownership in shares of certain Eastern European companies is recorded by the companies themselves and by registrars, rather than a central registration system; |
■ | The risk that the Fund may not be able to pursue claims on behalf of its shareholders because of the system of share registration and custody, and because certain Eastern European banking institutions and registrars are not guaranteed by their respective governments; and |
■ | Risks in connection with Eastern European countries' dependence on the economic health of Western European countries and the EU as a whole. |
Approximate
Value of a Creation Unit |
Creation
Unit Size |
Standard
Creation/ Redemption Transaction Fee |
Maximum
Additional Charge for Creations* |
Maximum
Additional Charge for Redemptions* | ||||
$1,048,000 | 50,000 | $500 | 3.0% | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive, in the case of redemptions, of the standard redemption transaction fee. |
Period
from Sept. 23, 2014a to Aug. 31, 2015 | |
Net asset value, beginning of period | $ 24.44 |
Income
from investment operations: | |
Net investment incomeb | 0.41 |
Net realized and unrealized lossc | (2.80) |
Total from investment operations | (2.39) |
Less distributions from: | |
Net investment income | (0.65) |
Total distributions | (0.65) |
Net asset value, end of period | $ 21.40 |
Total return | (10.01)% d |
Ratios/Supplemental data: | |
Net assets, end of period (000s) | $211,865 |
Ratio of expenses to average net assetse,f | 0.02% |
Ratio of expenses to average net assets prior to waived feese,f | 0.78% |
Ratio of net investment income to average net assetse | 1.82% |
Portfolio turnover rateg,h | 7% |
a | Commencement of operations. |
b | Based on average shares outstanding throughout the period. |
c | The amount 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 | The Fund indirectly bears its proportionate share of fees and expenses incurred by the underlying fund in which the Fund is invested. This ratio does not include these indirect fees and expenses. |
g | Portfolio turnover rate excludes portfolio securities received or delivered as a result of processing capital share transactions in Creation Units. |
h | Portfolio turnover rates exclude the portfolio activity of the underlying fund in which the Fund is invested. |
Premium/Discount Range | Number of Days | Percentage of Total Days | ||
Greater than 0.5% and Less than 1.0% | 6 | 2.33% | ||
Between 0.5% and -0.5% | 252 | 97.67 | ||
258 | 100.00% |
Cumulative Total Returns | |||
NAV | MARKET | INDEX | |
Since Inception* | (10.01)% | (10.02)% | (9.41)% |
* | Total returns for the period since inception are calculated from the inception date of the Fund (9/23/14). The first day of secondary market trading in shares of the Fund was 9/25/14. |
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 |
2015 Prospectus |
|
► | iShares Edge MSCI Min Vol EM Currency Hedged ETF | HEMV | BATS |
|
S-1 |
|
1 |
|
2 |
|
19 |
|
22 |
|
22 |
|
23 |
|
26 |
|
36 |
|
36 |
|
37 |
|
37 |
Ticker: HEMV | Stock Exchange: BATS |
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 |
Other
Expenses |
Acquired
Fund Fees and Expenses |
Total
Annual Fund Operating Expenses |
Fee Waiver | Total
Annual Fund Operating Expenses After Fee Waiver | ||||||
0.78% | None | None | 0.25% | 1.03% | (0.75)% | 0.28% |
1 | The expense information in the table has been restated to reflect current fees. |
1 Year | 3 Years | |||
$29 | $175 |
■ | 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 or the Underlying Fund's portfolio securities and cash with foreign sub-custodians and securities depositories, including the risk that appropriate sub-custody arrangements will not be available to the Fund or the Underlying Fund; |
■ | The risk that the Fund’s or the Underlying 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 or the Underlying Fund may not be able to pursue claims on behalf of its shareholders because of the system of share registration and custody, and because Russian banking institutions and registrars are not guaranteed by the Russian government. |
Approximate
Value of a Creation Unit |
Creation
Unit Size |
Standard
Creation/ Redemption Transaction Fee |
Maximum
Additional Charge for Creations* |
Maximum
Additional Charge for Redemptions* | ||||
$1,250,000 | 50,000 | $500 | 3.0% | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive, in the case of redemptions, of the standard redemption transaction fee. |
Call: | 1-800-iShares
or 1-800-474-2737 (toll free) Monday through Friday, 8:30 a.m. to 6:30 p.m. (Eastern time) |
Email: | iSharesETFs@blackrock.com |
Write: | c/o
BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |
Fund | Ticker | Stock Exchange | ||
iShares Currency Hedged MSCI Emerging Markets ETF (the “Fund”) | HEEM | NYSE Arca |
• | 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. |
