(as revised March 2, 2023) |
2022 Prospectus |
• | iShares ESG MSCI EM Leaders ETF | LDEM | NASDAQ |
Ticker: LDEM | Stock Exchange: Nasdaq |
(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 Expenses1 |
Total Annual Fund Operating Expenses | |||
1 | |
1 Year | 3 Years | 5 Years | 10 Years | |||
$ |
$ |
$ |
$ |
1 |
One Year | Since Fund Inception | ||
(Inception Date: |
|||
Return Before Taxes |
- |
||
Return After Taxes on Distributions2 |
- |
||
Return After Taxes on Distributions and Sale of Fund Shares2 |
- |
||
MSCI EM Extended ESG Leaders 5% Issuer Capped Index (Index returns do not reflect deductions for fees, expenses or taxes) |
2 | |
■ | Government intervention in issuers' operations or structure; |
■ | A lack of market 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 the risk of being delisted from U.S. exchanges; and |
■ | Legal principles relating to corporate governance, directors’ fiduciary duties and liabilities and stockholders’ rights in markets in which the Fund invests may differ from or may not be as extensive or protective as those that apply in the U.S. |
■ | The risk of delays in settling portfolio transactions and the risk of loss arising out of the system of share registration and custody used in Russia; |
■ | Risks in connection with the maintenance of the Fund’s portfolio securities and cash with foreign sub-custodians and securities depositories, including the risk that appropriate sub-custody arrangements will not be available to the Fund; |
■ | The risk that the Fund’s ownership rights in portfolio securities could be lost through fraud or negligence because ownership in shares of Russian companies is recorded by the companies themselves and by registrars, rather than by a central registration system; |
■ | The risk that the Fund may not be able to pursue claims on behalf of its shareholders |
■ | The risk that various responses by other nation-states to alleged Russian cyber activity will impact Russia’s economy and Russian issuers of securities in which the Fund invests. |
iShares ESG MSCI EM Leaders ETF | |||||
Year Ended 08/31/22 |
Year Ended 08/31/21 |
Period From 02/05/20(a) to 08/31/20 | |||
Net asset value, beginning of period | $63.49 | $51.84 | $51.43 | ||
Net investment income(b) | 0.96 | 1.01 | 0.79 | ||
Net realized and unrealized gain (loss)(c) | (16.79) | 11.67 | (0.03) | ||
Net increase (decrease) from investment operations | (15.83) | 12.68 | 0.76 | ||
Distributions(d) | |||||
From net investment income | (0.90) | (1.03) | (0.35) | ||
From net realized gain | (0.30) | — | — | ||
Total distributions | (1.20) | (1.03) | (0.35) | ||
Net asset value, end of period | $46.46 | $63.49 | $51.84 | ||
Total Return(e) | |||||
Based on net asset value | (25.25)%(f) | 24.68% | 1.54%(g) | ||
Ratios to Average Net Assets(h) | |||||
Total expenses | 0.16% | 0.16% | 0.16%(i) | ||
Net investment income | 1.60% | 1.66% | 3.04%(i) | ||
Supplemental Data | |||||
Net assets, end of period (000) | $60,394 | $882,529 | $647,969 | ||
Portfolio turnover rate(j) | 17% | 34% | 19%(g) | ||
(a) Commencement of operations. | |||||
(b) Based on average shares outstanding. | |||||
(c) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||||
(d) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||
(e) Where applicable, assumes the reinvestment of distributions. | |||||
(f) Includes payments received from an affiliate, which impacted the Fund's total return. Excluding payments, the Fund's total return would have been -26.07%. | |||||
(g) Not annualized. | |||||
(h) Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | |||||
(i) Annualized. | |||||
(j) Portfolio turnover rate excludes in-kind transactions. |
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 | Listing Exchange | ||
iShares ESG Advanced MSCI EM ETF | EMXF | Nasdaq | ||
iShares ESG MSCI EM Leaders ETF | LDEM | Nasdaq | ||
iShares MSCI Brazil Small-Cap ETF | EWZS | Nasdaq | ||
iShares MSCI China ETF | MCHI | Nasdaq | ||
iShares MSCI China Multisector Tech ETF | TCHI | Nasdaq | ||
iShares MSCI China Small-Cap ETF | ECNS | NYSE Arca | ||
iShares MSCI Global Sustainable Development Goals ETF | SDG | Nasdaq | ||
iShares MSCI India ETF | INDA | Cboe BZX | ||
iShares MSCI India Small-Cap ETF | SMIN | Cboe BZX | ||
iShares MSCI Kuwait ETF | KWT | Cboe BZX | ||
iShares MSCI Peru ETF | EPU | NYSE Arca | ||
iShares MSCI Qatar ETF | QAT | Nasdaq | ||
iShares MSCI Saudi Arabia ETF | KSA | NYSE Arca | ||
iShares MSCI UAE ETF | UAE | Nasdaq |
• | iShares ESG Advanced MSCI EM ETF |
• | iShares ESG MSCI EM Leaders ETF |
• | iShares MSCI Brazil Small-Cap ETF |
• | iShares MSCI China ETF |
• | iShares MSCI China Multisector Tech ETF |
• | iShares MSCI China Small-Cap ETF |
• | iShares MSCI Global Sustainable Development Goals ETF |
• | iShares MSCI India ETF |
• | iShares MSCI India Small-Cap ETF |
• | iShares MSCI Kuwait ETF |
• | iShares MSCI Peru ETF |
• | iShares MSCI Qatar ETF |
• | iShares MSCI Saudi Arabia ETF |
• | iShares MSCI UAE ETF |
Diversified Funds | Non-Diversified Funds | |
iShares ESG MSCI EM Leaders ETF | iShares ESG Advanced MSCI EM ETF | |
iShares MSCI Brazil Small-Cap ETF | iShares MSCI China ETF | |
iShares MSCI China Small-Cap ETF | iShares MSCI China Multisector Tech ETF | |
iShares MSCI Global Sustainable Development Goals ETF | iShares MSCI India ETF | |
iShares MSCI India Small-Cap ETF | iShares MSCI Kuwait ETF |
Diversified Funds | Non-Diversified Funds | |
iShares MSCI Peru ETF | ||
iShares MSCI Qatar ETF | ||
iShares MSCI Saudi Arabia ETF | ||
iShares MSCI UAE ETF |
• | Communications of Data Files: A Fund may make available through the facilities of the National Securities Clearing Corporation (“NSCC”) or through posting on the www.iShares.com, prior to the opening of trading on each business day, a list of a Fund’s holdings (generally pro-rata) that Authorized Participants could deliver to a Fund to settle purchases of a Fund (i.e. Deposit Securities) or that Authorized Participants would receive from a Fund to settle redemptions of a Fund (i.e. Fund Securities). These files are known as the Portfolio Composition File and the Fund Data File (collectively, “Files”). The Files are applicable for the next trading day and are provided to the NSCC and/or posted on www.iShares.com after the close of markets in the U.S. |
• | Communications with Authorized Participants and Liquidity Providers: Certain employees of BFA are responsible for interacting with Authorized Participants and liquidity providers with respect to discussing custom basket proposals as described in the Custom Baskets section of this SAI. As part of these discussions, these employees may discuss with an Authorized Participant or liquidity provider the securities a Fund is willing to accept for a creation, and securities that a Fund will provide on a redemption. |
• | Communications with Listing Exchanges: From time to time, employees of BFA may discuss portfolio holdings information with the applicable primary listing exchange for a Fund as needed to meet the exchange listing standards. |
• | Communications with Other Portfolio Managers: Certain information may be provided to employees of BFA who manage funds that invest a significant percentage of their assets in shares of an underlying fund as necessary to manage the fund’s investment objective and strategy. |
• | Communication of Other Information: Certain explanatory information regarding the Files is released to Authorized Participants and liquidity providers on a daily basis, but is only done so after the Files are posted to www.iShares.com. |
• | Third-Party Service Providers: Certain portfolio holdings information may be disclosed to Fund Trustees and their counsel, outside counsel for the Funds, auditors and to certain third-party service providers (i.e., fund administrator, custodian, proxy voting service) for which a non-disclosure, confidentiality agreement or other obligation is in place with such service providers, as may be necessary to conduct business in the ordinary course in a manner consistent with applicable policies, agreements with the Funds, the terms of the current registration statements and federal securities laws and regulations thereunder. |
• | Liquidity Metrics: “Liquidity Metrics,” which seek to ascertain a Fund’s liquidity profile under BlackRock’s global liquidity risk methodology, include but are not limited to: (a) disclosure regarding the number of days needed to liquidate a portfolio or the portfolio’s underlying investments; and (b) the percentage of a Fund’s NAV invested in a particular liquidity tier under BlackRock’s global liquidity risk methodology. The dissemination of position-level liquidity metrics data and any non-public regulatory data pursuant to the Liquidity Rule (including SEC liquidity tiering) is not permitted unless pre-approved. Disclosure of portfolio-level liquidity metrics prior to 60 calendar days after calendar quarter-end requires a non-disclosure or confidentiality agreement and approval of the Trust’s Chief Compliance Officer. Portfolio-level liquidity metrics disclosure subsequent to 60 calendar days after calendar quarter-end requires the approval of portfolio management and must be disclosed to all parties requesting the information if disclosed to any party. |
• | Achieving global size integrity by ensuring that companies of comparable and relevant sizes are included in a given size segment across all markets in a composite index; and |
• | Achieving consistent market coverage by ensuring that each market's size segment is represented in its proportional weight in the composite universe. |
• | MSCI Global Standard Indexes cover all investable large- and mid-cap securities by including the largest issuers comprising approximately 85% of each market’s free float-adjusted market capitalization. |
