As filed with the U.S. Securities and Exchange Commission on April 20, 2015
File Nos. 333-92935 and 811-09729
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933 | x | |||
Post-Effective Amendment No. 1,404 | x |
and/or
REGISTRATION STATEMENT
UNDER
THE INVESTMENT COMPANY ACT OF 1940 | x | |||
Amendment No. 1,404 | x | |||
(Check appropriate box or boxes) |
iShares Trust
(Exact Name of Registrant as Specified in Charter)
c/o State Street Bank and Trust Company
1 Iron Street
Boston, MA 02210
(Address of Principal Executive Office)(Zip Code)
Registrants Telephone Number, including Area Code: (415) 670-2000
The Corporation Trust Company
1209 Orange Street
Wilmington, DE 19801
(Name and Address of Agent for Service)
With Copies to:
MARGERY K. NEALE, ESQ. WILLKIE FARR & GALLAGHER LLP 787 SEVENTH AVENUE NEW YORK, NY 10019-6099 |
EDWARD BAER, ESQ. BLACKROCK FUND ADVISORS 400 HOWARD STREET SAN FRANCISCO, CA 94105 |
It is proposed that this filing will become effective (check appropriate box):
¨ | Immediately upon filing pursuant to paragraph (b) |
x | On April 20, 2015 pursuant to paragraph (b) |
¨ | 60 days after filing pursuant to paragraph (a)(1) |
¨ | On (date) pursuant to paragraph (a)(1) |
¨ | 75 days after filing pursuant to paragraph (a)(2) |
¨ | On (date) pursuant to paragraph (a)(2) |
If appropriate, check the following box:
¨ | This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
2015 Prospectus |
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► | iShares FactorSelect MSCI Global ETF | ACWF | NYSE ARCA |
Ticker: ACWF | Stock Exchange: NYSE Arca |
Annual
Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investments) | ||||||||||||
Management
Fees |
Distribution
and Service (12b-1) Fees |
Other
Expenses |
Acquired
Fund Fees and Expenses |
Total
Annual Fund Operating Expenses |
Fee Waiver | Total
Annual Fund Operating Expenses After Fee Waiver | ||||||
0.50% | None | None | 0.01% | 0.51% | (0.01)% | 0.50% |
1 Year | 3 Years | ||||
$51 | $160 |
■ | Lower levels of liquidity and market efficiency; |
■ | Greater securities price volatility; |
■ | Exchange rate fluctuations and exchange controls; |
■ | Less availability of public information about issuers; |
■ | Limitations on foreign ownership of securities; |
■ | Imposition of withholding or other taxes; |
■ | Imposition of restrictions on the expatriation of the funds or other assets of the Fund; |
■ | Higher transaction and custody costs and delays in settlement procedures; |
■ | Difficulties in enforcing contractual obligations; |
■ | Lower levels of regulation of the securities markets; |
■ | Weaker accounting, disclosure and reporting requirements; and |
■ | Legal principles relating to corporate governance, directors’ fiduciary duties and liabilities and stockholders’ rights in markets in which the Fund invests may differ and/or may not be as extensive or protective as those that apply in the United States. |
Approximate
Value of a Creation Unit |
Creation
Unit Size |
Standard
Creation/ Redemption Transaction Fee |
Maximum
Additional Charge for Creations* |
Maximum
Additional Charge for Redemptions* | ||||
$2,500,000 | 100,000 | $7,000 | 3.0% | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive, in the case of redemptions, of the standard redemption transaction fee. |
Call: | 1-800-iShares
or 1-800-474-2737 (toll free) Monday through Friday, 8:30 a.m. to 6:30 p.m. (Eastern time) |
Email: | iSharesETFs@blackrock.com |
Write: | c/o
BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |
Fund | Ticker | Stock Exchange | ||
iShares FactorSelect MSCI Global ETF (the “Fund”) | ACWF | NYSE Arca |
• | The Fund generally supports the board’s nominees in the election of directors and generally supports proposals that strengthen the independence of boards of directors; |
• | When a director has committed himself or herself to service on more than four public company boards (but no more than six public company boards in most circumstances), the Fund will consider such director’s individual circumstances in determining whether the director will be able to commit sufficient focus and time to a particular company; |
• | The Fund generally defers to an issuer’s choice of auditors so long as the corporate auditors represent the interests of shareholders and provide an independent view of the propriety of financial reporting decisions of management; |
• | The Fund generally favors disclosure of a company’s compensation and benefits policies and opposes excessive compensation, but believes that compensation matters are normally best determined by a company’s board of directors; |
• | The Fund generally expects to support capital structure requests that it believes enhance the rights of common shareholders and oppose requests that appear to be unreasonably dilutive; |
• | The Fund generally does not support proposals on social issues that lack a demonstrable economic benefit to the issuer and the Fund investing in such issuer; and |
• | The Fund generally votes against anti-takeover proposals and proposals that would create additional barriers or costs to corporate transactions that are likely to deliver a premium to shareholders. |
1. | Concentrate its investments in a particular industry, as that term is used in the Investment Company Act. Except that the Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of a particular industry or group of industries. |
2. | Borrow money, except as permitted under the Investment Company Act. |
3. | Issue senior securities to the extent such issuance would violate the Investment Company Act. |
4. | Purchase or hold real estate, except the Fund may purchase and hold securities or other instruments that are secured by, or linked to, real estate or interests therein, securities of real estate investment trusts, mortgage-related securities and securities of issuers engaged in the real estate business, and the Fund may purchase and hold real estate as a result of the ownership of securities or other instruments. |
5. | Underwrite securities issued by others, except to the extent that the sale of portfolio securities by the Fund may be deemed to be an underwriting or as otherwise permitted by applicable law. |
6. | Purchase or sell commodities or commodity contracts, except as permitted by the Investment Company Act. |
7. | Make loans to the extent prohibited by the Investment Company Act. |
a. | Purchase securities of other investment companies, except to the extent permitted by the Investment Company Act. As a matter of policy, however, the Fund will not purchase shares of any registered open-end investment company or registered unit investment trust, in reliance on Section 12(d)(1)(F) or (G) (the “fund of funds” provisions) of the Investment Company Act, at any time the Fund has knowledge that its shares are purchased by another investment company investor in reliance on the provisions of subparagraph (G) of Section 12(d)(1). |
b. | Make short sales of securities or maintain a short position, except to the extent permitted by the Fund’s Prospectus and Statement of Additional Information, as amended from time to time, and applicable law. |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years |
Other
Directorships Held by Trustee | |||
Robert
S. Kapito1 (58) |
Trustee
(since 2009). |
President and Director, BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock, Inc.’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002); President of the Board of Directors, Periwinkle Theatre for Youth (since 1983). | Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011); Director of BlackRock, Inc. (since 2006). | |||
Mark
Wiedman2 (44) |
Trustee (since 2013). | Managing Director, BlackRock, Inc. (since 2007); Global Head of iShares (since 2011); Head of Corporate Strategy, BlackRock, Inc. (2009-2011). | Trustee of iShares Trust (since 2013); Trustee of iShares U.S. ETF Trust (since 2013); Director of PennyMac Financial Services, Inc. (since 2008). |
1 | Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. |
2 | Mark Wiedman is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years |
Other
Directorships Held by Trustee | |||
Robert
H. Silver (59) |
Trustee
(since 2007); Independent Chairman (since 2012). |
President and Co-Founder of The Bravitas Group, Inc. (since 2006); Director and Vice Chairman of the YMCA of Greater NYC (2001-2011); Broadway Producer (2006-2011); Co-Founder and Vice President of Parentgiving Inc. (since 2008); Director and Member of the Audit and Compensation Committee of EPAM Systems, Inc. (2006-2009); President and Chief Operating Officer of UBS Financial Services Inc. (formerly Paine Webber Inc.) (2003-2005) and various executive positions with UBS and its affiliates (1988-2005); CPA and Audit Manager of KPMG, LLP (formerly Peat Marwick Mitchell) (1977-1983). | Director of iShares, Inc. (since 2007); Trustee of iShares U.S. ETF Trust (since 2011); Independent Chairman of iShares, Inc. and iShares U.S. ETF Trust (since 2012). |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years |
Other
Directorships Held by Trustee | |||
John
E. Martinez (53) |
Trustee
(since 2003); Securities Lending Committee Chair (since 2012). |
Director of FirstREX Agreement Corp. (formerly EquityRock, Inc.) (since 2005). | Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Cecilia
H. Herbert (66) |
Trustee
(since 2005); Nominating and Governance Committee Chair and Equity Plus Committee Chair (since 2012). |
Director (1998-2013) and President (2007-2011) of the Board of Directors, Catholic Charities CYO; Trustee (2002-2011) and Chair of the Finance and Investment Committee (2006-2010) of the Thacher School; Member (since 1992) and Chair (1994-2005) of the Investment Committee, Archdiocese of San Francisco; Trustee and Member of the Investment Committee, WNET, the New York public broadcasting/media company (since 2011). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Director of Forward Funds (34 portfolios) (since 2009). | |||
Charles
A. Hurty (71) |
Trustee
(since 2005); Audit Committee Chair (since 2006). |
Retired; Partner, KPMG LLP (1968-2001). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Director of GMAM Absolute Return Strategy Fund (1 portfolio) (since 2002); Director of SkyBridge Alternative Investments Multi-Adviser Hedge Fund Portfolios LLC (2 portfolios) (since 2002). | |||
John
E. Kerrigan (59) |
Trustee
(since 2005); Fixed Income Plus Committee Chair (since 2012). |
Chief Investment Officer, Santa Clara University (since 2002). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Madhav
V. Rajan (50) |
Trustee
(since 2011); 15(c) Committee Chair (since 2012). |
Robert K. Jaedicke Professor of Accounting and Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (since 2001); Professor of Law (by courtesy), Stanford Law School (since 2005); Visiting Professor, University of Chicago (2007-2008). | Director
of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011); Director, Cavium, Inc. (since 2013). | |||
Jane
D. Carlin (59) |
Trustee
(since 2015). |
Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley Group (2006-2012). | Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Director of PHH Corporation (mortgage solutions) (since 2012). |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years | ||
Manish
Mehta (44) |
President (since 2013). | Managing Director, BlackRock, Inc. (since 2009); Chief Operating Officer for iShares (since 2009); Head of Strategy and Corporate Development, BGI (2005-2009); Chief of Staff to the CEO, BGI (2005-2009). | ||
Jack
Gee (55) |
Treasurer
and Chief Financial Officer (since 2008). |
Managing Director, BlackRock, Inc. (since 2009); Senior Director of Fund Administration of Intermediary Investor Business, BGI (2009); Director of Fund Administration of Intermediary Investor Business, BGI (2004-2009). | ||
Charles
Park (47) |
Chief Compliance Officer (since 2006). | Chief Compliance Officer of BlackRock Advisors, LLC and the BlackRock-advised Funds in the Equity-Bond Complex, the Equity-Liquidity Complex and the Closed-End Complex (since 2014); Principal of and Chief Compliance Officer for iShares® Delaware Trust Sponsor LLC (since 2012) and BFA (since 2006); Chief Compliance Officer for BlackRock Asset Management International Inc. (since 2012). | ||
Eilleen
M. Clavere (62) |
Secretary
(since 2007). |
Director of Global Fund Administration, BlackRock, Inc. (since 2009); Director of Legal Administration of Intermediary Investor Business, BGI (2006-2009); Legal Counsel and Vice President of Atlas Funds, Atlas Advisers, Inc. and Atlas Securities, Inc. (2005-2006); Counsel at Kirkpatrick & Lockhart LLP (2001-2005). | ||
Edward
B. Baer (46) |
Vice
President and Chief Legal Officer (since 2012). |
Managing Director of Legal & Compliance, BlackRock, Inc. (since 2006); Director of Legal & Compliance, BlackRock, Inc. (2004-2006). | ||
Scott
Radell (46) |
Executive
Vice President (since 2012). |
Managing Director, BlackRock, Inc. (since 2009); Head of Portfolio Solutions, BlackRock, Inc. (since 2009); Head of Portfolio Solutions, BGI (2007-2009); Credit Portfolio Manager, BGI (2005-2007); Credit Research Analyst, BGI (2003-2005). |
Name (Age) | Position | Principal
Occupation(s) During the Past 5 Years | ||
Amy
Schioldager (52) |
Executive
Vice President (since 2007). |
Senior Managing Director, BlackRock, Inc. (since 2009); Global Head of Index Equity, BGI (2008-2009); Global Head of U.S. Indexing, BGI (2006-2008); Head of Domestic Equity Portfolio Management, BGI (2001-2006). | ||
Ira
P. Shapiro (51) |
Vice
President (since 2007). |
Managing Director, BlackRock, Inc. (since 2009); Head of Strategic Product Initiatives for iShares (since 2012); Chief Legal Officer, Exchange-Traded Fund Complex (2007-2012); Associate General Counsel, BGI (2004-2009). |
Name of Trustee | Fund | Dollar
Range of Equity Securities in the Fund |
Aggregate
Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
Robert S. Kapito | None | None | None | |||
Mark Wiedman | iShares Core MSCI EAFE ETF | $50,001-$100,000 | Over $100,000 | |||
iShares Core MSCI Emerging Markets ETF | $50,001-$100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $50,001-$100,000 | |||||
Robert H. Silver | iShares Core High Dividend ETF | Over $100,000 | Over $100,000 | |||
iShares Core MSCI EAFE ETF | Over $100,000 |
Name of Trustee | Fund | Dollar
Range of Equity Securities in the Fund |
Aggregate
Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | Over $100,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P Mid-Cap ETF | Over $100,000 | |||||
iShares Core S&P Small-Cap ETF | Over $100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | Over $100,000 | |||||
iShares Global Energy ETF | Over $100,000 | |||||
iShares Global Tech ETF | $50,001-$100,000 | |||||
iShares iBonds Sep 2015 AMT-Free Muni Bond ETF | Over $100,000 | |||||
iShares iBonds Sep 2016 AMT-Free Muni Bond ETF | Over $100,000 | |||||
iShares iBonds Sep 2017 AMT-Free Muni Bond ETF | Over $100,000 | |||||
iShares iBonds Sep 2018 AMT-Free Muni Bond ETF | Over $100,000 | |||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | Over $100,000 | |||||
iShares International Developed Real Estate ETF | $1-$10,000 | |||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | $1-$10,000 | |||||
iShares MSCI ACWI ex U.S. ETF | $1-$10,000 | |||||
iShares MSCI China ETF | Over $100,000 | |||||
iShares MSCI EAFE ETF | Over $100,000 | |||||
iShares MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares MSCI EMU ETF | Over $100,000 | |||||
iShares MSCI Frontier 100 ETF | Over $100,000 | |||||
iShares Nasdaq Biotechnology ETF | $50,001-$100,000 | |||||
iShares National AMT-Free Muni Bond ETF | Over $100,000 | |||||
iShares Russell 1000 Growth ETF | Over $100,000 | |||||
iShares Russell 1000 Value ETF | Over $100,000 | |||||
iShares Russell 2000 ETF | $10,001-$50,000 | |||||
iShares Russell 2000 Growth ETF | Over $100,000 | |||||
iShares Russell 2000 Value ETF | Over $100,000 | |||||
iShares Russell Mid-Cap Growth ETF | $1-$10,000 | |||||
iShares Russell Mid-Cap Value ETF | $1-$10,000 | |||||
iShares S&P 100 ETF | $50,001-$100,000 | |||||
