iShares € AAA CLO Active UCITS ETF EUR Acc

The Fund is intended for professional investors only. The Fund is actively managed and aims to provide a total return, comprising income and capital, by investing in a portfolio predominantly of Euro-denominated AAArated collateralized loan obligations (CLOs). The Fund will invest a minimum of 80% in AAA-rated CLOs and may invest up to 20% in tranches of CLOs rated at least A-. The Fund will also invest in accordance with its ESG Policy as outlined in the Fund’s prospectus. The investment manager (IM) may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) such as futures, forward contracts and swap contracts (including total return swaps) for direct investment purposes or for efficient portfolio management purposes. The Fund is actively managed and the IM has discretion to select the Fund’s investments without reference to a benchmark. Investors may use the J.P. Morgan Euro CLOIE AAA Index to compare the performance of the Fund. 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. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index. 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. The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be affected by this currency difference. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange (s) on which the shares are traded. Indicative net asset value is published on relevant stock exchanges websites. For more information on the Fund, Share Class, risks and charges, please see the Fund's prospectus, available on the product pages at www.blackrock.com