NASDAQ Newsroom NASDAQ Investor Relations Listed Companies How our Market Works NASDAQ Corporate www.NASDAQ.com
Nasdaq
Web NASDAQ.com   

Contract Specifications

iShares

Description of iSharesSM
iShares are exchange-traded securities that represent ownership in over 50 different index funds, each designed to provide investment returns corresponding to the price and yield performance, before fees and expenses, of a particular index compiled by one of five index providers: Standard & Poor’s (a division of The McGraw-Hill Companies, Inc.), Dow Jones & Company, Cohen & Steers, The Nasdaq Stock Market, Inc., Frank Russell Company and Goldman Sachs Group. There is no assurance that the price and yield performance of each particular index for each fund can be fully matched.

 
Administration
Barclays Global Fund Advisors, a subsidiary of Barclays Global Investors, N.A., is the advisor to each fund. Investors Bank & Trust Company is the administrator, custodian, transfer agent and securities lending agent for each fund. SEI Investments Distribution Company is the distributor for each fund.
 
iShares series issued:
Broad-Based Indexes
Name Trading Symbol Underlying Trading Value Net Asset Value Shares Outstanding Estimated Cash Component Total Cash Component Underlying Index Symbol
iShares Dow Jones U.S.
Total Market Index Fund
IYY NLA NLA.NV NLA.SO NLA.EU NLA.TC DJUS
iShares Russell 1000
Growth Index Fund
IWF NBF NBF.NV NBF.SO NBF.EU NBF.TC RLG
iShares Russell 1000
Index Fund
IWB NJB NJB.NV NJB.SO NJB.EU NJB.TC RIY
iShares Russell 1000
Value Index Fund
IWD NJU NJU.NV NJU.SO NJU.EU NJU.TC RLV
iShares Russell 2000
Growth Index Fund
IWO NLO NLO.NV NLO.SO NLO.EU NLO.TC RUO
iShares Russell 2000
Index Fund
IWM NJM NJM.NV NJM.SO NJM.EU NJM.TC RTY
iShares Russell 2000
Value Index Fund
IWN NAJ NAJ.NV NAJ.SO NAJ.EU NAJ.TC RUY
iShares Russell 3000
Growth Index Fund
IWZ NBE NBE.NV NBE.SO NBE.EU NBE.TC RAG
iShares Russell 3000
Index Fund
IWV NMV NMV.NV NMV.SO NMV.EU NMV.TC RRY
iShares Russell 3000
Value Index Fund
IWW NNW NNW.NV NNW.SO NNW.EU NNW.TC RAV
iShares S&P 500
Index Fund
IVV NNV NNV.NV NNV.SO NNV.EU NNV.TC SPX
iShares S&P 500/BARRA
Growth Index Fund
IVW NJG NJG.NV NJG.SO NJG.EU NJG.TC SGX
iShares S&P 500/BARRA
Value Index Fund
IVE NME NME.NV NME.SO NME.EU NME.TC SVX
iShares S&P MidCap
400 Index Fund
IJH NJH NJH.NV NJH.SO NJH.EU NJH.TC MID
iShares S&P MidCap
400/BARRA Growth
Index Fund
IJK NNK NNK.NV NNK.SO NNK.EU NNK.TC MGD
iShares S&P MidCap
400/BARRA Value
Index Fund
IJJ NJJ NJJ.NV NJJ.SO NJJ.EU NJJ.TC MUV
iShares S&P SmallCap
600 Index Fund
IJR NIR NIR.NV NIR.SO NIR.EU NIR.TC SML
iShares S&P SmallCap
600/BARRA Growth
Index Fund
IJT NLT NLT.NV NLT.SO NLT.EU NLT.TC CKG
iShares S&P SmallCap
600/BARRA Value
Index Fund
IJS NJS NJS.NV NJS.SO NJS.EU NJS.TC CVK
Sector Indexes
Name Trading Symbol Underlying Trading Value Net Asset Value Shares Outstanding Estimated Cash Component Total Cash Component Underlying Index Symbol
iShares Cohen & Steers
Realty Majors Index Fund
ICF ICG ICG.NV ICG.SO ICG.EU ICG.TC RMP
