Our Company and Sites


October 23, 2018 – iShares Product Update

ETF name changes

The following 4 iShares ESG ETFs will undergo name changes. Also note that these changes will not result in changes to CUSIPs, existing fund methodologies or objectives.

Fund NameTickerNew Fund NameIndex Name
iShares MSCI USA ESG Optimized ETF ESGU iShares ESG MSCI USA ETF MSCI USA Extended ESG Focus Index
iShares MSCI USA Small-Cap ESG Optimized ETF ESML iShares ESG MSCI USA Small-Cap ETF MSCI USA Small Cap Extended ESG Focus Index
iShares MSCI EAFE ESG Optimized ETF ESGD iShares ESG MSCI EAFE ETF MSCI EAFE Extended ESG Focus Index
iShares MSCI EM ESG Optimized ETF ESGE iShares ESG MSCI EM ETF MSCI Emerging Markets Extended ESG Focus Index


October 22, 2018 – iShares Product Update

ETF ticker change

On our around, Tuesday, October 23rd, 2018, the ticker for the iShares MSCI Global Impact ETF (current ticker: MPCT) will be changing to ticker, SDG. Please note that this change will not result in changes to CUSIP, existing fund methodologies or objectives.

Fund NameTickerExpense RatioIndex Name
iShares MSCI Global Impact ETF MPCT 0.49% MSCI ACWI Sustainable Impact Index


October 15, 2018 – iShares Product Update

Maturing iShares iBonds Dec 2018 Term Corporate ETF (IBDH)

The last day of trading IBDH, the iShares® iBonds® Dec 2018 Term Corporate ETF on NYSE Arca, Inc. will be December 17, 2018. NYSE Arca, Inc. will suspend trading in the Fund before the open of trading on December 18, 2018 and shares of the Fund will no longer be available for new investments as of this date. Proceeds of the liquidation are currently scheduled to be sent to shareholders on December 20th, 2018. The Fund’s final net asset value (NAV) as calculated on December 17th, 2018, will include any costs associated with the liquidation expected to be borne by the Fund.

TickerETF Name05/28/2014
IBDH iShares iBonds Dec 2018 Term Corporate ETF 05/28/2014


October 4, 2018 – iShares Product Update

Benchmark Changes for Two U.S. — listed iShares Technology Focused ETFs

As recently announced, on or around December 24th, 2018, two iShares ETFs will undergo fund and benchmark name changes. Those funds are as follows:

  • The iShares North American Tech ETF (ticker: IGM)
  • The iShares North American Tech-Software ETF (ticker: IGV)

 

Current and Future State of the iShares North American Tech ETF (IGM)

Summary of ChangesCurrentNew
(Effective at the Open December 24)
Fund Name iShares North American Tech ETF iShares Expanded Tech Sector ETF
Underlying Index Name S&P North American Technology Index™ S&P North American Expanded Technology Sector Index
Investment Objective The iShares North American Tech ETF seeks to track the investment results of an index composed of North American equities in the technology sector. The iShares Expanded Tech Sector ETF seeks to track the investment results of an index composed of North American equities in the technology sector and select North American equities from communication services and consumer discretionary sectors.

 

Current and Future State of the iShares North American Tech-Software ETF (IGV)

Summary of ChangesCurrentNew
(Effective at the Open December 24)
Fund Name iShares North American Tech-Software ETF iShares Expanded Tech-Software Sector ETF
Underlying Index Name S&P North American Technology-Software Index™ S&P North American Technology –Software Index
Investment Objective The iShares North American Tech-Software ETF seek to track the investment results of an index composed of North American equities in the software sector. The iShares Expanded Tech-Software Sector ETF seeks to track the investment results of an index composed of North American equities in the software industry and select North American equities from interactive home entertainment and interactive media and services industries.

back to top

 



September 28, 2018 – iShares Product Update

Change in the underlying indexes

On Thursday, September 13, 2018 the iShares Trust Board of Trustees approved a change in the underlying indexes for the iShares Edge MSCI USA Size Factor ETF (SIZE) and iShares Edge MSCI Intl Size Factor ETF (ISZE). Beginning on or around Friday, November 30, 2018, the funds will track new underlying indexes. Please note that the CUSIPs will remain unchanged.

SIZE and ISZE’s investment objectives will not change. The ETFs will continue to seek to track the investment results of indexes composed of large- and mid-capitalization stocks with relatively smaller average market capitalization for their designated regions.

The proposed indexes’ key distinction from the current indexes is the utilization of a new approach to weighting index constituents. The new index methodology uses a measure of market capitalization to give larger weights to stocks which are relatively smaller, effectively reducing the influence of each constituent’s market capitalization, or size, on weighting.

Why consider the iShares Edge MSCI USA Factor ETF and iShares Edge MSCI Intl Size Factor ETF?

  • Access to large and mid-cap stocks that are exposed to the size factor (relatively smaller market capitalization).
  • Index-based access to the size factor, which has historically driven a significant part of companies' risk and return.*
FundTickerPrior IndexNew Index
iShares Edge MSCI USA Size Factor ETF SIZE MSCI USA Risk Weighted Index SCI USA Low Size Index
iShares Edge MSCI USA Size Factor ETF ISZE MSCI World ex USA Risk Weighted Index MSCI World ex USA Low Size Index

* Source: R. Clarke, H. Silva and S. Thorley, ”Minimum-Variance Portfolios in the U. S. Equity Market,” Journal of Portfolio Management, 2006.


September 26, 2018 – iShares Product Update

Share Split

The Board of Trustees of iShares Trust, has authorized a share split for the iShares Russell Mid-Cap ETF for shareholders as of the close of business on October 23, 2018, and payable after the close of trading on October 25, 2018. The 4-for-1 split will lower the share price and increase the number of outstanding shares. The total value is not affected by the split.

TickerFund NameExpense RatioIndex NameProposed Forward Split Ratio
IWR iShares Russell Mid-Cap ETF 0.20% Russell MidCap Index 4 for 1


August 30, 2018 – iShares Product Update

Expense ratio updates

On 8/31/2018, 12 iShares funds with FYE 4/30/19 will have expense ratio updates. Please refer to the chart below for complete details on these changes.

TickerFund2017 Total Annual Fund Operating Expenses2018 Total Annual Fund Operating ExpensesReason for Difference
IDV iShares International Select Dividend ETF 0.50% 0.49% Breakpoints
IYT iShares Transportation Average ETF 0.44% 0.43% Breakpoints
IYM iShares U.S. Basic Materials ETF 0.44% 0.43% Breakpoints
IYK iShares U.S. Consumer Goods ETF 0.44% 0.43% Breakpoints
IYC iShares U.S. Consumer Services ETF 0.44% 0.43% Breakpoints
IYE iShares U.S. Energy ETF 0.44% 0.43% Breakpoints
IYG iShares U.S. Financial Services ETF 0.44% 0.43% Breakpoints
IYF iShares U.S. Financials ETF 0.44% 0.43% Breakpoints
IYH iShares U.S. Healthcare ETF 0.44% 0.43% Breakpoints
IYJ iShares U.S. Industrials ETF 0.44% 0.43% Breakpoints
IYW iShares U.S. Technology ETF 0.44% 0.43% Breakpoints
IDU iShares U.S. Utilities ETF 0.44% 0.43% Breakpoints

back to top

 


August 30, 2018 – iShares Product Update

Benchmark Changes for iShares Global Telecom ETF (IXP)

In response to the GICS reclassification, during September 2018, the underlying index of the iShares Global Telecom ETF (ticker: IXP) will undergo a name change from S&P Global 1200 Telecommunications Services Sector Index to S&P Global 1200 Communication Services Sector Index.

As a result, on or around September 24, 2018, the fund name and objective will change as follows:

  • The fund will be renamed iShares Global Comm Services ETF
  • The fund will seek to track the investment results of an index composed of global equities in the communication services sector

An additional 4 U.S.-listed iShares ETFs follow the GICS methodology and will be directly affected by the reclassification. Those funds include the iShares Global Sector ETFs (IXN, RXI) which will implement the GICS reclassification during the Sept. 21 quarterly rebalance. Lastly, iShares offers two U.S.-listed, technology focused ETFs (IGM, IGV) that seek to track indexes following the GICS methodology. These funds will be affected by the reclassification and will implement changes during the semi-annual reconstitution on Dec 21.

Current and Future State of the iShares Global Telecom ETF (IXP)

Total # of ConstituentsCurrentNew
Telecom (Current) 28 N/A
Comm Services (Post GICS Changes) N/A 64

 

Total Index Market CapCurrentNew
Telecom (Current) 1,163,088,213,059 N/A
Comm Services (Post GICS Changes) N/A 3,694,891,183,141

 

Top 10 Holdings (%)CurrentNew
Facebook Inc A N/A 13.9%
Alphabet Inc C N/A 10.3%
Alphabet Inc A N/A 10.2%
Tencent Holdings Ltd. N/A 7.1%
AT&T Inc 19.69% 6.2%
Verizon Communications Inc 18.36% 5.8%
Walt Disney Co N/A 4.5%
NetFlix Inc N/A 4.2%
Comcast Corp A N/A 4.1%
SoftBank Group Corp 6.9% 2.0%

 

Top 5 Countries (%)CurrentNew
Top 5 Countries (%) Current New
United States 39.98% 69.20%
China 4.20% 8.50%
Japan 18.82% 7.40%
United Kingdom 7.21% 4.10%
Canada 6.50% 2.10%

back to top

 


August 10, 2018 – iShares Product Update

Closing iShares Commodity Optimized Trust (CMDT)

At iShares, we continually review our products to ensure they meet the evolving needs of our clients and, as part of this process, we plan to close the iShares Commodity Optimized Trust (CMDT).

iShares offers broad-based commodities exposure through the iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) which has similar diversified exposure to 20 different commodities, including agriculture, energy, and metals, without K-1 tax reporting.

Trading in the Trust will be suspended prior to market open on October 11th, 2018. Proceeds of the liquidation are currently scheduled to be sent to shareholders on October 15, 2018.

