ETF constituents for PICK

Below, a list of constituents for PICK (iShares MSCI Global Metals & Mining Producers ETF) is shown. In total, PICK consists of 274 securities.

Note: The data shown here is as of date Dec 31, 2025 (the latest that can be sourced directly from the fund provider).

Click here to go back to the full list of ETFs.

Ticker Name Sector Asset Class Market Value Weight (%)
BHP BHP GROUP LTD Materials Equity 180654600.08 11.13
RIO RIO TINTO PLC Materials Equity 105092167.14 6.47
FCX FREEPORT MCMORAN INC Materials Equity 92580398.56 5.7
GLEN GLENCORE PLC Materials Equity 71047068.58 4.38
VALE3 CIA VALE DO RIO DOCE SH Materials Equity 57334030.25 3.53
AAL ANGLO AMERICAN PLC Materials Equity 53485060.22 3.3
NUE NUCOR CORP Materials Equity 43144639.23 2.66
RIO RIO TINTO LTD Materials Equity 39368058.54 2.43
GMEXICOB GRUPO MEXICO B Materials Equity 36923142.01 2.27
1211 SAUDI ARABIAN MINING Materials Equity 27870160.61 1.72
VAL VALTERRA PLATINUM LTD Materials Equity 27774570.44 1.71
FMG FORTESCUE LTD Materials Equity 27694576.83 1.71
STLD STEEL DYNAMICS INC Materials Equity 26257919.61 1.62
TECK.B TECK RESOURCES SUBORDINATE VOTING Materials Equity 25648466.97 1.58
MT ARCELORMITTAL SA Materials Equity 24685475.51 1.52
FM FIRST QUANTUM MINERALS LTD Materials Equity 22647292.28 1.4
5401 NIPPON STEEL CORP Materials Equity 22063571.38 1.36
ANTO ANTOFAGASTA PLC Materials Equity 20831830.49 1.28
BOL BOLIDEN Materials Equity 19764526.81 1.22
005490 POSCO Materials Equity 18709839.1 1.15
IMP IMPALA PLATINUM LTD Materials Equity 18297464.13 1.13
RS RELIANCE STEEL & ALUMINUM Materials Equity 18187626.85 1.12
LUN LUNDIN MINING CORP Materials Equity 18168190.53 1.12
AA ALCOA CORP Materials Equity 17793290.88 1.1
SCCO SOUTHERN COPPER CORP Materials Equity 17735648.04 1.09
TATASTEEL TATA STEEL LTD Materials Equity 16708160.35 1.03
HINDALCO HINDALCO INDUSTRIES LTD Materials Equity 15283536.84 0.94
1378 CHINA HONGQIAO GROUP LTD Materials Equity 14045676.76 0.87
KGH KGHM POLSKA MIEDZ SA Materials Equity 13531655.67 0.83
S32 SOUTH32 LTD Materials Equity 13441397.49 0.83
SSW SIBANYE STILLWATER LTD Materials Equity 13233478.92 0.82
5713 SUMITOMO METAL MINING LTD Materials Equity 13130783.06 0.81
NHY NORSK HYDRO Materials Equity 12538883.18 0.77
3993 CMOC GROUP LTD Materials Equity 11513991.84 0.71
PLS PLS GROUP LTD Materials Equity 11164168.08 0.69
VEDL VEDANTA LTD Materials Equity 10972864.35 0.68
MP MP MATERIALS CORP CLASS A Materials Equity 10175018.3 0.63
LYC LYNAS RARE EARTHS LTD Materials Equity 10084332.72 0.62
IVN IVANHOE MINES LTD CLASS A Materials Equity 9936768.21 0.61
BSL BLUESCOPE STEEL LTD Materials Equity 9810101.97 0.6
HBM HUDBAY MINERALS INC Materials Equity 9689463.3 0.6
5016 JX ADVANCED METALS CORP Materials Equity 9603614.12 0.59
NPH NORTHAM PLATINUM HLDGS LTD Materials Equity 9464781.2 0.58
CMC COMMERCIAL METALS Materials Equity 9126547.4 0.56
CS CAPSTONE COPPER CORP Materials Equity 8950302.49 0.55
CLF CLEVELAND CLIFFS INC Materials Equity 8768917.3 0.54
JSWSTEEL JSW STEEL LTD Materials Equity 8572123.71 0.53
5706 MITSUI KINZOKU LIMITED LTD Materials Equity 8423453.91 0.52
5411 JFE HOLDINGS INC Materials Equity 8385678.2 0.52
MIN MINERAL RESOURCES LTD Materials Equity 7881976.82 0.49
