| Investment Objective: |
The iShares Low Carbon Optimized MSCI ACWI ETF (the "Fund") seeks to track the investment results of the MSCI ACWI Low Carbon Target Index (the "Underlying Index"), which has been developed by MSCI Inc. (the "Index Provider" or "MSCI"). The Underlying Index is designed to address two dimensions of carbon exposure - carbon emissions and potential carbon emissions from fossil fuel reserves. By overweighting companies with low carbon emissions relative to enterprise value including cash ("EVIC") and those with low potential carbon emissions from fossil fuel reserves relative to market capitalization, the Underlying Index aims to reflect a lower carbon exposure than that of the broad market. The Underlying Index is designed to achieve a target level of tracking relative to the MSCI ACWI Index. The Underlying Index is a subset of the Parent Index that measures the combined equity market performance of developed and emerging market countries. The index composed of large and mid-capitalization developed and emerging market equities with a lower carbon exposure than that of the broad market. |
