Nine New Multifactor US Sector ETFs by iShares launched

BlackRock’s iShares, begun trading nine new Multifactor US Sector ETFs on Thursday, May 12, 2016:



Name of ETF


FNCF iShares Edge MSCI Multifactor Financials ETF MSCI USA Financials Diversified Multiple-Factor Capped Index
ERGF iShares Edge MSCI Multifactor Energy ETF MSCI USA Energy Diversified Multiple-Factor Capped Index
TCHF iShares Edge MSCI Multifactor Technology ETF MSCI USA Information Technology Diversified Multiple-Factor Capped Index
INDF iShares Edge MSCI Multifactor Industrials ETF MSCI USA Industrials Diversified Multiple-Factor Capped Index
CNSF iShares Edge MSCI Multifactor Consumer Staples ETF MSCI USA Consumer Staples Diversified Multiple-Factor Capped Index
CNDF iShares Edge MSCI Multifactor Consumer Discretionary ETF MSCI USA Consumer Discretionary Diversified Multiple-Factor Capped Index
HCRF iShares Edge MSCI Multifactor Healthcare ETF MSCI USA Health Care Diversified Multiple-Factor Capped Index
UTLF iShares Edge MSCI Multifactor Utilities ETF MSCI USA Utilities Diversified Multiple-Factor Capped Index
MATF iShares Edge MSCI Multifactor Materials ETF MSCI USA Materials Diversified Multiple-Factor Capped Index


Each reference index consists of US equity securities from the respective MSCI USA sector index that have high exposure to 4 investment style factors:
value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent Index.

MSCI, in selecting equity securities from the Parent Index, assigns a composite score for a security through a proprietary model based on 4 equally-weighted investment style factors: the value score is derived from a company’s valuation ratios (e.g., forward share price to earnings, share price to book value and enterprise value to operating cash flow); the quality score is calculated from a company’s underlying metrics (e.g., return-onequity, debt-to-equity and earnings variability); the momentum score is calculated through a global equity model, which aims to measure a security’s sustained relative performance against the global market over a2-year period and against other securities based in the same country over the previous 6 and 12 months (with a 1 month lag); and the low size score is derived from a global equity model that seeks to measure the market capitalization of a company as compared to other companies based in the same country.



Net Expense Ratio: 0.35% for each

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