(as revised March 1, 2023) |
2022 Prospectus |
• | iShares
Emerging Markets Equity Factor ETF | EMGF | CBOE
BZX |
Ticker: EMGF | Stock Exchange: Cboe BZX |
(ongoing expenses that you pay each year as a percentage of the value of your investments)1 | ||||||||||||
Management Fees |
Distribution
and Service (12b-1) Fees |
Other Expenses 2 |
Acquired
Fund Fees and Expenses2 |
Total
Annual Fund Operating Expenses |
Fee Waiver2 | Total
Annual Fund Operating Expenses After Fee Waiver | ||||||
( |
1 | |
2 |
1 Year | 3 Years | 5 Years | 10 Years | |||
$ |
$ |
$ |
$ |
1 |
One Year | Five Years | Since
Fund Inception | |||
(Inception
Date: |
|||||
Return Before Taxes
|
|||||
Return After Taxes on Distributions1
|
|||||
Return After Taxes on Distributions and Sale of
Fund Shares1
|
|||||
MSCI Emerging Markets Diversified Multiple-Factor Index2(Index returns do not reflect deductions for fees, expenses or taxes) | |||||
STOXX Emerging Markets Equity Factor Index2(Index returns do not reflect deductions for fees, expenses or taxes) |
1 |
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 because of the system of share registration and custody, and because Russian banking institutions and registrars are not guaranteed by the Russian government; and |
■ | 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 Emerging Markets Equity Factor ETF | |||||||||
Year
Ended 08/31/22 |
Year
Ended 08/31/21 |
Year
Ended 08/31/20 |
Year
Ended 08/31/19 |
Year
Ended 08/31/18 | |||||
Net asset value, beginning of year | $53.61 | $44.03 | $40.35 | $44.78 | $46.04 | ||||
Net investment income(a) | 1.64 | 1.23 | 1.11 | 1.47 | 1.39 | ||||
Net realized and unrealized gain (loss)(b) | (10.49) | 9.24 | 3.73 | (4.72) | (1.63) | ||||
Net increase (decrease) from investment operations | (8.85) | 10.47 | 4.84 | (3.25) | (0.24) | ||||
Distributions from net investment income(c) | (1.38) | (0.89) | (1.16) | (1.18) | (1.02) | ||||
Net asset value, end of year | $43.38 | $53.61 | $44.03 | $40.35 | $44.78 | ||||
Total Return(d) | |||||||||
Based on net asset value | (16.80)% | 23.97% | 12.17% | (7.16)% | (0.65)% | ||||
Ratios to Average Net Assets(e) | |||||||||
Total expenses | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% | ||||
Total expenses after fees waived | 0.45% | 0.45% | 0.45% | 0.45% | 0.42% | ||||
Net investment income | 3.41% | 2.44% | 2.71% | 3.55% | 2.87% | ||||
Supplemental Data | |||||||||
Net assets, end of year (000) | $832,808 | $761,199 | $541,608 | $411,575 | $291,071 | ||||
Portfolio turnover rate(f) | 54% | 49% | 45% | 53% | 39% | ||||
(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) Where applicable, assumes the reinvestment of distributions. | |||||||||
(e) Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | |||||||||
(f) Portfolio turnover rate excludes in-kind transactions. |
■ | sponsor, endorse, sell or promote the Fund. |
■ | recommend that any person invest in the Fund or any other securities. |
■ | have any responsibility or liability for or make any decisions about the timing, amount or pricing of the Fund. |
■ | have any responsibility or liability for the administration, management or marketing of the Fund. |
■ | consider the needs of the Fund or the owners of the Fund in determining, composing or calculating the Underlying Index or have any obligation to do so. |
■ | the Index Provider, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, express or implied, and exclude any liability about: |
■ | The results to be obtained by the Fund, the owner(s) of the Fund or any other person in connection with the use of the Underlying Index and the data included in the Underlying Index; |
■ | The accuracy, timeliness, and completeness of the Underlying Index and its data; |
■ | The merchantability and the fitness for a particular purpose or use of the Underlying Index and its data; |
■ | The performance of the Fund generally. |
■ | the Index Provider, Deutsche Börse Group and their licensors, research partners or data providers give no warranty and exclude any liability, for any errors, omissions or interruptions in the Underlying Index or its data; |
■ | Under no circumstances will the Index Provider, Deutsche Börse Group or their licensors, research partners or data providers be liable (whether in negligence or otherwise) for any lost profits or indirect, punitive, special or consequential damages or losses, arising as a result of such errors, omissions or interruptions in the Underlying Index or its data or generally in relation to the Fund, even in circumstances where the Index Provider, Deutsche Börse Group or their licensors, research partners or data providers are aware that such loss or damage may occur. |
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 |