This section includes investor type descriptions for professional clients and market counterparties.
Professional client
A Professional Client is either: (i) a ‘deemed’ professional client; (ii) serviced-based professional client; or (iii) an assessed professional Client
(i) Deemed Professional Client
A person is a “deemed” professional client if the person is:
(ii) Service-based Professional Clients
A person is a ‘serviced-based’ professional client if
(iii) Assessed-based Professional Clients
Assessed-based professional clients can be either (i) individuals; or (ii) undertakings
Individuals
An individual (and associated joint account holders) would be classified as an ‘assessed-based professional client’ if:
Where there is a joint account in place, the secondary account holder must obtain confirmation in writing that investment decisions relating to the joint account are made for or on behalf of the secondary account holder
Undertakings
Undertakings, which are generally not individuals, would be classified as ‘assessed-based’ professional clients if it:
Market counterparties
A Market Counterparty is any person who is either:
Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Compared to more established economies, the value of investments in Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. Investment risk is concentrated in specific sectors, countries or companies. This means that the Fund is more sensitive to any localised economic, market, political or regulatory events. Overseas investments will be affected by movements in currency exchange rates.
The Fund may invest in China A Shares trading on the Shanghai Stock Exchange and Shenzhen Stock Exchange via Stock Connect which is subject to a daily quota. Once the remaining balance of the relevant quota drops to zero or the daily quota is exceeded, buy orders will be rejected. Therefore, quota limitations may restrict the relevant Stock Connect Fund’s ability to invest in China A Shares through the Stock Connect on a timely basis. Additional risks applicable to using Stock Connect include, but are not limited to, legal/beneficial ownership risk, clearing and settlement risk, suspension risk, differences in trading days, restrictions on selling impose by front-end monitoring, operational risk, regulatory risk, recalling of eligible stocks risk, no protection by investor compensation fund, taxation risks, and settlement mode under the SPSA models. For a more detailed explanation of these risks, please review the prospectus.
The Fund may also invests in China A Shares via the Investment Manager’s “RQFII” investment quota. The Fund is subject to RQFII policy, when trading via the RQFII route, and rule changes which could adversely impact the Fund or the Investment Manager’s RQFII quota as well as the Fund’s ability to hold China A-Shares. The Fund is subject to restrictions and requirements applicable to RQFII investment, including the following risks: regulatory policies risk, license, quota and repatriation risk, PRC assets risk, RQFII custodian and PRC broker risk, foreign exchange risk and RQFII quota allocation conflict risk.

This chart shows the product's performance as the percentage loss or gain per year over the last 9 years.
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) USD | -17.9 | 27.8 | -26.1 | 35.4 | 42.6 | 2.8 | -26.2 | -13.8 | 11.3 | |
| Benchmark (%) USD | -17.8 | 25.6 | -28.5 | 36.2 | 43.2 | 3.2 | -25.9 | -13.5 | 11.7 |
| From 30-Sep-2020 To 30-Sep-2021 |
From 30-Sep-2021 To 30-Sep-2022 |
From 30-Sep-2022 To 30-Sep-2023 |
From 30-Sep-2023 To 30-Sep-2024 |
From 30-Sep-2024 To 30-Sep-2025 |
|
|---|---|---|---|---|---|
|
Total Return (%) USD
as of 30-Sep-2025 |
17.80 | -26.98 | -6.21 | 14.37 | 15.00 |
|
Benchmark (%) USD
as of 30-Sep-2025 |
18.26 | -26.71 | -5.90 | 14.86 | 15.39 |
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) USD | 20.28 | 5.88 | -0.98 | 3.07 | 0.69 |
| Benchmark (%) USD | 20.73 | 6.27 | -0.61 | 2.79 | 0.67 |
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) USD | 21.32 | -1.93 | 1.08 | 21.70 | 20.28 | 18.71 | -4.78 | 35.26 | 7.61 |
| Benchmark (%) USD | 21.74 | -1.90 | 1.17 | 21.95 | 20.73 | 20.00 | -3.02 | 31.70 | 7.39 |
The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past
Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.
The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock
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| Issuer Ticker | Name | Sector | Asset Class | Market Value | Weight (%) | Notional Value | Nominal | ISIN | Price | Location | Exchange | Market Currency |
|---|
| Exchange | Ticker | Currency | Listing Date | SEDOL | Bloomberg Ticker | RIC |
|---|---|---|---|---|---|---|
| London Stock Exchange | CNYA | USD | 13-Apr-2015 | BQT3WF0 | CNYA.LN | CNYA.L |
| Euronext Amsterdam | CNYA | EUR | 03-Sep-2021 | BP2P7B7 | - | CNYA.AS |
| Deutsche Boerse Xetra | 36BZ | EUR | 14-Apr-2015 | BWNH4F4 | 36BZ GY | 36BZ.DE |
| London Stock Exchange | IASH | GBP | 13-Apr-2015 | BQT3WG1 | IASH.LN | IASH.L |
| Bolsa Mexicana De Valores | CNYA | MXN | 08-Dec-2017 | BYVJ1W2 | CNYAN MM | CNYAN.MX |
| Santiago Stock Exchange | CNYA | CLP | 13-Jan-2023 | BK81394 | CNYA CL | - |
| SIX Swiss Exchange | CNYA | USD | 26-Jun-2015 | BY9CV90 | CNYA SW | CNYA.S |
| Tel Aviv Stock Exchange | 1159110 | ILS | 03-Sep-2019 | BK8Y984 | iSFF401 IT | iSFF401.TA |