iShares MSCI World Consumer Discretionary Sector Advanced UCITS ETFIndex, costs, backtest, listings and taxation

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The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the MSCI World Consumer Discretionary Advanced Select 20 35 Capped Index, the Fund’s benchmark index (Index). The Share Class, via the Fund, is passively managed and aims to invest in equity securities (e.g. shares) that, so far as possible and practicable, make up the Index. The Index measures the performance of companies included in the MSCI World Consumer Discretionary Index (the "Parent Index") and excludes issuers based on the index provider’s environmental, social and governance (ESG) exclusionary criteria as described in the prospectus. Issuers may be excluded if they are involved in controversial, nuclear and conventional weapons, civilian firearms, tobacco, thermal coal, oil sands and companies that are classified as violating the United Nations Global Compact principles. The Index also excludes companies based on their involvement in very severe ESG related controversies. The remaining companies are weighted using an optimisation process which aims to reduce the carbon emissions intensity and potential emissions, increase the ESG score and minimise the tracking error, relative to the Parent Index. The Parent Index measures the performance of large and mid capitalisation stocks across developed market countries which comply with MSCI's size, liquidity, and free-float criteria that are within the Global Industry Classification Standard (GICS) consumer discretionary sector as described in the prospectus. The Fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar proportions to it. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. The investment manager may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective. The Fund adopts a binding and significant ESG optimisation approach to sustainable investing i.e. the Fund will integrate ESG information into investment processes to optimise exposure to issuers to achieve a higher ESG rating. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index.

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Your shares will be accumulating shares (i.e. income will be included in their value). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be affected by this currency difference. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange (s) on which the shares are traded. Indicative net asset value is published on relevant stock exchanges websites.

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