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Security Profile
- Security Type
- Index ETF
- CUSIP
- 464287549
- Market Cap
- Large Cap · $4 Billion
- IPO
- 3/13/2001
- Previous Name
- iShares North American Tech ETF
Fund Description: iShares Expanded Tech Sector ETF, formerly iShares North American Tech ETF, formerly iShares S&P North American Technology Sector Index Fund, formerly iShares S&P GSTI Technology Index Fund, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the iShares Trust, an open-end investment management company. <p> INVESTMENT OBJECTIVE: The iShares Expanded Tech Sector ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Expanded Technology Sector Index <p> INDEX DESCRIPTION: The S&P North American Expanded Technology Sector Index imeasures
the performance of U.S.-traded stocks from the technology sector and select technology-related companies from the communication services and consumer discretionary sectors in the U.S. and Canada, as determined by S&P Dow Jones Indices LLC. The Underlying Index includes companies in the following categories: producers of sophisticated computer-related devices; providers of communications equipment and internet services; producers of computer and internet software; consultants for information technology; providers of computer services; semiconductors and semiconductor equipment manufacturers; and a select company engaging in content and information creation or distribution. The Underlying Index may include large-, mid- or small-capitalization companies. <p> FUND STRATEGY: The Fund uses a Representative Sampling strategy to try to track the Index. The Fund will concentrate its investments in the technology industry to approximately the same extent the Index is so concentrated. Because the Index will always be concentrated in the technology industry, which comprises 100% of its market capitalization, the Fund will always be concentrated in technology. The Fund pays out dividends to investors at least annually and may pay them on a more frequent basis. The Fund distributes its net capital gains, if any, to investors annually. <p> FUND MANAGEMENT: BlackRock Fund Advisors (BFA) serves as the investment adviser to the Fund.
Notes: October 10, 2018 BlackRock’s iShares unit will be giving two well-established ETFs a makeover as of Dec. 24. The $1.7 billion iShares North American Tech ETF (IGM) and the $2 billion iShares North American Tech-Software ETF (IGV) will be changing their names and indexes. IGM will adopt the S&P North American Expanded Technology Sector Index and change its name to the iShares Expanded Tech Sector ETF, and IGV will adopt the S&P North American Expanded Technology Software Index and change its name to the iShares Expanded Tech-Software Sector ETF.
Company Contact
- Headquarters
- 400 Howard Street, San Francisco, CA 94105
- Phone
- 415-670-2000 · Toll-Free 800-474-2737
- Investor Relations
- 800-474-2737 · isharesetfs@blackrock.com