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Thursday 07 December, 2017

iShares III PLC

Annual Update Notification

RNS Number : 7530Y
iShares III PLC
07 December 2017
 

iShares III plc

 

iShares III plc (the "Company") - As part of the annual review and update of the Company's prospectus, changes will be made to the prospectus that will affect certain sub-funds of the Company (see below) with effect from (or around) 22 December 2017 (the "Effective Date").

 

 

07 December 2017

 

iShares is committed to the continuous enhancement of its product suite. The changes being made will not have any material adverse effect on the manner in which your investment is managed. You are not required to do anything as a result of this notification.

 

A new version of the Company prospectus will be published on (or around) the Effective Date and will be available on www.ishares.com. Shareholders should refer to the prospectus for full details of the changes covered in this letter.

 

German Tax Reform

 

Pursuant to the new German Investment Tax Act (InvStG2018) which comes in to effect from 1 January 2018, the Company's prospectus has been updated in relation to certain sub-funds of the Company that have equity exposures.  Please refer to the prospectus for the details of the changes. 

Anticipated tracking error

 

The anticipated tracking error figures of the sub-funds of the Company have been reviewed and certain adjustments have been made in order to ensure that the anticipated figures remain as accurate as possible. Please refer to Schedule 1 for a comparison of the current and revised figures.

 

Tracking error is the annualised standard deviation of the difference in monthly returns between a sub-fund and its benchmark index. Anticipated tracking error is based on the expected volatility of differences between the returns of the relevant sub-fund (or its share classes) and the returns of its benchmark index.

 

Benchmark Index Descriptions

 

The benchmark index descriptions for a number of sub-funds of the Company have been revised and updated where necessary.

 

 

Primary Market Dealing

 

The valuation points and cut-off times which apply to subscription and redemption requests have been amended.

 

 

Investment Policy - iShares € Covered Bond UCITS ETF

 

The investment policy of the iShares € Covered Bond UCITS ETF has been amended to remove the disclosure which states that at all times at least two thirds of the total assets of this fund shall be invested in Euro. 

 

Valuation Methodology - iShares J.P. Morgan EM Local Govt Bond UCITS ETF

 

The valuation methodology for iShares J.P. Morgan EM Local Govt Bond UCITS ETF is now 'closing mid-market price'.

 

Please contact [email protected] if you have any queries concerning the changes to the Company.

 

 

iShares - General Enquiries                                                                +44 845 357 7000

 

J&E Davy (Sponsor)

 

Fergal Meegan / Brian Garrahy                                                           +353 1 6796363

 


SCHEDULE 1

 

Anticipated tracking error

 

The anticipated tracking error for the following sub-funds has been revised as set out below:

 

 

Fund

Anticipated tracking error (referenced in current prospectus)

 

Revised anticipated tracking error (to be referenced in new prospectus from the Effective Date)

iShares Emerging Asia Local Govt Bond UCITS ETF

Up to 0.450%

Up to 0.350%

iShares MSCI EM Small Cap UCITS ETF

Up to 1.500%

Up to 1.000%

iShares MSCI Japan Small Cap UCITS ETF

Up to 0.250%

Up to 0.200%

iShares MSCI Target UK Real Estate UCITS ETF

Up to 0.400%

Up to 0.200%

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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