TickerETF nameInception date
IDV iShares Commodity Optimized Trust 8/8/2013

back to top

 


July 31, 2018 – iShares Product Update

Underlying indexes and investment objectives

The underlying indexes and investment objectives for four iShares credit funds (CRED, CIU, CSJ, CLY), are expected to be implemented close of market on July 31, 2018 in order to be effective for the market open on August 1, 2018.

The new fund name and investment objective for CLYH (Active) are also expected to be implemented at these times. As previously disclosed, effective August 1, 2018, the tickers for the below five funds will also be changing.

Please refer to the table below, as well as respective prospectuses, for more information regarding these updates.

Former tickerNew tickerFormer fund nameNew fund nameNew investment objective
CRED USIG iShares U.S. Credit Bond ETF iShares Broad USD Investment Grade Corporate Bond ETF The iShares Broad USD Investment Grade Corporate Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated investment-grade corporate bonds
CIU IGIB iShares Intermediate Credit Bond ETF iShares Intermediate-Term Corporate Bond ETF The iShares Intermediate-Term Corporate Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated investment-grade corporate bonds with remaining maturities between five and ten years
CSJ IGSB iShares 1-3 Year Credit Bond ETF iShares Short-Term Corporate Bond ETF The iShares Short-Term Corporate Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated investment-grade corporate bonds with remaining maturities between one and five years.
CLY IGLB iShares 10+ Year Credit Bond ETF iShares Long-Term Corporate Bond ETF The iShares Long-Term Corporate Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated investment-grade corporate bonds with remaining maturities greater than ten years.
CLYH IGBH iShares Interest Rate Hedged 10+ Year Credit Bond ETF iShares Interest Rate Hedged Long-Term Corporate Bond ETF The iShares Interest Rate Hedged Long-Term Broad Corporate Bond ETF seeks to mitigate the interest rate risk of a portfolio composed of U.S. dollar-denominated investment-grade corporate bonds with remaining maturities greater than ten years.

back to top

 


July 25, 2018 – iShares Product Update

Ticker changes and share splits

Ticker Changes
The tickers for five iShares credit ETFs are changing as of August 1, 2018. As previously reported, the indexes for four of our credit ETFs (tickers: CRED, CSJ, CIU and CLY) will be changing between August 1st – October 4th and we will provide an update as soon as the index migration has been completed.

Former tickerNew tickerFund name
CRED USIG iShares U.S. Credit Bond ETF
CIU IGIB iShares Intermediate Credit Bond ETF
CSJ IGSB iShares 1-3 Year Credit Bond ETF
CLY IGLB iShares 10+ Year Credit Bond ETF
CLYH IGBH iShares Interest Rate Hedged 10+ Year Credit Bond ETF

Share Splits
The Board of Trustees of iShares Trust, has authorized a share split for three US Credit ETFs (tickers: CRED, CIU and CSJ) for shareholders as of the close of business on August 3, 2018 and payable after the close of trading on August 7, 2018. The 2-for-1 split will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by the split.

TickerFund nameExpense ratioIndex nameProposed Forward Split Ratio
CRED Bloomberg Barclays U.S. Credit Bond Index 0.06% Bloomberg Barclays U.S. Credit Bond Index 2 for 1
CIU iShares Intermediate Credit Bond ETF 0.06% Bloomberg Barclays U.S. Intermediate Credit Bond Index 2 for 1
CSJ iShares 1-3 Year Credit Bond ETF 0.06% Bloomberg Barclays U.S. 1-3 Year Credit Bond Index 2 for 1

back to top

 


June 15, 2018 – iShares Product Update

Closing 16 iShares ETFs

At iShares, we continually review our products to ensure they meet the evolving needs of our clients. As part of our review process, we have decided to close 16 iShares ETFs.

After the close of business on August 15, 2018, the funds will no longer accept creation orders. Trading in the funds will be suspended prior to market open on August 16, 2018. Proceeds of the liquidation are currently scheduled to be sent to shareholders on August 22, 2018.

Which funds are closing?

TickerETF NameInception Date
Currency Hedged
HEUS iShares Currency Hedged MSCI Europe Small-Cap ETF 10/29/2015
HACW iShares Currency Hedged MSCI ACWI ETF 6/29/2015
Smart Beta
HEUV iShares Edge MSCI Min Vol Europe Currency Hedged ETF 10/29/2015
HACV iShares Edge MSCI Min Vol Global Currency Hedged ETF 10/29/2015
HEMV iShares Edge MSCI Min Vol EM Currency Hedged ETF 10/29/2015
HEFV iShares Edge MSCI Min Vol EAFE Currency Hedged ETF 10/29/2015
CNSF iShares Edge MSCI Multifactor Consumer Staples ETF 5/10/2016
UTLF iShares Edge MSCI Multifactor Utilities ETF 5/10/2016
ERGF iShares Edge MSCI Multifactor Energy ETF 5/10/2016
CNDF iShares Edge MSCI Multifactor Consumer Discretionary ETF 5/10/2016
INDF iShares Edge MSCI Multifactor Industrials ETF 5/10/2016
MATF iShares Edge MSCI Multifactor Materials ETF 5/10/2016
FNCF iShares Edge MSCI Multifactor Financials ETF 5/10/2016
TCHF iShares Edge MSCI Multifactor Technology ETF 5/10/2016
HCRF iShares Edge MSCI Multifactor Healthcare ETF 5/10/2016
Fixed Income
HHYX iShares Currency Hedged International High Yield Bond ETF 7/28/2015

back to top

 


