0001193125-19-316484.txt : 20191218 0001193125-19-316484.hdr.sgml : 20191218 20191217194532 ACCESSION NUMBER: 0001193125-19-316484 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 20 FILED AS OF DATE: 20191218 DATE AS OF CHANGE: 20191217 EFFECTIVENESS DATE: 20191218 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: 191291076 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: 20070126 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 0000930667 S000036776 iShares J.P. Morgan EM Corporate Bond ETF C000112502 iShares J.P. Morgan EM Corporate Bond ETF CEMB 0000930667 S000036777 iShares Emerging Markets High Yield Bond ETF C000112503 iShares Emerging Markets High Yield Bond ETF EMHY 497 1 d814750d497.htm FORM 497 Form 497
LOGO   

Gary Grasso

State Street

1 Lincoln Street

Mail Stop SFC 0805

Boston, MA 02111

Tel +1 617 662 5032

GGrasso@StateStreet.com

December 17, 2019

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 December 4, 2019 to the prospectuses for the iShares Emerging Markets High Yield Bond ETF and iShares J.P Morgan EM Corporate Bond ETF.

The purpose of this filing is to submit the 497 dated December 4, 2019 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/ Gary Grasso

Gary Grasso

cc: Benjamin Haskin, Esq.
EX-101.INS 2 isi-20191204.xml XBRL INSTANCE DOCUMENT 0000930667 2019-03-01 2019-03-01 0000930667 isi:S000036777Member 2019-03-01 2019-03-01 0000930667 isi:S000036777Member isi:C000112503Member 2019-03-01 2019-03-01 0000930667 isi:S000036777Member isi:C000112503Member rr:AfterTaxesOnDistributionsMember 2019-03-01 2019-03-01 0000930667 isi:S000036777Member isi:C000112503Member rr:AfterTaxesOnDistributionsAndSalesMember 2019-03-01 2019-03-01 0000930667 isi:S000036777Member isi:MorningstarEmergingMarketsMember 2019-03-01 2019-03-01 0000930667 isi:S000036776Member 2019-03-01 2019-03-01 0000930667 isi:S000036776Member isi:C000112502Member 2019-03-01 2019-03-01 0000930667 isi:S000036776Member isi:C000112502Member rr:AfterTaxesOnDistributionsMember 2019-03-01 2019-03-01 0000930667 isi:S000036776Member isi:C000112502Member rr:AfterTaxesOnDistributionsAndSalesMember 2019-03-01 2019-03-01 0000930667 isi:S000036776Member isi:JPMorganCEMBIBroadDiversifiedCoreIndexIndexreturnsdonotreflectdeductionsforfeesexpensesortaxesMember 2019-03-01 2019-03-01 pure iso4217:USD 2019-03-01 497 2018-10-31 iShares, Inc. 0000930667 false 2019-12-04 2019-12-04 iSHARES&#174; EMERGING MARKETS HIGH YIELD BOND ETF Ticker: EMHY&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stock Exchange: Cboe BZX Investment Objective The iShares Emerging Markets High Yield Bond ETF (the &#8220;Fund&#8221;) seeks to track the investment results of an index composed of U.S. dollar-denominated, emerging market high yield sovereign and corporate bonds. 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 &#8220;Company&#8221;) and BlackRock Fund Advisors (&#8220;BFA&#8221;) (the &#8220;Investment Advisory Agreement&#8221;) provides that BFA will pay all operating expenses of the Fund, except the management fees, interest expenses, taxes, expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, distribution fees or expenses, litigation expenses and any extraordinary expenses. <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: Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investments) 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&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: Portfolio Turnover. 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 the Annual Fund Operating Expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 19% of the average value of its portfolio. Principal Investment Strategies The Fund seeks to track the investment results of the Morningstar<sup>&#174;</sup> Emerging Markets High Yield Bond Index<sup>SM</sup> (the &#8220;Underlying Index&#8221;), which tracks the performance of the below-investment-grade (as determined by Morningstar, Inc. (the &#8220;Index Provider&#8221; or &#8220;Morningstar&#8221;)) U.S. dollar-denominated emerging market sovereign and corporate high yield bond market. High yield bonds are also known as &#8220;junk bonds.&#8221; All bonds included in the Underlying Index are selected according to a set of rules-based inclusion criteria regarding issue size, bond type, maturity, and liquidity. The securities included in the Underlying Index are rebalanced after the close of the last business day of each month. Morningstar Indexes reviews and announces the list of eligible countries annually in August, and it takes effect at the following June rebalance. <br/><br/> The Underlying Index includes bonds issued by corporations, sovereignties and quasi-sovereign corporations (more than 50% government ownership) based in Latin American, Eastern European, Middle Eastern/African, and Asian (excluding Japan) countries that meet certain criteria to be classified as emerging market countries by Morningstar&#8217;s proprietary index methodology. Eligible individual securities must have a minimum outstanding face value of $500 million or more, and eligible issuers must have aggregate outstanding debt of $1 billion or more to be included in the Underlying Index. All securities included in the Underlying Index must be U.S. dollar-denominated fixed rate bonds with a remaining maturity of 13 months or more at the time of rebalancing and a minimum of 36 months to maturity or greater at time of issuance. Corporate bonds must have a credit rating of BB+ or lower from either Moody&#8217;s Investors Service, Inc. (&#8220;Moody&#8217;s&#8221;), S&amp;P Global Ratings or Fitch Ratings, Inc. (&#8220;Fitch&#8221;) to be included in the Underlying Index. Sovereign bonds must have a credit rating of BB+ or lower from either Moody's or S&amp;P Global Ratings to be included in the Underlying Index. The Underlying Index employs a weight capping algorithm to limit exposure to single issuers. Single issuers are capped at 15% of the Underlying Index portfolio, and the sum of all issuers over 5% is capped at 48%. Issuers under 5% are capped at 4.7% of the Underlying Index portfolio. In instances where an issuer exceeds the capping threshold, the weight is modified and allocated on a pro rata basis to the remaining constituents. <br/><br/> As of October 31, 2018, the Underlying Index included issuers located in 41 countries. As of October 31, 2018, a significant portion of the Underlying Index is represented by sovereign obligations. The components of the Underlying Index are likely to change over time. <br/><br/> The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the &#8220;1933 Act&#8221;). <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 an applicable 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, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable 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 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 (&#8220;BlackRock Cash Funds&#8221;), as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. From time to time when conditions warrant, however, the Fund may invest at least 80% of its assets in the component securities of the Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of BlackRock Cash Funds, 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 seeks to track the investment results of the Underlying Index before fees and expenses of the Fund. <br/><br/> The Underlying Index is sponsored by Morningstar, 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), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. 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 certain risks, including the principal risks noted below, any of which may adversely affect the Fund's net asset value per share (&#8220;NAV&#8221;), 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 may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as Authorized Participants on an agency basis (i.e., on behalf of other market participants). To the extent that Authorized Participants exit the business or are unable to proceed with creation 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 in the Purchase and Sale of Fund Shares section of this prospectus (&#8220;the Prospectus&#8221;)), Fund shares may be more likely to trade at a premium or discount to NAV and possibly face trading halts or delisting. Authorized Participant concentration risk may be heightened for exchange-traded funds (&#8220;ETFs&#8221;), such as the Fund, that invest in securities issued by non-U.S. issuers or other securities or instruments that have lower trading volumes. <br/><br/><b>Call Risk.</b> During periods of falling interest rates, an issuer of a callable bond held by the Fund may &#8220;call&#8221; or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds in securities with lower yields, which would result in a decline in the Fund's income, or in securities with greater risks or with other less favorable features. <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>Credit Risk.</b> Debt issuers and other counterparties may be unable or unwilling to make timely interest and/or principal payments when due or otherwise honor their obligations. Changes in an issuer&#8217;s credit rating or the market&#8217;s perception of an issuer&#8217;s creditworthiness may also adversely affect the value of the Fund&#8217;s investment in that issuer. The degree of credit risk depends on an issuer's or counterparty's financial condition and on the terms of an obligation. <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 Fund's NAV may change quickly and without warning. <br/><br/><b>Custody Risk.</b> Less developed securities 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>Cybersecurity Risk.</b> Failures or breaches of the electronic systems of the Fund, the Fund's adviser, distributor, and other service providers,&nbsp;the Index Provider, 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 cybersecurity plans and systems of the Fund&#8217;s service providers, the Index Provider, market makers, Authorized Participants or issuers of securities in which the Fund invests. <br/><br/><b>Extension Risk. </b> During periods of rising interest rates, certain debt obligations may be paid off substantially more slowly than originally anticipated and the value of those securities may fall sharply, resulting in a decline in the Fund&#8217;s income and potentially in the value of the Fund&#8217;s investments. <br/><br/><b>Geographic Risk.</b> A natural 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>High Yield Securities Risk. </b> Securities that are rated below investment-grade (commonly referred to as &#8220;junk bonds,&#8221; which may include those bonds rated below &#8220;BBB-&#8221; by S&amp;P Global Ratings and Fitch, or &#8220;Baa3&#8221; by Moody's), or are unrated, may be deemed speculative, may involve greater levels of risk than higher-rated securities of similar maturity and may be more likely to default. <br/><br/><b>Illiquid Investments Risk.</b> The Fund may invest up to an aggregate amount of 15% of its net assets in illiquid investments. An illiquid investment is any investment that the Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without significantly changing the market value of the investment. To the extent the Fund holds illiquid investments, the illiquid investments may reduce the returns of the Fund because the Fund may be unable to transact at advantageous times or prices. <br/><br/><b>Income Risk. </b> The Fund's income may decline when interest rates fall. This decline can occur because the Fund may subsequently invest in lower-yielding bonds as bonds in its portfolio mature, are near maturity or are called, bonds in the Underlying Index are substituted, or the Fund otherwise needs to purchase additional bonds. <br/><br/><b>Index-Related Risk. </b> There is no guarantee that the Fund&#8217;s investment results will have a high degree of correlation to those of the Underlying Index or that the Fund will 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 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>Interest Rate Risk.</b> An increase in interest rates may cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain fixed-income investments. The historically low interest rate environment, together with recent modest rate increases, heightens the risks associated with rising interest rates. <br/><br/><b>Issuer Risk.</b> The performance of the Fund 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 will 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>Non-Diversification Risk.</b> The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers. <br/><br/><b>Non-U.S. Agency Debt Risk.</b> The Fund invests in uncollateralized bonds issued by agencies, subdivisions or instrumentalities of foreign governments. Bonds issued by foreign government agencies, subdivisions or instrumentalities are generally backed only by the general creditworthiness and reputation of the entity issuing the bonds and may not be backed by the full faith and credit of the foreign government. Moreover, a foreign government that explicitly provides its full faith and credit to a particular entity may be, due to changed circumstances, unable or unwilling to provide that support. A non-U.S. agency&#8217;s operations and financial condition are influenced by the foreign government&#8217;s economic and other policies. <br/><br/><b>Non-U.S. Issuers Risk. </b> Securities issued by non-U.S. issuers carry different risks from securities issued by U.S. issuers. These risks include differences in accounting, auditing and financial reporting standards, the possibility of expropriation or confiscatory taxation, adverse changes in investment or exchange control regulations, political instability, regulatory and economic differences, and potential restrictions on the flow of international capital. The Fund is specifically exposed to <b>Central and South American Economic Risk</b> and <b> Middle Eastern Economic Risk.</b> <br/><br/><b>Operational Risk.</b> The Fund is exposed to operational risks 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 to address significant operational risks. <br/><br/><b>Passive Investment Risk.</b> The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets. <br/><br/><b>Privately-Issued Securities Risk. </b> The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under 1933 Act. Privately-issued securities are securities that have not been registered under the 1933 Act and as a result may be subject to legal restrictions on resale. Privately-issued securities are generally not traded on established markets. As a result of the absence of a public trading market, privately issued securities may be deemed to be illiquid investments, may be more difficult to value than publicly traded securities and may be subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund. <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 or regions 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 holdings of securities of certain issuers, the Fund is specifically exposed to <b>Asian Economic Risk, Central and South American Economic Risk, European Economic Risk</b> and <b>U.S. Economic Risk.</b> <br/><br/><b>Risk of Investing in Brazil.</b> Investment in Brazilian issuers involves risks that are specific to Brazil, including legal, regulatory, political and economic risks. The Brazilian economy has historically been exposed to high rates of inflation and a high level of debt, each of which may reduce and/or prevent economic growth. <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 Frontier Markets.</b> Frontier markets are those emerging markets that are considered to be among the smallest, least mature and least liquid, and as a result, may be more likely to experience inflation, political turmoil and rapid changes in economic conditions than more developed and traditional emerging markets. Investments in frontier markets may be subject to a greater risk of loss than investments in more developed and traditional emerging markets. Frontier markets often have less uniformity in accounting and reporting requirements, unreliable securities valuations and greater risk associated with custody of securities. Economic, political, liquidity and currency risks may be more pronounced with respect to investments in frontier markets than in emerging 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 jurisdictions, including the U.S., Canada and the European Union (the &#8220;EU&#8221;), have imposed economic sanctions on certain Russian individuals and Russian corporate entities. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Actual and threatened responses to such activity, including purchasing restrictions, sanctions, tariffs or cyberattacks on the Russian government or Russian companies, may impact Russia&#8217;s economy and Russian issuers of securities in which the Fund invests. <br/><br/><b>Security Risk.</b> Some countries and regions in which the Fund invests have experienced security concerns, such as terrorism and strained international relations. Incidents involving a country's or region's security may cause uncertainty in its markets and may adversely affect its economy and the Fund's investments. <br/><br/><b>Sovereign and Quasi-Sovereign Obligations Risk. </b> The Fund invests in securities issued by or guaranteed by non-U.S. sovereign governments and by entities affiliated with or backed by non-U.S. sovereign governments, which may be unable or unwilling to repay principal or interest when due. In times of economic uncertainty, the prices of these securities may be more volatile than those of corporate debt obligations or of other government debt obligations. <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> The Fund may be subject to tracking error, which 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&nbsp;(including, as applicable, 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), differences in transaction costs, the Fund&#8217;s holding of uninvested cash, differences in timing of the accrual of or the valuation of distributions, the requirements to maintain pass-through tax treatment, portfolio transactions carried out to minimize the distribution of capital gains to shareholders, changes to the Underlying Index or the costs to the Fund of complying with 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. <b>INDEX ETFs THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN EMERGING MARKETS ISSUERS MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER ETFs THAT DO NOT TRACK SUCH INDICES.</b> <br/><br/><b>Valuation Risk.</b> The price the Fund could receive upon the sale of 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 as a result of trade suspensions or for other reasons. In addition, the value of the securities or other assets in the Fund's portfolio may change on days or during time periods when shareholders will not be able to purchase or sell the Fund's shares. Authorized Participants who purchase or redeem Fund shares on days when the Fund is holding fair-valued securities may receive fewer or more shares, or lower or higher redemption proceeds, than they would have received had the Fund not fair-valued securities or used a different valuation methodology. The Fund&#8217;s ability to value investments may be impacted by technological issues or errors by pricing services or other third-party service providers. 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&#8217;s performance is shown under the heading Total Return Information in the Supplemental Information section of the Prospectus. Year by Year Returns (Years Ended December 31) The best calendar quarter return during the periods shown above was 6.42% in the 2nd quarter of 2014; the worst was -5.58% in the 2nd quarter of 2013. <br/><br/> Updated performance information may be obtained by visiting our website 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, 2018) 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: 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), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. 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. Non-Diversification Risk. The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers. 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. www.iShares.com 1-800-iShares (1-800-474-2737) (toll free) 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. 0.005 0 0 0.005 51 160 280 628 2012-04-03 -0.051 0.0427 0.0435 -0.0761 0.0152 0.0172 -0.0302 0.0202 0.0216 -0.0461 0.0457 0.0473 0.19 0.0642 2014-06-30 worst -0.0558 2013-06-30 best <div style="display:none">~ http://www.ishares.com/role/ScheduleAnnualFundOperatingExpensesTransposed000013 column period compact * ~</div> <div style="display:none">~ http://www.ishares.com/role/ScheduleExpenseExampleTransposed000014 column period compact * ~</div> <div style="display:none">~ http://www.ishares.com/role/ScheduleAverageAnnualTotalReturnsTransposed000017 column period compact * ~</div> iSHARES&#174; J.P. MORGAN EM CORPORATE BOND ETF Ticker: CEMB&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock Exchange: Cboe BZX Investment Objective The iShares J.P. Morgan EM Corporate Bond ETF (the &#8220;Fund&#8221;) seeks to track the investment results of an index composed of U.S. dollar-denominated, emerging market corporate bonds. 