iShares Bloomberg Enhanced Roll Yield Commodity Swap 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 Bloomberg Enhanced Roll Yield Total Return Index (the Index). The Index measures the return on commodity futures contracts comprised within the Bloomberg Commodity Enhanced Roll Yield Index combined with the notional value of such futures invested at the Secured Overnight Financing Rate (”SOFR”) and aims to mitigate the effects of negative roll yield on the performance of the Index. Roll yield is the difference between the prices of the shorter term and the longer term futures contracts when they are rolled. Further details regarding the Index (including the methodology and its constituents) are available on the index provider’s website at https://www.bloombergindices.com/bloombergcommodity-index-family/. Commodities eligible for inclusion in the Index include: brent crude oil, gasoil, WTI crude oil, heating oil, natural gas, gasoline, gold, silver, copper, zinc, tin, nickel, lead, aluminium, Chicago wheat, Kansas wheat, soybean, soybean oil, soybean meal, corn, cotton, coffee, sugar, live cattle, lean hogs and feeder cattle. The Index is composed of three to four futures contracts for each commodity. The Index rolls to a new set of futures contracts for each commodity on a monthly basis over a period of ten business days seeking to maintain diversified curve exposure over time). The Fund invests in 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. 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.