iShares Global Utilities ETF (JXI)

About iShares Global Utilities ETF (JXI)

The Fund seeks to track the investment results of the S&P Global 1200 Utilities (Sector) Capped Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (the Index Provider or SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the utilities sector of the economy. The Underlying Index is a subset of the S&P Global 1200, which is designed to measure the performance of large-capitalization stocks from major global markets, as determined by 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 10 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 25 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 10 percent, and (ii) the aggregate weight of all issuers that individually exceed 4.5 percent of the index weight to a maximum of 22.5 percent. Between scheduled quarterly index reviews, the Underlying Index is rebalanced at the end of any day on which all issuers that individually constitute more than 5 percent of the weight of the Underlying Index constitute more than 25 percent of the weight of the Underlying Index in the aggregate. In implementing this capping methodology, SPDJI considers two or more companies as belonging to the same issuer where more than 20 percent of all voting shares in a subsidiary are controlled by the same issuer control group.

iShares Global Utilities ETF News