iShares MSCI Taiwan ETF | EWT - BlackRock

The iShares MSCI Taiwan ETF seeks to track the investment results of an index composed of Taiwanese equities. Why EWT? 1. Exposure to large and mid-sized ... Skiptocontent BlackRock BlackRock iShares iShares Aladdin Aladdin Ourcompany Ourcompany IndividualInvestors UnitedStates SignIn Managecommunications MutualFund&529accounts Advisors Iinvestonbehalfofmyclients. Institutions Iconsultorinvestonbehalfofafinancialinstitution. GeneralPublic IwanttolearnmoreaboutBlackRock. 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Closed-endfunds Mutualfunds WhatisaniSharesETF? DOCUMENTS&FORMS Documentlibrary Factsheets Shareholderreports Regulatorydocuments Shareclassesandloads Taxinformation Forms&Applications TOOLS Tools&calculators LifePathspendingtool LifePathselectortool iSharescorebuilder Collegesavingestimator CoRIretirementcalculator Allinsights Allinsights TheBIDPodcast TheBIDPodcast OURCOMPANY AboutBlackRock Corporatesustainability Investmentstewardship BlackRockretirement Theroadtonetzero Connectwithus Careers Customerservice Funds Investmentstrategies Insights&education Aboutus Funds Allfunds 529CollegeSavingsPlan FUNDTYPE Mutualfunds iSharesETFs Closed-endfunds ASSETCLASS Cashfunds Commodityfunds Stockfunds Bondfunds Multi-assetfunds Realestatefunds FUNDSINFOCUS ScienceandTechnologyTrust Resources&CommoditiesStrategyTrust GlobalAllocationFund LifePathIndexRetirementFund TechnologyOpportunitiesFund iSharesCoreS&P500ETF Investmentstrategies Allinvestmentstrategies INVESTWITHBLACKROCK Alternativeinvestments Sustainableinvesting Factor-basedinvesting Systematicinvesting Retirementincomesolutions LifePath®targetdatefunds BLACKROCKALTERNATIVES Credit PrivateEquity RealAssets Insights&education Allinsights TheBIDPodcast INSIGHTS Weeklycommentary Globalinvestmentoutlook BlackRockInvestmentInstitute Portfoliomanagementviews EDUCATION Educationcenter Retirementvolatilitystrategies Planningforretirement Whatisa401(K)? Closed-endfunds Mutualfunds WhatisaniSharesETF? DOCUMENTS&FORMS Documentlibrary Factsheets Shareholderreports Regulatorydocuments Shareclassesandloads Taxinformation Forms&Applications TOOLS Tools&calculators LifePathspendingtool LifePathselectortool iSharescorebuilder Collegesavingestimator CoRIretirementcalculator Aboutus OURCOMPANY AboutBlackRock Corporatesustainability Investmentstewardship BlackRockretirement Theroadtonetzero Connectwithus Careers Customerservice RESET ReadLarryFink'schairman'slettertoshareholders ReadLarryFink'schairman'slettertoshareholders Filterlistbykeyword ShowMore ShowLess to of Total Sorry,nodataavailable. Performance Performance GrowthofHypothetical$10,000 Performancechartdatanotavailablefordisplay. Viewfullchart GrowthofHypothetical$10,000 HistoricalNAVs iSharesMSCITaiwanETF($) TheHypotheticalGrowthof$10,000chartreflectsahypothetical$10,000investmentandassumesreinvestmentofdividendsandcapitalgains.Fundexpenses,includingmanagementfeesandotherexpenseswerededucted.Theperformancequotedrepresentspastperformanceanddoesnotguaranteefutureresults.Investmentreturnandprincipalvalueofaninvestmentwillfluctuatesothataninvestor’sshares,whensoldorredeemed,maybeworthmoreorlessthantheoriginalcost.Currentperformancemaybelowerorhigherthantheperformancequoted,andnumbersmayreflectsmallvariancesduetorounding.StandardizedperformanceandperformancedatacurrenttothemostrecentmonthendmaybefoundinthePerformancesection. HistoricalNAVs