iShares Dow Jones U.S.
Basic Materials Sector
Index Fund
IYM NLB NLB.NV NLB.SO NLB.EU NLB.TC DJUSBM
iShares Dow Jones U.S.
Chemicals Sector
Index Fund
IYD NNE NNE.NV NNE.SO NNE.EU NNE.TC DJUSCH
iShares Dow Jones U.S.
Consumer Cyclical Sector
Index Fund
IYC NLL NLL.NV NLL.SO NLL.EU NLL.TC DJUSCY
iShares Dow Jones U.S.
Consumer Non-Cyclical
Sector Index Fund
IYK NMJ NMJ.NV NMJ.SO NMJ.EU NMJ.TC DJUSNC
iShares Dow Jones U.S.
Energy Sector
Index Fund
IYE NLE NLE.NV NLE.SO NLE.EU NLE.TC DJUSEN
iShares Dow Jones U.S.
Financial Sector
Index Fund
IYF NLF NLF.NV NLF.SO NLF.EU NLF.TC DJUSFN
iShares Dow Jones U.S.
Financial Services Sector
Index Fund
IYG NAG NAG.NV NAG.SO NAG.EU NAG.TC DJUSFV
iShares Dow Jones U.S.
Healthcare Sector
Index Fund
IYH NHG NHG.NV NHG.SO NHG.EU NHG.TC DJUSHC
iShares Dow Jones U.S.
Industrial Sector
Index Fund
IYJ NIJ NIJ.NV NIJ.SO NIJ.EU NIJ.TC DJUSIN
iShares Dow Jones U.S.
Internet Index Fund
IYV NNU NNU.NV NNU.SO NNU.EU NNU.TC DJINET
iShares Dow Jones U.S.
Real Estate Sector
Index Fund
IYR NLR NLR.NV NLR.SO NLR.EU NLR.TC DJUSRE
iShares Dow Jones U.S.
Technology Sector
Index Fund
IYW NJW NJW.NV NJW.SO NJW.EU NJW.TC DJUSTC
iShares Dow Jones U.S.
Telecommunications
Sector Index Fund
IYZ NJZ NJZ.NV NJZ.SO NJZ.EU NJZ.TC DJUSTL
iShares Dow Jones U.S.
Utilities Sector
Index Fund
IDU NLU NLU.NV NLU.SO NLU.EU NLU.TC DJUSUT
iShares Goldman Sachs
Technology Index Fund
IGM IPM IPM.NV IPM.SO IPM.EU IPM.TC GTC
iShares Nasdaq
Biotechnology
Index Fund
IBB IBF IBF.NV IBF.SO IBF.EU IBF.TC NBI
International Indexes
Name Trading Symbol Underlying Trading Value Net Asset Value Shares Outstanding Estimated Cash Component Total Cash Component Underlying Index Symbol
iShares S&P Europe 350
Index Fund
IEV NLG NLG.NV NLG.SO NLG.EU NLG.TC **
iShares S&P/TSE 60
Index Fund
IKC NLJ NLJ.NV NLJ.SO NLJ.EU NLJ.TC SPTSE

Note: Underlying Trading Value is the market value of a Creation Unit’s Deposit Securities, including the Estimated Cash Component per Creation Unit, and is updated every 15 seconds. The Estimated Cash Component per Creation Unit represents the estimated total cash amount in dollars per Creation Unit anticipated to be required in connection with the current trading day’s creation or redemption requests. This value may include a cash-in-lieu amount for shares of any component stock, which may be excluded from the Creation Unit. Total Cash Component per Creation Unit represents the actual total cash amount, in dollars per Creation Unit, required in connection with the prior trading day’s creation or redemption requests. Net Asset Value, Estimated Cash Component per Creation Unit and Total Cash Component Per Creation Unit are all as of previous day’s close. Underlying Trading Value, Net Asset Value, and Final Dividend Payment are all on a per-share basis. Although iShares may be bought and sold on the exchange through any brokerage account, iShares are not individually redeemable from the Fund. Investors may acquire iShares, and tender iShares for redemption, through the Fund in Creation Unit aggregations only.

