Terms & Conditions

These terms and conditions govern your use of this website (www.ishares.com). By accessing this website, you agree that you have read and accept these terms and conditions. If you do not wish to be bound by these terms and conditions, please leave this website.

Access to information displayed on this website may be restricted to certain persons in certain countries. Various iShares products shown on this website have been registered or authorised in different countries and as such are authorised for public offering (to retail and professional clients as defined under the Markets in Financial Instruments Directive (as amended) (“MiFID”) and to qualified investors as defined under the Prospectus Directive (as amended)) in such countries. In countries where one or more iShares products are not registered or authorised for public offering, retail investors may not access information on such iShares products but certain information may be shown to certain types of professional clients and qualified investors, depending on the country concerned. BlackRock Advisors (UK) Limited (“BAUL”) does not intend information concerning iShares products to be shown to any persons and/or entities who are prohibited from seeing such information by their country of residence, domicile and/or incorporation (as applicable). Users of this website must ensure that they are legally permitted to log on to this website in the country where they do so. Users are also responsible for ensuring that their declarations regarding their countries of residence, domicile and/or incorporation when accessing this website are accurate.

This website is owned and operated by BAUL. The content is provided and managed by BAUL and other companies within its group that are direct and indirect subsidiaries of BlackRock, Inc., (which include the investment manager, trustee and/or adviser of the iShares products (as the case may be) described below in the section titled “iShares Products”, (together “BlackRock”).

EU Users - BlackRock complies with the Electronic Commerce Directive (as amended).

  • Terms and conditions for individual investors

    For Investors in Switzerland

    Please read this page, as it explains certain restrictions imposed by law on the distribution of this information.

    The information contained in the following pages is only available to a non-qualified investor as well as “qualified investor” pursuant to Art. 10 CISA resident in Switzerland or a Swiss self-regulated independent financial advisor, which meets the requirements pursuant to Art. 3 para 2 lit. c CISA (“IFA”) resident in Switzerland.

    The information on the following pages are limited to those foreign collective investment schemes managed by entities of the BlackRock Group (“Fund/s") which have been approved by the Swiss Financial Market Supervisory Authority (FINMA) for distribution in or from Switzerland to non-qualified investors in accordance with Article 119 et seq of the Federal Act on Collective Investment Schemes of 23 June 2006 ("CISA") (“foreign authorized funds”) and the Swiss iShares-Funds.

    By clicking on the button "I agree" you certify that you are a non-qualified investor, a qualified investor or IFA domiciled in Switzerland and that you have read, understood and accepted the legal terms and conditions following below.

    Qualified investors pursuant to Article 10 para 3 lit. c and d CISA are essentially:

    1. public entities and retirement benefits institutions with professional treasury facilities;
    2. companies with professional treasury facilities.

    The Representative of the foreign authorized funds in Switzerland within the meaning of Article 120 and 123 et seq CISA is BlackRock Asset Management Switzerland Limited, Bahnhofstrasse 39, CH -8001 Zurich. The Paying Agent of the foreign authorized funds in Switzerland within the meaning of Article 121 CISA is JPMorgan Chase Bank, National Association, Columbus, Zurich Branch, Dreikoenigstrasse 21, CH-8002 Zurich. The prospectus, the key investor information document (KIID), the Articles or the terms / the fund contract and, if applicable, the annual as well as the semi-annual reports of the foreign authorized funds are available free of charge from the representative in Switzerland.

    The Management Company of the Swiss iShares-Fonds is BlackRock Asset Management Switzerland Limited, Bahnhofstrasse 39, CH-8001 Zurich. The prospectus including the integrated fund contract, the key investor information document (KIID), and, if applicable, the annual as well as the semi-annual reports of the Swiss iShares-Fonds are available free of charge from the Management Company in Switzerland.

    Place of fulfillment and jurisdiction for Units distributed in Switzerland of foreign authorized funds is the registered office of the representative in Switzerland. Jurisdiction for the Swiss iShares-Fonds is the registered office of the Management Company.

    It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. The following pages do not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such an offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such an offer or solicitation.

    Applications to invest in any fund referred to on this site must only be made on the basis of the offer document relating to the specific investment (e.g. Prospectus, Simplified Prospectus or Key Investor Information Document, when implemented or other applicable terms and conditions).

    As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the relevant Prospectus, Simplified Prospectus or Key Investor Information Document, when implemented or other constitutional document.

    The information contained on this site is subject to copyright with all rights reserved. It must not be reproduced, copied or redistributed in whole or in part.

    The information contained on this site is published in good faith but no representation or warranty, expressed or implied, is made by BlackRock Investment Management Switzerland Limited or by any person as to its accuracy or completeness and it should not be relied on as such. No information on this site constitutes investment, tax, legal or any other advice.

    BlackRock Investment Management Switzerland Limited shall have no liability for any loss or damage arising out of the use or reliance on the information provided including without limitation, any loss of profit or any other damage, direct or consequential.

    Past performance is no guarantee of future performance.

    The value of investments and the income from them may go down as well as up and are not guaranteed.
    You may not get back the amount you invested.

    Rates of exchange may cause the value of the investments to go up or down.

    Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially.

    For your protection, telephone calls are usually recorded. BlackRock Investment Management Switzerland Limited shall have no liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to, any direct, indirect or consequential damage, arising out of the use of the services provided herein.

    If you are in doubt about the meaning of any information provided please consult your financial or other professional adviser.

    BlackRock Asset Management Switzerland Limited, Zurich is responsible for the content of this website in Switzerland.

    Regulatory Status

    This website has been issued for access in Switzerland by BAUL, which is authorised and regulated by the Financial Conduct Authority in the UK, registered address 25 The North Colonnade, Canary Wharf, London E14 5HS, UK. BAUL is a company registered in England and Wales under company number 00796793, registered address 12 Throgmorton Avenue, London EC2N 2DL, United Kingdom, and registered in the UK with HM Revenue and Customs for the payment of VAT, number 243852262.

    Communicating with BAUL

    Information about BAUL and iShares Products can be found on this website.  Additionally you may contact BAUL by phone, post or email (info@ishares.co.uk) for further information about the iShares Products.  BAUL will communicate with you in English and all the documents and information about BAUL and the iShares Products which are registered and listed in Switzerland are available in English, German and French language.

    Registrations and Listings

    This website indicates in which countries the iShares products are registered or authorised for public distribution and on which principal European stock exchanges the iShares products domiciled in Europe are also listed.

    Selling Restrictions

    The iShares products are not offered or aimed at residents in any country in which (a) the iShares products are not authorised or registered for distribution and where to do so is contrary to the relevant country's securities laws, (b) the dissemination of information on the iShares products via the Internet is forbidden, and/or BAUL is not authorised or qualified to make such offer or invitation. This website and the information provided on this website should not be construed as an advertisement, an offer to sell, or a solicitation of an offer to buy any securities in the iShares products mentioned in this website, nor shall any such securities be offered or sold, in any country in which to do so is contrary to that country's securities laws.

    Specifically, the securities of the iShares products domiciled in Ireland, Germany Switzerland and Luxembourg have not been, and will not be registered under the Securities Act of 1933 of the USA (the “1933 Act”) or the securities laws of any of the states of the United States. Such securities may not be offered or sold directly or indirectly in the United States or for the account or benefit of any US Person, except pursuant to an exemption from, or in a transaction not subject to the regulatory requirement of the 1933 Act and any applicable state securities laws. Any re-offer or resale of any of the securities in the United States or to US Persons may constitute a violation of US law. “US Person” means any person or entity deemed by the US Securities Exchange Commission from time to time to be a “U.S. Person” under Rule 902(k) of the 1933 Act or other person or entity as the directors of the iShares Products (or their umbrella companies or managers) may determine. Securities of the iShares products domiciled in Ireland, Germany Switzerland and Luxembourg may not, except pursuant to a relevant exemption, be acquired or owned by, or acquired with the assets of an ERISA Plan. An “ERISA Plan” is defined as (i) any retirement plan subject to Title I of the United States Employee Retirement Income Security Act of 1974, as amended (ERISA); or, (ii) any individual retirement account or plan subject to Section 4975 of the United States Internal Revenue code of 1986, as amended.

    Additionally, securities of the iShares products domiciled in Ireland, Germany, Switzerland and Luxembourg may not, except pursuant to an exemption from, or in a transaction not subject to the regulatory requirements of, the Investment Company Act of 1940 of the USA, as amended (the "1940 Act"), or the US Commodity Exchange Act, as amended (the "CEA"), as the case may be, be acquired by a person who is deemed to be a US Person under the 1940 Act and regulations thereunder or a person who is deemed to be a US Person under the CEA and regulations thereunder.

    The iShares products domiciled in Ireland, Germany Switzerland and Luxembourg have not been, nor will they be, qualified for distribution to the public in Canada as no prospectus for any iShares product domiciled in Ireland, Germany, Switzerland or Luxembourg has been filed with any securities commission or regulatory authority in Canada or any province or territory thereof. This website is not, and under no circumstances is to be construed, as an advertisement or any other step in furtherance of a public offering of securities in Canada. No person resident in Canada for the purposes of Canadian income tax legislation may purchase or accept a transfer of securities of any iShares product domiciled in Ireland, Germany, Switzerland or Luxembourg unless he or she is eligible to do so under applicable Canadian or provincial laws.

    Users of this website are required to notify BAUL immediately by email if any information which a user is able to access on this website would cause the user, BlackRock or any iShares product to be in breach of applicable laws or regulations. In such event, the user shall (a) stop accessing this website, (b) destroy immediately any such information (and all copies) which has been downloaded or printed by the user from this website, (c) disregard such information, and (d) treat such information as confidential and not disseminate it.

    Risk Warnings

    Investment Risks

    iShares products may not be suitable for all investors and BlackRock does not guarantee the performance of the iShares products. Past performance is not a reliable indicator of future results. The value and price of securities (which may trade in limited markets) of the iShares products and the income from them may fall as well as rise and an investor may not recover the full amount invested. An investor’s income from iShares products is not necessarily fixed and may fluctuate. Where an investor invests in an iShares product denominated in a currency other than that of the country in which the investor is resident, the return to the investor may increase or decrease as a result of currency fluctuations.

    Exchange rate movements can affect the value of investments involving exposure to foreign currencies.

    Any projections or examples (including calculations used therein) set out in this website are for illustrative purposes only and are not guaranteed to be accurate, complete or up to date.

    Tax levels, the tax status of the iShares products, the taxation of investors and any tax reliefs may change from time to time. Any change in the taxation legislation in any jurisdiction where an iShares product is registered, cross-listed, marketed or invested could affect the tax status of the iShares product, affect the value of the relevant iShares product’s investments in the affected jurisdiction, affect the relevant iShares product’s ability to achieve its investment objective, and/or alter the post tax returns to investors. The availability and value of any tax reliefs available to investors depend on the individual circumstances of investors. Any tax-related information in this website is not exhaustive and does not constitute legal or tax advice. Prospective investors are urged to consult their tax advisors with respect to their particular tax situations and the tax effects of an investment in the iShares products.

    Important information about iShares products is contained in the relevant prospectuses of the iShares products, copies of which can be obtained on this website or from your broker or financial adviser.  Please refer to the iShares products’ prospectuses for a full description of the risks of investing in the products.

    Securities of iShares products may be purchased or sold throughout the day on one or more stock exchanges (secondary market) through an authorised intermediary. Securities of iShares products may only be subscribed or redeemed directly with the relevant iShares product (primary market) by authorised participants in very large creation / redemption sizes.

    When making an investment in an iShares product, you are buying securities issued by a company that will be listed on one or more stock exchanges. The price of the securities will be determined by supply and demand. Such price will not necessarily be the same as the value per security of that iShares product’s assets. At any time the security price may be at a discount or premium to the asset value. However, because of the exchange traded structure, it is expected that a significant discount or premium of price to asset value will not be sustainable over the long term.

    Affiliated companies of BAUL may make markets in the securities of the iShares products.  Further, BlackRock, its employees and other funds managed by BlackRock may from time to time acquire or hold securities or holdings in the underlying securities of, or options on, any security of the iShares products and may as principal or agent buy or sell securities.

    In respect of the iShares Products mentioned herein, they are intended for information purposes only and do not constitute investment advice or a personal recommendation or an offer to sell or a solicitation of an offer to buy these iShares products.

    Exchange Traded Funds (ETFs)

    The capital return and income of each iShares fund are based on the capital appreciation and income on the securities it holds, less expenses incurred. Therefore, each iShares fund’s return may be expected to fluctuate in response to changes in such capital appreciation or income.  Additionally, the securities in an equity benchmark index may under-perform fixed income investments and stock market investments that track other markets, segments or sectors different to that of an iShares fund.  As foreign exchanges can be open on days when shares in an iShares fund are not priced, the value of the securities in an iShares fund’s portfolio may change on days when shareholders will not be able to purchase or sell an iShares fund’s shares.

    Certain iShares funds may use derivatives, details of which will be set out in the relevant prospectuses. The use of derivatives involves special risks and the iShares funds may be exposed to credit risk with regard to parties with whom it trades.

    An investment in an iShares fund often involves investing in international markets. In addition to the normal risks associated with investing, international investments involve the risk of losing all or part of any capital from unfavourable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. The value of investments in iShares funds investing in economies and markets which may be less developed than more established economies (including emerging markets), may be subject to greater volatility due to increased uncertainty as to how these markets operate and the possibility of lower trading volumes.

    Investment Advice

    The content of this website is general in nature and is meant to inform investors, potential investors and their professional intermediaries of the existence of, and potential benefits of investing in, iShares products. However, this website is not intended to provide specific investment advice including, without limitation, investment, financial, legal, accounting or tax advice, or to make any recommendations (personal recommendations or otherwise) about the suitability of iShares products for the circumstances of any particular investor. If you do require investment advice, please contact an independent broker or financial adviser. You should take appropriate advice as to any securities, taxation or other legislation affecting you personally prior to investing.

    Intellectual Property Rights

    iShares® and BlackRock® are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere.

    BLACKROCK, BLACKROCK SOLUTIONS, ALADDIN, iSHARES, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, and BUILT FOR THESE TIMES are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.

    Copyright, trademark and other forms of proprietary rights protect the content of this website. All content is owned or controlled by BAUL or the party credited as the provider of the content. Except as expressly provided herein, nothing in this website should be considered as granting any licence or right under any copyright, patent or trademark or other intellectual property rights of BlackRock or any third party. Any copying of information or data, especially the use of texts and graphics requires the prior approval of BAUL or the party credited as the provider of the content.

    SEDOL™ codes displayed on this website (a) remain the intellectual property of the London Stock Exchange plc and are published by BAUL under licence and (b) may not be redistributed by any persons accessing this website, unless such persons have obtained the prior written consent of the London Stock Exchange plc. SEDOL™ and SEDOL Masterfile™ are trademarks of the London Stock Exchange plc and are used under licence.

    Content and Use of this Website

    This website is for your personal and internal use and is not to be used for any commercial purposes (whether or not for profit) unless and to the extent you are a financial adviser seeking information about iShares products for your clients.

    As a user, you may not sell, copy, publish, distribute, transfer, modify, display, reproduce, and/or create any derivative works from the information or software on this website. You may not redeliver any of the pages, text, images, or content of this website using "framing" or similar technology. You acknowledge that you have no right to use the content of this website in any other manner.

    The contents of this website, including text, graphics, links and/or other items, have been prepared based upon sources, materials, and systems believed to be reliable and accurate, and are provided to you on an "as is" and "as available" basis.

    BlackRock makes no representations, and disclaims all, express, implied and statutory warranties of any kind to you or any third party, including, but not limited to, representations, and warranties regarding accuracy, timeliness, completeness, merchantability, fitness for any particular purpose, non-infringement of third-party rights, and/or freedom from computer viruses.

    Links to other websites are provided for your convenience, and are not to be construed as an endorsement by BlackRock of such websites, their content, products and/or services, or vice versa. BlackRock accepts no responsibility for any of the content (regardless of what form this content is in) and the use of such third party websites is at your own risk. BlackRock does not guarantee that any of the links are operational, and does not assume any responsibility for the consequences of any errors or omissions as a result of using these links.

    Internet software or transmission problems may produce inaccurate or incomplete copies of information and materials that may be downloaded and displayed on a user computer. BlackRock is not liable for any errors, changes, or omissions that occur during transmission or downloading of information and materials.

    Although BlackRock endeavours to update and ensure the accuracy of the content placed on this website, BlackRock does not warrant or guarantee the accuracy or correctness of it or of any other content, materials and/or offers placed on, featured or referred to in or made available by means of this website. Despite the exercise of all due care, some information on this website may have changed since the last update.  BlackRock also does not warrant or guarantee that this website, its operation of this website, the content of this website or the server that makes the website available are error or virus free or free of other harmful components or that your use of this website and its content will be uninterrupted.

    Exclusion of Liability

    In no event shall BlackRock be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with this website or the use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if BlackRock, or representatives thereof, are advised of the possibility of such damages, losses or expenses. BlackRock does not limit or exclude liability for death or personal injury resulting from its negligence or where this would be prohibited by law (including the Rules of the UK Financial Conduct Authority). Use of hyperlinks to other internet resources is at your own risk.

    If you are dissatisfied with the website or its content please contact BAUL on 0845 357 7000, but in any event your exclusive remedy is to discontinue your use of the website and such content.

    Claims Concerning Your Use Of Our Website

    Where a claim is brought against BlackRock by a third party in relation to your use of this website, you hereby agree to fully reimburse BlackRock for all losses, costs, actions, proceedings, claims, damages, expenses (including reasonable legal costs and expenses), or liabilities, whatsoever suffered or incurred directly by BlackRock in or as a consequence of your breach or non-observance of these terms and conditions and/or your improper use of this website.

    Neither party shall be liable to the other, for any loss or damage which may be suffered by the other party due to any cause beyond the first party's reasonable control including without limitation any power failure.

    Privacy

    If you provide BAUL with personal information through this website, BAUL will treat it in accordance with its privacy policy which can be found at privacy policy.

    The internet is not a fully secure medium, and whilst BlackRock will endeavour to secure any private and confidential information sent to BlackRock, the confidentiality and privacy of such information sent through the internet cannot be guaranteed.

    Anti Money Laundering

    As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the prospectuses or other constitutional documents of the relevant iShares Products.

    Telephone Calls

    For training, quality and verification purposes, telephone calls are usually recorded.

    Index Disclaimers

    "Barclays Capital Inc." and 'Barclays US Government Inflation-Linked Bond Index', 'Barclays US Treasury 1-3 Year Term Index', 'Barclays US Treasury 10 Year Term Index', 'Barclays UK Government Inflation-Linked Bond Index', 'Barclays Austria Treasury Bond Index', 'Barclays Belgium Treasury Bond Index', 'Barclays Emerging Markets Asia Local Govt Capped Bond', 'Barclays Emerging Markets Europe Local Govt Capped Bond', 'Barclays Emerging Markets Latin America Local Govt Capped Bond', 'Barclays Emerging Markets Local Govt Bond', 'Barclays Euro Aggregate Bond Index', 'iShares Barclays Euro Corporate Bond ex-Financials Interest Rate Hedged', 'Barclays Euro Corporate 1-5 Year Bond Index', 'Barclays  Euro Corporate ex Financials 1-5 Year Bond Index', 'Barclays Euro Corporate ex Financials Bond Index', 'Barclays Euro-Aggregate Financial Index', 'iShares Barclays Euro Corporate Bond Interest Rate Hedged', 'Barclays Euro Corporate Bond Index', 'Barclays Euro Short Treasury (0-12 Months) Bond Index', 'Barclays Euro Government Bond 10-15 yr Term Index', 'Barclays Euro Government Bond 1-3 Year Term Index', 'Barclays Euro Government Bond 15-30 Year Term Index', 'Barclays Euro Government Bond 5 Year Term Index', 'Barclays Euro Government Bond 5-7 yr Term Index', 'Barclays Euro Government Bond 10 Year Term Index', 'Barclays Euro Treasury Bond Index', 'Barclays Euro Government Inflation-Linked Bond Index', 'Barclays Finland Treasury Bond Index', 'Barclays France Treasury Bond Index', 'Barclays Germany Treasury Bond Index', 'Barclays Global Government AAA-AA Capped Bond Index', 'Barclays Global Aggregate Bond Index', 'Barclays Global Aggregate Corporate Index (EUR hedged)', 'Barclays Global Aggregate Corporate Bond Index', 'Barclays World Government Inflation-Linked Bond Index', 'Barclays Italy Treasury Bond Index', 'Barclays Netherlands Treasury Bond Index', 'Barclays EM Local Currency Govt Core 0-5 Index', 'Barclays Spain Treasury Bond Index' and 'Barclays US Aggregate Bond Index' are trademarks of Barclays Bank PLC and have been licensed for use for certain purposes by BlackRock Fund Advisors or its affiliates. iShares® is a registered trademark of BlackRock Fund Advisors or its affiliates.The Underlying Indices are maintained by Barclays Capital. Barclays Capital is not affiliated with the Funds, BFA, State Street, the Distributor or any of their respective affiliates.

    BFA has entered into a license agreement with the Index Provider to use the Underlying Indices. BFA, or its affiliates, sublicenses rights in the Underlying Indices to the Company at no charge.

    Copyright © 2014, Citigroup Index LLC. All rights reserved. CITIGROUP is a registered trademark and service mark of Citigroup Inc. or its affiliates, is used and registered throughout the world, and is used under license for certain purposes by BlackRock Advisors (UK) Limited and certain of its affiliates. Reproduction of the Citigroup data and information in any form is prohibited except with the prior written  permission of Citigroup Index LLC ('Citigroup'). iShares Global Government Bond UCITS ETF is not sponsored, endorsed, sold or promoted by Citigroup, and Citigroup makes no representation regarding the advisability of investing in such fund. Because of the possibility of human or mechanical error, Citigroup does not guarantee the accuracy, adequacy, completeness or availability of any data and information and is not responsible for any errors or omissions or for the results obtained from the use of such data and information. CITIGROUP GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall Citigroup be liable for any direct, indirect, special or consequential damages in connection with any use of the Citigroup data and information.

    DAX®, DivDAX®, eb.rexx®, MDAX® and TecDAX® are registered trademarks of Deutsche Börse AG.

    The EURO STOXX®, EURO STOXX® Banks, EURO STOXX® Health Care, EURO STOXX® Select Dividend 30, EURO STOXX® Technology, EURO STOXX® Telecommunications, STOXX® Asia/Pacific 600 Real Estate Cap, STOXX® EU Enlarged 15, STOXX® Europe 50 , STOXX® Europe 600 Automobiles & Parts, STOXX® Europe 600 Banks, STOXX® Europe 600 Basic Resources, STOXX® Europe 600 Chemicals, STOXX® Europe 600 Construction & Materials, STOXX® Europe 600 Financial Services, STOXX® Europe 600 Food & Beverage, STOXX® Europe 600 Health Care, STOXX® Europe 600 Industrial Goods & Services, STOXX® Europe 600 Insurance, STOXX® Europe 600 Media, STOXX® Europe 600 Oil & Gas, STOXX® Europe 600 Personal & Household Goods, STOXX® Europe 600 Real Estate Cap, STOXX® Europe 600 Retail, STOXX® Europe 600 Technology, STOXX® Europe 600 Telecommunications, STOXX® Europe 600 Travel & Leisure, STOXX® Europe600, STOXX® Europe 600 Utilities, STOXX® Europe Large 200, STOXX® Europe Mid 200, STOXX® Europe Select Dividend 30, STOXX® Europe Small 200, STOXX® Global Select Dividend 100 and STOXX® Americas 600 Real Estate Cap indices and the trademarks used in the index names are the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors. The indices are used under license from STOXX. The securities based on the indices are in no way sponsored, endorsed, sold or promoted by STOXX and/or its licensors and neither STOXX nor its licensors shall have any liability with respect thereto.

    "Dow Jones" andDow Jones Asia Pacific Select Dividend 30, Dow Jones China Offshore 50, Dow Jones Global Titans 50, Dow Jones Industrial Average and Dow Jones U.S. Select Dividend  are licensed for use for certain purposes by BlackRock Asset Management Deutschland AG.iShares Dow Jones Asia Pacific Select Dividend 30 UCITS ETF (DE), iShares Dow Jones China Offshore 50 UCITS ETF (DE), iShares Dow Jones Global Titans 50 UCITS ETF (DE), iShares Dow Jones Industrial Average UCITS ETF (DE) and iShares Dow Jones U.S. Select Dividend UCITS ETF (DE)  are not sponsored, endorsed, sold or promoted by Dow Jones and Dow Jones makes no representation regarding the advisability of investing in these products.

    S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones®” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by BlackRock Fund Advisors or its affiliates (“BlackRock”). The Dow Jones Asia/Pacific Select Dividend 30 Index, Dow Jones Industrial AverageSM and Dow Jones Emerging Markets Select Dividend are products of S&P Dow Jones Indices LLC or its affiliates, and have been licensed for use by BlackRock. The iShares Asia Pacific Dividend UCITS ETF, iShares Dow Jones Industrial AverageSM UCITS ETF and iShares Emerging Markets Dividend UCITS ETF   (the “Funds”) are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates, and none of S&P Dow Jones Indices LLC, Dow Jones, S&P nor their respective affiliates makes any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with the companies listed above. Index data source: S&P Dow Jones Indices LLC.

    The “Dow Jones Sustainability World Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM and Dow Jones Sustainability Europe Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM" is a joint product of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"), and SAM Indexes GmbH (“SAM”), and has been licensed for use.  "Dow Jones®", "[DJSI Index]SM" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed for use for certain purposes by BlackRock Advisors (UK) Limited.  Dow Jones, CME Indexes, SAM and their respective affiliates have no relationship to [licensee], other than making of the “Dow Jones Sustainability World Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM and Dow Jones Sustainability Europe Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM"(the "Index") and their respective service marks available for use in connection with the iShares.

    The Dow Jones-UBS Commodity IndexesSM are a joint product of Dow Jones Opco, LLC (“Dow Jones Opco”), a subsidiary of S&P Dow Jones Indices LLC, and UBS Securities LLC (“UBS”), and have been licensed for use.  Dow Jones® and DJ are trademarks of Dow Jones Trademark Holdings LLC. UBS® is a registered trademark of UBS AG. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC. BlackRock Asset Management Deutschland AG's iShares Dow Jones-UBS Commodity Swap UCITS ETF (DE) based on the 0, is not sponsored, endorsed, sold or promoted by Dow Jones, UBS, Dow Jones Opco or any of their respective subsidiaries or affiliates, and none of Dow Jones, UBS, Dow Jones Opco or any of their respective affiliates, makes any representation regarding the advisability of investing in such product.

    Euronext Indices B.V. has all proprietary rights with respect to the AEX-index® (the 'Index'). In no way Euronext Indices B.V. sponsors, endorses or is otherwise involved in the issue and offering of the product. Euronext Indices B.V. disclaims any liability to any party for any inaccuracy in the data on which the Index is based, for any mistakes, errors, or omissions in the calculation and/or dissemination of the Index, or for the manner in which it is applied in connection with the issue and offering thereof. 'AEX®' and 'AEX-index®' are registered trademarks of Euronext N.V. or its subsidiaries.

    'FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT') and is used by FTSE International Limited ('FTSE') under licence. The FTSE BRIC 50 Index, FTSE China 25 Index, FTSE 100 Index, FTSE 250 Index, FTSE UK Dividend + Index, FTSE UK Conventional Gilts - Up To 5 Years Index and FTSE Actuaries Government Securities UK Gilts All Stocks Index are calculated by or on behalf of FTSE International Limited ('FTSE'). None of the Exchange, the FT nor FTSE sponsors, endorses or promotes iShares BRIC 50 UCITS ETF, iShares China Large Cap UCITS ETF, iShares FTSE 100 UCITS ETF (Acc), iShares FTSE 100 UCITS ETF (Inc), iShares FTSE 250 UCITS ETF, iShares UK Dividend UCITS ETF, iShares UK Gilts 0-5yr UCITS ETF and iShares UK Gilts UCITS ETF nor is in any way connected to the funds or accepts any liability in relation to their issue, operation and trading. All copyright and database rights within the index values and constituent list vest in FTSE. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright and database rights in the creation of these products.