March 19, 2018 – iShares Product Update

Weighting methodology change

Effective Monday, March 19, 2018, the weighting methodology for the underlying index tracked by the iShares Select Dividend ETF (DVY) will change from dividend dollar weighted to dividend yield weighted. Additional diversification and liquidity requirements have also been introduced as part of the change. Below is a summary of the changes (changes are in bold):

Ticker: DVY
Fund Name: iShares Select Dividend ETF
Expense RatioInvestment ObjectiveIndexIndex ChangePrevious MethodologyNew Methodology
0.39% The iShares Select Dividend ETF seeks to track the investment results of an index composed of relatively high dividend paying U.S. equities. Dow Jones US Select Dividend Index Constituent Weighting Scheme



Market Capitalization Requirement
Constituent weightings are assigned annually based on indicated annual dividend. The weight of any individual company is restricted to 10% within the index, as measured at the time of the annual reconstitution.



In order to be eligible, a company must have a float-adjusted market capitalization of at least US$ 1 billion (US$ 750 million for current constituents).
Constituent weightings are assigned annually based on indicated annual dividend yield.

The weight of any individual company is restricted to the lower of 10% or five times a constituent’s float-adjusted market capitalization divided by the sum of the float-adjusted market capitalizations of all index constituents.

Each Global Industry Classification Standard (GICS®) sector is restricted to 30% within the index, as measured at the time of the annual reconstitution.



In order to be eligible, a company must have a float-adjusted market capitalization of at least US$ 3 billion (US$ 2 billion for current constituents).


March 15, 2018 – iShares Product Update

Fund closure

Effective March 15th, the iShares® iBonds® Mar 2018 Term Corporate ex-Financials ETF (ticker: IBCC) is closing in accordance with its prospectus and investment objective. The fund will cease trading prior to open on Friday, March 16th.

Fund NameTickerCUSIPExpense RatioBenchmarkExchange
iShares® iBonds® Mar 2018 Term Corporate ex-Financials ETF IBCC - 0.10% Bloomberg Barclays 2018 Maturity High Quality Corporate Index NYSE Arca

back to top

 


February 9, 2018 – iShares Product Update

FIBR Merger

  • On February 5th, 2018, the iShares Edge U.S. Fixed Income Balanced Risk ETF (FIBR) will reorganize from a transparent active ETF to an index ETF.
  • The Fund will change legal entities, from “iShares U.S. ETF Trust” to “iShares Trust”
  • The fund will move from single basket to a 3 basket structure with ability to in kind (w/cash option)
TickerNameExpense RatioOld Investment ObjectiveNew Investment ObjectiveBenchmark Name
FIBR iShares Edge U.S. Fixed Income Balanced Risk ETF 0.25% The iShares Edge U.S. Fixed Income Balanced Risk ETF seeks total return and preservation of capital The iShares Edge U.S. Fixed Income Balanced Risk ETF seeks to track the investment results of the Bloomberg Barclays U.S. Fixed Income Balanced Risk Index. Bloomberg Barclays U.S. Fixed Income Balanced Risk Index

 


December 29, 2017 – iShares Product Update

Fund Name Changes & Expense Ratio Updates

On 12/29/2017, 55 iShares funds with FYE 8/31/17 will have expense ratio updates.

Additionally, in an effort to simplify the fund names and ensure consistency across the market, we will remove the word “capped” from the fund name across 28 iShares funds. The changes mentioned above are noted in the charts below, respectively.

