BlackRock iShares Developed Real Estate Index Fund

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 FTSE EPRA/NAREIT Developed Index, the Fund’s benchmark index. The Fund is passively managed and invests so far as possible and practicable in equity securities (e.g. shares) of real estate companies on a global basis and in real estate investment trusts which make up the Fund’s benchmark index. The benchmark index measures the performance of the equity market of the developed markets globally and is a free float-adjusted market capitalisation weighted index. Free float-adjusted means that only shares readily available in the market rather than all of a company’s issued shares are used in calculating the benchmark index. Free float-adjusted market capitalisation is the share price of a company multiplied by the number of shares readily available in the market. The Fund intends to replicate the benchmark index by holding the equity securities, which make up the benchmark index, in similar proportions to it. The investment manager may also use financial derivative instruments (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties. This is used as a means of generating additional income and to off-set the costs of the Fund. The price of equity securities fluctuates daily and may be influenced by factors affecting the performance of the individual companies issuing the equities, as well as by daily stock market movements, and broader economic and political developments which in turn may affect the value of your investment. The return on your investment in the Fund is directly related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). 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 J.P. Morgan SE – Dublin Branch. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the BlackRock Index Selection Fund. 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 BlackRock website at: www.blackrock.com or the iShares website at: www.ishares.com or by calling the International Investor Servicing team on +353 1612 3394. Your units will be distributing units (i.e. dividend income will be paid quarterly). Your units will be denominated in US Dollar, the Fund's base currency. You can buy and sell your units daily. The minimum initial investment for this unit class is US$1,000,000.