    The FTSE 100 is calculated by FTSE international Limited. FTSE does not sponsor, endorse or promote iShares FTSE 100 (DE). All copyright in the index values and constituent lists vests in FTSE. BlackRock Asset Management Deutschland AG has obtained full license from FTSE to use such copyright in the creation of this product. 'FTSETM' is a trade mark jointly owned by the London Stock Exchange Limited and The Financial Times Limited and is used by FTSE international Limited under license.

    'FTSE®' is a trade mark of the London Stock Exchange plc and the Financial Times Limited, 'MIB' is a trade mark of Borsa Italiana SpA ('Borsa Italiana') and both are used by FTSE International Limited ('FTSE') under licence. The FTSE MIB Index is calculated by FTSE with the assistance of Borsa Italiana. Neither FTSE nor its licensors nor Borsa Italiana sponsor, endorse or promote the iShares FTSE MIB UCITS ETF (Acc) and iShares FTSE MIB UCITS ETF (Inc) and are not in any way connected to it and do not accept any liability in relation to its issue, operation and trading. All copyright in the index values and constituent list vest in FTSE. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright in the creation of this product.

    FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT'), 'NAREIT®' is a trade mark of the National Association of Real Estate Investment Trusts ('NAREIT') and 'EPRA®' is a trade mark of the European Public Real Estate Association ('EPRA') and all are used by FTSE under licence. The FTSE EPRA/NAREIT Developed Asia Dividend+ Index, FTSE EPRA/NAREIT Developed Dividend+ Index, FTSE EPRA/NAREIT Developed Europe ex UK Dividend+ Index, FTSE EPRA/NAREIT UK Index and FTSE EPRA/NAREIT United States Dividend + Index are calculated by FTSE International Limited ('FTSE'). None of the Exchange, the FT, FTSE, Euronext N.V., NAREIT nor EPRA sponsors, endorses or promotes iShares Asia Property Yield UCITS ETF, iShares Developed Markets Property Yield UCITS ETF, iShares European Property Yield UCITS ETF, iShares UK Property UCITS ETF and iShares US Property Yield UCITS ETF nor is in any way connected to the funds or accepts any liability in relation to their issue, operation and trading. All copyright and database rights within the index values and constituent list vest in FTSE, Euronext N.V., NAREIT and EPRA. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright and database rights in the creation of these products.

    'FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT'). 'FTSEurofirst®' is a trademark jointly owned by FTSE International Limited ('FTSE') and Euronext N.V ('Euronext'). The FTSEurofirst 100 Index and FTSEurofirst 80 Index are compiled and calculated by or on behalf of FTSE. None of the Exchange, the FT, FTSE or Euronext sponsors, endorses or promotes iShares FTSEurofirst 100 UCITS ETF and iShares FTSEurofirst 80 UCITS ETF nor is in any way connected to the funds or accepts any liability in relation to their issue, operation and trading. All copyright and database rights within the index values and constituent list vest in FTSE and Euronext. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright and database rights in the creation of these products.

    'FTSE®' is a trade mark jointly owned by the London Stock Exchange ('Exchange') and the Financial Times Limited ('FT'), 'Macquarie™' is a trade mark of Macquarie Bank Limited and its related entities and both marks are used by FTSE International Limited ('FTSE') under licence. None of FTSE, Macquarie, the Exchange nor the FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index and none of FTSE, Macquarie, the Exchange nor FT shall be under any obligation to advise any person of any error therein. BlackRock Advisors (UK) Limited has obtained a licence from FTSE to use such copyrights and database rights in the creation of iShares FTSE/Macquarie Global Infrastructure 100.

    The Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, iBoxx, Markit iBoxx USD Liquid Investment Grade 0-5 Index, Markit iBoxx USD Liquid High Yield 0-5 Capped Index, Markit iBoxx USD Liquid Investment Grade Ultrashort Index, Markit iBoxx GBP Non-financials Index, Markit iBoxx GBP Liquid Investment Grade Ultrashort Index, Markit iBoxx € Covered Index, Markit iBoxx EUR Sovereigns 1-3Y (Mid), Markit iBoxx EUR Sovereigns 3-7Y (Mid), Markit iBoxx EUR Sovereigns 7-10Y (Mid), Markit iBoxx Euro Sovereigns Inflation-Linked Index Nom. (Mid), Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, Markit iBoxx Global Developed Markets Liquid High Yield Capped (CHF Hedged), Markit iBoxx Global Developed Markets Liquid High Yield Capped (GBP Hedged) and Markit iBoxx Global Developed Markets Liquid High Yield Capped Index referenced herein are the property of Markit Indices Limited and is used under license. The iShares $ Corporate Bond Interest Rate Hedged UCITS ETF, iShares $ Corporate Bond UCITS ETF, iShares $ High Yield Corporate Bond UCITS ETF, iShares $ Short Duration Corporate Bond UCITS ETF , iShares $ Short Duration High Yield Corporate Bond UCITS ETF, iShares $ Ultrashort Bond UCITS ETF, iShares £ Corporate Bond 1-5yr UCITS ETF , iShares £ Corporate Bond ex-Financials UCITS ETF, iShares £ Corporate Bond UCITS ETF, iShares £ Ultrashort Bond UCITS ETF, iShares Euro Corporate Bond Large Cap UCITS ETF, iShares Euro Covered Bond UCITS ETF, iShares Euro Government Bond 1-3 UCITS ETF (Acc), iShares Euro Government Bond 3-7 UCITS ETF (Acc), iShares Euro Government Bond 7-10 UCITS ETF (Acc), iShares Euro High Yield Corporate Bond UCITS ETF, iShares Euro Inflation Link Bond UCITS ETF, iShares Euro Ultrashort Bond UCITS ETF, iShares Global High Yield Corp Bond CHF Hedged UCITS ETF, iShares Global High Yield Corp Bond GBP Hedged UCITS ETF and iShares Global High Yield Corp Bond UCITS ETF are not sponsored, endorsed, or promoted by Markit Indices Limited.

    Markit iBoxx is a registered trade mark of Markit Indices Limited and has been licensed for use by BlackRock Asset Management Deutschland AG. Markit Indices Limited does not approve, endorse or recommend BlackRock Asset Management Deutschland AG or iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE), iShares Euro Government Bond Capped 1.5-2.5yr UCITS ETF (DE), iShares Euro Government Bond Capped 10.5+yr UCITS ETF (DE), iShares Euro Government Bond Capped 2.5-5.5yr UCITS ETF (DE) and iShares Euro Government Bond Capped 5.5-10.5yr UCITS ETF (DE). These products are not sponsored, endorsed or sold by Markit Indices Limited and Markit Indices Limited makes no representation regarding the suitability of investing in the products.

    "J.P. Morgan" and "J.P. Morgan EMBISM Global Core Index" are trademarks of JPMorgan Chase & Co. licensed for use for certain purposes by BlackRock Institutional Trust Company, N.A. ("BTC"). iShares® is a registered trademark of BTC.J.P. Morgan is the Index Provider for the Underlying Index. J.P. Morgan is not affiliated with the Fund, BFA, State Street, the Distributor or any of their respective affiliates.
    J.P. Morgan provides financial, economic and investment information to the financial community. J.P. Morgan calculates and maintains the J.P. Morgan EMBISM Global Core Index, J.P. Morgan Emerging Markets Bond Index Plus, J.P. Morgan Emerging Markets Bond Index Global and Emerging Markets Bond Index Global Diversified. Security additions and deletions into the emerging markets bond indexes do not in any way reflect an opinion in the investment merits of the security.

    Markit iBoxx is a registered trade mark of Markit Indices Limited and has been licensed for use by BlackRock Advisors (UK) Limited. Markit Indices Limited does not approve, endorse or recommend BlackRock Advisors (UK) Limited or iShares plc. This product is not sponsored, endorsed or sold by IIC and IIC makes no representation regarding the suitability of investing in this product.

    The Fund is not sponsored, endorsed, sold or promoted by Morningstar. Morningstar makes no representation or warranty, express or implied, to the owners of shares of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly or the ability of the Morningstar Emerging Markets Corporate Bond Index (the “Index”) to track general stock market performance. Morningstar’s only relationship to the Company or to the BlackRock group is the licensing to the BlackRock group of certain trademarks and trade names of Morningstar and of the Index which is determined, composed and calculated by Morningstar without regard to the BlackRock group, the Company or the Fund. Morningstar has no obligation to take the needs of the BlackRock group or the owners of the shares of the Fund into consideration in determining, composing or calculating the Index. Morningstar is not responsible for and has not participated in the determination of the prices and amount of shares of the Fund, or the timing of the issuance or sale of such shares or in the determination or calculation of the equation by which shares of the Fund are to be converted into cash. Morningstar has no obligation or liability in connection with the administration, marketing or trading of shares of the Fund. Morningstar does not guarantee the accuracy or the completeness of the Index or any data included therein and Morningstar shall have no liability for any errors, omission, or interruptions therein.

    Morningstar makes no warranty, express or implied, as to results to be obtained by the BlackRock group, owners of shares of the Fund or any other person or entity from the use of the Index or any data included therein. Morningstar makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall Morningstar have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) resulting from the use of the Index or any data included therein, even if notified of the possibility of such damages.

    iShares funds are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or any index on which such funds are based. The Prospectus contains a more detailed description of the limited relationship that MSCI has with BlackRock Advisors (UK) Limited and any related funds.

    Nasdaq®', 'Nasdaq-100®' and 'Nasdaq-100 Index®' are trademarks of the Nasdaq Stock Market Inc. (which with its affiliates is referred to as the 'Corporations') and are licensed for use by BlackRock Asset Management Deutschland AG. iShares NASDAQ-100® (DE) is not issued, endorsed, sold or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Product.

    Nasdaq®, Nasdaq 100 is a registered trademark of the NASDAQ OMX Group, Inc. (referred to below as “corporation” jointly with its affiliates) and is licensed for use by BlackRock Fund Management Company (Ireland) Limited. The corporation bears no liability for the legality or suitability of the product. The product is not issued, subscribed, sold or promoted by the corporation. The corporation makes no warranties and bears no liability with respect to the product.

    The Nikkei Stock Average is a copyrighted material, calculated by Nihon Keizai Shimbun, Inc. which is the sole exclusive owner of the copyright and other intellectual property rights in the Nikkei Stock Average itself and the methodology to calculate the Nikkei Stock Average. Nihon Keizai Shimbun, Inc. (Licensor) granted a license to the licensee to use the Nikkei Stock Average as a basis for the iShares Nikkei 225® (DE) ETF. The Licensor does not sponsor, support, sell or market the ETF and has – besides granting the license to the licensee – no connection with the ETF. The ETF is managed exclusively at the risk of the licensee and licensor shall assume no obligation or responsibility for its management and transactions on the ETF.

    Nikkei 225 is protected by a copyright and is calculated according to criteria independently developed and created by Nikkei Inc. Nikkei Inc. is the only and exclusive owner of the copyrights and other intellectual property rights on Nikkei 225 and on the relevant calculation criteria. Nikkei Digital Media Inc., upon authorization of Nikkei Inc., licensed the use of Nikkei 225 as index for the fund to the licensee. The intellectual property and any other right related to the trademarks connected with Nikkei and Nikkei 225 are granted to Nikkei Inc. Nikkei Inc. and/or Nikkei Digital Media, Inc. do not sponsor, support, sell or advertise the fund. Nikkei Inc. and/or Nikkei Digital Media, Inc. are not connected in any way with the fund and license the use of certain trademarks and of Nikkei 225 for the fund itself to the licensee. The licence agreement between Nikkei Digital Media, Inc. and the licensee grants no right to any third party. The fund is managed at the licensee’s exclusive risk; Nikkei Inc. and/or Nikkei Digital Media, Inc. assume no obligation or liability with respect to the management and transactions of the fund. Nikkei Inc. and/or Nikkei Digital Media, Inc. bear no liability for the correctness of the fund’s calculations or relevant data. Nikkei Inc. and/or Nikkei Digital Media, Inc. have no obligation to continue to publish the Nikkei 225 and are not responsible for any errors, delays, interruptions, suspensions or termination of the relevant publication; Nikkei Inc. and Nikkei Digital Media, Inc. are authorized to change the description of securities, calculation criteria or any other detail of Nikkei 225 and have the right to interrupt or stop the announcement of Nikkei 225 with no responsibility towards the licensor or any third party.

    Standard & Poor’s®', 'S&P®', are registered trademarks and 'S&P Commodity Producers Agribusiness', 'S&P Emerging Market Infrastructure', 'S&P Global Clean Energy', 'S&P Global Timber & Forestry', 'S&P Global Water', 'S&P Commodity Producers Gold', 'S&P Listed Private Equity', 'S&P Commodity Producers Oil and Gas', 'S&P 500', 'S&P 500 Minimum Volatility' and 'S&P SmallCap 600' are trademarks of Standard & Poor’s Financial Services LLC and have been licensed for use for certain purposes by BlackRock Fund Advisors or its affiliates. iShares® is a registered trademark of BlackRock Fund Advisors or its affiliates.iShares Agribusiness UCITS ETF, iShares Emerging Market Infrastructure UCITS ETF, iShares Global Clean Energy UCITS ETF, iShares Global Timber & Forestry UCITS ETF, iShares Global Water UCITS ETF, iShares Gold Producers UCITS ETF, iShares Listed Private Equity UCITS ETF, iShares Oil & Gas Exploration & Production UCITS ETF, iShares S&P 500 - B UCITS ETF (Acc), iShares S&P 500 CHF Hedged UCITS ETF, iShares S&P 500 EUR Hedged UCITS ETF, iShares S&P 500 GBP Hedged UCITS ETF, iShares S&P 500 Minimum Volatility UCITS ETF, iShares S&P 500 UCITS ETF (Acc), iShares S&P 500 UCITS ETF (Inc) and iShares S&P SmallCap 600 UCITS ETF are not sponsored, endorsed, sold or promoted by S&P and S&P makes no representation regarding the advisability of investing in these products.

    The product is not sponsored, endorsed, sold or promoted by SIX Swiss Exchange Ltd and SIX Swiss Exchange Ltd makes no representation regarding the advisability of investing in the product. The SBI® is a registered trademark of SIX Swiss Exchange Ltd, and any use thereof requires a license.

    EURO STOXX® Select Dividend 30, EURO STOXX 50®, EURO STOXX 50 ex Financials index, EURO STOXX® Mid, EURO STOXX® Small, EURO STOXX® Total Market Growth Large, EURO STOXX® Total Market Value Large, Swiss Leader Index, Swiss Market Index, Swiss Market Index Mid, STOXX® Europe 50, Swiss Bond Index Domestic Government 1-3, Swiss Bond Index Domestic Government 3-7 and Swiss Bond Index Domestic Government 7-15 is the intellectual property (including registered trademarks) of STOXX Limited and/or of its licensors (“licensors”), and is used under a licence. iShares EURO Dividend UCITS ETF, iShares EURO STOXX 50 UCITS ETF (Acc), iShares EURO STOXX 50 UCITS ETF (Inc), iShares EURO STOXX 50® - B UCITS ETF (Acc), iShares EURO STOXX 50® ex-Financials UCITS ETF, iShares EURO STOXX Mid UCITS ETF, iShares EURO STOXX Small UCITS ETF, iShares EURO Total Market Growth Large UCITS ETF, iShares EURO Total Market Value Large UCITS ETF, iShares SLI® (CH), iShares SMI® (CH), iShares SMIM® (CH), iShares STOXX Europe 50 UCITS ETF, iShares Swiss Domestic Government Bond 1-3 (CH), iShares Swiss Domestic Government Bond 3-7 (CH) and iShares Swiss Domestic Government Bond 7+ (CH) is not sponsored, subscribed, sold or promoted by STOXX and its licensors and none of them bear any liability in this respect.

    iShares SMI (DE) is not sponsored, endorsed, sold or promoted by SIX Swiss Exchange and SIX Swiss Exchange makes no representation regarding the advisability of investing in the product. The SMI® is a registered trademark of the SIX Swiss Exchange, and any use thereof requires a license.

    ATX®' (Austrian Traded Index®) is a registered trademark of Wiener Börse AG. The issuer has been granted a licence to use ATX® with regard to this issue. iShares ATX (DE) is not sponsored, recommended or marketed by Wiener Börse AG.

    © 2014 BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, ALADDIN, iSHARES, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, and BUILT FOR THESE TIMES are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners.

    Variation

    BlackRock reserves the right to vary these terms and conditions from time to time. You can access the latest version of the terms and conditions on this website.

    Governing Law and Jurisdiction

    These terms and conditions and your access to and use of this website and the content are subject to English law and the non-exclusive jurisdiction of the English courts.

    If any provision of these terms and conditions in judicial proceedings is held illegal or unenforceable, such provision shall be severed and shall be inoperative, and the remainder of these terms and conditions shall remain operative, in full force and effect and binding on you.

    © 2014 BlackRock Advisors (UK) Limited. Registered Company No. 00796793. All rights reserved. Calls may be monitored or recorded

  • Terms and conditions for professional investors

    For Investors in Switzerland

    Please read this page, as it explains certain restrictions imposed by law on the distribution of this information.
    The information on the following web pages contain information on the foreign collective investment schemes managed by entities of the BlackRock Group ("Fund/s") which have been approved by the Swiss Financial Market Supervisory Authority (FINMA) for distribution in or from Switzerland to non-qualified investors in accordance with Article 119 et seq of the Federal Act on Collective Investment Schemes of 23 June 2006 ("CISA") (the "Approved Fund/s"), the Swiss iShares-Funds, foreign Funds which have not been approved by FINMA ("Not Approved Fund/s") and foreign Funds which have not been approved by FINMA but have appointed a Swiss Paying Agent and Swiss Representative (“Funds for Qualified Investors”).

    Therefore, the information contained in the following pages is only directed to regulated financial intermediaries or regulated insurance companies within the meaning of Article 10 para 3 lit. a and lit. b CISA domiciled in Switzerland.

    Regulated financial intermediaries or regulated insurance companies pursuant to Article 10 para 3 lit. a and lit. b CISA are essentially:

    1.    banks;
    2.     securities dealers;
    3.     fund management companies and asset managers of collective investment schemes; and
    4.    central banks;
    5.     regulated insurance companies.

    The Representative of the Approved Funds in Switzerland within the meaning of Article 120 and 123 et seq CISA is BlackRock Asset Management Switzerland Limited, Bahnhofstrasse 39, CH -8001 Zurich. The Paying Agent of the Approved Funds in Switzerland within the meaning of Article 121 CISA is JPMorgan Chase Bank, National Association, Columbus, Zurich Branch, Dreikoenigstrasse 21, CH-8002 Zurich. The prospectus, the key investor information document (KIID), the Articles or the terms / the fund contract and, if applicable, the annual as well as the semi-annual reports of the Approved Funds are available free of charge from the representative in Switzerland.

    The Management Company of the Swiss iShares-Funds is BlackRock Asset Management Switzerland Limited, Bahnhofstrasse 39, CH-8001 Zurich. The prospectus including the integrated fund contract, the key investor information document (KIID), and, provided that applicable, the annual as well as the semi-annual reports of the Fund/s] are available free of charge from the Management Company in Switzerland.

    A Swiss Representative and a Swiss Paying Agent has been appointed pursuant to Art. 120 para 4 and Art. 120 para 2 lit. d CISA for Funds for Qualified Investors and certain documents of the Funds for Qualified Investors have been updated with the necessary information.

    The Representative of the Funds for Qualified Investors in Switzerland within the meaning of Article 120 and 123 et seq CISA is BlackRock Asset Management Switzerland Limited, Bahnhofstrasse 39, CH -8001 Zurich. The Paying Agent of the Funds for Qualified Investors in Switzerland within the meaning of Article 121 CISA is State Street Bank GmbH, München, Zweigniederlassung Zürich, Beethovenstrasse 19, CH-8002 Zürich. The prospectus, the offering memorandum or the trust deed, as applicable, have been updated with the necessary information and are available free of charge from the representative in Switzerland.

    Place of fulfillment and jurisdiction for Units of Approved Funds distributed in Switzerland is the registered office of the representative in Switzerland. Jurisdiction for the Swiss iShares-Funds is the registered office of the Management Company.

    It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. The following pages do not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such an offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such an offer or solicitation.

    Applications to invest in any fund referred to on this site must only be made on the basis of the offer document relating to the specific investment (e.g. Prospectus, Simplified Prospectus or Key Investor Information Document, when implemented or other applicable terms and conditions).

    As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the relevant Prospectus, Simplified Prospectus or Key Investor Information Document, when implemented or other constitutional document.

    The information contained on this site is subject to copyright with all rights reserved. It must not be reproduced, copied or redistributed in whole or in part.

    The information contained on this site is published in good faith but no representation or warranty, expressed or implied, is made by BlackRock Investment Management Switzerland Limited or by any person as to its accuracy or completeness and it should not be relied on as such. No information on this site constitutes investment, tax, legal or any other advice.

    BlackRock Investment Management Switzerland Limited shall have no liability for any loss or damage arising out of the use or reliance on the information provided including without limitation, any loss of profit or any other damage, direct or consequential.

    Past performance is no guarantee of future performance.

    The value of investments and the income from them may go down as well as up and are not guaranteed.
    You may not get back the amount you invested.

    Rates of exchange may cause the value of the investments to go up or down.

    Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially.

    For your protection, telephone calls are usually recorded. BlackRock Investment Management Switzerland Limited shall have no liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to, any direct, indirect or consequential damage, arising out of the use of the services provided herein.

    If you are in doubt about the meaning of any information provided please consult your financial or other professional adviser.
    BlackRock Asset Management Switzerland Limited, Zurich is responsible for the content of this website in Switzerland.

    Registrations and Listings

    This website indicates in which countries the iShares products are registered or authorised for public distribution and on which principal European stock exchanges the iShares products domiciled in Europe are also listed. The iShares funds domiciled in the US are registered and listed on stock exchanges in the USA only.

    Selling Restrictions

    The iShares products are not offered or aimed at residents in any country in which (a) the iShares products are not authorised or registered for distribution and where to do so is contrary to the relevant country's securities laws, (b) the dissemination of information on the iShares products via the Internet is forbidden, and/or BAUL is not authorised or qualified to make such offer or invitation. This website and the information provided on this website should not be construed as an advertisement, an offer to sell, or a solicitation of an offer to buy any securities in the iShares products mentioned in this website, nor shall any such securities be offered or sold, in any country in which to do so is contrary to that country's securities laws.

    Specifically, the securities of the iShares products domiciled in Ireland, Germany Switzerland and Luxembourg have not been, and will not be registered under the Securities Act of 1933 of the USA (the “1933 Act”) or the securities laws of any of the states of the United States. Such securities may not be offered or sold directly or indirectly in the United States or for the account or benefit of any US Person, except pursuant to an exemption from, or in a transaction not subject to the regulatory requirement of the 1933 Act and any applicable state securities laws. Any re-offer or resale of any of the securities in the United States or to US Persons may constitute a violation of US law. “US Person” means any person or entity deemed by the US Securities Exchange Commission from time to time to be a “U.S. Person” under Rule 902(k) of the 1933 Act or other person or entity as the directors of the iShares Products (or their umbrella companies or managers) may determine. Securities of the iShares products domiciled in Ireland, Germany Switzerland and Luxembourg may not, except pursuant to a relevant exemption, be acquired or owned by, or acquired with the assets of an ERISA Plan. An “ERISA Plan” is defined as (i) any retirement plan subject to Title I of the United States Employee Retirement Income Security Act of 1974, as amended (ERISA); or, (ii) any individual retirement account or plan subject to Section 4975 of the United States Internal Revenue code of 1986, as amended.

    Additionally, securities of the iShares products domiciled in Ireland, Germany, Switzerland and Luxembourg may not, except pursuant to an exemption from, or in a transaction not subject to the regulatory requirements of, the Investment Company Act of 1940 of the USA, as amended (the "1940 Act"), or the US Commodity Exchange Act, as amended (the "CEA"), as the case may be, be acquired by a person who is deemed to be a US Person under the 1940 Act and regulations thereunder or a person who is deemed to be a US Person under the CEA and regulations thereunder.

    The iShares products domiciled in Ireland, Germany Switzerland and Luxembourg have not been, nor will they be, qualified for distribution to the public in Canada as no prospectus for any iShares product domiciled in Ireland, Germany, Switzerland or Luxembourg has been filed with any securities commission or regulatory authority in Canada or any province or territory thereof. This website is not, and under no circumstances is to be construed, as an advertisement or any other step in furtherance of a public offering of securities in Canada. No person resident in Canada for the purposes of Canadian income tax legislation may purchase or accept a transfer of securities of any iShares product domiciled in Ireland, Germany, Switzerland or Luxembourg unless he or she is eligible to do so under applicable Canadian or provincial laws.

    Users of this website are required to notify BAUL immediately by email if any information which a user is able to access on this website would cause the user, BlackRock or any iShares product to be in breach of applicable laws or regulations. In such event, the user shall (a) stop accessing this website, (b) destroy immediately any such information (and all copies) which has been downloaded or printed by the user from this website, (c) disregard such information, and (d) treat such information as confidential and not disseminate it.

    Risk Warnings

    Investment Risks


    iShares products may not be suitable for all investors and BlackRock does not guarantee the performance of the iShares products. Past performance is not a reliable indicator of future results. The value and price of securities (which may trade in limited markets) of the iShares products and the income from them may fall as well as rise and an investor may not recover the full amount invested. An investor’s income from iShares products is not necessarily fixed and may fluctuate. Where an investor invests in an iShares product denominated in a currency other than that of the country in which the investor is resident, the return to the investor may increase or decrease as a result of currency fluctuations.

    Exchange rate movements can affect the value of investments involving exposure to foreign currencies.

    Any projections or examples (including calculations used therein) set out in this website are for illustrative purposes only and are not guaranteed to be accurate, complete or up to date.

    Tax levels, the tax status of the iShares products, the taxation of investors and any tax reliefs may change from time to time. Any change in the taxation legislation in any jurisdiction where an iShares product is registered, cross-listed, marketed or invested could affect the tax status of the iShares product, affect the value of the relevant iShares product’s investments in the affected jurisdiction, affect the relevant iShares product’s ability to achieve its investment objective, and/or alter the post tax returns to investors. The availability and value of any tax reliefs available to investors depend on the individual circumstances of investors. Any tax-related information in this website is not exhaustive and does not constitute legal or tax advice. Prospective investors are urged to consult their tax advisors with respect to their particular tax situations and the tax effects of an investment in the iShares products.

    Important information about iShares products is contained in the relevant prospectuses of the iShares products, copies of which can be obtained on this website or from your broker or financial adviser.  Please refer to the iShares products’ prospectuses for a full description of the risks of investing in the products.

    Securities of iShares products may be purchased or sold throughout the day on one or more stock exchanges (secondary market) through an authorised intermediary. Securities of iShares products may only be subscribed or redeemed directly with the relevant iShares product (primary market) by authorised participants in very large creation / redemption sizes.

    When making an investment in an iShares product, you are buying securities issued by a company that will be listed on one or more stock exchanges. The price of the securities will be determined by supply and demand. Such price will not necessarily be the same as the value per security of that iShares product’s assets. At any time the security price may be at a discount or premium to the asset value. However, because of the exchange traded structure, it is expected that a significant discount or premium of price to asset value will not be sustainable over the long term.

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    Exchange Traded Funds (ETFs)

    The capital return and income of each iShares fund are based on the capital appreciation and income on the securities it holds, less expenses incurred. Therefore, each iShares fund’s return may be expected to fluctuate in response to changes in such capital appreciation or income.  Additionally, the securities in an equity benchmark index may under-perform fixed income investments and stock market investments that track other markets, segments or sectors different to that of an iShares fund.  As foreign exchanges can be open on days when shares in an iShares fund are not priced, the value of the securities in an iShares fund’s portfolio may change on days when shareholders will not be able to purchase or sell an iShares fund’s shares.

    Certain iShares funds may use derivatives, details of which will be set out in the relevant prospectuses. The use of derivatives involves special risks and the iShares funds may be exposed to credit risk with regard to parties with whom it trades.

    An investment in an iShares fund often involves investing in international markets. In addition to the normal risks associated with investing, international investments involve the risk of losing all or part of any capital from unfavourable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. The value of investments in iShares funds investing in economies and markets which may be less developed than more established economies (including emerging markets), may be subject to greater volatility due to increased uncertainty as to how these markets operate and the possibility of lower trading volumes.

