iShares MSCI Taiwan ETF | EWT

The iShares MSCI Taiwan ETF seeks to track the investment results of an index composed of Taiwanese equities. Skiptocontent UnitedStates UnitedStates Locationnotlisted PrimaryNavigation Search OurFunds OurFunds FINDAFUND Viewallfunds Explorebygoals CompareETFs ASSETCLASS Equity FixedIncome Commodity RealEstate PRODUCTRANGE Core Factors FixedIncome Megatrends Sustainable FINANCIALPROFESSIONALS Findcorrelatedfunds ADVISORS:HELPMEETCLIENTS'NEEDSWITHiSHARESETFs InvestmentStrategies InvestmentStrategies OURSTRATEGIES GETSTARTED Exploresimplifiedinvesting InvestwithbondETFs Accessfactor-basedstrategies FindincomewithETFs GOFURTHER Investinthefuturewithmegatrends Diversifyinternationally AccesscommoditieswithETPs THINKSUSTAINABLE Learnaboutsustainableinvesting MatchyourinvestmentgoalstosustainableETFs ADVISORS:REDESIGNPORTFOLIOS MarketInsights MarketInsights OUTLOOK&INSIGHTS MARKETINSIGHTS Aseachangeinglobalinvesting Investorprogressreport iShares2022outlookandETFinvestmentguide What’srisenfasterthaninflation?Dividends ETFFLOWS Lastmonth'sETFflows ViewallETFflows ADVISORS:EXPLOREINSIGHTSBYBLACKROCK RUSSIA-UKRAINEUPDATE:ACTIONSWE’VETAKEN Education Education ETFs WhatisanETF? ETFsvs.MutualFunds HowtobuyETFs ETFecosystem INDEXINVESTING Whatisindexinvesting? Whatisbondindexing? Whatissmartbeta? Whatissustainableinvesting? ADVISORS:EARNCECREDITS Resources Resources TOOLS Buildadiversifiedportfolio Customizebondladders Viewalltools DOCUMENTS Financial&legal Viewalldocuments iSharestaxcenter Taxdocuments Capitalgainsdistributions INSTITUTIONALRESOURCES PartnerwithiShares ExplorefixedincomeETFs Accesstoolsforinstitutions Attendvirtualevents Requestaportfolioconsultation CapturefactorswithETFs ADVISORS:EXPLOREMORETOOLS CLOSE SEARCH Entertickerorkeywordtosearchsite CLEAR SEARCH ActionswearetakingtomanageyourinvestmentsintheRussia-Ukrainecrisis CLOSE 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. iSHARESMARKETINSIGHT SizingupChinainsidepopularETFs OwningChinesemarketsisnotaone-size-fits-allproposition.LearndifferentwaystonavigateChinainportfolios. READNOW KeyFacts KeyFacts NetAssetsofFund asofApr01,2022 $6,411,338,543 FundInception 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 OurFunds FINDAFUND Viewallfunds Explorebygoals CompareETFs ASSETCLASS Equity FixedIncome Commodity RealEstate PRODUCTRANGE Core Factors FixedIncome Megatrends Sustainable FINANCIALPROFESSIONALS Findcorrelatedfunds ADVISORS:HELPMEETCLIENTS'NEEDSWITHiSHARESETFs InvestmentStrategies EXPLORENOW OURSTRATEGIES GETSTARTED Exploresimplifiedinvesting InvestwithbondETFs Accessfactor-basedstrategies FindincomewithETFs GOFURTHER Investinthefuturewithmegatrends Diversifyinternationally AccesscommoditieswithETPs THINKSUSTAINABLE Learnaboutsustainableinvesting MatchyourinvestmentgoalstosustainableETFs ADVISORS:REDESIGNPORTFOLIOS MarketInsights EXPLORENOW OUTLOOK&INSIGHTS MARKETINSIGHTS Aseachangeinglobalinvesting Investorprogressreport iShares2022outlookandETFinvestmentguide What’srisenfasterthaninflation?Dividends ETFFLOWS Lastmonth'sETFflows ViewallETFflows ADVISORS:EXPLOREINSIGHTSBYBLACKROCK RUSSIA-UKRAINEUPDATE:ACTIONSWE’VETAKEN Education ETFs WhatisanETF? ETFsvs.MutualFunds HowtobuyETFs ETFecosystem INDEXINVESTING Whatisindexinvesting? Whatisbondindexing? Whatissmartbeta? Whatissustainableinvesting? ADVISORS:EARNCECREDITS Resources TOOLS Buildadiversifiedportfolio Customizebondladders Viewalltools DOCUMENTS Financial&legal Viewalldocuments iSharestaxcenter Taxdocuments Capitalgainsdistributions INSTITUTIONALRESOURCES PartnerwithiShares ExplorefixedincomeETFs Accesstoolsforinstitutions Attendvirtualevents Requestaportfolioconsultation CapturefactorswithETFs ADVISORS:EXPLOREMORETOOLS iSharesunlocksopportunityacrossmarketstomeettheevolvingneedsofinvestors.Withmorethantwentyyearsofexperienceandagloballine-upof900+ETFs,iSharescontinuestodriveprogressforthefinancialindustry.iSharesfundsarepoweredbytheexpertportfolioandriskmanagementofBlackRock. corporate AboutiShares ContactiShares ProductAnnouncements legal Terms&Conditions PrivacyPolicy BusinessContinuity FINRABrokerCheck ManageCookies ©2022BlackRock,Inc.Allrightsreserved. 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