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. | Purchase securities of other investment companies, except to the extent permitted by the Investment Company Act. As a matter of policy, however, the Fund will not purchase shares of any registered open-end investment company or registered unit investment trust, in reliance on Section 12(d)(1)(F) or (G) (the “fund of funds” provisions) of the Investment Company Act, at any time the Fund has knowledge that its shares are purchased by another investment |
company investor in reliance on the provisions of subparagraph (G) of Section 12(d)(1); provided that such policy will only be in effect if the Fund ceases to invest its assets in reliance on Section 12(d)(1)(G) in the iShares MSCI Emerging Markets ETF (or a different Underlying Fund). | |
b. | Make short sales of securities or maintain a short position, except to the extent permitted by the Fund's Prospectus and SAI, as amended from time to time, and applicable law. |
• | 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 During the Past 5 Years | |||
Robert
S. Kapito1 (58) |
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); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Mark
Wiedman2 (45) |
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); 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 During the Past 5 Years | |||
Cecilia
H. Herbert (66) |
Director
(since 2005); Independent Board Chair (since 2016); Nominating and Governance Committee Chair (since 2016). |
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 media company (since 2011). | Trustee of iShares Trust (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares Trust and iShares U.S. ETF Trust (since 2016); Director of Forward Funds (23 portfolios) (since 2009); Director of Salient MF Trust (4 portfolios) (since 2015). | |||
Jane
D. Carlin (59) |
Director
(since 2015); Risk Committee Chair (since 2016). |
Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (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 |
Other
Directorships Held by Director During the Past 5 Years | |||
Charles
A. Hurty (72) |
Director
(since 2005); Audit Committee Chair (since 2006). |
Retired; Partner, KPMG LLP (1968-2001). | Trustee of iShares Trust (since 2005); 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). | |||
John
E. Kerrigan (60) |
Director
(since 2005); Securities Lending Committee Chair (since 2016). |
Chief Investment Officer, Santa Clara University (since 2002). | Trustee of iShares Trust (since 2005); Trustee of iShares U.S. ETF Trust (since 2011). | |||
John
E. Martinez (54) |
Director
(since 2003); Fixed Income Plus Committee Chair (since 2016). |
Director of FirstREX Agreement Corp. (formerly EquityRock, Inc.) (since 2005). | Trustee of iShares Trust (since 2003); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Madhav
V. Rajan (51) |
Director
(since 2011); Equity Plus Committee Chair and 15(c) Committee Chair (since 2016). |
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); Trustee of iShares U.S. ETF Trust (since 2011); Director, Cavium, Inc. (since 2013). |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years | ||
Manish
Mehta (44) |
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 (56) |
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). |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years | ||
Charles
Park (48) |
Chief Compliance Officer (since 2006). | Chief Compliance Officer of BlackRock Advisors, LLC and the BlackRock-advised Funds in the Equity-Bond Complex, the Equity-Liquidity Complex and the Closed-End Complex (since 2014); Chief Compliance Officer of BFA (since 2006). | ||
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). | ||
Scott
Radell (47) |
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 (53) |
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 Wiedman | iShares Core MSCI EAFE ETF | $50,001-$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 | |||||
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 Core S&P Mid-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Small-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $1-$10,000 | |||||
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 | |||||
Cecilia H. Herbert | iShares China Large-Cap ETF | Over $100,000 | Over $100,000 | |||
iShares Core Dividend Growth ETF | $10,001-$50,000 | |||||
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 Core U.S. Growth ETF | $10,001-$50,000 | |||||
iShares Core U.S. Value 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 iBoxx $ High Yield Corporate Bond ETF | $10,001-$50,000 | |||||
iShares International Select Dividend ETF | $1-$10,000 | |||||
iShares MSCI EAFE ETF | $1-$10,000 | |||||
iShares MSCI Emerging Markets ETF | $1-$10,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares National Muni Bond 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 Edge MSCI USA Value Factor ETF | $10,001-$50,000 | |||||
