iShares Global Green Bond ETF

NAV as of Feb 15, 2019 USD 51.48
1 Day NAV Change as of Feb 15, 2019 0.00 (0.01%)
NAV Total Return as of Feb 15, 2019 YTD: 1.63% YTD (year to date) is a period, starting from the beginning of the current calendar year, and continuing up to the prior day's close.
Fees as stated in the prospectus Expense Ratio: 0.25%
Net Expense Ratio: 0.20% BlackRock Fund Advisors, the investment adviser to the Fund and an affiliate of BlackRock Investments, LLC, has contractually agreed to waive a portion of its management fees through Mar 1, 2020. Please see the Fund’s prospectus for additional details.

Overview

Why BGRN?

1. Exposure to investment grade global green bonds where the use of proceeds are directly tied to promote climate or other environmental sustainability purposes through independent evaluation.

2. Pursue a measurable environmental impact from your investment.

3. Use to seek income from global investment grade bonds.

Investment Objective

The iShares Global Green Bond ETF (the “Fund”) seeks to track the investment results of an index composed of global investment-grade green bonds that are issued to fund environmental projects, while mitigating exposure to currency fluctuations versus the U.S. dollar.

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Performance

Returns

Annualized
Cumulative
Calendar Year

	1Y	3Y	5Y	10y	Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	-	-	-	-	-
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).	-	-	-	-	-
Benchmark (%) Index: Bloomberg Barclays MSCI Green Bond Select (USD Hedged) Index	-	-	-	-	-
After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold.	-	-	-	-	-
After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares.	-	-	-	-	-

Missing average annual returns data

	YTD	1m	3M	6M	1Y	3Y	5Y	10y	Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	1.20	1.20	-	-	-	-	-	-	2.88
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).	1.22	1.22	-	-	-	-	-	-	3.26
Benchmark (%) Index: Bloomberg Barclays MSCI Green Bond Select (USD Hedged) Index	1.25	1.25	2.66	-	-	-	-	-	2.68
After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold.	1.20	1.20	-	-	-	-	-	-	2.79
After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares.	0.71	0.71	-	-	-	-	-	-	1.70

Missing cumulative returns data

	2014	2015	2016	2017	2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	-	-	-	-	-
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).	-	-	-	-	-
Benchmark (%) Index: Bloomberg Barclays MSCI Green Bond Select (USD Hedged) Index	-	-	-	-	-

Missing calendar year returns data

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

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

Performance chart data not available for display.

Distributions

Ex-Date	Total Distribution	Income

Distributions Schedule

Ex-Date	Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end.	Income	ST Cap Gains	LT Cap Gains	Return on Capital

Premium/Discount

Key Facts

Net Assets as of Feb 15, 2019 USD 25,737,570

Inception Date Nov 13, 2018

Exchange NASDAQ

Asset Class Fixed Income

Benchmark Index Bloomberg Barclays MSCI Global Green Bond Select (USD Hedged) Index

Bloomberg Index Ticker H34091US

Shares Outstanding as of Feb 15, 2019 500,000

Number of Holdings The number of holdings in the fund excluding cash positions and derivatives such as futures and currency forwards. as of Feb 15, 2019 187

Premium/Discount The amount the Fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund’s NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund’s NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number. as of Feb 15, 2019 0.25%

CUSIP 46435U440

Closing Market Price The Closing Market Price is the price of the last reported trade on the fund's primary exchange (see "Exchange above) as of Feb 15, 2019 51.65

Mid-Point Market Price The midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm eastern time for most funds). as of Feb 15, 2019 51.61

Options Available No

as of Feb 18, 2019 701.55

Volume - 1d as of Feb 15, 2019 1,508.00

Portfolio Characteristics

Equity Beta (3y) as of - -

Standard Deviation (3y) Standard deviation measures how dispersed returns are around the average. A higher standard deviation indicates that returns are spread out over a larger range of values and thus, more volatile. -

Distribution Yield The annual yield an investor would receive if the most recent fund distribution and current fund price stayed the same going forward. It’s calculated by annualizing the most recent distribution and dividing by the fund’s net asset value (NAV) from the as-of date. as of Feb 14, 2019 1.61%

12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. as of Feb 13, 2019 0.00%