iShares Select Dividend ETF | $10,001-$50,000 | |||||
iShares U.S. Broker-Dealers ETF | Over $100,000 |
Name of Trustee | Fund | Dollar
Range of Equity Securities in the Fund |
Aggregate
Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares U.S. Financial Services ETF | $50,001-$100,000 | |||||
iShares U.S. Preferred Stock ETF | Over $100,000 | |||||
iShares U.S. Regional Banks ETF | Over $100,000 | |||||
iShares U.S. Technology ETF | Over $100,000 | |||||
John E. Martinez | iShares Core MSCI Emerging Markets ETF | $50,001-$100,000 | Over $100,000 | |||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P Mid-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Small-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $1-$10,000 | |||||
iShares Global Consumer Staples ETF | Over $100,000 | |||||
iShares MSCI All Country Asia ex Japan ETF | Over $100,000 | |||||
iShares MSCI EAFE ETF | Over $100,000 | |||||
iShares Russell 1000 ETF | Over $100,000 | |||||
iShares Russell 1000 Value ETF | Over $100,000 | |||||
iShares Russell 2000 ETF | Over $100,000 | |||||
Cecilia H. Herbert | iShares China Large-Cap ETF | Over $100,000 | Over $100,000 | |||
iShares Core Dividend Growth ETF | $10,001-$50,000 | |||||
iShares Core MSCI Emerging Markets ETF | $10,001-$50,000 | |||||
iShares Core MSCI Total International Stock ETF | $10,001-$50,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | $10,001-$50,000 | |||||
iShares Core U.S. Growth ETF | $10,001-$50,000 | |||||
iShares Core U.S. Value ETF | $10,001-$50,000 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | $10,001-$50,000 | |||||
iShares International Select Dividend ETF | $1-$10,000 | |||||
iShares MSCI EAFE ETF | $1-$10,000 | |||||
iShares MSCI Emerging Markets ETF | $1-$10,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares National AMT-Free Muni Bond ETF | $10,001-$50,000 | |||||
Charles A. Hurty | iShares China Large-Cap ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core High Dividend ETF | $10,001-$50,000 | |||||
iShares Core MSCI Emerging Markets ETF | $50,001-$100,000 | |||||
iShares Core S&P 500 ETF | $10,001-$50,000 | |||||
iShares Global Energy ETF | $10,001-$50,000 | |||||
iShares Global Healthcare ETF | $10,001-$50,000 |
Name of Trustee | Fund | Dollar
Range of Equity Securities in the Fund |
Aggregate
Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Global Tech ETF | $10,001-$50,000 | |||||
iShares MSCI EAFE ETF | $10,001-$50,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares MSCI USA Value Factor ETF | $10,001-$50,000 | |||||
iShares North American Tech-Multimedia Networking ETF | $1-$10,000 | |||||
iShares Russell 2000 ETF | $10,001-$50,000 | |||||
iShares Select Dividend ETF | $1-$10,000 | |||||
iShares U.S. Basic Materials ETF | $10,001-$50,000 | |||||
iShares U.S. Energy ETF | $10,001-$50,000 | |||||
iShares U.S. Financials ETF | $1-$10,000 | |||||
iShares U.S. Technology ETF | $50,001-$100,000 | |||||
John E. Kerrigan | iShares MSCI ACWI ETF | $10,001-$50,000 | Over $100,000 | |||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares Short-Term National AMT-Free Muni Bond ETF | Over $100,000 | |||||
Madhav V. Rajan | iShares Core Dividend Growth ETF | Over $100,000 | Over $100,000 | |||
iShares Core High Dividend ETF | Over $100,000 | |||||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares iBoxx $ High Yield Corporate Bond ETF | Over $100,000 | |||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | Over $100,000 | |||||
iShares Russell 2000 ETF | Over $100,000 | |||||
iShares Select Dividend ETF | Over $100,000 | |||||
Jane D. Carlin1 | iShares Core MSCI EAFE ETF | $10,001-$50,000 | Over $100,000 | |||
iShares Core S&P Small-Cap ETF | $10,001-$50,000 | |||||
iShares Global Tech ETF | $50,001-$100,000 |
1 | Appointed to serve as an Independent Trustee effective February 3, 2015. |
Name of Trustee | iShares
FactorSelect MSCI Global ETF |
Pension
or Retirement Benefits Accrued As Part of Trust Expenses1 |
Estimated
Annual Benefits Upon Retirement1 |
Total
Compensation From the Fund and Fund Complex2 | ||||
Independent Trustee:3 | ||||||||
Robert H. Silver | $0 | Not Applicable | Not Applicable | $ 350,000 | ||||
George G.C. Parker4 | 0 | Not Applicable | Not Applicable | 300,000 | ||||
John E. Kerrigan | 0 | Not Applicable | Not Applicable | 326,807 | ||||
Charles A. Hurty | 0 | Not Applicable | Not Applicable | 340,000 | ||||
Cecilia H. Herbert | 0 | Not Applicable | Not Applicable | 330,000 | ||||
John E. Martinez | 0 | Not Applicable | Not Applicable | 315,000 | ||||
Madhav V. Rajan | 0 | Not Applicable | Not Applicable | 326,772 | ||||
Interested Trustee: | ||||||||
Robert S. Kapito | $0 | Not Applicable | Not Applicable | $ 0 | ||||
Mark Wiedman | 0 | Not Applicable | Not Applicable | 0 |
1 | No Trustee or officer is entitled to any pension or retirement benefits from the Trust. |
2 | Includes compensation for service on the Board of Trustees of iShares U.S. ETF Trust and the Boards of Directors of iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
3 | Compensation is not shown for Jane D. Carlin because she was appointed to serve as an Independent Trustee of the Trust effective February 3, 2015. |
4 | Served as an Independent Trustee through December 31, 2014. |
Matthew Goff | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 245 | $620,755,476,426 | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 2 | 173,981,209 |
Matthew Goff | ||||
Types of Accounts | Number | Total Assets | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Diane Hsiung | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 221 | $604,182,968,808 | ||
Other Pooled Investment Vehicles | 17 | 5,908,798,195 | ||
Other Accounts | 4 | 17,589,421 | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Jennifer Hsui | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 228 | $605,695,663,985 | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Greg Savage | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 317 | $717,777,587,563 | ||
Other Pooled Investment Vehicles | 90 | 33,767,419,390 | ||
Other Accounts | 3 | 180,187,061 | ||
Accounts with Incentive-Based Fee Arrangements | 0 | N/A |
Matthew Goff | ||||
Types of Accounts | Number
of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate
of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Diane Hsiung | ||||
Types of Accounts | Number
of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate
of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Jennifer Hsui | ||||
Types of Accounts | Number
of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate
of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Greg Savage | ||||
Types of Accounts | Number
of Other Accounts with Performance Fees Managed by Portfolio Manager |
Aggregate
of Total Assets | ||
Registered Investment Companies | 0 | N/A | ||
Other Pooled Investment Vehicles | 0 | N/A | ||
Other Accounts | 0 | N/A |
Shares
Per Creation Unit |
Value
Per Creation Unit (U.S.$) | |
100,000 | $2,500,000 |
Standard
Creation Transaction Fee |
Maximum
Additional Charge* | |
$7,000 | 3.0% |
* | As a percentage of the net asset value per Creation Unit. |
Standard
Redemption Transaction Fee |
Maximum
Additional Charge* | |
$7,000 | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive of the standard redemption transaction fee. |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
Australia | 12/21/15 | 12/29/15 | 8 | |||
12/22/15 | 12/30/15 | 8 | ||||
12/23/15 | 01/04/16 | 12 | ||||
Brazil | 02/11/15 | 02/19/15 | 8 | |||
02/12/15 | 02/20/15 | 8 | ||||
02/13/15 | 02/23/15 | 10 | ||||
China | 02/13/15 | 02/25/15 | 12 | |||
02/16/15 | 02/26/15 | 10 | ||||
02/17/15 | 02/27/15 | 10 | ||||
09/28/15 | 10/08/15 | 10 | ||||
09/29/15 | 10/09/15 | 10 | ||||
09/30/15 | 10/12/15 | 12 | ||||
Indonesia | 07/13/15 | 07/22/15 | 9 | |||
07/14/15 | 07/23/15 | 9 | ||||
07/15/15 | 07/24/15 | 9 | ||||
Israel | 04/01/15 | 04/12/15 | 11 | |||
04/02/15 | 04/13/15 | 11 | ||||
09/21/15 | 10/06/15 | 15 | ||||
09/24/15 | 10/07/15 | 13 | ||||
Japan | 04/28/15 | 05/07/15 | 9 | |||
04/30/15 | 05/08/15 | 8 | ||||
05/01/15 | 05/11/15 | 10 | ||||
09/16/15 | 09/24/15 | 8 | ||||
09/17/15 | 09/25/15 | 8 | ||||
09/18/15 | 09/28/15 | 10 | ||||
Norway | 03/30/15 | 04/07/15 | 8 | |||
03/31/15 | 04/08/15 | 8 | ||||
Philippines | 01/12/15 | 01/20/15 | 8 |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
01/13/15 | 01/21/15 | 8 | ||||
01/14/15 | 01/22/15 | 8 | ||||
12/23/15 | 01/04/16 | 12 | ||||
12/28/15 | 01/05/16 | 8 | ||||
12/29/15 | 01/06/16 | 8 | ||||
Qatar | 07/14/15 | 07/22/15 | 8 | |||
07/15/15 | 07/23/15 | 8 | ||||
07/16/15 | 07/26/15 | 10 | ||||
09/09/15 | 09/17/15 | 8 | ||||
09/10/15 | 09/20/15 | 10 | ||||
09/13/15 | 09/21/15 | 8 | ||||
Russia | 12/28/15 | 01/13/16 | 16 | |||
12/29/15 | 01/14/16 | 16 | ||||
12/30/15 | 01/15/16 | 16 | ||||
South Africa | 03/27/15 | 04/07/15 | 11 | |||
03/30/15 | 04/08/15 | 9 | ||||
03/31/15 | 04/09/15 | 9 | ||||
04/01/15 | 04/10/15 | 9 | ||||
04/02/15 | 04/13/15 | 11 | ||||
04/20/15 | 04/28/15 | 8 | ||||
04/21/15 | 04/29/15 | 8 | ||||
04/22/15 | 04/30/15 | 8 | ||||
04/23/15 | 05/01/15 | 8 | ||||
04/24/15 | 05/05/15 | 11 | ||||
04/28/15 | 05/06/15 | 8 | ||||
04/29/15 | 05/07/15 | 8 | ||||
04/30/15 | 05/08/15 | 8 | ||||
06/09/15 | 06/17/15 | 8 | ||||
06/10/15 | 06/18/15 | 8 | ||||
06/11/15 | 06/19/15 | 8 | ||||
06/12/15 | 06/22/15 | 10 | ||||
06/15/15 | 06/23/15 | 8 | ||||
08/03/15 | 08/11/15 | 8 | ||||
08/04/15 | 08/12/15 | 8 | ||||
08/05/15 | 08/13/15 | 8 | ||||
08/06/15 | 08/14/15 | 8 | ||||
08/07/15 | 08/17/15 | 10 | ||||
09/17/15 | 09/25/15 | 8 | ||||
09/18/15 | 09/28/15 | 10 | ||||
09/21/15 | 09/29/15 | 8 | ||||
09/22/15 | 09/30/15 | 8 | ||||
09/23/15 | 10/01/15 | 8 | ||||
12/09/15 | 12/17/15 | 8 | ||||
12/10/15 | 12/18/15 | 8 | ||||
12/11/15 | 12/21/15 | 10 | ||||
12/14/15 | 12/22/15 | 8 | ||||
12/15/15 | 12/23/15 | 8 | ||||
12/18/15 | 12/28/15 | 10 | ||||
12/21/15 | 12/29/15 | 8 | ||||
12/22/15 | 12/30/15 | 8 |
2015 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
12/23/15 | 12/31/15 | 8 | ||||
12/24/15 | 01/04/16 | 11 | ||||
Spain | 03/30/15 | 04/07/15 | 8 | |||
03/31/15 | 04/08/15 | 8 | ||||
04/01/15 | 04/09/15 | 8 | ||||
Taiwan | 02/16/15 | 02/24/15 | 8 | |||
02/17/15 | 02/25/15 | 8 | ||||
Thailand | 04/08/15 | 04/16/15 | 8 | |||
04/09/15 | 04/17/15 | 8 | ||||
04/10/15 | 04/20/15 | 10 |
2016 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
Australia | 12/23/15 | 01/04/16 | 12 | |||
12/20/16 | 12/29/16 | 9 | ||||
12/21/16 | 01/02/17 | 12 | ||||
12/22/16 | 01/03/17 | 12 | ||||
China | 02/03/16 | 02/17/16 | 14 | |||
02/04/16 | 02/18/16 | 14 | ||||
02/05/16 | 02/19/16 | 14 | ||||
04/27/16 | 05/09/16 | 12 | ||||
04/28/16 | 05/10/16 | 12 | ||||
04/29/16 | 05/11/16 | 12 | ||||
09/28/16 | 10/11/16 | 13 | ||||
09/29/16 | 10/12/16 | 13 | ||||
09/30/16 | 10/13/16 | 13 | ||||
Colombia | 03/18/16 | 03/28/16 | 10 | |||
Indonesia | 06/29/16 | 07/11/16 | 12 | |||
06/30/16 | 07/12/16 | 12 | ||||
07/01/16 | 07/13/16 | 12 | ||||
Israel | 04/20/16 | 05/01/16 | 11 | |||
04/21/16 | 05/02/16 | 11 | ||||
10/10/16 | 10/25/16 | 15 | ||||
10/13/16 | 10/26/16 | 13 | ||||
Japan | 04/27/16 | 05/06/16 | 9 | |||
04/28/16 | 05/09/16 | 11 | ||||
05/02/16 | 05/10/16 | 8 | ||||
Malaysia | 07/01/16 | 07/11/16 | 10 | |||
07/04/16 | 07/12/16 | 8 | ||||
07/05/16 | 07/13/16 | 8 | ||||
Mexico | 03/18/16 | 03/28/16 | 10 | |||
Norway | 03/21/16 | 03/29/16 | 8 | |||
03/22/16 | 03/30/16 | 8 | ||||
Philippines | 12/23/15 | 01/04/16 | 12 | |||
12/28/15 | 01/05/16 | 8 | ||||
12/29/15 | 01/06/16 | 8 | ||||
Qatar | 09/06/16 | 09/18/16 | 12 |
2016 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
09/07/16 | 09/19/16 | 12 | ||||
09/08/16 | 09/20/16 | 12 | ||||
South Africa | 12/24/15 | 01/04/16 | 11 | |||
12/28/15 | 01/05/16 | 8 | ||||
12/29/15 | 01/06/16 | 8 | ||||
12/30/15 | 01/07/16 | 8 | ||||
12/31/15 | 01/08/16 | 8 | ||||
03/14/16 | 03/22/16 | 8 | ||||
03/15/16 | 03/23/16 | 8 | ||||
03/16/16 | 03/24/16 | 8 | ||||
03/17/16 | 03/29/16 | 12 | ||||
03/18/16 | 03/30/16 | 12 | ||||
03/22/16 | 03/31/16 | 9 | ||||
03/23/16 | 04/01/16 | 9 | ||||
03/24/16 | 04/04/16 | 11 | ||||
04/20/16 | 04/28/16 | 8 | ||||
04/21/16 | 04/29/16 | 8 | ||||
04/22/16 | 05/03/16 | 11 | ||||
04/25/16 | 05/04/16 | 9 | ||||
04/26/16 | 05/05/16 | 9 | ||||
04/28/16 | 05/06/16 | 8 | ||||
04/29/16 | 05/09/16 | 10 | ||||
06/09/16 | 06/17/16 | 8 | ||||
06/10/16 | 06/20/16 | 10 | ||||
06/13/16 | 06/21/16 | 8 | ||||
06/14/16 | 06/22/16 | 8 | ||||
06/15/16 | 06/23/16 | 8 | ||||
08/02/16 | 08/10/16 | 8 | ||||
08/03/16 | 08/11/16 | 8 | ||||
08/04/16 | 08/12/16 | 8 | ||||
08/05/16 | 08/15/16 | 10 | ||||
08/08/16 | 08/16/16 | 8 | ||||
12/09/16 | 12/19/16 | 10 | ||||
12/12/16 | 12/20/16 | 8 | ||||
12/13/16 | 12/21/16 | 8 | ||||
12/14/16 | 12/22/16 | 8 | ||||
12/15/16 | 12/28/16 | 13 | ||||
12/16/16 | 12/28/16 | 12 | ||||
12/19/16 | 12/29/16 | 10 | ||||
12/20/16 | 01/02/17 | 13 | ||||
12/21/16 | 01/03/17 | 13 | ||||
12/22/16 | 01/04/17 | 13 | ||||
12/28/16 | 01/05/17 | 8 | ||||
12/29/16 | 01/06/17 | 8 | ||||
Sweden | 12/30/15 | 01/07/16 | 8 | |||
Taiwan | 02/02/16 | 02/15/16 | 13 | |||
02/03/16 | 02/16/16 | 13 | ||||
Thailand | 04/08/16 | 04/18/16 | 10 | |||
04/11/16 | 04/19/16 | 8 | ||||
04/12/16 | 04/20/16 | 8 |
2016 | ||||||
Country | Trade
Date |
Settlement
Date |
Number
of Days to Settle | |||
Turkey | 07/01/16 | 07/11/16 | 10 | |||
07/04/16 | 07/12/16 | 8 | ||||
09/08/16 | 09/19/16 | 11 | ||||
09/09/16 | 09/20/16 | 11 | ||||
United Arab Emirates | 09/07/16 | 09/15/16 | 8 | |||
09/08/16 | 09/18/16 | 10 |
* | These worst-case redemption cycles are based on information regarding regular holidays, which may be out of date. Based on changes in holidays, longer (worse) redemption cycles are possible. |
iShares Trust
File Nos. 333-92935 and 811-09729
Part C
Other Information
Item 28. Exhibits:
PEA # 1,404
Exhibit Number |
Description | |
(a.1) | Amended and Restated Agreement and Declaration of Trust, dated September 17, 2009, is incorporated herein by reference to Post-Effective Amendment No. 303, filed October 16, 2009 (PEA No. 303). | |
(a.2) | Restated Certificate of Trust, dated September 13, 2006, is incorporated herein by reference to Post-Effective Amendment No. 53, filed September 19, 2006. | |
(b) | Amended and Restated By-Laws, dated April 20, 2010, are incorporated herein by reference to Post-Effective Amendment No. 418, filed May 4, 2010. | |
(c) | Article II of the Amended and Restated Agreement and Declaration of Trust is incorporated herein by reference to PEA No. 303. | |
(d.1) | Investment Advisory Agreement, dated December 1, 2009, between the Trust and BlackRock Fund Advisors (BFA) is incorporated herein by reference to Post-Effective Amendment No. 354, filed December 28, 2009. | |
(d.2) | Schedule A to the Investment Advisory Agreement between the Trust and BFA is filed herein. | |
(d.3) | Schedule A to the Investment Advisory Agreement between iShares, Inc. and BFA is incorporated herein by reference to Post-Effective Amendment No. 1,319, filed February 4, 2015. | |
(d.4) | Master Advisory Fee Waiver Agreement, dated December 1, 2009, between the Trust and BFA is incorporated herein by reference to Post-Effective Amendment No. 512, filed March 24, 2011. | |
(d.5) | Schedule A to the Master Advisory Fee Waiver Agreement to be filed by amendment. | |
(d.6) | Form of Participation Agreement is incorporated herein by reference to Post-Effective Amendment No. 773, filed October 15, 2012. | |
(d.7) | Sub-Advisory Agreement, dated December 1, 2010, between BFA and BlackRock International Limited is incorporated herein by reference to Post-Effective Amendment No. 529, filed April 21, 2011. | |
(d.8) | Appendix A to the Sub-Advisory Agreement is incorporated herein by reference to Post-Effective Amendment No. 1,060, filed February 28, 2014. | |
(e.1) | Distribution Agreement, dated February 3, 2012, between the Trust and BlackRock Investments, LLC (BRIL) is incorporated herein by reference to Post-Effective Amendment No. 921, filed July 10, 2013. | |
(e.2) | Exhibit A to the Distribution Agreement is filed herein. | |
(f) | Not applicable. | |