Fund NameTickerOld Expense RatioNew Expense RatioReason
iShares Currency Hedged MSCI Emerging Markets ETF HEEM 0.71% 0.69% Change in AFFE
iShares Adaptive Currency Hedged MSCI Eurozone ETF DEZU 0.51% 0.52% Change in AFFE
iShares Currency Hedged MSCI Australia ETF HAUD 0.51% 0.52% Change in AFFE
iShares Currency Hedged MSCI Canada ETF HEWC 0.51% 0.52% Change in AFFE
iShares Currency Hedged MSCI Eurozone ETF HEZU 0.51% 0.52% Change in AFFE
iShares Currency Hedged MSCI Italy ETF HEWI 0.48% 0.49% Change in AFFE
iShares Currency Hedged MSCI Mexico ETF HEWW 0.51% 0.53% Change in AFFE
iShares Currency Hedged MSCI South Korea ETF HEWY 0.64% 0.61% Change in AFFE
iShares Currency Hedged MSCI Spain ETF HEWP 0.51% 0.52% Change in AFFE
iShares Currency Hedged MSCI Switzerland ETF HEWL 0.51% 0.52% Change in AFFE
iShares MSCI Australia ETF EWA 0.48% 0.49% Change in Breakpoint
iShares MSCI Austria Capped ETF EWO 0.48% 0.49% Change in Breakpoint
iShares MSCI Belgium Capped ETF EWK 0.48% 0.49% Change in Breakpoint
iShares MSCI Brazil Capped ETF EWZ 0.63% 0.62% Change in Breakpoint
iShares MSCI Canada ETF EWC 0.48% 0.49% Change in Breakpoint
iShares MSCI Chile Capped ETF ECH 0.64% 0.62% Change in Breakpoint
iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.71% 0.69% Change in Breakpoint
iShares MSCI Eurozone ETF EZU 0.48% 0.49% Change in Breakpoint
iShares MSCI France ETF EWQ 0.48% 0.49% Change in Breakpoint
iShares MSCI Germany ETF EWG 0.48% 0.49% Change in Breakpoint
iShares MSCI Hong Kong ETF EWH 0.48% 0.49% Change in Breakpoint
iShares MSCI Israel Capped ETF EIS 0.64% 0.62% Change in Breakpoint
iShares MSCI Italy Capped ETF EWI 0.48% 0.49% Change in Breakpoint
iShares MSCI Japan ETF EWJ 0.48% 0.49% Change in Breakpoint
iShares MSCI Japan Small-Cap ETF SCJ 0.48% 0.49% Change in Breakpoint
iShares MSCI Malaysia ETF EWM 0.48% 0.49% Change in Breakpoint
iShares MSCI Mexico Capped ETF EWW 0.48% 0.49% Change in Breakpoint
iShares MSCI Netherlands ETF EWN 0.48% 0.49% Change in Breakpoint
iShares MSCI Russia Capped ETF ERUS 0.64% 0.62% Change in Breakpoint
iShares MSCI Singapore ETF EWS 0.48% 0.49% Change in Breakpoint
iShares MSCI South Africa ETF EZA 0.64% 0.62% Change in Breakpoint
iShares MSCI South Korea Capped ETF EWY 0.64% 0.62% Change in Breakpoint
iShares MSCI Spain Capped ETF EWP 0.48% 0.49% Change in Breakpoint
iShares MSCI Sweden ETF EWD 0.48% 0.49% Change in Breakpoint
iShares MSCI Switzerland Capped ETF EWL 0.48% 0.49% Change in Breakpoint
iShares MSCI Taiwan ETF EWT 0.64% 0.62% Change in Breakpoint
iShares MSCI Thailand Capped ETF THD 0.63% 0.62% Change in Breakpoint
iShares MSCI Turkey ETF TUR 0.64% 0.62% Change in Breakpoint
iShares MSCI All Peru Capped ETF EPU 0.63% 0.62% Change in Breakpoint
iShares MSCI Brazil Small-Cap ETF EWZS 0.63% 0.62% Change in Breakpoint
iShares MSCI China ETF MCHI 0.64% 0.62% Change in Breakpoint
iShares MSCI China Small-Cap ETF ECNS 0.64% 0.62% Change in Breakpoint
iShares MSCI Indonesia ETF EIDO 0.63% 0.62% Change in Breakpoint
iShares MSCI Ireland Capped ETF EIRL 0.48% 0.49% Change in Breakpoint
iShares MSCI New Zealand Capped ETF ENZL 0.48% 0.49% Change in Breakpoint
iShares MSCI Philippines ETF EPHE 0.64% 0.62% Change in Breakpoint
iShares MSCI Qatar Capped ETF QAT 0.64% 0.62% Change in Breakpoint
iShares MSCI UAE Capped ETF UAE 0.64% 0.62% Change in Breakpoint
iShares MSCI United Kingdom ETF EWU 0.48% 0.49% Change in Breakpoint
iShares MSCI Emerging Markets ETF EEM 0.72% 0.69% Change in Breakpoint & foreign taxes
iShares MSCI BRIC ETF BKF 0.72% 0.70% Change in Breakpoint & other expenses
iShares MSCI Poland Capped ETF EPOL 0.64% 0.63% Change in Breakpoint & other expenses
iShares MSCI India ETF INDA 0.71% 0.68% Change in foreign taxes
iShares MSCI India Small-Cap ETF SMIN 0.80% 0.75% Change in foreign taxes
iShares MSCI Finland Capped ETF EFNL 0.53% 0.55% Change in other expenses

* AFFE: Acquired Fund Fees and Expenses

 

TickerOld Fund NameNew Fund Name
ECH iShares MSCI Chile Capped ETF iShares MSCI Chile
EDEN iShares MSCI Denmark Capped ETF iShares MSCI Denmark
EFNL iShares MSCI Finland Capped ETF iShares MSCI Finland
EIRL iShares MSCI Ireland Capped ETF iShares MSCI Ireland
EIS iShares MSCI Israel Capped ETF iShares MSCI Israel
ENOR iShares MSCI Norway Capped ETF iShares MSCI Norway
ENZL iShares MSCI New Zealand Capped ETF iShares MSCI New Zealand
EPOL iShares MSCI Poland Capped ETF iShares MSCI Poland
EPU iShares MSCI All Peru Capped ETF iShares MSCI Peru
ERUS iShares MSCI Russia Capped ETF iShares MSCI Russia
EWD iShares MSCI Sweden Capped ETF iShares MSCI Sweden
EWI iShares MSCI Italy Capped ETF iShares MSCI Italy
EWK iShares MSCI Belgium Capped ETF iShares MSCI Belgium
EWL iShares MSCI Switzerland Capped ETF iShares MSCI Switzerland
EWO iShares MSCI Austria Capped ETF iShares MSCI Austria
EWP iShares MSCI Spain Capped ETF iShares MSCI Spain
EWS iShares MSCI Singapore Capped ETF iShares MSCI Singapore
EWT iShares MSCI Taiwan Capped ETF iShares MSCI Taiwan
EWW iShares MSCI Mexico Capped ETF iShares MSCI Mexico
EWY iShares MSCI South Korea Capped ETF iShares MSCI South Korea
EWZ iShares MSCI Brazil Capped ETF iShares MSCI Brazil
ICOL iShares MSCI Colombia Capped ETF iShares MSCI Colombia
KSA iShares MSCI Saudi Arabia Capped ETF iShares MSCI Saudi Arabia
QAT iShares MSCI Qatar Capped ETF iShares MSCI Qatar
REM iShares Mortgage Real Estate Capped ETF iShares Mortgage Real Estate
REZ iShares Residential Real Estate Capped ETF iShares Residential Real Estate
THD iShares MSCI Thailand Capped ETF iShares MSCI Thailand
UAE iShares MSCI UAE Capped ETF iShares MSCI UAE ETF


