iShares iBonds Dec 2036 Term $ Corp 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 Bloomberg MSCI December 2036 Maturity USD Corporate ESG Screened Index, the Fund’s benchmark index (Index). The Share Class, via the Fund, is passively managed and aims to invest so far as possible and practicable in the fixed income (FI) securities that make up the Index and comply with its credit rating requirements. If the credit ratings of the FI securities are downgraded, the Fund may continue to hold these until they cease to form part of the Index and it is practicable to sell the position. To be eligible for inclusion in the Index the fixed-rate corporate bonds must (i) be USD denominated; (ii) mature on or between 01/01/2036 and 02/12/2036; (iii) comply with the Index requirements in relation to the minimum outstanding amount for each bond issuance; and (iv) be rated investment grade (Baa3/BBB-/BBB- or higher). The Index also excludes issuers based on the index provider’s ESG and other exclusionary criteria. The Index applies screens which exclude issuers that are involved in the following business lines/activities: tobacco, nuclear weapons, civilian firearms, controversial weapons, thermal coal (including thermal coal mining and thermal coal power generation), oil sands, conventional weapons and weapons systems/components/support systems/services. The Index also excludes issuers with a ‘Red’ MSCI ESG Controversies score (equal to 0) or that are not in compliance with the United Nations Global Compact Principles (UNGC Principles) and issuers that have not been assessed as part of the business involvement screens or researched for an MSCI ESG Controversies Score or compliance with UNGC principles. The Index is market value weighted, with a percentage cap placed on each issuer, in accordance with the index methodology and rebalances on a monthly basis. It is a term of investment in the Fund that Shareholders on 02/12/2036 will have their Shares redeemed without further notice or Shareholder approval on 03/12/2036. The Fund uses optimising techniques to achieve a similar return to its Index. The Fund may use financial derivative instruments (FDIs) for direct investment purposes. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to offset the costs of the Fund. The Fund may obtain limited exposure to securities which do not satisfy the ESG criteria.

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The price of fixed income securities may be affected by changing interest rates which in turn may affect the value of your investment. Fixed income securities prices move inversely to interest rates. Therefore, the market value of fixed income securities may decrease as interest rates increase. The credit rating of an issuing entity will generally affect the yield that can be earned on fixed income securities; the better the credit rating the smaller the yield.

The depositary of the Fund is State Street Custodial Services (Ireland) Limited. The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below (see “How long should I hold it and can I take my money out early?”) 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. This Fund may not be appropriate for investors who plan to withdraw their money before 02/12/2036. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares V plc. These documents are available free of charge in English and certain other languages. These can be found, along with other (practical) information, including prices of units, on the iShares website at: www.ishares.com or by calling +49 89427295800 or from your broker or financial adviser.

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 and traded on various stock exchanges. In normal circumstances, only authorised participants may buy and sell shares directly with the Fund. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the shares on the secondary market (e.g. via a broker on a stock exchange) at the then prevailing market price. The value of the shares are related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The prevailing market price at which the shares trade on the secondary market may deviate from the value of the Shares. Indicative net asset value is published on relevant stock exchanges websites.

Intended retail investor:The Fund is intended for retail investors with the ability to bear losses up to the amount invested in the Fund (see “How long should I hold it and can I take my money out early?”).

Insurance benefits:The Fund does not offer any insurance benefits.

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