    Exchange Traded Commodities (ETCs)

    iShares Physical ETCs are exchange traded commodities and are neither fund nor exchange traded funds. The iShares Physical ETCs are series of secured metal-linked securities issued in the form of debt securities. Unlike the iShares funds domiciled in Ireland which issue shares, the securities of all iShares Physical ETCs are issued in the form of debt securities which are listed and traded as non-equity securities.

    Precious metal prices are generally more volatile than most other asset classes, making investment riskier and more complex than other investments. In addition, iShares Physical ETCs are limited recourse obligations which are payable solely out of the underlying secured property. If the secured property is insufficient, any outstanding claims will remain unpaid.

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    As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the prospectuses or other constitutional documents of the relevant iShares Products.

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    Index Disclaimers

    "Barclays Capital Inc." and 'Barclays US Government Inflation-Linked Bond Index', 'Barclays US Treasury 1-3 Year Term Index', 'Barclays US Treasury 10 Year Term Index', 'Barclays UK Government Inflation-Linked Bond Index', 'Barclays Austria Treasury Bond Index', 'Barclays Belgium Treasury Bond Index', 'Barclays Emerging Markets Asia Local Govt Capped Bond', 'Barclays Emerging Markets Europe Local Govt Capped Bond', 'Barclays Emerging Markets Latin America Local Govt Capped Bond', 'Barclays Emerging Markets Local Govt Bond', 'Barclays Euro Aggregate Bond Index', 'iShares Barclays Euro Corporate Bond ex-Financials Interest Rate Hedged', 'Barclays Euro Corporate 1-5 Year Bond Index', 'Barclays  Euro Corporate ex Financials 1-5 Year Bond Index', 'Barclays Euro Corporate ex Financials Bond Index', 'Barclays Euro-Aggregate Financial Index', 'iShares Barclays Euro Corporate Bond Interest Rate Hedged', 'Barclays Euro Corporate Bond Index', 'Barclays Euro Short Treasury (0-12 Months) Bond Index', 'Barclays Euro Government Bond 10-15 yr Term Index', 'Barclays Euro Government Bond 1-3 Year Term Index', 'Barclays Euro Government Bond 15-30 Year Term Index', 'Barclays Euro Government Bond 5 Year Term Index', 'Barclays Euro Government Bond 5-7 yr Term Index', 'Barclays Euro Government Bond 10 Year Term Index', 'Barclays Euro Treasury Bond Index', 'Barclays Euro Government Inflation-Linked Bond Index', 'Barclays Finland Treasury Bond Index', 'Barclays France Treasury Bond Index', 'Barclays Germany Treasury Bond Index', 'Barclays Global Government AAA-AA Capped Bond Index', 'Barclays Global Aggregate Bond Index', 'Barclays Global Aggregate Corporate Index (EUR hedged)', 'Barclays Global Aggregate Corporate Bond Index', 'Barclays World Government Inflation-Linked Bond Index', 'Barclays Italy Treasury Bond Index', 'Barclays Netherlands Treasury Bond Index', 'Barclays EM Local Currency Govt Core 0-5 Index', 'Barclays Spain Treasury Bond Index' and 'Barclays US Aggregate Bond Index' are trademarks of Barclays Bank PLC and have been licensed for use for certain purposes by BlackRock Fund Advisors or its affiliates. iShares® is a registered trademark of BlackRock Fund Advisors or its affiliates.The Underlying Indices are maintained by Barclays Capital. Barclays Capital is not affiliated with the Funds, BFA, State Street, the Distributor or any of their respective affiliates.
    BFA has entered into a license agreement with the Index Provider to use the Underlying Indices. BFA, or its affiliates, sublicenses rights in the Underlying Indices to the Company at no charge.

    Copyright © 2014, Citigroup Index LLC. All rights reserved. CITIGROUP is a registered trademark and service mark of Citigroup Inc. or its affiliates, is used and registered throughout the world, and is used under license for certain purposes by BlackRock Advisors (UK) Limited and certain of its affiliates. Reproduction of the Citigroup data and information in any form is prohibited except with the prior written  permission of Citigroup Index LLC ('Citigroup'). iShares Global Government Bond UCITS ETF is not sponsored, endorsed, sold or promoted by Citigroup, and Citigroup makes no representation regarding the advisability of investing in such fund. Because of the possibility of human or mechanical error, Citigroup does not guarantee the accuracy, adequacy, completeness or availability of any data and information and is not responsible for any errors or omissions or for the results obtained from the use of such data and information. CITIGROUP GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall Citigroup be liable for any direct, indirect, special or consequential damages in connection with any use of the Citigroup data and information.

    DAX®, DivDAX®, eb.rexx®, MDAX® and TecDAX® are registered trademarks of Deutsche Börse AG.

    The EURO STOXX®, EURO STOXX® Banks, EURO STOXX® Health Care, EURO STOXX® Select Dividend 30, EURO STOXX® Technology, EURO STOXX® Telecommunications, STOXX® Asia/Pacific 600 Real Estate Cap, STOXX® EU Enlarged 15, STOXX® Europe 50 , STOXX® Europe 600 Automobiles & Parts, STOXX® Europe 600 Banks, STOXX® Europe 600 Basic Resources, STOXX® Europe 600 Chemicals, STOXX® Europe 600 Construction & Materials, STOXX® Europe 600 Financial Services, STOXX® Europe 600 Food & Beverage, STOXX® Europe 600 Health Care, STOXX® Europe 600 Industrial Goods & Services, STOXX® Europe 600 Insurance, STOXX® Europe 600 Media, STOXX® Europe 600 Oil & Gas, STOXX® Europe 600 Personal & Household Goods, STOXX® Europe 600 Real Estate Cap, STOXX® Europe 600 Retail, STOXX® Europe 600 Technology, STOXX® Europe 600 Telecommunications, STOXX® Europe 600 Travel & Leisure, STOXX® Europe600, STOXX® Europe 600 Utilities, STOXX® Europe Large 200, STOXX® Europe Mid 200, STOXX® Europe Select Dividend 30, STOXX® Europe Small 200, STOXX® Global Select Dividend 100 and STOXX® Americas 600 Real Estate Cap indices and the trademarks used in the index names are the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors. The indices are used under license from STOXX. The securities based on the indices are in no way sponsored, endorsed, sold or promoted by STOXX and/or its licensors and neither STOXX nor its licensors shall have any liability with respect thereto.

    "Dow Jones" andDow Jones Asia Pacific Select Dividend 30, Dow Jones China Offshore 50, Dow Jones Global Titans 50, Dow Jones Industrial Average and Dow Jones U.S. Select Dividend  are licensed for use for certain purposes by BlackRock Asset Management Deutschland AG.iShares Dow Jones Asia Pacific Select Dividend 30 UCITS ETF (DE), iShares Dow Jones China Offshore 50 UCITS ETF (DE), iShares Dow Jones Global Titans 50 UCITS ETF (DE), iShares Dow Jones Industrial Average UCITS ETF (DE) and iShares Dow Jones U.S. Select Dividend UCITS ETF (DE)  are not sponsored, endorsed, sold or promoted by Dow Jones and Dow Jones makes no representation regarding the advisability of investing in these products.

    S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones®” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by BlackRock Fund Advisors or its affiliates (“BlackRock”). The Dow Jones Asia/Pacific Select Dividend 30 Index, Dow Jones Industrial AverageSM and Dow Jones Emerging Markets Select Dividend are products of S&P Dow Jones Indices LLC or its affiliates, and have been licensed for use by BlackRock. The iShares Asia Pacific Dividend UCITS ETF, iShares Dow Jones Industrial AverageSM UCITS ETF and iShares Emerging Markets Dividend UCITS ETF   (the “Funds”) are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates, and none of S&P Dow Jones Indices LLC, Dow Jones, S&P nor their respective affiliates makes any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with the companies listed above. Index data source: S&P Dow Jones Indices LLC.

    The “Dow Jones Sustainability World Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM and Dow Jones Sustainability Europe Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM" is a joint product of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"), and SAM Indexes GmbH (“SAM”), and has been licensed for use.  "Dow Jones®", "[DJSI Index]SM" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed for use for certain purposes by BlackRock Advisors (UK) Limited.  Dow Jones, CME Indexes, SAM and their respective affiliates have no relationship to [licensee], other than making of the “Dow Jones Sustainability World Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM and Dow Jones Sustainability Europe Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM"(the "Index") and their respective service marks available for use in connection with the iShares.

    The Dow Jones-UBS Commodity IndexesSM are a joint product of Dow Jones Opco, LLC (“Dow Jones Opco”), a subsidiary of S&P Dow Jones Indices LLC, and UBS Securities LLC (“UBS”), and have been licensed for use.  Dow Jones® and DJ are trademarks of Dow Jones Trademark Holdings LLC. UBS® is a registered trademark of UBS AG. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC. BlackRock Asset Management Deutschland AG's iShares Dow Jones-UBS Commodity Swap UCITS ETF (DE) based on the 0, is not sponsored, endorsed, sold or promoted by Dow Jones, UBS, Dow Jones Opco or any of their respective subsidiaries or affiliates, and none of Dow Jones, UBS, Dow Jones Opco or any of their respective affiliates, makes any representation regarding the advisability of investing in such product.

    Euronext Indices B.V. has all proprietary rights with respect to the AEX-index® (the 'Index'). In no way Euronext Indices B.V. sponsors, endorses or is otherwise involved in the issue and offering of the product. Euronext Indices B.V. disclaims any liability to any party for any inaccuracy in the data on which the Index is based, for any mistakes, errors, or omissions in the calculation and/or dissemination of the Index, or for the manner in which it is applied in connection with the issue and offering thereof. 'AEX®' and 'AEX-index®' are registered trademarks of Euronext N.V. or its subsidiaries.

    'FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT') and is used by FTSE International Limited ('FTSE') under licence. The FTSE BRIC 50 Index, FTSE China 25 Index, FTSE 100 Index, FTSE 250 Index, FTSE UK Dividend + Index, FTSE UK Conventional Gilts - Up To 5 Years Index and FTSE Actuaries Government Securities UK Gilts All Stocks Index are calculated by or on behalf of FTSE International Limited ('FTSE'). None of the Exchange, the FT nor FTSE sponsors, endorses or promotes iShares BRIC 50 UCITS ETF, iShares China Large Cap UCITS ETF, iShares FTSE 100 UCITS ETF (Acc), iShares FTSE 100 UCITS ETF (Inc), iShares FTSE 250 UCITS ETF, iShares UK Dividend UCITS ETF, iShares UK Gilts 0-5yr UCITS ETF and iShares UK Gilts UCITS ETF nor is in any way connected to the funds or accepts any liability in relation to their issue, operation and trading. All copyright and database rights within the index values and constituent list vest in FTSE. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright and database rights in the creation of these products.

    The FTSE 100 is calculated by FTSE international Limited. FTSE does not sponsor, endorse or promote iShares FTSE 100 (DE). All copyright in the index values and constituent lists vests in FTSE. BlackRock Asset Management Deutschland AG has obtained full license from FTSE to use such copyright in the creation of this product. 'FTSETM' is a trade mark jointly owned by the London Stock Exchange Limited and The Financial Times Limited and is used by FTSE international Limited under license.

    'FTSE®' is a trade mark of the London Stock Exchange plc and the Financial Times Limited, 'MIB' is a trade mark of Borsa Italiana SpA ('Borsa Italiana') and both are used by FTSE International Limited ('FTSE') under licence. The FTSE MIB Index is calculated by FTSE with the assistance of Borsa Italiana. Neither FTSE nor its licensors nor Borsa Italiana sponsor, endorse or promote the iShares FTSE MIB UCITS ETF (Acc) and iShares FTSE MIB UCITS ETF (Inc) and are not in any way connected to it and do not accept any liability in relation to its issue, operation and trading. All copyright in the index values and constituent list vest in FTSE. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright in the creation of this product.

    FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT'), 'NAREIT®' is a trade mark of the National Association of Real Estate Investment Trusts ('NAREIT') and 'EPRA®' is a trade mark of the European Public Real Estate Association ('EPRA') and all are used by FTSE under licence. The FTSE EPRA/NAREIT Developed Asia Dividend+ Index, FTSE EPRA/NAREIT Developed Dividend+ Index, FTSE EPRA/NAREIT Developed Europe ex UK Dividend+ Index, FTSE EPRA/NAREIT UK Index and FTSE EPRA/NAREIT United States Dividend + Index are calculated by FTSE International Limited ('FTSE'). None of the Exchange, the FT, FTSE, Euronext N.V., NAREIT nor EPRA sponsors, endorses or promotes iShares Asia Property Yield UCITS ETF, iShares Developed Markets Property Yield UCITS ETF, iShares European Property Yield UCITS ETF, iShares UK Property UCITS ETF and iShares US Property Yield UCITS ETF nor is in any way connected to the funds or accepts any liability in relation to their issue, operation and trading. All copyright and database rights within the index values and constituent list vest in FTSE, Euronext N.V., NAREIT and EPRA. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright and database rights in the creation of these products.

    'FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT'). 'FTSEurofirst®' is a trademark jointly owned by FTSE International Limited ('FTSE') and Euronext N.V ('Euronext'). The FTSEurofirst 100 Index and FTSEurofirst 80 Index are compiled and calculated by or on behalf of FTSE. None of the Exchange, the FT, FTSE or Euronext sponsors, endorses or promotes iShares FTSEurofirst 100 UCITS ETF and iShares FTSEurofirst 80 UCITS ETF nor is in any way connected to the funds or accepts any liability in relation to their issue, operation and trading. All copyright and database rights within the index values and constituent list vest in FTSE and Euronext. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright and database rights in the creation of these products.

    'FTSE®' is a trade mark jointly owned by the London Stock Exchange ('Exchange') and the Financial Times Limited ('FT'), 'Macquarie™' is a trade mark of Macquarie Bank Limited and its related entities and both marks are used by FTSE International Limited ('FTSE') under licence. None of FTSE, Macquarie, the Exchange nor the FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index and none of FTSE, Macquarie, the Exchange nor FT shall be under any obligation to advise any person of any error therein. BlackRock Advisors (UK) Limited has obtained a licence from FTSE to use such copyrights and database rights in the creation of iShares FTSE/Macquarie Global Infrastructure 100.