30 Day SEC Yield A standard calculation developed by the SEC in order to provide fairer comparison among funds. It is based on the most recent 30-day period, this yield reflects the interest earned during the period by the average investor in the fund, after deducting the fund's expenses for the period. as of Feb 14, 2019 1.46%

Weighted Avg Coupon Weighted Average Coupon is the average coupon rate of the underlying bonds in the fund, weighted by its relative size in the portfolio. as of Feb 15, 2019 1.70%

Effective Duration A measure of the responsiveness of a bond's or portfolio's price to changes in interest rates. Effective Duration adjusts for changes in projected cash flows as a result of yield changes, accounting for embedded optionality. as of Feb 15, 2019 6.75 yrs

Weighted Avg Maturity Weighted Average Maturity is the length of time until the average security in the fund will mature or be redeemed by its issuer. It indicates a fixed income fund's sensitivity to interest rate changes. Longer average weighted maturity implies greater volatility in response to interest rate changes. This metric considers the likelihood that bonds will be called or prepaid. as of Feb 15, 2019 7.76 yrs

Option Adjusted Spread Additional yield the portfolio earns over a similar duration US Treasury security, measured in basis points. as of Feb 15, 2019 80

Average Yield to Maturity The discount rate that equates the present value of a bond’s cash flows with its market price (including accrued interest). The Fund Average Yield to Maturity is the weighted average of the fund’s individual bond holding yields based on Net Asset Value (‘NAV’). The measure does not include fees and expenses. For callable bonds, this yield is the yield-to-worst. as of Feb 15, 2019 1.56%

Fees

as of current prospectus

Management Fee The annual fee payable by the fund and/or any underlying ETF(s) to BlackRock Canada and/or its affiliates for acting as trustee and/or manager of the fund/ETF(s).<br><br>For CBD, CBD.A, CBN and CBN.A, the annual fee payable by the fund to BlackRock Canada for acting as trustee and manager of the fund.	0.25
Acquired Fund Fees and Expenses Acquired Fund Fees and Expenses (“AFFE”) reflect the Fund's pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds, such as mutual funds, business development companies, or other pooled investment vehicles. AFFE are reflected in the prices of the acquired funds and thus included in the total returns of the Fund.	0.00
Foreign Taxes and Other Expenses	0.00
Expense Ratio As stated in the Fund’s current prospectus.	0.25

Fee Waivers BlackRock Fund Advisors, the investment adviser to the Fund and an affiliate of BlackRock Investments, LLC, has contractually agreed to waive a portion of its management fees through Mar 1, 2020. Please see the Fund’s prospectus for additional details.	0.05

Net Expense Ratio	0.20

as of Feb 15, 2019

Issuer	Weight (%)
EUROPEAN INVESTMENT BANK	9.18
FRANCE (REPUBLIC OF)	7.46
KFW	6.36
NEDERLANDSE WATERSCHAPSBANK NV	2.67
TENNET HOLDING BV	2.26

Issuer	Weight (%)
ENGIE SA	2.23
ASIAN DEVELOPMENT BANK	2.07
BELGIUM (KINGDOM OF)	2.05
ELECTRICITE DE FRANCE SA	1.94
IBERDROLA INTERNATIONAL BV	1.75

ISIN	Name	Sector	SEDOL	Market Value	Weight (%)	Price	Maturity	Coupon (%)	Duration	Notional Value	YTM (%)	Yield to Worst (%)	Par Value

Name Name of the underlying security	Asset Class	Weight (%)	Price	Market Value	Notional Value	Sector	SEDOL	ISIN	Coupon (%)	Maturity	YTM (%)	Yield to Worst (%)	Duration	Par Value

Download Holdings Detailed portfolio holdings information and select key analytics

Holdings are subject to change

Exposure Breakdowns

Geography
Sector
Maturity
Credit Quality

as of Feb 15, 2019

% of Market Value

Type	Fund

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Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.

