0001193125-16-741876.txt : 20161020 0001193125-16-741876.hdr.sgml : 20161020 20161019174442 ACCESSION NUMBER: 0001193125-16-741876 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 17 FILED AS OF DATE: 20161020 DATE AS OF CHANGE: 20161019 EFFECTIVENESS DATE: 20161020 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iSHARES INC CENTRAL INDEX KEY: 0000930667 IRS NUMBER: 510396525 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-97598 FILM NUMBER: 161943190 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415) 670-2000 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES INC DATE OF NAME CHANGE: 20000516 FORMER COMPANY: FORMER CONFORMED NAME: WEBS INDEX FUND INC DATE OF NAME CHANGE: 19970211 FORMER COMPANY: FORMER CONFORMED NAME: FOREIGN FUND INC DATE OF NAME CHANGE: 19950524 0000930667 S000038923 iShares Core MSCI Emerging Markets ETF C000119708 iShares Core MSCI Emerging Markets ETF IEMG 497 1 d239920d497.htm FORM 497 FOR ISHARES INC. XBRL Form 497 for iShares Inc. XBRL
LOGO  

Sarah R. Lord

State Street

1 Iron Street CCB 1102

Boston, MA 02210

Tel +1 617 662 2641

Slord@statestreet.com

October 19, 2016

Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

 

RE: iShares, Inc. (the “Registrant”)
     Securities Act File No. 33-97598
     Investment Company Act File No. 811-09102

Ladies and Gentlemen:

On behalf of the Registrant and pursuant to Rule 497 under the Securities Act of 1933, as amended, attached for filing are exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information in the 497 filing, dated October 5, 2016 to the prospectus for the iShares Core MSCI Emerging Markets ETF. The purpose of this filing is to submit the 497 dated October 5, 2016 in XBRL.

If you have any questions regarding this filing, please contact Benjamin Haskin of Willkie Farr & Gallagher LLP at (202) 303-1124.

Very truly yours,

 