2002 CHINA STEEL CORP Materials Equity 7771134.98 0.48
AMMN AMMAN MINERAL INTERNASIONAL Materials Equity 7418651.25 0.46
PMETAL PRESS METAL ALUMINIUM HOLDINGS Materials Equity 7106210.88 0.44
2600 ALUMINUM CORPORATION OF CHINA LTD Materials Equity 6954856.75 0.43
358 JIANGXI COPPER LTD H Materials Equity 6687844.67 0.41
TKA THYSSENKRUPP AG Materials Equity 6462014.58 0.4
SFR SANDFIRE RESOURCES LTD Materials Equity 6317130.95 0.39
BVN BUENAVENTURA ADR REPRESENTING Materials Equity 6241760.3 0.38
GGBR4 GERDAU PREF SA Materials Equity 5789352.43 0.36
HCC WARRIOR MET COAL INC Materials Equity 5780996.52 0.36
NDA AURUBIS AG Materials Equity 5757741.13 0.35
SSAB B SSAB CLASS B Materials Equity 5696711.15 0.35
1208 MMG LTD Materials Equity 5694696.69 0.35
5406 KOBE STEEL LTD Materials Equity 5526927.06 0.34
VOE VOESTALPINE AG Materials Equity 5307487.58 0.33
XTSLA BLK CSH FND TREASURY SL AGENCY Cash and/or Derivatives Money Market 4954013.76 0.31
IGO IGO LTD Materials Equity 4484589.91 0.28
BRMS BUMI RESOURCES MINERALS Materials Equity 4429436.04 0.27
JINDALSTEL JINDAL STEEL LTD Materials Equity 4399281.34 0.27
APLAPOLLO APL APOLLO TUBES LTD Materials Equity 4139201.68 0.26
603993 CHINA MOLYBDENUM LTD A Materials Equity 3846162.41 0.24
5711 MITSUBISHI MATERIALS CORP Materials Equity 3720508.37 0.23
NATIONALUM NATIONAL ALUMINIUM CO LTD Materials Equity 3658580.84 0.23
MTRN MATERION CORP Materials Equity 3313957.47 0.2
ERO ERO COPPER CORP Materials Equity 3166567.36 0.2
5714 DOWA HOLDINGS LTD Materials Equity 3152118.96 0.19
ACX ACERINOX SA Materials Equity 3142519.44 0.19
CSTM CONSTELLIUM SE CLASS A Materials Equity 3097087.92 0.19
JSL JINDAL STAINLESS LTD Materials Equity 3096686.59 0.19
5444 YAMATO KOGYO LTD Materials Equity 3069920.21 0.19
NMDC NMDC LTD Materials Equity 3055010.37 0.19
LTR LIONTOWN LTD Materials Equity 3018844.22 0.19
AMR ALPHA METALLURGICAL RESOURCE INC Materials Equity 2992554.55 0.18
1258 CHINA NONFERROUS MINING CORPORATIO Materials Equity 2973029.47 0.18
CENX CENTURY ALUMINUM Materials Equity 2961332.79 0.18
NGEX NGEX MINERALS LTD Materials Equity 2954966.33 0.18
KTY GRUPA KETY SA Materials Equity 2924636.38 0.18
TKO TASEKO MINES LTD Materials Equity 2764848.98 0.17
HILS HILL AND SMITH PLC Materials Equity 2702695.22 0.17
PTRO PETROSEA Materials Equity 2462803.67 0.15
2027 TA CHEN STAINLESS PIPE LTD Materials Equity 2439743.82 0.15
SGM SIMS LTD Materials Equity 2346611.35 0.14
OUT1V OUTOKUMPU Materials Equity 2310656.65 0.14
KALU KAISER ALUMINIUM CORP Materials Equity 2258164.98 0.14
5741 UACJ CORP Materials Equity 2253938.96 0.14
VZLA VIZSLA SILVER CORP Materials Equity 2208108.71 0.14
EREGL.E EREGLI DEMIR VE CELIK FABRIKALARI Materials Equity 2207677.17 0.14
ILU ILUKA RESOURCES LTD Materials Equity 2113362.48 0.13
004020 HYUNDAI STEEL Materials Equity 2027114.4 0.12
APAM APERAM SA Materials Equity 1998847.86 0.12
SSAB A SSAB A Materials Equity 1986264.21 0.12
HINDCOPPER HINDUSTAN COPPER LTD Materials Equity 1984446.39 0.12
5471 DAIDO STEEL LTD Materials Equity 1909028.98 0.12
GRNG GRANGES Materials Equity 1900276.23 0.12
ALLEI ALLEIMA Materials Equity 1876222.31 0.12
MDKA MERDEKA COPPER GOLD Materials Equity 1854718.34 0.11
3939 WANGUO GOLD GROUP LTD Materials Equity 1853983.38 0.11