December 15, 2017 – iShares Product Update

IBDJ Fund Closure

Effective December 15th, the iShares® iBonds® Dec 2017 Term Corporate ETF (ticker: IBDJ) is closing in accordance with its prospectus and investment objective.

Fund NameTickerExpense RatioBenchmarkExchange
iShares® iBonds® Dec 2017 Term Corporate ETF IBDJ 0.15% Bloomberg Barclays December 2017 Maturity Corporate Index NYSE Arca


December 1, 2017 – iShares Product Update

Expense Ratio Update and IBB Split

As of 12/1/2017, the expense ratios for several iShares funds has changed. Please reference the chart below for details regarding these changes.

Additionally, after close of trading on 11/30/2017, the iShares Nasdaq Biotechnology ETF (ticker: IBB) underwent a 3 for 1 forward split.

Fund NameTickerOld Net Expense RatioNew Net Expense Ratio*DifferenceReason
iShares Adaptive Currency Hedged MSCI EAFE ETF DEFA 0.36% 0.35% -0.01% Change in AFFE
iShares Currency Hedged MSCI ACWI ETF HACW 0.36% 0.35% -0.01% Change in AFFE
iShares Currency Hedged MSCI ACWI ex U.S. ETF HAWX 0.36% 0.35% -0.01% Change in AFFE
iShares Currency Hedged MSCI EAFE ETF HEFA 0.36% 0.35% -0.01% Change in AFFE
iShares MSCI ACWI ETF ACWI 0.33% 0.32% -0.01% Change in Breakpoint
iShares MSCI ACWI ex U.S. ETF ACWX 0.33% 0.32% -0.01% Change in Breakpoint
iShares MSCI All Country Asia ex Japan ETF AAXJ 0.72% 0.70% -0.02% Change in Breakpoint
iShares MSCI EAFE ETF EFA 0.33% 0.32% -0.01% Change in Breakpoint

* Net expense ratios shown. For certain funds, the expense ratio may reflect fee waivers and/or expense reimbursements without which would have resulted in a higher expense ratio.

back to top

 


November 14, 2017 – iShares Product Update

iShares Releases Capital Gains Estimates

On November 13th, iShares released capital gains distribution estimates for 2017. This year, ~95% of iShares ETFs are not expected to distribute capital gains. iShares is only paying capital gains on 17 ETFs, which represents ~5% of total funds.

Of particular note:

  1. 100% of iShares Core ETFs are not paying capital gains, excluding the Core Allocation funds
  2. 100% of iShares U.S. equity style-box ETFs are not paying capital gains
  3. Nearly 95% of iShares fixed income ETFs are not paying capital gains

For more details view the 2017 Estimated Capital Gains Distributions

 


October 18, 2017 – iShares Product Update

Share Split for Two iShares Funds

The Board of Trustees for iShares Trust has authorized a share split for the iShares California Muni Bond ETF (ticker: CMF) and the iShares New York Muni Bond ETF (ticker: NYF) for shareholders of record as of the close of business on October 17th, 2017, payable after the close of trading on October 18th, 2017.

Please refer to the chart below for information regarding these share splits.

Fund NameTickerExpense RatioIndex NameProposed Forward
Split Ratio
iShares California Muni Bond ETF CMF 0.25% S&P California AMT-Free Municipal Bond Index 2 for 1
iShares New York Muni Bond ETF NYF 0.25% S&P New York AMT-Free Municipal Bond Index 2 for 1

 


September 1, 2017 – iShares Product Update

BlackRock Announces Index Changes on Three iShares ETFs

Effective September 1st, three iShares MSCI funds are undergoing benchmark changes to the capped version for RIC diversification purposes – the iShares MSCI Netherlands ETF (ticker: EWN), the iShares MSCI South Africa ETF (ticker: EZA) and the iShares MSCI Canada ETF (ticker: EWC). For further details on this change, please reference the chart below as well as the press release.

Additionally, the iShares® iBonds® Sep 2017 Term Muni Bond ETF (ticker: IBMF) is closing today in accordance with its prospectus and investment objective.