(g) | Service Module for Custodial Services, dated April 21, 2011, is incorporated herein by reference to Post-Effective Amendment No. 573, filed August 19, 2011 (PEA No. 573). | |
(h.1) | Master Services Agreement, dated April 21, 2011, between the Trust and State Street Bank and Trust Company (State Street) is incorporated herein by reference to Post-Effective Amendment No. 551, filed June 27, 2011. | |
(h.2) | Exhibit A to the Master Services Agreement is filed herein. | |
(h.3) | Service Module for Fund Administration and Accounting Services, dated April 21, 2011, is incorporated herein by reference to PEA No. 573. | |
(h.4) | Service Module for Transfer Agency Services, dated April 21, 2011, is incorporated herein by reference to PEA No. 573. | |
(h.5) | Amended and Restated Securities Lending Agency Agreement, dated January 1, 2015, among the Trust, iShares, Inc., iShares MSCI Russia Capped ETF, Inc., iShares U.S. ETF Company, Inc., iShares U.S. ETF Trust and BlackRock Institutional Trust Company, N.A. (BTC) is incorporated herein by reference to Post-Effective Amendment No.1,318, filed February 4, 2015. |
(h.6) | Schedule A to the Amended and Restated Securities Lending Agency Agreement is filed herein. | |
(h.7) | Form of Master Securities Loan Agreement (including forms of Annexes, Schedule and Appendix thereto) is incorporated herein by reference to Post-Effective Amendment No. 369, filed January 22, 2010. | |
(h.8) | Sublicense Agreement, dated April 25, 2000, between BTC1 and the Trust for iShares S&P Funds is incorporated herein by reference to Post-Effective Amendment No. 2, filed May 12, 2000 (PEA No. 2). | |
(h.9) | Amendment to Sublicense Agreement between BTC1 and the Trust for the iShares S&P Funds is incorporated herein by reference to Post-Effective Amendment No. 459, filed July 29, 2010 (PEA No. 459). | |
(h.10) | Sublicense Agreement, dated April 25, 2000, between BTC1 and the Trust for iShares Dow Jones Funds is incorporated herein by reference to Post-Effective Amendment No. 37, filed June 6, 2005 (PEA No. 37). | |
(h.11) | Exhibit A to the Sublicense Agreement, dated April 1, 2006, between BTC1 and the Trust for iShares Dow Jones Funds is incorporated herein by reference to Post-Effective Amendment No. 43, filed April 17, 2006. | |
(h.12) | Sublicense Agreement between BTC1 and the Trust for iShares Dow Jones Funds to be filed by amendment. | |
(h.13) | Sublicense Agreement, dated April 25, 2000, between BTC1 and the Trust for iShares Russell Funds is incorporated herein by reference to PEA No. 37. | |
(h.14) | Amendment to Sublicense Agreement between BTC1 and the Trust for iShares Russell Funds is incorporated herein by reference to PEA No. 459. | |
(h.15) | Sublicense Agreement between BTC1 and the Trust for the iShares MSCI Funds is incorporated herein by reference to Post-Effective Amendment No. 10, filed June 1, 2001. | |
(h.16) | Amendment to Sublicense Agreement between BTC1 and the Trust for the iShares MSCI Funds is incorporated herein by reference to Post-Effective Amendment No. 491, filed December 20, 2010 (PEA No. 491). | |
(h.17) | Sublicense Agreement between BTC1 and the Trust for iShares Nasdaq Biotechnology Index Fund is incorporated herein by reference to Post-Effective Amendment No. 13, filed July 31, 2001. | |
(h.18) | Sublicense Agreement, dated June 1, 2002, between BTC1 and the Trust for Barclays Capital Funds is incorporated herein by reference to Post-Effective Amendment No. 16, filed July 31, 2002. | |
(h.19) | Sublicense Agreement, dated October 30, 2007, between BTC1 and the Trust for iShares iBoxx $ High Yield Corporate Bond Fund and iShares iBoxx $ Investment Grade Corporate Bond Fund is incorporated herein by reference to Post-Effective Amendment No. 114, filed November 9, 2007 (PEA No. 114). | |
(h.20) | Sublicense Agreement, dated January 1, 2001, between BTC1 and the Trust for iShares Cohen & Steers Realty Majors Index Fund is incorporated herein by reference to PEA No. 37. | |
(h.21) | Sublicense Agreement, dated October 1, 2003, between BTC1 and the Trust for iShares Dow Jones Transportation Average Index Fund and iShares Dow Jones Select Dividend Index Fund is incorporated herein by reference to PEA No. 37. | |
(h.22) | Sublicense Agreement, dated March 4, 2004, between BTC1 and the Trust for iShares NYSE 100 Index Fund and iShares NYSE Composite Index Fund is incorporated herein by reference to PEA No. 37. | |
(h.23) | Sublicense Agreement, dated March 1, 2004, between BTC1 and the Trust for iShares FTSE/Xinhua China 25 Index Fund is incorporated herein by reference to PEA No. 37. | |
(h.24) | Sublicense Agreement, dated April 1, 2004, between BTC1 and the Trust for iShares Morningstar Funds is incorporated herein by reference to PEA No. 37. | |
(h.25) | Sublicense Agreement, dated September 16, 2004, between BTC1 and the Trust for iShares KLD Select SocialSM Index Fund is incorporated herein by reference to PEA No. 37. | |
(h.26) | Exhibit A to the Sublicense Agreement between BTC1 and the Trust for iShares KLD 400 Social Index Fund is incorporated herein by reference to PEA No. 114. | |
(h.27) | Amendment to Sublicense Agreement between BTC1 and the Trust for iShares Barclays Capital Funds is incorporated herein by reference to PEA No. 491. | |
(h.28) | Exhibit A to the Sublicense Agreement between BTC1 and the Trust for iShares Dow Jones EPAC Select Dividend Index Fund is incorporated herein by reference to Post-Effective Amendment No. 93, filed July 30, 2007. |
(h.29) | Sublicense Agreement, dated October 30, 2007, between BTC1 and the Trust for FTSE/NAREIT Funds is incorporated herein by reference to PEA No. 114. | |
(h.30) | Amendment to Sublicense Agreement between BTC1 and the Trust for FTSE/NAREIT Funds to be filed by amendment. | |
(h.31) | Sublicense Agreement, dated September 19, 2007, between BTC1 and the Trust for iShares JPMorgan USD Emerging Markets Bond Fund is incorporated herein by reference to Post-Effective Amendment No. 101, filed September 27, 2007. | |
(h.32) | Sublicense Agreement, dated December 8, 2009, between BTC and the Trust for BofA Merrill Lynch Funds is incorporated herein by reference to Post-Effective Amendment No. 444, filed June 28, 2010. | |
(h.33) | Amendment to Sublicense Agreement between BTC and the Trust for BofA Merrill Lynch Funds is incorporated herein by reference to Post-Effective Amendment No. 537, filed May 16, 2011. | |
(i) | Legal Opinion and Consent of Richards, Layton & Finger, P.A. is filed herein. | |
(j) | Not applicable. | |
(k) | Not applicable. | |
(l.1) | Subscription Agreement, dated April 20, 2000, between the Trust and SEI is incorporated herein by reference to PEA No. 2. | |
(l.2) | Letter of Representations, dated April 14, 2000, between the Trust and the Depository Trust Company is incorporated herein by reference to PEA No. 2. | |
(l.3) | Amendment of Letter of Representations between the Trust and the Depository Trust Company for iShares Nasdaq Biotechnology Index Fund and iShares Cohen & Steers Realty Majors Index Fund is incorporated herein by reference to Post-Effective Amendment No. 11, filed July 2, 2001. | |
(m) | Not applicable. | |
(n) | Not applicable. | |
(o) | Not applicable. | |
(p.1) | Code of Ethics for Fund Access Persons is incorporated herein by reference to Post-Effective Amendment No. 1,159, filed June 30, 2014. | |
(p.2) | BlackRock, Inc. Personal Trading Policy is incorporated herein by reference to Post-Effective Amendment No. 1,151, filed June 19, 2014. | |
(p.3) | Code of Ethics for BRIL is incorporated herein by reference to Post-Effective Amendment No. 963, filed October 2, 2013. | |
(q.1) | Powers of Attorney, each dated December 31, 2013, for Manish Mehta, Mark Wiedman and Robert S. Kapito are incorporated herein by reference to Post-Effective Amendment No. 1,021, filed January 10, 2014 (PEA No. 1,021). | |
(q.2) | Powers of Attorney, each dated March 25, 2015, for Jane D. Carlin, Charles A. Hurty, Cecilia H. Herbert, John E. Kerrigan, Robert H. Silver, John E. Martinez, Madhav V. Rajan and Jack Gee are incorporated herein by reference to Post-Effective Amendment No. 1,382, filed March 26, 2015 (PEA No. 1,382). |
1 | Prior to December 1, 2009, BTC was known as Barclays Global Investors, N.A. |
Item 29. Persons Controlled By or Under Common Control with Registrant:
None.
Item 30. Indemnification:
The Trust (also referred to in this section as the Fund) is organized as a Delaware statutory trust and is operated pursuant to an Amended and Restated Agreement and Declaration of Trust (the Declaration of Trust) that permits the Trust to indemnify its trustees and officers under certain circumstances. Such indemnification, however, is subject to the limitations imposed by the Securities Act of 1933, as amended (the 1933 Act), and the Investment Company Act of 1940, as amended (the 1940 Act). The Declaration of Trust provides that officers and trustees of the Trust shall be indemnified by the Trust to the fullest extent permitted by law against liability and against all expenses reasonably incurred or paid in connection with any claim, action, suit, proceeding in which he or she becomes involved as a party or otherwise by virtue of being or having been a trustee or officer and against amounts paid as incurred in the settlement thereof. This indemnification is subject to the following conditions:
(a) no trustee or officer of the Trust is indemnified against any liability to the Trust or its security holders, as adjudicated by a court or body before which the proceeding was brought, that was the result of any willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his office; and
(b) as adjudicated by a court or body before which the proceeding was brought, officers and trustees of the Trust are indemnified only for actions taken in good faith that the officers and trustees reasonably believed were in or not opposed to the best interests of the Trust.
The Declaration of Trust provides that if indemnification is not ordered by a court, indemnification may be authorized by a majority vote of a quorum of the trustees who were not parties to the proceedings or, if this quorum is not obtainable, if directed by a quorum of disinterested trustees, or by independent legal counsel in a written opinion, that the persons to be indemnified have met the applicable standard; provided, however, that any shareholder, by appropriate legal proceedings, may challenge any such determination by the trustees or by independent legal counsel.
The Amended and Restated By-Laws provides that the Trust may purchase and maintain insurance on behalf of any Covered Person or employee of the Trust, including any Covered Person or employee of the Trust who is or was serving at the request of the Trust as a trustee, officer, or employee of a corporation, partnership, association, joint venture, trust, or other enterprise, against any liability asserted against and incurred by such Covered Person or employee in any such capacity or arising out of his or her status as such, whether or not the trustees would have the power to indemnify him or her against such liability. The Trust may not acquire or obtain a contract for insurance that protects or purports to protect any trustee or officer of the Trust against any liability to the Trust or its Shareholders to which such trustee or officer otherwise would be subject by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office.
The Master Services Agreement provides that State Street will indemnify, defend and hold harmless the applicable Fund, its Affiliates, and its respective officers, directors, employees, agents and permitted successors and assigns from any and all damages, fines, penalties, deficiencies, losses, liabilities (including judgments and amounts reasonably paid in settlement) and expenses (including interest, court costs, reasonable fees and expenses of attorneys, accountants and other experts or other reasonable fees and expenses of litigation or other proceedings or of any claim, default or assessment) (Losses) arising from or in connection with any third party claim or threatened third party claim to the extent that such Losses are based on or arising out of any of the following: (a) breach by State Street or any State Street Personnel of any of its data protection, information security or confidentiality obligations hereunder or under a Service Module to which such Fund is a signatory; (b) any claim of infringement or misappropriation of any Intellectual Property Right alleged to have occurred because of systems or other Intellectual Property provided by or on behalf of State Street or based upon the performance of the Services (collectively, the State Street Infringement Items), except to the extent that such infringement or misappropriation relates to or results from; (i) changes made by any Fund or by a third party at the direction of a Fund to the State Street Infringement Items; (ii) changes to the State Street Infringement Items recommended by State Street and not made due to a request from any Fund, provided that State Street has notified such Fund that failure to implement such recommendation would result in infringement within a reasonable amount of time for such Fund to so implement following such notification; (iii) any Funds combination of the State Street Infringement Items with products or services not provided or approved in writing by State Street, except to the extent such combination arises out of any Funds use of the State Street Infringement Items in a manner consistent with the applicable business requirements documentation; (iv) designs or specifications that in themselves infringe and that are provided by or at the direction of any Fund (except in the event of a knowing infringement by State Street); or (v) use by a Fund of any of the State Street Infringement Items in a manner that is not consistent with the applicable business requirements documentation or otherwise not permitted under the Master Services Agreement or any Service Module; (c) any claim or action by, on behalf of, or related to, any prospective, then-current or former employees of State Street, arising from or in connection with a Service Module to
which a Fund is a signatory, including: (i) any claim arising under occupational health and safety, workers compensation, ERISA or other applicable Law; (ii) any claim arising from the interview or hiring practices, actions or omissions of employees of State Street; (iii) any claim relating to any violation by employees of State Street, or its respective officers, directors, employees, representatives or agents, of any Law or any common law protecting persons or members of protected classes or categories, such laws or regulations prohibiting discrimination or harassment on the basis of a protected characteristic; and (iv) any claim based on a theory that such Fund is an employer or joint employer of any such prospective, then-current or former employees of State Street; (d) the failure by State Street to obtain, maintain, or comply with any governmental approvals as required under the Master Services Agreement and/or a Service Module to which such Fund is a signatory or such other failures as otherwise agreed by the Parties from time to time; (e) claims by third parties arising from claims by governmental authorities against such Customer for fines, penalties, sanctions, late fees or other remedies to the extent arising from or in connection with State Streets failure to perform its responsibilities under the Master Services Agreement or any Service Module (except to the extent a Fund is not permitted as a matter of public policy to have such an indemnity for financial penalties arising from criminal actions); (f) claims by clients of State Street relating to services, products or systems provided by State Street or a Subcontractor to such client(s) in a shared or leveraged environment; (g) any claim initiated by an Affiliate or potential or actual Subcontractor of State Street asserting rights in connection with a Service Module to which such Fund is a signatory; or (h) other claims as otherwise agreed by the Parties from time to time.