    The Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, iBoxx, Markit iBoxx USD Liquid Investment Grade 0-5 Index, Markit iBoxx USD Liquid High Yield 0-5 Capped Index, Markit iBoxx USD Liquid Investment Grade Ultrashort Index, Markit iBoxx GBP Non-financials Index, Markit iBoxx GBP Liquid Investment Grade Ultrashort Index, Markit iBoxx € Covered Index, Markit iBoxx EUR Sovereigns 1-3Y (Mid), Markit iBoxx EUR Sovereigns 3-7Y (Mid), Markit iBoxx EUR Sovereigns 7-10Y (Mid), Markit iBoxx Euro Sovereigns Inflation-Linked Index Nom. (Mid), Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, Markit iBoxx Global Developed Markets Liquid High Yield Capped (CHF Hedged), Markit iBoxx Global Developed Markets Liquid High Yield Capped (GBP Hedged) and Markit iBoxx Global Developed Markets Liquid High Yield Capped Index referenced herein are the property of Markit Indices Limited and is used under license. The iShares $ Corporate Bond Interest Rate Hedged UCITS ETF, iShares $ Corporate Bond UCITS ETF, iShares $ High Yield Corporate Bond UCITS ETF, iShares $ Short Duration Corporate Bond UCITS ETF , iShares $ Short Duration High Yield Corporate Bond UCITS ETF, iShares $ Ultrashort Bond UCITS ETF, iShares £ Corporate Bond 1-5yr UCITS ETF , iShares £ Corporate Bond ex-Financials UCITS ETF, iShares £ Corporate Bond UCITS ETF, iShares £ Ultrashort Bond UCITS ETF, iShares Euro Corporate Bond Large Cap UCITS ETF, iShares Euro Covered Bond UCITS ETF, iShares Euro Government Bond 1-3 UCITS ETF (Acc), iShares Euro Government Bond 3-7 UCITS ETF (Acc), iShares Euro Government Bond 7-10 UCITS ETF (Acc), iShares Euro High Yield Corporate Bond UCITS ETF, iShares Euro Inflation Link Bond UCITS ETF, iShares Euro Ultrashort Bond UCITS ETF, iShares Global High Yield Corp Bond CHF Hedged UCITS ETF, iShares Global High Yield Corp Bond GBP Hedged UCITS ETF and iShares Global High Yield Corp Bond UCITS ETF are not sponsored, endorsed, or promoted by Markit Indices Limited.

    Markit iBoxx is a registered trade mark of Markit Indices Limited and has been licensed for use by BlackRock Asset Management Deutschland AG. Markit Indices Limited does not approve, endorse or recommend BlackRock Asset Management Deutschland AG or iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE), iShares Euro Government Bond Capped 1.5-2.5yr UCITS ETF (DE), iShares Euro Government Bond Capped 10.5+yr UCITS ETF (DE), iShares Euro Government Bond Capped 2.5-5.5yr UCITS ETF (DE) and iShares Euro Government Bond Capped 5.5-10.5yr UCITS ETF (DE). These products are not sponsored, endorsed or sold by Markit Indices Limited and Markit Indices Limited makes no representation regarding the suitability of investing in the products.

    "J.P. Morgan" and "J.P. Morgan EMBISM Global Core Index" are trademarks of JPMorgan Chase & Co. licensed for use for certain purposes by BlackRock Institutional Trust Company, N.A. ("BTC"). iShares® is a registered trademark of BTC.J.P. Morgan is the Index Provider for the Underlying Index. J.P. Morgan is not affiliated with the Fund, BFA, State Street, the Distributor or any of their respective affiliates.
    J.P. Morgan provides financial, economic and investment information to the financial community. J.P. Morgan calculates and maintains the J.P. Morgan EMBISM Global Core Index, J.P. Morgan Emerging Markets Bond Index Plus, J.P. Morgan Emerging Markets Bond Index Global and Emerging Markets Bond Index Global Diversified. Security additions and deletions into the emerging markets bond indexes do not in any way reflect an opinion in the investment merits of the security.

    Markit iBoxx is a registered trade mark of Markit Indices Limited and has been licensed for use by BlackRock Advisors (UK) Limited. Markit Indices Limited does not approve, endorse or recommend BlackRock Advisors (UK) Limited or iShares plc. This product is not sponsored, endorsed or sold by IIC and IIC makes no representation regarding the suitability of investing in this product.

    The Fund is not sponsored, endorsed, sold or promoted by Morningstar. Morningstar makes no representation or warranty, express or implied, to the owners of shares of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly or the ability of the Morningstar Emerging Markets Corporate Bond Index (the “Index”) to track general stock market performance. Morningstar’s only relationship to the Company or to the BlackRock group is the licensing to the BlackRock group of certain trademarks and trade names of Morningstar and of the Index which is determined, composed and calculated by Morningstar without regard to the BlackRock group, the Company or the Fund. Morningstar has no obligation to take the needs of the BlackRock group or the owners of the shares of the Fund into consideration in determining, composing or calculating the Index. Morningstar is not responsible for and has not participated in the determination of the prices and amount of shares of the Fund, or the timing of the issuance or sale of such shares or in the determination or calculation of the equation by which shares of the Fund are to be converted into cash. Morningstar has no obligation or liability in connection with the administration, marketing or trading of shares of the Fund. Morningstar does not guarantee the accuracy or the completeness of the Index or any data included therein and Morningstar shall have no liability for any errors, omission, or interruptions therein.

    Morningstar makes no warranty, express or implied, as to results to be obtained by the BlackRock group, owners of shares of the Fund or any other person or entity from the use of the Index or any data included therein. Morningstar makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall Morningstar have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) resulting from the use of the Index or any data included therein, even if notified of the possibility of such damages.

  • Terms and conditions for Institutional investors

    For Investors in Switzerland

    Please read this page, as it explains certain restrictions imposed by law on the distribution of this information.
    The information on the following web pages contain information on the foreign collective investment schemes managed by entities of the BlackRock Group ("Fund/s") which have been approved by the Swiss Financial Market Supervisory Authority (FINMA) for distribution in or from Switzerland to non-qualified investors in accordance with Article 119 et seq of the Federal Act on Collective Investment Schemes of 23 June 2006 ("CISA") (the "Approved Fund/s"), the Swiss iShares-Funds, foreign Funds which have not been approved by FINMA ("Not Approved Fund/s") and foreign Funds which have not been approved by FINMA but have appointed a Swiss Paying Agent and Swiss Representative (“Funds for Qualified Investors”).

    Therefore, the information contained in the following pages is only directed to regulated financial intermediaries or regulated insurance companies within the meaning of Article 10 para 3 lit. a and lit. b CISA domiciled in Switzerland.

    Regulated financial intermediaries or regulated insurance companies pursuant to Article 10 para 3 lit. a and lit. b CISA are essentially:

    1.    banks;
    2.     securities dealers;
    3.     fund management companies and asset managers of collective investment schemes; and
    4.    central banks;
    5.     regulated insurance companies.

    The Representative of the Approved Funds in Switzerland within the meaning of Article 120 and 123 et seq CISA is BlackRock Asset Management Switzerland Limited, Bahnhofstrasse 39, CH -8001 Zurich. The Paying Agent of the Approved Funds in Switzerland within the meaning of Article 121 CISA is JPMorgan Chase Bank, National Association, Columbus, Zurich Branch, Dreikoenigstrasse 21, CH-8002 Zurich. The prospectus, the key investor information document (KIID), the Articles or the terms / the fund contract and, if applicable, the annual as well as the semi-annual reports of the Approved Funds are available free of charge from the representative in Switzerland.

    The Management Company of the Swiss iShares-Funds is BlackRock Asset Management Switzerland Limited, Bahnhofstrasse 39, CH-8001 Zurich. The prospectus including the integrated fund contract, the key investor information document (KIID), and, provided that applicable, the annual as well as the semi-annual reports of the Fund/s] are available free of charge from the Management Company in Switzerland.

    A Swiss Representative and a Swiss Paying Agent has been appointed pursuant to Art. 120 para 4 and Art. 120 para 2 lit. d CISA for Funds for Qualified Investors and certain documents of the Funds for Qualified Investors have been updated with the necessary information.

    The Representative of the Funds for Qualified Investors in Switzerland within the meaning of Article 120 and 123 et seq CISA is BlackRock Asset Management Switzerland Limited, Bahnhofstrasse 39, CH -8001 Zurich. The Paying Agent of the Funds for Qualified Investors in Switzerland within the meaning of Article 121 CISA is State Street Bank GmbH, München, Zweigniederlassung Zürich, Beethovenstrasse 19, CH-8002 Zürich. The prospectus, the offering memorandum or the trust deed, as applicable, have been updated with the necessary information and are available free of charge from the representative in Switzerland.

    Place of fulfillment and jurisdiction for Units of Approved Funds distributed in Switzerland is the registered office of the representative in Switzerland. Jurisdiction for the Swiss iShares-Funds is the registered office of the Management Company.

    It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. The following pages do not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such an offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such an offer or solicitation.

    Applications to invest in any fund referred to on this site must only be made on the basis of the offer document relating to the specific investment (e.g. Prospectus, Simplified Prospectus or Key Investor Information Document, when implemented or other applicable terms and conditions).

    As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the relevant Prospectus, Simplified Prospectus or Key Investor Information Document, when implemented or other constitutional document.

    The information contained on this site is subject to copyright with all rights reserved. It must not be reproduced, copied or redistributed in whole or in part.

    The information contained on this site is published in good faith but no representation or warranty, expressed or implied, is made by BlackRock Investment Management Switzerland Limited or by any person as to its accuracy or completeness and it should not be relied on as such. No information on this site constitutes investment, tax, legal or any other advice.

    BlackRock Investment Management Switzerland Limited shall have no liability for any loss or damage arising out of the use or reliance on the information provided including without limitation, any loss of profit or any other damage, direct or consequential.

    Past performance is no guarantee of future performance.

    The value of investments and the income from them may go down as well as up and are not guaranteed.
    You may not get back the amount you invested.

    Rates of exchange may cause the value of the investments to go up or down.

    Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially.

    For your protection, telephone calls are usually recorded. BlackRock Investment Management Switzerland Limited shall have no liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to, any direct, indirect or consequential damage, arising out of the use of the services provided herein.

    If you are in doubt about the meaning of any information provided please consult your financial or other professional adviser.
    BlackRock Asset Management Switzerland Limited, Zurich is responsible for the content of this website in Switzerland.

    Registrations and Listings

    This website indicates in which countries the iShares products are registered or authorised for public distribution and on which principal European stock exchanges the iShares products domiciled in Europe are also listed. The iShares funds domiciled in the US are registered and listed on stock exchanges in the USA only.

    Selling Restrictions

    The iShares products are not offered or aimed at residents in any country in which (a) the iShares products are not authorised or registered for distribution and where to do so is contrary to the relevant country's securities laws, (b) the dissemination of information on the iShares products via the Internet is forbidden, and/or BAUL is not authorised or qualified to make such offer or invitation. This website and the information provided on this website should not be construed as an advertisement, an offer to sell, or a solicitation of an offer to buy any securities in the iShares products mentioned in this website, nor shall any such securities be offered or sold, in any country in which to do so is contrary to that country's securities laws.

    Specifically, the securities of the iShares products domiciled in Ireland, Germany Switzerland and Luxembourg have not been, and will not be registered under the Securities Act of 1933 of the USA (the “1933 Act”) or the securities laws of any of the states of the United States. Such securities may not be offered or sold directly or indirectly in the United States or for the account or benefit of any US Person, except pursuant to an exemption from, or in a transaction not subject to the regulatory requirement of the 1933 Act and any applicable state securities laws. Any re-offer or resale of any of the securities in the United States or to US Persons may constitute a violation of US law. “US Person” means any person or entity deemed by the US Securities Exchange Commission from time to time to be a “U.S. Person” under Rule 902(k) of the 1933 Act or other person or entity as the directors of the iShares Products (or their umbrella companies or managers) may determine. Securities of the iShares products domiciled in Ireland, Germany Switzerland and Luxembourg may not, except pursuant to a relevant exemption, be acquired or owned by, or acquired with the assets of an ERISA Plan. An “ERISA Plan” is defined as (i) any retirement plan subject to Title I of the United States Employee Retirement Income Security Act of 1974, as amended (ERISA); or, (ii) any individual retirement account or plan subject to Section 4975 of the United States Internal Revenue code of 1986, as amended.

    Additionally, securities of the iShares products domiciled in Ireland, Germany, Switzerland and Luxembourg may not, except pursuant to an exemption from, or in a transaction not subject to the regulatory requirements of, the Investment Company Act of 1940 of the USA, as amended (the "1940 Act"), or the US Commodity Exchange Act, as amended (the "CEA"), as the case may be, be acquired by a person who is deemed to be a US Person under the 1940 Act and regulations thereunder or a person who is deemed to be a US Person under the CEA and regulations thereunder.

    The iShares products domiciled in Ireland, Germany Switzerland and Luxembourg have not been, nor will they be, qualified for distribution to the public in Canada as no prospectus for any iShares product domiciled in Ireland, Germany, Switzerland or Luxembourg has been filed with any securities commission or regulatory authority in Canada or any province or territory thereof. This website is not, and under no circumstances is to be construed, as an advertisement or any other step in furtherance of a public offering of securities in Canada. No person resident in Canada for the purposes of Canadian income tax legislation may purchase or accept a transfer of securities of any iShares product domiciled in Ireland, Germany, Switzerland or Luxembourg unless he or she is eligible to do so under applicable Canadian or provincial laws.

    Users of this website are required to notify BAUL immediately by email if any information which a user is able to access on this website would cause the user, BlackRock or any iShares product to be in breach of applicable laws or regulations. In such event, the user shall (a) stop accessing this website, (b) destroy immediately any such information (and all copies) which has been downloaded or printed by the user from this website, (c) disregard such information, and (d) treat such information as confidential and not disseminate it.

    Risk Warnings

    Investment Risks


    iShares products may not be suitable for all investors and BlackRock does not guarantee the performance of the iShares products. Past performance is not a reliable indicator of future results. The value and price of securities (which may trade in limited markets) of the iShares products and the income from them may fall as well as rise and an investor may not recover the full amount invested. An investor’s income from iShares products is not necessarily fixed and may fluctuate. Where an investor invests in an iShares product denominated in a currency other than that of the country in which the investor is resident, the return to the investor may increase or decrease as a result of currency fluctuations.

