BlackRock, Inc. (NYSE:BLK) plans to make benchmark — and in some
cases name — changes to four iShares ETFs based on an ongoing
process to review its product lineup and ensure it meets the
evolving needs of its clients.
Investors in the ETFs do not have to take any action and no
capital gains distributions are expected as a result of the
transition.
iShares MSCI USA Value Factor ETF (VLUE):
Effective on/around August 31, 2015, the iShares MSCI USA Value
Factor ETF (VLUE) will seek to track the MSCI USA Enhanced Value
Index. There will be no change to its fund name, ticker or
investment objective.
Current
New Fund Name iShares MSCI USA Value
Factor ETF (VLUE) No change
Underlying Index
MSCI USA Value Weighted Index MSCI USA Enhanced Value Index
Investment Objective The iShares MSCI USA Value
Factor ETF seeks to track the performance of an index that measures
the performance of U.S. large- and mid-capitalization stocks with
value characteristics and relatively lower valuations. No
change
iShares MSCI USA Quality Factor ETF (QUAL):
Effective on/around August 31, 2015, the iShares MSCI USA
Quality Factor ETF (QUAL) will seek to track the MSCI USA Sector
Neutral Quality Index. There will be no change to its fund name,
ticker or investment objective.
Current
New Fund Name iShares MSCI USA Quality
Factor ETF No change
Underlying Index MSCI USA
Quality Index MSCI USA Sector Neutral Quality Index
Investment Objective The iShares MSCI USA Quality
Factor ETF (the “Fund”) seeks to track the investment results of an
index that measures the performance of U.S. large- and
mid-capitalization stocks as identified through three fundamental
variables: return on equity, earnings variability and
debt-to-equity. No change
iShares MSCI USA ETF (EUSA):
Effective on/around August 31, 2015, the iShares MSCI USA ETF
(EUSA) will seek to track the MSCI USA Equal Weighted Index and
will change its name to iShares MSCI USA Equal Weighted ETF. It
will keep the same ticker, EUSA. The fund’s investment objective
will change to seeking to track the investment results of an index
composed of equal weighted U.S. equities.
Current
New Fund Name iShares MSCI USA ETF
(EUSA) iShares MSCI USA Equal Weighted ETF (EUSA)
Underlying Index MSCI USA Index MSCI USA Equal
Weighted Index
Investment Objective The iShares MSCI
USA ETF seeks to track the investment results of an index composed
of U.S. equities. The iShares MSCI USA Equal Weighted ETF
seeks to track the investment results of an index composed of equal
weighted U.S. equities.
iShares Japan Large-Cap ETF (ITF):
Effective on/around September 4, 2015, the iShares Japan
Large-Cap ETF (ITF) will seek to track the JPX-Nikkei Index 400 and
will change its name to iShares JPX-Nikkei 400 ETF. The fund’s
investment objective will change to seeking to track the investment
results of a broad-based benchmark composed of Japanese
equities.
Current
New Fund Name iShares Japan Large-Cap
ETF (ITF) iShares JPX-Nikkei 400 ETF (ITF)
Underlying
Index S&P/TOPIX 150 Index JPX-Nikkei Index
400 Index
Investment Objective The iShares Japan
Large-Cap ETF seeks to track the investment results of an index
composed of large-capitalization Japanese equities. The
iShares JPX-Nikkei 400 ETF seeks to track the investment results of
a broad-based benchmark composed of Japanese equities.
About BlackRock
BlackRock is a leader in investment management, risk management
and advisory services for institutional and retail clients
worldwide. At March 31, 2015, BlackRock’s AUM was $4.774 trillion.
BlackRock helps clients meet their goals and overcome challenges
with a range of products that include separate accounts, mutual
funds, iShares® (exchange-traded funds), and other pooled
investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions®.
Headquartered in New York City, as of March 31, 2015, the firm had
approximately 12,300 employees in more than 30 countries and a
major presence in key global markets, including North and South
America, Europe, Asia, Australia and the Middle East and Africa.
For additional information, please visit the Company’s website at
www.blackrock.com | Twitter: @blackrock_news | Blog:
www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock
About iShares
iShares is a global leader in exchange-traded funds (ETFs), with
more than a decade of expertise and commitment to individual and
institutional investors of all sizes. With over 700 funds globally
across multiple asset classes and strategies and more than $1
trillion in assets under management as of March 31, 2015, iShares
helps clients around the world build the core of their portfolios,
meet specific investment goals and implement market views. iShares
funds are powered by the expert portfolio and risk management of
BlackRock, trusted to manage more money than any other investment
firm*.
*Based on $4.77T in AUM as of 3/31/15.
Carefully consider the iShares Funds’ investment objectives,
risk factors, and charges and expenses before investing. This and
other information can be found in the Funds’ prospectuses and, if
available, summary prospectuses, which may be obtained by calling
1-800-iShares (1-800-474-2737) or by visiting
www.iShares.com. Read the prospectus carefully before
investing.
Investing involves risk, including possible loss of
principal. International investing involves risks, including
risks related to foreign currency, limited liquidity, less
government regulation and the possibility of substantial volatility
due to adverse political, economic or other developments. These
risks often are heightened for investments in concentrations of
single countries.
There can be no assurance that performance will be enhanced for
funds that seek to provide exposure to certain quantitative
investment characteristics ("factors"). Exposure to such investment
factors may detract from performance in some market environments,
perhaps for extended periods. In such circumstances, a fund may
seek to maintain exposure to the targeted investment factors and
not adjust to target different factors, which could result in
losses.
The iShares Funds are distributed by BlackRock Investments, LLC
(together with its affiliates, “BlackRock”).
The iShares Funds are not sponsored, endorsed, issued, sold or
promoted by MSCI Inc., nor does this company make any
representation regarding the advisability of investing in the
Funds. BlackRock is not affiliated with MSCI Inc.©2015 BlackRock.
All rights reserved. iSHARES and BLACKROCK are
registered trademarks of BlackRock. All other marks are the
property of their respective owners. iS-15991-0715.
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version on businesswire.com: http://www.businesswire.com/news/home/20150702005864/en/
BlackRock, Inc.Melissa Garville,
212-810-5528Melissa.Garville@blackrock.comPaul Young,
212-810-8142Paul.Young@blackrock.com
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