/s/ Sarah Lord

Sarah Lord
cc: Benjamin Haskin, Esq.
EX-101.INS 2 isi-20161005.xml XBRL INSTANCE DOCUMENT 0000930667 2015-12-31 2015-12-31 0000930667 isi:S000038923Member 2015-12-31 2015-12-31 0000930667 isi:S000038923Member isi:C000119708Member 2015-12-31 2015-12-31 0000930667 isi:S000038923Member isi:C000119708Member rr:AfterTaxesOnDistributionsAndSalesMember 2015-12-31 2015-12-31 0000930667 isi:S000038923Member isi:MSCIEmergingMarketsIMIMember 2015-12-31 2015-12-31 0000930667 isi:S000038923Member isi:C000119708Member rr:AfterTaxesOnDistributionsMember 2015-12-31 2015-12-31 pure iso4217:USD 2015-12-31 Other 2015-08-31 iSHARES INC 0000930667 false 2016-10-05 2016-10-05 iSHARES<sup>&#174;</sup> CORE MSCI EMERGING MARKETS ETF<br />Ticker: IEMG&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock Exchange: NYSE Arca <b>Investment Objective</b> The iShares Core MSCI Emerging Markets ETF (the &#8220;Fund&#8221;) seeks to track the investment results of an index composed of large-, mid- and small-capitalization emerging market equities. <b>Fees and Expenses</b> The following table describes the fees and expenses that you will incur if you own shares of the Fund. The investment advisory agreement between iShares, Inc. (the &#8220;Company&#8221;) and BlackRock Fund Advisors (&#8220;BFA&#8221;) (formerly, Barclays Global Fund Advisors (&#8220;BGFA&#8221;)) (the &#8220;Investment Advisory Agreement&#8221;) provides that BFA will pay all operating expenses of the Fund, except interest expenses, taxes, brokerage expenses, future distribution fees or expenses, and extraordinary expenses. The Fund may also pay &#8220;Acquired Fund Fees and Expenses.&#8221; Acquired Fund Fees and Expenses reflect the Fund's pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not used to calculate the Fund's net asset value per share (&#8220;NAV&#8221;) and are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus (the &#8220;Prospectus&#8221;).<br /><br />You may also incur usual and customary brokerage commissions and other charges when buying or selling shares of the Fund, which are not reflected in the Example that follows: <b>Annual Fund Operating Expenses <br/>(ongoing expenses that you pay each year as a<br/> percentage of the value of your investments)</b> <b>Example.</b> This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: <b>Portfolio Turnover.</b> The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 7% of the average value of its portfolio. <b>Principal Investment Strategies</b> The Fund seeks to track the investment results of the MSCI Emerging Markets Investable Market Index (IMI) (the &#8220;Underlying Index&#8221;), which is designed to measure large-, mid- and small-cap equity market performance in the global emerging markets. As of June 30, 2015, the Underlying Index consisted of the following 23 emerging market countries: Brazil, Chile, China, Colombia, the Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Malaysia, Mexico, Peru, the Philippines, Poland, Qatar, Russia, South Africa, South Korea, Taiwan, Thailand, Turkey and the United Arab Emirates. As of June 30, 2015, the Underlying Index was comprised of 2,724 constituents. Components of the Underlying Index primarily include consumer discretionary, financials and information technology companies. The components of the Underlying Index, and the degree to which these components represent certain industries, are likely to change over time.<br /><br />BFA uses a &#8220;passive&#8221; or indexing approach to try to achieve the Fund&#8217;s investment objective. Unlike many investment companies, the Fund does not try to &#8220;beat&#8221; the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.<br /><br />Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies.<br /><br />BFA uses a representative sampling indexing strategy to manage the Fund. &#8220;Representative sampling&#8221; is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of the Underlying Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Underlying Index. The Fund may or may not hold all of the securities in the Underlying Index.<br /><br />The Fund generally will invest at least 90% of its assets in the component securities of the Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of the Underlying Index (i.e., depositary receipts representing securities of the Underlying Index) and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index.<br /><br />The Fund invests all of its assets that are invested in India through a wholly owned subsidiary located in the Republic of Mauritius (the &#8220;Subsidiary&#8221;). BFA serves as investment adviser to both the Fund and the Subsidiary. Unless otherwise indicated, the term &#8220;Fund,&#8221; as used in this Prospectus, means the Fund and/or the Subsidiary, as applicable. The Fund seeks to track the investment results of the Underlying Index before the fees and expenses of the Fund.<br /><br />The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).<br /><br />The Underlying Index is calculated by MSCI Inc. (the &#8220;Index Provider&#8221; or &#8220;MSCI&#8221;), which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.<br /><br /><b>Industry Concentration Policy. </b>The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry. <b>Summary of Principal Risks</b> As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. The Fund is subject to the principal risks noted below, any of which may adversely affect the Fund's NAV, trading price, yield, total return and ability to meet its investment objective.<br /><br /><b>Asset Class Risk.</b> Securities and other assets in the Underlying Index or in the Fund's portfolio may underperform in comparison to the general financial markets, a particular financial market or other asset classes.<br /><br /><b>Authorized Participant Concentration Risk.</b> Only an Authorized Participant (as defined in the Creations and Redemptions section of the Prospectus) may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that act as Authorized Participants. To the extent that these institutions exit the business or are unable to proceed with creation and/or redemption orders with respect to the Fund and no other Authorized Participant is able to step forward to create or redeem Creation Units (as defined below), Fund shares may trade at a discount to NAV and possibly face trading halts and/or delisting.<br /><br /><b>Commodity Risk.</b> The Fund invests in economies that are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have an adverse impact on those economies.<br /><br /><b>Concentration Risk.</b> The Fund may be susceptible to an increased risk of loss, including losses due to adverse events that affect the Fund&#8217;s investments more than the market as a whole, to the extent that the Fund's investments are concentrated in the securities of a particular issuer or issuers, country, group of countries, region, market, industry, group of industries, sector or asset class.<br /><br /><b>Consumer Discretionary Sector Risk.</b> The consumer discretionary sector may be affected by changes in domestic and international economies, exchange and interest rates, competition, consumers' disposable income, consumer preferences, social trends and marketing campaigns.<br /><br /><b>Currency Risk.</b> Because the Fund's NAV is determined in U.S. dollars, the Fund's NAV could decline if the currency of a non-U.S. market in which the Fund invests depreciates against the U.S. dollar or if there are delays or limits on repatriation of such currency. Currency exchange rates can be very volatile and can change quickly and unpredictably. As a result, the value of an investment in the Fund may change quickly and without warning, which could have a significant negative impact on the Fund.<br /><br /><b>Custody Risk.</b> Less developed markets are more likely to experience problems with the clearing and settling of trades, as well as the holding of securities by local banks, agents and depositories.<br /><br /><b>Cyber Security Risk.</b> Failures or breaches of the electronic systems of the Fund, the Fund's adviser, and the Fund's other service providers, market makers, Authorized Participants or the issuers of securities in which the Fund invests have the ability to cause disruptions and negatively impact the Fund&#8217;s business operations, potentially resulting in financial losses to the Fund and its shareholders. While the Fund has established business continuity plans and risk management systems seeking to address system breaches or failures, there are inherent limitations in such plans and systems. Furthermore, the Fund cannot control the cyber security plans and systems of the Fund&#8217;s service providers, market makers, Authorized Participants or issuers of securities in which the Fund invests.<br /><br /><b>Equity Securities Risk.</b> Equity securities are subject to changes in value, and their values may be more volatile than those of other asset classes.<br /><br /><b>Financials Sector Risk.</b> Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, government regulations, economic conditions, credit rating downgrades, changes in interest rates, and decreased liquidity in credit markets. The impact of more stringent capital requirements, recent or future regulation of any individual financial company, or recent or future regulation of the financials sector as a whole cannot be predicted. In recent years, cyber attacks and technology malfunctions and failures have become increasingly frequent in this sector and have caused significant losses.<br /><br /><b>Geographic Risk.</b> A natural or other disaster could occur in a geographic region in which the Fund invests, which could affect the economy or particular business operations of companies in the specific geographic region, causing an adverse impact on the Fund's investments in the affected region.<br /><br /><b>Index-Related Risk.</b> There is no guarantee that the Fund will achieve a high degree of correlation to the Underlying Index and therefore achieve its investment objective. Market disruptions and regulatory restrictions could have an adverse effect on the Fund&#8217;s ability to adjust its exposure to the required levels in order to track the Underlying Index. Errors in index data, index computations and/or the construction of the Underlying Index in accordance with its methodology may occur from time to time and may not be identified and corrected by the Index Provider for a period of time or at all, which may have an adverse impact on the Fund and its shareholders.<br /><br /><b>Information Technology Sector Risk.</b> Information technology companies face intense competition and potentially rapid product obsolescence. They are also heavily dependent on intellectual property rights and may be adversely affected by the loss or impairment of those rights.<br /><br /><b>Issuer Risk.</b> Fund performance depends on the performance of individual securities to which the Fund has exposure. Changes in the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline.<br /><br /><b>Management Risk.</b> As the Fund may not fully replicate the Underlying Index, it is subject to the risk that BFA's investment strategy may not produce the intended results.<br /><br /><b>Market Risk.</b> The Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns.<br /><br /><b>Market Trading Risk.</b> The Fund faces numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, periods of high volatility and disruptions in the creation/redemption process. ANY OF THESE FACTORS, AMONG OTHERS, MAY LEAD TO THE FUND'S SHARES TRADING AT A PREMIUM OR DISCOUNT TO NAV.<br /><br /><b>National Closed Market Trading Risk.</b> To the extent that the underlying securities held by the Fund trade on foreign exchanges that may be closed when the securities exchange on which the Fund&#8217;s shares trade is open, there are likely to be deviations between the current price of such an underlying security and the last quoted price for the underlying security (i.e., the Fund&#8217;s quote from the closed foreign market). These deviations could result in premiums or discounts to the Fund&#8217;s NAV that may be greater than those experienced by other exchange-traded funds (&#8220;ETFs&#8221;).<br /><br /><b>Non-U.S. Securities Risk.</b> Investments in the securities of non-U.S. issuers are subject to the risks associated with investing in those non-U.S. markets, such as heightened risks of inflation or nationalization. The Fund may lose money due to political, economic and geographic events affecting issuers of non-U.S. securities or non-U.S. markets. In addition, non-U.S. securities markets may trade a small number of securities and may be unable to respond effectively to increases in trading volume, potentially making prompt liquidation of holdings difficult or impossible at times. The Fund is specifically exposed to <b>Asian Economic Risk</b>.<br /><br /><b>Operational Risk</b>. The Fund is exposed to operational risk arising from a number of factors, including but not limited to human error, processing and communication errors, errors of the Fund&#8217;s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The Fund and BFA seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate for those risks that they are intended to address.<br /><br /><b>Passive Investment Risk.</b> The Fund is not actively managed and BFA does not attempt to take defensive positions under any market conditions, including declining markets.<br /><br /><b>Privatization Risk.</b> Some countries in which the Fund invests have privatized, or have begun the process of privatizing, certain entities and industries. Privatized entities may lose money or be re-nationalized.<br /><br /><b>Reliance on Trading Partners Risk.</b> The Fund invests in countries whose economies are heavily dependent upon trading with key partners. Any reduction in this trading may have an adverse impact on the Fund's investments. Through its portfolio companies' trading partners, the Fund is specifically exposed to <b>Asian Economic Risk, Central and South American Economic Risk</b> and <b>U.S. Economic Risk</b>.<br /><br /><b>Risk of Investing in China.</b> Investments in Chinese issuers subject the Fund to risks specific to China. China may be subject to considerable degrees of economic, political and social instability. China is an emerging market and demonstrates significantly higher volatility from time to time in comparison to developed markets. Over the last few decades, the Chinese government has undertaken reform of economic and market practices and has expanded the sphere of private ownership of property in China. However, Chinese markets generally continue to experience inefficiency, volatility and pricing anomalies resulting from governmental influence, a lack of publicly available information and/or political and social instability. Internal social unrest or confrontations with other neighboring countries, including military conflicts in response to such events, may also disrupt economic development in China and result in a greater risk of currency fluctuations, currency non-convertibility, interest rate fluctuations and higher rates of inflation. Export growth continues to be a major driver of China's rapid economic growth. Reduction in spending on Chinese products and services, institution of tariffs or other trade barriers, or a downturn in any of the economies of China's key trading partners may have an adverse impact on the Chinese economy.<br /><br /><b>Risk of Investing in Emerging Markets.</b> The Fund's investments in emerging market issuers may be subject to a greater risk of loss than investments in issuers located or operating in more developed markets. Emerging markets may be more likely to experience inflation, political turmoil and rapid changes in economic conditions than more developed markets. Emerging markets often have less uniformity in accounting and reporting requirements, less reliable securities valuations and greater risk associated with custody of securities than developed markets.<br /><br /><b>Risk of Investing in India.</b> Investments in Indian issuers involve risks that are specific to India, including legal, regulatory, political and economic risks. Political and legal uncertainty, greater government control over the economy, currency fluctuations or blockage, and the risk of nationalization or expropriation of assets may result in higher potential for losses. The securities markets in India are relatively underdeveloped and may subject the Fund to higher transaction costs or greater uncertainty than investments in more developed securities markets.<br /><br /><b>Risk of Investing in Russia.</b> Investing in Russian securities involves significant risks, including legal, regulatory and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund&#8217;s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. A number of countries have imposed economic sanctions on certain Russian individuals and Russian corporate entities. These sanctions, or even the threat of further sanctions, may adversely affect Russia&#8217;s economy and the Fund&#8217;s investments.<br /><br /><b>Securities Lending Risk.</b> The Fund may engage in securities lending. Securities lending involves the risk that the Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. The Fund could also lose money in the event of a decline in the value of collateral provided for loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for the Fund.<br /><br /><b>Security Risk.</b> Some countries and regions in which the Fund invests have experienced security concerns, such as terrorism or strained international relations. Incidents involving a country's or region's security may cause uncertainty in these markets and may adversely affect their economies and the Fund's investments.<br /><br /><b>Structural Risk.</b> The countries in which the Fund invests may be subject to considerable degrees of economic, political and social instability.<br /><br /><b>Tracking Error Risk.</b> Tracking error is the divergence of the Fund&#8217;s performance from that of the Underlying Index. Tracking error may occur because of differences between the securities and other instruments held in the Fund&#8217;s portfolio and those included in the Underlying Index, pricing differences (including differences between a security&#8217;s price at the local market close and the Fund's valuation of a security at the time of calculation of the Fund's NAV), transaction costs, the Fund&#8217;s holding of uninvested cash, differences in timing of the accrual of dividends or interest, tax gains or losses, changes to the Underlying Index or the need to meet various new or existing regulatory requirements. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Underlying Index does not. FUNDS THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN EMERGING MARKETS ISSUERS MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER INDEX ETFs THAT DO NOT TRACK SUCH INDICES.<br /><br /><b>Treaty/Tax Risk.</b> The Fund &nbsp;and the Subsidiary rely on the Double Tax Avoidance Agreement between India and Mauritius (&#8220;DTAA&#8221;) for relief from certain Indian taxes. Treaty renegotiation (particularly to introduce a limitation on benefits clause), future legislative or regulatory changes, or other administrative or legal developments may result in the Fund withdrawing from the Subsidiary, which may result in higher taxes and/or lower returns for the Fund.<br /><br /><b>Valuation Risk.</b> The sale price the Fund could receive for a security or other asset may differ from the Fund's valuation of the security or other asset and from the value used by the Underlying Index, particularly for securities or other assets that trade in low volume or volatile markets or that are valued using a fair value methodology. In addition, the value of the securities or other assets in the Fund's portfolio may change on days when shareholders will not be able to purchase or sell the Fund's shares. <b>Performance Information</b> The bar chart and table that follow show how the Fund has performed on a calendar year basis and provide an indication of the risks of investing in the Fund. Both assume that all dividends and distributions have been reinvested in the Fund. Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Supplemental information about the Fund&#8217;s performance is shown under the heading Total Return Information in the Supplemental Information section of the Prospectus. If BFA had not waived certain Fund fees during certain periods, the Fund's returns would have been lower. The contractual waiver was discontinued on December 31, 2015. <b>Year by Year Returns (Years Ended December 31)</b> The best calendar quarter return during the periods shown above was 6.44% in the 2nd quarter of 2014; the worst was -7.83% in the 2nd quarter of 2013.<br /><br />Updated performance information is available at www.iShares.com or by calling 1-800-iShares (1-800-474-2737) (toll free). <b>Average Annual Total Returns</b><br /><b>(for the periods ended December 31, 2014)</b> Acquired Fund Fees and Expenses are not used to calculate the Fund's net asset value per share (&#8220;NAV&#8221;) and are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus (the &#8220;Prospectus&#8221;). You may also incur usual and customary brokerage commissions and other charges when buying or selling shares of the Fund, which are not reflected in the Example that follows: The expense information in the table has been restated to reflect current management fees. <b>Industry Concentration Policy. </b>The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry. As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. The bar chart and table that follow show how the Fund has performed on a calendar year basis and provide an indication of the risks of investing in the Fund. Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. The Fund&#8217;s year-to-date return 2015-09-30 2014-06-30 worst 2013-06-30 www.iShares.com 1-800-iShares (1-800-474-2737) (toll free) best 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&#8217;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 (&#8220;IRAs&#8221;). 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. 0.0014 0 0 0 0 0.0014 14 45 79 179 2012-10-18 0.0009 0.0011 0.0011 0.07 <div style="display:none">~ http://www.iShares.com/role/ScheduleExpenseExampleTransposed000014 column period compact * ~</div> -0.0204 -0.0254 -0.0069 -0.0179 -0.0034 -0.1485 -0.0216 -0.0204 <div style="display:none">~ http://www.iShares.com/role/ScheduleAnnualTotalReturnsBarChart000016 column period compact * ~</div> <div style="display:none">~ http://www.iShares.com/role/ScheduleAverageAnnualTotalReturnsTransposed000017 column period compact * ~</div> -0.0783 0.0644 <div style="display:none">~ http://www.iShares.com/role/ScheduleAnnualFundOperatingExpensesTransposed000013 column period compact * ~</div> The expense information in the table has been restated to reflect current management fees. 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. The Fund’s year-to-date return as of September 30, 2015 was -14.85%. EX-101.SCH 3 isi-20161005.xsd XBRL TAXONOMY EXTENSION SCHEMA 000000 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink 000011 - Document - Risk/Return Summary {Unlabeled} - iShares Core MSCI Emerging Markets ETF link:presentationLink link:calculationLink link:definitionLink 000012 - Schedule - Shareholder Fees link:presentationLink link:calculationLink link:definitionLink 000013 - Schedule - Annual Fund Operating Expenses {Transposed} link:calculationLink link:presentationLink link:definitionLink 000014 - Schedule - Expense Example {Transposed} link:presentationLink link:calculationLink link:definitionLink 000015 - Schedule - Expense Example, No Redemption link:presentationLink link:calculationLink link:definitionLink 000016 - Schedule - Annual Total Returns [BarChart] link:presentationLink link:calculationLink link:definitionLink 000017 - Schedule - Average Annual Total Returns {Transposed} link:presentationLink link:calculationLink link:definitionLink 000018 - Document - Risk/Return Detail {Unlabeled} - iShares Core MSCI Emerging Markets ETF link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - Risk/Return Detail Data {Elements} - iShares Core MSCI Emerging Markets ETF link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 isi-20161005_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 5 isi-20161005_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 6 isi-20161005_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 7 isi-20161005_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 8 g239920g1018092409197.jpg GRAPHIC begin 644 g239920g1018092409197.jpg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htm IDEA: XBRL DOCUMENT v3.5.0.2
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType Other
Document Period End Date dei_DocumentPeriodEndDate Aug. 31, 2015
Registrant Name dei_EntityRegistrantName iSHARES INC
Central Index Key dei_EntityCentralIndexKey 0000930667
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Oct. 05, 2016
Document Effective Date dei_DocumentEffectiveDate Oct. 05, 2016
Prospectus Date rr_ProspectusDate Dec. 31, 2015
GRAPHIC 10 BarChart1.png IDEA: XBRL DOCUMENT begin 644 BarChart1.png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end XML 11 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
iShares Core MSCI Emerging Markets ETF
iSHARES® CORE MSCI EMERGING MARKETS ETF
Ticker: IEMG                    Stock Exchange: NYSE Arca
Investment Objective
The iShares Core MSCI Emerging Markets ETF (the “Fund”) seeks to track the investment results of an index composed of large-, mid- and small-capitalization emerging market equities.
Fees and Expenses
The following table describes the fees and expenses that you will incur if you own shares of the Fund. The investment advisory agreement between iShares, Inc. (the “Company”) and BlackRock Fund Advisors (“BFA”) (formerly, Barclays Global Fund Advisors (“BGFA”)) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except interest expenses, taxes, brokerage expenses, future distribution fees or expenses, and extraordinary expenses. The Fund may also pay “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund's pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not used to calculate the Fund's net asset value per share (“NAV”) and are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus (the “Prospectus”).

