Equity

FM

iShares MSCI Frontier and Select EM ETF

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  • NAV as of Jan 27, 2023 $26.47
    52 WK: 23.54 - 34.63
  • 1 Day NAV Change as of Jan 27, 2023 -0.17 (-0.62%)
  • NAV Total Return as of Jan 27, 2023 YTD: 5.99%
  • Fees as stated in the prospectus Expense Ratio: 0.80%

Overview

Why FM?

1. Exposure to frontier market stocks and smaller size emerging market stocks with an emphasis on tradability and investability of the underlying constituents

 

2. Gain easy access to a virtually untapped investment opportunity

 

3. Use to seek long-term growth and diversification

INVESTMENT OBJECTIVE

The iShares MSCI Frontier and Select EM ETF seeks to track the investment results of an index composed primarily of frontier market equities along with select emerging market equities.

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Performance

Performance

Growth of Hypothetical $10,000

Performance chart data not available for display.
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The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

Record Date Ex-Date Payable Date
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Distributions Schedule
Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

Premium/Discount

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  1y 3y 5y 10y Incept.
Total Return (%)

as of Dec 31, 2022

-25.93 -3.59 -2.77 2.89 3.36
Market Price (%)

as of Dec 31, 2022

-24.39 -3.22 -2.27 2.76 3.57
Benchmark (%)

as of Dec 31, 2022

-23.39 -0.78 -0.74 4.69 5.15
After Tax Pre-Liq. (%)

as of Dec 31, 2022

-26.52 -4.35 -3.66 1.88 2.37
After Tax Post-Liq. (%)

as of Dec 31, 2022

-15.16 -2.83 -2.24 2.09 2.48
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%)

as of Dec 31, 2022

-25.93 -2.33 2.05 -7.13 -25.93 -10.38 -13.10 32.99 40.62
Market Price (%)

as of Dec 31, 2022

-24.39 -2.94 4.92 -4.75 -24.39 -9.36 -10.83 31.24 43.51
Benchmark (%)

as of Dec 31, 2022

-23.39 -1.23 2.10 -4.76 -23.39 -2.32 -3.63 58.21 67.77
After Tax Pre-Liq. (%)

as of Dec 31, 2022

-26.52 -2.43 1.94 -7.23 -26.52 -12.49 -17.02 20.43 27.35
After Tax Post-Liq. (%)

as of Dec 31, 2022

-15.16 -1.35 1.24 -4.20 -15.16 -8.24 -10.73 22.96 28.66
  2018 2019 2020 2021 2022
Total Return (%) -17.46 17.47 -1.31 22.61 -25.93
Market Price (%) -17.85 19.77 -3.59 24.35 -24.39
Benchmark (%) -16.98 18.84 1.86 25.18 -23.39
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

The ETF total return may appear to diverge from the return of its benchmark. This may be due to the use of systematic fair value. Click here for more information

The ETF total return is based on the ETF’s net asset value, which uses systematic fair value to price certain foreign assets as of 4:00 p.m. Eastern time (when foreign markets may be closed). The benchmark return uses local market closing prices which may differ from systematic fair value prices. This difference may result in divergence of ETF total return and benchmark return. For more information, please consult the fund’s prospectus. Institutional Non-Fair Value Impact Report

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Key Facts

Key Facts

Net Assets of Fund as of Jan 27, 2023 $697,354,499
Fund Inception Sep 12, 2012
Exchange NYSE Arca
Asset Class Equity
Benchmark Index MSCI Frontier and Emerging Markets Select Index
Bloomberg Index Ticker NR736471
Shares Outstanding as of Jan 27, 2023 26,350,000
Distribution Frequency Semi-Annual
Premium/Discount as of Jan 27, 2023 0.85
CUSIP 464286145
Closing Price as of Jan 27, 2023 26.69
Non-FV NAV as of Jan 27, 2023 26.45
30 Day Avg. Volume as of Jan 27, 2023 417,458.00
30 Day Median Bid/Ask Spread as of Jan 27, 2023 0.08%
Daily Volume as of Jan 27, 2023 510,191.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 27, 2023 175
Equity Beta (3y) as of Dec 31, 2022 0.71
30 Day SEC Yield as of Dec 31, 2022 3.17%
12m Trailing Yield as of Dec 31, 2022 2.76%
Standard Deviation (3y) as of Dec 31, 2022 19.69%
P/E Ratio as of Jan 27, 2023 9.71
P/B Ratio as of Jan 27, 2023 1.60
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Jan 27, 2023 0.00%
MSCI - UN Global Compact Violators as of Jan 27, 2023 0.00%
MSCI - Nuclear Weapons as of Jan 27, 2023 0.00%
MSCI - Thermal Coal as of Jan 27, 2023 0.15%
MSCI - Civilian Firearms as of Jan 27, 2023 0.00%
MSCI - Oil Sands as of Jan 27, 2023 0.00%
MSCI - Tobacco as of Jan 27, 2023 0.73%
Business Involvement Coverage as of Jan 27, 2023 99.85%
Percentage of Fund not covered as of Jan 27, 2023 0.15%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.65% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Fees

Fees

as of current prospectus
Management Fee 0.79%
Acquired Fund Fees and Expenses 0.00%
Other Expenses 0.01%
Expense Ratio 0.80%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Holdings

Holdings

Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Shares CUSIP ISIN SEDOL Price Location Exchange Currency FX Rate Accrual Date
Detailed Holdings and Analytics
Holdings are subject to change.

For further information, please refer to the "detailed holdings with fair value pricing" file in the Literature section.

The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Jan 27, 2023

% of Market Value

Type Fund
as of Jan 27, 2023

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product's total holdings, excluding currency holdings. Percentages do not reflect fair valuation. In some instances, percentages may reflect the location where the issuer of the securities carries out much of their business. Bonds are included in U.S. bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer.
Allocations are subject to change.

Literature

Literature

 

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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 ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.

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

©2019 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, 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.

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