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 &#8220;Company&#8221;) and BlackRock Fund Advisors (&#8220;BFA&#8221;) (the &#8220;Investment Advisory Agreement&#8221;) provides that BFA will pay all operating expenses of the Fund, except the management fees, interest expenses, taxes, expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, distribution fees or expenses, litigation expenses and any extraordinary expenses. <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: Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investments) 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&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: Portfolio Turnover. 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 the Annual Fund Operating Expenses or in the Example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 16% of the average value of its portfolio. Principal Investment Strategies The Fund seeks to track the investment results of the J.P. Morgan CEMBI Broad Diversified Core Index (the &#8220;Underlying Index&#8221;), which tracks the performance of the U.S. dollar-denominated emerging market corporate bond market. All bonds included in the Underlying Index are selected according to a set of rule-based inclusion criteria regarding issue size, bond type, maturity, and liquidity. The securities included in the Underlying Index are rebalanced on the last business day of each month. Eligible countries included in the Underlying Index are determined by JPMorgan Chase &amp; Co. or its affiliates (the &#8220;Index Provider&#8221; or &#8220;J.P. Morgan&#8221;) based on the Index Provider&#8217;s definition of emerging market countries. <br/><br/> The Underlying Index includes bonds issued by corporations based in Latin American, Eastern European, Middle Eastern/African, and Asian countries (excluding Japan). Once the universe of emerging markets countries has been defined, the eligible securities from these countries must be selected for inclusion in the Underlying Index. Bonds are eligible for inclusion in the Underlying Index if (i) the issuer is headquartered in an emerging market country, (ii) the issue is 100% guaranteed by an entity within an emerging market economy, or (iii) 100% of the issuer&#8217;s operating assets are located within emerging market economies. Eligible individual securities must have a minimum outstanding face value of $500 million or more. All component securities included in the Underlying Index must be U.S. dollar-denominated bonds with a minimum of 5 years to maturity or greater to be eligible for the Underlying Index and a remaining maturity of 2 years or greater at the time of rebalancing to remain eligible for the Underlying Index. There are no ratings restrictions on either the individual bonds or the country of risk. <br/><br/> The Underlying Index uses J.P. Morgan&#8217;s proprietary market capitalization weighted methodology. The methodology is designed to distribute the weight of each country within the Underlying Index by limiting the weights of countries with higher debt outstanding and reallocating this excess to countries with lower debt outstanding. As of October 31, 2018, the Underlying Index included issuers located in 38 emerging and frontier market countries. Components of the Underlying Index primarily include companies in the financials and oil and gas industries or sectors. The components of the Underlying Index are likely to change over time. <br/><br/> The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the &#8220;1933 Act&#8221;). <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 an applicable 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, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable 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 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 (&#8220;BlackRock Cash Funds&#8221;), as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. From time to time when conditions warrant, however, the Fund may invest at least 80% of its assets in the component securities of the Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of BlackRock Cash Funds, 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 seeks to track the investment results of the Underlying Index before 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 sponsored by J.P. Morgan, 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), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. 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 certain risks, including the principal risks noted below, any of which may adversely affect the Fund's net asset value per share (&#8220;NAV&#8221;), 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 may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as Authorized Participants on an agency basis (i.e., on behalf of other market participants). To the extent that Authorized Participants exit the business or are unable to proceed with creation 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 in the Purchase and Sale of Fund Shares section of this prospectus (&#8220;the Prospectus&#8221;)), Fund shares may be more likely to trade at a premium or discount to NAV and possibly face trading halts or delisting. Authorized Participant concentration risk may be heightened for exchange-traded funds (&#8220;ETFs&#8221;), such as the Fund, that invest in securities issued by non-U.S. issuers or other securities or instruments that have lower trading volumes.<br/><br/> <b>Call Risk.</b> During periods of falling interest rates, an issuer of a callable bond held by the Fund may &#8220;call&#8221; or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds in securities with lower yields, which would result in a decline in the Fund's income, or in securities with greater risks or with other less favorable features.<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>Credit Risk.</b> Debt issuers and other counterparties may be unable or unwilling to make timely interest and/or principal payments when due or otherwise honor their obligations. Changes in an issuer&#8217;s credit rating or the market&#8217;s perception of an issuer&#8217;s creditworthiness may also adversely affect the value of the Fund&#8217;s investment in that issuer. The degree of credit risk depends on an issuer's or counterparty's financial condition and on the terms of an obligation.<br/><br/> <b>Custody Risk.</b> Less developed securities 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>Cybersecurity Risk.</b> Failures or breaches of the electronic systems of the Fund, the Fund's adviser, distributor, and other service providers,&nbsp;the Index Provider, 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 cybersecurity plans and systems of the Fund&#8217;s service providers, the Index Provider, market makers, Authorized Participants or issuers of securities in which the Fund invests. <br/><br/><b>Extension Risk. </b> During periods of rising interest rates, certain debt obligations may be paid off substantially more slowly than originally anticipated and the value of those securities may fall sharply, resulting in a decline in the Fund&#8217;s income and potentially in the value of the Fund&#8217;s investments.<br/><br/> <b>Financials Sector Risk.</b> Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, changes in government regulations, economic conditions, and interest rates, credit rating downgrades, and decreased liquidity in credit markets. The extent to which the Fund may invest in a company that engages in securities-related activities or banking is limited by applicable law. The impact of changes in capital requirements and recent or future regulation of any individual financial company, or 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 to companies in this sector, which may negatively impact the Fund. <br/><br/><b>Geographic Risk.</b> A natural 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>High Yield Securities Risk. </b> Securities that are rated below investment-grade (commonly referred to as &#8220;junk bonds,&#8221; which may include those bonds rated below &#8220;BBB-&#8221; by S&amp;P Global Ratings and Fitch Ratings, Inc. (&#8220;Fitch&#8221;) or &#8220;Baa3&#8221; by Moody's Investors Service, Inc. (&#8220;Moody's), or are unrated, may be deemed speculative, may involve greater levels of risk than higher-rated securities of similar maturity and may be more likely to default.<br/><br/> <b>Illiquid Investments Risk.</b> The Fund may invest up to an aggregate amount of 15% of its net assets in illiquid investments. An illiquid investment is any investment that the Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without significantly changing the market value of the investment. To the extent the Fund holds illiquid investments, the illiquid investments may reduce the returns of the Fund because the Fund may be unable to transact at advantageous times or prices.<br/><br/> <b>Income Risk. </b> The Fund's income may decline when interest rates fall. This decline can occur because the Fund may subsequently invest in lower-yielding bonds as bonds in its portfolio mature, are near maturity or are called, bonds in the Underlying Index are substituted, or the Fund otherwise needs to purchase additional bonds. <br/><br/><b>Index-Related Risk. </b> There is no guarantee that the Fund&#8217;s investment results will have a high degree of correlation to those of the Underlying Index or that the Fund will 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 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>Interest Rate Risk.</b> An increase in interest rates may cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain fixed-income investments. The historically low interest rate environment, together with recent modest rate increases, heightens the risks associated with rising interest rates.<br/><br/> <b>Issuer Risk.</b> The performance of the Fund 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 will 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>Non-U.S. Issuers Risk. </b> Securities issued by non-U.S. issuers carry different risks from securities issued by U.S. issuers. These risks include differences in accounting, auditing and financial reporting standards, the possibility of expropriation or confiscatory taxation, adverse changes in investment or exchange control regulations, political instability, regulatory and economic differences, and potential restrictions on the flow of international capital. The Fund is specifically exposed to <b>Asian Economic Risk</b>, <b>Central and South American Economic Risk</b> and <b>Middle Eastern Economic Risk.</b><br/><br/> <b>Oil and Gas Industry Risk.</b> Companies in the oil and gas industry are affected by worldwide energy prices and exploration and production costs. Companies in the oil and gas industry may have significant operations in areas at risk for natural disasters, social and political unrest, and environmental damage. These companies may also be at risk for increased government regulation and intervention, litigation, and negative publicity and public perception. <br/><br/> <b>Operational Risk.</b> The Fund is exposed to operational risks 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 to address significant operational risks.<br/><br/> <b>Passive Investment Risk.</b> The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.<br/><br/> <b>Privately-Issued Securities Risk. </b> The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the 1933 Act. Privately-issued securities are securities that have not been registered under the 1933 Act and as a result may be subject to legal restrictions on resale. Privately-issued securities are generally not traded on established markets. As a result of the absence of a public trading market, privately issued securities may be deemed to be illiquid investments, may be more difficult to value than publicly traded securities and may be subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.<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 or regions 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 holdings of securities of certain issuers, the Fund is specifically exposed to <b>Asian Economic Risk</b>, <b>Eastern European Economic Risk, European Economic Risk</b> and <b>U.S. Economic Risk.</b><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 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 jurisdictions, including the U.S., Canada and the European Union (the &#8221;EU&#8220;), have imposed economic sanctions on certain Russian individuals and Russian corporate entities. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Actual and threatened responses to such activity, including purchasing restrictions, sanctions, tariffs or cyberattacks on the Russian government or Russian companies, may impact Russia&#8217;s economy and Russian issuers of securities in which the Fund invests. <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 and strained international relations. Incidents involving a country's or region's security may cause uncertainty in its markets and may adversely affect its economy 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> The Fund may be subject to tracking error, which 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&nbsp;(including, as applicable, 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), differences in transaction costs, the Fund&#8217;s holding of uninvested cash, differences in timing of the accrual of or the valuation of distributions, the requirements to maintain pass-through tax treatment, portfolio transactions carried out to minimize the distribution of capital gains to shareholders, changes to the Underlying Index or the costs to the Fund of complying with 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. <b>INDEX ETFs THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN EMERGING MARKETS ISSUERS MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER ETFs THAT DO NOT TRACK SUCH INDICES.</b><br/><br/> <b>Valuation Risk.</b> The price the Fund could receive upon the sale of 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 as a result of trade suspensions or for other reasons. In addition, the value of the securities or other assets in the Fund's portfolio may change on days or during time periods when shareholders will not be able to purchase or sell the Fund's shares. Authorized Participants who purchase or redeem Fund shares on days when the Fund is holding fair-valued securities may receive fewer or more shares, or lower or higher redemption proceeds, than they would have received had the Fund not fair-valued securities or used a different valuation methodology. The Fund&#8217;s ability to value investments may be impacted by technological issues or errors by pricing services or other third-party service providers. 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&#8217;s performance is shown under the heading Total Return Information in the Supplemental Information section of the Prospectus. Year by Year Returns (Years Ended December 31) The best calendar quarter return during the periods shown above was 4.80% in the 1st quarter of 2016; the worst was -5.00% in the 2nd quarter of 2013. <br/><br/> Updated performance information may be obtained by visiting our website 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, 2018) 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: 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), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. 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. www.iShares.com 1-800-iShares (1-800-474-2737) (toll free) 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 (&#8221;IRAs&#8220;). 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. 0.005 0 0 0.005 51 160 280 628 2012-04-17 -0.0283 0.0348 0.0341 -0.0462 0.0158 0.0161 -0.0167 0.018 0.0181 -0.0206 0.041 0.04 0.16 best 0.048 2016-03-31 worst -0.05 2013-06-30 <div style="display:none">~ http://www.ishares.com/role/ScheduleExpenseExampleTransposed000024 column period compact * ~</div> <div style="display:none">~ http://www.ishares.com/role/ScheduleAverageAnnualTotalReturnsTransposed000027 column period compact * ~</div> -0.0316 0.0262 -0.006 0.1094 0.0788 -0.0283 N-1A -0.0547 0.0206 0.0178 0.1472 0.0901 -0.051 <div style="display:none">~ http://www.ishares.com/role/ScheduleAnnualTotalReturnsBarChart000016 column period compact * ~</div> <div style="display:none">~ http://www.ishares.com/role/ScheduleAnnualTotalReturnsBarChart000026 column period compact * ~</div> <div style="display:none">~ http://www.ishares.com/role/ScheduleAnnualFundOperatingExpensesTransposed000023 column period compact * ~</div> 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. 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. Index returns through May 31, 2017 reflect the performance of the Morningstar® Emerging Markets Corporate Bond IndexSM. Index returns beginning on June 1, 2017 reflect the performance of the J.P. Morgan CEMBI Broad Diversified Core Index, which, effective as of June 1, 2017, replaced the Morningstar® Emerging Markets Corporate Bond IndexSM as the Underlying Index of the Fund. EX-101.SCH 3 isi-20191204.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 Emerging Markets High Yield Bond 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 Emerging Markets High Yield Bond ETF link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - Risk/Return Detail Data {Elements} - iShares Emerging Markets High Yield Bond ETF link:presentationLink link:calculationLink link:definitionLink 000021 - Document - Risk/Return Summary {Unlabeled} - iShares J.P. Morgan EM Corporate Bond ETF link:presentationLink link:calculationLink link:definitionLink 000022 - Schedule - Shareholder Fees link:presentationLink link:calculationLink link:definitionLink 000023 - Schedule - Annual Fund Operating Expenses {Transposed} link:presentationLink link:calculationLink link:definitionLink 000024 - Schedule - Expense Example {Transposed} link:presentationLink link:calculationLink link:definitionLink 000025 - Schedule - Expense Example, No Redemption link:presentationLink link:calculationLink link:definitionLink 000026 - Schedule - Annual Total Returns [BarChart] link:presentationLink link:calculationLink link:definitionLink 000027 - Schedule - Average Annual Total Returns {Transposed} link:presentationLink link:calculationLink link:definitionLink 000028 - Document - Risk/Return Detail {Unlabeled} - iShares J.P. Morgan EM Corporate Bond ETF link:presentationLink link:calculationLink link:definitionLink 000029 - Disclosure - Risk/Return Detail Data {Elements} - iShares J.P. Morgan EM Corporate Bond ETF link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 isi-20191204_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 5 isi-20191204_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 6 isi-20191204_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 7 isi-20191204_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 8 g814750sp001.jpg GRAPHIC begin 644 g814750sp001.jpg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end XML 9 R13.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName iShares, Inc.
Prospectus Date rr_ProspectusDate Mar. 01, 2019
iShares J.P. Morgan EM Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading iSHARES® J.P. MORGAN EM CORPORATE BOND ETF Ticker: CEMB                                 Stock Exchange: Cboe BZX
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The iShares J.P. Morgan EM Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, emerging market corporate bonds.
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”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except the management fees, interest expenses, taxes, expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, distribution fees or expenses, litigation expenses and any extraordinary expenses.

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 the 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 16% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 16.00%
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:
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 J.P. Morgan CEMBI Broad Diversified Core Index (the “Underlying Index”), which tracks the performance of the U.S. dollar-denominated emerging market corporate bond market. All bonds included in the Underlying Index are selected according to a set of rule-based inclusion criteria regarding issue size, bond type, maturity, and liquidity. The securities included in the Underlying Index are rebalanced on the last business day of each month. Eligible countries included in the Underlying Index are determined by JPMorgan Chase & Co. or its affiliates (the “Index Provider” or “J.P. Morgan”) based on the Index Provider’s definition of emerging market countries.

