iShares MSCI South Africa UCITS ETF


Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company




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This product does not have any distributions data as of now.
Total Return (%)

as of 30-Sep-2020

9.32 7.21 -5.52 -6.78 -11.25
Benchmark (%)

as of 30-Sep-2020

9.87 7.61 -5.09 -6.40 -11.01
  1y 3y 5y 10y Incept.
-13.70 -8.51 -3.03 -1.86 0.49
Benchmark (%)

as of 31-Oct-2020

-13.45 -8.16 -2.64 -1.36 1.04
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-21.22 0.28 -1.93 16.92 -13.70 -23.42 -14.27 -17.16 5.44
Benchmark (%)

as of 31-Oct-2020

-21.07 0.33 -1.80 17.16 -13.45 -22.54 -12.51 -12.77 11.75
  2015 2016 2017 2018 2019
Total Return (%) -25.79 17.33 35.51 -25.08 9.63
Benchmark (%) -25.45 17.91 36.12 -24.76 10.04

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets as of 27-Nov-2020 USD 104,919,773
Base Currency USD
Share Class launch date 22-Jan-2010
Asset Class Equity
Total Expense Ratio 0.65%
Product Structure Physical
Methodology Replicated
Domicile Ireland
Benchmark Index MSCI South Africa 20/35 Index
Distribution Frequency None
Securities Lending Return as of 30-Sep-2020 0.02 %
Rebalance Frequency Quarterly
Valor 10954785
Bloomberg Ticker SRSA SW
Issuing Company iShares III plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 27-Nov-2020 3,530,002
Number of Holdings as of 26-Nov-2020 39
Benchmark Level as of 27-Nov-2020 USD 983.21
Benchmark Ticker NU728367
Distribution Yield as of - -
Fiscal Year End 30 June
P/E Ratio as of 26-Nov-2020 17.09
P/B Ratio as of 26-Nov-2020 1.91
3y Beta as of 31-Oct-2020 1.00
Standard Deviation (3y) as of 31-Oct-2020 28.06%

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.

Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a Fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.

Review the MSCI methodology behind the Business Involvement metrics using links below.

MSCI - Controversial Weapons as of 26-Nov-2020 0.00%
MSCI - UN Global Compact Violators as of 26-Nov-2020 0.00%
MSCI - Nuclear Weapons as of 26-Nov-2020 0.00%
MSCI - Thermal Coal as of 26-Nov-2020 0.84%
MSCI - Civilian Firearms as of 26-Nov-2020 0.00%
MSCI - Oil Sands as of 26-Nov-2020 0.00%
MSCI - Tobacco as of 26-Nov-2020 0.00%

Business Involvement Coverage as of 26-Nov-2020 99.91%
Percentage of Fund not covered as of 26-Nov-2020 0.09%
Business Involvement exposures shown above for Thermal Coal and Oil Sands are calculated and reported for issuers within the fund that generate more than 5% of revenue from thermal coal mining or oil sands extraction, as defined by MSCI ESG Research. For the exposure to issuers within the fund that generate any revenue from thermal coal mining or oil sands extraction (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 2.86% and for Oil Sands 0.00%.

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research to provide a summed up view across holdings and translates it to a Fund's market value exposure to the listed Business Involvement areas above.

Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement.


Registered Locations

Registered Locations

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom



as of 26-Nov-2020
Ticker ISIN Name Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Market Currency Notional Value
Issuer Ticker Name Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Exchange Location Market Currency

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.


At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.


Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

12 Month Lending Summary as of 30-Sep-2020~
  • Securities Lending Return*: 0.02
  • Average on-loan (% of AUM): 5.67
  • Maximum on-loan (% of AUM)†: 14.85
  • Collateralisation (% of Loan): 112.48
as of 26-Nov-2020
Name Ticker ISIN SEDOL Exchange Location Asset Class Weight (%) Notional Value

Loan/Collateral Combinations and Collateral Levels**

Collateral Types
Loan TypeEquitiesGovernment, Supranational and Agency BondsCash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%
The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.
~The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months.

*Annualised Securities Lending Return is calculated using unaudited 12 month net securities lending revenues to the fund divided by the average NAV of the fund over the same period. 62.5% of all securities lending income is paid directly into the fund, with BlackRock receiving 37.5% compensation which covers all operational costs. BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 0/01/2015 to 31/12/2015 can be publicly disclosed from 01/02/2016.

+Maximum on-loan figure may increase or decrease over time.
**Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing basis and are subject to change.
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 26-Nov-2020

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.
as of 26-Nov-2020

% of Market Value

Type Fund
Allocations are subject to change.


Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
London Stock Exchange SRSA GBP 25-Jan-2010 B52XR66 SRSA LN SRSA.L ISRINAVG ISRSINAVGBP.DE IE00B52XQP83 - 10954785 - -
Deutsche Boerse Xetra IBC4 EUR 28-Sep-2010 B4Z09V6 IBC4 GY IBC4.DE ISRINAVE ISRSINAVEUR.DE IE00B52XQP83 A0YJ8Y - - -
London Stock Exchange IRSA USD 25-Jan-2010 B52XQP8 IRSA LN IRSA.L ISRINAVU ISRSINAVUSD.DE IE00B52XQP83 - - - -
Bolsa Mexicana De Valores IRSA MXN 10-Dec-2018 - - - - - IE00B52XQP83 - - - -
Borsa Italiana IRSA EUR 03-Jul-2015 BYP46H3 IRSA IM IRSA.IM - - IE00B52XQP83 - - - -
SIX Swiss Exchange SRSA USD 08-Apr-2015 BWTXQ27 SRSA SW SRSA.S - - IE00B52XQP83 - 10954785 - -