You may also incur usual and customary brokerage commissions and other charges when buying or selling shares of the Fund, which are not reflected in the Example that follows:
Annual Fund Operating Expenses
(ongoing expenses that you pay each year as a
percentage of the value of your investments)
Annual Fund Operating Expenses
Management Fees
Distribution and Service (12b-1) Fees
Foreign Taxes
Other Expenses
Acquired Fund Fees and Expenses
Total Annual Fund Operating Expenses
iShares Core MSCI Emerging Markets ETF | iShares Core MSCI Emerging Markets ETF [1] 0.14% none none none none 0.14%
[1] The expense information in the table has been restated to reflect current management fees.
Example.
This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example
1 Year
3 Years
5 Years
10 Years
iShares Core MSCI Emerging Markets ETF | iShares Core MSCI Emerging Markets ETF | USD ($) 14 45 79 179
Portfolio Turnover.
The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 7% of the average value of its portfolio.
Principal Investment Strategies
The Fund seeks to track the investment results of the MSCI Emerging Markets Investable Market Index (IMI) (the “Underlying Index”), which is designed to measure large-, mid- and small-cap equity market performance in the global emerging markets. As of June 30, 2015, the Underlying Index consisted of the following 23 emerging market countries: Brazil, Chile, China, Colombia, the Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Malaysia, Mexico, Peru, the Philippines, Poland, Qatar, Russia, South Africa, South Korea, Taiwan, Thailand, Turkey and the United Arab Emirates. As of June 30, 2015, the Underlying Index was comprised of 2,724 constituents. Components of the Underlying Index primarily include consumer discretionary, financials and information technology companies. The components of the Underlying Index, and the degree to which these components represent certain industries, are likely to change over time.