Section 8.02 of the Distribution Agreement between Registrant and BRIL provides as follows:
The Distribution Agreement provides that BRIL agrees to indemnify and hold harmless the Trust, each of its trustees, officers, employees and each person, if any, who controls the Trust within the meaning of Section 15 of the 1933 Act (collectively, the Company Indemnified Parties) from and against any and all losses to which the Company Indemnified Parties become subject, arising out of or based upon (i) any untrue statement or alleged untrue statement of a material fact contained in the Prospectus or the omission or alleged omission therefrom of a material fact required to be stated therein or necessary to make the statements therein not misleading, in reliance upon and in conformity with written information furnished to the Trust by BRIL about BRIL expressly for use therein; (ii) any breach of any representation, warranty or covenant made by BRIL in the Distribution Agreement; and (iii) the actions or omissions of any person acting under the supervision of BRIL in providing services under the Distribution Agreement; provided, however, that BRIL shall not be liable in any such case to the extent that any loss arises out of or is based upon (A) the Trusts own willful misfeasance, willful misconduct or gross negligence or the Trusts reckless disregard of its obligations under the Distribution Agreement or (B) the Trusts material breach of the Distribution Agreement.
The Authorized Participant Agreement provides that the Authorized Participant (the Participant) agrees to indemnify and hold harmless the Fund and its respective subsidiaries, affiliates, directors, officers, employees and agents, and each person, if any, who controls such persons within the meaning of Section 15 of the 1933 Act (each an Indemnified Party) from and against any loss, liability, cost and expense (including attorneys fees) incurred by such Indemnified Party as a result of (i) any breach by the Participant of any provision of the Authorized Participant Agreement that relates to the Participant; (ii) any failure on the part of the Participant to perform any of its obligations set forth in the Authorized Participant Agreement; (iii) any failure by the Participant to comply with applicable laws, including rules and regulations of self-regulatory organizations; or (iv) actions of such Indemnified Party in reliance upon any instructions issued in accordance with Annex II, III or IV (as each may be amended from time to time) of the Authorized Participant Agreement reasonably believed by the distributor and/or the transfer agent to be genuine and to have been given by the Participant.
The Amended and Restated Securities Lending Agency Agreement provides that BTC shall indemnify and hold harmless each client, Lender, its Board of Trustees and its agents and BFA and any investment adviser for the Funds from any and all loss, liability, costs, damages, actions, and claims (Loss) to the extent that any such Loss arises out of the material breach of this Agreement by or negligent acts or omissions or willful misconduct of BTC, its officers, directors or employees or any of its agents or subcustodians in connection with the securities lending activities undertaken pursuant to this Agreement, provided that BTCs indemnification obligation with respect to the acts or omissions of its subcustodians shall not exceed the indemnification provided by the applicable subcustodian to BTC.
Insofar as indemnification for liabilities arising under the 1940 Act may be permitted to directors, officers and controlling persons of the Trust pursuant to foregoing provisions, or otherwise, the Trust has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the 1940 Act and is, therefore, unenforceable. In the event that a claim for Fund expenses incurred or paid by a director, officer or controlling person of the Fund in the successful defense of any action, suit or proceeding is asserted by such director, officer or controlling person in connection with the securities being registered, the Trust will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the 1940 Act and will be governed by the final adjudication of such issue.
Item 31. Business and Other Connections of the Investment Adviser:
The Trust is advised by BFA, an indirect wholly owned subsidiary of BlackRock, Inc., 400 Howard Street, San Francisco, CA 94105. BFAs business is that of a registered investment adviser to certain open-end, management investment companies and various other institutional investors.
The directors and officers of BFA consist primarily of persons who during the past two years have been active in the investment management business. To the knowledge of the Registrant, except as set forth below, none of the directors or executive officers of BFA is or has been at any time during the past two fiscal years engaged in any other business, profession, vocation or employment of a substantial nature. Information as to the executive officers and directors of BFA is included in its Form ADV initially filed with the SEC (File No. 801-22609) on November 15, 1984 and updated thereafter and is incorporated herein by reference.
BlackRock International Limited (BIL) acts as sub-adviser for a number of affiliated registered investment companies advised by BlackRock Advisors, LLC. The address of each of these registered investment companies is 100 Bellevue Parkway, Wilmington, Delaware 19809. The address of BIL is Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, United Kingdom. The list required by this Item 31 about officers and directors of BIL, together with information as to any other business, profession, vocation or employment of a substantial nature engaged in by such officers and directors during the past two years, is incorporated by reference to Schedule A and D of Form ADV, filed by BIL pursuant to the Investment Advisers Act of 1940 (SEC File No. 801-51087).
Item 32. Principal Underwriters:
(a) | Furnish the name of each investment company (other than the Registrant) for which each principal underwriter currently distributing the securities of the Registrant also acts as a principal underwriter, distributor or investment adviser. |
BRIL, the distributor of certain funds, acts as the principal underwriter or placement agent, as applicable, for each of the following open-end registered investment companies including certain funds of the Registrant:
BBIF Government Securities Fund | BlackRock Multi-State Municipal Series Trust | |
BBIF Money Fund | BlackRock Municipal Bond Fund, Inc. | |
BBIF Tax-Exempt Fund | BlackRock Municipal Series Trust | |
BBIF Treasury Fund | BlackRock Natural Resources Trust | |
BIF Government Securities Fund | BlackRock Pacific Fund, Inc. | |
BIF Money Fund | BlackRock Series Fund, Inc. | |
BIF Multi-State Municipal Series Trust | BlackRock Series, Inc. | |
BIF Tax-Exempt Fund | BlackRock Value Opportunities Fund, Inc. | |
BIF Treasury Fund | BlackRock Variable Series Funds, Inc. | |
BlackRock Allocation Target Shares | BlackRock World Income Fund, Inc. | |
BlackRock Balanced Capital Fund, Inc. | FDP Series, Inc. | |
BlackRock Basic Value Fund, Inc. | Funds For Institution Series | |
BlackRock Bond Fund, Inc. | iShares, Inc. | |
BlackRock California Municipal Series Trust | iShares U.S. ETF Trust | |
BlackRock Capital Appreciation Fund, Inc. | Managed Account Series | |
BlackRock CoRI Funds | Master Basic Value LLC | |
BlackRock Emerging Markets Fund, Inc. | Master Bond LLC | |
BlackRock Equity Dividend Fund | Master Focus Growth LLC | |
BlackRock EuroFund | Master Government Securities LLC | |
BlackRock Financial Institutions Series Trust | Master Institutional Money Market LLC | |
BlackRock Focus Growth Fund, Inc. | Master Investment Portfolio | |
BlackRock Funds | Master Large Cap Series LLC | |
BlackRock Funds II | Master Money LLC | |
BlackRock Funds III | Master Tax-Exempt LLC | |
BlackRock Global Allocation Fund, Inc. | Master Treasury LLC | |
BlackRock Global SmallCap Fund, Inc. | Master Value Opportunities LLC | |
BlackRock Index Funds, Inc. | Quantitative Master Series LLC | |
BlackRock Large Cap Series Funds, Inc. | Ready Assets Prime Money Fund | |
BlackRock Latin America Fund, Inc. | Ready Assets U.S. Treasury Money Fund | |
BlackRock Liquidity Funds | Ready Assets U.S.A. Government Money Fund | |
BlackRock Long-Horizon Equity Fund | Retirement Series Trust | |
BlackRock Master LLC | ||
BlackRock Mid Cap Value Opportunities Series, Inc. |
BRIL also acts as the principal underwriter or placement agent, as applicable, for each of the following closed-end registered investment companies:
BlackRock Corporate High Yield Fund, Inc. |
BlackRock Debt Strategies Fund, Inc. |
BlackRock Floating Rate Income Strategies Fund, Inc. |
BlackRock Limited Duration Income Trust |
BlackRock Preferred Partners LLC |
BRIL provides numerous financial services to BlackRock-advised funds and is the distributor of BlackRocks open-end funds. These services include coordinating and executing Authorized Participation Agreements, preparing, reviewing and providing advice with respect to all sales literature and responding to Financial Industry Regulatory Authority comments on marketing materials.
(b) | Set forth below is information concerning each director and officer of BRIL. The principal business address for each such person is 55 East 52nd Street, New York, NY 10055. |
Name |
Position(s) and Office(s) with BRIL |
Position(s) and Office(s) with Registrant | ||
Robert Fairbairn | Chairman and Member, Board of Managers, Chief Executive Officer and Senior Managing Director | None | ||
Anne Ackerley | Managing Director | None | ||
Matthew Mallow | General Counsel and Senior Managing Director | None | ||
Russell McGranahan | Secretary and Managing Director | None | ||
Ned Montenecourt | Chief Compliance Officer and Director | None | ||
Saurabh Pathak | Chief Financial Officer and Director | None | ||
Francis Porcelli | Managing Director and Member, Board of Managers | None | ||
Brenda Sklar | Managing Director | None | ||
Lisa Hill | Managing Director | None | ||
Joseph Craven | Managing Director | None | ||
Terri Slane | Director and Assistant Secretary | None | ||
Chris Nugent | Director | None | ||
Melissa Walker | Vice President and Assistant Secretary | None | ||
Richard Prager | Member, Board of Managers | None | ||
Christopher Vogel | Member, Board of Managers | None |
(c) | Not applicable. |
Item 33. Location of Accounts and Records:
(a) | The Trust maintains accounts, books and other documents required by Section 31(a) of the 1940 Act and the rules there under (collectively, the Records) at the offices of State Street, 1 Iron Street, Boston, MA 02210. |
(b) | BFA maintains all Records relating to its services as investment adviser at 400 Howard Street, San Francisco, CA 94105. |
(c) | BRIL maintains all Records relating to its services as distributor of certain Funds at 1 University Square Drive, Princeton, NJ 08540. |
(d) | State Street maintains all Records relating to its services as transfer agent at 200 Clarendon Street, Boston, MA 02116. State Street maintains all Records relating to its services as fund accountant and custodian at 1 Iron Street, Boston, MA 02210. |
Item 34. Management Services:
Not applicable.
Item 35. Undertakings:
Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all the requirements for the effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this Post-Effective Amendment No. 1,404 to the Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of San Francisco and the State of California on the 17th day of April, 2015.
iSHARES TRUST | ||
By: |
| |
Manish Mehta* | ||
President | ||
Date: | April 17, 2015 |
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 1,404 to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated.
By: |
| |
Mark Wiedman* | ||
Trustee | ||
Date: | April 17, 2015 | |
| ||
John E. Martinez** | ||
Trustee | ||
Date: | April 17, 2015 | |
| ||
Cecilia H. Herbert** | ||
Trustee | ||
Date: | April 17, 2015 | |
| ||
Charles A. Hurty** | ||
Trustee | ||
Date: | April 17, 2015 | |
| ||
John E. Kerrigan** | ||
Trustee | ||
Date: | April 17, 2015 | |
| ||
Robert H. Silver** | ||
Trustee | ||
Date: | April 17, 2015 |
| ||
Robert S. Kapito* | ||
Trustee | ||
Date: | April 17, 2015 | |
| ||
Madhav V. Rajan** | ||
Trustee | ||
Date: | April 17, 2015 | |
| ||
Jane D. Carlin** | ||
Trustee | ||
Date: | April 17, 2015 | |
/s/ Jack Gee | ||
Jack Gee | ||
Treasurer | ||
Date: | April 17, 2015 | |
/s/ Jack Gee | ||
*, ** | By: Jack Gee | |
Attorney-in-fact | ||
Date: | April 17, 2015 |
* | Powers of Attorney, each dated December 31, 2013, for Manish Mehta, Mark Wiedman and Robert S. Kapito are incorporated herein by reference to PEA No. 1,021. |
** | Powers of Attorney, each dated March 25, 2015, for Jane D. Carlin, Charles A. Hurty, Cecilia H. Herbert, John E. Kerrigan, Robert H. Silver, John E. Martinez and Madhav V. Rajan are incorporated herein by reference to PEA No. 1,382. |
Exhibit Index
(d.2) | Schedule A to the Investment Advisory Agreement between the Trust and BFA. | |
(e.2) | Exhibit A to the Distribution Agreement. | |
(h.2) | Exhibit A to the Master Services Agreement. | |
(h.6) | Schedule A to the Amended and Restated Securities Lending Agency Agreement. | |
(i) | Legal Opinion and Consent of Richards, Layton & Finger, P.A. |
Exhibit (d.2)
Schedule A
to the
Investment Advisory Agreement dated December 1, 2009
between
iShares Trust
and
BlackRock Fund Advisors
Pursuant to Section 6, the Trust shall pay the Adviser compensation at the following annual rates:
Fund |
Annual Fee | |||
iShares 0-5 Year High Yield Corporate Bond ETF |
0.50 | % | ||
iShares 0-5 Year Investment Grade Corporate Bond ETF |
0.15 | % | ||
iShares 0-5 Year TIPS Bond ETF |
0.20 | % | ||
iShares 1-3 Year International Treasury Bond ETF |
0.35 | % | ||
iShares 1-3 Year Treasury Bond ETF |
0.15 | % | ||
iShares 3-7 Year Treasury Bond ETF |
0.15 | % | ||
iShares 7-10 Year Treasury Bond ETF |
0.15 | % | ||
iShares 10+ Year Credit Bond ETF |
0.20 | % | ||
iShares 10-20 Year Treasury Bond ETF |
0.15 | % | ||
iShares 20+ Year Treasury Bond ETF |
0.15 | % | ||
iShares Aaa - A Rated Corporate Bond ETF |
0.15 | % | ||
iShares Agency Bond ETF |
0.20 | % | ||
iShares Asia 50 ETF |
0.50 | % | ||
iShares Asia Developed Real Estate ETF |
0.48 | % | ||
iShares B - Ca Rated Corporate Bond ETF |
0.35 | % | ||
iShares Baa - Ba Rated Corporate Bond ETF |
0.30 | % | ||
iShares California AMT-Free Muni Bond ETF |
0.25 | % | ||
iShares CMBS ETF |
0.25 | % | ||
iShares Core 1-5 Year USD Bond ETF |
0.12 | % | ||
iShares Core 10+ Year USD Bond ETF |
0.12 | % | ||
iShares Core Aggressive Allocation ETF |
0.25 | % | ||
iShares Core Conservative Allocation ETF |
0.25 | % | ||
iShares Core Dividend Growth ETF |
0.12 | % | ||
iShares Core GNMA Bond ETF |
0.15 | % | ||
iShares Core Growth Allocation ETF |
0.25 | % | ||
iShares Core High Dividend ETF |
0.12 | % | ||
iShares Core Moderate Allocation ETF |
0.25 | % | ||
iShares Core MSCI EAFE ETF |
0.12 | % | ||
iShares Core MSCI Europe ETF |
0.14 | % | ||
iShares Core MSCI Pacific ETF |
0.14 | % | ||
iShares Core MSCI Total International Stock ETF |
0.14 | % | ||
iShares Core S&P 500 ETF |
0.07 | % | ||
iShares Core S&P Mid-Cap ETF |
0.12 | % | ||
iShares Core S&P Small-Cap ETF |
0.12 | % | ||
iShares Core S&P Total U.S. Stock Market ETF |
0.07 | % | ||
iShares Core Total USD Bond Market ETF |
0.15 | % | ||
iShares Core U.S. Aggregate Bond ETF |
0.08 | % | ||
iShares Core U.S. Credit Bond ETF |
0.15 | % | ||
iShares Core U.S. Growth ETF |
0.09 | % | ||
iShares Core U.S. Treasury Bond ETF |
0.15 | % | ||
iShares Core U.S. Value ETF |
0.09 | % | ||
iShares Currency Hedged MSCI EAFE ETF |
0.39 | % | ||
iShares Currency Hedged MSCI EMU ETF |
0.62 | % |
iShares Currency Hedged MSCI Germany ETF |
0.53 | % | ||
