BlackRock iShares MSCI Europe CTB Enhanced ESG UCITS ETF

The Share Class is a share class of the 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 MSCI Europe ESG Enhanced CTB Index, the Fund’s benchmark index ("Index"). The Share Class, via the Fund, is passively managed, and aims to invest so far as possible and practicable in equity securities (e.g. shares) that make up the Index. The Index measures the performance of a sub-set of European equity securities which are part of the MSCI Europe Index (the “Parent Index”) which excludes companies from the Parent Index based on the index provider’s environmental, social and governance (“ESG”) exclusionary criteria. The remaining companies are then weighted by the index provider, for inclusion in the Index using an optimisation process which aims to meet the decarbonisation targets and other minimum standards for an EU Climate Transition Benchmark (as further described in the Fund’s prospectus), whilst targeting a similar risk and return profile, and maintaining a better ESG score, each in relation to the Parent Index. Companies are excluded from the Parent Index if they are involved with controversial, conventional and nuclear weapons, civilian firearms, thermal coal, tobacco, or unconventional oil and gas. Companies that are classified as violating the United Nations Global Compact principles, have a ‘Red’ MSCI ESG Controversies score, or have not been assessed by the index provider for an ESG controversies score or an ESG rating, are also excluded from the Index. The Fund may obtain limited exposure to securities considered not to satisfy these ESG criteria. The Fund adopts a binding and significant ESG optimisation approach to sustainable investing. This means that the Fund will integrate ESG information into its investment process to optimise exposure to issuers to achieve a higher ESG rating and reduce exposure to carbon emissions compared to the Parent Index while meeting optimisation constraints. 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). FDIs may be used for direct investment purposes. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to offset 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 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 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 +44-207-743-2030 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 Euro, the Fund's base currency.