iShares®
iShares, Inc.
iShares Trust
Supplement dated September 30, 2016
to the Summary Prospectus, Prospectus and
Statement of Additional Information (the SAI) for each of the
iShares Mortgage Real Estate Capped ETF (REM),
iShares MSCI Global Gold Miners ETF (RING),
iShares MSCI Global Metals & Mining Producers ETF (PICK),
iShares MSCI Italy Capped ETF (EWI),
iShares MSCI Malaysia ETF (EWM),
iShares MSCI Russia Capped ETF (ERUS) and
iShares MSCI United Kingdom ETF (EWU)
(each, a Fund and together, the Funds)
The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund.
The Board of Directors of iShares, Inc. and the Board of Trustees of iShares Trust have authorized the following reverse stock splits for each Fund at the ratios indicated below, effective after the close of trading on October 28, 2016. Shares of the Funds will begin trading on a split-adjusted basis on October 31, 2016.
Fund Name | Ticker | Reverse Split Ratio | ||
iShares Mortgage Real Estate Capped ETF |
REM | 1 for 4 | ||
iShares MSCI Global Gold Miners ETF |
RING | 1 for 2 | ||
iShares MSCI Global Metals & Mining Producers ETF |
PICK | 1 for 2 | ||
iShares MSCI Italy Capped ETF |
EWI | 1 for 2 | ||
iShares MSCI Malaysia ETF |
EWM | 1 for 4 | ||
iShares MSCI Russia Capped ETF |
ERUS | 1 for 2 | ||
iShares MSCI United Kingdom ETF |
EWU | 1 for 2 |
Also effective as of October 31, 2016, the number of shares in a Creation Unit for each Fund will be decreased as set forth in the table below:
Fund Name | Ticker | Creation Unit Size | ||
iShares Mortgage Real Estate Capped ETF |
REM | 50,000 shares per unit | ||
iShares MSCI Global Gold Miners ETF |
RING | 50,000 shares per unit | ||
iShares MSCI Global Metals & Mining Producers ETF |
PICK | 50,000 shares per unit | ||
iShares MSCI Italy Capped ETF |
EWI | 75,000 shares per unit | ||
iShares MSCI Malaysia ETF |
EWM | 75,000 shares per unit | ||
iShares MSCI Russia Capped ETF |
ERUS | 50,000 shares per unit | ||
iShares MSCI United Kingdom ETF |
EWU | 100,000 shares per unit |
As a result, all references to Creation Unit Size in the Summary Prospectus, Prospectus and SAI for each Fund will be hereby revised to the number of shares per unit stated above.
Post-reverse split fractional shares will be exchanged for cash and sent to the broker of record. This exchange may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders.
If you have additional questions, please call 1-800-iShares (1-800-474-2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
IS-A-RS-0916
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