BFA uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.

Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies.

BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of the Underlying Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Underlying Index. The Fund may or may not hold all of the securities in the Underlying Index.

The Fund generally will invest at least 90% of its assets in the component securities of the Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of the Underlying Index (i.e., depositary receipts representing securities of the Underlying Index) and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index.

The Fund invests all of its assets that are invested in India through a wholly owned subsidiary located in the Republic of Mauritius (the “Subsidiary”). BFA serves as investment adviser to both the Fund and the Subsidiary. Unless otherwise indicated, the term “Fund,” as used in this Prospectus, means the Fund and/or the Subsidiary, as applicable. The Fund seeks to track the investment results of the Underlying Index before the fees and expenses of the Fund.

The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).

The Underlying Index is calculated by MSCI Inc. (the “Index Provider” or “MSCI”), which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.

Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
Summary of Principal Risks
As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. The Fund is subject to the principal risks noted below, any of which may adversely affect the Fund's NAV, trading price, yield, total return and ability to meet its investment objective.

Asset Class Risk. Securities and other assets in the Underlying Index or in the Fund's portfolio may underperform in comparison to the general financial markets, a particular financial market or other asset classes.

Authorized Participant Concentration Risk. Only an Authorized Participant (as defined in the Creations and Redemptions section of the Prospectus) may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that act as Authorized Participants. To the extent that these institutions exit the business or are unable to proceed with creation and/or redemption orders with respect to the Fund and no other Authorized Participant is able to step forward to create or redeem Creation Units (as defined below), Fund shares may trade at a discount to NAV and possibly face trading halts and/or delisting.

Commodity Risk. The Fund invests in economies that are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have an adverse impact on those economies.

Concentration Risk. The Fund may be susceptible to an increased risk of loss, including losses due to adverse events that affect the Fund’s investments more than the market as a whole, to the extent that the Fund's investments are concentrated in the securities of a particular issuer or issuers, country, group of countries, region, market, industry, group of industries, sector or asset class.

Consumer Discretionary Sector Risk. The consumer discretionary sector may be affected by changes in domestic and international economies, exchange and interest rates, competition, consumers' disposable income, consumer preferences, social trends and marketing campaigns.

Currency Risk. Because the Fund's NAV is determined in U.S. dollars, the Fund's NAV could decline if the currency of a non-U.S. market in which the Fund invests depreciates against the U.S. dollar or if there are delays or limits on repatriation of such currency. Currency exchange rates can be very volatile and can change quickly and unpredictably. As a result, the value of an investment in the Fund may change quickly and without warning, which could have a significant negative impact on the Fund.

