iShares Diversified Commodity Swap 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 Commodity USD Total Return Index, the Fund’s benchmark index (Index). The Index is designed to measure the performance of the return on commodity futures contracts comprised within the Bloomberg Commodity Index (BCOM) combined with the notional value of such futures invested at the most recent Secured Overnight Financing Rate. BCOM is designed to be a highly liquid and diversified benchmark for commodities investments, representing energy, agriculture, industrial metals, precious metals and livestock sectors. BCOM is designed to provide broad based exposure to commodities as an asset class, since no single commodity or commodity sector is dominant. BCOM is weighted based on the production of the underlying commodities (i.e. the higher the volume of production of a commodity, the higher the weighting of that commodity in the BCOM) and on the liquidity of the futures contracts on the underlying commodities. With the exception of several metals contracts (i.e. aluminium, lead, tin, nickel and zinc) that trade on the London Metal Exchange and the contract for Brent crude oil, each of the commodities that are available for inclusion in the Index is the subject of at least one futures contract that trades on a US exchange. The Fund invests in financial derivative instruments (FDIs) and will in particular invest in unfunded total return swaps in order to achieve its investment objective. A swap agreement is typically used to achieve a specified return determined by an underlying such as a return on an index. The Fund may invest directly in US Treasury Bills, money market instruments, including instruments issued or guaranteed by governments or public international bodies globally, and deposits with credit institutions. The Fund may also invest into, certificates of deposit, commercial paper and other fixed income securities or money market funds. The Fund intends to replicate the performance of the Index by gaining an indirect exposure, via FDIs, to the individual constituents of the Index. Using unfunded total return swaps may result in a ‘swap spread’, which is the overall economic impact of the swaps and is reflected in the Fund’s NAV. The weighted average swap spread in respect of the Fund is available on the BlackRock website at www.blackrock.com The price of a derivative changes on a daily basis depending on the value of the underlying reference asset(s) which in turn may affect the value of your investment. A change in the value of underlying reference assets can have a greater impact on the value of derivatives than if the assets were held directly since derivatives can be more sensitive to changes in the value of underlying reference assets. 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?”).

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The depositary of the Fund is State Street Custodial Services (Ireland) Limited. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares VI 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.

• BG Saxozero within the savings plan (buys)
• XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans