iShares Global Comm Services ETF (IXP) Stock Price, Quote, News & History

The Fund seeks to track the investment results of the S&P Global 1200 Communication Services 4.5/22.5/45 Capped Index (the Underlying Index), which is designed to measure the performance of global equities in the communication services sector (as determined by S&P Dow Jones Indices LLC (the Index Provider or SPDJI)). The Underlying Index uses a capping methodology to limit the weight of the securities of any single issuer (as determined by SPDJI) to a maximum of 25 percent of the Underlying Index. Additionally, the capping methodology limits the sum of the weights of the securities of all issuers that individually constitute more than 5 percent of the weight of the Underlying Index to a maximum of 50 percent of the weight of the Underlying Index in the aggregate. In order to implement this capping methodology, the Underlying Index constrains at quarterly rebalance as (i) the weight of any single issuer to a maximum of 22.5 percent, and (ii) the aggregate weight of all issuers that individually exceed 4.5 percent of the index weight to maximum of 45 percent.