Custody Risk. Less developed markets are more likely to experience problems with the clearing and settling of trades, as well as the holding of securities by local banks, agents and depositories.

Cyber Security Risk. Failures or breaches of the electronic systems of the Fund, the Fund's adviser, and the Fund's other service providers, market makers, Authorized Participants or the issuers of securities in which the Fund invests have the ability to cause disruptions and negatively impact the Fund’s business operations, potentially resulting in financial losses to the Fund and its shareholders. While the Fund has established business continuity plans and risk management systems seeking to address system breaches or failures, there are inherent limitations in such plans and systems. Furthermore, the Fund cannot control the cyber security plans and systems of the Fund’s service providers, market makers, Authorized Participants or issuers of securities in which the Fund invests.

Equity Securities Risk. Equity securities are subject to changes in value, and their values may be more volatile than those of other asset classes.

Financials Sector Risk. Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, government regulations, economic conditions, credit rating downgrades, changes in interest rates, and decreased liquidity in credit markets. The impact of more stringent capital requirements, recent or future regulation of any individual financial company, or recent or future regulation of the financials sector as a whole cannot be predicted. In recent years, cyber attacks and technology malfunctions and failures have become increasingly frequent in this sector and have caused significant losses.

Geographic Risk. A natural or other disaster could occur in a geographic region in which the Fund invests, which could affect the economy or particular business operations of companies in the specific geographic region, causing an adverse impact on the Fund's investments in the affected region.

Index-Related Risk. There is no guarantee that the Fund will achieve a high degree of correlation to the Underlying Index and therefore achieve its investment objective. Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in order to track the Underlying Index. Errors in index data, index computations and/or the construction of the Underlying Index in accordance with its methodology may occur from time to time and may not be identified and corrected by the Index Provider for a period of time or at all, which may have an adverse impact on the Fund and its shareholders.

Information Technology Sector Risk. Information technology companies face intense competition and potentially rapid product obsolescence. They are also heavily dependent on intellectual property rights and may be adversely affected by the loss or impairment of those rights.

Issuer Risk. Fund performance depends on the performance of individual securities to which the Fund has exposure. Changes in the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline.

Management Risk. As the Fund may not fully replicate the Underlying Index, it is subject to the risk that BFA's investment strategy may not produce the intended results.

Market Risk. The Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns.

Market Trading Risk. The Fund faces numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, periods of high volatility and disruptions in the creation/redemption process. ANY OF THESE FACTORS, AMONG OTHERS, MAY LEAD TO THE FUND'S SHARES TRADING AT A PREMIUM OR DISCOUNT TO NAV.

National Closed Market Trading Risk. To the extent that the underlying securities held by the Fund trade on foreign exchanges that may be closed when the securities exchange on which the Fund’s shares trade is open, there are likely to be deviations between the current price of such an underlying security and the last quoted price for the underlying security (i.e., the Fund’s quote from the closed foreign market). These deviations could result in premiums or discounts to the Fund’s NAV that may be greater than those experienced by other exchange-traded funds (“ETFs”).

Non-U.S. Securities Risk. Investments in the securities of non-U.S. issuers are subject to the risks associated with investing in those non-U.S. markets, such as heightened risks of inflation or nationalization. The Fund may lose money due to political, economic and geographic events affecting issuers of non-U.S. securities or non-U.S. markets. In addition, non-U.S. securities markets may trade a small number of securities and may be unable to respond effectively to increases in trading volume, potentially making prompt liquidation of holdings difficult or impossible at times. The Fund is specifically exposed to Asian Economic Risk.

Operational Risk. The Fund is exposed to operational risk arising from a number of factors, including but not limited to human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The Fund and BFA seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate for those risks that they are intended to address.

Passive Investment Risk. The Fund is not actively managed and BFA does not attempt to take defensive positions under any market conditions, including declining markets.

Privatization Risk. Some countries in which the Fund invests have privatized, or have begun the process of privatizing, certain entities and industries. Privatized entities may lose money or be re-nationalized.

Reliance on Trading Partners Risk. The Fund invests in countries whose economies are heavily dependent upon trading with key partners. Any reduction in this trading may have an adverse impact on the Fund's investments. Through its portfolio companies' trading partners, the Fund is specifically exposed to Asian Economic Risk, Central and South American Economic Risk and U.S. Economic Risk.

Risk of Investing in China. Investments in Chinese issuers subject the Fund to risks specific to China. China may be subject to considerable degrees of economic, political and social instability. China is an emerging market and demonstrates significantly higher volatility from time to time in comparison to developed markets. Over the last few decades, the Chinese government has undertaken reform of economic and market practices and has expanded the sphere of private ownership of property in China. However, Chinese markets generally continue to experience inefficiency, volatility and pricing anomalies resulting from governmental influence, a lack of publicly available information and/or political and social instability. Internal social unrest or confrontations with other neighboring countries, including military conflicts in response to such events, may also disrupt economic development in China and result in a greater risk of currency fluctuations, currency non-convertibility, interest rate fluctuations and higher rates of inflation. Export growth continues to be a major driver of China's rapid economic growth. Reduction in spending on Chinese products and services, institution of tariffs or other trade barriers, or a downturn in any of the economies of China's key trading partners may have an adverse impact on the Chinese economy.

Risk of Investing in Emerging Markets. The Fund's investments in emerging market issuers may be subject to a greater risk of loss than investments in issuers located or operating in more developed markets. Emerging markets may be more likely to experience inflation, political turmoil and rapid changes in economic conditions than more developed markets. Emerging markets often have less uniformity in accounting and reporting requirements, less reliable securities valuations and greater risk associated with custody of securities than developed markets.

Risk of Investing in India. Investments in Indian issuers involve risks that are specific to India, including legal, regulatory, political and economic risks. Political and legal uncertainty, greater government control over the economy, currency fluctuations or blockage, and the risk of nationalization or expropriation of assets may result in higher potential for losses. The securities markets in India are relatively underdeveloped and may subject the Fund to higher transaction costs or greater uncertainty than investments in more developed securities markets.

Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. A number of countries have imposed economic sanctions on certain Russian individuals and Russian corporate entities. These sanctions, or even the threat of further sanctions, may adversely affect Russia’s economy and the Fund’s investments.

Securities Lending Risk. The Fund may engage in securities lending. Securities lending involves the risk that the Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. The Fund could also lose money in the event of a decline in the value of collateral provided for loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for the Fund.

Security Risk. Some countries and regions in which the Fund invests have experienced security concerns, such as terrorism or strained international relations. Incidents involving a country's or region's security may cause uncertainty in these markets and may adversely affect their economies and the Fund's investments.

Structural Risk. The countries in which the Fund invests may be subject to considerable degrees of economic, political and social instability.