The Underlying Index includes bonds issued by corporations based in Latin American, Eastern European, Middle Eastern/African, and Asian countries (excluding Japan). Once the universe of emerging markets countries has been defined, the eligible securities from these countries must be selected for inclusion in the Underlying Index. Bonds are eligible for inclusion in the Underlying Index if (i) the issuer is headquartered in an emerging market country, (ii) the issue is 100% guaranteed by an entity within an emerging market economy, or (iii) 100% of the issuer’s operating assets are located within emerging market economies. Eligible individual securities must have a minimum outstanding face value of $500 million or more. All component securities included in the Underlying Index must be U.S. dollar-denominated bonds with a minimum of 5 years to maturity or greater to be eligible for the Underlying Index and a remaining maturity of 2 years or greater at the time of rebalancing to remain eligible for the Underlying Index. There are no ratings restrictions on either the individual bonds or the country of risk.

The Underlying Index uses J.P. Morgan’s proprietary market capitalization weighted methodology. The methodology is designed to distribute the weight of each country within the Underlying Index by limiting the weights of countries with higher debt outstanding and reallocating this excess to countries with lower debt outstanding. As of October 31, 2018, the Underlying Index included issuers located in 38 emerging and frontier market countries. Components of the Underlying Index primarily include companies in the financials and oil and gas industries or sectors. The components of the Underlying Index are likely to change over time.

The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the “1933 Act”).

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 an applicable 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, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable 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 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 (“BlackRock Cash Funds”), as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. From time to time when conditions warrant, however, the Fund may invest at least 80% of its assets in the component securities of the Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of BlackRock Cash Funds, 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 seeks to track the investment results of the Underlying Index before 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 sponsored by J.P. Morgan, 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), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
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), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
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 certain risks, including the principal risks noted below, any of which may adversely affect the Fund's net asset value per share (“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 may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as Authorized Participants on an agency basis (i.e., on behalf of other market participants). To the extent that Authorized Participants exit the business or are unable to proceed with creation 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 in the Purchase and Sale of Fund Shares section of this prospectus (“the Prospectus”)), Fund shares may be more likely to trade at a premium or discount to NAV and possibly face trading halts or delisting. Authorized Participant concentration risk may be heightened for exchange-traded funds (“ETFs”), such as the Fund, that invest in securities issued by non-U.S. issuers or other securities or instruments that have lower trading volumes.

Call Risk. During periods of falling interest rates, an issuer of a callable bond held by the Fund may “call” or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds in securities with lower yields, which would result in a decline in the Fund's income, or in securities with greater risks or with other less favorable features.

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.

Credit Risk. Debt issuers and other counterparties may be unable or unwilling to make timely interest and/or principal payments when due or otherwise honor their obligations. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also adversely affect the value of the Fund’s investment in that issuer. The degree of credit risk depends on an issuer's or counterparty's financial condition and on the terms of an obligation.

Custody Risk. Less developed securities 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.

Cybersecurity Risk. Failures or breaches of the electronic systems of the Fund, the Fund's adviser, distributor, and other service providers, the Index Provider, 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 cybersecurity plans and systems of the Fund’s service providers, the Index Provider, market makers, Authorized Participants or issuers of securities in which the Fund invests.

Extension Risk. During periods of rising interest rates, certain debt obligations may be paid off substantially more slowly than originally anticipated and the value of those securities may fall sharply, resulting in a decline in the Fund’s income and potentially in the value of the Fund’s investments.

Financials Sector Risk. Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, changes in government regulations, economic conditions, and interest rates, credit rating downgrades, and decreased liquidity in credit markets. The extent to which the Fund may invest in a company that engages in securities-related activities or banking is limited by applicable law. The impact of changes in capital requirements and recent or future regulation of any individual financial company, or 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 to companies in this sector, which may negatively impact the Fund.

Geographic Risk. A natural 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.

High Yield Securities Risk. Securities that are rated below investment-grade (commonly referred to as “junk bonds,” which may include those bonds rated below “BBB-” by S&P Global Ratings and Fitch Ratings, Inc. (“Fitch”) or “Baa3” by Moody's Investors Service, Inc. (“Moody's), or are unrated, may be deemed speculative, may involve greater levels of risk than higher-rated securities of similar maturity and may be more likely to default.

Illiquid Investments Risk. The Fund may invest up to an aggregate amount of 15% of its net assets in illiquid investments. An illiquid investment is any investment that the Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without significantly changing the market value of the investment. To the extent the Fund holds illiquid investments, the illiquid investments may reduce the returns of the Fund because the Fund may be unable to transact at advantageous times or prices.

Income Risk. The Fund's income may decline when interest rates fall. This decline can occur because the Fund may subsequently invest in lower-yielding bonds as bonds in its portfolio mature, are near maturity or are called, bonds in the Underlying Index are substituted, or the Fund otherwise needs to purchase additional bonds.

Index-Related Risk. There is no guarantee that the Fund’s investment results will have a high degree of correlation to those of the Underlying Index or that the Fund will 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 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.

Interest Rate Risk. An increase in interest rates may cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain fixed-income investments. The historically low interest rate environment, together with recent modest rate increases, heightens the risks associated with rising interest rates.

Issuer Risk. The performance of the Fund 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 will 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.

Non-U.S. Issuers Risk. Securities issued by non-U.S. issuers carry different risks from securities issued by U.S. issuers. These risks include differences in accounting, auditing and financial reporting standards, the possibility of expropriation or confiscatory taxation, adverse changes in investment or exchange control regulations, political instability, regulatory and economic differences, and potential restrictions on the flow of international capital. The Fund is specifically exposed to Asian Economic Risk, Central and South American Economic Risk and Middle Eastern Economic Risk.

Oil and Gas Industry Risk. Companies in the oil and gas industry are affected by worldwide energy prices and exploration and production costs. Companies in the oil and gas industry may have significant operations in areas at risk for natural disasters, social and political unrest, and environmental damage. These companies may also be at risk for increased government regulation and intervention, litigation, and negative publicity and public perception.

Operational Risk. The Fund is exposed to operational risks 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 to address significant operational risks.

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

Privately-Issued Securities Risk. The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the 1933 Act. Privately-issued securities are securities that have not been registered under the 1933 Act and as a result may be subject to legal restrictions on resale. Privately-issued securities are generally not traded on established markets. As a result of the absence of a public trading market, privately issued securities may be deemed to be illiquid investments, may be more difficult to value than publicly traded securities and may be subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.

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 or regions 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 holdings of securities of certain issuers, the Fund is specifically exposed to Asian Economic Risk, Eastern European Economic Risk, European Economic Risk and U.S. Economic Risk.

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 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 jurisdictions, including the U.S., Canada and the European Union (the ”EU“), have imposed economic sanctions on certain Russian individuals and Russian corporate entities. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Actual and threatened responses to such activity, including purchasing restrictions, sanctions, tariffs or cyberattacks on the Russian government or Russian companies, may impact Russia’s economy and Russian issuers of securities in which the Fund invests.

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 and strained international relations. Incidents involving a country's or region's security may cause uncertainty in its markets and may adversely affect its economy 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. The Fund may be subject to tracking error, which 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, as applicable, 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), differences in transaction costs, the Fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation of distributions, the requirements to maintain pass-through tax treatment, portfolio transactions carried out to minimize the distribution of capital gains to shareholders, changes to the Underlying Index or the costs to the Fund of complying with 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. INDEX ETFs THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN EMERGING MARKETS ISSUERS MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER ETFs THAT DO NOT TRACK SUCH INDICES.

Valuation Risk. The price the Fund could receive upon the sale of 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 as a result of trade suspensions or for other reasons. In addition, the value of the securities or other assets in the Fund's portfolio may change on days or during time periods when shareholders will not be able to purchase or sell the Fund's shares. Authorized Participants who purchase or redeem Fund shares on days when the Fund is holding fair-valued securities may receive fewer or more shares, or lower or higher redemption proceeds, than they would have received had the Fund not fair-valued securities or used a different valuation methodology. The Fund’s ability to value investments may be impacted by technological issues or errors by pricing services or other third-party service providers.
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.
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 4.80% in the 1st quarter of 2016; the worst was -5.00% in the 2nd quarter of 2013.

Updated performance information may be obtained by visiting our website 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, 2018)
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 J.P. Morgan EM Corporate Bond ETF | iShares J.P. Morgan EM Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets none
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.50%
1 Year rr_ExpenseExampleYear01 $ 51
3 Years rr_ExpenseExampleYear03 160
5 Years rr_ExpenseExampleYear05 280
10 Years rr_ExpenseExampleYear10 $ 628
2013 rr_AnnualReturn2013 (3.16%)
2014 rr_AnnualReturn2014 2.62%
2015 rr_AnnualReturn2015 (0.60%)
2016 rr_AnnualReturn2016 10.94%
2017 rr_AnnualReturn2017 7.88%
2018 rr_AnnualReturn2018 (2.83%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel best
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2016
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 4.80%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel worst
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2013
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (5.00%)
One Year rr_AverageAnnualReturnYear01 (2.83%)
Five Years rr_AverageAnnualReturnYear05 3.48%
Since Fund Inception rr_AverageAnnualReturnSinceInception 3.41%
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 17, 2012
iShares J.P. Morgan EM Corporate Bond ETF | Return After Taxes on Distributions | iShares J.P. Morgan EM Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (4.62%) [1]
Five Years rr_AverageAnnualReturnYear05 1.58% [1]
Since Fund Inception rr_AverageAnnualReturnSinceInception 1.61% [1]
iShares J.P. Morgan EM Corporate Bond ETF | Return After Taxes on Distributions and Sale of Fund Shares | iShares J.P. Morgan EM Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.67%) [1]
Five Years rr_AverageAnnualReturnYear05 1.80% [1]
Since Fund Inception rr_AverageAnnualReturnSinceInception 1.81% [1]
iShares J.P. Morgan EM Corporate Bond ETF | J.P. Morgan CEMBI Broad Diversified Core Index (Index returns do not reflect deductions for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (2.06%) [2]
Five Years rr_AverageAnnualReturnYear05 4.10% [2]
Since Fund Inception rr_AverageAnnualReturnSinceInception 4.00% [2]
[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.
[2] Index returns through May 31, 2017 reflect the performance of the Morningstar® Emerging Markets Corporate Bond IndexSM. Index returns beginning on June 1, 2017 reflect the performance of the J.P. Morgan CEMBI Broad Diversified Core Index, which, effective as of June 1, 2017, replaced the Morningstar® Emerging Markets Corporate Bond IndexSM as the Underlying Index of the Fund.
GRAPHIC 10 BarChart1.png IDEA: XBRL DOCUMENT begin 644 BarChart1.png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end XML 11 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName iShares, Inc.
Prospectus Date rr_ProspectusDate Mar. 01, 2019
iShares Emerging Markets High Yield Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading iSHARES® EMERGING MARKETS HIGH YIELD BOND ETF Ticker: EMHY                                  Stock Exchange: Cboe BZX
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The iShares Emerging Markets High Yield Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, emerging market high yield sovereign and corporate bonds.
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”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except the management fees, interest expenses, taxes, expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, distribution fees or expenses, litigation expenses and any extraordinary expenses.

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 the 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 19% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 19.00%
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:
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 Morningstar® Emerging Markets High Yield Bond IndexSM (the “Underlying Index”), which tracks the performance of the below-investment-grade (as determined by Morningstar, Inc. (the “Index Provider” or “Morningstar”)) U.S. dollar-denominated emerging market sovereign and corporate high yield bond market. High yield bonds are also known as “junk bonds.” All bonds included in the Underlying Index are selected according to a set of rules-based inclusion criteria regarding issue size, bond type, maturity, and liquidity. The securities included in the Underlying Index are rebalanced after the close of the last business day of each month. Morningstar Indexes reviews and announces the list of eligible countries annually in August, and it takes effect at the following June rebalance.

The Underlying Index includes bonds issued by corporations, sovereignties and quasi-sovereign corporations (more than 50% government ownership) based in Latin American, Eastern European, Middle Eastern/African, and Asian (excluding Japan) countries that meet certain criteria to be classified as emerging market countries by Morningstar’s proprietary index methodology. Eligible individual securities must have a minimum outstanding face value of $500 million or more, and eligible issuers must have aggregate outstanding debt of $1 billion or more to be included in the Underlying Index. All securities included in the Underlying Index must be U.S. dollar-denominated fixed rate bonds with a remaining maturity of 13 months or more at the time of rebalancing and a minimum of 36 months to maturity or greater at time of issuance. Corporate bonds must have a credit rating of BB+ or lower from either Moody’s Investors Service, Inc. (“Moody’s”), S&P Global Ratings or Fitch Ratings, Inc. (“Fitch”) to be included in the Underlying Index. Sovereign bonds must have a credit rating of BB+ or lower from either Moody's or S&P Global Ratings to be included in the Underlying Index. The Underlying Index employs a weight capping algorithm to limit exposure to single issuers. Single issuers are capped at 15% of the Underlying Index portfolio, and the sum of all issuers over 5% is capped at 48%. Issuers under 5% are capped at 4.7% of the Underlying Index portfolio. In instances where an issuer exceeds the capping threshold, the weight is modified and allocated on a pro rata basis to the remaining constituents.

As of October 31, 2018, the Underlying Index included issuers located in 41 countries. As of October 31, 2018, a significant portion of the Underlying Index is represented by sovereign obligations. The components of the Underlying Index are likely to change over time.

The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the “1933 Act”).

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 an applicable 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, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable 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 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 (“BlackRock Cash Funds”), as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. From time to time when conditions warrant, however, the Fund may invest at least 80% of its assets in the component securities of the Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of BlackRock Cash Funds, 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 seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.

The Underlying Index is sponsored by Morningstar, 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), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
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), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
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 certain risks, including the principal risks noted below, any of which may adversely affect the Fund's net asset value per share (“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 may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as Authorized Participants on an agency basis (i.e., on behalf of other market participants). To the extent that Authorized Participants exit the business or are unable to proceed with creation 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 in the Purchase and Sale of Fund Shares section of this prospectus (“the Prospectus”)), Fund shares may be more likely to trade at a premium or discount to NAV and possibly face trading halts or delisting. Authorized Participant concentration risk may be heightened for exchange-traded funds (“ETFs”), such as the Fund, that invest in securities issued by non-U.S. issuers or other securities or instruments that have lower trading volumes.

Call Risk. During periods of falling interest rates, an issuer of a callable bond held by the Fund may “call” or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds in securities with lower yields, which would result in a decline in the Fund's income, or in securities with greater risks or with other less favorable features.

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.

Credit Risk. Debt issuers and other counterparties may be unable or unwilling to make timely interest and/or principal payments when due or otherwise honor their obligations. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also adversely affect the value of the Fund’s investment in that issuer. The degree of credit risk depends on an issuer's or counterparty's financial condition and on the terms of an obligation.

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 Fund's NAV may change quickly and without warning.

Custody Risk. Less developed securities 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.

Cybersecurity Risk. Failures or breaches of the electronic systems of the Fund, the Fund's adviser, distributor, and other service providers, the Index Provider, 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 cybersecurity plans and systems of the Fund’s service providers, the Index Provider, market makers, Authorized Participants or issuers of securities in which the Fund invests.

Extension Risk. During periods of rising interest rates, certain debt obligations may be paid off substantially more slowly than originally anticipated and the value of those securities may fall sharply, resulting in a decline in the Fund’s income and potentially in the value of the Fund’s investments.

Geographic Risk. A natural 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.

High Yield Securities Risk. Securities that are rated below investment-grade (commonly referred to as “junk bonds,” which may include those bonds rated below “BBB-” by S&P Global Ratings and Fitch, or “Baa3” by Moody's), or are unrated, may be deemed speculative, may involve greater levels of risk than higher-rated securities of similar maturity and may be more likely to default.

Illiquid Investments Risk. The Fund may invest up to an aggregate amount of 15% of its net assets in illiquid investments. An illiquid investment is any investment that the Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without significantly changing the market value of the investment. To the extent the Fund holds illiquid investments, the illiquid investments may reduce the returns of the Fund because the Fund may be unable to transact at advantageous times or prices.