iShares Global Energy ETF | $10,001-$50,000 | |||||
iShares Global Healthcare 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 Russell 2000 ETF | $10,001-$50,000 | |||||
iShares Select Dividend ETF | $1-$10,000 | |||||
iShares U.S. Basic Materials ETF | $10,001-$50,000 | |||||
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 ETF | $10,001-$50,000 | Over $100,000 | |||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares Short-Term National Muni Bond ETF | Over $100,000 | |||||
Madhav V. Rajan | iShares Core Dividend Growth ETF | Over $100,000 | Over $100,000 | |||
iShares Core High Dividend ETF | 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 | Over $100,000 | |||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | Over $100,000 | |||||
iShares Russell 2000 ETF | Over $100,000 |
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 | Over $100,000 | |||||
Jane D. Carlin1 | 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 |
1 | Appointed to serve as an Independent Director effective February 3, 2015. |
Name of Director | iShares
Currency Hedged MSCI Emerging Markets ETF1 |
Pension
or Retirement Benefits Accrued As Part of Company Expenses2 |
Estimated
Annual Benefits Upon Retirement2 |
Total
Compensation From the Fund and Fund Complex3,4 | ||||
Independent Directors: | ||||||||
Robert H. Silver5 | $100 | Not Applicable | Not Applicable | $ 350,000 | ||||
George G.C. Parker6 | 86 | Not Applicable | Not Applicable | 300,000 | ||||
John E. Kerrigan | 90 | Not Applicable | Not Applicable | 326,807 | ||||
Charles A. Hurty | 97 | Not Applicable | Not Applicable | 340,000 | ||||
Cecilia H. Herbert | 94 | Not Applicable | Not Applicable | 330,000 | ||||
John E. Martinez | 90 | Not Applicable | Not Applicable | 315,000 | ||||
Madhav V. Rajan | 90 | Not Applicable | Not Applicable | 326,772 | ||||
Jane D. Carlin | 43 | Not Applicable | Not Applicable | Not Applicable |
Name of Director | iShares
Currency Hedged MSCI Emerging Markets ETF1 |
Pension
or Retirement Benefits Accrued As Part of Company Expenses2 |
Estimated
Annual Benefits Upon Retirement2 |
Total
Compensation From the Fund and Fund Complex3,4 | ||||
Interested Directors: | ||||||||
Robert S. Kapito | $0 | Not Applicable | Not Applicable | $0 | ||||
Mark Wiedman | 0 | Not Applicable | Not Applicable | 0 |
1 | Compensation reported is from the Fund’s inception to August 31, 2015. |
2 | No Director or officer is entitled to any pension or retirement benefits from the Company. |
3 | Includes compensation for service on the Board of Trustees of iShares U.S. ETF Trust and the Boards of Directors of iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
4 | Total 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. |
5 | Served as an Independent Director through March 31, 2016. |
6 | Served as an Independent Director through December 31, 2014. |
Name and Address | Percentage
of Ownership | |
Charles
Schwab & Co., Inc. 111 Pavonia Avenue Jersey City, NJ 07310 |
40.49% | |
National
Financial Services LLC 200 Liberty Street 5th Floor New York, NY 10281 |
17.19% | |
Janney
Montgomery Scott LLC 26 Broadway New York, NY 10004 |
7.88% | |
Morgan
Stanley Smith Barney LLC 1300 Thames Street 6th Floor Baltimore, MD 21231 |
6.47% |
Management
Fee for the Fiscal Year Ended August 31, 2015 |
Fund
Inception Date |
Management
Fees Paid for Fiscal Year Ended August 31, 2015 |
Management
Fees Paid for Fiscal Year Ended August 31, 2014 |
Management
Fees Paid for Fiscal Year Ended August 31, 2013 | ||||
0.78% | 09/23/2014 | $629,603 | N/A | N/A |
Diane Hsiung | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 236 | $603,000,000,000 | ||
Other Pooled Investment Vehicles | 16 | 4,000,000,000 | ||
Other Accounts | 0 | 0 | ||
Accounts with Incentive-Based Fee Arrangements | N/A | N/A |
Jennifer Hsui | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 232 | $603,000,000,000 | ||
Other Pooled Investment Vehicles | 0 | 0 | ||
Other Accounts | 0 | 0 | ||
Accounts with Incentive-Based Fee Arrangements | N/A | N/A |
Alan Mason (as of February 29, 2016) | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 108 | $ 72,000,000,000 | ||
Other Pooled Investment Vehicles | 301 | 527,000,000,000 | ||
Other Accounts | 174 | 33,000,000,000 | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Orlando Montalvo | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 16 | $ 7,000,000,000 | ||
Other Pooled Investment Vehicles | 29 | 10,000,000,000 |
Orlando Montalvo | ||||
Types of Accounts | Number | Total Assets | ||
Other Accounts | 62 | 23,000,000,000 | ||
Accounts with Incentive-Based Fee Arrangements | N/A | N/A |
Greg Savage | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 320 | $672,000,000,000 | ||
Other Pooled Investment Vehicles | 80 | 24,000,000,000 | ||