HistoricalPrices Distributions RecordDate Ex-Date PayableDate Viewfulltable DistributionsSchedule RecordDate Ex-Date PayableDate TotalDistribution Income STCapGains LTCapGains ReturnofCapital Premium/Discount Viewfullchart Returns AverageAnnual Cumulative CalendarYear asof Feb28,2022 Dec31,2021   1y 3y 5y 10y Incept. TotalReturn(%) 28.38 31.07 20.64 13.70 4.98 MarketPrice(%) 28.94 31.28 20.89 13.72 4.97 Benchmark(%) 29.40 31.88 21.33 14.37 5.72 AfterTaxPre-Liq.(%) 27.34 30.29 19.85 13.05 4.56 AfterTaxPost-Liq.(%) 17.13 24.81 16.63 11.28 3.99 Performancedataisnotcurrentlyavailable asof Feb28,2022 Dec31,2021   YTD 1m 3m 6m 1y 3y 5y 10y Incept. TotalReturn(%) 28.38 5.82 9.69 6.61 28.38 125.17 155.49 261.23 184.98 MarketPrice(%) 28.94 5.80 10.38 7.03 28.94 126.23 158.24 261.67 184.38 Benchmark(%) 29.40 5.69 9.25 7.17 29.40 129.35 162.91 283.07 231.43 AfterTaxPre-Liq.(%) 27.34 4.97 8.80 5.75 27.34 121.16 147.31 241.04 161.32 AfterTaxPost-Liq.(%) 17.13 3.72 6.02 4.19 17.13 94.42 115.81 191.15 132.09 Performancedataisnotcurrentlyavailable   2017 2018 2019 2020 2021 TotalReturn(%) 25.51 -9.60 32.47 32.41 28.38 MarketPrice(%) 26.77 -9.96 33.39 31.53 28.94 Benchmark(%) 26.24 -9.19 33.16 33.11 29.40 Performancedataisnotcurrentlyavailable Theperformancequotedrepresentspastperformanceanddoesnotguaranteefutureresults.Investmentreturnandprincipalvalueofaninvestmentwillfluctuatesothataninvestor'sshares,whensoldorredeemed,maybeworthmoreorlessthantheoriginalcost.Currentperformancemaybelowerorhigherthantheperformancequoted. Withover60fundsacrossmorethan40countries,iSharesprovidesinvestorstheportfoliobuildingblockstheyneedtoexpresstheirinvestmentviewsglobally. Learnmore Learnmore KeyFacts KeyFacts NetAssetsofFund asofApr01,2022 $6,411,338,543 FundLaunchDate Jun20,2000 Exchange NYSEArca AssetClass Equity BenchmarkIndex MSCITaiwan25/50Index BloombergIndexTicker M1CXBISD SharesOutstanding asofApr01,2022 103,900,000 DistributionFrequency Annual Premium/Discount asofApr01,2022 -0.35% CUSIP 46434G772 ClosingPrice asofApr01,2022 61.49 Non-FVNAV asofApr01,2022 61.86 30DayAvg.Volume asofApr01,2022 5,045,944.00 30DayMedianBid/AskSpread asofApr01,2022 0.02% DailyVolume asofApr01,2022 6,254,651.00 PortfolioCharacteristics PortfolioCharacteristics NumberofHoldings asofMar31,2022 87 P/ERatio asofMar28,2022 13.03 P/BRatio asofMar28,2022 2.17 EquityBeta(3y) asofFeb28,2022 0.82 30DaySECYield asofFeb28,2022 1.76% StandardDeviation(3y) asofFeb28,2022 19.65% 12mTrailingYield asofFeb28,2022 2.16% Thisinformationmustbeprecededoraccompaniedbyacurrentprospectus.Forstandardizedperformance,pleaseseethePerformancesectionabove. SustainabilityCharacteristics SustainabilityCharacteristics