as of Feb 15, 2019

% of Market Value

Type	Fund

Show All Show Fewer

as of Feb 15, 2019

% of Market Value

Type	Fund

Show All Show Fewer

The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of Feb 15, 2019

% of Market Value

Type	Fund

Show All Show Fewer

Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Price Yield Calculator

The calculator provides clients with an indication of an ETF's yield and duration for a given market price. The ACF Yield is the discount rate that equates the ETF's aggregate cash flows (i.e., the sum of the cash flows of the ETF's holdings) to a given ETF price. The cash flows are based on the yield to worst methodology in which a bond's cash flows are assumed to occur at the call date (if applicable) or maturity, whichever results in the lowest yield for that bond holding. For a given ETF price, this calculator will estimate the corresponding ACF Yield and spread to the relevant government reference security yield. Note that the ACF Yield will differ from the ETF's "Weighted Avg YTM For more information on Aggregate Cash Flow Yield, see info here. The Aggregate Cash Flow (“ACF”) Yield is the discount rate that equates the aggregate cash flows of the ETF's individual fund holdings (specifically the cash flows corresponding to the lower of the yield to call or yield to maturity of a given security) to a stated market price. In contrast, the weighted average yield to maturity is a market value weighted average of the yields of the ETF's individual holdings based on the prior day's net asset value. The ACF Yield allows an investor to compare the yield and spread for varying ETF market prices in order to help understand the impact of intraday market movements. The ACF of the ETF is the sum of the individual bond cash flows “to worst” (i.e. either to call or to maturity, whichever results in the lowest yield for the ETF). The ACF Yield does not make any adjustments based on the cost incurred to acquire an ETF or the impact of the ETF’s management fee.

		Feb 15, 2019 These figures are for Yield to Worst
Price		51.65
Discount rate that equates the present value of the Aggregate Cash Flows using the yield to worst (i.e., the cash flows of the bond to the call date or maturity, whichever results in the lowest yield) for each individual bond holding. Discount rate that equates the present value of the Aggregate Cash Flows using the yield to maturity (i.e., the cash flows of the bond to the final maturity) of each individual bond holding.		1.62
Modified Duration The modified duration of the "to worst" aggregate cash flows of the fund based on the ACF yield and ETF market price. Unlike Effective Duration, the Modified Duration metric does not account for projected changes in the bond cash flows due to a change in interest rates.		6.94
Spread of ACF Yield (1.62) over 7.00 yr Treasury Yield (2.57) Feb 15, 2019 is -94.59 The difference of the calculated ACF Yield of the fund and the yield of the relevant U.S. Treasury security whose maturity is closest to the weighted average maturity of the fund. The spread value is updated as of the COB from previous trading day.
Data error, please try again later

Results generated are for illustrative purposes only and are not representative of any specific investments outcome. For standardized performance, please click the ‘returns’ tab above.

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Important Information

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

The Fund’s green bond investment strategy limits the types and number of investment opportunities available to the Fund and, as a result, the Fund may underperform other funds that do not have a green bond focus. The Fund’s green bond investment strategy may result in the Fund investing in securities or industry sectors that underperform the market as a whole or underperform other funds with a green bond focus. In addition, projects funded by green bonds may not result in direct environmental benefits.

Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Performance would have been lower without such waivers.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.

Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Certain sectors and markets perform exceptionally well based on current market conditions and iShares Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated.

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Barclays, Bloomberg Finance L.P., BlackRock Index Services, LLC, BofA Merrill Lynch, Cohen &amps Steers Capital Management, Inc., European Public Real Estate Association ("EPRA®"), FTSE International Limited ("FTSE"), India Index Services & Products Limited, Interactive Data, JPMorgan Chase & Co., Japan Exchange Group, MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts ("NAREIT"), New York Stock Exchange, Inc., Russell or S&P Dow Jones Indices LLC. None of these companies make any representation regarding the advisability of investing in the Funds. With the exception of BlackRock Index Services, LLC, who is an affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above.

Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Equity REITS Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index or FTSE EPRA/NAREIT Global REIT Index; all rights vest in FTSE, NAREIT and EPRA.“FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under license.

Certain information © 2019 MSCI ESG Research LLC. Reproduced by permission; no further distribution. MSCI ESG Research

Certain information contained herein (the “Information”) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (“MSCI”)), or third party suppliers (each an “Information Provider”), and it may not be reproduced or redisseminated in whole or in part without prior written permission. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between equity index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.

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Performance

Performance

Returns

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

Distributions

Premium/Discount

Key Facts

Key Facts

Portfolio Characteristics

Portfolio Characteristics

Fees

Fees

Holdings

Holdings

Exposure Breakdowns

Exposure Breakdowns

Price Yield Calculator

Price Yield Calculator

Literature

Literature

Important Information