Tracking Error Risk. Tracking error is the divergence of the Fund’s performance from that of the Underlying Index. Tracking error may occur because of differences between the securities and other instruments held in the Fund’s portfolio and those included in the Underlying Index, pricing differences (including differences between a security’s price at the local market close and the Fund's valuation of a security at the time of calculation of the Fund's NAV), transaction costs, the Fund’s holding of uninvested cash, differences in timing of the accrual of dividends or interest, tax gains or losses, changes to the Underlying Index or the need to meet various new or existing regulatory requirements. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Underlying Index does not. FUNDS THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN EMERGING MARKETS ISSUERS MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER INDEX ETFs THAT DO NOT TRACK SUCH INDICES.

Treaty/Tax Risk. The Fund  and the Subsidiary rely on the Double Tax Avoidance Agreement between India and Mauritius (“DTAA”) for relief from certain Indian taxes. Treaty renegotiation (particularly to introduce a limitation on benefits clause), future legislative or regulatory changes, or other administrative or legal developments may result in the Fund withdrawing from the Subsidiary, which may result in higher taxes and/or lower returns for the Fund.

Valuation Risk. The sale price the Fund could receive for a security or other asset may differ from the Fund's valuation of the security or other asset and from the value used by the Underlying Index, particularly for securities or other assets that trade in low volume or volatile markets or that are valued using a fair value methodology. In addition, the value of the securities or other assets in the Fund's portfolio may change on days when shareholders will not be able to purchase or sell the Fund's shares.
Performance Information
The bar chart and table that follow show how the Fund has performed on a calendar year basis and provide an indication of the risks of investing in the Fund. Both assume that all dividends and distributions have been reinvested in the Fund. Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Supplemental information about the Fund’s performance is shown under the heading Total Return Information in the Supplemental Information section of the Prospectus. If BFA had not waived certain Fund fees during certain periods, the Fund's returns would have been lower. The contractual waiver was discontinued on December 31, 2015.
Year by Year Returns (Years Ended December 31)
Bar Chart
[1] The Fund’s year-to-date return as of September 30, 2015 was -14.85%.
The best calendar quarter return during the periods shown above was 6.44% in the 2nd quarter of 2014; the worst was -7.83% in the 2nd quarter of 2013.

Updated performance information is available at www.iShares.com or by calling 1-800-iShares (1-800-474-2737) (toll free).
Average Annual Total Returns
(for the periods ended December 31, 2014)
Average Annual Total Returns - iShares Core MSCI Emerging Markets ETF
One Year
Since Fund Inception
Inception Date
iShares Core MSCI Emerging Markets ETF (2.04%) 0.09% Oct. 18, 2012
iShares Core MSCI Emerging Markets ETF | Return After Taxes on Distributions [1] (2.54%) (0.34%)  
iShares Core MSCI Emerging Markets ETF | Return After Taxes on Distributions and Sale of Fund Shares [1] (0.69%) 0.11%  
MSCI Emerging Markets IMI (Index returns do not reflect deductions for fees, expenses or taxes) (1.79%) 0.11%  
[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.
XML 12 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName iSHARES INC
Prospectus Date rr_ProspectusDate Dec. 31, 2015
iShares Core MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading iSHARES® CORE MSCI EMERGING MARKETS ETF
Ticker: IEMG                    Stock Exchange: NYSE Arca
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The iShares Core MSCI Emerging Markets ETF (the “Fund”) seeks to track the investment results of an index composed of large-, mid- and small-capitalization emerging market equities.
Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses that you will incur if you own shares of the Fund. The investment advisory agreement between iShares, Inc. (the “Company”) and BlackRock Fund Advisors (“BFA”) (formerly, Barclays Global Fund Advisors (“BGFA”)) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except interest expenses, taxes, brokerage expenses, future distribution fees or expenses, and extraordinary expenses. The Fund may also pay “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund's pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not used to calculate the Fund's net asset value per share (“NAV”) and are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus (the “Prospectus”).

You may also incur usual and customary brokerage commissions and other charges when buying or selling shares of the Fund, which are not reflected in the Example that follows:
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses
(ongoing expenses that you pay each year as a
percentage of the value of your investments)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover.
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 7% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 7.00%
Expense Exchange Traded Fund Commissions [Text] rr_ExpenseExchangeTradedFundCommissions You may also incur usual and customary brokerage commissions and other charges when buying or selling shares of the Fund, which are not reflected in the Example that follows:
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent The expense information in the table has been restated to reflect current management fees.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees Acquired Fund Fees and Expenses are not used to calculate the Fund's net asset value per share (“NAV”) and are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus (the “Prospectus”).
Expense Example [Heading] rr_ExpenseExampleHeading Example.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund seeks to track the investment results of the MSCI Emerging Markets Investable Market Index (IMI) (the “Underlying Index”), which is designed to measure large-, mid- and small-cap equity market performance in the global emerging markets. As of June 30, 2015, the Underlying Index consisted of the following 23 emerging market countries: Brazil, Chile, China, Colombia, the Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Malaysia, Mexico, Peru, the Philippines, Poland, Qatar, Russia, South Africa, South Korea, Taiwan, Thailand, Turkey and the United Arab Emirates. As of June 30, 2015, the Underlying Index was comprised of 2,724 constituents. Components of the Underlying Index primarily include consumer discretionary, financials and information technology companies. The components of the Underlying Index, and the degree to which these components represent certain industries, are likely to change over time.

BFA uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.

Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies.

BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of the Underlying Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Underlying Index. The Fund may or may not hold all of the securities in the Underlying Index.

The Fund generally will invest at least 90% of its assets in the component securities of the Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of the Underlying Index (i.e., depositary receipts representing securities of the Underlying Index) and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index.

The Fund invests all of its assets that are invested in India through a wholly owned subsidiary located in the Republic of Mauritius (the “Subsidiary”). BFA serves as investment adviser to both the Fund and the Subsidiary. Unless otherwise indicated, the term “Fund,” as used in this Prospectus, means the Fund and/or the Subsidiary, as applicable. The Fund seeks to track the investment results of the Underlying Index before the fees and expenses of the Fund.

The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).

The Underlying Index is calculated by MSCI Inc. (the “Index Provider” or “MSCI”), which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.

Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
Strategy Portfolio Concentration [Text] rr_StrategyPortfolioConcentration Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
Risk [Heading] rr_RiskHeading Summary of Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. The Fund is subject to the principal risks noted below, any of which may adversely affect the Fund's NAV, trading price, yield, total return and ability to meet its investment objective.

Asset Class Risk. Securities and other assets in the Underlying Index or in the Fund's portfolio may underperform in comparison to the general financial markets, a particular financial market or other asset classes.

Authorized Participant Concentration Risk. Only an Authorized Participant (as defined in the Creations and Redemptions section of the Prospectus) may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that act as Authorized Participants. To the extent that these institutions exit the business or are unable to proceed with creation and/or redemption orders with respect to the Fund and no other Authorized Participant is able to step forward to create or redeem Creation Units (as defined below), Fund shares may trade at a discount to NAV and possibly face trading halts and/or delisting.