SustainabilityCharacteristicsprovideinvestorswithspecificnon-traditionalmetrics.Alongsideothermetricsandinformation,theseenableinvestorstoevaluatefundsoncertainenvironmental,socialandgovernancecharacteristics.SustainabilityCharacteristicsdonotprovideanindicationofcurrentorfutureperformancenordotheyrepresentthepotentialriskandrewardprofileofafund.Theyareprovidedfortransparencyandforinformationpurposesonly.SustainabilityCharacteristicsshouldnotbeconsideredsolelyorinisolation,butinsteadareonetypeofinformationthatinvestorsmaywishtoconsiderwhenassessingafund.Learnmore. ThemetricsarenotindicativeofhoworwhetherESGfactorswillbeintegratedintoafund.Unlessotherwisestatedinfunddocumentationandincludedwithinafund’sinvestmentobjective,themetricsdonotchangeafund’sinvestmentobjectiveorconstrainthefund’sinvestableuniverse,andthereisnoindicationthatanESGorImpactfocusedinvestmentstrategyorexclusionaryscreenswillbeadoptedbyafund.Formoreinformationregardingafund'sinvestmentstrategy,pleaseseethefund'sprospectus. ReviewtheMSCImethodologiesbehindSustainabilityCharacteristicsusingthelinksbelow. MSCIESGFundRating(AAA-CCC) asofFeb07,2022 A MSCIESG%Coverage asofFeb07,2022 99.89% MSCIESGQualityScore(0-10) asofFeb07,2022 6.7 MSCIESGQualityScore-PeerPercentile asofFeb07,2022 90.00% FundLipperGlobalClassification asofFeb07,2022 EquityGreaterChina FundsinPeerGroup asofFeb07,2022 310 MSCIWeightedAverageCarbonIntensity(TonsCO2E/$MSALES) asofFeb07,2022 213.56 MSCIWeightedAverageCarbonIntensity%Coverage asofFeb07,2022 99.43% MSCIImpliedTemperatureRise(0-3.0+°C) asofFeb07,2022 >2.0°-2.5°C MSCIImpliedTemperatureRise%Coverage asofFeb07,2022 99.43% WhatistheImpliedTemperatureRise(ITR)metric?Learnwhatthemetricmeans,howitiscalculated,andabouttheassumptionsandlimitationsforthisforward-lookingclimate-relatedmetric. Climatechangeisoneofthegreatestchallengesinhumanhistoryandwillhaveprofoundimplicationsforinvestors.Toaddressclimatechange,manyoftheworld'smajorcountrieshavesignedtheParisAgreement.ThetemperaturegoaloftheParisAgreementistolimitglobalwarmingtowellbelow2°Cabovepre-industriallevels,andideally1.5°C,whichwillhelpusavoidthemostsevereimpactsofclimatechange. WhatistheITRmetric? TheITRmetricisusedtoprovideanindicationofalignmenttothetemperaturegoaloftheParisAgreementforacompanyoraportfolio.Scientificconsensussuggeststhatreducingemissionsuntiltheyreachnetzeroaroundmid-century(2050-2070)ishowthisgoalcouldbemet.Anetzeroemissionseconomyisonethatbalancesemissionsandremovals. HowistheITRmetriccalculated? TheITRmetriciscalculatedbylookingatthecurrentemissionsintensityofcompanieswithinthefund'sportfolioaswellasthepotentialforthosecompaniestoreduceitsemissionsovertime.Ifemissionsintheglobaleconomyfollowedthesametrendastheemissionsofcompanieswithinthefund'sportfolio,globaltemperatureswouldultimatelyrisewithinthisband. Note,onlycorporateissuersarecoveredwithinthecalculation.AsummaryexplanationofMSCI’smethodologyandassumptionsforitsITRmetriccanbefoundhere. BecausetheITRmetriciscalculatedinpartbyconsideringthepotentialforacompanywithinthefund’sportfoliotoreduceitsemissionsovertime,itisforward-lookingandpronetolimitations.Asaresult,BlackRockpublishesMSCI’sITRmetricforitsfundsintemperaturerangebands.Thebandshelptounderscoretheunderlyinguncertaintyinthecalculationsandthevariabilityofthemetric. WhatarethekeyassumptionsandlimitationsoftheITRmetric? Thisforward-lookingmetriciscalculatedbasedonamodel,whichisdependentuponmultipleassumptions.Also,therearelimitationswiththedatainputstothemodel.Importantly,anITRmetricmayvarymeaningfullyacrossdataprovidersforavarietyofreasonsduetomethodologicalchoices(e.g.,differencesintimehorizons,thescope(s)ofemissionsincludedandportfolioaggregationcalculations). ThereisnotauniversallyacceptedwaytocalculateanITR. Thereisnotauniversallyagreeduponsetofinputsforthecalculation. Atpresent,availabilityofinputdatavariesacrossassetclassesandmarkets.Totheextentthatdatabecomesmorereadilyavailableandmoreaccurateovertime,weexpectthatITRmetricmethodologieswillevolveandmayresultindifferentoutputs. Wheredataisnotavailable,and/orifdatachanges,theestimationmethodsvary,particularlythoserelatedtoacompany’sfutureemissions. TheITRmetricestimatesafund’salignmentwiththeParisAgreementtemperaturegoal.However,thereisnoguaranteethattheseestimateswillbereached.TheITRmetricisnotarealtimeestimateandmaychangeovertime,thereforeitispronetovarianceandmaynotalwaysreflectacurrentestimate. TheITRmetricisnotanindicationorestimateofafund’sperformanceorrisk.Investorsshouldnotrelyonthismetricwhenmakinganinvestmentdecisionandinsteadshouldrefertoafund’sprospectusandgoverningdocuments.Thisestimateandtheassociatedinformationisnotintendedasarecommendationtoinvestinanyfund,norisitintendedtoindicateanycorrelationbetweenafund’sITRmetricanditsfutureinvestmentperformance. ShowMore ShowLess AlldataisfromMSCIESGFundRatingsasofFeb07,2022,basedonholdingsasofDec31,2021.Assuch,thefund’ssustainablecharacteristicsmaydifferfromMSCIESGFundRatingsfromtimetotime. TobeincludedinMSCIESGFundRatings,65%ofthefund’sgrossweightmustcomefromsecuritieswithESGcoveragebyMSCIESGResearch(certaincashpositionsandotherassettypesdeemednotrelevantforESGanalysisbyMSCIareremovedpriortocalculatingafund’sgrossweight;theabsolutevaluesofshortpositionsareincludedbuttreatedasuncovered),thefund’sholdingsdatemustbelessthanoneyearold,andthefundmusthaveatleasttensecurities.Fornewlylaunchedfunds,SustainabilityCharacteristicsaretypicallyavailable6monthsafterlaunch. BusinessInvolvement BusinessInvolvement BusinessInvolvementmetricscanhelpinvestorsgainamorecomprehensiveviewofspecificactivitiesinwhichafundmaybeexposedthroughitsinvestments. BusinessInvolvementmetricsarenotindicativeofafund’sinvestmentobjective,and,unlessotherwisestatedinfunddocumentationandincludedwithinafund’sinvestmentobjective,donotchangeafund’sinvestmentobjectiveorconstrainthefund’sinvestableuniverse,andthereisnoindicationthatanESGorImpactfocusedinvestmentstrategyorexclusionaryscreenswillbeadoptedbyafund.Formoreinformationregardingafund'sinvestmentstrategy,pleaseseethefund'sprospectus. ReviewtheMSCImethodologybehindtheBusinessInvolvementmetrics,usinglinksbelow. MSCI-ControversialWeapons asofMar31,2022 0.00% MSCI-UNGlobalCompactViolators asofMar31,2022 0.00% MSCI-NuclearWeapons asofMar31,2022 0.00% MSCI-ThermalCoal asofMar31,2022 0.00% MSCI-CivilianFirearms asofMar31,2022 0.00% MSCI-OilSands asofMar31,2022 0.00% MSCI-Tobacco asofMar31,2022 0.00% BusinessInvolvementCoverage asofMar31,2022 99.95% PercentageofFundnotcovered asofMar31,2022 0.05% BlackRockbusinessinvolvementexposuresasshownaboveforThermalCoalandOilSandsarecalculatedandreportedforcompaniesthatgeneratemorethan5%ofrevenuefromthermalcoaloroilsandsasdefinedbyMSCIESGResearch.Fortheexposuretocompaniesthatgenerateanyrevenuefromthermalcoaloroilsands(ata0%revenuethreshold),asdefinedbyMSCIESGResearch,itisasfollows:ThermalCoal0.00%andforOilSands0.00%. BusinessInvolvementmetricsarecalculatedbyBlackRockusingdatafromMSCIESGResearchwhichprovidesaprofileofeachcompany’sspecificbusinessinvolvement.BlackRockleveragesthisdatatoprovideasummedupviewacrossholdingsandtranslatesittoafund'smarketvalueexposuretothelistedBusinessInvolvementareasabove. BusinessInvolvementmetricsaredesignedonlytoidentifycompanieswhereMSCIhasconductedresearchandidentifiedashavinginvolvementinthecoveredactivity.Asaresult,itispossiblethereisadditionalinvolvementinthesecoveredactivitieswhereMSCIdoesnothavecoverage.Thisinformationshouldnotbeusedtoproducecomprehensivelistsofcompanieswithoutinvolvement.BusinessInvolvementmetricsareonlydisplayedifatleast1%ofthefund’sgrossweightincludessecuritiescoveredbyMSCIESGResearch. Fees Fees asofcurrentprospectus ManagementFee 0.57% AcquiredFundFeesandExpenses 0.00% ForeignTaxesandOtherExpenses 0.00% ExpenseRatio 0.57% Ratings Holdings Holdings All asof Mar31,2022 Dec31,2021 Ticker Name Sector AssetClass MarketValue Weight(%) NotionalValue Shares CUSIP ISIN SEDOL Price Location Exchange Currency FXRate AccrualDate Exchange-tradedindexfuturesmaybeusedtooffsetcashandreceivablesforthepurposeoftrackingthebenchmarkindex. DetailedHoldingsandAnalytics Holdingsaresubjecttochange. Thevaluesshownfor“marketvalue,”“weight,”and“notionalvalue”(the“calculatedvalues”)arebasedoffofapriceprovidedbyathird-partypricingvendorfortheportfolioholdinganddonotreflecttheimpactofsystematicfairvaluation(“thevendorprice”).ThevendorpriceisnotnecessarilythepriceatwhichtheFundvaluestheportfolioholdingforthepurposesofdeterminingitsnetassetvalue(the“valuationprice”).Additionally,whereapplicable,foreigncurrencyexchangerateswithrespecttotheportfolioholdingsdenominatedinnon-U.S.currenciesforthevaluationpricewillbegenerallydeterminedasofthecloseofbusinessontheNewYorkStockExchange,whereasforthevendorpricewillbegenerallydeterminedasof4p.m.London.Thecalculatedvaluesmayhavebeendifferentifthevaluationpriceweretohavebeenusedtocalculatesuchvalues.Thevendorpriceisasofthemostrecentdateforwhichapriceisavailableandmaynotnecessarilybeasofthedateshownabove.Pleaseseethe“DeterminationofNetAssetValue”sectionofeachFund’sprospectusforadditionalinformationontheFund’svaluationpoliciesandprocedures. ExposureBreakdowns ExposureBreakdowns Sector asofMar28,2022 %ofMarketValue Type Fund ShowMore ShowLess Allocationsaresubjecttochange. Literature Literature   HowtoBuyiSharesETFs HowtoBuyiSharesETFs TherearemanywaystoaccessiSharesETFs.Learnhowyoucanaddthemtoyourportfolio. LearnMore LearnMore Discusswithyourfinancialplannertoday Sharethisfundwithyourfinancialplannertofindouthowitcanfitinyourportfolio. Emailyouradvisor Buythroughyourbrokerage iSharesfundsareavailablethroughonlinebrokeragefirms.AlliSharesETFstradecommissionfreeonlinethroughFidelity. VisitFidelity CarefullyconsidertheFunds'investmentobjectives,riskfactors,andchargesandexpensesbeforeinvesting.ThisandotherinformationcanbefoundintheFunds'prospectusesor,ifavailable,thesummaryprospectuses,whichmaybeobtainedbyvisitingtheiSharesETFandBlackRockFundprospectuspages.Readtheprospectuscarefullybeforeinvesting.Investinginvolvesrisk,includingpossiblelossofprincipal. BeforeengagingFidelityoranybroker-dealer,youshouldevaluatetheoverallfeesandchargesofthefirmaswellastheservicesprovided.FreecommissionofferappliestoonlinepurchasesofselectiSharesETFsinaFidelityaccount.ThesaleofETFsissubjecttoanactivityassessmentfee(from$0.01to$0.03per$1,000ofprincipal).ForiSharesETFs,FidelityreceivescompensationfromtheETFsponsorand/oritsaffiliatesinconnectionwithanexclusivelong-termmarketingprogramthatincludespromotionofiSharesETFsandinclusionofiSharesfundsincertainFidelityBrokerageServicesplatformsandinvestmentprograms.Pleasenote,thissecuritywillnotbemarginablefor30daysfromthesettlementdate,atwhichtimeitwillautomaticallybecomeeligibleformargincollateral.Additionalinformationaboutthesources,amounts,andtermsofcompensationcanbefoundintheETF’sprospectusandrelateddocuments.FidelitymayaddorwaivecommissionsonETFswithoutpriornotice. TheFundsaredistributedbyBlackRockInvestments,LLC(togetherwithitsaffiliates,“BlackRock”). ©2019BlackRock,Inc.Allrightsreserved.BLACKROCK,BLACKROCKSOLUTIONS,BUILDONBLACKROCK,ALADDIN,iSHARES,iBONDS,iTHINKING,iSHARESCONNECT,FUNDFRENZY,LIFEPATH,SOWHATDOIDOWITHMYMONEY,INVESTINGFORANEWWORLD,BUILTFORTHESETIMES,theiSharesCoreGraphic,CoRIandtheCoRIlogoareregisteredandunregisteredtrademarksofBlackRock,Inc.,oritssubsidiariesintheUnitedStatesandelsewhere.Allothermarksarethepropertyoftheirrespectiveowners. ICRMH0719U-885409 Download Exploremore Funds FUNDTYPE Mutualfunds iSharesETFs Closed-endfunds ASSETCLASS Cashfunds Commodityfunds Stockfunds Bondfunds Multi-assetfunds Realestatefunds FUNDSINFOCUS ScienceandTechnologyTrust Resources&CommoditiesStrategyTrust GlobalAllocationFund LifePathIndexRetirementFund TechnologyOpportunitiesFund iSharesCoreS&P500ETF Allfunds Allfunds 529CollegeSavingsPlan 529CollegeSavingsPlan Investmentstrategies INVESTWITHBLACKROCK Alternativeinvestments Sustainableinvesting Factor-basedinvesting Systematicinvesting Retirementincomesolutions LifePath®targetdatefunds BLACKROCKALTERNATIVES Credit PrivateEquity RealAssets Allinvestmentstrategies Allinvestmentstrategies Insights&education INSIGHTS Weeklycommentary Globalinvestmentoutlook BlackRockInvestmentInstitute Portfoliomanagementviews EDUCATION Educationcenter Retirementvolatilitystrategies Planningforretirement Whatisa401(K)? Closed-endfunds Mutualfunds WhatisaniSharesETF? DOCUMENTS&FORMS Documentlibrary Factsheets Shareholderreports Regulatorydocuments Shareclassesandloads Taxinformation Forms&Applications TOOLS Tools&calculators LifePathspendingtool LifePathselectortool iSharescorebuilder Collegesavingestimator CoRIretirementcalculator Allinsights Allinsights TheBIDPodcast TheBIDPodcast Aboutus OURCOMPANY AboutBlackRock Corporatesustainability Investmentstewardship BlackRockretirement Theroadtonetzero Connectwithus Careers Customerservice Keepexploring Asaglobalinvestmentmanagerandfiduciarytoourclients,ourpurposeatBlackRockistohelpeveryoneexperiencefinancialwell-being.Since1999,we'vebeenaleadingprovideroffinancialtechnology,andourclientsturntousforthesolutionstheyneedwhenplanningfortheirmostimportantgoals. 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ImportantInformation ReviewtheMSCImethodologybehindtheSustainabilityCharacteristicsandBusinessInvolvementmetrics:1ESGRatings;2IndexCarbonFootprintMetrics;3BusinessInvolvementScreeningResearch;4ESGScreenedIndexMethodology;5ESGControversies;6MSCIImpliedTemperatureRise