• | MSCI Global Large Cap Indexes provide coverage of all investable large-cap securities by including the largest issuers comprising approximately 70% of each market’s free float-adjusted market capitalization. |
• | MSCI Global Mid Cap Indexes provide coverage in each market by deriving the difference between the market coverage of the MSCI Global Standard Index and the MSCI Global Large Cap Index in that market. |
• | MSCI Global Small Cap Indexes provide coverage of companies with a market capitalization below that of the companies in the MSCI Global Standard Indexes. |
• | Semi-Annual Index Reviews (“SAIRs”), conducted on a fixed semi-annual timetable that systematically reassess the various dimensions of the equity universe for all markets; |
• | Quarterly Index Reviews (“QIRs”), aimed at promptly reflecting other significant market events; and |
• | Ongoing event-related changes, such as mergers, acquisitions, spin-offs, bankruptcies, reorganizations and other similar corporate events, which generally are implemented in the indexes as they occur. |
• | Communication services sub-industries: interactive home entertainment and interactive media and services |
• | Consumer discretionary sub-industries: computer and electronics retail, consumer electronics, education services, household appliances, Internet and direct marketing retail, movies and entertainment, and publishing |
• | Financials sub-industries: consumer finance and financial exchanges and data |
• | Health care sub-industry: health care technology |
• | Industrials sub-industry: industrial machinery |
• | Information technology sub-industries: application software, communications equipment, data processing and outsourced services, electrical components and equipment, electronic components, electronic equipment and instruments, electronic manufacturing services, Internet services and infrastructure, IT consulting and other services, semiconductor equipment, semiconductors, systems software, technology distributors, and technology hardware, storage and peripherals |
• | All companies that derive 5% or more aggregate revenue from the production, distribution and retail, and all companies that produce, direct, or publish adult entertainment materials that fall into the following categories: producer of X-rated films, pay-per-view programming or channels, sexually explicit video games, books or magazines with adult content, live entertainment of an adult nature, and adults-only material on the internet; |
• | All companies deriving 5% or more revenue from the manufacture of alcoholic products, all companies classified as a “producer” that derive $500 million or more in revenue from manufacturing, distributing, retailing, licensing, and supplying alcoholic products, and all companies deriving 15% or more aggregate revenue from the manufacture, distribution, retailing, licensing, and supply of alcoholic products; |
• | All companies deriving 5% or more revenue from ownership or operation of gambling facilities such as casinos, racetracks, bingo parlors, or other betting establishments, all companies classified as involved in “operations” that derive $500 million or more in revenue from ownership or operation of gambling facilities, provision of key products or services fundamental to gambling operations, and licensing of gambling products, and all companies deriving 15% or more aggregate revenue from ownership or operation of gambling facilities, provision of key products or services fundamental to gambling operations, and licensing of gambling products; |
• | All companies that manufacture tobacco products, such as cigars, blunts, cigarettes, e-cigarettes, inhalers, beedis, kreteks, smokeless tobacco, snuff, snus, dissolvable and chewing tobacco (including companies that grow or process raw tobacco leaves), and all companies deriving 5% or more aggregate revenue from the manufacture, distribution, retailing, licensing, and supply of tobacco products; |
• | All companies deriving revenue from genetically modifying plants, such as seeds and crops, and other organisms intended for agricultural use or human consumption; |
• | All companies with any tie to “controversial weapons” (cluster munitions, landmines, depleted uranium weapons, biological/chemical weapons, blinding lasers, non-detectable fragments and incendiary weapons), as defined by MSCI; |
• | All companies that manufacture nuclear warheads and/or whole nuclear missiles (including assembly and integration of warhead and missile body, as well as companies with contracts to operate/manage government-owned facilities that manufacture nuclear warheads and missiles), all companies that manufacture components that were developed or are significantly modified for exclusive use in nuclear weapons (warheads and missiles) (including companies with contracts to operate/manage government-owned facilities that manufacture components for nuclear warheads and missiles), all companies that manufacture or assemble delivery platforms that were developed or significantly modified for the exclusive delivery of nuclear weapons, all companies that provide auxiliary services related to nuclear weapons (such as repairing and maintaining nuclear weapons, providing overhaul and upgrade services, stockpiling and stewardship, R&D work, testing and simulations, etc.) (including companies with contracts to operate/manage government-owned facilities that conduct R&D, testing, simulations, and other essential sciences on nuclear weapons), all companies that manufacture components that were not developed or not significantly modified for exclusive use in nuclear weapons (warheads and missiles) but can be used in nuclear weapons, all companies that manufacture or assemble delivery platforms that were not developed or not significantly modified for the exclusive delivery of nuclear weapons but have the capability to deliver nuclear weapons, and all companies that manufacture components for nuclear-exclusive delivery platforms; |
• | All companies that manufacture firearms and small arms ammunitions for civilian markets (but not including companies that cater to the military, government, and law enforcement markets), all companies deriving 5% or more aggregate revenue from the production and distribution (wholesale or retail) of firearms or small arms ammunition intended for civilian use, and all companies deriving $20 million or more revenue from the production and distribution (wholesale or retail) of firearms or small arms ammunition intended for civilian use; |
• | All companies deriving 5% or more revenue from the production of conventional weapons and components, all companies deriving 10% or more aggregate revenue from weapons systems, components, and support systems and services for conventional weapons; |
• | All companies deriving 50% or more revenue from involvement in the operation of “for profit prisons” (also known as “private prisons”) or the provision of integral services to these types of facilities; |
• | All companies deriving 5% or more revenue from products and services associated with certain controversial lending practices; |
• | All companies deriving revenue from cultivating oil palm trees and harvesting fresh fruit bunches (FFBs) used to produce palm oil products, or 5% or more revenue from distributing palm oil products, such as crude palm oil, crude palm kernel oil, refined, bleached, and/or deodorized palm oil and palm kernel oil (however, companies that have 75% or more of their palm oil holdings or estates certified by the Roundtable on Sustainable Palm Oil are added back in); |
• | All companies that own or operate nuclear power plants, own or operate active uranium mines, are involved in uranium enrichment and processing, are involved in the design and engineering of nuclear power reactors, or derive 15% or more aggregate revenue from ownership or operation of nuclear power plants and supply of key nuclear-specific products or services (however, companies that derive 50% or more revenue from products, services, or infrastructure projects supporting the development or delivery of renewable energy and alternative fuels are added back in); and |
• | All companies with an industry tie to fossil fuels (thermal coal, oil and gas) - in particular, reserve ownership, related revenues and power generation, but not including companies providing evidence of owning metallurgical coal reserves (however, all companies that derive 50% or more revenue from products, services, or infrastructure projects supporting the development or delivery of renewable energy and alternative fuels, but that do not have an industry tie to thermal coal (i.e., reserve ownership, production, and power generation), an industry tie to oil sands (i.e., reserve ownership and production activities), or evidence of owning fossil fuel reserves used most likely for energy applications are added back in). |
• | Alcohol producers that earn 10% or more of revenue from production of alcohol-related products; |
• | Tobacco producers that earn 5% or more of revenue from production; 15% or more of revenue if a retailer, distributor, supplier, or licensor; |
• | Gambling support and operations companies that earn 10% or more of revenue from operations from gambling-related products; |
• | Nuclear power companies with 10% or more of revenue from generation or installation attributed to nuclear sources, all companies involved in nuclear fuel enrichment for nuclear power generation, all companies involved in uranium mining for nuclear power generation, and all companies involved in nuclear reactor design or construction for nuclear power generation; |
• | Companies that manufacture conventional weapons components or conventional weapons and weapons systems and earn 10% or more of revenues from these activities; |
