iShares MSCI EAFE ETF

NAV as of 13-Dec-2019 AUD 101.30
1 Day NAV Change as of 13-Dec-2019 1.08 (1.07%)

Fees as stated in the PDS Management Fee: 0.31%

Overview

Why IVE?

1. Exposure to a broad range of companies in Europe, Australia, Asia, and the Far East

2. Convenient access to 900+ EAFE stocks in a single fund

3. Use to diversify internationally and seek long-term growth opportunities in your portfolio

INVESTMENT OBJECTIVE

The fund aims to provide investors with the performance of the MSCI EAFE Index, before fees and expenses. The index is designed to measure the performance of stocks from Europe, Australasia and the Far East and may include large- or mid-capitalisation companies.

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Last Trade Price: Last price as traded on the ASX (max. 20 minute delayed pricing).

Performance

Returns

Average Annual
Cumulative
Calendar Year

as of

	1y	3y	5y	10y	Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	20.42	12.65	9.05	8.40	3.67
Benchmark (%) Index: MSCI EAFE Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.	21.39	12.90	9.22	8.55	3.76

Missing average annual returns data

as of

	YTD	1m	3m	6m	1y	3y	5y	10y	Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	22.82	3.00	7.44	12.09	20.42	42.96	54.22	124.00	93.46
Benchmark (%) Index: MSCI EAFE Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.	23.00	3.00	7.34	12.46	21.39	43.90	55.44	127.16	96.40

Missing cumulative returns data

	2014	2015	2016	2017	2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	3.81	11.46	1.43	15.66	-4.60
Benchmark (%) Index: MSCI EAFE Index	3.96	11.56	1.48	15.75	-4.22

Calendar Year Returns will become available once the fund has been listed for an entire calendar year.

Incept.: The date on which the first iShares ETF unit/share creation was processed.

The performance quoted represents past performance and does not guarantee future results.

Effective 19 October 2018, the Fund was restructured from a U.S. domiciled ETF to an Australian domiciled ETF. Performance figures shown prior to this date are based on the NAV of the U.S. domiciled iShares ETF converted from USD to AUD. Performance figures shown after this date are based on the NAV of the Australian domiciled iShares ETF in AUD. The restructure did not impact underlying exposures.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.

Growth of Hypothetical 10,000

iShares MSCI EAFE ETF (AUD)

The chart reflects the performance of a hypothetical investment in the fund of $AUD10,000 over a specified period in time (M/YY). The performance of the hypothetical investment is based on the actual past performance of the fund over the specified period.

Distributions

Record Date	Ex-Date	Payment Date

Distribution Calendar

Record Date	Ex-Date	Payment Date	CPU	Fund Payment Amount (Cents-Per-Unit, AUD)

Fund distributions
Following investor approval, BlackRock changed the way investors held their investment in the fund. Previously, investors held CHESS depositary interests in a U.S.-domiciled fund. Now, investors hold units in an Australian-domiciled fund. Distributions prior to the start date of the Australian domiciled iShares ETF were announced in USD and converted to AUD. For full details around the original announcements, including USD amounts and associated FX Rates used, please see the document titled “iShares ETFs, Cross Listed Distributions Announcements” in our ETF Documents page. Distribution figures represent past distributions declared and paid by the above iShares ETF. There is no guarantee that distributions will be declared in the future, or that if declared, the amount of any distribution will remain constant or increase over time. Such declarations by BlackRock Australia are lodged with and announced by ASX. Only investors holding Units in respect of an iShares ETF as of the record date are entitled to any distributions.

A Distribution Reinvestment Plan (DRP) is available to eligible investors at any distribution period, as long as applications to participate in the DRP are received by the nominated closing time. If no election into the DRP is made, distributions will be automatically paid in cash. Investors will typically be paid the cash distribution approximately 10 business days after the record date, as stated in the relevant declaration. Computershare Investor Services, as Registrar for the fund, will send investors a payment advice with details of the payment.

The annual tax statement for the above fund will be sent to investors as soon as practically possible following the fund financial year end on 30 June. Please refer to the Tax Booklet for Australian Funds for more tax related information on iShares ETF distributions and for information to assist you in completing your Australian tax return.

Fund Payment Amount (Cents per Unit): The concept of “fund payment” is relevant for non-resident Australian investors (Foreign Investors) holding a widely held trust such as the iShares ETF. It refers to the distribution of Australian sourced income and capital gains (excluding dividends, interest and royalties) that for a Foreign Investor is subject to withholding tax. The withholding tax rate is 15% if the investor’s country of tax residence has an Exchange of Information Agreement with Australia (otherwise the rate of withholding tax is 30%).

Tax Summary

Key Facts

Net Assets The base currency of the fund is U.S. dollars, however, the Net Assets figure has been converted to Australian dollars for illustrative purposes only, using the previous day’s London 4 p.m. exchange rate, as provided by Reuters. as of 13-Dec-2019 AUD 385,561,144.22

Closing Price Closing price as traded on ASX as of 16-Dec-2019 101.47

Shares Outstanding as of 13-Dec-2019 3,806,194

Base Currency Australian Dollar

Inception Date The date on which the first iShares ETF unit/share creation was processed. 14-Aug-2001

Listing Date 10-Oct-2007

Exchange ASX - All Markets

Asset Class Equity

Domicile Australia

Benchmark Index MSCI EAFE Index

Bloomberg Total Return Index Ticker NDDUEAFE

Distribution Frequency How often a distribution is paid by the fund. The most common distribution frequencies are annually, biannually, and quarterly Semi-Annual

Benchmark Rebalance Frequency Quarterly

Exchange Ticker IVE

ISIN AU000000IVE4

SEDOL B28CZ95

Bloomberg Ticker IVE

Bloomberg NAV IVENAV

Bloomberg Shares IVESHO

IRESS Ticker IVE.AXW

Number of Holdings as of 13-Dec-2019 1

Effective 19 October 2018, the Fund was restructured from a U.S. domiciled ETF to an Australian domiciled ETF. The above Inception and Listing Dates refer to those of the U.S. domiciled ETF. The restructure did not impact underlying exposures.

