BGFA is a subsidiary of Barclays Global Investors N
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BGFA is a subsidiary of Barclays Global Investors, N.A.("BGINA"), a national banking association and the Trustee. BGII and BGINAare majority-owned affiliates of Barclays Bank PLC. Neither the Trust northe Investing Pool is an investment company registered under theInvestment Company Act.Investments in shares of the Trust are speculative and involve a highdegree of risk. You could lose all or a substantial portion of yourinvestment in the shares of the Trust. Before making an investmentdecision, you should carefully consider the risk factors and otherinformation included in the prospectus. The value of the shares of theTrust, which seeks to track the S&P GSCI(TM) Total Return Index ("Index"),depends on the value of CERFs held by the Investing Pool, which arefutures contracts on the S&P GSCI(TM) Excess Return Index ("S&PGSCI-ER"), and will fluctuate based on the prices of commodity futurescontracts reflected in the S&P GSCI-ER.
Commodities markets havehistorically been extremely volatile. Shares may outperform orunderperform the Index.The price you receive upon the sale of your shares may be less than theirNAV. The NAV will fluctuate with changes in the market value of theInvesting Pool's assets, and market supply and demand. Brokeragecommissions and fees will reduce returns.Although shares of the Trust may be bought or sold on the exchange throughany brokerage account, shares of the Trust are not redeemable from theTrust except in one or more blocks of 50,000 units called Baskets. Onlyinstitutions that become Authorized Participants may purchase or redeemBaskets.Shares of the Trust may not provide the anticipated benefits ofdiversification from other asset classes. The lack of an active tradingmarket for the shares may result in losses on your investment at the timeof disposition of your shares The Trust and the Investing Pool have nooperating history. Therefore, there is no performance history to serve asa factor for evaluating an investment in the shares.The iShares S&P GSCI Commodity-Indexed Trust issues shares representingfractional undivided beneficial interests in its net assets.
The Trust isregistered under the Securities Act of 1933 of the United States but isnot registered for distribution, or traded, anywhere outside the UnitedStates. Please note that, since the shares of the Trust are expected toreflect the price of commodities, as described more fully in theprospectus, held by the Trust, the market price of the shares will be asunpredictable as the price of those commodities have historically been.The price received upon the sale of shares of the iShares S&P GSCICommodity-Indexed Trust, which trade at market price, may be more or lessthan the value of the commodities represented by them. If an investorsells the shares at a time when no active market for them exists, suchlack of an active market will most likely adversely affect the pricereceived for the shares. For a more complete discussion of risk factorsrelative to the iShares S&P GSCI Commodity-Indexed Trust, carefully readthe prospectus.Following an investment in the iShares S&P GSCI Commodity-Indexed Trust,several factors may have the effect of causing a decline in the prices ofthe commodities and a corresponding decline in the price of the shares.Among them: (i) a change in economic conditions, such as a recession, canadversely affect the price of the commodities. These commodities are usedin a wide range of industrial applications, and an economic downturn couldhave a negative impact on its demand and, consequently, its price and theprice of the iShares; (ii) a significant change in the attitude ofspeculators and investors towards the commodities. Should the speculativecommunity take a negative view towards the commodities, a decline in worldcommodities prices could occur, negatively impacting the price of theTrust; (iii) a significant increase in the commodity price hedgingactivity by commodities producers.The Trust is not sponsored, endorsed, sold, or promoted by Standard &Poor's or its affiliates.
Neither Standard & Poor's, nor its affiliates,make any representation regarding the advisability of investing in theTrust.Copyright 2009 Barclays Global Investors N.A. All rights reserved.iShares(R) is a registered trademark of Barclays Global Investors N.A.All other trademarks, servicemarks or registered trademarks are theproperty of their respective owners.Copyright 2009, Market Wire, All rights reserved.-0-. OLDWICK, N.J.--(Business Wire)--A.M Best Co. has affirmed the financial strength rating of B+ (Good) and issuercredit rating (ICR) of "bbb-" of Investors Heritage Life Insurance Company(Investors Heritage Life) (Frankfort, KY) Concurrently, A.M. Best has affirmedthe ICR of "bb-" of its holding company, Investors Heritage Capital Corporation(formerly known as Kentucky Investors Inc.) [IHRC.OB] The outlook for allratings is stable. The ratings reflect Investors Heritage Life`s adequate level of risk-adjustedcapitalization and historically stable operating profitability.
At year-end2008, risk-adjusted capitalization declined due to a loss of absolute capitaland surplus. This loss in capital and surplus was driven by the net loss inrealized capital losses, which is attributable to other-than-temporaryimpairments in the investment portfolio. However, net operating earnings haveremained positive over the last five years. Partially offsetting the above positive rating factors are the decline in directpremiums written over the past five years despite Investors Heritage Life`sniche presence in the preneed marketplace and high level of mortgage loansrelative to capital.
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