• | Manufacturers of nuclear weapon components or systems that earn 10% or more of revenue from these activities; |
• | Companies with any tie to controversial weapons such as cluster munitions, landmines, depleted uranium weapons, biological/chemical weapons, blinding lasers, non-detectable fragments and incendiary weapons; |
• | Companies involved in thermal coal and unconventional oil and gas businesses that earn 5% or more in revenue from thermal coal extraction and/or oil sands extraction, and 5% or more in revenue from thermal coal generation; and |
• | Producers of firearms and small arms ammunitions for civilian markets (not including companies that cater to the military, government, and law enforcement markets), all companies deriving 5% or more revenue from the distribution (wholesale or retail) of firearms or small arms ammunition intended for civilian use, and all companies that earn more than $20 million in revenue, from civilian firearms-related products. |
1. | Concentrate its investments (i.e., invest 25% or more of its total assets in the securities of a particular industry or group of industries), except that the Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of such particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. |
2. | Borrow money, except that (i) the Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities, and (ii) the Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), the Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue any senior security, except as permitted under the 1940 Act, as amended, and as interpreted, modified or otherwise permitted by any regulatory authority having jurisdiction, from time to time. |
4. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate unless acquired as a result of ownership of securities or other instruments (but this restriction shall not prevent the Fund from investing in securities of companies engaged in the real estate business or securities or other instruments backed by real estate or mortgages), or commodities or commodity contracts (but this restriction shall not prevent the Fund from trading in futures contracts and options on futures contracts, including options on currencies to the extent consistent with the Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that the Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
7. | The Fund will not acquire more than 24.9% of the outstanding securities of any portfolio issuer (determined at the time of acquisition). |
8. | The Fund will abstain from voting the securities of a portfolio issuer on any matter, if the Fund's aggregate holdings of the securities of such portfolio issuer constitute in excess of 9.9% of the outstanding voting securities of such portfolio issuer at the time of the vote. |
9. | The Fund will not make any investment for the purpose of exercising control or management of a portfolio issuer. |
1. | Concentrate its investments (i.e., invest 25% or more of its total assets in the securities of a particular industry or group of industries), except that each Fund will concentrate to approximately the same extent that its Underlying Index concentrates in the securities of a particular industry or group of industries. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. |
government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry. | |
2. | Borrow money, except that (i) each Fund may borrow from banks for temporary or emergency (not leveraging) purposes, including the meeting of redemption requests which might otherwise require the untimely disposition of securities; and (ii) each Fund may, to the extent consistent with its investment policies, enter into repurchase agreements, reverse repurchase agreements, forward roll transactions and similar investment strategies and techniques. To the extent that it engages in transactions described in (i) and (ii), each Fund will be limited so that no more than 33 1/3% of the value of its total assets (including the amount borrowed) is derived from such transactions. Any borrowings which come to exceed this amount will be reduced in accordance with applicable law. |
3. | Issue any senior security, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by any regulatory authority having jurisdiction, from time to time. |
4. | Make loans, except as permitted under the 1940 Act, as interpreted, modified or otherwise permitted by regulatory authority having jurisdiction, from time to time. |
5. | Purchase or sell real estate unless acquired as a result of ownership of securities or other instruments (but this restriction shall not prevent each Fund from investing in securities of companies engaged in the real estate business or securities or other instruments backed by real estate or mortgages), or commodities or commodity contracts (but this restriction shall not prevent each Fund from trading in futures contracts and options on futures contracts, including options on currencies to the extent consistent with each Fund’s investment objective and policies). |
6. | Engage in the business of underwriting securities issued by other persons, except to the extent that each Fund may technically be deemed to be an underwriter under the 1933 Act, in disposing of portfolio securities. |
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 REITs, 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. |
Name (Year of Birth) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Robert S. Kapito1 (1957) |
Trustee (since 2009). |
President, BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’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). | Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Salim Ramji2 (1970) |
Trustee (since 2019). | Senior Managing Director, BlackRock, Inc. (since 2014); Global Head of BlackRock’s ETF and Index Investments Business (since 2019); Head of BlackRock’s U.S. Wealth Advisory Business (2015-2019); Global Head of Corporate Strategy, BlackRock, Inc. (2014-2015); Senior Partner, McKinsey & Company (2010-2014). | Director of iShares, Inc. (since 2019); Trustee of iShares U.S. ETF Trust (since 2019). |
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. and its affiliates. |
2 | Salim Ramji 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 (Year of Birth) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
John E. Kerrigan (1955) |
Trustee (since 2005); Independent Board Chair (since 2022). |
Chief Investment Officer, Santa Clara University (since 2002). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares, Inc. and iShares U.S. ETF Trust (since 2022). | |||
Jane D. Carlin (1956) |
Trustee (since 2015); Risk Committee Chair (since 2016). |
Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012). | Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016). | |||
Richard L. Fagnani (1954) |
Trustee (since 2017); Audit Committee Chair (since 2019). |
Partner, KPMG LLP (2002-2016); Director of One Generation Away (since 2021). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). |
Name (Year of Birth) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Cecilia H. Herbert (1949) |
Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2022). |
Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York's public media company (since 2011) and Member of the Audit Committee (since 2018), Investment Committee (since 2011) and Personnel Committee (since 2022); Chair (1994-2005) and Member (1992-2021) of the Investment Committee, Archdiocese of San Francisco; Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018); 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; Director of the Senior Center of Jackson Hole (since 2020); Director of the Jackson Hole Center for the Arts (since 2021); Member of the Wyoming State Investment Funds Committee (since 2022). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011). | |||
Drew E. Lawton (1959) |
Trustee (since 2017); 15(c) Committee Chair (since 2017). |
Senior Managing Director of New York Life Insurance Company (2010-2015). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017); Director of Jackson Financial Inc. (since 2021). | |||
John E. Martinez (1961) |
Trustee (since 2003); Securities Lending Committee Chair (since 2019). |
Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016). | Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011). |
Name (Year of Birth) | Position | Principal Occupation(s) During the Past 5 Years |
Other Directorships Held by Trustee | |||
Madhav V. Rajan (1964) |
Trustee (since 2011); Fixed Income Plus Committee Chair (since 2019). |
Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016). | Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011). |
Name (Year of Birth) | Position | Principal Occupation(s) During the Past 5 Years | ||
Armando Senra (1971) |
President (since 2019). | Managing Director, BlackRock, Inc. (since 2007); Head of U.S., Canada and Latin America iShares, BlackRock, Inc. (since 2019); Head of Latin America Region, BlackRock, Inc. (2006-2019); Managing Director, Bank of America Merrill Lynch (1994-2006). | ||
Trent Walker (1974) |
Treasurer and Chief Financial Officer (since 2020). |
Managing Director of BlackRock, Inc. (since September 2019); Chief Financial Officer of iShares Delaware Trust Sponsor LLC, BlackRock Funds, BlackRock Funds II, BlackRock Funds IV, BlackRock Funds V and BlackRock Funds VI (since 2021); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds. |
Name (Year of Birth) | Position | Principal Occupation(s) During the Past 5 Years | ||
Charles Park (1967) |
Chief Compliance Officer (since 2006). | Chief Compliance Officer of BlackRock Advisors, LLC and the BlackRock-advised Funds in the BlackRock Multi-Asset Complex and the BlackRock Fixed-Income Complex (since 2014); Chief Compliance Officer of BFA (since 2006). | ||
