Equity

3074 / 9074

iShares Core MSCI Taiwan ETF

IMPORTANT: Investment involves risk, including the loss of principal. Investors should refer to the Prospectus and Key Facts Statement of the iShares Core MSCI Taiwan Index ETF (the “ETF”) for details, including the risk factors. If you are in any doubt, you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser for independent financial advice.  Investors should not base investment decisions on this marketing material alone. Investors should note:
• The ETF aims to provide investment results that, before fees and expenses, closely correspond to the performance of the MSCI Taiwan Index.
• The ETF’s exposure is concentrated in the Taiwanese market and a greater portion of its assets may be represented in a single security or group of securities. It may be more susceptible to adverse economic, political, foreign exchange, liquidity, tax, legal or regulatory event affecting the Taiwanese market. The ETF may also subject to risks associated with the social factors, governmental changes, substantial government intervention, policies regarding inward investment and the restrictions on currency repatriation in Taiwan. Commodity market fluctuations and appreciation of the New Taiwan Dollar (“TWD”) may also affect the ETF’s Net Asset Value (“NAV”).
• The majority of underlying investments of the ETF are denominated in TWD, instead of the ETF’s base currency, USD. The ETF’s NAV may be affected unfavorably by fluctuations in the exchange rate between TWD and USD and by any change in exchange rate controls.
• All units will receive distributions in the base currency, USD, only. In the event that a unitholder has no USD account, the unitholder may have to bear (i) the fees and charges associated with the conversion of such dividend distributions from the base currency to HKD or any other currency; and (ii) the other bank or financial institutional fees and charges associated with the handling of the distribution payment. Unitholders are advised to check with their brokers regarding arrangements for distribution.
• Investors may be subject to additional costs or losses associated with foreign currency fluctuations between the base currency and the HKD trading currency. 
• The ETF may be subject to tracking error risk, which is the risk that its performance may not track that of the underlying index exactly.
• The units of the ETF are traded on the SEHK. The trading price of the units is subject to market forces and may trade at a substantial premium or discount to the ETF’s NAV, which may also increase due to the differences in trading hours between the Taiwan Stock Exchange and the SEHK. As the Taiwan Stock Exchange may be open when units of the ETF are not priced, the securities’ values in the ETF may change on days when investors cannot trade the units.
• The price of units traded in different counters may deviate significantly. If there is a suspension of the inter-counter transfer of units between the counters and/or any limitation on the level of services provided by brokers and CCASS participants, unitholders can only trade their units in one counter.
• The Manager may at its discretion pay distributions out of capital, or effectively out of capital, of the ETF. Payment of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the NAV per unit.
• The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The Fund may suffer losses from its derivatives usage.
• The ETF is subject to securities lending transactions risks. In particular, the borrower may fail to return the securities in a timely manner and the value of the collateral may fall below the value of the securities lent out.

Overview

Estimated NAV per unit is indicative and for reference purposes only. It is calculated, disseminated on a delayed basis and displayed on this website by ICE Data Services. The estimated NAV per unit for each trading currency other than the Base Currency is calculated using the estimated Net Asset Value per Unit in the Base Currency multiplied by the real time exchange rate provided by ICE Data Services for each such trading currency. The near real time estimated NAV per unit is updated at 15-second intervals during trading hours of the Stock Exchange of Hong Kong.
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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 26.98 -9.41 35.54 36.17 28.07 -29.31 29.12
Benchmark (%) 27.53 -8.94 36.06 36.58 28.74 -29.05 29.58
  1y 3y 5y 10y Incept.
25.58 0.73 15.17 - 14.44
Benchmark (%) 26.06 1.11 15.62 - 14.91
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.31 -1.93 8.67 26.88 25.58 2.20 102.62 - 188.42
Benchmark (%) 6.43 -2.84 8.76 27.15 26.06 3.36 106.62 - 197.91
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the calendar year end, NAV-to-NAV with dividend reinvested.

These figures show by how much the iShares Fund increased or decreased in value during the calendar year being shown. Performance is calculated in the base currency of the iShares Fund, including ongoing charges and taxes, and excluding your trading costs on SEHK.

Please refer to the Key Facts section for the inception date of the iShares Fund.

Where no past performance is shown there was insufficient data available in that calendar year to provide performance.

Benchmark performance does not reflect any management fees, transaction costs or expenses.

