Category: Open Ended Investment Company
iShares MDAX® UCITS ETF (DE) (hereinafter the “Fund”) is an exchange traded fund (ETF) that aims to track the performance of the MDAX® (Performance Index) as closely as possible. In this regard, it aims to replicate the benchmark. The Index measures the performance of 60 medium-sized German companies from all industries, as well as foreign companies operating primarily in Germany. These companies are listed on the Prime Standard segment of the Frankfurt Stock Exchange and come in behind the 30 DAX® stocks in terms of free float market capitalisation and exchange turnover. The components are weighted by free float market capitalisation with a cap at 10%. Free float market capitalisation is the market value of a company's readily available outstanding shares. The index composition is reviewed annually and rebalanced quarterly, along with extraordinary reviews as needed. The Fund mostly invests in equities in order to achieve the investment objective. The proportion of assets in the Fund which matches the weighting of the underlying index (duplication percentage) is at least 95% of the Fund's assets. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. It is not the Investment Manager’s intention to leverage the Fund. However, the Fund may generate minimal amounts of leverage from time to time, for example, if using financial derivative instruments (FDIs) for efficient portfolio management purposes. Recommendation: This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. The units in the Fund are accumulating units. Income from the Fund’s investments will be included in the value of the units rather than being paid out as a dividend. The Fund units are denominated in Euro. The units are listed on one or more Stock Exchange(s). Investors can buy or sell their units daily during business hours through an intermediary on such Stock Exchange(s). For more information on the Fund, share/unit classes, risks and charges, please see the Fund's prospectus, available on the product pages at www.blackrock.com