BlackRock iShares S&P 500 Energy Sector UCITS ETF

The Fund is a Fund of a 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 S&P 500 Capped 35/20 Energy Index, the Fund’s benchmark index (“Index”). The Fund, via the Fund is passively managed and invests in equity securities (e.g. shares) that, so far as possible and practicable, make up the Index. The Index measures the performance of stocks from S&P 500 Index which are within the Global Industry Classification Standard (“GICS”) energy sector. S&P 500 measures the performance of 500 stocks from top US companies in leading industries of the US economy which meet S&P’s size, liquidity and free-float criteria. The GICS energy sector comprises companies which businesses are dominated by any of the following activities: The construction or provision of oil rigs, drilling equipment and other energy related service and equipment, companies engaged in the exploration, production, marketing, refining and/or transportation of oil and gas products. The Index may not include and/or may not be limited to every category comprising the sector listed here. Companies are included in the Index on a free float adjusted market capitalisation weighted basis. Free float-adjusted means that only shares available to international investors, rather than all of a company’s issued shares, are used to calculate the Index. Free float market capitalisation is the share price of a company multiplied by the number of shares available to international investors. The Index rebalances on a quarterly basis. The Index constituents are capped in accordance with the index provider’s methodology to help ensure Index diversification. The Fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar proportions to it. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. The investment manager may use financial derivative instruments (“FDIs”) (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective. FDIs may be used for direct investment purposes. 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 V 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 US Dollar, the Fund's base currency.