    Exchange rate movements can affect the value of investments involving exposure to foreign currencies.

    Any projections or examples (including calculations used therein) set out in this website are for illustrative purposes only and are not guaranteed to be accurate, complete or up to date.

    Tax levels, the tax status of the iShares products, the taxation of investors and any tax reliefs may change from time to time. Any change in the taxation legislation in any jurisdiction where an iShares product is registered, cross-listed, marketed or invested could affect the tax status of the iShares product, affect the value of the relevant iShares product’s investments in the affected jurisdiction, affect the relevant iShares product’s ability to achieve its investment objective, and/or alter the post tax returns to investors. The availability and value of any tax reliefs available to investors depend on the individual circumstances of investors. Any tax-related information in this website is not exhaustive and does not constitute legal or tax advice. Prospective investors are urged to consult their tax advisors with respect to their particular tax situations and the tax effects of an investment in the iShares products.

    Important information about iShares products is contained in the relevant prospectuses of the iShares products, copies of which can be obtained on this website or from your broker or financial adviser.  Please refer to the iShares products’ prospectuses for a full description of the risks of investing in the products.

    Securities of iShares products may be purchased or sold throughout the day on one or more stock exchanges (secondary market) through an authorised intermediary. Securities of iShares products may only be subscribed or redeemed directly with the relevant iShares product (primary market) by authorised participants in very large creation / redemption sizes.

    When making an investment in an iShares product, you are buying securities issued by a company that will be listed on one or more stock exchanges. The price of the securities will be determined by supply and demand. Such price will not necessarily be the same as the value per security of that iShares product’s assets. At any time the security price may be at a discount or premium to the asset value. However, because of the exchange traded structure, it is expected that a significant discount or premium of price to asset value will not be sustainable over the long term.

    Affiliated companies of BAUL may make markets in the securities of the iShares products.  Further, BlackRock, its employees and other funds managed by BlackRock may from time to time acquire or hold securities or holdings in the underlying securities of, or options on, any security of the iShares products and may as principal or agent buy or sell securities.

    In respect of the iShares Products mentioned herein, they are intended for information purposes only and do not constitute investment advice or a personal recommendation or an offer to sell or a solicitation of an offer to buy these iShares products.

    Exchange Traded Funds (ETFs)

    The capital return and income of each iShares fund are based on the capital appreciation and income on the securities it holds, less expenses incurred. Therefore, each iShares fund’s return may be expected to fluctuate in response to changes in such capital appreciation or income.  Additionally, the securities in an equity benchmark index may under-perform fixed income investments and stock market investments that track other markets, segments or sectors different to that of an iShares fund.  As foreign exchanges can be open on days when shares in an iShares fund are not priced, the value of the securities in an iShares fund’s portfolio may change on days when shareholders will not be able to purchase or sell an iShares fund’s shares.

    Certain iShares funds may use derivatives, details of which will be set out in the relevant prospectuses. The use of derivatives involves special risks and the iShares funds may be exposed to credit risk with regard to parties with whom it trades.

    An investment in an iShares fund often involves investing in international markets. In addition to the normal risks associated with investing, international investments involve the risk of losing all or part of any capital from unfavourable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. The value of investments in iShares funds investing in economies and markets which may be less developed than more established economies (including emerging markets), may be subject to greater volatility due to increased uncertainty as to how these markets operate and the possibility of lower trading volumes.

    Exchange Traded Commodities (ETCs)

    iShares Physical ETCs are exchange traded commodities and are neither fund nor exchange traded funds. The iShares Physical ETCs are series of secured metal-linked securities issued in the form of debt securities. Unlike the iShares funds domiciled in Ireland which issue shares, the securities of all iShares Physical ETCs are issued in the form of debt securities which are listed and traded as non-equity securities.

    Precious metal prices are generally more volatile than most other asset classes, making investment riskier and more complex than other investments. In addition, iShares Physical ETCs are limited recourse obligations which are payable solely out of the underlying secured property. If the secured property is insufficient, any outstanding claims will remain unpaid.

    Investment Advice

    The content of this website is general in nature and is meant to inform investors, potential investors and their professional intermediaries of the existence of, and potential benefits of investing in, iShares products. However, this website is not intended to provide specific investment advice including, without limitation, investment, financial, legal, accounting or tax advice, or to make any recommendations (personal recommendations or otherwise) about the suitability of iShares products for the circumstances of any particular investor. If you do require investment advice, please contact an independent broker or financial adviser. You should take appropriate advice as to any securities, taxation or other legislation affecting you personally prior to investing.

    Intellectual Property Rights

    iShares® and BlackRock® are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere.

    BLACKROCK, BLACKROCK SOLUTIONS, ALADDIN, iSHARES, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, and BUILT FOR THESE TIMES are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.

    Copyright, trademark and other forms of proprietary rights protect the content of this website. All content is owned or controlled by BAUL or the party credited as the provider of the content. Except as expressly provided herein, nothing in this website should be considered as granting any licence or right under any copyright, patent or trademark or other intellectual property rights of BlackRock or any third party. Any copying of information or data, especially the use of texts and graphics requires the prior approval of BAUL or the party credited as the provider of the content.

    SEDOL™ codes displayed on this website (a) remain the intellectual property of the London Stock Exchange plc and are published by BAUL under licence and (b) may not be redistributed by any persons accessing this website, unless such persons have obtained the prior written consent of the London Stock Exchange plc. SEDOL™ and SEDOL Masterfile™ are trademarks of the London Stock Exchange plc and are used under licence.

    Content and Use of this Website

    This website is for your personal and internal use and is not to be used for any commercial purposes (whether or not for profit) unless and to the extent you are a financial adviser seeking information about iShares products for your clients.

    As a user, you may not sell, copy, publish, distribute, transfer, modify, display, reproduce, and/or create any derivative works from the information or software on this website. You may not redeliver any of the pages, text, images, or content of this website using "framing" or similar technology. You acknowledge that you have no right to use the content of this website in any other manner.

    The contents of this website, including text, graphics, links and/or other items, have been prepared based upon sources, materials, and systems believed to be reliable and accurate, and are provided to you on an "as is" and "as available" basis.

    BlackRock makes no representations, and disclaims all, express, implied and statutory warranties of any kind to you or any third party, including, but not limited to, representations, and warranties regarding accuracy, timeliness, completeness, merchantability, fitness for any particular purpose, non-infringement of third-party rights, and/or freedom from computer viruses.

    Links to other websites are provided for your convenience, and are not to be construed as an endorsement by BlackRock of such websites, their content, products and/or services, or vice versa. BlackRock accepts no responsibility for any of the content (regardless of what form this content is in) and the use of such third party websites is at your own risk. BlackRock does not guarantee that any of the links are operational, and does not assume any responsibility for the consequences of any errors or omissions as a result of using these links.

    Internet software or transmission problems may produce inaccurate or incomplete copies of information and materials that may be downloaded and displayed on a user computer. BlackRock is not liable for any errors, changes, or omissions that occur during transmission or downloading of information and materials.

    Although BlackRock endeavours to update and ensure the accuracy of the content placed on this website, BlackRock does not warrant or guarantee the accuracy or correctness of it or of any other content, materials and/or offers placed on, featured or referred to in or made available by means of this website. Despite the exercise of all due care, some information on this website may have changed since the last update.  BlackRock also does not warrant or guarantee that this website, its operation of this website, the content of this website or the server that makes the website available are error or virus free or free of other harmful components or that your use of this website and its content will be uninterrupted.

    Exclusion of Liability

    In no event shall BlackRock be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with this website or the use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if BlackRock, or representatives thereof, are advised of the possibility of such damages, losses or expenses. BlackRock does not limit or exclude liability for death or personal injury resulting from its negligence or where this would be prohibited by law (including the Rules of the UK Financial Conduct Authority). Use of hyperlinks to other internet resources is at your own risk.

    If you are dissatisfied with the website or its content please contact BAUL on 0845 357 7000, but in any event your exclusive remedy is to discontinue your use of the website and such content.

    Claims Concerning Your Use Of Our Website

    Where a claim is brought against BlackRock by a third party in relation to your use of this website, you hereby agree to fully reimburse BlackRock for all losses, costs, actions, proceedings, claims, damages, expenses (including reasonable legal costs and expenses), or liabilities, whatsoever suffered or incurred directly by BlackRock in or as a consequence of your breach or non-observance of these terms and conditions and/or your improper use of this website.

    Neither party shall be liable to the other, for any loss or damage which may be suffered by the other party due to any cause beyond the first party's reasonable control including without limitation any power failure.

    Privacy

    If you provide BAUL with personal information through this website, BAUL will treat it in accordance with its privacy policy which can be found at privacy policy.

    The internet is not a fully secure medium, and whilst BlackRock will endeavour to secure any private and confidential information sent to BlackRock, the confidentiality and privacy of such information sent through the internet cannot be guaranteed.

    Anti Money Laundering

    As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the prospectuses or other constitutional documents of the relevant iShares Products.

    Telephone Calls

    For training, quality and verification purposes, telephone calls are usually recorded.

    Index Disclaimers

    "Barclays Capital Inc." and 'Barclays US Government Inflation-Linked Bond Index', 'Barclays US Treasury 1-3 Year Term Index', 'Barclays US Treasury 10 Year Term Index', 'Barclays UK Government Inflation-Linked Bond Index', 'Barclays Austria Treasury Bond Index', 'Barclays Belgium Treasury Bond Index', 'Barclays Emerging Markets Asia Local Govt Capped Bond', 'Barclays Emerging Markets Europe Local Govt Capped Bond', 'Barclays Emerging Markets Latin America Local Govt Capped Bond', 'Barclays Emerging Markets Local Govt Bond', 'Barclays Euro Aggregate Bond Index', 'iShares Barclays Euro Corporate Bond ex-Financials Interest Rate Hedged', 'Barclays Euro Corporate 1-5 Year Bond Index', 'Barclays  Euro Corporate ex Financials 1-5 Year Bond Index', 'Barclays Euro Corporate ex Financials Bond Index', 'Barclays Euro-Aggregate Financial Index', 'iShares Barclays Euro Corporate Bond Interest Rate Hedged', 'Barclays Euro Corporate Bond Index', 'Barclays Euro Short Treasury (0-12 Months) Bond Index', 'Barclays Euro Government Bond 10-15 yr Term Index', 'Barclays Euro Government Bond 1-3 Year Term Index', 'Barclays Euro Government Bond 15-30 Year Term Index', 'Barclays Euro Government Bond 5 Year Term Index', 'Barclays Euro Government Bond 5-7 yr Term Index', 'Barclays Euro Government Bond 10 Year Term Index', 'Barclays Euro Treasury Bond Index', 'Barclays Euro Government Inflation-Linked Bond Index', 'Barclays Finland Treasury Bond Index', 'Barclays France Treasury Bond Index', 'Barclays Germany Treasury Bond Index', 'Barclays Global Government AAA-AA Capped Bond Index', 'Barclays Global Aggregate Bond Index', 'Barclays Global Aggregate Corporate Index (EUR hedged)', 'Barclays Global Aggregate Corporate Bond Index', 'Barclays World Government Inflation-Linked Bond Index', 'Barclays Italy Treasury Bond Index', 'Barclays Netherlands Treasury Bond Index', 'Barclays EM Local Currency Govt Core 0-5 Index', 'Barclays Spain Treasury Bond Index' and 'Barclays US Aggregate Bond Index' are trademarks of Barclays Bank PLC and have been licensed for use for certain purposes by BlackRock Fund Advisors or its affiliates. iShares® is a registered trademark of BlackRock Fund Advisors or its affiliates.The Underlying Indices are maintained by Barclays Capital. Barclays Capital is not affiliated with the Funds, BFA, State Street, the Distributor or any of their respective affiliates.
    BFA has entered into a license agreement with the Index Provider to use the Underlying Indices. BFA, or its affiliates, sublicenses rights in the Underlying Indices to the Company at no charge.

    Copyright © 2014, Citigroup Index LLC. All rights reserved. CITIGROUP is a registered trademark and service mark of Citigroup Inc. or its affiliates, is used and registered throughout the world, and is used under license for certain purposes by BlackRock Advisors (UK) Limited and certain of its affiliates. Reproduction of the Citigroup data and information in any form is prohibited except with the prior written  permission of Citigroup Index LLC ('Citigroup'). iShares Global Government Bond UCITS ETF is not sponsored, endorsed, sold or promoted by Citigroup, and Citigroup makes no representation regarding the advisability of investing in such fund. Because of the possibility of human or mechanical error, Citigroup does not guarantee the accuracy, adequacy, completeness or availability of any data and information and is not responsible for any errors or omissions or for the results obtained from the use of such data and information. CITIGROUP GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall Citigroup be liable for any direct, indirect, special or consequential damages in connection with any use of the Citigroup data and information.

    DAX®, DivDAX®, eb.rexx®, MDAX® and TecDAX® are registered trademarks of Deutsche Börse AG.

    The EURO STOXX®, EURO STOXX® Banks, EURO STOXX® Health Care, EURO STOXX® Select Dividend 30, EURO STOXX® Technology, EURO STOXX® Telecommunications, STOXX® Asia/Pacific 600 Real Estate Cap, STOXX® EU Enlarged 15, STOXX® Europe 50 , STOXX® Europe 600 Automobiles & Parts, STOXX® Europe 600 Banks, STOXX® Europe 600 Basic Resources, STOXX® Europe 600 Chemicals, STOXX® Europe 600 Construction & Materials, STOXX® Europe 600 Financial Services, STOXX® Europe 600 Food & Beverage, STOXX® Europe 600 Health Care, STOXX® Europe 600 Industrial Goods & Services, STOXX® Europe 600 Insurance, STOXX® Europe 600 Media, STOXX® Europe 600 Oil & Gas, STOXX® Europe 600 Personal & Household Goods, STOXX® Europe 600 Real Estate Cap, STOXX® Europe 600 Retail, STOXX® Europe 600 Technology, STOXX® Europe 600 Telecommunications, STOXX® Europe 600 Travel & Leisure, STOXX® Europe600, STOXX® Europe 600 Utilities, STOXX® Europe Large 200, STOXX® Europe Mid 200, STOXX® Europe Select Dividend 30, STOXX® Europe Small 200, STOXX® Global Select Dividend 100 and STOXX® Americas 600 Real Estate Cap indices and the trademarks used in the index names are the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors. The indices are used under license from STOXX. The securities based on the indices are in no way sponsored, endorsed, sold or promoted by STOXX and/or its licensors and neither STOXX nor its licensors shall have any liability with respect thereto.

