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Security Profile
- Security Type
- Index ETF
- CUSIP
- 464287515
- Market Cap
- Large Cap · $6 Billion
- IPO
- 7/10/2001
- Previous Name
- iShares North American Tech-Software ETF
Fund Description: iShares North American Tech-Software ETF formerly iShares North American Tech-Software ETF, formerly iShares S&P North American Technology-Software Index Fund, formerly iShares S&P GSTI Software 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: Thei Shares North American Tech-Software 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 Software Index <p> INDEX DESCRIPTION: The S&P North American Expanded Technology Software Index is designed to measure U.S. traded securities in the GICS® application software, systems software, and home entertainment software sub-industries as well as applicable supplementary stocks. <p> FUND STRATEGY: The Fund uses a Representative Sampling strategy to try to track the Index. The Fund will concentrate its investments in a particular industry or group of industries to approximately the same extent the Index is so concentrated. Because the Index will always be concentrated in the software industry, which comprises 100% of its market capitalization, the Fund will always be concentrated in the software industry. 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