iShares Currency Hedged MSCI Japan ETF |
0.53 | % | ||
iShares Dow Jones U.S. ETF |
0.20 | % | ||
iShares Emerging Markets Infrastructure ETF |
0.75 | % | ||
iShares Europe Developed Real Estate ETF |
0.48 | % | ||
iShares Exponential Technologies ETF |
0.47 | % | ||
iShares FactorSelect MSCI Global ETF |
0.50 | % | ||
iShares FactorSelect MSCI International ETF |
0.45 | % | ||
iShares FactorSelect MSCI Intl Small-Cap ETF |
0.60 | % | ||
iShares FactorSelect MSCI USA ETF |
0.35 | % | ||
iShares FactorSelect MSCI USA Small-Cap ETF |
0.50 | % | ||
iShares Financials Bond ETF |
0.30 | % | ||
iShares Floating Rate Bond ETF |
0.20 | % | ||
iShares Global 100 ETF |
0.40 | % | ||
iShares Global Inflation-Linked Bond ETF |
0.40 | % | ||
iShares Global REIT ETF |
0.14 | % | ||
iShares Government/Credit Bond ETF |
0.20 | % | ||
iShares iBonds Dec 2016 Corporate ETF |
0.10 | % | ||
iShares iBonds Dec 2017 Corporate ETF |
0.10 | % | ||
iShares iBonds Dec 2018 Corporate ETF |
0.10 | % | ||
iShares iBonds Dec 2019 Corporate ETF |
0.10 | % | ||
iShares iBonds Dec 2020 Corporate ETF |
0.10 | % | ||
iShares iBonds Dec 2021 Corporate ETF |
0.10 | % | ||
iShares iBonds Dec 2022 Corporate ETF |
0.10 | % | ||
iShares iBonds Dec 2023 Corporate ETF |
0.10 | % | ||
iShares iBonds Dec 2024 Corporate ETF |
0.10 | % | ||
iShares iBonds Dec 2025 Corporate ETF |
0.10 | % | ||
iShares iBonds Mar 2016 Corporate ETF |
0.10 | % | ||
iShares iBonds Mar 2018 Corporate ETF |
0.10 | % | ||
iShares iBonds Mar 2020 Corporate ETF |
0.10 | % | ||
iShares iBonds Mar 2023 Corporate ETF |
0.10 | % | ||
iShares iBonds Mar 2016 Corporate ex-Financials ETF |
0.10 | % | ||
iShares iBonds Mar 2018 Corporate ex-Financials ETF |
0.10 | % | ||
iShares iBonds Mar 2020 Corporate ex-Financials ETF |
0.10 | % | ||
iShares iBonds Mar 2023 Corporate ex-Financials ETF |
0.10 | % | ||
iShares iBonds Sep 2015 AMT-Free Muni Bond ETF |
0.30 | % | ||
iShares iBonds Sep 2016 AMT-Free Muni Bond ETF |
0.30 | % | ||
iShares iBonds Sep 2017 AMT-Free Muni Bond ETF |
0.30 | % | ||
iShares iBonds Sep 2018 AMT-Free Muni Bond ETF |
0.30 | % | ||
iShares iBonds Sep 2019 AMT-Free Muni Bond ETF |
0.30 | % | ||
iShares iBonds Sep 2020 AMT-Free Muni Bond ETF |
0.30 | % | ||
iShares India 50 ETF |
0.89 | % | ||
iShares Industrials Bond ETF |
0.30 | % | ||
iShares Intermediate Government/Credit Bond ETF |
0.20 | % | ||
iShares International Developed Property ETF |
0.48 | % | ||
iShares International Developed Real Estate ETF |
0.48 | % | ||
iShares International Inflation-Linked Bond ETF |
0.40 | % | ||
iShares International Preferred Stock ETF |
0.55 | % | ||
iShares International Treasury Bond ETF |
0.35 | % | ||
iShares Japan Large-Cap ETF |
0.50 | % | ||
iShares Micro-Cap ETF |
0.60 | % | ||
iShares Morningstar Large-Cap ETF |
0.20 | % | ||
iShares Morningstar Large-Cap Growth ETF |
0.25 | % | ||
iShares Morningstar Large-Cap Value ETF |
0.25 | % | ||
iShares Morningstar Mid-Cap ETF |
0.25 | % | ||
iShares Morningstar Mid-Cap Growth ETF |
0.30 | % |
iShares Morningstar Mid-Cap Value ETF |
0.30 | % | ||
iShares Morningstar Multi-Asset Income ETF |
0.25 | % | ||
iShares Morningstar Small-Cap ETF |
0.25 | % | ||
iShares Morningstar Small-Cap Growth ETF |
0.30 | % | ||
iShares Morningstar Small-Cap Value ETF |
0.30 | % | ||
iShares Mortgage Real Estate Capped ETF |
0.48 | % | ||
iShares MSCI ACWI Low Carbon Target ETF |
0.33 | % | ||
iShares MSCI All Country Asia ex Japan Small-Cap ETF |
0.75 | % | ||
iShares MSCI All Country Asia Information Technology ETF |
0.69 | % | ||
iShares MSCI Asia ex Japan Minimum Volatility ETF |
0.35 | % | ||
iShares MSCI Australia Small-Cap ETF |
0.59 | % | ||
iShares MSCI Canada Small-Cap ETF |
0.59 | % | ||
iShares MSCI Denmark Capped ETF |
0.53 | % | ||
iShares MSCI EAFE Growth ETF |
0.40 | % | ||
iShares MSCI EAFE Value ETF |
0.40 | % | ||
iShares MSCI Emerging Markets Latin America ETF |
0.68 | % | ||
iShares MSCI Europe Financials ETF |
0.48 | % | ||
iShares MSCI Europe Minimum Volatility ETF |
0.25 | % | ||
iShares MSCI Europe Small-Cap ETF |
0.40 | % | ||
iShares MSCI Finland Capped ETF |
0.53 | % | ||
iShares MSCI Germany Small-Cap ETF |
0.59 | % | ||
iShares MSCI Hong Kong Small-Cap ETF |
0.59 | % | ||
iShares MSCI India ETF |
0.65 | % | ||
iShares MSCI India Small-Cap ETF iShares MSCI International Developed Momentum Factor ETF iShares MSCI International Developed Quality Factor ETF |
|
0.74 0.30 0.30 |
% % % | |
iShares MSCI Japan Minimum Volatility ETF |
0.30 | % | ||
iShares MSCI KLD 400 Social ETF |
0.50 | % | ||
iShares MSCI Kokusai ETF |
0.25 | % | ||
iShares MSCI Norway Capped ETF |
0.53 | % | ||
iShares MSCI Singapore Small-Cap ETF |
0.59 | % | ||
iShares MSCI United Kingdom Small-Cap ETF |
0.59 | % | ||
iShares MSCI USA ESG Select ETF |
0.50 | % | ||
iShares MSCI USA Minimum Volatility ETF |
0.15 | % | ||
iShares MSCI USA Momentum Factor ETF |
0.15 | % | ||
iShares MSCI USA Quality Factor ETF |
0.15 | % | ||
iShares MSCI USA Size Factor ETF |
0.15 | % | ||
iShares MSCI USA Value Factor ETF |
0.15 | % | ||
iShares National AMT-Free Muni Bond ETF |
0.25 | % | ||
iShares New York AMT-Free Muni Bond ETF |
0.25 | % | ||
iShares North America Real Estate ETF |
0.48 | % | ||
iShares Real Estate 50 ETF |
0.48 | % | ||
iShares Residential Real Estate Capped ETF |
0.48 | % | ||
iShares Russell 1000 ETF |
0.15 | % | ||
iShares Russell 3000 ETF |
0.20 | % | ||
iShares Russell Top 200 ETF |
0.15 | % | ||
iShares Russell Top 200 Growth ETF |
0.20 | % | ||
iShares Russell Top 200 Value ETF |
0.20 | % | ||
iShares S&P 100 ETF |
0.20 | % | ||
iShares S&P 500 Growth ETF |
0.18 | % | ||
iShares S&P 500 Value ETF |
0.18 | % | ||
iShares S&P Mid-Cap 400 Value ETF |
0.25 | % | ||
iShares S&P Small-Cap 600 Growth ETF |
0.25 | % | ||
iShares S&P Small-Cap 600 Value ETF |
0.25 | % | ||
iShares Short Treasury Bond ETF |
0.15 | % |
iShares Short-Term National AMT-Free Muni Bond ETF |
0.25 | % | ||
iShares Treasury Floating Rate Bond ETF iShares U.S. CapEx ETF |
|
0.15 0.43 |
% % | |
iShares Utilities Bond ETF |
0.30 | % | ||
iShares Yield Optimized Bond ETF |
0.28 | % |
Advisory Fee for iShares PHLX, S&P Global and S&P U.S. Sector Funds
iShares Global Clean Energy ETF
iShares Global Consumer Discretionary ETF
iShares Global Consumer Staples ETF
iShares Global Energy ETF
iShares Global Financials ETF
iShares Global Healthcare ETF
iShares Global Industrials ETF
iShares Global Infrastructure ETF
iShares Global Materials ETF
iShares Global Tech ETF
iShares Global Telecom ETF
iShares Global Timber & Forestry ETF
iShares Global Utilities ETF
iShares North American Natural Resources ETF
iShares North American Tech ETF
iShares North American Tech-Multimedia Networking ETF
iShares North American Tech-Software ETF
iShares PHLX Semiconductor ETF
0.48% per annum of the aggregate net assets less than or equal to $10.0 billion
plus 0.43% per annum of the aggregate net assets over $10.0 billion, up to and including $20.0 billion
plus 0.38% per annum of the aggregate net assets in excess of $20.0 billion.
Advisory Fee for iShares FTSE China Funds
iShares China Large-Cap ETF
iShares FTSE China ETF
0.74% per annum of the aggregate net assets less than or equal to $6.0 billion
plus 0.67% per annum of the aggregate net assets over $6.0 billion, up to and including $12.0 billion
plus 0.60% per annum of the aggregate net assets in excess of $12.0 billion
Advisory Fee for iShares Dow Jones Sector Funds
iShares Transportation Average ETF
iShares U.S. Aerospace & Defense ETF
iShares U.S. Basic Materials ETF
iShares U.S. Broker-Dealers ETF
iShares U.S. Consumer Goods ETF
iShares U.S. Consumer Services ETF
iShares U.S. Energy ETF
iShares U.S. Financial Services ETF
iShares U.S. Financials ETF
iShares U.S. Healthcare ETF
iShares U.S. Healthcare Providers ETF
iShares U.S. Home Construction ETF
iShares U.S. Industrials ETF
iShares U.S. Insurance ETF
iShares U.S. Medical Devices ETF
iShares U.S. Oil & Gas Exploration & Production ETF
iShares U.S. Oil Equipment & Services ETF
iShares U.S. Pharmaceuticals ETF
iShares U.S. Real Estate ETF
iShares U.S. Regional Banks ETF
iShares U.S. Technology ETF
iShares U.S. Telecommunications ETF
iShares U.S. Utilities ETF
0.48% per annum of the aggregate net assets less than or equal to $10.0 billion
plus 0.43% per annum of the aggregate net assets over $10.0 billion, up to and including $20.0 billion
plus 0.38% per annum of the aggregate net assets over $20.0 billion, up to and including $30.0 billion
plus 0.342% per annum of the aggregate net assets in excess of $30.0 billion
Advisory Fee for iShares Category VI Funds:
iShares Human Rights ETF
iShares MSCI ACWI ETF
iShares MSCI ACWI ex U.S. ETF
iShares MSCI All Country World Minimum Volatility ETF*
iShares MSCI EAFE ETF
iShares MSCI EAFE Minimum Volatility ETF
0.35% per annum of the aggregate net assets less than or equal to $30.0 billion
plus 0.32% per annum of the aggregate net assets over $30.0 billion, up to and including $60.0 billion
plus 0.28% per annum of the aggregate net assets over $60.0 billion, up to and including $90.0 billion
plus 0.252% per annum of the aggregate net assets in excess of $90.0 billion
Advisory Fee for Category I Funds:
iShares MSCI Australia ETF*
iShares MSCI Austria Capped ETF*
iShares MSCI Belgium Capped ETF*
iShares MSCI Canada ETF*
iShares MSCI EMU ETF*
iShares MSCI France ETF*
iShares MSCI Germany ETF*
iShares MSCI Hong Kong ETF*
iShares MSCI Ireland Capped ETF
iShares MSCI Italy Capped ETF*
iShares MSCI Japan ETF*
iShares MSCI Japan Small-Cap ETF*
iShares MSCI Malaysia ETF*
iShares MSCI Mexico Capped ETF*
iShares MSCI Netherlands ETF*
iShares MSCI New Zealand Capped ETF
iShares MSCI Singapore ETF*
iShares MSCI Spain Capped ETF*
iShares MSCI Sweden ETF*
iShares MSCI Switzerland Capped ETF*
iShares MSCI United Kingdom ETF
0.59% per annum of the aggregate net assets of the Category I Funds less than or equal to $7.0 billion
plus 0.54% per annum of the aggregate net assets of the Category I Funds over $7.0 billion, up to and including $11.0 billion
plus 0.49% per annum of the aggregate net assets of the Category I Funds over $11.0 billion, up to and including $24.0 billion
plus 0.44% per annum of the aggregate net assets of the Category I Funds over $24.0 billion, up to and including $48.0 billion
plus 0.40% per annum of the aggregate net assets of the Category I Funds over $48.0 billion, up to and including $72.0 billion
plus 0.36% per annum of the aggregate net assets of the Category I Funds in excess of $72.0 billion
Advisory Fee for Category II Funds:
iShares MSCI All Peru Capped ETF
iShares MSCI Brazil Capped ETF*
iShares MSCI Brazil Small-Cap ETF
iShares MSCI Chile Capped ETF*
iShares MSCI China ETF
iShares MSCI China Small-Cap ETF
iShares MSCI Indonesia ETF
iShares MSCI Israel Capped ETF*
iShares MSCI Philippines ETF
iShares MSCI Poland Capped ETF
iShares MSCI Qatar Capped ETF
iShares MSCI Russia Capped ETF*
iShares MSCI South Africa ETF*
iShares MSCI South Korea Capped ETF*
iShares MSCI Taiwan ETF*
iShares MSCI Thailand Capped ETF*
iShares MSCI Turkey ETF*
iShares MSCI UAE Capped ETF
0.74% per annum of the aggregate net assets of the Category II Funds less than or equal to $2.0 billion
plus 0.69% per annum of the aggregate net assets of the Category II Funds over $2.0 billion, up to and including $4.0 billion
plus 0.64% per annum of the aggregate net assets of the Category II Funds over $4.0 billion, up to and including $8.0 billion
plus 0.57% per annum of the aggregate net assets of the Category II Funds over $8.0 billion, up to and including $16.0 billion
plus 0.51% per annum of the aggregate net assets of the Category II Funds over $16.0 billion, up to and including $32.0 billion
plus 0.45% per annum of the aggregate net assets of the Category II Funds in excess of $32.0 billion
Advisory Fee for Category IV Funds
iShares MSCI All Country Asia ex Japan ETF
iShares MSCI BRIC ETF*
iShares MSCI Emerging Markets Consumer Discretionary ETF*
iShares MSCI Emerging Markets Eastern Europe ETF*
iShares MSCI Emerging Markets Energy Capped ETF*
iShares MSCI Emerging Markets ETF*
iShares MSCI Emerging Markets Minimum Volatility ETF*
iShares MSCI Emerging Markets Small-Cap ETF*
0.75% per annum of the aggregate net assets of the Category IV Funds less than or equal to $14.0 billion
plus 0.68% per annum of the aggregate net assets of the Category IV Funds over $14.0 billion, up to and including $28.0 billion
plus 0.61% per annum of the aggregate net assets of the Category IV Funds over $28.0 billion, up to and including $42.0 billion
plus 0.54% per annum of the aggregate net assets of the Category IV Funds over $42.0 billion, up to and including $56.0 billion
plus 0.47% per annum of the aggregate net assets of the Category IV Funds over $56.0 billion, up to and including $70.0 billion
plus 0.41% per annum of the aggregate net assets of the Category IV Funds over $70.0 billion, up to and including $84.0 billion
plus 0.35% per annum of the aggregate net assets of the Category IV Funds in excess of $84.0 billion
Advisory Fee for Group X Funds
First $46 billion |
Greater than $46 billion Up to $81 billion |
Greater than $81 billion Up to $141 billion |
Greater than $141 billion |
|||||||||||||
iShares Latin America 40 ETF |
0.5000 | % | 0.4750 | % | 0.4513 | % | 0.4287 | % | ||||||||
iShares MSCI Pacific ex Japan ETF* |
0.5000 | % | 0.4750 | % | 0.4513 | % | 0.4287 | % | ||||||||
iShares Russell 2000 ETF |
0.2000 | % | 0.1900 | % | 0.1805 | % | 0.1715 | % | ||||||||
iShares Russell 2000 Growth ETF |
0.2500 | % | 0.2375 | % | 0.2257 | % | 0.2144 | % | ||||||||
iShares Russell 2000 Value ETF |
0.2500 | % | 0.2375 | % | 0.2257 | % | 0.2144 | % | ||||||||
iShares Select Dividend ETF |
0.4000 | % | 0.3800 | % | 0.3610 | % | 0.3430 | % | ||||||||
iShares U.S. Preferred Stock ETF |
0.4800 | % | 0.4560 | % | 0.4332 | % | 0.4116 | % |
Advisory Fee for Group XI Funds
First $19 billion | Greater than $19 billion Up to $33 billion |
Greater than $33 billion Up to $58 billion |
Greater than $58 billion |
|||||||||||||
iShares iBoxx $ High Yield Corporate Bond ETF |
0.5000 | % | 0.4750 | % | 0.4513 | % | 0.4287 | % | ||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF |
0.6000 | % | 0.5700 | % | 0.5415 | % | 0.5145 | % |
Advisory Fee for Group XII Funds
First $121 billion |
Greater than $121 billion Up to $211 billion |
Greater than $211 billion |
||||||||||
iShares 1-3 Year Credit Bond ETF |
0.2000 | % | 0.1900 | % | 0.1805 | % | ||||||
iShares Cohen & Steers REIT ETF |
0.3500 | % | 0.3325 | % | 0.3159 | % | ||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF |
0.1500 | % | 0.1425 | % | 0.1354 | % | ||||||
iShares Intermediate Credit Bond ETF |
0.2000 | % | 0.1900 | % | 0.1805 | % | ||||||
iShares MBS ETF |
0.2500 | % | 0.2375 | % | 0.2257 | % | ||||||
iShares Nasdaq Biotechnology ETF |
0.4800 | % | 0.4560 | % | 0.4332 | % | ||||||
iShares Russell 1000 Growth ETF |
0.2000 | % | 0.1900 | % | 0.1805 | % | ||||||
iShares Russell 1000 Value ETF |
0.2000 | % | 0.1900 | % | 0.1805 | % | ||||||
iShares Russell Mid-Cap ETF |
0.2000 | % | 0.1900 | % | 0.1805 | % | ||||||
iShares Russell Mid-Cap Growth ETF |
0.2500 | % | 0.2375 | % | 0.2257 | % | ||||||
iShares Russell Mid-Cap Value ETF |
0.2500 | % | 0.2375 | % | 0.2257 | % | ||||||
iShares S&P Mid-Cap 400 Growth ETF |
0.2500 | % | 0.2375 | % | 0.2257 | % | ||||||
iShares TIPS Bond ETF |
0.2000 | % | 0.1900 | % | 0.1805 | % |
Advisory Fee for Group XIII Funds
First $12 billion | Greater than $12 billion Up to $21 billion |
Greater than $21 billion |
||||||||||
iShares Europe ETF |
0.6000 | % | 0.5700 | % | 0.5415 | % | ||||||
iShares International Select Dividend ETF |
0.5000 | % | 0.4750 | % | 0.4513 | % | ||||||
iShares MSCI EAFE Small-Cap ETF |
0.4000 | % | 0.3800 | % | 0.3610 | % |
* | This Fund is a fund of iShares, Inc. |
Amended and Approved by the Board of Trustees of iShares Trust on March 24-25, 2015.
