When a company such as ITF splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the ITF split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ITF shares, starting with a $10,000 purchase of ITF, presented on a split-history-adjusted basis factoring in the complete ITF split history.

About ITF

iShares S&P/TOPIX 150 Index Fund is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P/TOPIX 150 Index (the Index). The Index includes 150 securities selected from each sector of the Tokyo market. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. As of Mar 31 2013, the Fund's total assets and investment portfolio totaled $69,744,514 and $69,046,448, respectively. According to our ITF split history records, ITF has had 1 split.

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