BlackRock is planning 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.
Effective on/around 31 August, 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.
The iShares MSCI USA Value Factor ETF seeks to track the performance of an index that measures the performance of US large- and mid-capitalisation stocks with value characteristics and relatively lower valuations.
Effective on/around 31 August, 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.
The iShares MSCI USA Quality Factor ETF (the “Fund”) seeks to track the investment results of an index that measures the performance of US large- and mid-capitalisation stocks as identified through three fundamental variables: return on equity, earnings variability and debt-to-equity.
Effective on/around 31 August, 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 US equities.
The iShares MSCI USA ETF seeks to track the investment results of an index composed of US equities.
The iShares MSCI USA Equal Weighted ETF seeks to track the investment results of an index composed of equal weighted US equities.
Effective on/around 4 September, 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.
The iShares Japan Large-Cap ETF seeks to track the investment results of an index composed of large-capitalisation Japanese equities.
The iShares JPX-Nikkei 400 ETF seeks to track the investment results of a broad-based benchmark composed of Japanese equities.
