iShares $ UltraShort Bond ESG SRI 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 iBoxx MSCI ESG SRI USD Liquid Investment Grade Ultrashort Index (“Index”). The Share Class, via the Fund, is passively managed and aims to invest in the fixed income (“FI”) securities (such as bonds) that make up the Index and comply with its credit rating requirements. The Index measures the performance of US Dollar denominated, investment grade, ultrashort FI securities issued by companies which are part of the iBoxx USD Liquid Investment Grade Ultrashort Index (“Parent Index”). Issuers are excluded from the Index if they are involved in certain business lines/activities, as outlined in the Index description of the Fund in the Fund’s Prospectus. Companies that are in violation of United Nations Global Compact principles or OECD Guidelines for Multinational Enterprises are also excluded from the Index. The index provider defines what constitutes “involvement” in each restricted activity which may be by reference to specific revenue thresholds or by any connection to an activity. The Index also excludes companies based on their involvement in major ESG controversies or which have an MSCI ESG rating below BBB. The Index is market capitalisation weighted (with a cap on each issuer of 3%). Market capitalisation is the market value of the outstanding bond issuance. The Fund adopts a best-in-class approach to sustainable investing. This means that it is expected that the Fund will invest in the best issuers from an ESG/SRI perspective (based on the ESG and SRI criteria of the Index) within each relevant sector of activities covered by the Index. The Fund's investment in FI securities will, at the time of purchase, comply with the credit rating and ESG requirements of the Index. Where securities no longer meet such requirements, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them. 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 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 IV 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 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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Dividends