2018 Prospectus | |
► | iShares Mortgage Real Estate ETF | REM | CBOE BZX |
Ticker: REM | Stock Exchange: Cboe BZX |
Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investments) | ||||||
Management
Fees |
Distribution
and Service (12b-1) Fees |
Other
Expenses |
Total
Annual Fund Operating Expenses | |||
0.48% | None | None | 0.48% |
1 Year | 3 Years | 5 Years | 10 Years | |||
$49 | $154 | $269 | $604 |
1 | The Fund’s year-to-date return as of June 30, 2018 was 0.52%. |
One Year | Five Years | Ten Years | |||
(Inception Date: 5/1/2007) | |||||
Return Before Taxes | 18.57% | 8.34% | 2.01% | ||
Return After Taxes on Distributions1 | 14.45% | 4.02% | -1.81% | ||
Return After Taxes on Distributions and Sale of Fund Shares1 | 10.51% | 4.31% | -0.22% | ||
FTSE NAREIT All Mortgage Capped Index (Index returns do not reflect deductions for fees, expenses, or taxes)2 | 19.17% | 8.91% | 5.05% |
1 | After-tax returns in the table above are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state or local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to tax-exempt investors or investors who hold shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). Fund returns after taxes on distributions and sales of Fund shares are calculated assuming that an investor has sufficient capital gains of the same character from other investments to offset any capital losses from the sale of Fund shares. As a result, Fund returns after taxes on distributions and sales of Fund shares may exceed Fund returns before taxes and/or returns after taxes on distributions. |
2 | Index returns through March 1, 2009 reflect the performance of the FTSE NAREIT Mortgage REITs Index. Index returns beginning on March 2, 2009 reflect the performance of the FTSE NAREIT All Mortgage Capped Index, which, effective as of March 2, 2009, replaced the FTSE NAREIT Mortgage REITs Index as the underlying index of the Fund. |
Approximate
Value of a Creation Unit |
Creation
Unit Size |
Standard
Creation/ Redemption Transaction Fee |
Maximum
Additional Charge for Creations* |
Maximum
Additional Charge for Redemptions* | ||||
$2,131,000 | 50,000 | $250 | 3.0% | 2.0% |
* | As a percentage of the net asset value per Creation Unit, inclusive, in the case of redemptions, of the standard redemption transaction fee. |
Year
ended Mar. 31, 2018 |
Year
ended Mar. 31, 2017a |
Period
from May 1, 2015 to Mar. 31, 2016a,b |
Year
ended Apr. 30, 2015a |
Year
ended Apr. 30, 2014a |
Year
ended Apr. 30, 2013a | ||||||
Net asset value, beginning of period | $ 45.34 | $ 38.68 | $ 46.46 | $ 49.85 | $ 62.99 | $ 55.99 | |||||
Income from investment operations: | |||||||||||
Net investment incomec | 2.66 | 3.50 | 3.52 | 3.72 | 5.84 | 6.48 | |||||
Net realized and unrealized gain (loss)d | (1.18) | 7.34 | (6.82) | (1.11) | (11.26) | 7.48 | |||||
Total from investment operations | 1.48 | 10.84 | (3.30) | 2.61 | (5.42) | 13.96 | |||||
Less distributions from: | |||||||||||
Net investment income | (3.53) | (3.53) | (3.56) | (4.76) | (5.84) | (6.96) | |||||
Return of capital | (0.81) | (0.65) | (0.92) | (1.24) | (1.88) | — | |||||
Total distributions | (4.34) | (4.18) | (4.48) | (6.00) | (7.72) | (6.96) | |||||
Net asset value, end of period | $ 42.48 | $ 45.34 | $ 38.68 | $ 46.46 | $ 49.85 | $ 62.99 | |||||
Total return | 3.10% | 29.32% | (7.09)% e | 5.42% | (7.41)% | 26.63% | |||||
Ratios/Supplemental data: | |||||||||||
Net assets, end of period (000s) | $1,004,534 | $1,246,883 | $762,513 | $1,216,004 | $1,215,659 | $1,270,072 | |||||
Ratio of expenses to average net assetsf | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% | |||||
Ratio of net investment income to average net assetsf | 5.82% | 8.30% | 9.31% | 7.59% | 11.74% | 10.96% | |||||
Portfolio turnover rateg | 31% | 34% | 18% e | 42% | 35% | 44% |
a | Per share amounts reflect a one-for-four reverse stock split effective after the close of trading on November 4, 2016. |
b | The Fund’s fiscal year-end was changed from April 30 to March 31. |
c | Based on average shares outstanding throughout each period. |
d | 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. |
e | Not annualized. |
f | Annualized for periods of less than one year. |
g | Portfolio turnover rates exclude portfolio securities received or delivered as a result of processing capital share transactions in Creation Units. |
Premium/Discount Range | Number of Days | Percentage of Total Days | ||
Greater than 2.0% and Less than 2.5% | 2 | 0.53% | ||
Greater than 1.5% and Less than 2.0% | 1 | 0.27 | ||
Greater than 1.0% and Less than 1.5% | 4 | 1.06 | ||
Greater than 0.5% and Less than 1.0% | 4 | 1.06 | ||
Greater than 0.0% and Less than 0.5% | 147 | 39.10 | ||
At NAV | 39 | 10.37 | ||
Less than 0.0% and Greater than -0.5% | 176 | 46.81 | ||
Less than -0.5% and Greater than -1.0% | 3 | 0.80 | ||
376 | 100.00% |
Average Annual Total Returns | Cumulative Total Returns | ||||||
NAV | MARKET | INDEX* | NAV | MARKET | INDEX* | ||
1 Year | 3.10% | 3.11% | 3.51% | 3.10% | 3.11% | 3.51% | |
5 Years | 4.06% | 4.01% | 4.56% | 22.00% | 21.71% | 24.95% | |
10 Years | 4.07% | 4.03% | 7.18% | 49.00% | 48.46% | 100.01% |
* | Index performance through March 1, 2009 reflects the performance of the FTSE NAREIT Mortgage REITs Index. Index performance beginning on March 2, 2009 reflects the performance of the FTSE NAREIT All Mortgage Capped Index, which, effective as of March 2, 2009, replaced the FTSE NAREIT Mortgage REITs Index as the underlying index of the Fund. |
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: | [email protected] |
Write: | c/o
BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |