iShares MSCI World Utilities Sector Advanced UCITS ETF USD (Acc)

The Share Class is a share class of a 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 the MSCI World Utilities Advanced Select 20 35 Capped 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 equity securities within the MSCI World Utilities Index (“Parent Index”) which excludes issuers from the Parent Index based on the index provider’s environmental, social and governance (“ESG”) exclusionary criteria. Issuers may be excluded if they are involved in controversial, nuclear and conventional weapons, civilian firearms, tobacco, thermal coal, oil sands and companies that are classified as violating the United Nations Global Compact principles. The Index also excludes companies which are identified by the index provider as being involved in controversies that have a negative ESG impact on their operations and/or products and services based on an MSCI ESG controversy score The remaining companies are weighted using an optimisation process which aims to reduce the weighted average carbon emissions intensity as well as potential emissions risk of fossil fuels reserves, increase the weighted average industry-adjusted ESG score and minimise the tracking error, each relative to the Parent Index. The Index also seeks to include companies contributing positively to the environment or society, or those with carbon emissions reduction target(s) approved by the Science Based Targets initiative (“SBTi”). The Parent Index measures the performance of large and mid-capitalisation stocks across developed market countries which comply with MSCI's size, liquidity and free -float criteria that are within the Global Industry Classification Standard (GICS) utilities sector. The Fund may obtain limited exposure to securities which do not satisfy the ESG criteria. The Index rebalances on a quarterly basis. The Fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar proportions to it. 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 objectives. FDIs may be used for direct investment purposes. 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 compared to the Parent Index. 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 US Dollar, 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