Other Accounts | 3 | 225,000,000 | ||
Accounts with Incentive-Based Fee Arrangements | N/A | 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 |
Alan Mason (as of February 29, 2016) | ||||
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 |
Orlando Montalvo | ||||
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 |
Fund
Inception Date |
Administration,
Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended August 31, 2015 |
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 | |||
09/23/2014 | $9,084 | N/A | N/A |
Fund
Inception Date |
Distributor
Compensation Paid During Fiscal Year Ended August 31, 20151 |
Distributor
Compensation Paid During Fiscal Year Ended August 31, 20141 |
Distributor
Compensation Paid During Fiscal Year Ended August 31, 20131 | |||
09/23/2014 | $0 | N/A | N/A |
1 | These fees reflect payments made to SEI, acting as an agent of the Distributor. |
Fund
Inception Date |
Brokerage
Commissions Paid During Fiscal Year Ended August 31, 2015 |
Brokerage
Commissions Paid During Fiscal Year Ended August 31, 2014 |
Brokerage
Commissions Paid During Fiscal Year Ended August 31, 2013 | |||
09/23/2014 | $3,253 | N/A | N/A |
Fiscal Year ended August 31, 2015 | Fiscal Year ended August 31, 2014 | ||
7% | N/A |
Shares
Per Creation Unit |
Value
Per Creation Unit (U.S.$) | |
50,000 | $1,048,000 |
Standard
Creation Transaction Fee |
Maximum
Additional Charge* | |
$500 | 3.0% |
* | As a percentage of the net asset value per Creation Unit. |
Standard
Redemption Transaction Fee |
Maximum
Additional Charge* | |
$500 | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive of the standard redemption transaction fee. |
1 | iShares MSCI All Peru Capped ETF, iShares MSCI KLD 400 Social ETF, iShares MSCI USA ESG Select ETF and iShares MSCI ACWI Low Carbon Target ETF have separate Fund Proxy Voting Policies. |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure, mergers, asset sales and other special transactions |
• | Remuneration and benefits |
• | Social, ethical and environmental issues |
• | General corporate governance matters |
• | establishing an appropriate corporate governance structure; |
• | supporting and overseeing management in setting strategy; |
• | ensuring the integrity of financial statements; |
• | making decisions regarding mergers, acquisitions and disposals; |
• | establishing appropriate executive compensation structures; and |
• | addressing business issues including social, ethical and environmental issues when they have the potential to materially impact company reputation and performance. |
• | current employment at the company or a subsidiary; |
• | former employment within the past several years as an executive of the company; |
• | providing substantial professional services to the company and/or members of the company’s management; |
• | having had a substantial business relationship in the past three years; |
• | having, or representing a shareholder with, a substantial shareholding in the company; |
• | being an immediate family member of any of the aforementioned; and |
• | interlocking directorships. |
• | BlackRock has adopted a proxy voting oversight structure whereby the Corporate Governance Committees oversee the voting decisions and other activities of the Corporate Governance Group, and particularly its activities with respect to voting in the relevant region of each Corporate Governance Committee’s jurisdiction. |
• | The Corporate Governance Committees have adopted Guidelines for each region, which set forth the firm’s views with respect to certain corporate governance and other issues that typically arise in the proxy voting context. The Corporate Governance Committees receive periodic reports regarding the specific votes cast by the Corporate Governance Group and regular updates on material process issues, procedural changes and other matters of concern to the Corporate Governance Committees. |
• | BlackRock’s Global Corporate Governance Oversight Committee oversees the Global Head, the Corporate Governance Group and the Corporate Governance Committees. The Global Corporate Governance Oversight Committee conducts a review, at least annually, of the proxy voting process to ensure compliance with BlackRock’s risk policies and procedures. |
• | BlackRock maintains a reporting structure that separates the Global Head and Corporate Governance Group from employees with sales responsibilities. In addition, BlackRock maintains procedures intended to ensure that all engagements with corporate issuers or dissident shareholders are managed consistently and without regard to BlackRock’s relationship with the issuer of the proxy or dissident shareholder. Within the normal course of business, the Global Head or Corporate Governance Group may engage directly with BlackRock clients, and with employees with sales responsibilities, in discussions regarding general corporate governance policy matters, and to otherwise ensure that proxy-related client service levels are met. The Global Head or Corporate Governance Group does not discuss any specific voting matter with a client prior to the disclosure of the vote decision to all applicable clients after the shareholder meeting has taken place, except if the client is acting in the capacity as issuer of the proxy or dissident shareholder and is engaging through the established procedures independent of the client relationship. |