 
Trading Unit
A round lot is 100 shares. Odd lots (i.e., fewer than 100 shares) trade as well.
 
Price Quotations
Prices are quoted in dollars and cents with a minimum price variation of $0.01 (a penny).
 
Settlement of Trades
Three business days. All iShares are held in book-entry form only at The Depository Trust Company (DTC).
 
Dividends and Distributions
Each fund pays out dividends to investors at least annually and may pay them on a more frequent basis. All the funds distribute their net capital gains, if any, to investors annually.
 
Net Asset Value
IBT calculates each fund’s net asset value (NAV) in accordance with the standard formula for valuing mutual fund shares at the close of regular trading, normally 4 p.m. New York time. The formula calls for deducting all of a fund’s liabilities from the total value of its assets and dividing the result by the number of shares outstanding.
 
Initial Customer Margin and Short Sales
Regulation T-margin requirements for exchange traded securities apply. Long positions require 50 percent margin; short positions require 150 percent margin. iShares may be sold short on a downtick at any time during trading hours.
 
Prospectus
iShares are offered by prospectus only. A purchaser of iShares in the secondary market must be provided a current prospectus no later than the time confirmation of the first transaction in iShares is delivered to the purchaser. You can obtain a prospectus by calling 1-800-iShares (1-800-474-2737). Read it carefully before you invest. The prospectus must also accompany iShares sales material sent out by members.
 
Trading Hours
9:30 a.m. to 4:15 p.m. New York time.
 
Creations and Redemptions
iShares can be created at NAV in "creation unit" block sizes (usually 50,000 shares) by the deposit of a specified portfolio of stock closely approximating the composition of the relevant index and a specified amount of cash. Conversely, a creation unit (usually 50,000 shares) can be redeemed at NAV for a specific portfolio of stocks and a specified cash amount. The shares of component stocks in a "creation unit" are determined by the trustee prior to the opening of trading each business day. The required cash amount is determined on the same day following the close of trading.
 
CUSIP Number
IYY 464287846   IJT 464287887   IWZ 464287671   IYH 464287762   IBB 464287556
IKC 464287853   IJS 464287879   IWW 464287663   IYJ 464287754   IGM 464287549
IVV 464287200   IWB 464287622   IYM 464287838   IYV 464287747      
IVW 464287309   IWF 464287614   IYD 464287820   IYR 464287739      
IVE 464287408   IWD 464287598   IYC 464287580   IYW 464287721      
IJH 464287507   IWM 464287655   IYK 464287812   IYZ 464287713      
IJK 464287606   IWO 464287648   IYE 464287796   IDU 464287697      
IJJ 464287705   IWN 464287630   IYF 464287788   IEV 464287861      
IJR 464287804   IWV 464287689   IYG 464287770   ICF 464287564      
 

iShares are distributed by SEI Investments Distribution Co. Barclays Global Fund Advisors serves as an adviser to iShares and is a subsidiary of Barclays Global Investors, neither of which are affiliated with SEI. For more complete information, including charges and expenses, request a prospectus by calling 1-800-iSHARES (1-800-474-2737). Read it carefully before you invest. iShares are available to U.S.investors only. Some iShares may not yet be available, please consult your financial advisor. In addition to the normal risks associated with equity investing, narrowly focused investments and investments in smaller companies typically exhibit higher volatility. Products of companies in which technology funds invest may be subject to severe competition and rapid obsolescence. International investments may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. iShares are not sponsored, endorsed, sold or promoted by Dow Jones & Company, Inc., Frank Russell Company, Goldman Sachs Group, Morgan Stanley Capital International, Cohen & Steers Capital Managment, Inc., The Nasdaq Stock Market Inc. or Standard & Poor's. Nor do these companies make any representation regarding the advisability of investing in iShares. iShares is a servicemark of Barclays Global Investors. TSE is a registered trademark of The Toronto Stock Exchange. All other trademarks, servicemarks or registered trademarks are the property of their respective owners. Not FDIC Insured. Have No Bank Guarantee. May Lose Value.