Portfolio Characteristics

P/E Ratio The price-to-earnings (P/E) ratio is a fundamental measure used to determine if an investment is valued appropriately. Each holding's P/E is the latest closing price divided by the latest fiscal year's earnings per share. Negative P/E ratios are excluded from this calculation. as of 13-Dec-2019 15.86

P/B Ratio The price-to-book value (P/B) ratio is a fundamental measure used to determine if an investment is valued appropriately. The book value of a company is a measure of how much a company's assets are worth assuming the company's debts are paid off. Each holding's P/B is the latest closing price divided by the latest fiscal year's book value per share. Negative book values are excluded from this calculation. as of 13-Dec-2019 1.68

12m Trailing Yield This is the yield an investor would have received if they had held the fund over the last 12 months, assuming the most recent NAV. It is calculated in AUD by summing all income distributions with ex-dates within the past 12 months and then dividing by the most recent NAV. as of 12-Dec-2019 2.47%

Ticker	Name	Sector	Location	Currency	Market Value	Weight (%)

Ticker	Name	Asset Class	Weight (%)	Price	Shares	Market Value	Notional Value	Sector	SEDOL	ISIN	CUSIP	Exchange	Location	Currency	Market Currency

Ticker	Name	Asset Class	Weight (%)	Sector	Location	Market Value	Shares	Price	ISIN	CUSIP	SEDOL	Exchange	Market Currency	Currency	Notional Value

Download Holdings

Cash: May include cash, dividends and receivables/payables for unsettled trades.

Notional Value: The market value of the securities held by the ETF at the given date. The notional value of a futures contract is the face value of the futures contract as at the given date.

All security prices are shown in the fund base currency.

Total allocation percentages may not equal 100% due to rounding or omissions of holdings of less than 1%. Information on certain fund holdings of less than 1% may not be widely available and may not be included in the table of holdings shown.

Holdings are subject to change.

Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided “as is” and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.

Exposure Breakdowns

Geography
Sector

as of 13-Dec-2019

% of Weight

Type	Fund

Show All Show Fewer

as of 13-Dec-2019

% of Weight

Type	Fund

Show All Show Fewer

Allocations are subject to change.

Total allocation percentages may not equal 100% due to rounding or omission of holdings of less than 1%.

Literature

Trading iShares

iShares ETFs can be bought and sold via the Australian Securities Exchange (ASX) just like individual shares.

How to buy How to buy

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Important Information

MORNINGSTAR RATING - ADDITIONAL INFORMATION
©2019 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or 'class service' have been prepared by Morningstar Australiasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situations or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publication, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product's future performance. To obtain advice tailored to your situation, contact a professional financial adviser.

PERFORMANCE DATA

Performance figures represent past performance. Past performance is not indicative of future performance and current performance may be higher or lower than the performance shown. Net performance figures are calculated after fund management fees and expenses, and assume reinvestment of distributions. Gross performance figures are calculated gross of ongoing fees and expenses. Unless otherwise stated, performance for periods greater than one year is annualised and performance calculated to the last business day of the month. Unless otherwise stated, iShares ETF net performance is calculated on a NAV price basis, while net performance for all other funds is calculated on an exit-to-exit price basis.

IMPORTANT INFORMATION

Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL).

This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should therefore assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances.

This material is not a securities recommendation or an offer or solicitation with respect to the purchase or sale of any securities in any jurisdiction.

BIMAL is the responsible entity and issuer of units in the Australian domiciled managed investment schemes referred to in this material, including the Australian domiciled iShares ETFs.

An iShares ETF is not sponsored, endorsed, issued, sold or promoted by the provider of the index which a particular iShares ETF seeks to track. No index provider makes any representation regarding the advisability of investing in the iShares ETFs. Further information on the index providers can be found in the BIMAL website terms and conditions.

Any potential investor should consider the latest product disclosure statement, prospectus or other offer document (Offer Documents) before deciding whether to acquire, or continue to hold, an investment in any BlackRock fund. Offer Documents can be obtained by contacting the BIMAL Client Services Centre on 1300 366 100. In some instances Offer Documents are also available on this website.

BIMAL, its officers, employees and agents believe that the information in this material and the sources on which the information is based (which may be sourced from third parties) are correct as at the date of publication. While every care has been taken in the preparation of this material, no warranty of accuracy or reliability is given and no responsibility for this information is accepted by BIMAL, its officers, employees or agents. Except where contrary to law, BIMAL excludes all liability for this information.

Any investment is subject to investment risk, including delays on the payment of withdrawal proceeds and the loss of income or the principal invested. While any forecasts, estimates and opinions in this material are made on a reasonable basis, actual future results and operations may differ materially from the forecasts, estimates and opinions set out in this material. No guarantee as to the repayment of capital or the performance of any product or rate of return referred to in this material is made by BIMAL or any entity in the BlackRock group of companies.

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