• | In certain instances, BlackRock may determine to engage an independent fiduciary to vote proxies as a further safeguard to avoid potential conflicts of interest or as otherwise required by applicable law. The independent fiduciary may either vote such proxies or provide BlackRock with instructions as to how to vote such proxies. In the latter case, BlackRock votes the proxy in accordance with the independent fiduciary’s determination. Use of an independent fiduciary has been |
adopted for voting the proxies related to any company that is affiliated with BlackRock or any company that includes BlackRock employees on its board of directors. |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
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 | ||||
Qatar | 07/15/15 | 07/23/15 | 8 | |||
07/16/15 | 07/26/15 | 10 | ||||
07/19/15 | 07/27/15 | 8 | ||||
09/16/15 | 09/24/15 | 8 | ||||
09/17/15 | 09/27/15 | 10 | ||||
09/20/15 | 09/28/15 | 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 |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
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 | ||||
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 | ||||
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 |
2016 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
Brazil | 02/03/16 | 02/11/16 | 8 | |||
02/04/16 | 02/12/16 | 8 | ||||
02/05/16 | 02/15/16 | 10 | ||||
China | 02/03/16 | 02/17/16 | 14 | |||
02/04/16 | 02/18/16 | 14 | ||||
02/05/16 | 02/19/16 | 14 | ||||
04/27/16 | 05/09/16 | 12 | ||||
04/28/16 | 05/10/16 | 12 | ||||
04/29/16 | 05/11/16 | 12 | ||||
09/28/16 | 10/11/16 | 13 | ||||
09/29/16 | 10/12/16 | 13 | ||||
09/30/16 | 10/13/16 | 13 | ||||
Colombia | 03/18/16 | 03/28/16 | 10 | |||
Indonesia | 06/29/16 | 07/11/16 | 12 | |||
06/30/16 | 07/12/16 | 12 | ||||
07/01/16 | 07/13/16 | 12 | ||||
Malaysia | 07/01/16 | 07/11/16 | 10 | |||
07/04/16 | 07/12/16 | 8 | ||||
07/05/16 | 07/13/16 | 8 | ||||
Mexico | 03/18/16 | 03/28/16 | 10 | |||
Philippines | 10/26/16 | 11/03/16 | 12 | |||
10/27/16 | 11/04/16 | 8 | ||||
10/28/16 | 11/07/16 | 8 | ||||
8 | ||||||
Qatar | 07/03/16 | 07/12/16 | 9 | |||
07/04/16 | 07/13/16 | 9 | ||||
07/05/16 | 07/14/16 | 9 | ||||
09/06/16 | 09/18/16 | 12 | ||||
09/07/16 | 09/19/16 | 12 | ||||
09/08/16 | 09/20/16 | 12 | ||||
South Africa | 12/20/16 | 12/28/16 | 8 | |||
12/21/16 | 12/29/16 | 8 | ||||
12/22/16 | 01/02/17 | 11 | ||||
Taiwan | 02/02/16 | 02/15/16 | 13 | |||
02/03/16 | 02/16/16 | 13 | ||||
Thailand | 04/08/16 | 04/18/16 | 10 | |||
04/11/16 | 04/19/16 | 8 | ||||
04/12/16 | 04/20/16 | 8 | ||||
04/29/16 | 05/09/16 | 10 | ||||
Turkey | 06/30/16 | 07/11/16 | 11 |
2016 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
07/01/16 | 07/12/16 | 11 | ||||
09/08/16 | 09/19/16 | 11 | ||||
09/09/16 | 09/20/16 | 11 | ||||
United Arab Emirates | 09/07/16 | 09/15/16 | 8 | |||
09/08/16 | 09/18/16 | 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 | Ticker | Stock Exchange | ||
iShares Edge MSCI Min Vol EM Currency Hedged ETF (the “Fund”) | HEMV | BATS |
• | The 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), the 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; | |
• | The 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; |
• | The 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; |
• | The 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; |
• | The 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 |
• | The 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%. |
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. | Purchase securities of other investment companies, except to the extent permitted by the Investment Company Act. As a matter of policy, however, the Fund will not purchase shares of any registered open-end investment company or registered unit investment trust, in reliance on Section 12(d)(1)(F) or (G) (the “fund of funds” provisions) of the Investment Company Act, at any time the Fund has knowledge that its shares are purchased by another investment company investor in reliance on the provisions of subparagraph (G) of Section 12(d)(1); provided that such policy will only be in effect if the Fund ceases to invest its assets in reliance on Section 12(d)(1)(G) in the iShares Edge MSCI Min Vol Emerging Markets ETF. |
b. | 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. |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years |