Exhibit (e.2)
Distribution Agreement
Exhibit A
Index Series
iShares Trust
iShares 0-5 Year High Yield Corporate Bond ETF
iShares 0-5 Year Investment Grade Corporate Bond ETF
iShares 0-5 Year TIPS Bond ETF
iShares 1-3 Year Credit Bond ETF
iShares 1-3 Year International Treasury Bond ETF
iShares 1-3 Year Treasury Bond ETF
iShares 3-7 Year Treasury Bond ETF
iShares 7-10 Year Treasury Bond ETF
iShares 10+ Year Credit Bond ETF
iShares 10-20 Year Treasury Bond ETF
iShares 20+ Year Treasury Bond ETF
iShares Aaa - A Rated Corporate Bond ETF
iShares Agency Bond ETF
iShares Asia 50 ETF
iShares Asia Developed Real Estate ETF
iShares B - Ca Rated Corporate Bond ETF
iShares Baa - Ba Rated Corporate Bond ETF
iShares California AMT-Free Muni Bond ETF
iShares China Large-Cap ETF
iShares CMBS ETF
iShares Cohen & Steers REIT ETF
iShares Core 1-5 Year USD Bond ETF
iShares Core 10+ Year USD Bond ETF
iShares Core Aggressive Allocation ETF
iShares Core Conservative Allocation ETF
iShares Core Dividend Growth ETF
iShares Core GNMA Bond ETF
iShares Core Growth Allocation ETF
iShares Core High Dividend ETF
iShares Core Moderate Allocation ETF
iShares Core MSCI EAFE ETF
iShares Core MSCI Europe ETF
iShares Core MSCI Pacific ETF
iShares Core MSCI Total International Stock ETF
iShares Core S&P 500 ETF
iShares Core S&P Mid-Cap ETF
iShares Core S&P Small-Cap ETF
iShares Core S&P Total U.S. Stock Market ETF
iShares Core Total USD Bond Market ETF
iShares Core U.S. Aggregate Bond ETF
iShares Core U.S. Credit Bond ETF
iShares Core U.S. Growth ETF
iShares Core U.S. Treasury Bond ETF
iShares Core U.S. Value ETF
iShares Currency Hedged MSCI EAFE ETF
iShares Currency Hedged MSCI EMU ETF
iShares Currency Hedged MSCI Germany ETF
iShares Currency Hedged MSCI Japan ETF
iShares Dow Jones U.S. ETF
iShares Emerging Markets Infrastructure ETF
iShares Europe Developed Real Estate ETF
iShares Europe ETF
Distribution Agreement
Exhibit A (continued)
Index Series
iShares Exponential Technologies ETF
iShares FactorSelect MSCI Global ETF
iShares FactorSelect MSCI International ETF
iShares FactorSelect MSCI Intl Small-Cap ETF
iShares FactorSelect MSCI USA ETF
iShares FactorSelect MSCI USA Small-Cap ETF
iShares Financials Bond ETF
iShares Floating Rate Bond ETF
iShares FTSE China ETF
iShares Global 100 ETF
iShares Global Clean Energy ETF
iShares Global Consumer Discretionary ETF
iShares Global Consumer Staples ETF
iShares Global Energy ETF
iShares Global Financials ETF
iShares Global Healthcare ETF
iShares Global Industrials ETF
iShares Global Inflation-Linked Bond ETF
iShares Global Infrastructure ETF
iShares Global Materials ETF
iShares Global REIT ETF
iShares Global Tech ETF
iShares Global Telecom ETF
iShares Global Timber & Forestry ETF
iShares Global Utilities ETF
iShares Government/Credit Bond ETF
iShares Human Rights ETF
iShares iBonds Dec 2016 Corporate ETF
iShares iBonds Dec 2017 Corporate ETF
iShares iBonds Dec 2018 Corporate ETF
iShares iBonds Dec 2019 Corporate ETF
iShares iBonds Dec 2020 Corporate ETF
iShares iBonds Dec 2021 Corporate ETF
iShares iBonds Dec 2022 Corporate ETF
iShares iBonds Dec 2023 Corporate ETF
iShares iBonds Dec 2024 Corporate ETF
iShares iBonds Dec 2025 Corporate ETF
iShares iBonds Mar 2016 Corporate ETF
iShares iBonds Mar 2018 Corporate ETF
iShares iBonds Mar 2020 Corporate ETF
iShares iBonds Mar 2023 Corporate ETF
iShares iBonds Mar 2016 Corporate ex-Financials ETF
iShares iBonds Mar 2018 Corporate ex-Financials ETF
iShares iBonds Mar 2020 Corporate ex-Financials ETF
iShares iBonds Mar 2023 Corporate ex-Financials ETF
iShares iBonds Sep 2015 AMT-Free Muni Bond ETF
iShares iBonds Sep 2016 AMT-Free Muni Bond ETF
iShares iBonds Sep 2017 AMT-Free Muni Bond ETF
iShares iBonds Sep 2018 AMT-Free Muni Bond ETF
iShares iBonds Sep 2019 AMT-Free Muni Bond ETF
iShares iBonds Sep 2020 AMT-Free Muni Bond ETF
iShares iBoxx $ High Yield Corporate Bond ETF
iShares iBoxx $ Investment Grade Corporate Bond ETF
iShares India 50 ETF
iShares Industrials Bond ETF
Distribution Agreement
Exhibit A (continued)
Index Series
iShares Intermediate Credit Bond ETF
iShares Intermediate Government/Credit Bond ETF
iShares International Developed Property ETF
iShares International Developed Real Estate ETF
iShares International Inflation-Linked Bond ETF
iShares International Preferred Stock ETF
iShares International Select Dividend ETF
iShares International Treasury Bond ETF
iShares Japan Large-Cap ETF
iShares J.P. Morgan USD Emerging Markets Bond ETF
iShares Latin America 40 ETF
iShares MBS ETF
iShares Micro-Cap ETF
iShares Morningstar Large-Cap ETF
iShares Morningstar Large-Cap Growth ETF
iShares Morningstar Large-Cap Value ETF
iShares Morningstar Mid-Cap ETF
iShares Morningstar Mid-Cap Growth ETF
iShares Morningstar Mid-Cap Value ETF
iShares Morningstar Multi-Asset Income ETF
iShares Morningstar Small-Cap ETF
iShares Morningstar Small-Cap Growth ETF
iShares Morningstar Small-Cap Value ETF
iShares Mortgage Real Estate Capped ETF
iShares MSCI ACWI ETF
iShares MSCI ACWI ex U.S. ETF
iShares MSCI ACWI Low Carbon Target ETF
iShares MSCI All Country Asia ex Japan ETF
iShares MSCI All Country Asia ex Japan Small-Cap ETF
iShares MSCI All Country Asia Information Technology ETF
iShares MSCI All Peru Capped ETF
iShares MSCI Asia ex Japan Minimum Volatility ETF
iShares MSCI Australia Small-Cap ETF
iShares MSCI Brazil Small-Cap ETF
iShares MSCI Canada Small-Cap ETF
iShares MSCI China ETF
iShares MSCI China Small-Cap ETF
iShares MSCI Denmark Capped ETF
iShares MSCI EAFE ETF
iShares MSCI EAFE Growth ETF
iShares MSCI EAFE Minimum Volatility ETF
iShares MSCI EAFE Small-Cap ETF
iShares MSCI EAFE Value ETF
iShares MSCI Emerging Markets Latin America ETF
iShares MSCI Europe Financials ETF
iShares MSCI Europe Minimum Volatility ETF
iShares MSCI Europe Small-Cap ETF
iShares MSCI Finland Capped ETF
iShares MSCI Germany Small-Cap ETF
iShares MSCI Hong Kong Small-Cap ETF
iShares MSCI India ETF
iShares MSCI India Small-Cap ETF
iShares MSCI Indonesia ETF
iShares MSCI International Developed Momentum Factor ETF
iShares MSCI International Developed Quality Factor ETF
Distribution Agreement
Exhibit A (continued)
Index Series
iShares MSCI Ireland Capped ETF
iShares MSCI Japan Minimum Volatility ETF
iShares MSCI KLD 400 Social ETF
iShares MSCI Kokusai ETF
iShares MSCI New Zealand Capped ETF
iShares MSCI Norway Capped ETF
iShares MSCI Philippines ETF
iShares MSCI Poland Capped ETF
iShares MSCI Qatar Capped ETF
iShares MSCI Singapore Small-Cap ETF
iShares MSCI UAE Capped ETF
iShares MSCI United Kingdom ETF
iShares MSCI United Kingdom Small-Cap ETF
iShares MSCI USA ESG Select ETF
iShares MSCI USA Minimum Volatility ETF
iShares MSCI USA Momentum Factor ETF
iShares MSCI USA Quality Factor ETF
iShares MSCI USA Size Factor ETF
iShares MSCI USA Value Factor ETF
iShares Nasdaq Biotechnology ETF
iShares National AMT-Free Muni Bond ETF
iShares New York AMT-Free Muni Bond ETF
iShares North America Real Estate ETF
iShares North American Natural Resources ETF
iShares North American Tech ETF
iShares North American Tech-Multimedia Networking ETF
iShares North American Tech-Software ETF
iShares PHLX Semiconductor ETF
iShares Real Estate 50 ETF
iShares Residential Real Estate Capped ETF
iShares Russell 1000 ETF
iShares Russell 1000 Growth ETF
iShares Russell 1000 Value ETF
iShares Russell 2000 ETF
iShares Russell 2000 Growth ETF
iShares Russell 2000 Value ETF
iShares Russell 3000 ETF
iShares Russell Mid-Cap ETF
iShares Russell Mid-Cap Growth ETF
iShares Russell Mid-Cap Value ETF
iShares Russell Top 200 ETF
iShares Russell Top 200 Growth ETF
iShares Russell Top 200 Value ETF
iShares S&P 100 ETF
iShares S&P 500 Growth ETF
iShares S&P 500 Value ETF
iShares S&P Mid-Cap 400 Growth ETF
iShares S&P Mid-Cap 400 Value ETF
iShares S&P Small-Cap 600 Growth ETF
iShares S&P Small-Cap 600 Value ETF
iShares Select Dividend ETF
iShares Short Treasury Bond ETF
iShares Short-Term National AMT-Free Muni Bond ETF
Distribution Agreement
Exhibit A (continued)
Index Series
iShares TIPS Bond ETF
iShares Transportation Average ETF
iShares Treasury Floating Rate Bond ETF
iShares U.S. Aerospace & Defense ETF
iShares U.S. Basic Materials ETF
iShares U.S. Broker-Dealers ETF
iShares U.S. CapEx ETF
iShares U.S. Consumer Goods ETF
iShares U.S. Consumer Services ETF
iShares U.S. Energy ETF
iShares U.S. Financial Services ETF
iShares U.S. Financials ETF
iShares U.S. Healthcare ETF
iShares U.S. Healthcare Providers ETF
iShares U.S. Home Construction ETF
iShares U.S. Industrials ETF
iShares U.S. Insurance ETF
iShares U.S. Medical Devices ETF
iShares U.S. Oil & Gas Exploration & Production ETF
iShares U.S. Oil Equipment & Services ETF
iShares U.S. Pharmaceuticals ETF
iShares U.S. Preferred Stock ETF
iShares U.S. Real Estate ETF
iShares U.S. Regional Banks ETF
iShares U.S. Technology ETF
iShares U.S. Telecommunications ETF
iShares U.S. Utilities ETF
iShares Utilities Bond ETF
iShares Yield Optimized Bond ETF
Amended and Approved by the Board of Trustees of iShares Trust on March 24-25, 2015.
Exhibit (h.2)
EXHIBIT A
BTC Recipients
I. | BTC FUNDS |
iShares, Inc.