    "Dow Jones" andDow Jones Asia Pacific Select Dividend 30, Dow Jones China Offshore 50, Dow Jones Global Titans 50, Dow Jones Industrial Average and Dow Jones U.S. Select Dividend  are licensed for use for certain purposes by BlackRock Asset Management Deutschland AG.iShares Dow Jones Asia Pacific Select Dividend 30 UCITS ETF (DE), iShares Dow Jones China Offshore 50 UCITS ETF (DE), iShares Dow Jones Global Titans 50 UCITS ETF (DE), iShares Dow Jones Industrial Average UCITS ETF (DE) and iShares Dow Jones U.S. Select Dividend UCITS ETF (DE)  are not sponsored, endorsed, sold or promoted by Dow Jones and Dow Jones makes no representation regarding the advisability of investing in these products.

    S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones®” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by BlackRock Fund Advisors or its affiliates (“BlackRock”). The Dow Jones Asia/Pacific Select Dividend 30 Index, Dow Jones Industrial AverageSM and Dow Jones Emerging Markets Select Dividend are products of S&P Dow Jones Indices LLC or its affiliates, and have been licensed for use by BlackRock. The iShares Asia Pacific Dividend UCITS ETF, iShares Dow Jones Industrial AverageSM UCITS ETF and iShares Emerging Markets Dividend UCITS ETF   (the “Funds”) are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates, and none of S&P Dow Jones Indices LLC, Dow Jones, S&P nor their respective affiliates makes any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with the companies listed above. Index data source: S&P Dow Jones Indices LLC.

    The “Dow Jones Sustainability World Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM and Dow Jones Sustainability Europe Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM" is a joint product of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"), and SAM Indexes GmbH (“SAM”), and has been licensed for use.  "Dow Jones®", "[DJSI Index]SM" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed for use for certain purposes by BlackRock Advisors (UK) Limited.  Dow Jones, CME Indexes, SAM and their respective affiliates have no relationship to [licensee], other than making of the “Dow Jones Sustainability World Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM and Dow Jones Sustainability Europe Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments, Firearms and Adult Entertainment SM"(the "Index") and their respective service marks available for use in connection with the iShares.

    The Dow Jones-UBS Commodity IndexesSM are a joint product of Dow Jones Opco, LLC (“Dow Jones Opco”), a subsidiary of S&P Dow Jones Indices LLC, and UBS Securities LLC (“UBS”), and have been licensed for use.  Dow Jones® and DJ are trademarks of Dow Jones Trademark Holdings LLC. UBS® is a registered trademark of UBS AG. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC. BlackRock Asset Management Deutschland AG's iShares Dow Jones-UBS Commodity Swap UCITS ETF (DE) based on the 0, is not sponsored, endorsed, sold or promoted by Dow Jones, UBS, Dow Jones Opco or any of their respective subsidiaries or affiliates, and none of Dow Jones, UBS, Dow Jones Opco or any of their respective affiliates, makes any representation regarding the advisability of investing in such product.

    Euronext Indices B.V. has all proprietary rights with respect to the AEX-index® (the 'Index'). In no way Euronext Indices B.V. sponsors, endorses or is otherwise involved in the issue and offering of the product. Euronext Indices B.V. disclaims any liability to any party for any inaccuracy in the data on which the Index is based, for any mistakes, errors, or omissions in the calculation and/or dissemination of the Index, or for the manner in which it is applied in connection with the issue and offering thereof. 'AEX®' and 'AEX-index®' are registered trademarks of Euronext N.V. or its subsidiaries.

    'FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT') and is used by FTSE International Limited ('FTSE') under licence. The FTSE BRIC 50 Index, FTSE China 25 Index, FTSE 100 Index, FTSE 250 Index, FTSE UK Dividend + Index, FTSE UK Conventional Gilts - Up To 5 Years Index and FTSE Actuaries Government Securities UK Gilts All Stocks Index are calculated by or on behalf of FTSE International Limited ('FTSE'). None of the Exchange, the FT nor FTSE sponsors, endorses or promotes iShares BRIC 50 UCITS ETF, iShares China Large Cap UCITS ETF, iShares FTSE 100 UCITS ETF (Acc), iShares FTSE 100 UCITS ETF (Inc), iShares FTSE 250 UCITS ETF, iShares UK Dividend UCITS ETF, iShares UK Gilts 0-5yr UCITS ETF and iShares UK Gilts UCITS ETF nor is in any way connected to the funds or accepts any liability in relation to their issue, operation and trading. All copyright and database rights within the index values and constituent list vest in FTSE. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright and database rights in the creation of these products.

    The FTSE 100 is calculated by FTSE international Limited. FTSE does not sponsor, endorse or promote iShares FTSE 100 (DE). All copyright in the index values and constituent lists vests in FTSE. BlackRock Asset Management Deutschland AG has obtained full license from FTSE to use such copyright in the creation of this product. 'FTSETM' is a trade mark jointly owned by the London Stock Exchange Limited and The Financial Times Limited and is used by FTSE international Limited under license.

    'FTSE®' is a trade mark of the London Stock Exchange plc and the Financial Times Limited, 'MIB' is a trade mark of Borsa Italiana SpA ('Borsa Italiana') and both are used by FTSE International Limited ('FTSE') under licence. The FTSE MIB Index is calculated by FTSE with the assistance of Borsa Italiana. Neither FTSE nor its licensors nor Borsa Italiana sponsor, endorse or promote the iShares FTSE MIB UCITS ETF (Acc) and iShares FTSE MIB UCITS ETF (Inc) and are not in any way connected to it and do not accept any liability in relation to its issue, operation and trading. All copyright in the index values and constituent list vest in FTSE. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright in the creation of this product.

    FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT'), 'NAREIT®' is a trade mark of the National Association of Real Estate Investment Trusts ('NAREIT') and 'EPRA®' is a trade mark of the European Public Real Estate Association ('EPRA') and all are used by FTSE under licence. The FTSE EPRA/NAREIT Developed Asia Dividend+ Index, FTSE EPRA/NAREIT Developed Dividend+ Index, FTSE EPRA/NAREIT Developed Europe ex UK Dividend+ Index, FTSE EPRA/NAREIT UK Index and FTSE EPRA/NAREIT United States Dividend + Index are calculated by FTSE International Limited ('FTSE'). None of the Exchange, the FT, FTSE, Euronext N.V., NAREIT nor EPRA sponsors, endorses or promotes iShares Asia Property Yield UCITS ETF, iShares Developed Markets Property Yield UCITS ETF, iShares European Property Yield UCITS ETF, iShares UK Property UCITS ETF and iShares US Property Yield UCITS ETF nor is in any way connected to the funds or accepts any liability in relation to their issue, operation and trading. All copyright and database rights within the index values and constituent list vest in FTSE, Euronext N.V., NAREIT and EPRA. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright and database rights in the creation of these products.

    'FTSE®' is a trade mark jointly owned by the London Stock Exchange plc and the Financial Times Limited (the 'FT'). 'FTSEurofirst®' is a trademark jointly owned by FTSE International Limited ('FTSE') and Euronext N.V ('Euronext'). The FTSEurofirst 100 Index and FTSEurofirst 80 Index are compiled and calculated by or on behalf of FTSE. None of the Exchange, the FT, FTSE or Euronext sponsors, endorses or promotes iShares FTSEurofirst 100 UCITS ETF and iShares FTSEurofirst 80 UCITS ETF nor is in any way connected to the funds or accepts any liability in relation to their issue, operation and trading. All copyright and database rights within the index values and constituent list vest in FTSE and Euronext. BlackRock Advisors (UK) Limited has obtained full licence from FTSE to use such copyright and database rights in the creation of these products.

    'FTSE®' is a trade mark jointly owned by the London Stock Exchange ('Exchange') and the Financial Times Limited ('FT'), 'Macquarie™' is a trade mark of Macquarie Bank Limited and its related entities and both marks are used by FTSE International Limited ('FTSE') under licence. None of FTSE, Macquarie, the Exchange nor the FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index and none of FTSE, Macquarie, the Exchange nor FT shall be under any obligation to advise any person of any error therein. BlackRock Advisors (UK) Limited has obtained a licence from FTSE to use such copyrights and database rights in the creation of iShares FTSE/Macquarie Global Infrastructure 100.

    The Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, iBoxx, Markit iBoxx USD Liquid Investment Grade 0-5 Index, Markit iBoxx USD Liquid High Yield 0-5 Capped Index, Markit iBoxx USD Liquid Investment Grade Ultrashort Index, Markit iBoxx GBP Non-financials Index, Markit iBoxx GBP Liquid Investment Grade Ultrashort Index, Markit iBoxx € Covered Index, Markit iBoxx EUR Sovereigns 1-3Y (Mid), Markit iBoxx EUR Sovereigns 3-7Y (Mid), Markit iBoxx EUR Sovereigns 7-10Y (Mid), Markit iBoxx Euro Sovereigns Inflation-Linked Index Nom. (Mid), Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, Markit iBoxx Global Developed Markets Liquid High Yield Capped (CHF Hedged), Markit iBoxx Global Developed Markets Liquid High Yield Capped (GBP Hedged) and Markit iBoxx Global Developed Markets Liquid High Yield Capped Index referenced herein are the property of Markit Indices Limited and is used under license. The iShares $ Corporate Bond Interest Rate Hedged UCITS ETF, iShares $ Corporate Bond UCITS ETF, iShares $ High Yield Corporate Bond UCITS ETF, iShares $ Short Duration Corporate Bond UCITS ETF , iShares $ Short Duration High Yield Corporate Bond UCITS ETF, iShares $ Ultrashort Bond UCITS ETF, iShares £ Corporate Bond 1-5yr UCITS ETF , iShares £ Corporate Bond ex-Financials UCITS ETF, iShares £ Corporate Bond UCITS ETF, iShares £ Ultrashort Bond UCITS ETF, iShares Euro Corporate Bond Large Cap UCITS ETF, iShares Euro Covered Bond UCITS ETF, iShares Euro Government Bond 1-3 UCITS ETF (Acc), iShares Euro Government Bond 3-7 UCITS ETF (Acc), iShares Euro Government Bond 7-10 UCITS ETF (Acc), iShares Euro High Yield Corporate Bond UCITS ETF, iShares Euro Inflation Link Bond UCITS ETF, iShares Euro Ultrashort Bond UCITS ETF, iShares Global High Yield Corp Bond CHF Hedged UCITS ETF, iShares Global High Yield Corp Bond GBP Hedged UCITS ETF and iShares Global High Yield Corp Bond UCITS ETF are not sponsored, endorsed, or promoted by Markit Indices Limited.

    Markit iBoxx is a registered trade mark of Markit Indices Limited and has been licensed for use by BlackRock Asset Management Deutschland AG. Markit Indices Limited does not approve, endorse or recommend BlackRock Asset Management Deutschland AG or iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE), iShares Euro Government Bond Capped 1.5-2.5yr UCITS ETF (DE), iShares Euro Government Bond Capped 10.5+yr UCITS ETF (DE), iShares Euro Government Bond Capped 2.5-5.5yr UCITS ETF (DE) and iShares Euro Government Bond Capped 5.5-10.5yr UCITS ETF (DE). These products are not sponsored, endorsed or sold by Markit Indices Limited and Markit Indices Limited makes no representation regarding the suitability of investing in the products.

    "J.P. Morgan" and "J.P. Morgan EMBISM Global Core Index" are trademarks of JPMorgan Chase & Co. licensed for use for certain purposes by BlackRock Institutional Trust Company, N.A. ("BTC"). iShares® is a registered trademark of BTC.J.P. Morgan is the Index Provider for the Underlying Index. J.P. Morgan is not affiliated with the Fund, BFA, State Street, the Distributor or any of their respective affiliates.
    J.P. Morgan provides financial, economic and investment information to the financial community. J.P. Morgan calculates and maintains the J.P. Morgan EMBISM Global Core Index, J.P. Morgan Emerging Markets Bond Index Plus, J.P. Morgan Emerging Markets Bond Index Global and Emerging Markets Bond Index Global Diversified. Security additions and deletions into the emerging markets bond indexes do not in any way reflect an opinion in the investment merits of the security.

    Markit iBoxx is a registered trade mark of Markit Indices Limited and has been licensed for use by BlackRock Advisors (UK) Limited. Markit Indices Limited does not approve, endorse or recommend BlackRock Advisors (UK) Limited or iShares plc. This product is not sponsored, endorsed or sold by IIC and IIC makes no representation regarding the suitability of investing in this product.

    The Fund is not sponsored, endorsed, sold or promoted by Morningstar. Morningstar makes no representation or warranty, express or implied, to the owners of shares of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly or the ability of the Morningstar Emerging Markets Corporate Bond Index (the “Index”) to track general stock market performance. Morningstar’s only relationship to the Company or to the BlackRock group is the licensing to the BlackRock group of certain trademarks and trade names of Morningstar and of the Index which is determined, composed and calculated by Morningstar without regard to the BlackRock group, the Company or the Fund. Morningstar has no obligation to take the needs of the BlackRock group or the owners of the shares of the Fund into consideration in determining, composing or calculating the Index. Morningstar is not responsible for and has not participated in the determination of the prices and amount of shares of the Fund, or the timing of the issuance or sale of such shares or in the determination or calculation of the equation by which shares of the Fund are to be converted into cash. Morningstar has no obligation or liability in connection with the administration, marketing or trading of shares of the Fund. Morningstar does not guarantee the accuracy or the completeness of the Index or any data included therein and Morningstar shall have no liability for any errors, omission, or interruptions therein.

    Morningstar makes no warranty, express or implied, as to results to be obtained by the BlackRock group, owners of shares of the Fund or any other person or entity from the use of the Index or any data included therein. Morningstar makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall Morningstar have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) resulting from the use of the Index or any data included therein, even if notified of the possibility of such damages.