Marisa Rolland (1980) |
Secretary (since 2022). | Managing Director, BlackRock, Inc. (since 2023); Director, BlackRock, Inc. (2018-2022); Vice President, BlackRock, Inc. (2010-2017). | ||
Rachel Aguirre (1982) |
Executive Vice President (since 2022). | Managing Director, BlackRock, Inc. (since 2018); Director, BlackRock, Inc. (2009-2018); Head of U.S. iShares Product (since 2022); Head of EII U.S. Product Engineering (since 2021); Co-Head of EII’s Americas Portfolio Engineering (2020-2021); Head of Developed Markets Portfolio Engineering (2016-2019). | ||
Jennifer Hsui (1976) |
Executive Vice President (since 2022). | Managing Director, BlackRock, Inc. (since 2009); Co-Head of Index Equity (since 2022). | ||
James Mauro (1970) |
Executive Vice President (since 2021). | Managing Director, BlackRock, Inc. (since 2010); Head of Fixed Income Index Investments in the Americas and Head of San Francisco Core Portfolio Management (since 2020). |
Name | Fund | Dollar Range of Equity Securities in Named 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 | |||
Salim Ramji | iShares Broad USD Investment Grade Corporate Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Commodity Curve Carry Strategy ETF | $50,001-$100,000 | |||||
iShares Core Dividend Growth ETF | Over $100,000 | |||||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | $1-$10,000 | |||||
iShares Core S&P 500 ETF | $1-$10,000 | |||||
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 | $1-$10,000 | |||||
iShares Expanded Tech Sector ETF | $1-$10,000 | |||||
iShares Expanded Tech-Software Sector ETF | $1-$10,000 | |||||
iShares GSCI Commodity Dynamic Roll Strategy ETF | $50,001-$100,000 | |||||
iShares MSCI USA ESG Select ETF | $1-$10,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $1-$10,000 | |||||
iShares TIPS Bond ETF | $50,001-$100,000 | |||||
John E. Kerrigan | iShares Core S&P 500 ETF | Over $100,000 | Over $100,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Core S&P Small-Cap ETF | $50,001-$100,000 | |||||
iShares ESG Advanced MSCI EAFE ETF | $1-$10,000 | |||||
iShares ESG Advanced MSCI USA ETF | $10,001-$50,000 | |||||
iShares ESG Aware MSCI EAFE ETF | $10,001-$50,000 | |||||
iShares ESG Aware MSCI EM ETF | $50,001-$100,000 | |||||
iShares ESG Aware MSCI USA ETF | Over $100,000 | |||||
iShares ESG Aware MSCI USA Small-Cap ETF | $10,001-$50,000 | |||||
iShares Exponential Technologies ETF | Over $100,000 | |||||
iShares Genomics Immunology and Healthcare ETF | $10,001-$50,000 | |||||
iShares Global Clean Energy ETF | Over $100,000 | |||||
iShares Global Infrastructure ETF | Over $100,000 | |||||
iShares Global Tech ETF | $10,001-$50,000 | |||||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares MSCI EAFE Growth ETF | Over $100,000 | |||||
iShares MSCI EAFE Value ETF | Over $100,000 | |||||
iShares MSCI KLD 400 Social ETF | $10,001-$50,000 | |||||
iShares MSCI USA ESG Select ETF | $1-$10,000 | |||||
iShares MSCI USA Min Vol Factor ETF | $10,001-$50,000 | |||||
iShares MSCI USA Value Factor ETF | $50,001-$100,000 | |||||
iShares U.S. Energy ETF | $10,001-$50,000 | |||||
iShares U.S. Financial Services ETF | $10,001-$50,000 | |||||
Jane D. Carlin | iShares Core MSCI EAFE ETF | Over $100,000 | Over $100,000 | |||
iShares Core MSCI Emerging Markets ETF | Over $100,000 | |||||
iShares Core S&P Mid-Cap ETF | $10,001-$50,000 | |||||
iShares Core S&P Small-Cap ETF | Over $100,000 | |||||
iShares Global Clean Energy ETF | $10,001-$50,000 | |||||
iShares MSCI ACWI ex U.S. ETF | Over $100,000 | |||||
iShares MSCI Global Metals & Mining Producers ETF | $10,001-$50,000 | |||||
iShares Select Dividend ETF | $10,001-$50,000 | |||||
Richard L. Fagnani | iShares 0-5 Year TIPS Bond ETF | $10,001-$50,000 | Over $100,000 | |||
iShares China Large-Cap ETF | $50,001-$100,000 | |||||
iShares Core Dividend Growth ETF | $10,001-$50,000 | |||||
iShares Core S&P 500 ETF | $50,001-$100,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Core U.S. REIT ETF | $10,001-$50,000 | |||||
iShares Exponential Technologies ETF | $10,001-$50,000 | |||||
iShares Global Clean Energy ETF | $10,001-$50,000 | |||||
iShares GSCI Commodity Dynamic Roll Strategy ETF | $10,001-$50,000 | |||||
iShares MSCI All Country Asia ex Japan ETF | $10,001-$50,000 | |||||
iShares MSCI Japan ETF | $10,001-$50,000 | |||||
iShares MSCI Singapore ETF | $10,001-$50,000 | |||||
iShares MSCI USA Equal Weighted ETF | $10,001-$50,000 | |||||
iShares MSCI USA Quality Factor ETF | $10,001-$50,000 | |||||
iShares Robotics and Artificial Intelligence Multisector ETF | $10,001-$50,000 | |||||
iShares TIPS Bond ETF | $10,001-$50,000 | |||||
iShares U.S. Infrastructure ETF | $10,001-$50,000 | |||||
iShares U.S. Regional Banks ETF | $10,001-$50,000 | |||||
Cecilia H. Herbert | iShares California Muni Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Core Dividend Growth ETF | Over $100,000 | |||||
iShares Core MSCI Emerging Markets ETF | $1-$10,000 | |||||
iShares Core MSCI Total International Stock ETF | $10,001-$50,000 | |||||
iShares Core S&P 500 ETF | Over $100,000 | |||||
iShares Core S&P U.S. Growth ETF | Over $100,000 | |||||
iShares Core S&P U.S. Value ETF | Over $100,000 | |||||
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 Japan ETF | $10,001-$50,000 | |||||
iShares MSCI USA Value Factor ETF | Over $100,000 | |||||
iShares National Muni Bond ETF | $10,001-$50,000 | |||||
iShares Preferred and Income Securities ETF | $10,001-$50,000 | |||||
Drew E. Lawton | BlackRock Ultra Short-Term Bond ETF | Over $100,000 | Over $100,000 | |||
iShares 0-5 Year High Yield Corporate Bond ETF | $50,001-$100,000 | |||||
iShares Biotechnology ETF | Over $100,000 | |||||
iShares Core Dividend Growth ETF | Over $100,000 | |||||
iShares Core MSCI Total International Stock ETF | Over $100,000 | |||||
iShares Core S&P Total U.S. Stock Market ETF | Over $100,000 |
Name | Fund | Dollar Range of Equity Securities in Named Fund |
Aggregate Dollar Range of Equity Securities in all Registered Investment Companies Overseen by Trustee in Family of Investment Companies | |||
iShares Expanded Tech Sector ETF | Over $100,000 | |||||
iShares Exponential Technologies ETF | Over $100,000 | |||||
iShares Global Financials ETF | $10,001-$50,000 | |||||
iShares U.S. Financial Services ETF | Over $100,000 | |||||
iShares U.S. Financials ETF | $50,001-$100,000 | |||||
iShares U.S. Healthcare ETF | Over $100,000 | |||||
John E. Martinez | iShares 1-5 Year Investment Grade Corporate Bond ETF | Over $100,000 | Over $100,000 | |||
iShares Core MSCI International Developed Markets ETF | $10,001-$50,000 | |||||
iShares Core S&P 500 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 Consumer Staples 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 | |||||
Madhav V. Rajan | None | None | None |
Name | iShares ESG Advanced MSCI EM ETF |
iShares ESG MSCI EM Leaders ETF |
iShares MSCI Brazil Small-Cap ETF |
iShares MSCI China ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $8 | $13 | $18 | $1,699 | ||||
Richard L. Fagnani | 8 | 13 | 18 | 1,718 | ||||
Cecilia H. Herbert | 8 | 14 | 19 | 1,793 | ||||
John E. Kerrigan | 8 | 14 | 19 | 1,831 | ||||
Drew E. Lawton | 7 | 13 | 18 | 1,661 | ||||
John E. Martinez | 7 | 13 | 18 | 1,661 | ||||
Madhav V. Rajan | 7 | 13 | 18 | 1,661 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares MSCI China Multisector Tech ETF1 |
iShares MSCI China Small-Cap ETF |
iShares MSCI Global Sustainable Development Goals ETF |
iShares MSCI India ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $2 | $12 | $90 | $0 | ||||
Richard L. Fagnani | 2 | 12 | 91 | 1,069 | ||||
Cecilia H. Herbert | 2 | 13 | 95 | 0 | ||||
John E. Kerrigan | 2 | 13 | 97 | 0 | ||||
Drew E. Lawton | 2 | 12 | 88 | 1,069 | ||||
John E. Martinez | 2 | 12 | 88 | 0 | ||||
Madhav V. Rajan | 2 | 12 | 88 | 0 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares MSCI India Small-Cap ETF |
iShares MSCI Kuwait ETF |
iShares MSCI Peru ETF |
iShares MSCI Qatar ETF | ||||
Independent Trustees: | ||||||||
Jane D. Carlin | $0 | $6 | $27 | $21 | ||||
Richard L. Fagnani | 1,069 | 6 | 28 | 21 | ||||
Cecilia H. Herbert | 0 | 7 | 29 | 22 | ||||
John E. Kerrigan | 0 | 7 | 30 | 23 | ||||
Drew E. Lawton | 1,069 | 6 | 27 | 21 | ||||
John E. Martinez | 0 | 6 | 27 | 21 | ||||
Madhav V. Rajan | 0 | 6 | 27 | 21 | ||||
Interested Trustees: | ||||||||
Robert S. Kapito | $0 | $0 | $0 | $0 | ||||
Salim Ramji | 0 | 0 | 0 | 0 |
Name | iShares MSCI Saudi Arabia ETF |
iShares MSCI UAE ETF | ||
Independent Trustees: | ||||
Jane D. Carlin | $245 | $8 | ||
Richard L. Fagnani | 248 | 8 | ||
Cecilia H. Herbert | 258 | 9 | ||
John E. Kerrigan | 264 | 9 | ||
Drew E. Lawton | 239 | 8 | ||
John E. Martinez | 239 | 8 | ||
Madhav V. Rajan | 239 | 8 | ||
Interested Trustees: | ||||
Robert S. Kapito | $0 | $0 | ||
Salim Ramji | 0 | 0 |
Name | Pension or Retirement Benefits Accrued As Part of Trust Expenses2 |
Estimated Annual Benefits Upon Retirement2 |
Total Compensation From the Funds and Fund Complex3 | |||
Independent Trustees: | ||||||
Jane D. Carlin | Not Applicable | Not Applicable | $420,000 | |||
Richard L. Fagnani | Not Applicable | Not Applicable | 446,764 | |||
Cecilia H. Herbert | Not Applicable | Not Applicable | 475,000 | |||
John E. Kerrigan | Not Applicable | Not Applicable | 445,000 | |||
Drew E. Lawton | Not Applicable | Not Applicable | 431,764 | |||
John E. Martinez | Not Applicable | Not Applicable | 420,000 | |||
Madhav V. Rajan | Not Applicable | Not Applicable | 420,000 | |||
Interested Trustees: | ||||||
Robert S. Kapito | Not Applicable | Not Applicable | $0 | |||
Salim Ramji | Not Applicable | Not Applicable | 0 |
1 | For the iShares MSCI China Multisector Tech ETF, compensation reported is from the Fund’s inception date of January 25, 2022 to August 31, 2022. |