Commodity Risk. The Fund invests in economies that are susceptible to fluctuations in certain commodity markets. Any negative changes in commodity markets could have an adverse impact on those economies.

Concentration Risk. The Fund may be susceptible to an increased risk of loss, including losses due to adverse events that affect the Fund’s investments more than the market as a whole, to the extent that the Fund's investments are concentrated in the securities of a particular issuer or issuers, country, group of countries, region, market, industry, group of industries, sector or asset class.

Consumer Discretionary Sector Risk. The consumer discretionary sector may be affected by changes in domestic and international economies, exchange and interest rates, competition, consumers' disposable income, consumer preferences, social trends and marketing campaigns.

Currency Risk. Because the Fund's NAV is determined in U.S. dollars, the Fund's NAV could decline if the currency of a non-U.S. market in which the Fund invests depreciates against the U.S. dollar or if there are delays or limits on repatriation of such currency. Currency exchange rates can be very volatile and can change quickly and unpredictably. As a result, the value of an investment in the Fund may change quickly and without warning, which could have a significant negative impact on the Fund.

Custody Risk. Less developed markets are more likely to experience problems with the clearing and settling of trades, as well as the holding of securities by local banks, agents and depositories.

Cyber Security Risk. Failures or breaches of the electronic systems of the Fund, the Fund's adviser, and the Fund's other service providers, market makers, Authorized Participants or the issuers of securities in which the Fund invests have the ability to cause disruptions and negatively impact the Fund’s business operations, potentially resulting in financial losses to the Fund and its shareholders. While the Fund has established business continuity plans and risk management systems seeking to address system breaches or failures, there are inherent limitations in such plans and systems. Furthermore, the Fund cannot control the cyber security plans and systems of the Fund’s service providers, market makers, Authorized Participants or issuers of securities in which the Fund invests.

Equity Securities Risk. Equity securities are subject to changes in value, and their values may be more volatile than those of other asset classes.

Financials Sector Risk. Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, government regulations, economic conditions, credit rating downgrades, changes in interest rates, and decreased liquidity in credit markets. The impact of more stringent capital requirements, recent or future regulation of any individual financial company, or recent or future regulation of the financials sector as a whole cannot be predicted. In recent years, cyber attacks and technology malfunctions and failures have become increasingly frequent in this sector and have caused significant losses.

Geographic Risk. A natural or other disaster could occur in a geographic region in which the Fund invests, which could affect the economy or particular business operations of companies in the specific geographic region, causing an adverse impact on the Fund's investments in the affected region.

Index-Related Risk. There is no guarantee that the Fund will achieve a high degree of correlation to the Underlying Index and therefore achieve its investment objective. Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in order to track the Underlying Index. Errors in index data, index computations and/or the construction of the Underlying Index in accordance with its methodology may occur from time to time and may not be identified and corrected by the Index Provider for a period of time or at all, which may have an adverse impact on the Fund and its shareholders.

Information Technology Sector Risk. Information technology companies face intense competition and potentially rapid product obsolescence. They are also heavily dependent on intellectual property rights and may be adversely affected by the loss or impairment of those rights.

Issuer Risk. Fund performance depends on the performance of individual securities to which the Fund has exposure. Changes in the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline.

Management Risk. As the Fund may not fully replicate the Underlying Index, it is subject to the risk that BFA's investment strategy may not produce the intended results.

Market Risk. The Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns.

Market Trading Risk. The Fund faces numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, periods of high volatility and disruptions in the creation/redemption process. ANY OF THESE FACTORS, AMONG OTHERS, MAY LEAD TO THE FUND'S SHARES TRADING AT A PREMIUM OR DISCOUNT TO NAV.

National Closed Market Trading Risk. To the extent that the underlying securities held by the Fund trade on foreign exchanges that may be closed when the securities exchange on which the Fund’s shares trade is open, there are likely to be deviations between the current price of such an underlying security and the last quoted price for the underlying security (i.e., the Fund’s quote from the closed foreign market). These deviations could result in premiums or discounts to the Fund’s NAV that may be greater than those experienced by other exchange-traded funds (“ETFs”).

Non-U.S. Securities Risk. Investments in the securities of non-U.S. issuers are subject to the risks associated with investing in those non-U.S. markets, such as heightened risks of inflation or nationalization. The Fund may lose money due to political, economic and geographic events affecting issuers of non-U.S. securities or non-U.S. markets. In addition, non-U.S. securities markets may trade a small number of securities and may be unable to respond effectively to increases in trading volume, potentially making prompt liquidation of holdings difficult or impossible at times. The Fund is specifically exposed to Asian Economic Risk.

Operational Risk. The Fund is exposed to operational risk arising from a number of factors, including but not limited to human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The Fund and BFA seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate for those risks that they are intended to address.

Passive Investment Risk. The Fund is not actively managed and BFA does not attempt to take defensive positions under any market conditions, including declining markets.

Privatization Risk. Some countries in which the Fund invests have privatized, or have begun the process of privatizing, certain entities and industries. Privatized entities may lose money or be re-nationalized.

Reliance on Trading Partners Risk. The Fund invests in countries whose economies are heavily dependent upon trading with key partners. Any reduction in this trading may have an adverse impact on the Fund's investments. Through its portfolio companies' trading partners, the Fund is specifically exposed to Asian Economic Risk, Central and South American Economic Risk and U.S. Economic Risk.

Risk of Investing in China. Investments in Chinese issuers subject the Fund to risks specific to China. China may be subject to considerable degrees of economic, political and social instability. China is an emerging market and demonstrates significantly higher volatility from time to time in comparison to developed markets. Over the last few decades, the Chinese government has undertaken reform of economic and market practices and has expanded the sphere of private ownership of property in China. However, Chinese markets generally continue to experience inefficiency, volatility and pricing anomalies resulting from governmental influence, a lack of publicly available information and/or political and social instability. Internal social unrest or confrontations with other neighboring countries, including military conflicts in response to such events, may also disrupt economic development in China and result in a greater risk of currency fluctuations, currency non-convertibility, interest rate fluctuations and higher rates of inflation. Export growth continues to be a major driver of China's rapid economic growth. Reduction in spending on Chinese products and services, institution of tariffs or other trade barriers, or a downturn in any of the economies of China's key trading partners may have an adverse impact on the Chinese economy.

Risk of Investing in Emerging Markets. The Fund's investments in emerging market issuers may be subject to a greater risk of loss than investments in issuers located or operating in more developed markets. Emerging markets may be more likely to experience inflation, political turmoil and rapid changes in economic conditions than more developed markets. Emerging markets often have less uniformity in accounting and reporting requirements, less reliable securities valuations and greater risk associated with custody of securities than developed markets.