Fund NameTickerExpense RatioCurrent Underlying IndexNew Underlying Index
iShares MSCI Netherlands ETF EWN 0.48% MSCI Netherlands Investable Market Index MSCI Netherlands IMI 25/50 Index
iShares MSCI South Africa ETF EZA 0.64% MSCI South Africa Index MSCI South Africa 25/50 Index
iShares MSCI Canada ETF EWC 0.48% MSCI Canada Index MSCI Canada Custom Capped Index


August 31, 2017 – iShares Product Update

Share Split for the iShares International Treasury Bond ETF

The Board of Trustees for iShares Trust has authorized a share split for the iShares International Treasury Bond ETF (ticker: IGOV) for shareholders of record as of the close of business on August 28th, 2017, payable after the close of trading on August 30th, 2017.

Fund NameTickerExpense RatioIndex NameProposed Forward Split Ratio
iShares International Treasury Bond ETF IGOV 0.35% S&P/Citigroup International Treasury Bond Index Ex-US 2 for 1


August 4, 2017 – iShares Product Update

iShares Fee Cuts

iShares has reduced the fees for 12 ETFs as part of the continual review of our lineup to ensure we offer quality exposures at competitive prices to meet the needs of our clients. Please reference the chart below for full details.

CategoryFund NameTickerCurrent Expense RatioNew Expense Ratio
U.S. Fixed Income iShares 0-5 Year TIPS Bonds ETF STIP 0.10% 0.06%
iShares 0-5 Year Investment Grade Corp. Bond ETF SLQD 0.08% 0.06%
iShares Fallen Angels USD Bond ETF FALN 0.35% 0.25%
iShares MBS ETF* MBB 0.27% 0.09%
Core Fixed Income iShares Core Total USD Bond Market ETF IUSB 0.08% 0.06%
iShares 1-5 Year USD Bond ETF ISTB 0.08% 0.06%
iShares Core 5-10 Year USD Bond ETF IMTB 0.08% 0.06%
iShares Core 10+ Year USD Bond ETF ILTB 0.08% 0.06%
iShares Core International Aggregate Bond ETF IAGG 0.11% 0.09%
U.S. & International Equities iShares MSCI EAFE ESG Optimized ETF ESGD 0.40% 0.20%
iShares MSCI EM ESG Optimized ETF ESGE 0.45% 0.25%
iShares MSCI USA ESG Optimized ETF ESGU 0.28% 0.15%

* Note: MBB price cut occurred on 7/13/17

August 1, 2017 – iShares Product Update

iShares Transitions Primary Listing Venue for 50 iShares ETFs

As previously reported, iShares has transitioned the primary listing exchange for 50 iShares ETFs effective August 2nd, please reference the press release.

NYSE to Bats

TickerNameFormer ExchangeNew Exchange
ACWV iShares Edge MSCI Min Vol Global ETF NYSE Arca Bats
ECH iShares MSCI Chile Capped ETF NYSE Arca Bats
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF NYSE Arca Bats
EFAV iShares Edge MSCI Min Vol EAFE ETF NYSE Arca Bats
EFG iShares MSCI EAFE Growth ETF NYSE Arca Bats
EFV iShares MSCI EAFE Value ETF NYSE Arca Bats
FLOT iShares Floating Rate Bond ETF NYSE Arca Bats
GOVT iShares U.S. Treasury Bond ETF NYSE Arca Bats
GVI iShares Intermediate Government/Credit Bond ETF NYSE Arca Bats
HEEM iShares Currency Hedged MSCI Emerging Markets ETF NYSE Arca Bats
HEFA iShares Currency Hedged MSCI EAFE ETF NYSE Arca Bats
ICF iShares Cohen & Steers REIT ETF NYSE Arca Bats
IDV iShares International Select Dividend ETF NYSE Arca Bats
IEFA iShares Core MSCI EAFE ETF NYSE Arca Bats
IEO iShares U.S. Oil & Gas Exploration & Production ETF NYSE Arca Bats
IGE iShares North American Natural Resources ETF NYSE Arca Bats
IGV iShares North American Tech-Software ETF NYSE Arca Bats
IPFF iShares International Preferred Stock ETF NYSE Arca Bats
ITA iShares U.S. Aerospace & Defense ETF NYSE Arca Bats
ITB iShares U.S. Home Construction ETF NYSE Arca Bats
IYJ iShares U.S. Industrials ETF NYSE Arca Bats
IYT iShares Transportation Average ETF NYSE Arca Bats
IYZ iShares U.S. Telecommunications ETF NYSE Arca Bats
MTUM iShares Edge MSCI USA Momentum Factor ETF NYSE Arca Bats
PICK iShares MSCI Global Metals & Mining Producers ETF NYSE Arca Bats
QUAL iShares Edge MSCI USA Quality Factor ETF NYSE Arca Bats
REM iShares Mortgage Real Estate Capped ETF NYSE Arca Bats
SLVP iShares MSCI Global Silver Miners ETF NYSE Arca Bats
USMV iShares Edge MSCI Min Vol USA ETF NYSE Arca Bats
VLUE iShares Edge MSCI USA Value Factor ETF NYSE Arca Bats