iShares Asia/Pacific Dividend ETF
iShares Core MSCI Emerging Markets ETF
iShares Currency Hedged MSCI Emerging Markets ETF
iShares Emerging Markets Corporate Bond ETF
iShares Emerging Markets Dividend ETF
iShares Emerging Markets High Yield Bond ETF
iShares Emerging Markets Local Currency Bond ETF
iShares Global ex USD High Yield Corporate Bond ETF
iShares Global High Yield Corporate Bond ETF
iShares Latin America Bond ETF
iShares MSCI All Country World Minimum Volatility ETF
iShares MSCI Australia ETF
iShares MSCI Austria Capped ETF
iShares MSCI Belgium Capped ETF
iShares MSCI Brazil Capped ETF
iShares MSCI BRIC ETF
iShares MSCI Canada ETF
iShares MSCI Chile Capped ETF
iShares MSCI Colombia Capped ETF
iShares MSCI Emerging Markets Asia ETF
iShares MSCI Emerging Markets Consumer Discretionary ETF
iShares MSCI Emerging Markets Eastern Europe ETF
iShares MSCI Emerging Markets EMEA ETF
iShares MSCI Emerging Markets Energy Capped ETF
iShares MSCI Emerging Markets ETF
iShares MSCI Emerging Markets Growth ETF
iShares MSCI Emerging Markets Horizon ETF
iShares MSCI Emerging Markets Minimum Volatility ETF
iShares MSCI Emerging Markets Small-Cap ETF
iShares MSCI Emerging Markets Value ETF
iShares MSCI Emerging Workforce ETF
iShares MSCI EMU ETF
iShares MSCI France ETF
iShares MSCI Frontier 100 ETF
iShares MSCI Germany ETF
iShares MSCI Global Agriculture Producers ETF
iShares MSCI Global Energy Producers ETF
iShares MSCI Global Gold Miners ETF
iShares MSCI Global Metals & Mining Producers ETF
iShares MSCI Global Silver Miners ETF
iShares MSCI Hong Kong ETF
iShares MSCI Israel Capped ETF
iShares MSCI Italy Capped ETF
iShares MSCI Japan ETF
iShares MSCI Japan Small-Cap ETF
iShares MSCI Malaysia ETF
iShares MSCI Mexico Capped ETF
iShares MSCI Netherlands ETF
iShares MSCI Pacific ex Japan ETF
iShares MSCI Russia Capped ETF
iShares MSCI Singapore ETF
iShares MSCI South Africa ETF
iShares MSCI South Korea Capped ETF
iShares MSCI Spain Capped ETF
iShares MSCI Sweden ETF
iShares MSCI Switzerland Capped ETF
iShares MSCI Taiwan ETF
iShares MSCI Thailand Capped ETF
iShares MSCI Turkey ETF
iShares MSCI USA ETF
iShares MSCI World ETF
iShares Trust
iShares 0-5 Year High Yield Corporate Bond ETF
iShares 0-5 Year Investment Grade Corporate Bond ETF
iShares 0-5 Year TIPS Bond ETF
iShares 1-3 Year Credit Bond ETF
iShares 1-3 Year International Treasury Bond ETF
iShares 1-3 Year Treasury Bond ETF
iShares 3-7 Year Treasury Bond ETF
iShares 7-10 Year Treasury Bond ETF
iShares 10+ Year Credit Bond ETF
iShares 10-20 Year Treasury Bond ETF
iShares 20+ Year Treasury Bond ETF
iShares Aaa - A Rated Corporate Bond ETF
iShares Agency Bond ETF
iShares Asia 50 ETF
iShares Asia Developed Real Estate ETF
iShares B - Ca Rated Corporate Bond ETF
iShares Baa - Ba Rated Corporate Bond ETF
iShares California AMT-Free Muni Bond ETF
iShares China Large-Cap ETF
iShares CMBS ETF
iShares Cohen & Steers REIT ETF
iShares Core 1-5 Year USD Bond ETF
iShares Core 10+ Year USD Bond ETF
iShares Core Aggressive Allocation ETF
iShares Core Conservative Allocation ETF
iShares Core Dividend Growth ETF
iShares Core GNMA Bond ETF
iShares Core Growth Allocation ETF
iShares Core High Dividend ETF
iShares Core Moderate Allocation ETF
iShares Core MSCI EAFE ETF
iShares Core MSCI Europe ETF
iShares Core MSCI Pacific ETF
iShares Core MSCI Total International Stock ETF
iShares Core S&P 500 ETF
iShares Core S&P Mid-Cap ETF
iShares Core S&P Small-Cap ETF
iShares Core S&P Total U.S. Stock Market ETF
iShares Core Total USD Bond Market ETF
iShares Core U.S. Aggregate Bond ETF
iShares Core U.S. Credit Bond ETF
iShares Core U.S. Growth ETF
iShares Core U.S. Treasury Bond ETF
iShares Core U.S. Value ETF
iShares Currency Hedged MSCI EAFE ETF
iShares Currency Hedged MSCI EMU ETF
iShares Currency Hedged MSCI Germany ETF
iShares Currency Hedged MSCI Japan ETF
iShares Dow Jones U.S. ETF
iShares Emerging Markets Infrastructure ETF
iShares Europe Developed Real Estate ETF
iShares Europe ETF
iShares Exponential Technologies ETF
iShares FactorSelect MSCI Global ETF
iShares FactorSelect MSCI International ETF
iShares FactorSelect MSCI Intl Small-Cap ETF
iShares FactorSelect MSCI USA ETF
iShares FactorSelect MSCI USA Small-Cap ETF
iShares Financials Bond ETF
iShares Floating Rate Bond ETF
iShares FTSE China ETF
iShares Global 100 ETF
iShares Global Clean Energy ETF
iShares Global Consumer Discretionary ETF
iShares Global Consumer Staples ETF
iShares Global Energy ETF
iShares Global Financials ETF
iShares Global Healthcare ETF
iShares Global Industrials ETF
iShares Global Inflation-Linked Bond ETF
iShares Global Infrastructure ETF
iShares Global Materials ETF
iShares Global REIT ETF
iShares Global Tech ETF
iShares Global Telecom ETF
iShares Global Timber & Forestry ETF
iShares Global Utilities ETF
iShares Government/Credit Bond ETF
iShares Human Rights ETF
iShares iBonds Dec 2016 Corporate ETF
iShares iBonds Dec 2017 Corporate ETF
iShares iBonds Dec 2018 Corporate ETF
iShares iBonds Dec 2019 Corporate ETF
iShares iBonds Dec 2020 Corporate ETF
iShares iBonds Dec 2021 Corporate ETF
iShares iBonds Dec 2022 Corporate ETF
iShares iBonds Dec 2023 Corporate ETF
iShares iBonds Dec 2024 Corporate ETF
iShares iBonds Dec 2025 Corporate ETF
iShares iBonds Mar 2016 Corporate ETF
iShares iBonds Mar 2018 Corporate ETF
iShares iBonds Mar 2020 Corporate ETF
iShares iBonds Mar 2023 Corporate ETF
iShares iBonds Mar 2016 Corporate ex-Financials ETF
iShares iBonds Mar 2018 Corporate ex-Financials ETF
iShares iBonds Mar 2020 Corporate ex-Financials ETF
iShares iBonds Mar 2023 Corporate ex-Financials ETF
iShares iBonds Sep 2015 AMT-Free Muni Bond ETF
iShares iBonds Sep 2016 AMT-Free Muni Bond ETF
iShares iBonds Sep 2017 AMT-Free Muni Bond ETF
iShares iBonds Sep 2018 AMT-Free Muni Bond ETF
iShares iBonds Sep 2019 AMT-Free Muni Bond ETF
iShares iBonds Sep 2020 AMT-Free Muni Bond ETF
iShares iBoxx $ High Yield Corporate Bond ETF
iShares iBoxx $ Investment Grade Corporate Bond ETF
iShares India 50 ETF
iShares Industrials Bond ETF
iShares Intermediate Credit Bond ETF
iShares Intermediate Government/Credit Bond ETF
iShares International Developed Property ETF
iShares International Developed Real Estate ETF
iShares International Inflation-Linked Bond ETF
iShares International Preferred Stock ETF
iShares International Select Dividend ETF
iShares International Treasury Bond ETF
iShares Japan Large-Cap ETF
iShares J.P. Morgan USD Emerging Markets Bond ETF
iShares Latin America 40 ETF
iShares MBS ETF
iShares Micro-Cap ETF
iShares Morningstar Large-Cap ETF
iShares Morningstar Large-Cap Growth ETF
iShares Morningstar Large-Cap Value ETF
iShares Morningstar Mid-Cap ETF
iShares Morningstar Mid-Cap Growth ETF
iShares Morningstar Mid-Cap Value ETF
iShares Morningstar Multi-Asset Income ETF
iShares Morningstar Small-Cap ETF
iShares Morningstar Small-Cap Growth ETF
iShares Morningstar Small-Cap Value ETF
iShares Mortgage Real Estate Capped ETF
iShares MSCI ACWI ETF
iShares MSCI ACWI ex U.S. ETF
iShares MSCI ACWI Low Carbon Target ETF
iShares MSCI All Country Asia ex Japan ETF
iShares MSCI All Country Asia ex Japan Small-Cap ETF
iShares MSCI All Country Asia Information Technology ETF
iShares MSCI All Peru Capped ETF
iShares MSCI Asia ex Japan Minimum Volatility ETF
iShares MSCI Australia Small-Cap ETF
iShares MSCI Brazil Small-Cap ETF
iShares MSCI Canada Small-Cap ETF
iShares MSCI China ETF
iShares MSCI China Small-Cap ETF
iShares MSCI Denmark Capped ETF
iShares MSCI EAFE ETF
iShares MSCI EAFE Growth ETF
iShares MSCI EAFE Minimum Volatility ETF
iShares MSCI EAFE Small-Cap ETF
iShares MSCI EAFE Value ETF
iShares MSCI Emerging Markets Latin America ETF
iShares MSCI Europe Financials ETF
iShares MSCI Europe Minimum Volatility ETF
iShares MSCI Europe Small-Cap ETF
iShares MSCI Finland Capped ETF
iShares MSCI Germany Small-Cap ETF
iShares MSCI Hong Kong Small-Cap ETF
iShares MSCI India ETF
iShares MSCI India Small-Cap ETF
iShares MSCI Indonesia ETF
iShares MSCI International Developed Momentum Factor ETF
iShares MSCI International Developed Quality Factor ETF
iShares MSCI Ireland Capped ETF
iShares MSCI Japan Minimum Volatility ETF
iShares MSCI KLD 400 Social ETF
iShares MSCI Kokusai ETF
iShares MSCI New Zealand Capped ETF
iShares MSCI Norway Capped ETF
iShares MSCI Philippines ETF
iShares MSCI Poland Capped ETF
iShares MSCI Qatar Capped ETF
iShares MSCI Singapore Small-Cap ETF
iShares MSCI UAE Capped ETF
iShares MSCI United Kingdom ETF
iShares MSCI United Kingdom Small-Cap ETF
iShares MSCI USA ESG Select ETF
iShares MSCI USA Minimum Volatility ETF
iShares MSCI USA Momentum Factor ETF
iShares MSCI USA Quality Factor ETF
iShares MSCI USA Size Factor ETF
iShares MSCI USA Value Factor ETF
iShares Nasdaq Biotechnology ETF
iShares National AMT-Free Muni Bond ETF
iShares New York AMT-Free Muni Bond ETF
iShares North America Real Estate ETF
iShares North American Natural Resources ETF
iShares North American Tech ETF
iShares North American Tech-Multimedia Networking ETF
iShares North American Tech-Software ETF
iShares PHLX Semiconductor ETF
iShares Real Estate 50 ETF
iShares Residential Real Estate Capped ETF
iShares Russell 1000 ETF
iShares Russell 1000 Growth ETF
iShares Russell 1000 Value ETF
iShares Russell 2000 ETF
iShares Russell 2000 Growth ETF
iShares Russell 2000 Value ETF
iShares Russell 3000 ETF
iShares Russell Mid-Cap ETF
iShares Russell Mid-Cap Growth ETF
iShares Russell Mid-Cap Value ETF
iShares Russell Top 200 ETF
iShares Russell Top 200 Growth ETF
iShares Russell Top 200 Value ETF
iShares S&P 100 ETF
iShares S&P 500 Growth ETF
iShares S&P 500 Value ETF
iShares S&P Mid-Cap 400 Growth ETF
iShares S&P Mid-Cap 400 Value ETF
iShares S&P Small-Cap 600 Growth ETF
iShares S&P Small-Cap 600 Value ETF
iShares Select Dividend ETF
iShares Short Treasury Bond ETF
iShares Short-Term National AMT-Free Muni Bond ETF
iShares TIPS Bond ETF
iShares Transportation Average ETF
iShares Treasury Floating Rate Bond ETF
iShares U.S. Aerospace & Defense ETF
iShares U.S. Basic Materials ETF
iShares U.S. Broker-Dealers ETF
iShares U.S. CapEx ETF
iShares U.S. Consumer Goods ETF
iShares U.S. Consumer Services ETF
iShares U.S. Energy ETF
iShares U.S. Financial Services ETF
iShares U.S. Financials ETF
iShares U.S. Healthcare ETF
iShares U.S. Healthcare Providers ETF
iShares U.S. Home Construction ETF
iShares U.S. Industrials ETF
iShares U.S. Insurance ETF
iShares U.S. Medical Devices ETF
iShares U.S. Oil & Gas Exploration & Production ETF
iShares U.S. Oil Equipment & Services ETF
iShares U.S. Pharmaceuticals ETF
iShares U.S. Preferred Stock ETF
iShares U.S. Real Estate ETF
iShares U.S. Regional Banks ETF
iShares U.S. Technology ETF
iShares U.S. Telecommunications ETF
iShares U.S. Utilities ETF
iShares Utilities Bond ETF
iShares Yield Optimized Bond ETF
iShares U.S. ETF Trust
iShares Commodities Select Strategy ETF
iShares Enhanced International Large-Cap ETF
iShares Enhanced International Small-Cap ETF
iShares Enhanced U.S. Large-Cap ETF
iShares Enhanced U.S. Small-Cap ETF
iShares Interest Rate Hedged Corporate Bond ETF
iShares Interest Rate Hedged High Yield Bond ETF
iShares Liquidity Income ETF
iShares Short Maturity Bond ETF
iShares Short Maturity Municipal Bond ETF
iShares U.S. Fixed Income Balanced Risk ETF
Exhibit (h.6)
Schedule A
Funds
iShares, Inc.