Income Risk. The Fund's income may decline when interest rates fall. This decline can occur because the Fund may subsequently invest in lower-yielding bonds as bonds in its portfolio mature, are near maturity or are called, bonds in the Underlying Index are substituted, or the Fund otherwise needs to purchase additional bonds.

Index-Related Risk. There is no guarantee that the Fund’s investment results will have a high degree of correlation to those of the Underlying Index or that the Fund will 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 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.

Interest Rate Risk. An increase in interest rates may cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain fixed-income investments. The historically low interest rate environment, together with recent modest rate increases, heightens the risks associated with rising interest rates.

Issuer Risk. The performance of the Fund 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 will 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.

Non-Diversification Risk. The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers.

Non-U.S. Agency Debt Risk. The Fund invests in uncollateralized bonds issued by agencies, subdivisions or instrumentalities of foreign governments. Bonds issued by foreign government agencies, subdivisions or instrumentalities are generally backed only by the general creditworthiness and reputation of the entity issuing the bonds and may not be backed by the full faith and credit of the foreign government. Moreover, a foreign government that explicitly provides its full faith and credit to a particular entity may be, due to changed circumstances, unable or unwilling to provide that support. A non-U.S. agency’s operations and financial condition are influenced by the foreign government’s economic and other policies.

Non-U.S. Issuers Risk. Securities issued by non-U.S. issuers carry different risks from securities issued by U.S. issuers. These risks include differences in accounting, auditing and financial reporting standards, the possibility of expropriation or confiscatory taxation, adverse changes in investment or exchange control regulations, political instability, regulatory and economic differences, and potential restrictions on the flow of international capital. The Fund is specifically exposed to Central and South American Economic Risk and Middle Eastern Economic Risk.

Operational Risk. The Fund is exposed to operational risks 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 to address significant operational risks.

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

Privately-Issued Securities Risk. The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under 1933 Act. Privately-issued securities are securities that have not been registered under the 1933 Act and as a result may be subject to legal restrictions on resale. Privately-issued securities are generally not traded on established markets. As a result of the absence of a public trading market, privately issued securities may be deemed to be illiquid investments, may be more difficult to value than publicly traded securities and may be subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.

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 or regions 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 holdings of securities of certain issuers, the Fund is specifically exposed to Asian Economic Risk, Central and South American Economic Risk, European Economic Risk and U.S. Economic Risk.

Risk of Investing in Brazil. Investment in Brazilian issuers involves risks that are specific to Brazil, including legal, regulatory, political and economic risks. The Brazilian economy has historically been exposed to high rates of inflation and a high level of debt, each of which may reduce and/or prevent economic growth.

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 Frontier Markets. Frontier markets are those emerging markets that are considered to be among the smallest, least mature and least liquid, and as a result, may be more likely to experience inflation, political turmoil and rapid changes in economic conditions than more developed and traditional emerging markets. Investments in frontier markets may be subject to a greater risk of loss than investments in more developed and traditional emerging markets. Frontier markets often have less uniformity in accounting and reporting requirements, unreliable securities valuations and greater risk associated with custody of securities. Economic, political, liquidity and currency risks may be more pronounced with respect to investments in frontier markets than in emerging 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 jurisdictions, including the U.S., Canada and the European Union (the “EU”), have imposed economic sanctions on certain Russian individuals and Russian corporate entities. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Actual and threatened responses to such activity, including purchasing restrictions, sanctions, tariffs or cyberattacks on the Russian government or Russian companies, may impact Russia’s economy and Russian issuers of securities in which the Fund invests.

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

Sovereign and Quasi-Sovereign Obligations Risk. The Fund invests in securities issued by or guaranteed by non-U.S. sovereign governments and by entities affiliated with or backed by non-U.S. sovereign governments, which may be unable or unwilling to repay principal or interest when due. In times of economic uncertainty, the prices of these securities may be more volatile than those of corporate debt obligations or of other government debt obligations.

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

Tracking Error Risk. The Fund may be subject to tracking error, which 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, as applicable, 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), differences in transaction costs, the Fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation of distributions, the requirements to maintain pass-through tax treatment, portfolio transactions carried out to minimize the distribution of capital gains to shareholders, changes to the Underlying Index or the costs to the Fund of complying with 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. INDEX ETFs THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN EMERGING MARKETS ISSUERS MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER ETFs THAT DO NOT TRACK SUCH INDICES.

Valuation Risk. The price the Fund could receive upon the sale of 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 as a result of trade suspensions or for other reasons. In addition, the value of the securities or other assets in the Fund's portfolio may change on days or during time periods when shareholders will not be able to purchase or sell the Fund's shares. Authorized Participants who purchase or redeem Fund shares on days when the Fund is holding fair-valued securities may receive fewer or more shares, or lower or higher redemption proceeds, than they would have received had the Fund not fair-valued securities or used a different valuation methodology. The Fund’s ability to value investments may be impacted by technological issues or errors by pricing services or other third-party service providers.
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.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus Non-Diversification Risk. The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers.
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.
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 6.42% in the 2nd quarter of 2014; the worst was -5.58% in the 2nd quarter of 2013.

Updated performance information may be obtained by visiting our website 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, 2018)
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 Emerging Markets High Yield Bond ETF | iShares Emerging Markets High Yield Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets none
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.50%
1 Year rr_ExpenseExampleYear01 $ 51
3 Years rr_ExpenseExampleYear03 160
5 Years rr_ExpenseExampleYear05 280
10 Years rr_ExpenseExampleYear10 $ 628
2013 rr_AnnualReturn2013 (5.47%)
2014 rr_AnnualReturn2014 2.06%
2015 rr_AnnualReturn2015 1.78%
2016 rr_AnnualReturn2016 14.72%
2017 rr_AnnualReturn2017 9.01%
2018 rr_AnnualReturn2018 (5.10%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel best
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2014
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 6.42%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel worst
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2013
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (5.58%)
One Year rr_AverageAnnualReturnYear01 (5.10%)
Five Years rr_AverageAnnualReturnYear05 4.27%
Since Fund Inception rr_AverageAnnualReturnSinceInception 4.35%
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 03, 2012
iShares Emerging Markets High Yield Bond ETF | Return After Taxes on Distributions | iShares Emerging Markets High Yield Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (7.61%) [1]
Five Years rr_AverageAnnualReturnYear05 1.52% [1]
Since Fund Inception rr_AverageAnnualReturnSinceInception 1.72% [1]
iShares Emerging Markets High Yield Bond ETF | Return After Taxes on Distributions and Sale of Fund Shares | iShares Emerging Markets High Yield Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (3.02%) [1]
Five Years rr_AverageAnnualReturnYear05 2.02% [1]
Since Fund Inception rr_AverageAnnualReturnSinceInception 2.16% [1]
iShares Emerging Markets High Yield Bond ETF | Morningstar ® Emerging Markets High Yield Bond Index℠ (Index returns do not reflect deductions for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (4.61%)
Five Years rr_AverageAnnualReturnYear05 4.57%
Since Fund Inception rr_AverageAnnualReturnSinceInception 4.73%
[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 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.3.a.u2 html 11 143 1 true 8 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 Emerging Markets High Yield Bond ETF Sheet http://www.ishares.com/role/DocumentRiskReturnSummaryUnlabelediSharesEmergingMarketsHighYieldBondETF Risk/Return Summary- iShares Emerging Markets High Yield Bond ETF 2 false false R7.htm 000019 - Disclosure - Risk/Return Detail Data {Elements} - iShares Emerging Markets High Yield Bond ETF Sheet http://www.ishares.com/role/DisclosureRiskReturnDetailDataElementsiSharesEmergingMarketsHighYieldBondETF Risk/Return Detail Data- iShares Emerging Markets High Yield Bond ETF 3 false true R8.htm 000021 - Document - Risk/Return Summary {Unlabeled} - iShares J.P. Morgan EM Corporate Bond ETF Sheet http://www.ishares.com/role/DocumentRiskReturnSummaryUnlabelediSharesJ.P.MorganEMCorporateBondETF Risk/Return Summary- iShares J.P. Morgan EM Corporate Bond ETF 4 false false R13.htm 000029 - Disclosure - Risk/Return Detail Data {Elements} - iShares J.P. Morgan EM Corporate Bond ETF Sheet http://www.ishares.com/role/DisclosureRiskReturnDetailDataElementsiSharesJ.P.MorganEMCorporateBondETF Risk/Return Detail Data- iShares J.P. Morgan EM Corporate Bond ETF 5 false false R14.htm 040000 - Disclosure - Risk/Return Detail Data {Elements} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetailData Risk/Return Detail Data 6 false false All Reports Book All Reports isi-20191204.xml isi-20191204.xsd isi-20191204_cal.xml isi-20191204_def.xml isi-20191204_lab.xml isi-20191204_pre.xml BarChart1.png BarChart2.png http://xbrl.sec.gov/dei/2018-01-31 http://xbrl.sec.gov/rr/2018-01-31 true true XML 13 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 14 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Total
iShares Emerging Markets High Yield Bond ETF
iSHARES® EMERGING MARKETS HIGH YIELD BOND ETF Ticker: EMHY                                  Stock Exchange: Cboe BZX
Investment Objective
The iShares Emerging Markets High Yield Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, emerging market high yield sovereign and corporate bonds.
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”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except the management fees, interest expenses, taxes, expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, distribution fees or expenses, litigation expenses and any extraordinary expenses.

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
Other Expenses
Total Annual Fund Operating Expenses
iShares Emerging Markets High Yield Bond ETF | iShares Emerging Markets High Yield Bond ETF 0.50% none none 0.50%
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 $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example
1 Year
3 Years
5 Years
10 Years
iShares Emerging Markets High Yield Bond ETF | iShares Emerging Markets High Yield Bond ETF | USD ($) 51 160 280 628
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 the 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 19% of the average value of its portfolio.
Principal Investment Strategies
The Fund seeks to track the investment results of the Morningstar® Emerging Markets High Yield Bond IndexSM (the “Underlying Index”), which tracks the performance of the below-investment-grade (as determined by Morningstar, Inc. (the “Index Provider” or “Morningstar”)) U.S. dollar-denominated emerging market sovereign and corporate high yield bond market. High yield bonds are also known as “junk bonds.” All bonds included in the Underlying Index are selected according to a set of rules-based inclusion criteria regarding issue size, bond type, maturity, and liquidity. The securities included in the Underlying Index are rebalanced after the close of the last business day of each month. Morningstar Indexes reviews and announces the list of eligible countries annually in August, and it takes effect at the following June rebalance.

The Underlying Index includes bonds issued by corporations, sovereignties and quasi-sovereign corporations (more than 50% government ownership) based in Latin American, Eastern European, Middle Eastern/African, and Asian (excluding Japan) countries that meet certain criteria to be classified as emerging market countries by Morningstar’s proprietary index methodology. Eligible individual securities must have a minimum outstanding face value of $500 million or more, and eligible issuers must have aggregate outstanding debt of $1 billion or more to be included in the Underlying Index. All securities included in the Underlying Index must be U.S. dollar-denominated fixed rate bonds with a remaining maturity of 13 months or more at the time of rebalancing and a minimum of 36 months to maturity or greater at time of issuance. Corporate bonds must have a credit rating of BB+ or lower from either Moody’s Investors Service, Inc. (“Moody’s”), S&P Global Ratings or Fitch Ratings, Inc. (“Fitch”) to be included in the Underlying Index. Sovereign bonds must have a credit rating of BB+ or lower from either Moody's or S&P Global Ratings to be included in the Underlying Index. The Underlying Index employs a weight capping algorithm to limit exposure to single issuers. Single issuers are capped at 15% of the Underlying Index portfolio, and the sum of all issuers over 5% is capped at 48%. Issuers under 5% are capped at 4.7% of the Underlying Index portfolio. In instances where an issuer exceeds the capping threshold, the weight is modified and allocated on a pro rata basis to the remaining constituents.

As of October 31, 2018, the Underlying Index included issuers located in 41 countries. As of October 31, 2018, a significant portion of the Underlying Index is represented by sovereign obligations. The components of the Underlying Index are likely to change over time.

The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the “1933 Act”).

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 an applicable 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, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable 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 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 (“BlackRock Cash Funds”), as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. From time to time when conditions warrant, however, the Fund may invest at least 80% of its assets in the component securities of the Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of BlackRock Cash Funds, 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 seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.

The Underlying Index is sponsored by Morningstar, 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), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
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 certain risks, including the principal risks noted below, any of which may adversely affect the Fund's net asset value per share (“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 may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as Authorized Participants on an agency basis (i.e., on behalf of other market participants). To the extent that Authorized Participants exit the business or are unable to proceed with creation 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 in the Purchase and Sale of Fund Shares section of this prospectus (“the Prospectus”)), Fund shares may be more likely to trade at a premium or discount to NAV and possibly face trading halts or delisting. Authorized Participant concentration risk may be heightened for exchange-traded funds (“ETFs”), such as the Fund, that invest in securities issued by non-U.S. issuers or other securities or instruments that have lower trading volumes.

Call Risk. During periods of falling interest rates, an issuer of a callable bond held by the Fund may “call” or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds in securities with lower yields, which would result in a decline in the Fund's income, or in securities with greater risks or with other less favorable features.

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.

Credit Risk. Debt issuers and other counterparties may be unable or unwilling to make timely interest and/or principal payments when due or otherwise honor their obligations. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also adversely affect the value of the Fund’s investment in that issuer. The degree of credit risk depends on an issuer's or counterparty's financial condition and on the terms of an obligation.

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 Fund's NAV may change quickly and without warning.

Custody Risk. Less developed securities 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.

Cybersecurity Risk. Failures or breaches of the electronic systems of the Fund, the Fund's adviser, distributor, and other service providers, the Index Provider, 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 cybersecurity plans and systems of the Fund’s service providers, the Index Provider, market makers, Authorized Participants or issuers of securities in which the Fund invests.

Extension Risk. During periods of rising interest rates, certain debt obligations may be paid off substantially more slowly than originally anticipated and the value of those securities may fall sharply, resulting in a decline in the Fund’s income and potentially in the value of the Fund’s investments.

Geographic Risk. A natural 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.

High Yield Securities Risk. Securities that are rated below investment-grade (commonly referred to as “junk bonds,” which may include those bonds rated below “BBB-” by S&P Global Ratings and Fitch, or “Baa3” by Moody's), or are unrated, may be deemed speculative, may involve greater levels of risk than higher-rated securities of similar maturity and may be more likely to default.

Illiquid Investments Risk. The Fund may invest up to an aggregate amount of 15% of its net assets in illiquid investments. An illiquid investment is any investment that the Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without significantly changing the market value of the investment. To the extent the Fund holds illiquid investments, the illiquid investments may reduce the returns of the Fund because the Fund may be unable to transact at advantageous times or prices.

Income Risk. The Fund's income may decline when interest rates fall. This decline can occur because the Fund may subsequently invest in lower-yielding bonds as bonds in its portfolio mature, are near maturity or are called, bonds in the Underlying Index are substituted, or the Fund otherwise needs to purchase additional bonds.

Index-Related Risk. There is no guarantee that the Fund’s investment results will have a high degree of correlation to those of the Underlying Index or that the Fund will 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 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.

Interest Rate Risk. An increase in interest rates may cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain fixed-income investments. The historically low interest rate environment, together with recent modest rate increases, heightens the risks associated with rising interest rates.

Issuer Risk. The performance of the Fund 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 will 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.

Non-Diversification Risk. The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers.

Non-U.S. Agency Debt Risk. The Fund invests in uncollateralized bonds issued by agencies, subdivisions or instrumentalities of foreign governments. Bonds issued by foreign government agencies, subdivisions or instrumentalities are generally backed only by the general creditworthiness and reputation of the entity issuing the bonds and may not be backed by the full faith and credit of the foreign government. Moreover, a foreign government that explicitly provides its full faith and credit to a particular entity may be, due to changed circumstances, unable or unwilling to provide that support. A non-U.S. agency’s operations and financial condition are influenced by the foreign government’s economic and other policies.

Non-U.S. Issuers Risk. Securities issued by non-U.S. issuers carry different risks from securities issued by U.S. issuers. These risks include differences in accounting, auditing and financial reporting standards, the possibility of expropriation or confiscatory taxation, adverse changes in investment or exchange control regulations, political instability, regulatory and economic differences, and potential restrictions on the flow of international capital. The Fund is specifically exposed to Central and South American Economic Risk and Middle Eastern Economic Risk.

Operational Risk. The Fund is exposed to operational risks 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 to address significant operational risks.

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

Privately-Issued Securities Risk. The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under 1933 Act. Privately-issued securities are securities that have not been registered under the 1933 Act and as a result may be subject to legal restrictions on resale. Privately-issued securities are generally not traded on established markets. As a result of the absence of a public trading market, privately issued securities may be deemed to be illiquid investments, may be more difficult to value than publicly traded securities and may be subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.

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 or regions 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 holdings of securities of certain issuers, the Fund is specifically exposed to Asian Economic Risk, Central and South American Economic Risk, European Economic Risk and U.S. Economic Risk.

Risk of Investing in Brazil. Investment in Brazilian issuers involves risks that are specific to Brazil, including legal, regulatory, political and economic risks. The Brazilian economy has historically been exposed to high rates of inflation and a high level of debt, each of which may reduce and/or prevent economic growth.

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 Frontier Markets. Frontier markets are those emerging markets that are considered to be among the smallest, least mature and least liquid, and as a result, may be more likely to experience inflation, political turmoil and rapid changes in economic conditions than more developed and traditional emerging markets. Investments in frontier markets may be subject to a greater risk of loss than investments in more developed and traditional emerging markets. Frontier markets often have less uniformity in accounting and reporting requirements, unreliable securities valuations and greater risk associated with custody of securities. Economic, political, liquidity and currency risks may be more pronounced with respect to investments in frontier markets than in emerging 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 jurisdictions, including the U.S., Canada and the European Union (the “EU”), have imposed economic sanctions on certain Russian individuals and Russian corporate entities. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Actual and threatened responses to such activity, including purchasing restrictions, sanctions, tariffs or cyberattacks on the Russian government or Russian companies, may impact Russia’s economy and Russian issuers of securities in which the Fund invests.

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

Sovereign and Quasi-Sovereign Obligations Risk. The Fund invests in securities issued by or guaranteed by non-U.S. sovereign governments and by entities affiliated with or backed by non-U.S. sovereign governments, which may be unable or unwilling to repay principal or interest when due. In times of economic uncertainty, the prices of these securities may be more volatile than those of corporate debt obligations or of other government debt obligations.

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

Tracking Error Risk. The Fund may be subject to tracking error, which 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, as applicable, 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), differences in transaction costs, the Fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation of distributions, the requirements to maintain pass-through tax treatment, portfolio transactions carried out to minimize the distribution of capital gains to shareholders, changes to the Underlying Index or the costs to the Fund of complying with 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. INDEX ETFs THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN EMERGING MARKETS ISSUERS MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER ETFs THAT DO NOT TRACK SUCH INDICES.

Valuation Risk. The price the Fund could receive upon the sale of 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 as a result of trade suspensions or for other reasons. In addition, the value of the securities or other assets in the Fund's portfolio may change on days or during time periods when shareholders will not be able to purchase or sell the Fund's shares. Authorized Participants who purchase or redeem Fund shares on days when the Fund is holding fair-valued securities may receive fewer or more shares, or lower or higher redemption proceeds, than they would have received had the Fund not fair-valued securities or used a different valuation methodology. The Fund’s ability to value investments may be impacted by technological issues or errors by pricing services or other third-party service providers.
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.
Year by Year Returns (Years Ended December 31)
Bar Chart
The best calendar quarter return during the periods shown above was 6.42% in the 2nd quarter of 2014; the worst was -5.58% in the 2nd quarter of 2013.

Updated performance information may be obtained by visiting our website 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, 2018)
Average Annual Total Returns - iShares Emerging Markets High Yield Bond ETF
One Year
Five Years
Since Fund Inception
Inception Date
iShares Emerging Markets High Yield Bond ETF (5.10%) 4.27% 4.35% Apr. 03, 2012
iShares Emerging Markets High Yield Bond ETF | Return After Taxes on Distributions [1] (7.61%) 1.52% 1.72%  
iShares Emerging Markets High Yield Bond ETF | Return After Taxes on Distributions and Sale of Fund Shares [1] (3.02%) 2.02% 2.16%  
Morningstar ® Emerging Markets High Yield Bond Index℠ (Index returns do not reflect deductions for fees, expenses, or taxes) (4.61%) 4.57% 4.73%  
[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.
ZIP 15 0001193125-19-316484-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-19-316484-xbrl.zip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

KGU;?VM_?V>6R>E_$[(97\ED7 ML[G?95!.'Q3PL[M]X(6ER:!@9Y$LHO:U#RH^^+1A0<5N^D$,2E8$]Q.J@A!$ MV)8B6J"-[_]1.^=SD?4E] *[R2(R ._PC#G!S_Y-@+ OJA?J!&%S$RJ"90EK M@;O(U,7]X-V_ZP1U'60DT=L+$O2@0%3?DK[)M'<:L$*H!7(F0%:<*>A3B;B> M:=1-\L?M6;ZDGHM@05Y"23\/:*ISVEVD:9&D!08AG78L49U0\]L@>43CA_/O MTR?R4S5NM1,* M&X#[2U0\-=D]919O2%L3@Z:5J/05 TC2VK!"@P:6H*%A-88-,5%+ XH,H%9! M"P/ 3^.4U*M1AMV7UW-WE6;%0QI'Z1W>.Z>G#:0*A:3)Z<-I-PZLJ6T *1I MRH^3L.5"6I$A=T"JM-'MQJXR7"7B6OM;VKEZ>Y*^5:4;1;):P

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htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName iShares, Inc.
Prospectus Date rr_ProspectusDate Mar. 01, 2019
Document Creation Date dei_DocumentCreationDate Dec. 04, 2019

XML 17 R8.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Total
iShares J.P. Morgan EM Corporate Bond ETF
iSHARES® J.P. MORGAN EM CORPORATE BOND ETF Ticker: CEMB                                 Stock Exchange: Cboe BZX
Investment Objective
The iShares J.P. Morgan EM Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, emerging market corporate bonds.
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”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except the management fees, interest expenses, taxes, expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, distribution fees or expenses, litigation expenses and any extraordinary expenses.

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
Other Expenses
Total Annual Fund Operating Expenses
iShares J.P. Morgan EM Corporate Bond ETF | iShares J.P. Morgan EM Corporate Bond ETF 0.50% none none 0.50%
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 $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example
1 Year
3 Years
5 Years
10 Years
iShares J.P. Morgan EM Corporate Bond ETF | iShares J.P. Morgan EM Corporate Bond ETF | USD ($) 51 160 280 628
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 the 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 16% of the average value of its portfolio.
Principal Investment Strategies
The Fund seeks to track the investment results of the J.P. Morgan CEMBI Broad Diversified Core Index (the “Underlying Index”), which tracks the performance of the U.S. dollar-denominated emerging market corporate bond market. All bonds included in the Underlying Index are selected according to a set of rule-based inclusion criteria regarding issue size, bond type, maturity, and liquidity. The securities included in the Underlying Index are rebalanced on the last business day of each month. Eligible countries included in the Underlying Index are determined by JPMorgan Chase & Co. or its affiliates (the “Index Provider” or “J.P. Morgan”) based on the Index Provider’s definition of emerging market countries.

The Underlying Index includes bonds issued by corporations based in Latin American, Eastern European, Middle Eastern/African, and Asian countries (excluding Japan). Once the universe of emerging markets countries has been defined, the eligible securities from these countries must be selected for inclusion in the Underlying Index. Bonds are eligible for inclusion in the Underlying Index if (i) the issuer is headquartered in an emerging market country, (ii) the issue is 100% guaranteed by an entity within an emerging market economy, or (iii) 100% of the issuer’s operating assets are located within emerging market economies. Eligible individual securities must have a minimum outstanding face value of $500 million or more. All component securities included in the Underlying Index must be U.S. dollar-denominated bonds with a minimum of 5 years to maturity or greater to be eligible for the Underlying Index and a remaining maturity of 2 years or greater at the time of rebalancing to remain eligible for the Underlying Index. There are no ratings restrictions on either the individual bonds or the country of risk.

The Underlying Index uses J.P. Morgan’s proprietary market capitalization weighted methodology. The methodology is designed to distribute the weight of each country within the Underlying Index by limiting the weights of countries with higher debt outstanding and reallocating this excess to countries with lower debt outstanding. As of October 31, 2018, the Underlying Index included issuers located in 38 emerging and frontier market countries. Components of the Underlying Index primarily include companies in the financials and oil and gas industries or sectors. The components of the Underlying Index are likely to change over time.

The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the “1933 Act”).

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 an applicable 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, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable 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 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 (“BlackRock Cash Funds”), as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. From time to time when conditions warrant, however, the Fund may invest at least 80% of its assets in the component securities of the Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of BlackRock Cash Funds, 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 seeks to track the investment results of the Underlying Index before 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 sponsored by J.P. Morgan, 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), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
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 certain risks, including the principal risks noted below, any of which may adversely affect the Fund's net asset value per share (“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 may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as Authorized Participants on an agency basis (i.e., on behalf of other market participants). To the extent that Authorized Participants exit the business or are unable to proceed with creation 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 in the Purchase and Sale of Fund Shares section of this prospectus (“the Prospectus”)), Fund shares may be more likely to trade at a premium or discount to NAV and possibly face trading halts or delisting. Authorized Participant concentration risk may be heightened for exchange-traded funds (“ETFs”), such as the Fund, that invest in securities issued by non-U.S. issuers or other securities or instruments that have lower trading volumes.

Call Risk. During periods of falling interest rates, an issuer of a callable bond held by the Fund may “call” or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds in securities with lower yields, which would result in a decline in the Fund's income, or in securities with greater risks or with other less favorable features.

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.

Credit Risk. Debt issuers and other counterparties may be unable or unwilling to make timely interest and/or principal payments when due or otherwise honor their obligations. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also adversely affect the value of the Fund’s investment in that issuer. The degree of credit risk depends on an issuer's or counterparty's financial condition and on the terms of an obligation.

Custody Risk. Less developed securities 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.

Cybersecurity Risk. Failures or breaches of the electronic systems of the Fund, the Fund's adviser, distributor, and other service providers, the Index Provider, 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 cybersecurity plans and systems of the Fund’s service providers, the Index Provider, market makers, Authorized Participants or issuers of securities in which the Fund invests.

Extension Risk. During periods of rising interest rates, certain debt obligations may be paid off substantially more slowly than originally anticipated and the value of those securities may fall sharply, resulting in a decline in the Fund’s income and potentially in the value of the Fund’s investments.

Financials Sector Risk. Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, changes in government regulations, economic conditions, and interest rates, credit rating downgrades, and decreased liquidity in credit markets. The extent to which the Fund may invest in a company that engages in securities-related activities or banking is limited by applicable law. The impact of changes in capital requirements and recent or future regulation of any individual financial company, or 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 to companies in this sector, which may negatively impact the Fund.

Geographic Risk. A natural 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.

High Yield Securities Risk. Securities that are rated below investment-grade (commonly referred to as “junk bonds,” which may include those bonds rated below “BBB-” by S&P Global Ratings and Fitch Ratings, Inc. (“Fitch”) or “Baa3” by Moody's Investors Service, Inc. (“Moody's), or are unrated, may be deemed speculative, may involve greater levels of risk than higher-rated securities of similar maturity and may be more likely to default.

Illiquid Investments Risk. The Fund may invest up to an aggregate amount of 15% of its net assets in illiquid investments. An illiquid investment is any investment that the Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without significantly changing the market value of the investment. To the extent the Fund holds illiquid investments, the illiquid investments may reduce the returns of the Fund because the Fund may be unable to transact at advantageous times or prices.

Income Risk. The Fund's income may decline when interest rates fall. This decline can occur because the Fund may subsequently invest in lower-yielding bonds as bonds in its portfolio mature, are near maturity or are called, bonds in the Underlying Index are substituted, or the Fund otherwise needs to purchase additional bonds.

Index-Related Risk. There is no guarantee that the Fund’s investment results will have a high degree of correlation to those of the Underlying Index or that the Fund will 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 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.

Interest Rate Risk. An increase in interest rates may cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain fixed-income investments. The historically low interest rate environment, together with recent modest rate increases, heightens the risks associated with rising interest rates.

Issuer Risk. The performance of the Fund 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 will 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.

Non-U.S. Issuers Risk. Securities issued by non-U.S. issuers carry different risks from securities issued by U.S. issuers. These risks include differences in accounting, auditing and financial reporting standards, the possibility of expropriation or confiscatory taxation, adverse changes in investment or exchange control regulations, political instability, regulatory and economic differences, and potential restrictions on the flow of international capital. The Fund is specifically exposed to Asian Economic Risk, Central and South American Economic Risk and Middle Eastern Economic Risk.

Oil and Gas Industry Risk. Companies in the oil and gas industry are affected by worldwide energy prices and exploration and production costs. Companies in the oil and gas industry may have significant operations in areas at risk for natural disasters, social and political unrest, and environmental damage. These companies may also be at risk for increased government regulation and intervention, litigation, and negative publicity and public perception.

Operational Risk. The Fund is exposed to operational risks 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 to address significant operational risks.

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

Privately-Issued Securities Risk. The Fund will invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the 1933 Act. Privately-issued securities are securities that have not been registered under the 1933 Act and as a result may be subject to legal restrictions on resale. Privately-issued securities are generally not traded on established markets. As a result of the absence of a public trading market, privately issued securities may be deemed to be illiquid investments, may be more difficult to value than publicly traded securities and may be subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.

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 or regions 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 holdings of securities of certain issuers, the Fund is specifically exposed to Asian Economic Risk, Eastern European Economic Risk, European Economic Risk and U.S. Economic Risk.

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 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 jurisdictions, including the U.S., Canada and the European Union (the ”EU“), have imposed economic sanctions on certain Russian individuals and Russian corporate entities. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Actual and threatened responses to such activity, including purchasing restrictions, sanctions, tariffs or cyberattacks on the Russian government or Russian companies, may impact Russia’s economy and Russian issuers of securities in which the Fund invests.

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 and strained international relations. Incidents involving a country's or region's security may cause uncertainty in its markets and may adversely affect its economy 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. The Fund may be subject to tracking error, which 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, as applicable, 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), differences in transaction costs, the Fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation of distributions, the requirements to maintain pass-through tax treatment, portfolio transactions carried out to minimize the distribution of capital gains to shareholders, changes to the Underlying Index or the costs to the Fund of complying with 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. INDEX ETFs THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN EMERGING MARKETS ISSUERS MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER ETFs THAT DO NOT TRACK SUCH INDICES.

Valuation Risk. The price the Fund could receive upon the sale of 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 as a result of trade suspensions or for other reasons. In addition, the value of the securities or other assets in the Fund's portfolio may change on days or during time periods when shareholders will not be able to purchase or sell the Fund's shares. Authorized Participants who purchase or redeem Fund shares on days when the Fund is holding fair-valued securities may receive fewer or more shares, or lower or higher redemption proceeds, than they would have received had the Fund not fair-valued securities or used a different valuation methodology. The Fund’s ability to value investments may be impacted by technological issues or errors by pricing services or other third-party service providers.
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.
Year by Year Returns (Years Ended December 31)
Bar Chart
The best calendar quarter return during the periods shown above was 4.80% in the 1st quarter of 2016; the worst was -5.00% in the 2nd quarter of 2013.

