iShares Funds has filed paperwork with the SEC for a “iShares MSCI Global Gold Miners Fund.” The iShares MSCI Global Gold Miners Fund (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Gold Miners Investable Market Index. The MSCI ACWI Select Gold Miners Investable Market Index is a capped free float-adjusted market capitalization-weighted index comprised of companies primarily engaged in the business of gold mining in both developed and emerging markets. The Underlying Index includes companies classified under the gold GICS category, typically excluding companies which primarily invest in but do not operate gold mines and companies that do not generate any revenues from gold production. In addition, companies classified under the precious metals and minerals GICS category are included provided they derive at least 50% of their revenues from gold mining. MSCI applies screening criteria to include all securities of companies, which state as a policy, that they do not hedge their exposure to gold prices, as long as no mention of such hedging is found in their annual reports or such hedging activities can be identified as representing less than 10% of the business. The Underlying Index may include securities of companies that hedge their exposure to gold prices, companies that primarily invest in gold mines, or companies that are involved in gold exploration if the number of constituents of the Underlying Index is less than 30 at SAIRs, or certain micro cap companies involved in gold mining. The price of the equity securities of these companies and gold may not always be closely correlated. Number of Components: approximately 45

They did not specify a trading symbol or expense ratio in the initial filing.

Principal Investment Strategies

The Underlying Index has been developed by MSCI Inc. (“MSCI”) to measure the combined performance of equity securities of companies primarily engaged in the business of gold mining in both developed and emerging markets. MSCI begins with the MSCI All Country World Investable Market Index, and then selects securities of companies that are primarily focused on the exploration and production of gold and companies that generally do not engage in hedging activity with respect to gold prices. The price of the equity securities of these companies and gold may not always be closely correlated. As of November 1, 2011, the Underlying Index consisted of companies in the following six countries or regions: Australia, Canada, Hong Kong, South Africa, the United Kingdom and the United States.

BFA uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.

Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies.

BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Underlying Index. The Fund may or may not hold all of the securities in the Underlying Index.

The Fund generally invests at least 80% of its assets in securities of the Underlying Index or in depositary receipts representing securities in the Underlying Index. The Fund may invest the remainder of its assets in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index, and in other investments including futures contracts, options on futures contracts, options, and swaps related to its Underlying Index, as well as cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates.

The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).

The Underlying Index is sponsored by an organization (the “Index Provider”) that is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. The Fund’s Index Provider is MSCI.

For the complete filing click: HERE

NEW FILING