iShares iBoxx $ High Yield ex Oil & Gas Corporate

The iShares ESG Advanced High Yield Corporate Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated high yield corporate bonds from issuers with a favorable environmental, social and governance rating as identified by the index provider, while applying extensive screens for involvement in controversial activities. The Fund seeks to track the investments results of the Bloomberg Barclays MSCI US High Yield Choice ESG Screened Index (the Underlying Index), developed by Bloomberg Barclays Capital, Inc. (the Index Provider or Bloomberg Barclays) with environmental, social and governance (ESG) rating inputs from MSCI ESG Research LLC (MSCI ESG Research) pursuant to an agreement between MSCI ESG Research and Bloomberg Index Services Limited (a subsidiary of Bloomberg Barclays) or an affiliate. The Underlying Index is a modified market value weighted index with a cap on each issuer of 2%.