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ISZE

iShares Edge MSCI Intl Size Factor ETF

Equity

ISZE

iShares Edge MSCI Intl Size Factor ETF

Overview

Why ISZE?

1. Exposure to large- and mid-cap developed international stocks with a tilt towards the smaller, lower risk stocks

 

2. Index-based access to a specific factor which has historically driven a significant part of companies' risk and return1

 

3. Use to help manage exposure and risk within a stock allocation


1 Source: R. Clarke, H. Silva and S. Thorley, ”Minimum-Variance Portfolios in the U. S. Equity Market,” Journal of Portfolio Management, 2006.

INVESTMENT OBJECTIVE

The iShares Edge MSCI Intl Size Factor ETF seeks to track the investment results of an index composed of international developed large- and mid-capitalization stocks with relatively smaller average market capitalization.

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. -12.84 4.15 - - 1.64
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). -13.27 4.10 - - 1.55
Benchmark (%) Index: MSCI World ex USA Low Size Index. On 12/3/2018 ISZE began to track the MSCI World ex USA Low Size Index. Historical Index data prior to 12/3/2018 is for the MSCI World ex USA Risk Weighted Index; Index data on and after 12/3/2018 is for the MSCI World ex USA Low Size Index. -12.85 4.22 - - 1.75
After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold. -13.26 3.51 - - 1.06
After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares. -6.99 3.34 - - 1.40
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. -12.84 -5.32 -12.02 -10.89 -12.84 12.98 - - 5.92
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). -13.27 -5.60 -11.99 -10.51 -13.27 12.82 - - 5.62
Benchmark (%) Index: MSCI World ex USA Low Size Index. On 12/3/2018 ISZE began to track the MSCI World ex USA Low Size Index. Historical Index data prior to 12/3/2018 is for the MSCI World ex USA Risk Weighted Index; Index data on and after 12/3/2018 is for the MSCI World ex USA Low Size Index. -12.85 -5.37 -12.00 -10.89 -12.85 13.22 - - 6.32
After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold. -13.26 -5.49 -12.18 -11.05 -13.26 10.91 - - 3.80
After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares. -6.99 -2.89 -6.88 -6.20 -6.99 10.36 - - 5.03
  2014 2015 2016 2017 2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. - - 4.53 24.01 -12.84
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). - - 4.70 24.24 -13.27
Benchmark (%) Index: MSCI World ex USA Low Size Index. On 12/3/2018 ISZE began to track the MSCI World ex USA Low Size Index. Historical Index data prior to 12/3/2018 is for the MSCI World ex USA Risk Weighted Index; Index data on and after 12/3/2018 is for the MSCI World ex USA Low Size Index. - - 4.32 24.53 -12.85
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

Ex-Date Total Distribution Income
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Distributions Schedule
Record Date Ex-Date Payable Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end. Income ST Cap Gains LT Cap Gains Return of Capital

Premium/Discount

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Key Facts

Key Facts

Net Assets as of Feb 22, 2019 $5,221,187
Inception Date Jun 16, 2015
Exchange NYSE Arca
Asset Class Equity
Benchmark Index On 12/3/2018 ISZE began to track the MSCI World ex USA Low Size Index. Historical Index data prior to 12/3/2018 is for the MSCI World ex USA Risk Weighted Index; Index data on and after 12/3/2018 is for the MSCI World ex USA Low Size Index. MSCI World ex USA Low Size Index
Bloomberg Index Ticker NU722396
Shares Outstanding as of Feb 22, 2019 200,000
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives such as futures and currency forwards. as of Feb 21, 2019 897
Premium/Discount The amount the Fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund’s NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund’s NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number. as of Feb 22, 2019 -0.02%
CUSIP 46435G508
Closing Price as of Feb 22, 2019 26.09
Mid-Point Price The midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm eastern time for most funds). as of Feb 22, 2019 26.10
Options Available No
20 Day Avg. Volume The average number of shares traded in a security across all U.S. exchanges over the last 20 trading days. as of Feb 22, 2019 475.85
Daily Volume The number of shares traded in a security across all U.S. exchanges on the date indicated. as of Feb 22, 2019 202.00

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio The price-to-earnings (P/E) ratio is a fundamental measure used to determine if an investment is valued appropriately. Each holding's P/E is the latest closing price divided by the latest fiscal year's earnings per share. Negative P/E ratios are excluded from this calculation. as of Feb 21, 2019 14.36
P/B Ratio The price-to-book value (P/B) ratio is a fundamental measure used to determine if an investment is valued appropriately. The book value of a company is a measure of how much a company's assets are worth assuming the company's debts are paid off. Each holding's P/B is the latest closing price divided by the latest fiscal year's book value per share. Negative book values are excluded from this calculation. as of Feb 21, 2019 1.51
Equity Beta (3y) Beta is a measure of the tendency of securities to move with the market as a whole. A beta of 1 indicates that the security&#39;s price will move with the market. 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.<br/><br/>Calculated vs. S&amp;P 500 as of Jan 31, 2019 0.78
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. as of Jan 31, 2019 10.84%
Distribution Yield The annual yield an investor would receive if the most recent fund distribution and current fund price stayed the same going forward. It’s calculated by annualizing the most recent distribution and dividing by the fund’s net asset value (NAV) from the as-of date. as of Jan 31, 2019 2.03%
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-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. as of Jan 31, 2019 2.81%
30 Day SEC Yield A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. This yield reflects the interest earned after deducting the fund&#39;s expenses during the most recent 30-day period by the average investor in the fund. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. as of Jan 31, 2019 2.43%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Holdings

Holdings

Ticker Name Sector Shares Market Value Weight (%) Price Exchange Notional Value
Ticker Name Asset Class Weight (%) Price Shares Market Value Notional Value Sector SEDOL ISIN Exchange
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.
Holdings are subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of Feb 21, 2019

% 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 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.S. dollars regardless of the domicile of the issuer. 
as of Feb 21, 2019

% of Market Value

Type Fund
Allocations are subject to change.

Literature

Literature

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