Updated performance information may be obtained by visiting our website 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, 2018)
Average Annual Total Returns - iShares J.P. Morgan EM Corporate Bond ETF
One Year
Five Years
Since Fund Inception
Inception Date
iShares J.P. Morgan EM Corporate Bond ETF (2.83%) 3.48% 3.41% Apr. 17, 2012
iShares J.P. Morgan EM Corporate Bond ETF | Return After Taxes on Distributions [1] (4.62%) 1.58% 1.61%  
iShares J.P. Morgan EM Corporate Bond ETF | Return After Taxes on Distributions and Sale of Fund Shares [1] (1.67%) 1.80% 1.81%  
J.P. Morgan CEMBI Broad Diversified Core Index (Index returns do not reflect deductions for fees, expenses, or taxes) [2] (2.06%) 4.10% 4.00%  
[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.
[2] Index returns through May 31, 2017 reflect the performance of the Morningstar® Emerging Markets Corporate Bond IndexSM. Index returns beginning on June 1, 2017 reflect the performance of the J.P. Morgan CEMBI Broad Diversified Core Index, which, effective as of June 1, 2017, replaced the Morningstar® Emerging Markets Corporate Bond IndexSM as the Underlying Index of the Fund.
GRAPHIC 19 BarChart2.png IDEA: XBRL DOCUMENT begin 644 BarChart2.png MB5!.1PT*&@H -24A$4@ 9( %;" 8 #_90B& !'-"250(" @( M? ADB EP2%ES 7$0 %Q$!RB;S/P ( !)1$%4>)SMG7F<%,7Y_S\U MQW+LLAQRB!(5(R8>)*AX@?)5,5&#BH@1C(HB)MZB44&, AH5# (B\?RIB)C$ M XU&S>611!,4;P2%2#P0N1>!77;7W9GI_OTQ5T]-57?U-=,]\[QY#=M'W?54 M/74WTW5=!T$0!$$X)%+N ! $01#AAA0)01 $X0I2) 1!$(0K2)$0!$$0KB!% M0A $0;B"% E!$ 3A"E(D!$$0A"M(D1 $01"N($5"$ 1!N((4"4$0!.$*4B0$ M01"$*TB1$ 1!$*Z(E3L (C1-0T-# P"@<^?.8(R5.40$01"5B:[K:&EI 0#T M[-D3D8C]_D4@%4E#0P/Z].E3[F 0!$%4%9LV;4+OWKUMVZ.A+8(@",(5@>R1 M=.[<.7?]Q%N?HJ/A/F@D$PF<<4A_+'[O"\3B\7('QQ,H3N&@TN)4:?$!PA&G M;UM:,/:(?0$4UKUV"*0B,C:6B+( B"< 4I$H(@",(5I$@(@B (5Y B(0B"(%Q!BH0@ M"()P!2D2E[!(!&=?,1G,P6[0H$)Q"@>5%J=*BP]0F7$2P71=U\L=")[FYF;4 MU=4! )[[Z.M +_\E"(((,]^V-..T'_0# .S0(B$(@B!<08J$( B"<$4@CY$G MB$JF8>-Z+)HW$RO??QL/_NTM .G/G2Z<>QOB\1KL^*8!/SC\*!QUXJE%=K=L M6(='9_\:_;]_ -9]\1F&GG *!@\;7F!FSO678]/77^&.Q_\$ /CZB__AN4?O M1UU]5PP8>!"&_OAD ,#<*5?BS(LF8O>]ONMSC(E*AQ0)0928%>^^B:$GG(R5 M[[^=>_;OO_X)F]>MQ:39#R"52N'"'QV* P8?@>X]"S][>O^M4W#D\3_!\:/& MHKFI$1?^Z% \]/([J.U2#P#X\Q./HDO7[MCT]5 [Y/2H3P!!K:(H@2<\S)H]&Q4^'NX:6O_14'''(X " : MC6*? WZ(=U]_MP\ \-]E[V%;PQ8D050HJ$( + MH8MZ%S7 M)7??N:X+MC=L+C(W\+"A^/B]I0" C6O78%O#9C0W-6+[U@:\^/M'\+/+K@5_ MZM%IYUV$#Y;\"T_>/Q<77G\+'IQQ(RZX;AH6/S0?B^;-Q(IWW_0WQ]_V#I M:W]%]YZ]L?C_W8U_OK@8F]=_C:@MDL]QEUU \Z[^E?X8M7'Z+_O M_MBZ:2/:6EMQ[L3K\?B\F:6,*E&!T!P)090!7=>A(]]S./RX$_'F*W_&B)]= M@%0RB<\^^0B73KL# +!]:P,Z=NZ,CITZ8^OCMO(O0L7,M6G8VX9\O/H-] M!QZ$?0<>E'/KHZ7_P?HO/\=/?S&QP,_M6[?@M>>?PK3[?X>W7OD+ZKOW ("* M/YF6\)_ *Q*6^8$!"-PYQ>%%1R9=2VRWXC"12QT $[Q__S__Q+]>?!9-V[?A MB7MGX^2S)^#H$T_%YRN78]%=,]"X;2LF3)J.'ID>R8)9-V/ @3_$*>=?O/\V7GON26Q>MQ9//S@/9QJ4R8.W_0H7 M3KX9$<8P>-AQN._6*7CZP7DXXK@32Y*?7LD)4>@3]&_GGC,?*\))F% M7$7Q6+GG1'D9[62O9<^RR/SP*HXJR=UE4\MTKN;6;MW;,H=#LMRW-&.GR&/G M]TCR71+N&03/1795_9"9EPF2JK\BMV7Q,<(78+OOK=QW:DXE#R])!)9U4 MPN*%3-AQPTESSLLFL6I9\,I=JWL[35ROPNQUGJJ8495Q$:IR:S=O[:2G6QGF MH,%1.Y2R3^R5DO2:((6+QBB"!^6)-1681J1("((@"%>0(@D,%=A,(:J$2I3= M2HR3?X1$D?@QJ.S&+@E9,/ B+[T@3/(0IK!6&E[4'\&4V^!/M@L37[1\0F6) MB']F]F3D5]T3(\L#,C)UTDOF1136_C.:- M[JJ$%Q"'WVRVU.Y"55$81?;LY)59>O)^B<*43O%DKY:,J?$Z$5&1&I5#PR-+=S#]9O!EGQLI_)^FCDD\R]ZPK MA&0RB=;VMMPSQC+O6.8'EC&:O0=T74<20)P9_-'U3!+H@*YEKC7H>CYM.G?L MB&@D:A(>D=+B\\LJ3K*\,I-=N^7+RHQ,P5J5/9%LJ\3=3KF1-3)YLUXN313E MIWLE H16D9AA-V'\T=#>N>-G^+S$KG"KQ,MN 5(UHX)3=YSEUY;MV_#&!^\" M+ )$HF#1&%@L#A:/ _$:L%@'L'@<+%8#1&-@T6C:+)!6&)H&/96$GFR'GF@' M$NF_>J(]_2R5!#0-T#6<>.31J,_LTQ*'STG>J,:YG++K59XZD4/9O54#Q:_T M\M;=D,R1B+&3['Z*KTJ;R4]_[+3KO?#/#^SX5'%N2,$80]2) 1!$(0K2)$01"!1 M67U&$,& % E!!!)^J29!!!=2) 01>((TK4H0Q9 B(8C 0Y/M1+ A14(0@8=Z M&42P"?P^$L8RQ2A[6D"EX29>E9HF8<)XBH7L6":%//).5:BYY(E_89'=L(2S M3'@A"X%7) #\VVT7%-S$JU+3)$S(Y#.HPR&Y8PED./(B?9XIDW;IU MF#9M&I8L68)//OD$0/I0N9MNN@DU-378LF4+CCGF&(P>/=HK+PFB2JCP)C$1 M>CQ3)&^\\09./_UT+%FR)/?LF6>>P9HU:[!HT2*D4BE\[WO?PU%''84^??IX MY2U!$ 60TB%*CV>3[6/'CD5M;6W!LQ=>> %#APX% $2C41Q\\,'XZU__ZI67 M!$$01 #P=8YDTZ9-J*^OS]W7U]=CTZ9-MMQ()A)()A+"=RP2030J^ZX"01 $ MD2652D'7M*+GLOK5#KXJDCY]^J"QL3%WW]C8:'M8Z_2#]I*^._?*R1AWU11+ M-\P67A@7U\#$G%UWW=CS>Z&(6_?=AE_5?]E"*%54\]1)>C@)2U &G;)S[;+O M /KI;[G30*4N\-H?IW5+%J_"]+OYO\&BN^_PR+5"/%4DNJY#U_/1/N644_#\ M\\_CXHLO1C*9Q ]8)&+K7'Z5=UX>(>W&GM\+ M1=RZ[S;\3O/-2;A5[/CEKG/S_E>YI3@FW\S/M+>P#???(/;;[\=EUQR"4:/'HT//_P0TZ9- M0T-# ^ZXXP[;/9)8/(Y8/.Y5, DB) 2ARB4JB6@T"@BF KRH7SU3),WWGJK5UX0!$$0 82.2"$(@B!<08J$( B"< 4IDC)AYUOS8:52XA.D M[XD'@:"'SRV55#9+%>[ G[7EY;% GB!:-VEGW:#!+!-$C)5[?:27,$/>V4TG M!;=+N9;4;V7"+_?T4^89,K+G1G9S_V7P.B\=US*5:( M!EZ1!$^30+QNTDX82[7^,$CX<8!A):65:5P\CBB?%U[(KA]YX569RT M&I59+-F,E]%-D1DS>RJG]93[1*V@X?2$+=5G?'Y9Y:_,GEF89/9Y?U3"GD4O M>N(.ZS3.3SN:R;M5>JCY51E8Q5>T5,)-/: J[T8_S=R7F4N[R3R0OL KDN), M-)OYXM>[Z-PS424C;]+#;^"Q6SVG0^?567FE9*QXXYJ MHT%DSX[\F9D3R8%9WIN%551^P9GGS<+&,^\; "%0)%E4"IQ9Q2)Z9O7>J1\J M_JB8M>.&T8Q*A6!V;^:.E=]F[MD-AXI[=LS:"8>5NW;#8?6\' K%RE\[X722 MGBK8<<=KN34S:[>NX9^IA%7EF1-[=NL5:VB.A" "3[F4#$&H08J$( */G:$( M4CI$Z0G\T!8_FDL0E8AW,FYGLIT@O)&%P"L2DGJB*BBEC%.9(HQX( LTM$40 M@8=J?2+8!+]'0A!53[CV:VS\^BM<\[-3T&?W[P DLDDOFUMP8,OOEY@[OE% M#^&_RS_ ;GOVQ\H/WL/5M\U!SSY]\6UK"V9-O@)[?'=?;&O8C-HN]?CYI&D M@-_>?#UZ[[8[MFQ8C\NFS@ O/O&:UBU[#V<<_EUI8THD2/PBH1ZX03A;0GP MNTS5UM7AE[?-Q>"CCP, O/S<4VAK;2GPLZ5Y)^;?/!E_7O$U.G3LA =F3,73 M#_T6E_[J-OQM\>^@:QK.GS@9 '#ZH?OB^)$_A99*(1:/8M57?K4=.B0# WY_Y TX8_;," M,_%X#>J[]<#VK0T @.W?;,7W#CP( +!+KUVQXYOT\Y:=3:BK[XI>N^Z&VB[U M:-J^#0#0M'T[ZNJ[XH&9TS#AFE\A$J&JK)P$OD="$-5)9;2OW_WW/S#PT",1 MKZDI>!ZOJ<$O;YV#.R9=ACWW^1X:-FW H"./ @ ,_?$(O/G:7W''=9>A8>-Z M_&C4F>C2M1NZ=.V&@8./Q./WW(E!1QR%+S]=A9Y]^J)IQW8\,N M>%DYHEGUD"(A",(WGE_T$*Z[8W[1\\]6KL #=TS#PE?>030:Q3,+[L>LR5=@ MYH*GP".^M=,+%OZ'_SP\*&ECF;5$WA%0G,D1#50:ADOA7^?K?H8 M/7?=#5V[]0 I%(I;-V\$;W[[HZ&C1M05]\5L6@4 -"SSZY()-K! &Q9OPX_ M/&)HNNPSAAX]>R/9WEX0YOMNOQ$_OVXJ8M$H(M$H&(!N/79!<^,.JB]L4AW[ M2 BBZ@EGU;CXD7MQ[N77YNZ7+?T/'KKSU[CWV9=QV/\-QSNOOXK?WC(%77?9 M!9]]L@)73)T) +C@E[_"_YMU,W;NV([FIB;TWJT?CCME=,Z=_[SR%_3NVP_? M_?X! ( APT_"[^^;BPUKUV#$F'&EC20! &"ZK@=N)J^YN1EU=74 @+^N7(]. MG6O+'"*"\)=U6[;@U7?? 5@$B$3!HC&P6!PL'@?B-6"Q#F#Q.%BL!HC&P*+1 MM%D T#5 TZ"GDM"3[= 3[4 B_5=/M*>?I9* I@&ZAE./'H9NF?)%$*TMS3AQ MO]T #MW[D1MK?WZEI8Z$$3@"6>/A*@> C^T17,D1#5@+N/>#AI0F2*,T#X2 M@B (HNR0(B$(@B!<$1)%PG?&G7XES,Q-D3VG7RB4^<6X>U7<^FT6#COV[?IM M?"<+ATI:J'Y%SBH3ZS23B:O5G$V<].-65'>R,+M15ZK MQ-_,'N^&2CA4XF.55S)SLGOW,ACX.9(TA=]#9DA_LMX(_P%[W?!4Y]XP,,,S MD1D^,W03LSS&,(K>%OI=[(/X*\Z%]LS]5GON7IEDG^J&.U'X\V&W+GRB="O, M;YDY>:$H-)O-P\+O6HO2.XMY>/(F"I_KBO$NEMW2P 3Q,%>$Q3+(#&_D<@NH MSO*HIH.*,C%WCY<)-;_X\B^7'W%=Q?NC*YH3^2*J.UC&16.:\V$LE%OFD?0% M7I$P253MMAGY.U51E+M@C9-JW7AM+XSE0Z6=X[9M:E7%V773CDQ9AT<4$K&< M!0&K]J^57:MWV;_)5 K)5(HS9##%\J99YEK3TRH^RC+J/E<[ZYF:,?. V[70 M(1X'8_9BXS1O[*HMD11(/4%4)3X4@!*4J<_6?8TW M/UX!L A8) K$,GMC8C5@\9KT_IAX#5@LGMX;$RG<&Z-K*2"9A)Y,9/;$M*7W MQR3;T\]224!+ ;J.R$)(YD@(HIH)W)[ATD&-R% 0^!X) M=4B(:J!8QOU3'D$L4[)A&-54"&*"9C"O4O '4)-+)=A4W&*B>< ,M_R4(HA)0G6RG"?A@ M$O@>"34TB&K .QD/Y]"6M$>B"Y[Q!FEHRQ6T_)<@"(X*:[.3=@@%I$@((I!4 MF$*P@(:QPDVHAK9$*SO\1N9G.