Other
Directorships Held by Director During the Past 5 Years | |||
Robert
S. Kapito1 (58) |
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); Trustee of iShares U.S. ETF Trust (since 2011). | |||
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); 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 During the Past 5 Years | |||
Cecilia
H. Herbert (66) |
Director
(since 2005); Independent Board Chair (since 2016); Nominating and Governance Committee Chair (since 2016). |
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 media company (since 2011). | Trustee of iShares Trust (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares Trust and iShares U.S. ETF Trust (since 2016); Director of Forward Funds (23 portfolios) (since 2009); Director of Salient MF Trust (4 portfolios) (since 2015). | |||
Jane
D. Carlin (59) |
Director
(since 2015); Risk Committee Chair (since 2016). |
Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (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 |
Other
Directorships Held by Director During the Past 5 Years | |||
Charles
A. Hurty (72) |
Director
(since 2005); Audit Committee Chair (since 2006). |
Retired; Partner, KPMG LLP (1968-2001). | Trustee of iShares Trust (since 2005); 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). | |||
John
E. Kerrigan (60) |
Director
(since 2005); Securities Lending Committee Chair (since 2016). |
Chief Investment Officer, Santa Clara University (since 2002). | Trustee of iShares Trust (since 2005); Trustee of iShares U.S. ETF Trust (since 2011). | |||
John
E. Martinez (54) |
Director
(since 2003); Fixed Income Plus Committee Chair (since 2016). |
Director of FirstREX Agreement Corp. (formerly EquityRock, Inc.) (since 2005). | Trustee of iShares Trust (since 2003); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Madhav
V. Rajan (51) |
Director
(since 2011); Equity Plus Committee Chair and 15(c) Committee Chair (since 2016). |
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); Trustee of iShares U.S. ETF Trust (since 2011); Director, Cavium, Inc. (since 2013). |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years | ||
Manish
Mehta (44) |
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 (56) |
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). |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years | ||
Charles
Park (48) |
Chief Compliance Officer (since 2006). | Chief Compliance Officer of BlackRock Advisors, LLC and the BlackRock-advised Funds in the Equity-Bond Complex, the Equity-Liquidity Complex and the Closed-End Complex (since 2014); Chief Compliance Officer of BFA (since 2006). | ||
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). | ||
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 (53) |
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 Wiedman | iShares Core MSCI EAFE ETF | $50,001-$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 | |||||
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 Core S&P Mid-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Small-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $1-$10,000 | |||||
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 | |||||
Cecilia H. Herbert | iShares China Large-Cap ETF | Over $100,000 | Over $100,000 | |||
iShares Core Dividend Growth ETF | $10,001-$50,000 | |||||
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 Core U.S. Growth ETF | $10,001-$50,000 | |||||
iShares Core U.S. Value 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 iBoxx $ High Yield Corporate Bond ETF | $10,001-$50,000 | |||||
iShares International Select Dividend ETF | $1-$10,000 | |||||
iShares MSCI EAFE ETF | $1-$10,000 | |||||
iShares MSCI Emerging Markets ETF | $1-$10,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares National Muni Bond 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 Edge MSCI USA Value Factor ETF | $10,001-$50,000 | |||||
iShares Global Energy ETF | $10,001-$50,000 | |||||
iShares Global Healthcare 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 Russell 2000 ETF | $10,001-$50,000 | |||||
iShares Select Dividend ETF | $1-$10,000 | |||||
iShares U.S. Basic Materials ETF | $10,001-$50,000 | |||||
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 ETF | $10,001-$50,000 | Over $100,000 | |||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares Short-Term National Muni Bond ETF | Over $100,000 | |||||
Madhav V. Rajan | iShares Core Dividend Growth ETF | Over $100,000 | Over $100,000 | |||
iShares Core High Dividend ETF | 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 | Over $100,000 | |||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | Over $100,000 | |||||
iShares Russell 2000 ETF | Over $100,000 |
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 | Over $100,000 | |||||
