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About iShares MSCI South Africa Index Fund

EZA aims to capture the South African equity space by tracking a cap-weighted index that represents a majority of the market. It tilts large compared to our more comprehensive benchmark, as it excludes small-caps from its portfolio, Nevertheless, it still provides neutral sector exposure. Given the limitations of a small country like South Africa, investors must be conscious before investing in this fund, as it may allocate more resources to some select companies. Hence, a cap of 25% per issuer is used to ensure diversification among its holdings. EZA uses a representative sampling strategy, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. The index is rebalanced quarterly. Before September 2017, the fund tracked an uncapped version of its current index.