NYSE to Nasdaq

TickerNameFormer ExchangeNew Exchange
CIU iShares Intermediate Credit Bond ETF NYSE Arca Nasdaq
CRED iShares U.S. Credit Bond ETF NYSE Arca Nasdaq
CSJ iShares 1-3 Year Credit Bond ETF NYSE Arca Nasdaq
DVY iShares Select Dividend ETF NYSE Arca Nasdaq
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF NYSE Arca Nasdaq
HEWG iShares Currency Hedged MSCI Germany ETF NYSE Arca Nasdaq
IEF Shares 7-10 Year Treasury Bond ETF NYSE Arca Nasdaq
IEI iShares 3-7 Year Treasury Bond ETF NYSE Arca Nasdaq
IJT iShares S&P Small-Cap 600 Growth ETF NYSE Arca Nasdaq
ISTB iShares Core 1-5 Year USD Bond ETF NYSE Arca Nasdaq
IUSB iShares Core Total USD Bond Market ETF NYSE Arca Nasdaq
IUSG iShares Core S&P U.S. Growth ETF NYSE Arca Nasdaq
IUSV iShares Core S&P U.S. Value ETF NYSE Arca Nasdaq
MBB iShares MBS ETF NYSE Arca Nasdaq
PFF iShares U.S. Preferred Stock ETF NYSE Arca Nasdaq
RING iShares MSCI Global Gold Miners ETF NYSE Arca Nasdaq
SHV iShares Short Treasury Bond ETF NYSE Arca Nasdaq
SHY iShares 1-3 Year Treasury Bond ETF NYSE Arca Nasdaq
TUR iShares MSCI Turkey ETF NYSE Arca Nasdaq
XT iShares Exponential Technologies ETF NYSE Arca Nasdaq

back to top

 


July 13, 2017 – iShares Product Update

iShares Ticker/Fee Changes

Effective July 13th, two of our funds will be undergoing updates.

Fund NameTickerOld Expense RatioNew Expense RatioIndex NameExchange
iShares MBS ETF MBB 0.28% 0.09%* Bloomberg Barclays US Mortgage Backed Securities Index NYSE Arca

 

Fund NameOld TickerNew TickerExpense RatioIndex NameExchange
iShares MSCI USA ESG Select ETF KLD SUSA 0.50% MSCI USA ESG Select Index NYSE Arca


* Contractual fee waivers are in place until 2/28/2023. Gross expense ratio is 0.12%.

June 1, 2017 – iShares Product Update

Effective June 1st, the iShares Emerging Markets Corporate Bond ETF (CEMB) and the iShares Emerging Markets Local Currency Bond ETF (LEMB) underwent benchmark changes. For full details, please reference the chart below as well as the attached index comparison piece. Please note that there will be no changes to either of the funds expense ratios.

Current Fund NameTickerNew Fund NameCurrent Index NameNew Index Name
iShares Emerging Markets Corporate Bond ETF CEMB iShares J.P. Morgan EM Corporate Bond ETD Morningstar Emerging Markets Corporate Bond Index J.P. Morgan CEMBI Broad Diversified Core Index
iShares Emerging Markets Local Bond ETF LEMB iShares J.P. Morgan EM Local Currency Bond ETF Bloomberg Barclays Emerging Markets Broad Local Currency Bond Index J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index

back to top

Due Diligence Team

Dominic Maister

Dominic Maister
Managing Director

212-810-8557
Email

Grant Einhorn

Grant Einhorn
Director

415-670-4634
Email

Kathryn Bernhardt

Kathryn Bernhardt
Director

212-810-8218
Email

Craig Dehner

Craig Dehner
Director

415-670-6810
Email

Sara Prager

Sara Prager
Vice President

646-231-1984
Email

Avyay Gollabinnie

Avyay Gollabinnie
Associate

415-670-2956
Email

Lauren Miller

Lauren Miller
Associate

646-231-0304
Email

Alex Dorado

Alex Dorado
Associate

415-670-2084
Email

iShares Tools

Compare, track and review ETF performance.

The Blog

Searching for Yield Down Under

The persistence of low yields has had investors searching for income high and low for a while now. Recently, investors are expanding their hunt to some less than obvious places.

Bond Buyers Guide to ETFs

Must read! Our new favorite resource is a comprehensive guide for investors using bond ETFs. From basic to advanced content, we expect this to be a terrific resource for all ETF due diligence professionals.

Download the Bond Buyers Guide to ETFs

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Barclays, Bloomberg Finance L.P., BlackRock Index Services, LLC, Cohen & Steers Capital Management, Inc., European Public Real Estate Association (“EPRA® ”), FTSE International Limited (“FTSE”), ICE Data Services, LLC, India Index Services & Products Limited, JPMorgan Chase & Co., Japan Exchange Group, MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts (“NAREIT”), New York Stock Exchange, Inc., Russell or S&P Dow Jones Indices LLC. None of these companies make any representation regarding the advisability of investing in the Funds. With the exception of BlackRock Index Services, LLC, who is an affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above.


Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Equity REITS Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index or FTSE EPRA/NAREIT Global REIT Index; all rights vest in FTSE, NAREIT and EPRA.“FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under license.

©2018 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

iS-11778