Jane D. Carlin1 | 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 |
1 | Appointed to serve as an Independent Director effective February 3, 2015. |
Name of Director | iShares
Edge MSCI Min Vol EM Currency Hedged ETF |
Pension
or Retirement Benefits Accrued As Part of Company Expenses1 |
Estimated
Annual Benefits Upon Retirement1 |
Total
Compensation From the Fund and Fund Complex2 | ||||
Independent Director:3 | ||||||||
Robert H. Silver4 | $0 | Not Applicable | Not Applicable | $ 350,000 | ||||
George G.C. Parker5 | 0 | Not Applicable | Not Applicable | 300,000 | ||||
John E. Kerrigan | 0 | Not Applicable | Not Applicable | 326,807 | ||||
Charles A. Hurty | 0 | Not Applicable | Not Applicable | 340,000 | ||||
Cecilia H. Herbert | 0 | Not Applicable | Not Applicable | 330,000 | ||||
John E. Martinez | 0 | Not Applicable | Not Applicable | 315,000 | ||||
Madhav V. Rajan | 0 | Not Applicable | Not Applicable | 326,772 | ||||
Interested Director: |
Name of Director | iShares
Edge MSCI Min Vol EM Currency Hedged ETF |
Pension
or Retirement Benefits Accrued As Part of Company Expenses1 |
Estimated
Annual Benefits Upon Retirement1 |
Total
Compensation From the Fund and Fund Complex2 | ||||
Robert S. Kapito | $0 | Not Applicable | Not Applicable | $0 | ||||
Mark Wiedman | 0 | Not Applicable | Not Applicable | 0 |
1 | No Director or officer is entitled to any pension or retirement benefits from the Company. |
2 | Includes compensation for service on the Boards of Trustees for iShares Trust and iShares U.S. ETF Trust and the Board of Directors of iShares MSCI Russia Capped ETF, Inc. |
3 | 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. |
4 | Served as an Independent Director through March 31, 2016. |
5 | Served as an Independent Director through December 31, 2014. |
Diane Hsiung | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 249 | $650,000,000,000 | ||
Other Pooled Investment Vehicles | 20 | 5,000,000,000 | ||
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 | 249 | $650,000,000,000 | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Alan Mason (as of February 29, 2016) | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 108 | $ 72,000,000,000 | ||
Other Pooled Investment Vehicles | 301 | 527,000,000,000 | ||
Other Accounts | 174 | 33,000,000,000 | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Orlando Montalvo | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 18 | $ 8,000,000,000 | ||
Other Pooled Investment Vehicles | 23 | 7,000,000,000 | ||
Other Accounts | 66 | 26,000,000,000 | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Greg Savage | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 333 | $736,000,000,000 | ||
Other Pooled Investment Vehicles | 87 | 26,000,000,000 | ||
Other Accounts | 3 | 239,000,000 | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Diane Hsiung | ||||
Types of Accounts | Number
of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate
of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Jennifer Hsui | ||||
Types of Accounts | Number
of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate
of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Alan Mason (as of February 29, 2016) | ||||
Types of Accounts | Number
of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate
of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Orlando Montalvo | ||||
Types of Accounts | Number
of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate
of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Greg Savage | ||||
Types of Accounts | Number
of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate
of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Shares
Per Creation Unit |
Value
Per Creation Unit (U.S.$) | |
50,000 | $1,250,000 |
Standard
Creation Transaction Fee |
Maximum
Additional Charge* | |
$500 | 3.0% |
* | As a percentage of the net asset value per Creation Unit. |
Standard
Redemption Transaction Fee |
Maximum
Additional Charge* | |
$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 | ||||
Brazil | 02/11/15 | 02/19/15 | 8 | |||
02/12/15 | 02/20/15 | 8 | ||||
02/13/15 | 02/23/15 | 10 | ||||
China | 02/13/15 | 02/25/15 | 12 | |||
02/16/15 | 02/26/15 | 10 | ||||
02/17/15 | 02/27/15 | 10 |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
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 | ||||
Israel | 04/01/15 | 04/12/15 | 11 | |||
04/02/15 | 04/13/15 | 11 | ||||
09/21/15 | 10/06/15 | 15 | ||||
09/24/15 | 10/07/15 | 13 | ||||
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 | 10 | ||||
Kazakhstan | 09/18/15 | 09/28/15 | 10 | |||
Namibia | 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 | 12 | ||||
04/24/15 | 05/05/15 | 11 | ||||
04/27/15 | 05/06/15 | 9 | ||||
04/28/15 | 05/07/15 | 9 | ||||
04/29/15 | 05/08/15 | 9 | ||||
04/30/15 | 05/11/15 | 12 | ||||
05/07/15 | 05/15/15 | 8 | ||||
05/08/15 | 05/18/15 | 11 | ||||
