iShares MSCI Germany Small-Cap ETF
Data updated: 2023-11-13
C000108738 — iShares MSCI Germany Small-Cap ETF. Money Market · $21.08M AUM · 0.59% expense ratio. Holdings, fees, performance and SEC filings.
C000108738 Fund Overview
iShares MSCI Germany Small-Cap 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: $21.08M
- 1-year return: 17.6%
- SEC CIK: 0001100663
- SEC series ID: S000035387
- Share class ID: C000108738
C000108738 Investment Objective and Strategy
iShares MSCI Germany Small-Cap ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by iSHARES TRUST.
Investment objective
The iShares MSCI Germany Small-Cap ETF (the “Fund”) seeks to track the investment results of an index composed of small-capitalization German equities.
Principal investment strategy
The Fund seeks to track the investment results of the MSCI Germany Small Cap Index (the Underlying Index), which is designed to measure the performance of equity securities of small-capitalization companies whose market capitalization, as calculated by the index provider, represents the bottom 14% of the German securities market. As of August 31, 2017, a significant portion of the Underlying Index is represented by securities of industrials and information technology companies. The components of the Underlying Index, and the degree to which these components represent certain industries, 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 sponsored by MSCI Inc. (the Index Provider or MSCI), 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.
C000108738 Performance
Total returns for C000108738 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 17.6% |
| 3 years (annualised) | -0.0% |
C000108738 Risk Information
Risk metrics for C000108738, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 31.0%
C000108738 Costs and Fees
C000108738 costs about $59 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.59%
- Gross expense ratio: 0.59%
- Portfolio turnover: 27%
- Brokerage commissions: 0.57 bps of average net assets (SEC N-CEN)
C000108738 Cashflows
Over the 12 months to 2023-08, iShares MSCI Germany Small-Cap ETF had net outflows of $5.31M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-08 | $0 |
| 2023-07 | $0 |
| 2023-06 | $0 |
| 2023-05 | $0 |
| 2023-04 | −$3.12M |
| 2023-03 | $0 |
C000108738 Debt Constituents
No individual debt constituents are reported in iShares MSCI Germany Small-Cap ETF's latest SEC N-PORT filing.
C000108738 Prospectus and SEC Filings
Official iShares MSCI Germany Small-Cap ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-12-21
- Prospectus (485BPOS) — filed 2021-12-20
- Prospectus (485BPOS) — filed 2020-12-21
- Portfolio holdings (N-PORT) — filed 2023-10-27
- Portfolio holdings (N-PORT) — filed 2023-07-27
- Portfolio holdings (N-PORT) — filed 2023-04-25
- Annual census (N-CEN) — filed 2023-11-13
- Annual census (N-CEN) — filed 2022-11-10
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.