<)2;MS$V2N[=O/#SWSBW;:ZMX>_TI4=(BI' M?OJ!U=!6$&2WE'95W?5*68>J1^*_X-HY$=;IV;;AQ4TLO;++)%6&V'U_#VCG MWVDT5-;O6:6>G1K'KNE/XFJM*EO\RP.;Q MT"X]=&BV.I1)<%!-[W+EBTU_367UI/N%TF8/5> M79F4! _2+50]$H*H'JIKAD"UNJ7F6C )?(^$EO41U4!Q.YZ?;5%%[3N:05O^ M*]W9KFB9Z51/.(66_Q)$!5)=?1&B$B!%0A"!A]K:681*EH8MR@X-;1%$ *C$ MG>U^(-S9CG#'J=Q4QZHMH+P;27BR4LR'R>]%WT&(NXARQ3\(Z2';X"*3$3.8 M\))S4#50"G[YG78V\TI@94O_\=-\MY8I_$-)#)ILR&5&DN/(,0F1MXCK.BNI32=L$A*#493XT) +? M(Z$N*U%MN.N1!&=HJ]3EENH)9]"J+8*H0'3#_TYM$T0I(45"$(&DNMK7TLV' MG%XD-1E,:&B+( ) J0\!"LW0EJ(C5$\XISJ'MDA:""=X+3=VW2N9W(:S@*A. MM@MC%\XHJQ."^ 6^1R)L:H0@88D 4A7*)"#+?[/^N$5U+*O2NR1^QLT#MP.O M2%CF7_'B9Z!PDX$]5]7MFFV!@N2=BCM\&%3<4S'+IQ5_+=KL8'6MXKY9>$5F MG>2!:KS-W,GB1F9X-V2;BF2;'/Q^.1*"(*H'9GI+!(3 ]T@J?>B3((#2 MRWA8IDCL^$7UA#.\2#?JD1!$X/%[R(X@W!'X'@DU-8BJ@)KO[JC$.)4*#](M M\(J$Y(,@POF%Q%)2B7$J%32T11!5 5611+ A14(0@4277%?VK7TC^/\'H3MI4YJB?*1N 5"<$:5#6V%34S"%MZ@$+9T\^+\)"^IL.GHT$0G;'+K+8'OD0#&DTJ+ M,TMVEB<3F!&=M2M"=J:KR%^96WHFY':0A5_=/_&]61I9Q55TWJM*6&'RW@Q1 MNEFYIR(#O%MF\B!R0Y8.QJ=R.2N.3[%_;@[[LVLV7:;,RH%5&>'-B>5-/=S2 MR7;!65MBW<(*Y$:UO/!G%]NI)PK""7%YMY(QLWI*YI95.++(ZH-B.^Z58 @4 MB3E,_ M5=QVDU=BO-^0:.6OG:D)WGPYVN:R-'52)ZC6$S*_5<+A1YWB)#^]RJN2*9)1 MHT9AQXX=N?N[[KH+/_C!#ZPM,CA3SP3A!V[E3MF^CV,ZLC(59BHQ3JJXE4D/ MTJUDBN2@@P["U*E3;=N3RD>U"@U17MS*G<1^\6/_VOBEJG-+642K68^XC;@7 MZ58R1?+55U]AYLR98(RAKJX.%U]\,:+1:*F\)X@0$YH99\?(AGI45VT1Y:5D MBN3BBR_&X,&# 0#777<=IDV;AEMOO=727C*10"*1$+Z+1"*DC(@JP.O)]N#A M=F<[84TJE8*F:47/DY+ZU0XE4R19)0( PX]RM/ MPD<0Y82&@=20K=H*V2*)*=.W=B[MRYN.FFFP JU>O MQK[[[JMD]S__78=.M;7"=Y%(B+;!$(1C?-C93E0=%_WR>OS\JDE%SUN;FS'4 MI,&N0DD423P>Q_+ERS%MVC1$HU'\][__Q>S9LY7LQFKBB-?$?0XA09292NR2 MV/!#=8Y$:IFZ))9$8U%$43P5D$BXKU]+HD@Z=.B IYYZRI%=D@^B&BBUC =, MCRC/D= 1*=[C1;K1V!!!5!2579U6=NS"2^!WME-+@R#L$)Q/[9:LW.I43[@A M5/M(G&,4$=D)4C \@^"Y"EYN67;CEA966;E Y\4CEE"Y5=[U" M]3 7NW&S0F0^J!,_7N>!$_=43L[RHPYQZ[:8$"@2(U:[?7?KFYG89 ]=U)Q^AT?-ZNVW*2[3_'R91&:UV%UXIZ;D[.\=MM]>@1> MD3"6_A%$)5-*&2]9F?+"#\X-Z60[U1..\2+=:+*=( ()[0<0Y/M M!%&!Z(;_TU3^'(D4W?26" BD2 @BD%280B JFN /;3$&1K-H1(7#+ _9\]*S MTI0I3[Q@Q;?"3^U2/>$8+]*->B0$45'0X ]1>DB1$$0@(84 0"T9J"-2=H(_ MM 62$Z+R*99Q_Z0^5&5*]?3?8J.$(K1JBR (CLJN3H6QH\Y;V2%%0A 51677 MJI4=N_ 2_*$M.OK $>O6KL&LFV_" 3\8A.W;MV%G4Q.FW3$'D4AAVV'MFB_Q MY&./H,Q4?OOXM+KYE<\KA6!!7X82M/O. TAWS5 M%M433O$BW0*O2 AG;-^V#2>-/!TGG'(: .""GX[$GQ8_B=/./"MG1M=U7'?) M!#SZS(OHV*D36EM:T+!E,P"@:<<.W#CC3@# A^^^C:M_<3[^\?XG6+GB(\3B M<5QX^568<=/U6/7Q=(B/(2>$6B,HF6 M%:X**T*N./ '@W#@#P;E[G5-0UU=74$:??3^NTBTM^.9WS^&MF^_12+1C@LN MG0@&X.H;IN;,::D4NG2I!P-07]\5.[9M P.P8]LV=.W:%;-NOA&_O&$:HI'* M&RD5'=WAA_NV_# UK'!HHUW_%,G&Q>\T$^$V3N4,NU^HQH4FVS/0B@USWG_[ M+72J[8P?_>24@N?KUGZ%CS_Z$,?\Z$1,N&PB4BD-,Z=.*3"CZSH6W#B]:U_LV+X=W?)XE4*2G'N ME6T"VBQGW%]/$ QM^8$O82\SI8Q+X'LDA#L^>O]=//G8 LQ[:%'1NR[U7;%+ MKU[HM\>> (#!1PS!+==?DWNO:1INF7(-SAK_B9R(R5&[Q=D3LR?\U^LC"HQB7S]]__?!7//_T'W#'_?D2C M$?SE3\]"TU+8N/YK, "#!A^*9#*%YJ8F, :L__HK]/_N/F ,:/_V6]SXR\LQ M>NPY..J88_'*7UY >UM;@7\S;IJ":V^Z&;%H%-%H%(P!W7?9!4T[MJO%424_ M[-@QRQ.;:5EN9E=4;Z8R:"53-K)#PGAZ9'(8FN6"HPWPP"F%]OCW6 ,.0G. M7C/1^TQ.R*1=Y(?1;3-DX1.Z6?QLQ4MI6/SW?Z*^:U?,NN=!W'KC).RQU][X?/5_<=.,]"JLJR\>CU4?K\!7 M7WP.7=>Q=LV7^/._WT&'CAT !KSZEY?0MU\_?/^ P$ PT_\">Z_ZTZL7;,& M8\:-5Y=.DS@4&U3)$^ZZP)[A/GO-#'DA"HLT/ KF[-ZKO_1QGP5H @ $E$ M050 +NXRKV5I7"JX9!#Z;IP,*$HV23QE>6&9[ +9,W.WP$[VI2P\O-L2V96: M%_BO$_1Q M(!.DG0^J)YSC0;K1T!9!$&7':ND$$6P"WR.AA@91#01E?9/7_J@B.LY#-H1% M0UO>4AU#6X0K-$W#ZO4;D5[:8OA%(@"+@+%(YIIE[M-+8!K;4ZBOB0(ZH.L: MH.N I@&Z!CWS%YH.(/-.U]&G6U=TJZLM=Y0K$*HBL]"\>C A15+AI#0-3[ZQ M%(@P@$7!HE&P6!R(UX#%:L#BF5^L!HC%P")1(!)!332"]I0&:!KT5!)Z,@$D MVJ$GVJ$GVM)_DPD@E8">2@&ZAA&#!^&0??J7.\H5"%6?6RG@@(U3&T%58)*?6@M]F[H(2E M'.Z$!=/X>ER[^[\)W#M4HLX0WGHB"%3+JBV&8EE1/2Q#M8Z5N<&_%\FK+"QF MX5:1?=E[F=URER<[<1&E@U6>BMPRRQ>[X;,R(_)/)0]Y\ZIA*@6J98=/<]5X MN\:F0T[*A8JLR>*N6A?(PB;SWXD\JKJKZK8= M\C*8YL]K2?_%_9J4$L\]1H MKM!5W6#*Z$:AV>+W?+CXTYMXO_0",ZS(?V.SRVB7]\MH3^27+'RE0YR&^7M6 M8(+_G% VC65Y6NAFOD#DTX4)S!GOB]\;\\?HAEG,>'E2J52+_5&QZP>,RP4F M*!?%E4UQ_J6?BLH4;]=G%,YAS3\O#F>A>9'L&*_RZ\M84?GEY;;XG[PRI. MTE24#D[;CW;]5O579-=NVMKQQ^_)"CMI9?;TA<<_O_'029JL. MLX/&8G%EZ;YW4N!"B?-&=;Y^1^)XU$'53J4K M$Y9OCR1RC:02/:<4SU#6X0K_.R(\"U$PCE^588ZRIM'7LZ1&,DU8DB#E!U2)%6 MG^6,E(CWN,LON>URY)6QM^H')'_!@(:V*AS9:AWU-#4OJN5<#51)F ]MV4E5 M<7[Q/<=2#6UE_13'RQNWL_\[P(MT"KTA(0EQBF/ LWH)GPP$!PLJ!\LH9 M@G3+/W+>[L[F=4&%7L8RY57O1/3==I(]AWB0;C2T525XW1IEAE^YQ^ KA4I, M0]>RII(HE9AP(2/P/1)J:+A#M K5ZU:AWRM^JP71\E)89G2):SP MI_X,_- 64'A6:?89H0:?=ORPEM.4-$[>YB?O17E5R3B)J]B.,>7X\V#M^F/6 M2V0H73YE?5'9H6[M%J!)%B14I^RYP?OZ-/B*1+4AY^=B=17*[;\,)F\)NAGZ M$"WM]&6@NMSI6D+_116KDSPJRA=PBR)*-:%@TIMP% 0N@7(R2),D[J!56P;* M+43E]E\!+_9[E'RXI-SI6F;_T][KGLYIE1)9N/EA*5&XC,_,SN(JMX@0(>B1 M4$/#'<8ENKP2<#()*BK\I=[H5HG(*M+B82YK=T0]D2Q!:[R;K224+3K@Y3G[ M+"AQ"ANT:HM0QEBA& N=G0E+46&ER4Y_L=LC*?=(H!5.Y"?(\2'2D"*I K+* M@E<@@'I+3C0Y2D,+WB)*1V.^J:8SGR_\WU(B4AQ6PUC\,YGL9F_HT,;R$_BA M+<"\^VN%ERTT6??;+SGVHJ+F*R"SU3QFK4/^G:Q'4\JT\#MO[=@QKE[+8E=N M>7-FPY$B1/E<=#R*P*P?J*:'7>68M9.+4^;&S=!6*7IQ(EGQVET[=@#[>6!& MX'LDS'#A='615P956U+*F%EF-@J'A2&KBL3.T);(3H% FM5R+A)+9-W+PN]8 MMEBA_:+>@TVY-?8>L^[9V: H&JKT)=TLM!D_?P&(*S [%:%(CDU1E#E+(QXD MF"@]'/O)A)>VPN*UX@Q^C\08:[^;#4'H^ZN^4S6;>2ZJC!C$+4>9T_RF,LWP MM\"@5W$*"U9Q4AT[++C4'56T!:UU%.9/03Y[D0]672,N3B*9,X9)U-L'Y/*9 M>V^U@L#/N/I)JF$BNR1$(68#1D8 MGQ6-[QO,R<:\[0Z_$'*,Z6QGM$:4_K)YB'+DD]705?:=:+^+%0R9H2VBK) B MJ0)X)<%76$9SHE58_-"$J,!3678/G_;\7(?9TEE13\;XU_BN7/"])#OV> KF M[,'*/T(-?DXCBVR1A,A^.G]8P3UO+PAS)N#" MP?>>"LSK>?-&9=XD6Z!5R1@+/TSA1]9E;7?S#K,JBN]O7##KKLN MX-).-N0AM0[YN'5QP5?)*RM4T\%N'MEYEL6K@3N%L#)65(GF0\"*7#!;A2=Z M7^BH*)_*5:C#T*7CG(4LS8$P'$!=XHNBHY($*L MZNS9LGYGYUEA;-SG@=B%XFI6+5:R7HM5;].\-RF22..BN6S2+E%-8:OH(@15(%\)6/J)4([IFH)P/NN6B\FW"'N'7.#-=B M\L_%9LN9/UXW.HJ&\$CXR@X-;2E@9_H7BF9+A4HE;TQCV52SQKV755)>Q=W. M=*5/RQ3*@KC5K0L5N)%\/A?G-M\XD/5J2I&&LCD)ON=KE%MC^'FY,XM3.;!3 M!P1%;FEHJT38&0\.@F"8(>IQ6"D'8\^#KP3\4IYVW MZFMLAG[ZZH>)D!7D@ MLB.;SQ+ELYF_?L K!-Y?6=P8\G,D1G< +JX!$@ OYI_"2$EZ)*^__CH>?_QQ M]._?'QLV;,"<.7,0BREZ'8;:.<@PX24 <0'F6XG&UJ)9-N0*-.65*_+IG%8> M$0#&SUJ9*0-112L]L+%4W0_.?U'O0M:XX9_)>M>6AS82YGB0;K[W2%I;6W'N MN>=B[MRYF#)E"CIW[HSY\^?[[2W!(1NG%CT7#3/PB(9@"/?PBIOO:9CE!>]& M]MIHIAS3"6;#JU8])N.N=9GBH9WMY3"+1]BW2&[:B8-$H6"H%I#1$8BD@E0)+I1")):%' M8V"1*%@D A:-()'2P#0-6BH)I)+0$^V97QOT1 )Z*@&62D!/I:#K&MI:6]#2 MW%SN*(>2;UM:,OD4 2)1L&@,+)4"2R6!E 86T\!22;!8$HC$P*+1M%D T#5 MTZ"GDNE?H@W(YE4R 3W9GLX_30/3-;2V-*,E'O4]3FVM+4AFXL0B42 5 TNF MP&*IC RF_[)H HC&@$@^3DS7H&NI=+B328/Z^OKX>FS9M4K:_[YZ[^Q$LP@<>*W< ""46 M3BQW"+QGX57E#D%UX_O05I\^?=#8V)B[;VQL1)\^??SVEB (@B@1OO=(CCCB M"&S8L $[=^Y$75T=7G_]=8P<.5+9_B?_^Q*=,\-B/)%(!-&HMUWT;^?^ FAM M J)1L%@4D7@4K":.2#P.UB&.2$TL?1V/@<4B8)$(]%@-D$Q 3VE *@4MD83> MW@ZM/0&M+7N=A)Y(04\E 4U'=,A(Q(\9ZVG8JP6MX6NT/W M$&% - (6BR$2 MCZ7S*?OK$ .+Q8%X#"P:023"H$>BT%,I0-. 9 I:(I'.E[9V:&WMF7S+YE/: M7'S,]8CN,ZC<428"0N(?3R#UYG- ))(>)HY'P>+I^B'2(2UWJ*E!-):N/Q"- M@$48H .:#NC)%)!,0D\DTS+7EH262$!O2Z3_)M/#SNC4!1VO?M#3L*=2*6@: M?]PET-+>>Z*EI0677WZYLOVNW;KE MYE=*0:0F!J3B8-$(6"QBJ*!B>452$P?B<;!8>CX!L3B09$ J!3T5@19AT%AZ M$E!#>E^RALPNW12@:QIB'3L@7L)X51):2V?$:N+I AIEA8HDFT<=XD"\)MT0 MB*;G'1")9,;5-6C)*/1(-H_T]"]S<*+.6":?(JCIW E1RBMX#(C%P:*L0)$@F82>9- BD5R]H#$-NJY!8SKT2"1=C]3$T*E$ M/QUV[49+9J6'#AF'8L&'.+)=A61\3KGEAN>G0#(N[BTVS0E=*M6LT#,M_O:/4I2=?"1G]UC,*13<(A/$O .