2018 Prospectus | |
► | iShares MSCI Global Metals & Mining Producers ETF | PICK | CBOE BZX |
|
S-1 |
|
1 |
|
2 |
|
16 |
|
18 |
|
18 |
|
22 |
|
31 |
|
31 |
|
33 |
|
33 |
|
35 |
Ticker: PICK | 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
Expenses1 |
Acquired
Fund Fees and Expenses1 |
Total
Annual Fund Operating Expenses |
Fee Waiver1 | Total
Annual Fund Operating Expenses After Fee Waiver | ||||||
0.39% | None | 0.00% | 0.00% | 0.39% | (0.00)% | 0.39% |
1 | For the most recently completed fiscal year, the amount rounded to 0.00%. |
1 Year | 3 Years | 5 Years | 10 Years | |||
$40 | $125 | $219 | $493 |
1 | The Fund’s year-to-date return as of September 30, 2018 was -4.78%. |
One Year | Five Years | Since
Fund Inception | |||
(Inception Date: 1/31/2012) | |||||
Return Before Taxes | 37.14% | -0.83% | -2.25% | ||
Return After Taxes on Distributions1 | 36.25% | -1.78% | -3.07% | ||
Return After Taxes on Distributions and Sale of Fund Shares1 | 21.60% | -0.79% | -1.80% | ||
MSCI ACWI Select Metals & Mining Producers ex Gold & Silver IMI (Index returns do not reflect deductions for fees, expenses or taxes) | 37.17% | -0.74% | -2.21% |
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. |
■ | Lower levels of liquidity and market efficiency; |
■ | Greater securities price volatility; |
■ | Exchange rate fluctuations and exchange controls; |
■ | Less availability of public information about issuers; |
■ | Limitations on foreign ownership of securities; |
■ | Imposition of withholding or other taxes; |
■ | Imposition of restrictions on the expatriation of the funds or other assets of the Fund; |
■ | Higher transaction and custody costs and delays in settlement procedures; |
■ | Difficulties in enforcing contractual obligations; |
■ | Lower levels of regulation of the securities markets; |
■ | Weaker accounting, disclosure and reporting requirements; and |
■ | Legal principles relating to corporate governance, directors’ fiduciary duties and liabilities and stockholders’ rights in markets in which the Fund invests may differ and/or may not be as extensive or protective as those that apply in the 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; and |
■ | The risk that the Fund may not be able to pursue claims on behalf of its shareholders because of the system of share registration and custody, and because Russian banking institutions and registrars are not guaranteed by the Russian government. |
Approximate
Value of a Creation Unit |
Creation
Unit Size |
Standard
Creation/ Redemption Transaction Fee |
Maximum
Additional Charge for Creations* |
Maximum
Additional Charge for Redemptions* | ||||
$1,626,500 | 50,000 | $8,400 | 7.0% | 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. |
iShares MSCI Global Metals & Mining Producers ETF | |||||||||
Year
Ended 08/31/18 |
Year
Ended 08/31/17(a) |
Year
Ended 08/31/16(a) |
Year
Ended 08/31/15(a) |
Year
Ended 08/31/14(a) | |||||
Net asset value, beginning of year | $ 31.86 | $ 21.67 | $ 21.30 | $ 40.37 | $ 36.23 | ||||
Net investment income(b) | 1.06 | 0.53 | 0.42 | 1.62 | 1.00 | ||||
Net realized and unrealized gain (loss)(c) | (1.05) | 10.26 | 0.41 | (17.91) | 4.44 | ||||
Net increase (decrease) from investment operations | 0.01 | 10.79 | 0.83 | (16.29) | 5.44 | ||||
Distributions (d) | |||||||||
From net investment income | (0.94) | (0.60) | (0.46) | (2.78) | (1.30) | ||||
Total distributions | (0.94) | (0.60) | (0.46) | (2.78) | (1.30) | ||||
Net asset value, end of year | $ 30.93 | $ 31.86 | $ 21.67 | $ 21.30 | $ 40.37 | ||||
Total Return | |||||||||
Based on net asset value | (0.10)% | 50.55% | 4.52% | (41.94)% | 15.32% | ||||
Ratios to Average Net Assets | |||||||||
Total expenses | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | ||||
Total expenses after fees waived | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | ||||
Net investment income | 3.15% | 2.31% | 2.16% | 5.18% | 2.53% | ||||
Supplemental Data | |||||||||
Net assets, end of year (000) | $403,636 | $347,259 | $223,182 | $69,219 | $183,699 | ||||
Portfolio turnover rate(e) | 14% | 12% | 8% | 17% | 18% | ||||
(a) Per share amounts reflect a one-for-two reverse stock split effective after the close of trading on November 4, 2016. | |||||||||
(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) Portfolio turnover rate excludes in-kind transactions. |
Premium/Discount Range | Number of Days | Percentage of Total Days | ||
Greater than 2.0% and Less than 2.5% | 1 | 0.23% | ||
Greater than 1.5% and Less than 2.0% | 4 | 0.91 | ||
Greater than 1.0% and Less than 1.5% | 9 | 2.05 | ||
Greater than 0.5% and Less than 1.0% | 61 | 13.90 | ||
Greater than 0.0% and Less than 0.5% | 170 | 38.72 | ||
At NAV | 4 | 0.91 | ||
Less than 0.0% and Greater than -0.5% | 148 | 33.71 | ||
Less than -0.5% and Greater than -1.0% | 38 | 8.66 | ||
Less than -1.0% and Greater than -1.5% | 3 | 0.68 | ||
Less than -1.5% and Greater than -2.0% | 1 | 0.23 | ||
439 | 100.00% |
Average Annual Total Returns | Cumulative Total Returns | ||||||
1 Year | 5 Years | Since Inception* | 1 Year | 5 Years | Since Inception* | ||
Fund NAV | (0.10)% | 1.03% | (3.49)% | (0.10)% | 5.24% | (20.89)% | |
Fund Market | (0.99)% | 1.16% | (3.56)% | (0.99)% | 5.96% | (21.25)% | |
Index | 0.56% | 1.27% | (3.38)% | 0.56% | 6.53% | (20.27)% |
* | Total returns for the period since inception are calculated from the inception date of the Fund (1/31/12). The first day of secondary market trading in shares of the Fund was 2/2/12. |
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 |