05/11/15 | 05/19/15 | 8 | ||||
05/12/15 | 05/20/15 | 8 | ||||
05/13/15 | 05/21/15 | 8 | ||||
05/18/15 | 05/26/15 | 8 | ||||
05/19/15 | 05/27/15 | 8 | ||||
05/20/15 | 05/28/15 | 8 | ||||
05/21/15 | 05/29/15 | 8 | ||||
05/22/15 | 06/01/15 | 11 | ||||
08/19/15 | 08/27/15 | 8 | ||||
08/20/15 | 08/28/15 | 8 | ||||
08/21/15 | 08/31/15 | 11 | ||||
08/24/15 | 09/01/15 | 11 | ||||
08/25/15 | 09/02/15 | 11 |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
12/03/15 | 12/11/15 | 8 | ||||
12/04/15 | 12/14/15 | 11 | ||||
12/07/15 | 12/15/15 | 8 | ||||
12/08/15 | 12/16/15 | 8 | ||||
12/09/15 | 12/17/15 | 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 | ||||
Norway | 03/30/15 | 04/07/15 | 8 | |||
03/31/15 | 04/08/15 | 8 | ||||
Oman | 07/14/15 | 07/26/15 | 12 | |||
07/15/15 | 07/27/15 | 12 | ||||
07/16/15 | 07/28/15 | 12 | ||||
09/21/15 | 09/29/15 | 9 | ||||
09/22/15 | 09/30/15 | 9 | ||||
09/23/15 | 10/01/15 | 9 | ||||
Palestine | 09/16/15 | 09/27/15 | 11 | |||
09/17/15 | 09/28/15 | 11 | ||||
09/20/15 | 09/29/15 | 9 | ||||
Philippines | 01/12/15 | 01/20/15 | 8 | |||
01/13/15 | 01/21/15 | 8 | ||||
01/14/15 | 01/22/15 | 8 | ||||
12/23/15 | 01/04/16 | 12 | ||||
12/28/15 | 01/05/16 | 8 | ||||
12/29/15 | 01/06/16 | 8 | ||||
Qatar | 07/14/15 | 07/22/15 | 8 | |||
07/15/15 | 07/23/15 | 8 | ||||
07/16/15 | 07/26/15 | 10 | ||||
09/09/15 | 09/17/15 | 8 | ||||
09/10/15 | 09/20/15 | 10 | ||||
09/13/15 | 09/21/15 | 8 | ||||
Russia | 12/28/15 | 01/13/16 | 16 | |||
12/29/15 | 01/14/16 | 16 | ||||
12/30/15 | 01/15/16 | 16 | ||||
Saudi Arabia | 09/24/15 | 10/04/15 | 10 | |||
09/27/15 | 10/05/15 | 8 | ||||
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 |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
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 | ||||
04/24/15 | 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 | ||||
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 | ||||
Spain | 03/30/15 | 04/07/15 | 8 | |||
03/31/15 | 04/08/15 | 8 | ||||
04/01/15 | 04/09/15 | 8 | ||||
Swaziland | 01/01/15 | 01/09/15 | 8 | |||
01/02/15 | 01/12/15 | 10 | ||||
01/05/15 | 01/13/15 | 8 | ||||
01/06/15 | 01/14/15 | 8 | ||||
01/07/15 | 01/15/15 | 8 | ||||
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 | ||||
04/24/15 | 05/04/15 | 10 |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
04/27/15 | 05/05/15 | 8 | ||||
04/28/15 | 05/06/15 | 8 | ||||
04/29/15 | 05/07/15 | 8 | ||||
04/30/15 | 05/08/15 | 8 | ||||
05/07/15 | 05/15/15 | 8 | ||||
05/08/15 | 05/18/15 | 10 | ||||
05/11/15 | 05/19/15 | 8 | ||||
05/12/15 | 05/20/15 | 8 | ||||
05/13/15 | 05/21/15 | 8 | ||||
07/15/15 | 07/23/15 | 8 | ||||
07/16/15 | 07/24/15 | 8 | ||||
07/17/15 | 07/27/15 | 10 | ||||
07/20/15 | 07/28/15 | 8 | ||||
07/21/15 | 07/29/15 | 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 | ||||
Taiwan | 02/16/15 | 02/24/15 | 8 | |||
02/17/15 | 02/25/15 | 8 | ||||
Thailand | 04/08/15 | 04/16/15 | 8 | |||
04/09/15 | 04/17/15 | 8 | ||||
04/10/15 | 04/20/15 | 10 | ||||
Uganda | 01/19/15 | 01/27/15 | 8 | |||
01/20/15 | 01/28/15 | 8 | ||||
01/21/15 | 01/29/15 | 8 | ||||
01/22/15 | 01/30/15 | 8 | ||||
01/23/15 | 02/02/15 | 10 | ||||
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 | ||||
04/24/15 | 05/04/15 | 10 | ||||
04/27/15 | 05/05/15 | 8 | ||||
04/28/15 | 05/06/15 | 8 | ||||
04/29/15 | 05/07/15 | 8 | ||||
04/30/15 | 05/08/15 | 8 | ||||
05/27/15 | 06/04/15 | 8 | ||||
05/28/15 | 06/05/15 | 8 | ||||
05/29/15 | 06/08/15 | 10 | ||||
06/01/15 | 06/10/15 | 9 | ||||
06/02/15 | 06/11/15 | 9 | ||||
06/04/15 | 06/12/15 | 8 | ||||
06/05/15 | 06/15/15 | 10 | ||||
06/08/15 | 06/16/15 | 8 |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
10/02/15 | 10/12/15 | 10 | ||||
10/05/15 | 10/13/15 | 8 | ||||
10/06/15 | 10/14/15 | 8 | ||||
10/07/15 | 10/15/15 | 8 | ||||
10/08/15 | 10/16/15 | 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 | ||||
Vietnam | 02/11/15 | 02/24/15 | 13 | |||
02/12/15 | 02/25/15 | 13 | ||||
02/13/15 | 02/26/15 | 13 | ||||
04/23/15 | 05/04/15 | 11 | ||||
04/24/15 | 05/05/15 | 11 | ||||
04/27/15 | 05/06/15 | 9 | ||||
Zimbabwe | 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 | ||||
04/24/15 | 05/04/15 | 10 | ||||
04/27/15 | 05/05/15 | 8 | ||||
04/28/15 | 05/06/15 | 8 | ||||
04/29/15 | 05/07/15 | 8 | ||||
04/30/15 | 05/08/15 | 8 | ||||
05/18/15 | 05/26/15 | 8 | ||||
05/19/15 | 05/27/15 | 8 | ||||
05/20/15 | 05/28/15 | 8 | ||||
05/21/15 | 05/29/15 | 8 | ||||
05/22/15 | 06/01/15 | 10 | ||||
08/03/15 | 08/12/15 | 9 | ||||
08/04/15 | 08/13/15 | 9 | ||||
08/05/15 | 08/14/15 | 9 | ||||
08/06/15 | 08/17/15 | 11 | ||||
08/07/15 | 08/18/15 | 11 | ||||
12/15/15 | 12/23/15 | 8 | ||||
12/16/15 | 12/24/15 | 8 | ||||
12/17/15 | 12/28/15 | 11 | ||||
12/18/15 | 12/29/15 | 11 | ||||
12/21/15 | 12/30/15 | 9 | ||||
12/23/15 | 12/31/15 | 8 | ||||
12/24/15 | 01/04/16 | 11 |
* | 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. |