Source: BlackRock, MSCI

Key Facts

Key Facts

Net Assets of Fund
as of 23-May-2024
USD 51,378,011
Exchange
Hong Kong Stock Exchange
Asset Class
Equity
Index Ticker
NU727318
Management Fee
0.30%
Distribution Frequency
Annually
Bloomberg Ticker
3074 HK
SFC-authorised ESG fund
No
Fund Inception
22-Jun-2016
Fund Base Currency
USD
Benchmark Index
MSCI TAIWAN 20/35 INDEX
Shares Outstanding
as of 23-May-2024
1,920,000
ISIN
HK0000297777
Domicile
Hong Kong
Derivative Fund
No
For premium / discount information, please refer to the pricing & exchange table below.

For more information regarding the index, please visit here.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 23-May-2024
89
12M Trailing Distribution
as of 23-May-2024
2.09%
3y Beta
as of 30-Apr-2024
0.992
P/B Ratio
as of 23-May-2024
2.55
Benchmark Level
as of 24-May-2024
USD 738.09
Standard Deviation (3y)
as of 30-Apr-2024
23.23%
P/E Ratio
as of 23-May-2024
22.13

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. 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.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’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 23-May-2024
0.00%
MSCI - Nuclear Weapons
as of 23-May-2024
0.00%
MSCI - Civilian Firearms
as of 23-May-2024
0.00%
MSCI - Tobacco
as of 23-May-2024
0.00%
MSCI - UN Global Compact Violators
as of 23-May-2024
0.00%
MSCI - Thermal Coal
as of 23-May-2024
0.00%
MSCI - Oil Sands
as of 23-May-2024
0.00%

Business Involvement Coverage
as of 23-May-2024
100.00%
Percentage of Fund not covered
as of 23-May-2024
0.00%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data 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. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Holdings

Holdings

Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Shares CUSIP ISIN SEDOL Price Location Exchange Currency FX Rate Market Currency
Total allocation percentages shown in the All Holdings tables may not equal 100% due to rounding.
Holdings are subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 23-May-2024

% of Weight

Type Fund
As a percentage of NAV of the Fund. Based on Global Industry Classification Standard (GICS). Please note this data excludes underlying investments of any exchange traded funds that may be invested by the Fund
Allocations are subject to change.

Participating Dealers

Participating Dealers

Barclays Bank PLC
BNP PARIBAS Securities Services
Citigroup Global Markets Asia Limited
China Merchants Securities (HK) Co., Limited
Credit Suisse Securities (Hong Kong) Limited
ABN AMRO Clearing Hong Kong Limited
Goldman Sachs (Asia) Securities Limited
Haitong International Securities Group Limited
The Hongkong and Shanghai Banking Corporation Limited
J.P. Morgan Broking (Hong Kong) Limited
Mirae Asset Securities (HK) Limited
Merrill Lynch Far East Limited
UBS Securities Hong Kong Limited

Exchange

Exchange

Ticker Exchange Currency Listing Date Premium Discount Premium Discount As Of NAV NAV $ Change NAV % Change Price As Of NAV As Of Closing Price Closing Price $ Change Closing Price % Change FX to Base Ccy 20d Avg Volume Exchange Volume Bloomberg Ticker Bloomberg IOPV Bloomberg INAV Bloomberg Shares Out. SEDOL ISIN RIC Trading Board Lot
3074 XHKG Hong Kong Dollar 29-Jun-2016 -0.75 23-May-2024 208.96 1.70 0.82 24-May-2024 23-May-2024 207.20 -0.20 -0.10 7.80895 4,614.00 2,000.00 3074 HK 3074NAV 3074IV 3074SHO BDB7FQ1 HK0000297777 3074.HK 100.00
9074 XHKG U.S. Dollar 29-Jun-2016 -0.75 23-May-2024 26.76 0.21 0.79 24-May-2024 23-May-2024 26.56 0.00 0.00 - 1,974.00 44.00 9074 HK 9074NAV 9074IV 9074SHO BDB7FS3 HK0000297793 9074.HK 100.00
*FX to Base Ccy - WM Reuters 4:00pm (London time). Please note 4:00p.m (London time) (i) during British Summer Time is equivalent to 11:00pm Hong Kong Time and (ii) otherwise is equivalent to 12:00am Hong Kong Time.

Documents

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