Risk of Investing in India. Investments in Indian issuers involve risks that are specific to India, including legal, regulatory, political and economic risks. Political and legal uncertainty, greater government control over the economy, currency fluctuations or blockage, and the risk of nationalization or expropriation of assets may result in higher potential for losses. The securities markets in India are relatively underdeveloped and may subject the Fund to higher transaction costs or greater uncertainty than investments in more developed securities markets.

Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. A number of countries have imposed economic sanctions on certain Russian individuals and Russian corporate entities. These sanctions, or even the threat of further sanctions, may adversely affect Russia’s economy and the Fund’s investments.

Securities Lending Risk. The Fund may engage in securities lending. Securities lending involves the risk that the Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. The Fund could also lose money in the event of a decline in the value of collateral provided for loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for the Fund.

Security Risk. Some countries and regions in which the Fund invests have experienced security concerns, such as terrorism or strained international relations. Incidents involving a country's or region's security may cause uncertainty in these markets and may adversely affect their economies and the Fund's investments.

Structural Risk. The countries in which the Fund invests may be subject to considerable degrees of economic, political and social instability.

Tracking Error Risk. Tracking error is the divergence of the Fund’s performance from that of the Underlying Index. Tracking error may occur because of differences between the securities and other instruments held in the Fund’s portfolio and those included in the Underlying Index, pricing differences (including differences between a security’s price at the local market close and the Fund's valuation of a security at the time of calculation of the Fund's NAV), transaction costs, the Fund’s holding of uninvested cash, differences in timing of the accrual of dividends or interest, tax gains or losses, changes to the Underlying Index or the need to meet various new or existing regulatory requirements. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because the Fund incurs fees and expenses, while the Underlying Index does not. FUNDS THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN EMERGING MARKETS ISSUERS MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER INDEX ETFs THAT DO NOT TRACK SUCH INDICES.

Treaty/Tax Risk. The Fund  and the Subsidiary rely on the Double Tax Avoidance Agreement between India and Mauritius (“DTAA”) for relief from certain Indian taxes. Treaty renegotiation (particularly to introduce a limitation on benefits clause), future legislative or regulatory changes, or other administrative or legal developments may result in the Fund withdrawing from the Subsidiary, which may result in higher taxes and/or lower returns for the Fund.

Valuation Risk. The sale price the Fund could receive for a security or other asset may differ from the Fund's valuation of the security or other asset and from the value used by the Underlying Index, particularly for securities or other assets that trade in low volume or volatile markets or that are valued using a fair value methodology. In addition, the value of the securities or other assets in the Fund's portfolio may change on days when shareholders will not be able to purchase or sell the Fund's shares.
Risk Lose Money [Text] rr_RiskLoseMoney As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance Information
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and table that follow show how the Fund has performed on a calendar year basis and provide an indication of the risks of investing in the Fund. Both assume that all dividends and distributions have been reinvested in the Fund. Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Supplemental information about the Fund’s performance is shown under the heading Total Return Information in the Supplemental Information section of the Prospectus. If BFA had not waived certain Fund fees during certain periods, the Fund's returns would have been lower. The contractual waiver was discontinued on December 31, 2015.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow show how the Fund has performed on a calendar year basis and provide an indication of the risks of investing in the Fund.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-iShares (1-800-474-2737) (toll free)
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.iShares.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Year by Year Returns (Years Ended December 31)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock The best calendar quarter return during the periods shown above was 6.44% in the 2nd quarter of 2014; the worst was -7.83% in the 2nd quarter of 2013.

Updated performance information is available at www.iShares.com or by calling 1-800-iShares (1-800-474-2737) (toll free).
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns
(for the periods ended December 31, 2014)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate 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.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred 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”).
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher 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.
iShares Core MSCI Emerging Markets ETF | iShares Core MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.14% [1]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none [1]
Foreign Taxes rr_Component1OtherExpensesOverAssets none [1]
Other Expenses rr_OtherExpensesOverAssets none [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets none [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.14% [1]
1 Year rr_ExpenseExampleYear01 $ 14
3 Years rr_ExpenseExampleYear03 45
5 Years rr_ExpenseExampleYear05 79
10 Years rr_ExpenseExampleYear10 $ 179
2013 rr_AnnualReturn2013 (2.16%)
2014 rr_AnnualReturn2014 (2.04%) [2]
Year to Date Return, Label rr_YearToDateReturnLabel The Fund’s year-to-date return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2015
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (14.85%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel best
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2014
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 6.44%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel worst
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2013
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (7.83%)
One Year rr_AverageAnnualReturnYear01 (2.04%)
Since Fund Inception rr_AverageAnnualReturnSinceInception 0.09%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 18, 2012
iShares Core MSCI Emerging Markets ETF | Return After Taxes on Distributions | iShares Core MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (2.54%) [3]
Since Fund Inception rr_AverageAnnualReturnSinceInception (0.34%) [3]
iShares Core MSCI Emerging Markets ETF | Return After Taxes on Distributions and Sale of Fund Shares | iShares Core MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.69%) [3]
Since Fund Inception rr_AverageAnnualReturnSinceInception 0.11% [3]
iShares Core MSCI Emerging Markets ETF | MSCI Emerging Markets IMI (Index returns do not reflect deductions for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.79%)
Since Fund Inception rr_AverageAnnualReturnSinceInception 0.11%
[1] The expense information in the table has been restated to reflect current management fees.
[2] The Fund’s year-to-date return as of September 30, 2015 was -14.85%.
[3] 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.
XML 13 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName iSHARES INC
Prospectus Date rr_ProspectusDate Dec. 31, 2015
Document Creation Date dei_DocumentCreationDate Oct. 05, 2016
XML 14 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 15 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 17 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 6 68 1 true 5 0 false 2 false false R1.htm 000000 - Document - Document and Entity Information {Elements} Sheet http://www.iShares.com/role/DocumentDocumentandEntityInformationElements Document and Entity Information 1 false true R2.htm 000011 - Document - Risk/Return Summary {Unlabeled} - iShares Core MSCI Emerging Markets ETF Sheet http://www.iShares.com/role/DocumentRiskReturnSummaryUnlabelediSharesCoreMSCIEmergingMarketsETF Risk/Return Summary- iShares Core MSCI Emerging Markets ETF 2 false false R7.htm 000019 - Disclosure - Risk/Return Detail Data {Elements} - iShares Core MSCI Emerging Markets ETF Sheet http://www.iShares.com/role/DisclosureRiskReturnDetailDataElementsiSharesCoreMSCIEmergingMarketsETF Risk/Return Detail Data- iShares Core MSCI Emerging Markets ETF 3 false false R8.htm 040000 - Disclosure - Risk/Return Detail Data {Elements} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetailData Risk/Return Detail Data 4 false false All Reports Book All Reports isi-20161005.xml isi-20161005.xsd isi-20161005_cal.xml isi-20161005_def.xml isi-20161005_lab.xml isi-20161005_pre.xml BarChart1.png true true ZIP 19 0001193125-16-741876-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-16-741876-xbrl.zip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end