iShares MSCI Water Management Multisector ETF

The iShares MSCI Water Management Multisector ETF (the Fund) seeks to track the investment results of an index composed of U.S. and non-U.S. companies that either 1) derive a proportion of their revenues from sustainable water products or services or 2) demonstrate relative efficiency in their water management. The Fund seeks to track the investment results of the MSCI ACWI IMI Sustainable Water Transition Extended Capped Index (the Underlying Index), which has been developed by MSCI, Inc. (the Index Provider or MSCI). The Underlying Index is composed of U.S. and non-U.S. equity securities selected from the MSCI ACWI Investable Market Index (IMI) (the Parent Index).