iShares Global Comm Services ETF (IXP)
About iShares Global Comm Services ETF (IXP)
The Fund seeks to track the investment results of the S&P Global 1200 Communication Services 4.5/22.5/45 Capped Index (the Underlying Index), which is designed to measure the performance of global equities in the communication services sector (as determined by S&P Dow Jones Indices LLC (the Index Provider or SPDJI)). The Underlying Index uses a capping methodology to limit the weight of the securities of any single issuer (as determined by SPDJI) to a maximum of 25 percent of the Underlying Index. Additionally, the capping methodology limits the sum of the weights of the securities of all issuers that individually constitute more than 5 percent of the weight of the Underlying Index to a maximum of 50 percent of the weight of the Underlying Index in the aggregate. In order to implement this capping methodology, the Underlying Index constrains at quarterly rebalance as (i) the weight of any single issuer to a maximum of 22.5 percent, and (ii) the aggregate weight of all issuers that individually exceed 4.5 percent of the index weight to maximum of 45 percent.
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iShares Global Comm Services ETF News
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Exchange Traded Funds (ETFs): Investors should carefully consider the information contained in the prospectus, which contains the Fund’s investment objectives, risks, charges, expenses, and other relevant information. You may obtain a prospectus from the Fund company’s website. Please read the prospectus carefully prior to investing.
Shares of ETFs must be bought and sold at market price, which can vary significantly from the Fund’s net asset value (NAV). Investment returns are subject to market volatility and shares may be worth more or less their original value when redeemed. The diversification of an ETF will not protect against loss. An ETF may not achieve its stated investment objective. Rebalancing and other activities within the fund may be subject to tax consequences.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value of an investment will fluctuate and when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the standardized performance data quoted. Select the Standardized Performance link for the latest quarterly performance.