iShares Broad € High Yield Corp Bond UCITS ETFIndex, costs, backtest, listings and taxation

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The Fund 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 ICE BofAML Euro High Yield Constrained Index, (the Index). The Fund, aims to invest in the fixed income (FI) securities (such as bonds) that make up the Index and comply with its credit rating requirements. If the credit rating of the FI securities are upgraded or become unrated, such that they are no longer eligible for inclusion in the Index, the Fund may continue to hold these until they cease to form part of the Index and it is practicable to sell the position. The Index measures the performance of the ICE BofAML Euro High Yield Index (the "Parent Index) but applies a 3% cap to issuer concentration levels. The Index measures the performance of Euro denominated, fixed rate sub-investment grade (based on an average rating of Moody’s, S&P and Fitch) (i.e. meet a specified level of creditworthiness) corporate FI securities publicly issued in the Euro domestic market or Eurobond market. Further details regarding the Index (including the methodology and its constituents) are available on the index provider’s website at https://indices.theice.com/. The Index is market capitalisation weighted. The Fund uses optimising techniques to achieve a similar return to its index. These techniques may include the strategic selection of certain securities that make up the Index or other securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used 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 off-set the costs of the Fund.

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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 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?”).

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 III 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 distributing shares (i.e. income will be paid on the shares quarterly). Your shares will be denominated in Euro, 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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Dividends

ETFs declaring the same index

• XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans