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Transaction Details

Company: iShares MSCI South Africa Index
Ticker:EZA
Yahoo Beta:1.24
Industry:ETF - Diversified Emerging Mkts

Company Description:  The iShares South Africa fund invests in a portfolio of South African stocks, most of which are traded on the Johannesburg Stock Exchange. Many of the top holdings are mining companies.

Purchase Date:03 Mar 2010 Sale Date:13 Sep 2012
Purchase Price:$56.44 Sale Price:$65.99
  --Split Adjusted:$56.44  --Split Adjusted:$65.99
Shares Purchased:20 Shares Sold:20
  --Split Adjusted:20  --Split Adjusted:20
Transaction Fee:$9.99 Transaction Fee:$10.02
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$58.52 High$0.00
Date14 Oct 2009 Date01 Jan 1996
Low$51.02 Low$0.00
Date02 Nov 2009 Date01 Jan 1996
S&P (Purchase Date):$1,118.79 S&P (Sale Date):$1,443.16

Purchase
Timing:  We bought above the midpoint of the recent six month performance.
Reason:  We would like to invest in a developing market. The BRIC countries seem somewhat overvalued, and we currently hold direct investments in Indian and Chinese firms. South Africa has a significant industrial base relative to most of Africa as well as natural resources. The upcoming World Cup should increase interest in S. Africa.

Sale
Timing:  We sold at close to the six month high.
Reason:  Several of the major components of this ETF are not truly South African companies. One of the largest holdings is being investigated for breaking the Iran embargo. Many other major holdings are in mining, and are experiencing labor unrest.

S&P Gain: 28.99 % Annualized Gain: 10.97%
Stock Gain: 16.92 % Annualized Gain: 6.6%

Dividends:$78.24
Net Holding Return ($): $249.23
Net Holding Return (%): 21.89 %