September 1, 2020 | |
2020 Prospectus |
• | iShares
Core High Dividend ETF | HDV | NYSE ARCA |
Ticker: HDV | Stock Exchange: NYSE Arca |
Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investments) | ||||||
Management
Fees |
Distribution
and Service (12b-1) Fees |
Other
Expenses1 |
Total
Annual Fund Operating Expenses | |||
0.08% | None | 0.00% | 0.08% |
1 | The amount rounded to 0.00%. |
1 Year | 3 Years | 5 Years | 10 Years | |||
$8 | $26 | $45 | $103 |
1 | The Fund’s year-to-date return as of June 30, 2020 was -15.27% . |
One Year | Five Years | Since
Fund Inception | |||
(Inception Date: 3/29/2011) | |||||
Return Before Taxes | 20.35% | 8.87% | 11.61% | ||
Return After Taxes on Distributions1 | 19.39% | 7.96% | 10.78% | ||
Return After Taxes on Distributions and Sale of Fund Shares1 | 12.67% | 6.85% | 9.41% | ||
Morningstar Dividend Yield Focus Index (Index returns do not reflect deductions for fees, expenses, or taxes) | 20.41% | 8.96% | 11.86% |
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. |
■ | General Impact. This outbreak has resulted in travel restrictions, closed international borders, enhanced health screenings at ports of entry and elsewhere, disruption of and delays in healthcare service preparation and delivery, prolonged quarantines, cancellations, supply chain disruptions, lower consumer demand, temporary closures of stores, restaurants and other commercial establishments, layoffs, defaults and other significant economic impacts, as well as general concern and uncertainty. |
■ | Market Volatility. The outbreak has also resulted in extreme volatility, severe losses, and disruptions in markets which can adversely impact the Fund and its investments, including impairing hedging activity to the extent a Fund engages in such activity, as expected correlations between related markets or instruments may no longer apply. In addition, to the extent the Fund invests in short-term instruments that have negative yields, the Fund’s value may be impaired as a result. Certain issuers of equity securities have cancelled or announced the suspension of dividends. The outbreak has, and may continue to, negatively affect the credit ratings of some fixed income securities and their issuers. |
■ | Market Closures. Certain local markets have been or may be subject to closures, and there can be no assurance that trading will continue in any local markets in which the Fund may invest, when any resumption of trading will occur or, once such markets resume trading, whether they will face further closures. Any suspension of trading in markets in which the Fund invests will have an impact on the Fund and its investments and will impact the Fund’s ability to purchase or sell securities in such markets. |
■ | Operational Risk. The outbreak could also impair the information technology and other operational systems upon which the Fund’s service providers, including BFA, rely, and could otherwise disrupt the ability of employees of the Fund’s service providers to perform critical tasks relating to the Fund, for example, due to the service providers’ employees performing tasks in alternate locations than under normal operating conditions or the illness of certain employees of the Fund’s service providers. |
■ | Governmental Interventions. Governmental and quasi-governmental authorities and regulators throughout the world have responded to the outbreak and the resulting economic disruptions with a variety of fiscal and monetary policy changes, including direct capital infusions into companies and other issuers, new monetary policy tools, and lower interest rates. An unexpected or sudden reversal of these policies, or the ineffectiveness of such policies, is likely to increase market volatility, which could adversely affect the Fund’s investments. |
■ | Pre-Existing Conditions. Public health crises caused by the outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally. |
iShares Core High Dividend ETF | |||||||||
Year
Ended 04/30/20 |
Year
Ended 04/30/19 |
Year
Ended 04/30/18 |
Year
Ended 04/30/17 |
Year
Ended 04/30/16 | |||||
Net asset value, beginning of year | $ 95.42 | $ 84.44 | $ 83.27 | $ 78.83 | $ 77.18 | ||||
Net investment income(a) | 3.24 | 3.09 | 2.99 | 2.85 | 2.70 | ||||
Net realized and unrealized gain (loss)(b) | (13.51) | 11.01 | 1.20 | 4.34 | 1.79 | ||||
Net increase (decrease) from investment operations | (10.27) | 14.10 | 4.19 | 7.19 | 4.49 | ||||
Distributions (c) | |||||||||
From net investment income | (3.30) | (3.12) | (3.02) | (2.75) | (2.84) | ||||
Total distributions | (3.30) | (3.12) | (3.02) | (2.75) | (2.84) | ||||
Net asset value, end of year | $ 81.85 | $ 95.42 | $ 84.44 | $ 83.27 | $ 78.83 | ||||
Total Return | |||||||||
Based on net asset value | (10.86)% | 17.05% | 5.03% | 9.22% | 6.12% | ||||
Ratios to Average Net Assets | |||||||||
Total expenses | 0.08% | 0.08% | 0.08% | 0.10% | 0.12% | ||||
Net investment income | 3.53% | 3.48% | 3.47% | 3.49% | 3.63% | ||||
Supplemental Data | |||||||||
Net assets, end of year (000) | $6,036,798 | $7,175,741 | $6,007,744 | $6,632,679 | $5,076,953 | ||||
Portfolio turnover rate(d) | 62% | 57% | 46% | 49% | 74% | ||||
(a) Based on average shares outstanding. | |||||||||
(b) 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. | |||||||||
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||||||||
(d) 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: | [email protected] |
Write: | c/o
BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |