IShares, part of the BlackRock family, specialises in exchange-traded funds (ETFs) engineered to help you meet your investment goals. As a result of the application of the ESG selection criteria of the Benchmark Index, the portfolio of the Fund is expected to be reduced compared to the S&P Global BMI Energy, a broad market index comprised of equity securities. For more information about how metrics that are presented with sustainability indicators are calculated, please see the Fund’s annual report. Business activity
• Where 20% or more of its revenue attributable to products and/or services is systematically mapped as contributing to Environmental and/or Social Objectives using third-party vendor data. The Fund seeks to track the performance of the Benchmark Index which incorporates certain ESG criteria in the selection of constituents, according to its methodology (outlined above in Section C and detailed in section L).
- Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity.
- Engagement also allows the portfolio management team to provide feedback on company practices and disclosures.
- In addition, iShares Physical ETCs are limited recourse obligations which are payable solely out of the underlying secured property.
- BlackRock 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.
- 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.
The cookie will expire after six months, or sooner should there be a material change to this important information. BlackRock provides compensation in connection with obtaining transferwise stock or using third-party ratings and rankings. IShares funds are available through online brokerage firms.All iShares ETFs trade commission free online through Fidelity.
This Fund promotes environmental or social characteristics, but does not have as its objective sustainable investment. Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund’s market value exposure to the listed Business Involvement areas above. 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. Such price will not necessarily be the same as the value per security of that iShares product’s assets. 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.
Cumulative Performance
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. 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. 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”). At each index rebalance, the index provider applies the ESG selection criteria to its starting universe to exclude issuers that do not meet such ESG selection criteria. BlackRock continues to work with a broad range of market participants to improve data quality.
BlackRock also monitors the tracking error of the Fund and reports this to investors as part of the annual and semi-annual report and accounts. Information on the anticipated tracking error is also published in the Fund’s prospectus. BlackRock monitors Fund and index-level data to track the Fund’s adherence to these characteristics as at each rebalance. The strategy is implemented at each portfolio rebalance of the Fund, which follows the index rebalance of its Benchmark Index. This chart shows the fund’s performance as the percentage loss or gain per year over the last 10 years against its benchmark.
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. 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. 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.
These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document. At each index rebalance, all investments qualifying as sustainable are assessed against certain minimum environmental and social indicators. As part of the assessment, companies are assessed on their involvement in activities deemed to have highly negative environmental and social impacts. Where a company has been identified as being involved in activities with highly negative environmental and social impacts, it shall not be eligible as a sustainable investment. Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics.
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. This Fund seeks to achieve the environmental and social characteristics it promotes by tracking the performance of the S&P Global Clean Energy Index, its Benchmark Index, which incorporates the index provider’s ESG selection criteria.
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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. In respect of the products mentioned this document is intended for information purposes only and does not constitute investment advice or an offer to sell or a solicitation of an offer to buy the securities described within. This document may not be distributed without authorisation from BlackRock Advisors (UK) Limited. 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.
- The Investment Manager does not perform direct engagement with the companies / issuers within the index but does engage directly with the index and data providers to ensure better analytics and stability in ESG metrics.
- 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.
- For more information regarding the fund’s investment strategy, please see the fund’s prospectus.
- Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.
As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. Since 1999, we’ve been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. We also accept selected physically replicating Equity, Government Bond, Credit and Commodity ETFs as collateral. Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral
taken will exceed the overall on-loan value.
Stock exchange
IShares products may not be suitable for all investors and BlackRock does not guarantee the performance of the iShares products. 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. 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.
Explore sustainability challenges and get help deciding if sustainable ETFs are right for your portfolio. We provide guidance with ETF comparisons, portfolio strategies, portfolio simulations and investment guides. For further SFDR related fund/sub-fund level disclosures, please refer to the fund/ sub-fund specific Investment Objective and Policy section(s) https://bigbostrade.com/ and benchmark information in the prospectus that is available on the website. At each index rebalance, (or as soon as reasonably possible and practicable thereafter), the portfolio of the Fund is also rebalanced in line with its Benchmark Index. The Benchmark Index uses S&P GICS General Utilities + Trucost Power Generation UN SDG-link data.
Securities Lending
The definition of the baseline screens and its adoption into sustainable screened funds is governed by the Sustainable Product Council (“SPC”). The current default ESG data provider for these Baseline Screens is MSCI but investment teams can choose to use Sustainalytics or other custom data sources as required. ESG datasets are sourced from external third-party data providers and index providers, including but not limited to MSCI, Sustainalytics, Refinitiv, S&P and Clarity AI.
Fixed income securities
• Where a fund invests in a use-of-proceeds bond, such use-of-proceed bond will be a Sustainable Investment where the use of proceeds substantially contributes to an Environmental and/or Social Objective as determined by fundamental assessment. In the event that any investments cease to comply with the ESG requirements of the Benchmark Index, the Fund may continue to hold such investments until such time as the relevant securities cease to form part of the Benchmark Index and it is possible and practicable (in the Investment Manager’s view) to liquidate the position. The Fund’s annual report will include information on the principal adverse impacts on sustainability factors set out below. In the event that any investments cease to comply with the ESG requirements of the Benchmark Index, the Fund may continue to hold such investments only until such time as the relevant securities cease to form part of the Benchmark Index and it is possible and practicable (in the Investment Manager’s view) to liquidate the position. The Benchmark Index is designated as a reference benchmark to determine whether the Fund is aligned with the environmental and/or social characteristics that it promotes.
Companies are then selected for inclusion in the Benchmark Index on the basis of their exposure scores to the clean energy business, as determined by the index provider. These environmental and social characteristics are incorporated through the selection of constituents in the Fund’s Benchmark Index at each index rebalance (as described below). Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.
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’). All copyright and database rights within the index values and constituent list vest in FTSE. 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. Issuers which are classified as violating or are at risk of violating commonly accepted international norms and standards, enshrined in the UNGC Principles, the OECD Guidelines for Multinational Enterprises, the UNGPs and their underlying conventions shall not qualify as Sustainable Investments. Companies categorised in accordance with the index methodology as having a “maximum”, “significant” or “moderate” clean energy exposure scores may be included in the Benchmark Index.
These datasets may include headline ESG scores, carbon emissions data, business involvement metrics or controversies and have been incorporated into Aladdin tools that are available to Portfolio Managers and employed in BlackRock investment strategies. Such tools support the full investment process, from research, to portfolio construction and modelling, to reporting. These sustainable investments will be a mix of sustainable investments with either an environmental objective that is not committed to align with the EU Taxonomy or a social objective or a combination of the two. The combination of sustainable investments with an environmental or social objective may change over time depending on the activities of the issuers within the Benchmark Index. The assessment of the Fund’s investments qualifying as sustainable is determined on or around each index rebalance, where the Fund’s portfolio is rebalanced in line with its Benchmark Index.
Read our 2023 iShares Report on Investor Progress to see how we empower more and more investors.