ForfundswithaninvestmentobjectivethatincludetheintegrationofESGcriteria,theremaybecorporateactionsorothersituationsthatmaycausethefundorindextopassivelyholdsecuritiesthatmaynotcomplywithESGcriteria.Pleaserefertothefund’sprospectusformoreinformation.Thescreeningappliedbythefund'sindexprovidermayincluderevenuethresholdssetbytheindexprovider.Theinformationdisplayedonthiswebsitemaynotincludeallofthescreensthatapplytotherelevantindexortherelevantfund.Thesescreensaredescribedinmoredetailinthefund’sprospectus,otherfunddocuments,andtherelevantindexmethodologydocument. Certaininformationcontainedherein(the“Information”)hasbeenprovidedbyMSCIESGResearchLLC,aRIAundertheInvestmentAdvisersActof1940,andmayincludedatafromitsaffiliates(includingMSCIInc.anditssubsidiaries(“MSCI”)),orthirdpartysuppliers(eachan“InformationProvider”),anditmaynotbereproducedorredisseminatedinwholeorinpartwithoutpriorwrittenpermission.TheInformationhasnotbeensubmittedto,norreceivedapprovalfrom,theUSSECoranyotherregulatorybody.TheInformationmaynotbeusedtocreateanyderivativeworks,orinconnectionwith,nordoesitconstitute,anoffertobuyorsell,orapromotionorrecommendationof,anysecurity,financialinstrumentorproductortradingstrategy,norshoulditbetakenasanindicationorguaranteeofanyfutureperformance,analysis,forecastorprediction.SomefundsmaybebasedonorlinkedtoMSCIindexes,andMSCImaybecompensatedbasedonthefund’sassetsundermanagementorothermeasures.MSCIhasestablishedaninformationbarrierbetweenequityindexresearchandcertainInformation.NoneoftheInformationinandofitselfcanbeusedtodeterminewhichsecuritiestobuyorsellorwhentobuyorsellthem.TheInformationisprovided“asis”andtheuseroftheInformationassumestheentireriskofanyuseitmaymakeorpermittobemadeoftheInformation.NeitherMSCIESGResearchnoranyInformationPartymakesanyrepresentationsorexpressorimpliedwarranties(whichareexpresslydisclaimed),norshalltheyincurliabilityforanyerrorsoromissionsintheInformation,orforanydamagesrelatedthereto.Theforegoingshallnotexcludeorlimitanyliabilitythatmaynotbyapplicablelawbeexcludedorlimited. CarefullyconsidertheFunds'investmentobjectives,riskfactors,andchargesandexpensesbeforeinvesting.ThisandotherinformationcanbefoundintheFunds'prospectusesor,ifavailable,thesummaryprospectuses,whichmaybeobtainedbyvisitingtheiSharesFundandBlackRockFundprospectuspages.Readtheprospectuscarefullybeforeinvesting. Investinginvolvesrisk,includingpossiblelossofprincipal. IftheFundinvestsinanyunderlyingfund,certainportfolioinformation,includingsustainabilitycharacteristicsandbusiness-involvementmetrics,providedfortheFundmayincludeinformation(onalook-throughbasis)ofsuchunderlyingfund,totheextentavailable. Internationalinvestinginvolvesrisks,includingrisksrelatedtoforeigncurrency,limitedliquidity,lessgovernmentregulationandthepossibilityofsubstantialvolatilityduetoadversepolitical,economicorotherdevelopments.Theserisksoftenareheightenedforinvestmentsinemerging/developingmarketsorinconcentrationsofsinglecountries. SharesofETFsareboughtandsoldatmarketprice(notNAV)andarenotindividuallyredeemedfromthefund.Anyapplicablebrokeragecommissionswillreducereturns.BeginningAugust10,2020,marketpricereturnsforBlackRockandiSharesETFsarecalculatedusingtheclosingpriceandaccountfordistributionsfromthefund.PriortoAugust10,2020,marketpricereturnsforBlackRockandiSharesETFswerecalculatedusingthemidpointpriceandaccountedfordistributionsfromthefund.Themidpointistheaverageofthebid/askpricesat4:00PMET(whenNAVisnormallydeterminedformostETFs).Thereturnsshowndonotrepresentthereturnsyouwouldreceiveifyoutradedsharesatothertimes. Indexreturnsareforillustrativepurposesonly.Indexperformancereturnsdonotreflectanymanagementfees,transactioncostsorexpenses.Indexesareunmanagedandonecannotinvestdirectlyinanindex.Pastperformancedoesnotguaranteefutureresults. After-taxreturnsarecalculatedusingthehistoricalhighestindividualfederalmarginalincometaxratesanddonotreflecttheimpactofstateandlocaltaxes.Actualafter-taxreturnsdependontheinvestor'staxsituationandmaydifferfromthoseshown.Theafter-taxreturnsshownarenotrelevanttoinvestorswhoholdtheirfundsharesthroughtax-deferredarrangementssuchas401(k)plansorindividualretirementaccounts. CertainsectorsandmarketsperformexceptionallywellbasedoncurrentmarketconditionsandiSharesandBlackRockFundscanbenefitfromthatperformance.Achievingsuchexceptionalreturnsinvolvestheriskofvolatilityandinvestorsshouldnotexpectthatsuchresultswillberepeated. DistributionYieldand12mTrailingYieldresultsmayhaveperiodoverperiodvolatilityduetofactorsincludingtaxconsiderationssuchastreatmentofpassiveforeigninvestmentcompanies(PFICs),treatmentofdefaultedbondsorexcisetaxrequirements;exceptionalcorporateactions;seasonalityofdividendsfromunderlyingholdings;significantfluctuationsinfundsharesoutstanding;orfundcapitalgaindistributions. TheFundsaredistributedbyBlackRockInvestments,LLC(togetherwithitsaffiliates,“BlackRock”). AlthoughBlackRockshallobtaindatafromsourcesthatBlackRockconsidersreliable,alldatacontainedhereinisprovided“asis”andBlackRockmakesnorepresentationorwarrantyofanykind,eitherexpressorimplied,withrespecttosuchdata,thetimelinessthereof,theresultstobeobtainedbytheusethereoforanyothermatter.BlackRockexpresslydisclaimsanyandallimpliedwarranties,includingwithoutlimitation,warrantiesoforiginality,accuracy,completeness,timeliness,non-infringement,merchantabilityandfitnessforaparticularpurpose. TheiSharesFundsarenotsponsored,endorsed,issued,soldorpromotedbyBloomberg,BlackRockIndexServices,LLC,Cohen&Steers,EuropeanPublicRealEstateAssociation(“EPRA®”),FTSEInternationalLimited(“FTSE”),ICEDataIndices,LLC,NSEIndicesLtd,JPMorgan,JPXGroup,LondonStockExchangeGroup(“LSEG”),MSCIInc.,MarkitIndicesLimited,Morningstar,Inc.,Nasdaq,Inc.,NationalAssociationofRealEstateInvestmentTrusts(“NAREIT”),Nikkei,Inc.,RussellorS&PDowJonesIndicesLLC.NoneofthesecompaniesmakeanyrepresentationregardingtheadvisabilityofinvestingintheFunds.WiththeexceptionofBlackRockIndexServices,LLC,whoisanaffiliate,BlackRockInvestments,LLCisnotaffiliatedwiththecompanieslistedabove.NeitherFTSE,LSEG,norNAREITmakesanywarrantyregardingtheFTSENareitEquityREITSIndex,FTSENareitAllResidentialCappedIndexorFTSENareitAllMortgageCappedIndex.NeitherFTSE,EPRA,LSEG,norNAREITmakesanywarrantyregardingtheFTSEEPRANareitDevelopedex-U.S.IndexorFTSEEPRANareitGlobalREITsIndex.“FTSE®”isatrademarkofLondonStockExchangeGroupcompaniesandisusedbyFTSEunderlicense. ©2022BlackRock,Inc.BLACKROCK,BLACKROCKSOLUTIONS,BUILDONBLACKROCK,ALADDIN,iSHARES,iBONDS,FACTORSELECT,iTHINKING,iSHARESCONNECT,FUNDFRENZY,LIFEPATH,SOWHATDOIDOWITHMYMONEY,INVESTINGFORANEWWORLD,BUILTFORTHESETIMES,theiSharesCoreGraphic,CoRIandtheCoRIlogoaretrademarksofBlackRock,Inc.,oritssubsidiariesintheUnitedStatesandelsewhere.Allothermarksarethepropertyoftheirrespectiveowners. iCRMH0921U/S-1831351