iShares International Preferred Stock ETF

Data updated: 2021-08-26

C000099357 — iShares International Preferred Stock ETF. Money Market · $59.42M AUM · 0.55% expense ratio. Holdings, fees, performance and SEC filings.

C000099357 Fund Overview

iShares International Preferred Stock ETF is a US ETF managed by iSHARES TRUST, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US ETF
Manager: iSHARES TRUST
Category: Money Market
Assets under management: $59.42M
1-year return: 42.9%
SEC CIK: 0001100663
SEC series ID: S000031906
Share class ID: C000099357

C000099357 Investment Objective and Strategy

iShares International Preferred Stock ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by iSHARES TRUST.

Investment objective

The iShares International Preferred Stock ETF (the “Fund”) seeks to track the investment results of an index composed of preferred stocks of non-U.S. developed markets.

Principal investment strategy

The Fund seeks to track the investment results of the S&P International Preferred Stock Index TM (the Underlying Index), which measures the performance of a select group of preferred stocks from non-U.S. developed market issuers and traded on non-U.S. developed market exchanges as defined by S&P Dow Jones Indices LLC (the Index Provider or SPDJI), a subsidiary of S&P Global, Inc. Securities listed in emerging markets are excluded. Preferred stock, unlike common stock, does not as directly reflect the performance of the common stock of companies issuing the preferred stock. The Underlying Index includes developed-market preferred stocks with a market capitalization over $100 million that meet minimum liquidity, trading volume, maturity and other requirements determined by the sponsor of the Underlying Index.

The Underlying Index excludes certain issues of preferred stock, such as those that are issued by special ventures (e.g., toll roads or dam operators) or structured products that are linked to indexes or other stocks. In general, preferred stock is a class of equity security that pays a specified dividend that must be paid before any dividends can be paid to common stockholders and takes precedence over common stock in the event of a companys liquidation. Although preferred stocks represent a partial ownership interest in a company, preferred stocks generally do not carry voting rights and have economic characteristics similar to fixed-income securities. Preferred stocks generally are issued with a fixed par value and pay dividends based on a percentage of that par value at a fixed or variable rate.

Additionally, preferred stocks often have a liquidation value that generally equals the original purchase price of the preferred stock at the date of issuance. The Underlying Index may include many different categories of preferred stock, such as floating, variable and fixed-rate preferreds, callable preferreds, convertible preferreds, cumulative and non-cumulative preferreds or various other traditional and hybrid issues of preferred stock. As of March 31, 2018, the Underlying Index was comprised of stocks of companies in the following countries: Canada, Singapore, Spain, Sweden and the United Kingdom (the U.K.). The Underlying Index may include large-, mid- or small-capitalization companies. As of March 31, 2018, a significant portion of the Underlying Index is represented by securities of companies in the energy and financials industries or sectors.

The components of the Underlying Index are likely to change over time. BFA uses a passive or indexing approach to try to achieve the Funds investment objective. Unlike many investment companies, the Fund does not try to beat the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies. BFA uses a representative sampling indexing strategy to manage the Fund. Representative sampling is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index.

The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index. The Fund generally will invest at least 90% of its assets in the component securities of the Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of the Underlying Index (i.e., depositary receipts representing securities of the Underlying Index) and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index.

The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund. The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received). The Underlying Index is a product of SPDJI, which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S.

government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.

C000099357 Performance

Total returns for C000099357 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	42.9%
3 years (annualised)	10.6%

C000099357 Risk Information

Risk metrics for C000099357, derived from monthly returns in SEC filings.

1-year volatility (annualised): 13.2%

C000099357 Costs and Fees

C000099357 costs about $55 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.55%
Gross expense ratio: 0.55%
Portfolio turnover: 68%
Brokerage commissions: 5.37 bps of average net assets (SEC N-CEN)

C000099357 Cashflows

Over the 12 months to 2021-06, iShares International Preferred Stock ETF had net inflows of $15.77M, from monthly SEC N-PORT filings.

Month	Net flow
2021-06	−$6.67M
2021-05	$7.12M
2021-04	−$5.07M
2021-03	$4.89M
2021-02	$9.88M
2021-01	$0

C000099357 Debt Constituents

No individual debt constituents are reported in iShares International Preferred Stock ETF's latest SEC N-PORT filing.

C000099357 Prospectus and SEC Filings

Official iShares International Preferred Stock ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.