iShares Asia/Pacific Dividend ETF
iShares Core MSCI Emerging Markets ETF
iShares Currency Hedged MSCI Emerging Markets ETF
iShares Emerging Markets Corporate Bond ETF
iShares Emerging Markets Dividend ETF
iShares Emerging Markets High Yield Bond ETF
iShares Emerging Markets Local Currency Bond ETF
iShares Global ex USD High Yield Corporate Bond ETF
iShares Global High Yield Corporate Bond ETF
iShares Latin America Bond ETF
iShares MSCI All Country World Minimum Volatility ETF
iShares MSCI Australia ETF
iShares MSCI Austria Capped ETF
iShares MSCI Belgium Capped ETF
iShares MSCI Brazil Capped ETF
iShares MSCI BRIC ETF
iShares MSCI Canada ETF
iShares MSCI Chile Capped ETF
iShares MSCI Colombia Capped ETF
iShares MSCI Emerging Markets Asia ETF
iShares MSCI Emerging Markets Consumer Discretionary ETF
iShares MSCI Emerging Markets Eastern Europe ETF
iShares MSCI Emerging Markets EMEA ETF
iShares MSCI Emerging Markets Energy Capped ETF
iShares MSCI Emerging Markets ETF
iShares MSCI Emerging Markets Growth ETF
iShares MSCI Emerging Markets Horizon ETF
iShares MSCI Emerging Markets Minimum Volatility ETF
iShares MSCI Emerging Markets Small-Cap ETF
iShares MSCI Emerging Markets Value ETF
iShares MSCI Emerging Workforce ETF
iShares MSCI EMU ETF
iShares MSCI France ETF
iShares MSCI Frontier 100 ETF
iShares MSCI Germany ETF
iShares MSCI Global Agriculture Producers ETF
iShares MSCI Global Energy Producers ETF
iShares MSCI Global Gold Miners ETF
iShares MSCI Global Metals & Mining Producers ETF
iShares MSCI Global Silver Miners ETF
iShares MSCI Hong Kong ETF
iShares MSCI Israel Capped ETF
iShares MSCI Italy Capped ETF
iShares MSCI Japan ETF
iShares MSCI Japan Small-Cap ETF
iShares MSCI Malaysia ETF
iShares MSCI Mexico Capped ETF
iShares MSCI Netherlands ETF
iShares MSCI Pacific ex Japan ETF
iShares MSCI Russia Capped ETF
iShares MSCI Singapore ETF
iShares MSCI South Africa ETF
iShares MSCI South Korea Capped ETF
iShares MSCI Spain Capped ETF
iShares MSCI Sweden ETF
iShares MSCI Switzerland Capped ETF
iShares MSCI Taiwan ETF
iShares MSCI Thailand Capped ETF
iShares MSCI Turkey ETF
iShares MSCI USA ETF
iShares MSCI World ETF
iShares Trust
iShares 0-5 Year High Yield Corporate Bond ETF
iShares 0-5 Year Investment Grade Corporate Bond ETF
iShares 0-5 Year TIPS Bond ETF
iShares 1-3 Year Credit Bond ETF
iShares 1-3 Year International Treasury Bond ETF
iShares 1-3 Year Treasury Bond ETF
iShares 3-7 Year Treasury Bond ETF
iShares 7-10 Year Treasury Bond ETF
iShares 10+ Year Credit Bond ETF
iShares 10-20 Year Treasury Bond ETF
iShares 20+ Year Treasury Bond ETF
iShares Aaa - A Rated Corporate Bond ETF
iShares Agency Bond ETF
iShares Asia 50 ETF
iShares Asia Developed Real Estate ETF
iShares B - Ca Rated Corporate Bond ETF
iShares Baa - Ba Rated Corporate Bond ETF
iShares California AMT-Free Muni Bond ETF
iShares China Large-Cap ETF
iShares CMBS ETF
iShares Cohen & Steers REIT ETF
iShares Core 1-5 Year USD Bond ETF
iShares Core 10+ Year USD Bond ETF
iShares Core Aggressive Allocation ETF
iShares Core Conservative Allocation ETF
iShares Core Dividend Growth ETF
iShares Core GNMA Bond ETF
iShares Core Growth Allocation ETF
iShares Core High Dividend ETF
iShares Core Moderate Allocation ETF
iShares Core MSCI EAFE ETF
iShares Core MSCI Europe ETF
iShares Core MSCI Pacific ETF
iShares Core MSCI Total International Stock ETF
iShares Core S&P 500 ETF
iShares Core S&P Mid-Cap ETF
iShares Core S&P Small-Cap ETF
iShares Core S&P Total U.S. Stock Market ETF
iShares Core Total USD Bond Market ETF
iShares Core U.S. Aggregate Bond ETF
iShares Core U.S. Credit Bond ETF
iShares Core U.S. Growth ETF
iShares Core U.S. Treasury Bond ETF
iShares Core U.S. Value ETF
iShares Currency Hedged MSCI EAFE ETF
iShares Currency Hedged MSCI EMU ETF
iShares Currency Hedged MSCI Germany ETF
iShares Currency Hedged MSCI Japan ETF
iShares Dow Jones U.S. ETF
iShares Emerging Markets Infrastructure ETF
iShares Europe Developed Real Estate ETF
iShares Europe ETF
iShares Exponential Technologies ETF
iShares FactorSelect MSCI Global ETF
iShares FactorSelect MSCI International ETF
iShares FactorSelect MSCI Intl Small-Cap ETF
iShares FactorSelect MSCI USA ETF
iShares FactorSelect MSCI USA Small-Cap ETF
iShares Financials Bond ETF
iShares Floating Rate Bond ETF
iShares FTSE China ETF
iShares Global 100 ETF
iShares Global Clean Energy ETF
iShares Global Consumer Discretionary ETF
iShares Global Consumer Staples ETF
iShares Global Energy ETF
iShares Global Financials ETF
iShares Global Healthcare ETF
iShares Global Industrials ETF
iShares Global Inflation-Linked Bond ETF
iShares Global Infrastructure ETF
iShares Global Materials ETF
iShares Global REIT ETF
iShares Global Tech ETF
iShares Global Telecom ETF
iShares Global Timber & Forestry ETF
iShares Global Utilities ETF
iShares Government/Credit Bond ETF
iShares Human Rights ETF
iShares iBonds Dec 2016 Corporate ETF
iShares iBonds Dec 2017 Corporate ETF
iShares iBonds Dec 2018 Corporate ETF
iShares iBonds Dec 2019 Corporate ETF
iShares iBonds Dec 2020 Corporate ETF
iShares iBonds Dec 2021 Corporate ETF
iShares iBonds Dec 2022 Corporate ETF
iShares iBonds Dec 2023 Corporate ETF
iShares iBonds Dec 2024 Corporate ETF
iShares iBonds Dec 2025 Corporate ETF
iShares iBonds Mar 2016 Corporate ETF
iShares iBonds Mar 2018 Corporate ETF
iShares iBonds Mar 2020 Corporate ETF
iShares iBonds Mar 2023 Corporate ETF
iShares iBonds Mar 2016 Corporate ex-Financials ETF
iShares iBonds Mar 2018 Corporate ex-Financials ETF
iShares iBonds Mar 2020 Corporate ex-Financials ETF
iShares iBonds Mar 2023 Corporate ex-Financials ETF
iShares iBonds Sep 2015 AMT-Free Muni Bond ETF
iShares iBonds Sep 2016 AMT-Free Muni Bond ETF
iShares iBonds Sep 2017 AMT-Free Muni Bond ETF
iShares iBonds Sep 2018 AMT-Free Muni Bond ETF
iShares iBonds Sep 2019 AMT-Free Muni Bond ETF
iShares iBonds Sep 2020 AMT-Free Muni Bond ETF
iShares iBoxx $ High Yield Corporate Bond ETF
iShares iBoxx $ Investment Grade Corporate Bond ETF
iShares India 50 ETF
iShares Industrials Bond ETF
iShares Intermediate Credit Bond ETF
iShares Intermediate Government/Credit Bond ETF
iShares International Developed Property ETF
iShares International Developed Real Estate ETF
iShares International Inflation-Linked Bond ETF
iShares International Preferred Stock ETF
iShares International Select Dividend ETF
iShares International Treasury Bond ETF
iShares Japan Large-Cap ETF
iShares J.P. Morgan USD Emerging Markets Bond ETF
iShares Latin America 40 ETF
iShares MBS ETF
iShares Micro-Cap ETF
iShares Morningstar Large-Cap ETF
iShares Morningstar Large-Cap Growth ETF
iShares Morningstar Large-Cap Value ETF
iShares Morningstar Mid-Cap ETF
iShares Morningstar Mid-Cap Growth ETF
iShares Morningstar Mid-Cap Value ETF
iShares Morningstar Multi-Asset Income ETF
iShares Morningstar Small-Cap ETF
iShares Morningstar Small-Cap Growth ETF
iShares Morningstar Small-Cap Value ETF
iShares Mortgage Real Estate Capped ETF
iShares MSCI ACWI ETF
iShares MSCI ACWI ex U.S. ETF
iShares MSCI ACWI Low Carbon Target ETF
iShares MSCI All Country Asia ex Japan ETF
iShares MSCI All Country Asia ex Japan Small-Cap ETF
iShares MSCI All Country Asia Information Technology ETF
iShares MSCI All Peru Capped ETF
iShares MSCI Asia ex Japan Minimum Volatility ETF
iShares MSCI Australia Small-Cap ETF
iShares MSCI Brazil Small-Cap ETF
iShares MSCI Canada Small-Cap ETF
iShares MSCI China ETF
iShares MSCI China Small-Cap ETF
iShares MSCI Denmark Capped ETF
iShares MSCI EAFE ETF
iShares MSCI EAFE Growth ETF
iShares MSCI EAFE Minimum Volatility ETF
iShares MSCI EAFE Small-Cap ETF
iShares MSCI EAFE Value ETF
iShares MSCI Emerging Markets Latin America ETF
iShares MSCI Europe Financials ETF
iShares MSCI Europe Minimum Volatility ETF
iShares MSCI Europe Small-Cap ETF
iShares MSCI Finland Capped ETF
iShares MSCI Germany Small-Cap ETF
iShares MSCI Hong Kong Small-Cap ETF
iShares MSCI India ETF
iShares MSCI India Small-Cap ETF
iShares MSCI Indonesia ETF
iShares MSCI International Developed Momentum Factor ETF
iShares MSCI International Developed Quality Factor ETF
iShares MSCI Ireland Capped ETF
iShares MSCI Japan Minimum Volatility ETF
iShares MSCI KLD 400 Social ETF
iShares MSCI Kokusai ETF
iShares MSCI New Zealand Capped ETF
iShares MSCI Norway Capped ETF
iShares MSCI Philippines ETF
iShares MSCI Poland Capped ETF
iShares MSCI Qatar Capped ETF
iShares MSCI Singapore Small-Cap ETF
iShares MSCI UAE Capped ETF
iShares MSCI United Kingdom ETF
iShares MSCI United Kingdom Small-Cap ETF
iShares MSCI USA ESG Select ETF
iShares MSCI USA Minimum Volatility ETF
iShares MSCI USA Momentum Factor ETF
iShares MSCI USA Quality Factor ETF
iShares MSCI USA Size Factor ETF
iShares MSCI USA Value Factor ETF
iShares Nasdaq Biotechnology ETF
iShares National AMT-Free Muni Bond ETF
iShares New York AMT-Free Muni Bond ETF
iShares North America Real Estate ETF
iShares North American Natural Resources ETF
iShares North American Tech ETF
iShares North American Tech-Multimedia Networking ETF
iShares North American Tech-Software ETF
iShares PHLX Semiconductor ETF
iShares Real Estate 50 ETF
iShares Residential Real Estate Capped ETF
iShares Russell 1000 ETF
iShares Russell 1000 Growth ETF
iShares Russell 1000 Value ETF
iShares Russell 2000 ETF
iShares Russell 2000 Growth ETF
iShares Russell 2000 Value ETF
iShares Russell 3000 ETF
iShares Russell Mid-Cap ETF
iShares Russell Mid-Cap Growth ETF
iShares Russell Mid-Cap Value ETF
iShares Russell Top 200 ETF
iShares Russell Top 200 Growth ETF
iShares Russell Top 200 Value ETF
iShares S&P 100 ETF
iShares S&P 500 Growth ETF
iShares S&P 500 Value ETF
iShares S&P Mid-Cap 400 Growth ETF
iShares S&P Mid-Cap 400 Value ETF
iShares S&P Small-Cap 600 Growth ETF
iShares S&P Small-Cap 600 Value ETF
iShares Select Dividend ETF
iShares Short Treasury Bond ETF
iShares Short-Term National AMT-Free Muni Bond ETF
iShares TIPS Bond ETF
iShares Transportation Average ETF
iShares Treasury Floating Rate Bond ETF
iShares U.S. Aerospace & Defense ETF
iShares U.S. Basic Materials ETF
iShares U.S. Broker-Dealers ETF
iShares U.S. CapEx ETF
iShares U.S. Consumer Goods ETF
iShares U.S. Consumer Services ETF
iShares U.S. Energy ETF
iShares U.S. Financial Services ETF
iShares U.S. Financials ETF
iShares U.S. Healthcare ETF
iShares U.S. Healthcare Providers ETF
iShares U.S. Home Construction ETF
iShares U.S. Industrials ETF
iShares U.S. Insurance ETF
iShares U.S. Medical Devices ETF
iShares U.S. Oil & Gas Exploration & Production ETF
iShares U.S. Oil Equipment & Services ETF
iShares U.S. Pharmaceuticals ETF
iShares U.S. Preferred Stock ETF
iShares U.S. Real Estate ETF
iShares U.S. Regional Banks ETF
iShares U.S. Technology ETF
iShares U.S. Telecommunications ETF
iShares U.S. Utilities ETF
iShares Utilities Bond ETF
iShares Yield Optimized Bond ETF
iShares U.S. ETF Trust
iShares Commodities Select Strategy ETF
iShares Enhanced International Large-Cap ETF
iShares Enhanced International Small-Cap ETF
iShares Enhanced U.S. Large-Cap ETF
iShares Enhanced U.S. Small-Cap ETF
iShares Interest Rate Hedged Corporate Bond ETF
iShares Interest Rate Hedged High Yield Bond ETF
iShares Liquidity Income ETF
iShares Short Maturity Bond ETF
iShares Short Maturity Municipal Bond ETF
iShares U.S. Fixed Income Balanced Risk ETF
Approved by the Board of Trustees of iShares Trust and by the Board of Directors of iShares, Inc. on March 24-25, 2015, and by the Board of Trustees of iShares U.S. ETF Trust on December 3-4, 2014.
Exhibit (i)
LETTERHEAD OF RICHARDS, LAYTON & FINGER, P.A.
April 17, 2015
iShares Trust
c/o BlackRock Fund Advisors
400 Howard Street
San Francisco, CA 94105
Re: | iShares FactorSelect MSCI Global ETF |
iShares FactorSelect MSCI International ETF |
iShares FactorSelect MSCI Intl Small-Cap ETF |
iShares FactorSelect MSCI USA ETF |
iShares FactorSelect MSCI USA Small-Cap ETF |
Ladies and Gentlemen:
We have acted as special Delaware counsel for iShares Trust, a Delaware statutory trust (the Trust), in connection with the matters set forth herein. At your request, this opinion is being furnished to you.
For purposes of giving the opinions hereinafter set forth, our examination of documents has been limited to the examination of originals or copies of the following:
(a) | The Certificate of Trust of the Trust, as filed with the office of the Secretary of State of the State of Delaware (the Secretary of State) on December 16, 1999, as amended and restated by the Restated Certificate of Trust of the Trust (as amended and restated, the Certificate of Trust), as filed with the Secretary of State on September 15, 2006; |
(b) | The Agreement and Declaration of Trust, dated December 16, 1999, made by the trustee named therein, as amended and restated by the Agreement and Declaration of Trust, dated September 13, 2006, made by the trustees named therein, as further amended and restated by the Amended and Restated Agreement and Declaration of Trust, dated September 24, 2008, made by the trustees named therein, as further amended and restated by the Amended and Restated Agreement and Declaration of Trust, dated September 17, 2009 (as amended and restated on such date, the Trust Instrument), made by the trustees named therein; |
iShares Trust
April 17, 2015
Page 2
(c) | Post-Effective Amendment Nos. 1,404-1,408 (the Amendment), to be filed with the Securities and Exchange Commission (the SEC) on or about the date hereof, to the Trusts Registration Statement on Form N-1A (File Nos. 333-92935 and 811-09729), filed with the SEC on December 16, 1999 (as amended by the Amendment, the Registration Statement); |
(d) | The Amended and Restated By-Laws of the Trust, as approved by the Board of Trustees of the Trust (the Board) on December 8, 2006, as further amended and restated by the Amended and Restated By-Laws of the Trust, as approved by the Board on August 13, 2009, as further amended and restated by the Amended and Restated By-Laws of the Trust in effect on the date hereof as approved by the Board on April 20, 2010 (as amended and restated on such date, the By-laws); |
(e) | The Policy and Procedures Regarding the Naming of iShares Funds (the Fund Naming Policy) delegating naming determinations for series of the Trust to BlackRock Fund Advisors and its affiliated investment advisors; |
(f) | Copies of certain resolutions adopted by the Board (the Resolutions) on December 3-4, 2014, February 3, 2015 and March 24-25, 2015 with respect to the creation of those certain series of the Trust known as iShares FactorSelect MSCI Global ETF, iShares FactorSelect MSCI International ETF, iShares FactorSelect MSCI Intl Small-Cap ETF, iShares FactorSelect MSCI USA ETF, iShares FactorSelect MSCI USA Small-Cap ETF (each a Fund, and collectively, the Funds) and the issuance of certain shares of beneficial interest in the Funds (each, a Share and collectively, the Shares); |
(g) | A certificate of an officer of the Trust with respect to certain matters, dated April 17, 2015; and |
(h) | A Certificate of Good Standing for the Trust, dated April 16, 2015, obtained from the Secretary of State. |
Initially capitalized terms used herein and not otherwise defined are used as defined in the Trust Instrument.
For purposes of this opinion, we have not reviewed any documents other than the documents listed in paragraphs (a) through (h) above. In particular, we have not reviewed any document (other than the documents listed in paragraphs (a) through (h) above) that is referred to in or incorporated by reference into the documents reviewed by us. We have assumed that there exists no provision in any document that we have not reviewed that is inconsistent with the opinions stated herein. We have conducted no independent factual investigation of our own but
iShares Trust
April 17, 2015
Page 3
rather have relied solely upon the foregoing documents, the statements and information set forth therein and the additional matters recited or assumed herein, all of which we have assumed to be true, complete and accurate in all material respects.
With respect to all documents examined by us, we have assumed (i) the authenticity of all documents submitted to us as authentic originals, (ii) the conformity with the originals of all documents submitted to us as copies or forms, and (iii) the genuineness of all signatures.
For purposes of this opinion, we have assumed (i) that the Trust Instrument constitutes the entire agreement among the parties thereto with respect to the subject matter thereof, including with respect to the creation, operation and termination of the Trust, and that the Trust Instrument, the By-laws and the Certificate of Trust are in full force and effect and will not be amended, (ii) except to the extent provided in paragraph 1 below, the due organization or due formation, as the case may be, and valid existence in good standing of each party to the documents examined by us under the laws of the jurisdiction governing its organization or formation, (iii) the legal capacity of natural persons who are parties to the documents examined by us, (iv) that each of the parties (other than the Trust) to the documents examined by us has the power and authority to execute and deliver, and to perform its obligations under, such documents, (v) the due authorization, execution and delivery by all parties thereto of all documents examined by us, (vi) the payment by each Person to whom a Share has been or is to be issued by the Trust (collectively, the Shareholders) for such Share, in accordance with the Trust Instrument, the Resolutions and as contemplated by the Registration Statement, (vii) that the officers of the Trust acted within their authority when registering the name of the Fund as such name appears in the Registration Statement, and (viii) that the Shares have been and are issued and sold to the Shareholders in accordance with the Trust Instrument, the Resolutions and as contemplated by the Registration Statement. We have not participated in the preparation of the Registration Statement and assume no responsibility for its contents.
This opinion is limited to the laws of the State of Delaware (excluding the securities laws of the State of Delaware), and we have not considered and express no opinion on the laws of any other jurisdiction, including federal laws and rules and regulations relating thereto. Our opinions are rendered only with respect to Delaware laws and rules, regulations and orders thereunder which are currently in effect.
Based upon the foregoing, and upon our examination of such questions of law and statutes of the State of Delaware as we have considered necessary or appropriate, and subject to the assumptions, qualifications, limitations and exceptions set forth herein, we are of the opinion that:
1. The Trust has been duly created and is validly existing in good standing as a statutory trust under the Delaware Statutory Trust Act, 12 Del. C. § 3801, et seq.
iShares Trust
April 17, 2015
Page 4
2. The Shares of the Trust have been duly authorized and, when issued, will be validly issued, fully paid and nonassessable beneficial interests in the Trust.
We consent to the filing of this opinion with the Securities and Exchange Commission as an exhibit to the Registration Statement. In giving the foregoing consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission thereunder.
Very truly yours,
/s/ Richards, Layton & Finger, P.A.
RJF/KNR
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