iShares, Inc. has filed its annual shareholder report, providing a detailed account of the performance and financial status of the iShares MSCI Russia ETF. This report is particularly significant as it outlines the ongoing liquidation process of the fund, which has experienced substantial declines in value. Investors and stakeholders will find this information crucial as they assess their positions and the future of their investments.

The filing, submitted on November 5, 2026, covers the reporting period ending August 31, 2026. It reveals that the iShares MSCI Russia ETF entered a Plan of Liquidation on June 15, 2022, and is currently in the process of liquidating its assets. As a result, standard performance metrics are not applicable, as the fund no longer issues shares and is focused on distributing proceeds from the sale of its investments.

Background

iShares, Inc., a subsidiary of BlackRock, is a prominent investment management company based in San Francisco, California. The company specializes in exchange-traded funds (ETFs) and is known for its extensive range of investment products. The iShares MSCI Russia ETF, identified by the ticker symbol ERUS, is one of the funds managed by iShares. The company’s filings indicate a focus on transparency and accountability, particularly in light of the fund's current liquidation status.

What the Filing Says

The recent filing outlines critical aspects of the fund's performance and financial health. Notably, it states, “The Fund has distributed $4.10 per share since the Effective Date,” indicating that while the fund is in liquidation, it has still managed to return some value to its shareholders. However, the net asset value of a share was reported at just $0.03 as of August 31, 2026, reflecting the significant challenges faced by the fund.

Impact

This filing is likely to affect current investors in the iShares MSCI Russia ETF, as well as potential investors considering similar funds. The liquidation process and the associated financial losses may deter new investments and lead to heightened scrutiny from regulatory bodies. Additionally, competitors in the investment management sector will be closely monitoring iShares’ strategies and outcomes as they navigate their own investment products.

What's Next

The filing does not specify what happens next for the iShares MSCI Russia ETF beyond the ongoing liquidation process. Investors will need to stay informed through future filings and updates from the company regarding the final outcomes of the liquidation and any potential distributions.

Source: SEC Filing Accession Number 0001193125-26-449168