ISHARES II PLC MSCI USA ISLMIC UCITS ETF USD DIST USD

Objectives and Approach

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the MSCI USA Islamic Index, the Fund’s benchmark index (Index). The Share Class, via the Fund is passively managed and aims to invest so far as possible and practicable, and in a manner consistent with Shari’ah principles, in the equity securities (e.g. shares) that make up the Index. Shari’ah principles are the rules, precepts and parameters of Islamic law as interpreted by Islamic scholars including, in this instance, by the BlackRock Shari’ah Panel (a panel of Islamic scholars appointed to provide guidance relating to the Fund’s compliance with Shari’ah principles). The Index measures the performance of large and mid capitalisation stocks of the US equity market that are eligible investments for Islamic investors. The Index applies stringent screens to exclude certain securities based on Sharia principles in agreement with the Sharia board appointed by the index provider. The Index is weighted by market capitalisation Market capitalisation is the share price of the company multiplied by the number of shares issued. The Fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar proportions to it. This Fund is determined to be compliant with Shari’ah principles and targeted at Islamic investors. However, subscription is open to any other investor. To the extent compliant with Shari’ah principles, the Fund may invest in American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and other funds to gain exposure to the relevant equity securities that make up the Index. ADRs and GDRs are investments issued by financial institutions which give exposure to underlying equity securities. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index. Your shares will be distributing shares (i.e. income will be paid out semi-annually on the shares). The dividends may include a portion of ‘impure income’ (i.e. income prohibited under Shari'ah principles) which will be notified to investors. Islamic investors will be responsible for the purification of any such impure income in accordance with Shari'ah principles (e.g. by donation to charity).