The Modern Index Strategy


Actual after-tax returns depend on the investor's tax situation and may differ from those shown. Fidelity and BlackRock have entered into a long-term marketing program that compensates Fidelity to promote iShares ETFs; as part of this agreement, Fidelity offers iShares ETFs commission-free online for qualified buyers and sellers.

Beaten-down Beta


Share this fund with your financial planner to find out how it can fit in your portfolio. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Fidelity and BlackRock have entered into a long-term marketing program that compensates Fidelity to promote iShares ETFs; as part of this agreement, Fidelity offers iShares ETFs commission-free online for qualified buyers and sellers.

ETFs are subject to a short—term trading fee by Fidelity, if held less than 30 days. Other conditions and fees may apply. BlackRock is not affiliated with Fidelity or any of their affiliates. All other marks are the property of their respective owners.

This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments.

Brokerage commissions will reduce returns. Eastern time when NAV is normally determined for most ETFs , and do not represent the returns you would receive if you traded shares at other times.

Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses.

Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as k plans or individual retirement accounts.

Certain sectors and markets perform exceptionally well based on current market conditions and iShares Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. Options involve risk and are not suitable for all investors.

Daily Volume The number of shares traded in a security across all U. Negative book values are excluded from this calculation. Equity Beta 3y Calculated vs. A beta less than 1 indicates the security tends to be less volatile than the market, while a beta greater than 1 indicates the security is more volatile than the market.

Standard Deviation 3y Standard deviation measures how dispersed returns are around the average. A higher standard deviation indicates that returns are spread out over a larger range of values and thus, more volatile. Distribution Yield The annual yield an investor would receive if the most recent fund distribution and current fund price stayed the same going forward. The Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

Negative Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. This information must be preceded or accompanied by a current prospectus.

For standardized performance, please see the Performance section above. Fees Fees as of current prospectus. Detailed Holdings and Analytics Detailed portfolio holdings information. Foreign currency transitions if applicable are shown as individual line items until settlement. Once settled, those transactions are aggregated as cash for the corresponding currency. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.

Bonds are included in US bond indices when the securities are denominated in U. Learn how you can add them to your portfolio. Learn More Learn More. Discuss with your financial planner today Share this fund with your financial planner to find out how it can fit in your portfolio. Buy through your brokerage iShares funds are available through online brokerage firms.

Important Information Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. The midpoint is the average of the bid-ask prices at 4: Assumes fund shares have not been sold. AFFE are reflected in the prices of the acquired funds and thus included in the total returns of the Fund. At the core is MSCI's index methodology, which provides consistent treatment across all markets and ensures best practices in investability, replicability and cost efficiency.

A leader in equity indexes - learn more. We have remained a market leader by expanding and enhancing our index offering to reflect the evolving and complex needs of the institutional investment community — with groundbreaking new products, innovative research, high quality data and dedicated client support.

MSCI has been at the forefront of index construction and maintenance for more than 40 years, launching its first global equity indexes in Today we are more focused than ever on our clients' business needs and on delivering the quality and innovation they need to navigate increasingly complex markets.

Using an index in the investment process that accurately and consistently measures the full opportunity set is key to fully understanding and capturing all the unique drivers of risk and return. Evolves to measure and capture equity markets as they exist today.

Our indexes are built using an innovative maintenance methodology that provides superior balance between the need for a stable index that is flexible enough to adjust quickly to a constantly changing opportunity set.