2 | No Trustee or officer is entitled to any pension or retirement benefits from the Trust. |
3 | Also includes compensation for service on the Board of Trustees of iShares U.S. ETF Trust and the Board of Directors of iShares, Inc. |
Fund | Name and Address | Percentage of Ownership | ||
iShares ESG Advanced MSCI EM ETF | Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
41.45% |
Fund | Name and Address | Percentage of Ownership | ||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
13.14% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
8.57% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
6.64% | |||
iShares ESG MSCI EM Leaders ETF | J.P. Morgan Securities, LLC/JPMC 383 Madison Avenue New York, NY 10179 |
15.92% | ||
Goldman, Sachs & Co. 30 Hudson Street 16th Floor Jersey City, NJ 07302 |
13.39% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
12.76% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
12.67% | |||
HSBC Bank USA, NA/Clearing 452 Fifth Avenue New York, NY 10018 |
11.78% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.79% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
5.66% | |||
iShares MSCI Brazil Small-Cap ETF | Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
12.78% | ||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
12.54% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
10.12% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
9.18% |
Fund | Name and Address | Percentage of Ownership | ||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
8.67% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
5.47% | |||
Morgan Stanley & Co. Incorporated One Pierrepont Plaza 8th Floor Brooklyn, NY 11201 |
5.42% | |||
iShares MSCI China ETF | Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
23.86% | ||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
17.09% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
7.88% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
6.53% | |||
iShares MSCI China Multisector Tech ETF | State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
75.00% | ||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
5.03% | |||
iShares MSCI China Small-Cap ETF | Pershing LLC One Pershing Plaza Jersey City, NJ 07399 |
29.20% | ||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
21.88% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
7.77% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
6.33% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
5.98% |
Fund | Name and Address | Percentage of Ownership | ||
iShares MSCI Global Sustainable Development Goals ETF | National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
15.95% | ||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
15.67% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
14.13% | |||
TD Ameritrade Clearing, Inc. 4700 Alliance Gateway Freeway Fort Worth, TX 76177 |
10.18% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
7.55% | |||
iShares MSCI India ETF | State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
16.32% | ||
JPMorgan Chase Bank, National Association 1111 Polaris Parkway Columbus, OH 43240 |
12.61% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
9.01% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
7.19% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
7.00% | |||
iShares MSCI India Small-Cap ETF | The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
20.04% | ||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
15.13% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
14.58% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
8.03% | |||
Fund | Name and Address | Percentage of Ownership | ||
iShares MSCI Kuwait ETF | JPMorgan Chase Bank, National Association 1111 Polaris Parkway Columbus, OH 43240 |
32.35% | ||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
27.90% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
11.77% | |||
J.P. Morgan Securities, LLC/JPMC 383 Madison Avenue New York, NY 10179 |
8.59% | |||
iShares MSCI Peru ETF | Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
47.22% | ||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
8.63% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
8.48% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
7.32% | |||
iShares MSCI Qatar ETF | Northern Trust Company/ United Nations Joint Staff Pension Fund 50 South LaSalle Street Chicago, IL 60675 |
47.78% | ||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
11.39% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
7.96% | |||
iShares MSCI Saudi Arabia ETF | State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
23.68% | ||
Northern Trust Company/ United Nations Joint Staff Pension Fund 50 South LaSalle Street Chicago, IL 60675 |
20.83% |
Fund | Name and Address | Percentage of Ownership | ||
JPMorgan Chase Bank, National Association 1111 Polaris Parkway Columbus, OH 43240 |
11.53% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
9.17% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
8.43% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
7.04% | |||
iShares MSCI UAE ETF | BNP Paribas, New York Branch/Custody Services 525 Washington BLVD. Jersey City, NJ 07310 |
10.10% | ||
JPMorgan Chase Bank, National Association 1111 Polaris Parkway Columbus, OH 43240 |
10.03% | |||
Citibank, N.A. 3800 CitiBank Center Tampa Building B/1st Floor Zone 8 Tampa, FL 33610-9122 |
9.11% | |||
Northern Trust Company (The) 801 South Canal Street Chicago, IL 60607 |
9.01% | |||
Brown Brothers Harriman & Co. 525 Washington Blvd. 11th Floor Jersey City, NJ 07310 |
8.61% | |||
Charles Schwab & Co., Inc. 101 Montgomery Street San Francisco, CA 94014 |
8.08% | |||
State Street Bank and Trust Company 1776 Heritage Drive North Quincy, MA 02171 |
6.65% | |||
National Financial Services LLC 499 Washington Blvd Jersey City, NJ 07310 |
5.66% | |||
The Bank of New York Mellon 111 Sanders Creek Parkway 2nd Floor East Syracuse, NY 13057 |
5.18% |
Fund | Management Fee for Fiscal Year Ended August 31, 2022 |
Fund Inception Date |
Management Fees Paid Net of Waivers for Fiscal Year Ended August 31, 2022 |
Management Fees Paid Net of Waivers for Fiscal Year Ended August 31, 2021 |
Management Fees Paid Net of Waivers for Fiscal Year Ended August 31, 2020 | |||||
iShares ESG Advanced MSCI EM ETF | 0.16% | 10/06/20 | $49,345 | $18,675 | N/A | |||||
iShares ESG MSCI EM Leaders ETF | 0.16% | 02/05/20 | 508,747 | 1,312,745 | $507,098 | |||||
iShares MSCI Brazil Small-Cap ETF | 0.58% | 09/28/10 | 575,686 | 626,737 | 723,410 | |||||
iShares MSCI China ETF | 0.58% | 03/29/11 | 38,307,240 | 37,758,456 | 28,570,444 | |||||
iShares MSCI China Multisector Tech ETF | 0.59% | 01/25/22 | 29,192 | N/A | N/A | |||||
iShares MSCI China Small-Cap ETF | 0.58% | 09/28/10 | 398,809 | 432,073 | 216,439 | |||||
iShares MSCI Global Sustainable Development Goals ETF | 0.49% | 04/20/16 | 2,396,296 | 1,845,973 | 447,997 | |||||
iShares MSCI India ETF | 0.64% | 02/02/12 | 34,710,970 | 30,916,788 | 26,731,803 | |||||
iShares MSCI India Small-Cap ETF | 0.74% | 02/08/12 | 2,625,875 | 1,968,181 | 1,725,217 | |||||
iShares MSCI Kuwait ETF | 0.74% | 09/01/20 | 157,959 | 100,440 | N/A | |||||
iShares MSCI Peru ETF | 0.58% | 06/19/09 | 905,332 | 809,164 | 703,851 | |||||
iShares MSCI Qatar ETF | 0.58% | 04/29/14 | 560,286 | 506,759 | 415,957 | |||||
iShares MSCI Saudi Arabia ETF | 0.74% | 09/16/15 | 8,596,197 | 5,055,582 | 4,741,409 | |||||
iShares MSCI UAE ETF | 0.58% | 04/29/14 | 204,211 | 118,873 | 282,708 |
Jennifer Hsui | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 308 | $1,744,428,000,000 | ||
Other Pooled Investment Vehicles | 2 | 4,096,000,000 | ||
Other Accounts | 19 | 29,732,000,000 |
Greg Savage | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 262 | $1,660,465,000,000 | ||
Other Pooled Investment Vehicles | 33 | 9,050,000,000 | ||
Other Accounts | 57 | 4,260,000,000 |
Paul Whitehead | ||||
Types of Accounts | Number | Total Assets | ||
Registered Investment Companies | 287 | $1,655,480,000,000 | ||
Other Pooled Investment Vehicles | 2 | 5,570,000,000 | ||
Other Accounts | 5 | 3,981,000,000 |
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 |
Paul Whitehead | ||||
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 | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares ESG Advanced MSCI EM ETF | X | ||||||||||||||
iShares ESG MSCI EM Leaders ETF | X | ||||||||||||||
iShares MSCI Brazil Small-Cap ETF | X | ||||||||||||||
iShares MSCI China ETF | X | ||||||||||||||
iShares MSCI China Multisector Tech ETF | X | ||||||||||||||
iShares MSCI China Small-Cap ETF | X | ||||||||||||||
iShares MSCI Global Sustainable Development Goals ETF | X | ||||||||||||||
iShares MSCI India ETF | X | ||||||||||||||
iShares MSCI India Small-Cap ETF | X | ||||||||||||||
iShares MSCI Kuwait ETF | X | ||||||||||||||
iShares MSCI Peru ETF | X | ||||||||||||||
iShares MSCI Qatar ETF | X | ||||||||||||||
iShares MSCI Saudi Arabia ETF | X | ||||||||||||||
iShares MSCI UAE ETF | X |
Greg Savage | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares ESG Advanced MSCI EM ETF | X | ||||||||||||||
iShares ESG MSCI EM Leaders ETF | X | ||||||||||||||
iShares MSCI Brazil Small-Cap ETF | X | ||||||||||||||
iShares MSCI China ETF | X | ||||||||||||||
iShares MSCI China Multisector Tech ETF | X | ||||||||||||||
iShares MSCI China Small-Cap ETF | X | ||||||||||||||
iShares MSCI Global Sustainable Development Goals ETF | X | ||||||||||||||
iShares MSCI India ETF | X | ||||||||||||||
iShares MSCI India Small-Cap ETF | X | ||||||||||||||
iShares MSCI Kuwait ETF | X | ||||||||||||||
iShares MSCI Peru ETF | X | ||||||||||||||
iShares MSCI Qatar ETF | X | ||||||||||||||
iShares MSCI Saudi Arabia ETF | X | ||||||||||||||
iShares MSCI UAE ETF | X |