@Z,P@) MOQ*>:@%/8'RZ%J*#%>61-;)M?:8!)B0^ <1\GP_?Q-&+9*SPGF4;,"*' M DK@U\NEJUZSW0JBE?:RO[QY@3O"L_GS.RNR2B224R:,,\DR51B_C:RX@F+R M+5;6X93&R:MFBYG[?%AEX0/,XR+RTVA'[$=Q_Z(X3-D\R#_1,[F8376CLN?] M*,PC)C13Z)\XC:QVVJDK%Z+HN35X72J?MVTES53P&Z MCMP^BO0#R75AKY+O3>;?F6W!5 F_F_BZS4LW>6X55S.W5?-:)NM^-+&=AD75 M#;.ME5DEP3=\BFWFY8[W*W,O_=B46=CXPK"&%!*WPF&]IB14K'CY8Q49G(&JZ%O5^@N-=;/,3*-RZSSY!N M*(4(4B1"1&T(9GA:7.$4"$G!:V-%97Q&N$+GT[58.1L+-(]\WH24"J&"4=Z* MAX\*)]5%MD4]:(,['GS^MI0$?FB+[_SY[V%60/AAD_R05^$$>W&O1-?->APL M]W^X1"4X, !6D^W9@4=C?EDCF\LBB#1\F<^MVN+F2K*K.G5$R2EDCLO_ F\(BDYNFCHR3B.GJ^@C&/OZ6<:5_WH*!82ZHVXA=5U1\U)%Z:5 M"4/Z;+!()+-)+/U#-'VO12)@C*7-MFX#.G5+SX-I>GIC8DH#2VF(I%*(:%IZ M4ZFF0]=U0-<1Z?6=7"!R"(2F]\+T&ABA$+(]NT8\OSS8&$#!< G?=15U8F3Q5GDOFXX1#,=* MS4W[Y]9V2L*5&$ (X(>K9JJ M,!G:LDH;*_F2E4$/"+XB8=Q?L^?B$0XU][/HA1):O)G-V*:PL]&MT&YZU9%" M6*W,F-W+TL[*KMUTM,H#)_Y9N>'43Q7_5.W(PJ":WD[\5'7'25K;31?5/# S M8T=>5?RVDR=VZXXB,\:Y#?.YM;0)E0PU3+:[*8>R=Z(XV2E_$@*O2#R*IP., M\R#Y>V-H^/'2_,Y5M1"7)UX$03B&\35RI@Y@V6?%S4AY1\M%VPJ,JJ6PSM!#MF(+($5B M J\,1.T)*X5A,F@90F$AB*JG8'^';O@5]CGRC4JCNF"R6?'\\J% MA:RA27,DO'^,92KYXGTD^;SY7HT!DK:?U EH9JV$=2"^>Y%H;\/7HXCW#(<2M[09)=[\/",I/MQ9/HV<:F MW$^^X9E]'*Y69N 52R0QMICD2* M40SX;FA>,1B7_^:MBKN]_,8CPCY_>>E%'#%D" "@:]>NZ-6K%Y:^]6:1N<<7 M+8262N&>^7=C^DTWHK6U!0#P]M*WL.NNNZ*VMA8 ,/3HH_'2"W\" '3OT0-; M&QJPM:$!/7;9!?];O1HKEB_'R%&C2A0[(CS(EO%FW_*G7O#P/1C.#>J1A)_B M.9*TXC!^.=&TKZ0;W\DFVL,E*$%A\Z;-J*^OS]UWJ:_'YDV;B\RM7?,5>O?N M@P<>>AB-C8TX[.!!>.U?;V#SILWH8K!?;[ _=?K->/#^^Q")1/"KFZ;BEQ.O MQ%WS?XN9M]V*]O9V_'3,6.RW__[^1Y(( 7S%+VL@9FH-X=B6;&4H0K=J*P2* MA-?\HFMPST3+ZYC$CL#'HH\F\>')NEDX%IJ?29%/I)GX"EYQR>,JBJ=HC%8D MO2KN&,V)[//I*0JK*&S\.Y$_Q6FT<,'#^..SSP NG;KBL;&IIRYIL8F].[3 MI\C]^JY=<<211P( ZNN[HG___GCWG7?0NT]O-.YHS)EK;&Q"[SZ] 3#TW6UW M3+OEUP" N;-GXZRSS\$KK[R,[^RQ)T;_]$S\;,P9>/;Y%P1QE2'*-U$<97ED ME;XRF9;)B]4[)^&V*R<\9N'DW1'Y+2M?5GZ*5E"9U1T<P41CYLW!.=-R<: M_LZ896+ $#L&/[=C0T;,'AAQ\!!F#]NO5()A)@8!A^_(_PY>=? MI%W4=:Q;MPX#!NR+PP\_$ILV;43SSIU@8%CRQALX^921!>'X[\I56/GQ"HPZ M?32:=C2B9\^>Z-2Q8\YM6S=6\C6"H7EWQR3)E\'6;<=BN^^FH-'EZP$!TZ= 7'3A M>%QZ^97XR8B3,GE#["1$#) ME.'L)+M>\!3%1ROQY"?FU4 -QC4W-Z.NK@X L&5;8VYBM!0TSC@7 M:&T"HE&P6 21> RL)HY(30U8AQ@B-7%$:N)@\1A8- 8694"L!DBV0T]IT%,I MZ.U):.WMT-H3T-J2T-O:H;6W0T]HT%-)Z)J&#D>?@8X_.K=D\2((PCW?OKP( M;6\L!HM$TU_CC$?!XG%$.J3KA4B'>+J^B,? 8K%T/1)!6M?H.O1D*OUK3T!K M:X?6EH36W@:]+0DMD82>3 (I#>C4!?53%I4D3LW-S>C5/3UON'/G3D?U;>"' MMH(%UUI@@O'3(O@57.%L<1 $D4%TA)(N*M<"(Q_\H2WCB)+J M'*#Q/6]/96Z1&8>LLD-;\E49X@ ;[XU=7%UNU"OH/T=Q(=NY%TN#T M0M;;/UC(J&JMLX!1*9FD?01 A M1 >*OY((9,MYMD=B?@Y?SB'#/:]')#3V8M!HM,SKWFQT,S D+*A"#"C>7P-U!< MAXCN)1/P(:LC0C'9GOU;JA6/^4,;9.A15"\"L/XM\ 2 ,UP+]J#@MRJK:I;ME5*JFE) M42FA=,V46V:H([++M2RV!NC\A6P^-;]JJW2KB]P[$9H>B=^K=0K<$VXX$ODH M><[X=X82:'#;[@H8HWG%OH^I/TY6'3E=@:2J-\WRV&E$B)_[(33";)RXDD>9)?_%DVVJ\9(,C=B0WB#I-,#WR.1 MS4:([KWP2YR19LM]1==&.UF7Q2T5I\K$[-J./Z52)G;L.JV,O0JC%6%0)E;V M?*M@%5P.<0+-T+3 M(RD92LON9"T+_IWQ/4$0%8-TKYD1,_4NVYR(4$ZV![Y'4@YTQL!,,U,T_V$V M^C(%ED@BDDQ!2R:!1 I:*@5H.G1-!ZOI6.ZHVH(4B0!FZ)7D MOY"8OC.8$MQ;]4:*NZ\$082'F@.'HN; H>4.1N"@H2T>KK? "N9&S'H@AEZ* MSBL567>6( @B_) BXHR,]*MKLV!/9N"DI$((@*A=2)#S2C];(AK4$"J5H M2:#AFN9'"(*H,$(Q1V(<&%*MAHUF9==BB]GC#]+*0AX1<[*GS.KH23OARZ>L=3ALY9O-L#F6#T4W8,,=,_>MW/%B MCZ"=O)#EIQ-WG<@N'-@Q"Y^9>U[)KE-D&PZ\E%O8L&=&X!6)6H3YB6^Y/:M$ MZWK)G>'%J:P [/241!5("NY0TSEIYNSUR#L^V_BAT[X;.SCM\+89?9N<(AJ0U462B=VPF/?XM)&M)+7C%G_MCI#U2)PJ M$S[A16X:KT6CI[)12*L"8&.27BHP9B.@5N[P<9>EA>RY2N4B"Z>J,A$]4ZT, MK/)%A"S\3I6)U;VH K *(V_>*EUEURHS"ZIVK4;BW2@3X[U97O/F5/-?9,9) M^1*9M0JWJCMF\N&T[N/?B_QPKU!"IDBR4"B_+I=&NDS+IUG^OX^+&7_>$3)%XL1:"(+R"Y+%:N&ON M'*Q=^Q5VW[T?WGOO/5QRR:4XZNBCB\QMW+@15UYQ.0XYY!"L7KT:@P8-PN57 M7 E=US'JM)$X[+##T-[>CI4K5^*AAQ]!ERY=\.:2)7AF\=-@C.'TT6?@R"%# MH.LZQHXY$_?=_P!Z].CA<6R\E]N0*1(JM$20('FL%K9OWX[9<^X" +R]="G& MG7LV5GWZOR)S=\V=@WWVV0>3KY^"YN9F].S1#>>=/QYU=74XXH@CQRS)Y])QY;]#@T3]5FO!SN;+T$;EM]MP8'JLTE>4/ M8)WV?+A54?5'%%Z1&V9A4(F+**W,[%G)CFKZV:UMS.3#;AZHA$,D*P9T3<=9 M8\=@XE57X<@CAQ2%J[6E%3\[:RSVVFM/?/311SC[['-PP80+<^9>?>45W'?? MO=B[?W_,G#4+$1;!A@T;<-]]]R 2B>#""W^!B5=>@?F_O0<+'GD8[8EVC!ES M%O8_8']Y>;);?CF:FYO1O6L7 ,#.G3L+ZUM%@J](&M.*A 'Y#>>$>]RD)>5# M&AWI8]FK(TW#<\.%" M.V///!,GG' "QD^8@-;65NS_O7VQ^-D_XI#!@PO,W3%S!K[\X@O<]\"#!<]G MWSD+_?OOC9U-36"1"'YZYID8<\89>/[%%YW$5@R7ELTMS>A>[TZ1!'YHR[@X MC;'\/?U<_MRD)>5#+AW@YGVU_9A'=KURQ^)WP80)>/'/?\8++[T$Z#HNO?@B MG#ON/ P?/APO//\\VMO:P "L7[<.R40"#,#77Z]%W[Y]P0!T[M0)W;IW1UM; M&U:M7(F_O/12SNU]OKL//OWTTP+_5JU?@>GC1J%,6/'%IE+I5)X\,$' M<.LMM^"/S_\)AQUV6.Y=0T,#YMTU%[UZ]\:R#Y=A__WWPS777H>B?L>\&-5!D$07C+NG'.P?/E'^/SSSZ'K.K[\X@N\?^PR=.C0 1/&C\<5 M5UZ)$2>?C#MGS\%=<^;@HX^68?WZ]3CMM-,P=.A0?/[YYWALX4(L6_8A=%W' ML@^78?:P['''8=^_?IAU:I5^+^CC\*F+0U%YI8N78JZNCJ,&GDJ'O_] M'PH4R6FGGHK?WGLO^O7K!UW7\?CL<>SZS*&#<.BY]]%O/F MW84]OK,'1IT>G@DU@B JC^;F9G1S.;1%/9(,YXX;E[O^W^K5.'#@0*&YPP\_ M' # Z]_-FS=CV;(/\?>__0U-.YO0N&,')EYU-0"@>V95AJ9IZ)%=E?'11Y@X M\2J?8D,0!%$Z2)$8:&]OQRTW3\?KK[^.>7?/MV5WS9HU6+=N'08,&("CAPW# M[W_W.YP_;AR>?>XYW'S+KW'_???@5[[[VW MT.Z [^Z-W_WAB=S0UJ>??HJ!!^R/G2VMB,?C6+-F#0X>]$-LW;:]P%YV5493 M4Q,BF5499YYQ!O[DY:H,@B (1;P8V@K\JBT_,:[*N.>W^1Y(MV[=4%M7AZ_6 MK $ K%NW#HE$PM2M[W[WN^C?OS\^__QS ,":+[_$@'WW+3"SCLLONQ1[[;47OOSR2YQ\\LDXYMAC :!@ M5<;FS9OQ\$/_#XV-C7ALX:/XMK45P_[O_Q"-1K'H=[_'S!DS\/WO?P\K5Z[" MPX\LR+D?]E49!$$0,JIZ:(L@"*+:H:$M@B (HNR0(B$(@B!<08J$( B"< 4I M$H(@",(5I$@(@B (5Y B(0B"(%Q!BL0EJ50*M]P\':E4JMQ!\0R*4SBHM#A5 M6GR RHR3"-_WD?3OWQ_]^_>'KNM@C.&UUUZSM!.F?22)1 *=.W9 R[=MB,?C MY0Z.)U"$ 1!$&7"=T7R^NNOX\X[ M[\3.G3MQV&&'X2<_^8G?7A($01 EQ+4B&3%B!#9LV)"[SPYAG7KJJ9@^?3IF MS)B!0P\]%*E4"D M>^TU)!()G'#""0" U:M7*PUM&>?_>^TB_Y[YY.NG8,H--[@/J NRF=#S $01"$,W1=1TM+"P"@9\^>B$3L[U,/I"(A M"((@P@,=D4(0!$&X@A0)01 $X0I2) 1!$(0K2)$0!$$0KB!%0A $0;B"%(DB MQQY[;.YZZ=*E..:88W#II9<6F)D_?SXNNN@BS)HU"Z>==AI>??754@?3%BIQ MRK)PX4)'RP)+C4J<%BY^RQV+1I4X&9MK8V MW'WWW>C0H0,&#AR(29,FX;WWWBM'<)50B1, ?/CAA_CLL\]"L9]'-4Y//ODD M]MACCU('SQ$J<7KJJ:?0U-2$ZZ^_'@ "7>FJQ.?<<\_%V+%C :2/%SGSS#,Q M<.# DH=5%94XS9DS!P,&#,"4*5/0W-R,KEV[8OSX\>C2I4LY@NPIP6]B!H0Q M8\8 2!\^>=YYYPG-7'OMM>C0H0, X'__^U^@!1]0B].V;=LP;]X\3)\^W?$Y M/*5$)4Y NO_9L3)LV#6O7KBU5\!RA$J=''WT4J50*\^;-PXTWWIC;8!9$ M5.*352( \-!##^'""R\L2=B'"A3Z'RAU6<=)U'==>>RWNN.,.1"*14/1( M5/+IF&..P8@1(]"S9T\L7[XJF4)2+?P7WSQ1;S\\LL^AL@]*G&Z^.*+,6;, M&%QYY958MFP9)DZ<&(KA8A6"67)"3*]>O3![]FRL6;,&0X8,PQZ.//IKKC?SF-[_!<<<=A\&#!Y>^/MM]_&J%&CRAPR=SS]]-,8 M/7ITN8/A">/&COS*%RQX]__&-\_OGG -(]R77KUF' @ %E#I5['GWT48P? M/[[/CAA_'2 M2R]AS9HU:&EIP>&''PX@/>'YZJNOXH,//L CCSR",6/&X*233BIS:-60Q0D MUJ]?C[OOOAO__.<_$8_'L<\^^X1B@E 6IT\^^00+%BS BA4KL&C1(DR=.A4' M'GA@F4.KABQ.AQYZ*)Y[[CDL6[8,BQ0(B$(@B!<08J$( B"< 4I$H(@",(5I$@(@B (5Y B(0B"(%Q!BH0@"()P M!2D2@B (PA6D2 B"( A7D"(A"((@7$&*A" (@G %*1*"( C"%:1("((@"%>0 K(B$(@B!<08J$( B"< 4I$H(@",(5_Q^6O]J_&B25;0 !)14Y$KD)@@@$! end XML 20 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 21 R1.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate Oct. 31, 2018
Registrant Name dei_EntityRegistrantName iShares, Inc.
Central Index Key dei_EntityCentralIndexKey 0000930667
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Dec. 04, 2019
Document Effective Date dei_DocumentEffectiveDate Dec. 04, 2019
Prospectus Date rr_ProspectusDate Mar. 01, 2019
Entity Inv Company Type dei_EntityInvCompanyType N-1A