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iShares BM&FBovespa MidLarge Cap Fundo de Índice (MILA11)
The iShares BM&FBovespa MidLarge Cap Index Fund seeks returns on investments that generally correspond to the performance of the BM&FBovespa MidLarge Cap index, before fees and expenses. BM&FBovespa MidLarge Cap is a market index that measures the return on an investment in a theoretical portfolio calculated by the BM&FBovespa and comprised of stocks issued by companies with the greatest Capitalization Values listed on the BM&FBovespa, the total value of which represents, when combined, 85% (eighty-five percent) of the sum of the Capitalization Values of all of the companies listed on the BM&FBovespa.

This Index Fund presents differences in relation to the provisions of Instruction No. 359/02, allowing greater flexibility in the management of the portfolio, which may make greater liquidity possible, along with greater benchmark tracking error. For further information, click here.

To learn about the differences between iShares Index Funds and stock mutual funds click here.
Inception Date: 28/11/2008
Fund NAV as of 19/11/2009 Price as of 19/11/2009
Fund NAV R$46.329735 Daily Price N/A
Variance R$-0.26 Variance N/A
Variance -0.55% Variance 0.00%
Daily Index Level as of 19/11/2009
Index Value 936.68   
Variance -5.20   
Variance -0.55%   
Profile as of 19/11/2009 Fundamentals
Total Net Assets R$9,265,947 Ticker MILA11
Shares Outstanding 200,000 ISIN BRMILACTF003
Rate of Administration‡ 0.54% Index Linked
Índice BM&FBovespa MidLarge Cap
Assets with Greater Weight (Daily) as of 19/11/2009
View All Holdings
13.55%
PETROBRAS - PETROLEO BRAS-PR
10.61%
PETROBRAS - PETROLEO BRAS
9.36%
CIA VALE DO RIO DOCE-PREF A
9.23%
ITAU UNIBANCO BANCO MULTIPLO SA
6.83%
CIA VALE DO RIO DOCE
5.84%
BANCO BRADESCO -PREF
2.72%
ITAUSA-I NVESTIMENTOS ITAU-PR
2.65%
BM&F BOVESPA SA
2.63%
CIA DE BEBIDAS DAS AME-PREF
2.34%
CIA SIDERURGICA NACIONAL SA
Sectors with Greater Weight(Daily) as of 19/11/2009
1.10%
Capital Goods and Services
1.38%
Consumer Cyclical
2.35%
Construction and Transportation
3.51%
Telecommunications
6.15%
Utilities
7.24%
Consumer Non Cyclical
24.52%
Basic Materials
26.30%
Oil Gas and Biofuels
26.91%
Financial

‡The Fund has established a policy of lending the stocks in its portfolio for the purpose of obtaining additional revenue for the Fund. Each month in which the revenue received from such securities lending transactions comprises less than 0.10% of the Fund’s average net asset value (the “NAV”) for such month, the Fund’s administrator will refund to the Fund the amount of the administration fee that, together with the revenue received from securities lending transactions, equals 0.10% of the Fund’s average NAV. As a result, taking into account any securities lending transactions of the Fund, the economic effect of the Fund’s administration fee will be limited to 0.44% of the Fund’s average NAV.

The information contained in this website is in compliance with the provisions of the Bylaws of the Fund, but does not substitute for them. This web site should not be considered to be a recommendation to purchase Shares of the Fund. When purchasing Shares, potential investors should do their own analysis and evaluation of the Fund. INVESTORS SHOULD READ THE SECTION “RISK FACTORS” IN ORDER TO EVALUATE CERTAIN RISK FACTORS THAT SHOULD BE CONSIDERED WHEN PURCHASING THE SHARES. IT IS ALSO RECOMMENDED THAT THE BYLAWS OF THE FUND BE READ CAREFULLY BY THE INVESTOR WHEN INVESTING HIS FUNDS, WITH SPECIAL ATTENTION TO THE SECTIONS RELATING TO THE OBJECTIVE AND THE INVESTMENT POLICY OF THE FUND.

Authorization of registration for offering Shares of the Fund does not imply a guaranty on the part of the CVM as to the veracity of the information presented or as to the compliance of the Bylaws of the Fund with the legislation in force, nor any judgment as to the quality of the fund or its Administrator, Manager, or other service providers.

The creation and redemption of Shares with the Fund are executed exclusively by exchanging asset Baskets for Shares or exchanging Shares for asset Baskets, respectively, effected by intermediary of duly qualified brokers or distributors of certificates and securities who belong to the securities distribution system and are listed with the Fund Administrator as Authorized Agents, subject to Minimum Lots of Shares. For further details see Creation and Redemption of Fund Shares.

THE YIELD OBTAINED IN THE PAST DOES NOT REPRESENT A GUARANTY OF FUTURE RETURNS.

INVESTMENTS MADE IN THE FUND ARE NOT AVAILED OF ANY GUARANTY (I) FROM THE ADMINISTRATOR AND THE MANAGER OF THE FUND, OR FROM THEIR RESPECTIVE RELATED PARTIES, (II) FROM AUTHORIZED AGENTS, (III) FROM ANY INSURANCE MECHANISM, OR (IV) FROM THE CREDITS GUARANTY FUND (FGC), OR, FURTHERMORE, (V) FROM ANY OTHER PERSON OR ENTITY.

Investments made in the Fund present risks to the investor. THERE IS NO GUARANTY OF COMPLETE ELIMINATION OF THE POSSIBILITY OF LOSSES FOR THE FUND AND, AS A RESULT, FOR THE INVESTOR.

THIS FUND USES STRATEGIES SUCH AS DERIVATIVES AS AN INTEGRAL PART OF ITS INVESTMENT POLICY. SUCH STRATEGIES, IN THE MANNER ADOPTED, MAY RESULT IN SIGNIFICANT ASSET LOSSES FOR ITS INVESTORS.

All of the information made available here on the Index was obtained from the BM&FBovespa securities exchange and can be found in the disclosure materials of the Fund. Neither the Fund, the Administrator, the Manager, nor any other service provider that provides services to the Fund or to the benefit of the Fund, nor any of the Related Parties thereof, shall be liable for any inaccuracy in such information on the Index, nor for any inaccuracies in the calculation of the Index.

The offering of Fund Shares was registered in Brazil with the CVM. No registration of this offering has been nor shall be carried out with any other appropriate authority of another jurisdiction, nor any other record that may enable a public offering of the Shares or the possession, circulation, or distribution of any promotional material on the Fund in any other jurisdiction (other than Brazil). The Shares shall not be offered or sold, whether directly or indirectly, nor shall any offering materials or publicity relating to the Fund or to the Shares be distributed or published in any country or jurisdiction except under circumstances that are in compliance with the pertinent legislation or regulations of the respective country or jurisdiction.