iShares MSCI Argentina and Global Exposure ETF
Data updated: 2022-07-27
C000182619 — iShares MSCI Argentina and Global Exposure ETF. Money Market · $6.63M AUM · 0.59% expense ratio. Holdings, fees, performance and SEC filings.
C000182619 Fund Overview
iShares MSCI Argentina and Global Exposure 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: $6.63M
- 1-year return: 2.1%
- SEC CIK: 0001100663
- SEC series ID: S000057253
- Share class ID: C000182619
C000182619 Investment Objective and Strategy
iShares MSCI Argentina and Global Exposure ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by iSHARES TRUST.
Investment objective
The iShares MSCI Argentina and Global Exposure ETF (the “Fund”) seeks to track the investment results of a broad-based equity index with exposure to Argentina, as defined by the index provider.
Principal investment strategy
The Fund seeks to track the investment results of the MSCI All Argentina 25/50 Index (the Underlying Index), which is designed to measure the broad Argentina equity universe, while including a minimum number of constituents, as defined by MSCI, Inc. (the Index Provider or MSCI). The Underlying Index consists of equity securities of companies (i) that are classified in Argentina according to the MSCI Global Investable Market Index Methodology, together with (ii) companies that are not classified in Argentina according to the MSCI Global Investable Market Index Methodology, but are either headquartered or listed in Argentina and have significant linkage to Argentina (based on the geographic distribution of any of the following criteria: company's shareholder base, revenues, assets, management, employee base, history and country of incorporation), as defined and measured by MSCI, or (iii) have an economic exposure (based on the geographic distribution of a company's revenues) greater than 10% to Argentina, as defined and measured by MSCI, where the criteria outlined in (i) and (ii) do not result in the target number of securities and issuers.
The Underlying Index is a free float-adjusted market capitalization-weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight, and all issuers with a weight above 5% do not cumulatively exceed 50% of the Underlying Index weight. The Underlying Index may include large-, mid- or small-capitalization companies, and, as of August 31, 2017, the average free-float adjusted market capitalization of a company considered large by the Index Provider is approximately $2.6 billion. As of August 31, 2017, a significant portion of the Underlying Index is represented by securities of energy, financials and information technology companies. Companies with economic exposure or significant linkage to Argentina may include companies organized, listed or with significant operations in developed countries.
The components of the Underlying Index, and the degree to which these components represent certain industries, are likely to change over time. Components of the Underlying Index may include developed market issuers with economic exposure to Argentina. 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 Underlying Index includes depositary receipts, such as American depositary receipts (ADRs) and global depositary receipts (GDRs) as component securities and may include securities represented by either a local listing or foreign listing. 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, 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.
C000182619 Performance
Total returns for C000182619 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.1% |
| 3 years (annualised) | 13.2% |
C000182619 Risk Information
Risk metrics for C000182619, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 29.2%
C000182619 Costs and Fees
C000182619 costs about $59 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.59%
- Gross expense ratio: 0.59%
- Portfolio turnover: 30%
- Brokerage commissions: 2.28 bps of average net assets (SEC N-CEN)
C000182619 Cashflows
Over the 12 months to 2022-05, iShares MSCI Argentina and Global Exposure ETF had net outflows of $1.48M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-05 | $0 |
| 2022-04 | $0 |
| 2022-03 | $0 |
| 2022-02 | $0 |
| 2022-01 | $0 |
| 2021-12 | $0 |
C000182619 Debt Constituents
No individual debt constituents are reported in iShares MSCI Argentina and Global Exposure ETF's latest SEC N-PORT filing.
C000182619 Prospectus and SEC Filings
Official iShares MSCI Argentina and Global Exposure ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-12-20
- Prospectus (485BPOS) — filed 2020-12-21
- Prospectus supplement (497) — filed 2020-09-08
- Portfolio holdings (N-PORT) — filed 2022-07-27
- Portfolio holdings (N-PORT) — filed 2022-04-26
- Portfolio holdings (N-PORT) — filed 2022-01-27
- Annual census (N-CEN) — filed 2021-11-12
- Annual census (N-CEN) — filed 2020-11-13
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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.