Paul Whitehead | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares ESG Advanced MSCI EM ETF | X | ||||||||||||||
iShares ESG MSCI EM Leaders ETF | X | ||||||||||||||
iShares MSCI Brazil Small-Cap ETF | X | ||||||||||||||
iShares MSCI China ETF | X | ||||||||||||||
iShares MSCI China Multisector Tech ETF | X |
Paul Whitehead | |||||||||||||||
Dollar Range | |||||||||||||||
Fund | None | $1 to $10k | $10,001 to $50k |
$50,001 to $100k |
$100,001 to $500k |
$500,001 to $1m |
over $1m | ||||||||
iShares MSCI China Small-Cap ETF | X | ||||||||||||||
iShares MSCI Global Sustainable Development Goals ETF | X | ||||||||||||||
iShares MSCI India ETF | X | ||||||||||||||
iShares MSCI India Small-Cap ETF | X | ||||||||||||||
iShares MSCI Kuwait ETF | X | ||||||||||||||
iShares MSCI Peru ETF | X | ||||||||||||||
iShares MSCI Qatar ETF | X | ||||||||||||||
iShares MSCI Saudi Arabia ETF | X | ||||||||||||||
iShares MSCI UAE ETF | X |
Fund | Fund Inception Date |
Administration, Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended August 31, 2022 |
Administration, Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended August 31, 2021 |
Administration, Custodian, Transfer Agency Expenses Paid During Fiscal Year Ended August 31, 2020 | ||||
iShares ESG Advanced MSCI EM ETF | 10/06/20 | $102,489 | $134,582 | N/A | ||||
iShares ESG MSCI EM Leaders ETF | 02/05/20 | 228,527 | 446,763 | $241,957 | ||||
iShares MSCI Brazil Small-Cap ETF | 09/28/10 | 101,832 | 82,132 | 58,008 | ||||
iShares MSCI China ETF | 03/29/11 | 930,340 | 894,708 | 475,762 | ||||
iShares MSCI China Multisector Tech ETF | 01/25/22 | 25,568 | N/A | N/A | ||||
iShares MSCI China Small-Cap ETF | 09/28/10 | 100,713 | 84,825 | 58,887 | ||||
iShares MSCI Global Sustainable Development Goals ETF | 04/20/16 | 113,658 | 111,216 | 51,460 | ||||
iShares MSCI India ETF | 02/02/12 | 28,750 | 50,689 | 143,689 | ||||
iShares MSCI India Small-Cap ETF | 02/08/12 | 19,479 | 20,417 | 26,710 | ||||
iShares MSCI Kuwait ETF | 09/01/20 | 175,993 | 161,720 | N/A | ||||
iShares MSCI Peru ETF | 06/19/09 | 135,057 | 135,434 | 138,528 | ||||
iShares MSCI Qatar ETF | 04/29/14 | 450,751 | 431,165 | 403,459 | ||||
iShares MSCI Saudi Arabia ETF | 09/16/15 | 4,689,596 | 3,021,298 | 2,812,508 | ||||
iShares MSCI UAE ETF | 04/29/14 | 207,326 | 177,468 | 308,833 |
Fund | iShares ESG Advanced MSCI EM ETF |
iShares ESG MSCI EM Leaders ETF |
iShares MSCI Brazil Small-Cap ETF |
iShares MSCI China ETF |
Gross income from securities lending activities |
$ 2,272 | $ 19,671 | N/A | $3,333,285 |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
198 | 2,863 | N/A | 439,417 |
Cash collateral management expenses not included in securities lending income paid to BTC |
62 | 968 | N/A | 74,137 |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
1,094 | 2,510 | N/A | 817,942 |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$ 1,354 | $ 6,341 | N/A | $1,331,496 |
Net income from securities lending activities |
$ 918 | $ 13,330 | N/A | $2,001,789 |
Fund | iShares MSCI China Multisector Tech ETF |
iShares MSCI China Small-Cap ETF |
iShares MSCI Global Sustainable Development Goals ETF |
iShares MSCI India ETF |
Gross income from securities lending activities |
$ 612 | $787,720 | $1,125,855 | N/A |
Fees and/or compensation for securities lending activities and related services |
Fund | iShares MSCI China Multisector Tech ETF |
iShares MSCI China Small-Cap ETF |
iShares MSCI Global Sustainable Development Goals ETF |
iShares MSCI India ETF |
Securities lending income paid to BTC for services as securities lending agent |
34 | 138,512 | 198,238 | N/A |
Cash collateral management expenses not included in securities lending income paid to BTC |
17 | 5,828 | 3,014 | N/A |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
404 | 12,383 | 21,424 | N/A |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
$ 455 | $156,723 | $ 222,676 | N/A |
Net income from securities lending activities |
$ 157 | $630,997 | $ 903,179 | N/A |
Fund | iShares MSCI India Small-Cap ETF |
iShares MSCI Kuwait ETF |
iShares MSCI Peru ETF |
iShares MSCI Qatar ETF |
Gross income from securities lending activities |
N/A | N/A | N/A | N/A |
Fees and/or compensation for securities lending activities and related services |
||||
Securities lending income paid to BTC for services as securities lending agent |
N/A | N/A | N/A | N/A |
Fund | iShares MSCI India Small-Cap ETF |
iShares MSCI Kuwait ETF |
iShares MSCI Peru ETF |
iShares MSCI Qatar ETF |
Cash collateral management expenses not included in securities lending income paid to BTC |
N/A | N/A | N/A | N/A |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Rebates (paid to borrowers) |
N/A | N/A | N/A | N/A |
Other fees not included in securities lending income paid to BTC |
0 | 0 | 0 | 0 |
Aggregate fees/compensation for securities lending activities |
N/A | N/A | N/A | N/A |
Net income from securities lending activities |
N/A | N/A | N/A | N/A |
Fund | iShares MSCI Saudi Arabia ETF |
iShares MSCI UAE ETF |
Gross income from securities lending activities |
N/A | N/A |
Fees and/or compensation for securities lending activities and related services |
||
Securities lending income paid to BTC for services as securities lending agent |
N/A | N/A |
Cash collateral management expenses not included in securities lending income paid to BTC |
N/A | N/A |
Administrative fees not included in securities lending income paid to BTC |
0 | 0 |
Fund | iShares MSCI Saudi Arabia ETF |
iShares MSCI UAE ETF |
Indemnification fees not included in securities lending income paid to BTC |
0 | 0 |
Rebates (paid to borrowers) |
N/A | N/A |
Other fees not included in securities lending income paid to BTC |
0 | 0 |
Aggregate fees/compensation for securities lending activities |
N/A | N/A |
Net income from securities lending activities |
N/A | N/A |
Fund | Fund Inception Date |
Brokerage Commissions Paid During Fiscal Year Ended August 31, 2022 |
Brokerage Commissions Paid During Fiscal Year Ended August 31, 2021 |
Brokerage Commissions Paid During Fiscal Year Ended August 31, 2020 | ||||
iShares ESG Advanced MSCI EM ETF | 10/06/20 | $19,223 | $11,684 | N/A | ||||
iShares ESG MSCI EM Leaders ETF | 02/05/20 | 416,309 | 223,811 | $285,388 | ||||
iShares MSCI Brazil Small-Cap ETF | 09/28/10 | 58,536 | 64,045 | 83,555 | ||||
iShares MSCI China ETF | 03/29/11 | 1,803,327 | 955,967 | 925,801 | ||||
iShares MSCI China Multisector Tech ETF | 01/25/22 | 5,391 | N/A | N/A | ||||
iShares MSCI China Small-Cap ETF | 09/28/10 | 36,989 | 39,111 | 16,476 | ||||
iShares MSCI Global Sustainable Development Goals ETF | 04/20/16 | 110,927 | 132,679 | 28,533 | ||||
iShares MSCI India ETF | 02/02/12 | 1,811,016 | 1,903,155 | 1,801,413 | ||||
iShares MSCI India Small-Cap ETF | 02/08/12 | 203,819 | 161,722 | 112,395 | ||||
iShares MSCI Kuwait ETF | 09/01/20 | 29,753 | 42,636 | N/A | ||||
iShares MSCI Peru ETF | 06/19/09 | 57,124 | 65,951 | 56,116 | ||||
iShares MSCI Qatar ETF | 04/29/14 | 134,813 | 107,209 | 142,195 | ||||
iShares MSCI Saudi Arabia ETF | 09/16/15 | 1,465,866 | 438,068 | 1,320,611 | ||||
iShares MSCI UAE ETF | 04/29/14 | 96,247 | 128,051 | 116,094 |
Fund | Issuer | Market Value of Investment | ||
iShares ESG MSCI EM Leaders ETF | Banco Bradesco SA | $471,451 | ||
iShares MSCI China ETF | CITIC Securities Co. Ltd. | $23,228,912 |
Fund | Issuer | Market Value of Investment | ||
Haitong Securities Co. Ltd. | 9,115,817 |
Fund | Fiscal Year Ended August 31, 2022 |
Fiscal Year Ended August 31, 2021 | ||
iShares ESG Advanced MSCI EM ETF | 31% | 51%1, 2 | ||
iShares ESG MSCI EM Leaders ETF | 17% | 34% | ||
iShares MSCI Brazil Small-Cap ETF | 52% | 40% | ||
iShares MSCI China ETF | 8% | 18% | ||
iShares MSCI China Multisector Tech ETF | 17%3, 4 | N/A3 | ||
iShares MSCI China Small-Cap ETF | 64% | 51% | ||
iShares MSCI Global Sustainable Development Goals ETF | 54% | 70% | ||
iShares MSCI India ETF | 95% | 25% | ||
iShares MSCI India Small-Cap ETF | 56% | 55% | ||
iShares MSCI Kuwait ETF | 26% | 16%5, 6 | ||
iShares MSCI Peru ETF | 24% | 33% | ||
iShares MSCI Qatar ETF | 38% | 26% | ||
iShares MSCI Saudi Arabia ETF | 36% | 13% | ||
iShares MSCI UAE ETF | 52% | 112% |
1 | The inception date for the iShares ESG Advanced MSCI EM ETF was October 6, 2020. |
2 | The portfolio turnover for the iShares ESG Advanced MSCI EM ETF relates to the period of October 6, 2020 to August 31, 2021 and is not annualized. |
3 | The inception date for the iShares MSCI China Multisector Tech ETF was January 25, 2022. |
4 | The portfolio turnover for the iShares MSCI China Multisector Tech ETF relates to the period of January 25, 2022 to August 31, 2022 and is not annualized. |
5 | The inception date for the iShares MSCI Kuwait ETF was September 1, 2020. |
6 | The portfolio turnover for the iShares MSCI Kuwait ETF relates to the period of October 2, 2020 to August 31, 2021 and is not annualized. |
Fund | Shares Per Creation Unit |
Approximate Value Per Creation Unit (U.S.$) | ||
iShares ESG Advanced MSCI EM ETF | 100,000 | $3,167,681.60 | ||
iShares ESG MSCI EM Leaders ETF | 50,000 | 2,054,918.90 | ||
iShares MSCI Brazil Small-Cap ETF | 50,000 | 637,833.35 | ||
iShares MSCI China ETF | 200,000 | 8,527,631.00 | ||
iShares MSCI China Multisector Tech ETF | 100,000 | 1,627,841.40 | ||
iShares MSCI China Small-Cap ETF | 50,000 | 1,469,022.00 | ||
iShares MSCI Global Sustainable Development Goals ETF | 50,000 | 3,533,907.05 | ||
iShares MSCI India ETF | 50,000 | 2,050,965.30 | ||
iShares MSCI India Small-Cap ETF | 50,000 | 2,662,885.55 | ||
iShares MSCI Kuwait ETF | 50,000 | 1,641,386.35 | ||
iShares MSCI Peru ETF | 50,000 | 1,228,051.45 | ||
iShares MSCI Qatar ETF | 50,000 | 1,068,420.45 | ||
iShares MSCI Saudi Arabia ETF | 50,000 | 2,058,622.20 | ||
iShares MSCI UAE ETF | 50,000 | 763,689.30 |
Fund | Standard Creation Transaction Fee |
Maximum Additional Charge* | ||
iShares ESG Advanced MSCI EM ETF | $14,800 | 7.0% | ||
iShares ESG MSCI EM Leaders ETF | 17,000 | 7.0% | ||
iShares MSCI Brazil Small-Cap ETF | 3,200 | 3.0% | ||
iShares MSCI China ETF | 3,200 | 7.0% | ||
iShares MSCI China Multisector Tech ETF | 3,675 | 5.0% | ||
iShares MSCI China Small-Cap ETF | 7,500 | 7.0% | ||
iShares MSCI Global Sustainable Development Goals ETF | 3,500 | 7.0% | ||
iShares MSCI India ETF | 3,500 | 3.0% | ||
iShares MSCI India Small-Cap ETF | 6,900 | 3.0% | ||
iShares MSCI Kuwait ETF | 5,250 | 7.0% | ||
iShares MSCI Peru ETF | 1,500 | 3.0% | ||
iShares MSCI Qatar ETF | 5,650 | 3.0% | ||
iShares MSCI Saudi Arabia ETF | 12,000 | 12.0% | ||
iShares MSCI UAE ETF | 5,650 | 3.0% |
* | As a percentage of the net asset value per Creation Unit. |
Fund | Standard Redemption Transaction Fee |
Maximum Additional Charge* | ||
iShares ESG Advanced MSCI EM ETF | $14,800 | 2.0% | ||
iShares ESG MSCI EM Leaders ETF | 17,000 | 2.0% | ||
iShares MSCI Brazil Small-Cap ETF | 3,200 | 2.0% | ||
iShares MSCI China ETF | 3,200 | 2.0% | ||
iShares MSCI China Multisector Tech ETF | 3,675 | 2.0% | ||
iShares MSCI China Small-Cap ETF | 7,500 | 2.0% | ||
iShares MSCI Global Sustainable Development Goals ETF | 3,500 | 2.0% | ||
iShares MSCI India ETF | 3,500 | 2.0% | ||
iShares MSCI India Small-Cap ETF | 6,900 | 2.0% | ||
iShares MSCI Kuwait ETF | 5,250 | 2.0% | ||
iShares MSCI Peru ETF | 1,500 | 2.0% | ||
iShares MSCI Qatar ETF | 5,650 | 2.0% | ||
iShares MSCI Saudi Arabia ETF | 12,000 | 2.0% | ||
iShares MSCI UAE ETF | 5,650 | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive of the standard redemption transaction fee. |
Fund | Non-Expiring Capital Loss Carryforward | |
iShares ESG Advanced MSCI EM ETF | $1,369,975 | |
iShares MSCI Brazil Small-Cap ETF | 59,632,998 | |
iShares MSCI China ETF | 943,741,690 | |
iShares MSCI China Multisector Tech ETF | 274,665 | |
iShares MSCI China Small-Cap ETF | 16,247,124 | |
iShares MSCI Global Sustainable Development Goals ETF | 31,101,981 | |
iShares MSCI India ETF | 337,313,909 | |
iShares MSCI India Small-Cap ETF | 28,005,798 | |
iShares MSCI Peru ETF | 161,123,009 | |
iShares MSCI Qatar ETF | 16,705,358 | |
iShares MSCI Saudi Arabia ETF | 79,260,119 | |
iShares MSCI UAE ETF | 36,780,655 |
• | iShares ESG MSCI EM Leaders ETF: Finland, the Netherlands and Sweden. |
• | iShares MSCI China ETF: Finland, the Netherlands, Sweden, and the U.K. |
• | iShares MSCI India ETF: Ireland, the Netherlands, and the U.K. |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure, mergers, asset sales and other special transactions |
• | Compensation and benefits |
• | Environmental and social issues |
• | General corporate governance matters and shareholder protections |
• | establishing an appropriate corporate governance structure |
• | supporting and overseeing management in setting long-term strategic goals, applicable measures of value-creation and milestones that will demonstrate progress, and steps taken if any obstacles are anticipated or incurred |
• | ensuring the integrity of financial statements |
• | making independent decisions regarding mergers, acquisitions and disposals |
• | establishing appropriate executive compensation structures |
• | addressing business issues, including environmental and social issues, when they have the potential to materially impact company reputation and performance |
• | current or former employment at the company or a subsidiary within the past several years |
• | being, or representing, a shareholder with a substantial shareholding in the company |
• | interlocking directorships |
• | having any other interest, business or other relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
1) | publish a disclosure in line with industry-specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
2) | disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |
• | BlackRock clients who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock business partners or third parties who may be issuers of securities or proponents of shareholder resolutions |
• | BlackRock employees who may sit on the boards of public companies held in Funds managed by BlackRock |
• | Significant BlackRock, Inc. investors who may be issuers of securities held in Funds managed by BlackRock |
• | Securities of BlackRock, Inc. or BlackRock investment funds held in Funds managed by BlackRock |
• | BlackRock, Inc. board members who serve as senior executives of public companies held in Funds managed by BlackRock |
• | Adopted the Guidelines which are designed to protect and enhance the economic value of the companies in which BlackRock invests on behalf of clients. |
• | Established a reporting structure that separates BIS from employees with sales, vendor management or business partnership roles. In addition, BlackRock seeks to ensure that all engagements with corporate issuers, dissident shareholders or shareholder proponents are managed consistently and without regard to BlackRock’s relationship with such parties. Clients or business partners are not given special treatment or differentiated access to BIS. BIS prioritizes engagements based on factors including but not limited to our need for additional information to make a voting decision or our view on the likelihood that an engagement could lead to positive outcome(s) over time for the economic value of the company. Within the normal course of business, BIS may engage directly with BlackRock clients, business partners and/or third parties, and/or with employees with sales, vendor management or business partnership roles, in discussions regarding our approach to stewardship, general corporate governance matters, client reporting needs, and/or to otherwise ensure that proxy-related client service levels are met. |
• | Determined to engage, in certain instances, an independent fiduciary to vote proxies as a further safeguard to avoid potential conflicts of interest, to satisfy regulatory compliance requirements, or as may be otherwise required by applicable law. In such circumstances, the independent fiduciary provides BlackRock’s proxy voting agent with instructions, in accordance with the Guidelines, as to how to vote such proxies, and BlackRock’s proxy voting agent votes the proxy in accordance with the independent fiduciary’s determination. BlackRock uses an independent fiduciary to vote proxies of (i) any company that is affiliated with BlackRock, Inc., (ii) any public company that includes BlackRock employees on its board of directors, (iii) The PNC Financial Services Group, Inc., (iv) any public company of which a BlackRock, Inc. board member serves as a senior executive, and (v) companies when legal or regulatory requirements compel BlackRock to use an independent fiduciary. In selecting an independent fiduciary, we assess several characteristics, including but not limited to: independence, an ability to analyze proxy issues and vote in the best economic interest of our clients, reputation for reliability and integrity, and operational capacity to accurately deliver the assigned votes in a timely manner. We may engage more than one independent fiduciary, in part in order to mitigate potential or perceived conflicts of interest at an independent fiduciary. The Global Committee appoints and reviews the performance of the independent fiduciar(ies), generally on an annual basis. |
Contents | |
Introduction | A-16 |
Voting guidelines | A-16 |
Boards and directors | A-16 |
- Director elections | A-16 |
- Independence | A-16 |
- Oversight | A-17 |
- Responsiveness to shareholders | A-17 |
- Shareholder rights | A-17 |
- Board composition and effectiveness | A-18 |
- Board size | A-19 |
- CEO and management succession planning | A-19 |
- Classified board of directors / staggered terms | A-19 |
- Contested director elections | A-19 |
- Cumulative voting | A-19 |
- Director compensation and equity programs | A-19 |
- Majority vote requirements | A-19 |
- Risk oversight | A-20 |
- Separation of chairman and CEO | A-20 |
Auditors and audit-related issues | A-20 |
Capital structure proposals | A-21 |
- Equal voting rights | A-21 |
- Blank check preferred stock | A-21 |
- Increase in authorized common shares | A-21 |
- Increase or issuance of preferred stock | A-21 |
- Stock splits | A-22 |
Mergers, asset sales, and other special transactions | A-22 |
- Poison pill plans | A-22 |
- Reimbursement of expenses for successful shareholder campaigns | A-22 |
Executive Compensation | A-22 |
- Advisory resolutions on executive compensation (“Say on Pay”) | A-23 |
- Advisory votes on the frequency of Say on Pay resolutions | A-23 |
- Claw back proposals | A-23 |
- Employee stock purchase plans | A-23 |
- Equity compensation plans | A-23 |
- Golden parachutes | A-23 |
- Option exchanges | A-24 |
- Pay-for-Performance plans | A-24 |
- Supplemental executive retirement plans | A-24 |
Environmental and social issues | A-24 |
- Climate risk | A-25 |
- Corporate political activities | A-26 |
General corporate governance matters | A-26 |
- Adjourn meeting to solicit additional votes | A-26 |
- Bundled proposals | A-26 |
- Exclusive forum provisions | A-26 |
- Multi-jurisdictional companies | A-26 |
- Other business | A-27 |
- Reincorporation | A-27 |
- IPO governance | A-27 |
Contents | |
Shareholder Protections | A-27 |
- Amendment to charter / articles / bylaws | A-27 |
- Proxy access | A-28 |
- Right to act by written consent | A-28 |
- Right to call a special meeting | A-28 |
- Simple majority voting | A-28 |
• | Boards and directors |
• | Auditors and audit-related issues |
• | Capital structure |
• | Mergers, asset sales, and other special transactions |
• | Executive compensation |
• | Environmental and social issues |
• | General corporate governance matters |
• | Shareholder protections |
• | Employment as a senior executive by the company or a subsidiary within the past five years |
• | An equity ownership in the company in excess of 20% |
• | Having any other interest, business, or relationship which could, or could reasonably be perceived to, materially interfere with the director’s ability to act in the best interests of the company |
• | Where the board has failed to exercise oversight with regard to accounting practices or audit oversight, we will consider voting against the current audit committee, and any other members of the board who may be responsible. For example, this may apply to members of the audit committee during a period when the board failed to facilitate quality, independent auditing if substantial accounting irregularities suggest insufficient oversight by that committee |
• | Members of the compensation committee during a period in which executive compensation appears excessive relative to performance and peers, and where we believe the compensation committee has not already substantially addressed this issue |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where the board is not comprised of a majority of independent directors. However, this would not apply in the case of a controlled company |
• | Where it appears the director has acted (at the company or at other companies) in a manner that compromises his / her reliability to represent the best long-term economic interests of shareholders |
• | Where a director has a pattern of poor attendance at combined board and applicable key committee meetings. Excluding exigent circumstances, BlackRock generally considers attendance at less than 75% of the combined board and applicable key committee meetings by a board member to be poor attendance |
• | Where a director serves on an excess number of boards, which may limit his / her capacity to focus on each board’s requirements. The following illustrates the maximum number of boards on which a director may serve, before he / she is considered to be over-committed: |
Public Company CEO |
# Outside Public Boards* |
Total # of Public Boards | |||
Director A | x | 1 | 2 | ||
Director B | 3 | 4 |
* | In addition to the company under review |
• | The independent chair or lead independent director, members of the nominating / governance committee, and / or the longest tenured director(s), where we observe a lack of board responsiveness to shareholders, evidence of board entrenchment, and / or failure to promote adequate board succession planning |
• | The chair of the nominating / governance committee, or where no chair exists, the nominating / governance committee member with the longest tenure, where board member(s) at the most recent election of directors have received withhold votes from more than 30% of shares voted and the board has not taken appropriate action to respond to shareholder concerns. This may not apply in cases where BlackRock did not support the initial withhold vote |
• | The independent chair or lead independent director and / or members of the nominating / governance committee, where a board fails to implement shareholder proposals that receive a majority of votes cast at a prior shareholder meeting, and the proposals, in our view, have a direct and substantial impact on shareholders’ fundamental rights or long-term economic interests |
• | The independent chair or lead independent director and members of the governance committee, where a board implements or renews a poison pill without shareholder approval |
• | The independent chair or lead independent director and members of the governance committee, where a board amends the charter / articles / bylaws such that the effect may be to entrench directors or to significantly reduce shareholder rights |
• | Members of the compensation committee where the company has repriced options without shareholder approval |
• | If a board maintains a classified structure, it is possible that the director(s) with whom we have a particular concern may not be subject to election in the year that the concern arises. In such situations, if we have a concern regarding a committee or committee chair that is not up for re-election, we will generally register our concern by withholding votes from all available members of the relevant committee |
• | The mix of competencies, experience, and other qualities required to effectively oversee and guide management in light of the stated long-term strategy of the company |
• | The process by which candidates are identified and selected, including whether professional firms or other sources outside of incumbent directors’ networks have been engaged to identify and / or assess candidates |
• | The process by which boards evaluate themselves and any significant outcomes of the evaluation process, without divulging inappropriate and / or sensitive details |
• | The consideration given to board diversity, including, but not limited to, gender, ethnicity, race, age, experience, geographic location, skills, and perspective in the nomination process |
Combined Chair / CEO Model |
Separate Chair Model | ||||
Chair / CEO | Lead Director | Chair | |||
Board Meetings | Authority to call full meetings of the board of directors | Attends full meetings of the board of directors Authority to call meetings of independent directors Briefs CEO on issues arising from executive sessions |
Authority to call full meetings of the board of directors | ||
Agenda | Primary responsibility for shaping board agendas, consulting with the lead director | Collaborates with chair / CEO to set board agenda and board information | Primary responsibility for shaping board agendas, in conjunction with CEO | ||
Board Communications | Communicates with all directors on key issues and concerns outside of full board meetings | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning | Facilitates discussion among independent directors on key issues and concerns outside of full board meetings, including contributing to the oversight of CEO and management succession planning |
• | Appears to have a legitimate financing motive for requesting blank check authority |
• | Has committed publicly that blank check preferred shares will not be used for anti-takeover purposes |
• | Has a history of using blank check preferred stock for financings |
• | Has blank check preferred stock previously outstanding such that an increase would not necessarily provide further anti-takeover protection but may provide greater financing flexibility |
• | The degree to which the proposed transaction represents a premium to the company’s trading price. We consider the share price over multiple time periods prior to the date of the merger announcement. In most cases, business combinations should provide a premium. We may consider comparable transaction analyses provided by the parties’ financial advisors and our own valuation assessments. For companies facing insolvency or bankruptcy, a premium may not apply |
• | There should be clear strategic, operational, and / or financial rationale for the combination |
• | Unanimous board approval and arm’s-length negotiations are preferred. We will consider whether the transaction involves a dissenting board or does not appear to be the result of an arm’s-length bidding process. We may also consider whether executive and / or board members’ financial interests in a given transaction appear likely to affect their ability to place shareholders’ interests before their own |
• | We prefer transaction proposals that include the fairness opinion of a reputable financial advisor assessing the value of the transaction to shareholders in comparison to recent similar transactions |
• | Whether we believe that the triggering event is in the best interest of shareholders |
• | Whether management attempted to maximize shareholder value in the triggering event |
• | The percentage of total premium or transaction value that will be transferred to the management team, rather than shareholders, as a result of the golden parachute payment |
• | Whether excessively large excise tax gross-up payments are part of the pay-out |
• | Whether the pay package that serves as the basis for calculating the golden parachute payment was reasonable in light of performance and peers |
• | Whether the golden parachute payment will have the effect of rewarding a management team that has failed to effectively manage the company |
• | The company has experienced significant stock price decline as a result of macroeconomic trends, not individual company performance |
• | Directors and executive officers are excluded; the exchange is value neutral or value creative to shareholders; tax, accounting, and other technical considerations have been fully contemplated |
• | There is clear evidence that absent repricing, the company will suffer serious employee incentive or retention and recruiting problems |
• | Publish disclosures in line with industry specific SASB guidelines by year-end, if they have not already done so, or disclose a similar set of data in a way that is relevant to their particular business; and |
• | Disclose climate-related risks in line with the TCFD’s recommendations, if they have not already done so. This should include the company’s plan for operating under a scenario where the Paris Agreement’s goal of limiting global warming to less than two degrees is fully realized, as expressed by the TCFD guidelines. |
• | The company has already taken sufficient steps to address the concern |
• | The company is in the process of actively implementing a response |
• | There is a clear and material economic disadvantage to the company in the near-term if the issue is not addressed in the manner requested by the shareholder proposal |