5463 MARUICHI STEEL TUBE LTD Materials Equity 1848224.79 0.11
PRN PERENTI LTD Materials Equity 1824762.91 0.11
IE IVANHOE ELECTRIC INC Materials Equity 1780661.61 0.11
CIA CHAMPION IRON LTD Materials Equity 1747503.27 0.11
BEKB BEKAERT (D) SA Materials Equity 1675505.79 0.1
600111 CHINA NORTHERN RARE EARTH (GROUP) Materials Equity 1662740.7 0.1
601600 ALUMINUM CORPORATION OF CHINA LTD Materials Equity 1640198.07 0.1
TMC TMC THE METALS COMPANY INC Materials Equity 1621112.94 0.1
103140 POONGSANORATION CORP Materials Equity 1609483.62 0.1
GOAU4 METALURGICA GERDAU PREF SA Materials Equity 1583312.07 0.1
LIF LABRADOR IRON ORE ROYALTY CORP Materials Equity 1541527.53 0.09
AII ALMONTY INDUSTRIES INC Materials Equity 1535131.79 0.09
ARI AFRICAN RAINBOW MINERAL LTD Materials Equity 1492705.96 0.09
AMG AMG CRITICAL MATERIALS NV Materials Equity 1480955.95 0.09
NIC NICKEL INDUSTRIES LTD Materials Equity 1464295.9 0.09
IPX IPERIONX LTD Materials Equity 1461679.97 0.09
USA AMERICAS GOLD AND SILVER Materials Equity 1449417.34 0.09
600019 BAOSHAN IRON & STEEL LTD A Materials Equity 1410978.54 0.09
QAMC QATAR ALUMINIUM MANUFACTURING Materials Equity 1409701.33 0.09
ALS ALTIUS MINERALS CORP Materials Equity 1409177.04 0.09
IMD IMDEX LTD Materials Equity 1406980.0 0.09
LAC LITHIUM AMERICAS CORP Materials Equity 1406076.66 0.09
SZG SALZGITTER AG Materials Equity 1404952.64 0.09
DRR DETERRA ROYALTIES LTD Materials Equity 1401283.9 0.09
WS WORTHINGTON STEEL INC Materials Equity 1352723.75 0.08
ATYM ATALAYA MINING COPPER SA Materials Equity 1323949.04 0.08
FOM FORAN MINING CORP Materials Equity 1324008.82 0.08
VUL VULCAN ENERGY RESOURCES LTD Materials Equity 1202706.05 0.07
CSNA3 COMPANHIA SIDERURGICA NACIONAL SA Materials Equity 1199126.6 0.07
600362 JIANGXI COPPER LTD A Materials Equity 1190766.51 0.07
2006 TUNG HO STEEL ENTERPRISE CORP Materials Equity 1127462.11 0.07
BRAP4 BRADESPAR PREF SA Materials Equity 1120158.86 0.07
PTCIL PTC INDUSTRIES LTD Materials Equity 1087361.15 0.07
000807 YUNNAN ALUMINIUM LTD A Materials Equity 1062042.02 0.07
UAMY UNITED STATES ANTIMONY CORP Materials Equity 1053385.43 0.06
600010 INNER MONGOLIA BAOTOU STEEL UNION Materials Equity 1050123.85 0.06
5703 NIPPON LIGHT METAL HOLDINGS LTD Materials Equity 1019480.15 0.06
1322 AL MASANE AL KOBRA MINING Materials Equity 1008653.96 0.06
5451 YODOKO LTD Materials Equity 1004111.14 0.06
SGML SIGMA LITHIUM CORP Materials Equity 1000293.0 0.06
DVP DEVELOP GLOBAL LTD Materials Equity 975606.55 0.06
1515 NITTETSU MINING LTD Materials Equity 969116.02 0.06
2015 FENG HSIN IRON & STEEL LTD Materials Equity 939419.83 0.06
CMP COMPASS MINERALS INTERNATIONAL INC Materials Equity 931830.5 0.06
639 SHOUGANG FUSHAN RESOURCES GROUP LT Materials Equity 920075.92 0.06
CNL COLLECTIVE MINING LTD Materials Equity 912575.73 0.06
RYI RYERSON HOLDING CORP Materials Equity 905687.42 0.06
METC RAMACO RESOURCES INC CLASS A Materials Equity 890975.99 0.05
ERA ERAMET SA Materials Equity 882425.38 0.05
MDI MAJOR DRILLING GROUP INTERNATIONAL Materials Equity 871463.95 0.05
SLS SOLARIS RESOURCES INC Materials Equity 869894.4 0.05
INCO VALE INDONESIA Materials Equity 869406.57 0.05
MTUS METALLUS INC Materials Equity 865051.11 0.05
600673 GUANGDONG HEC TECHNOLOGY HOLDING L Materials Equity 854276.36 0.05
3858 JIAXIN INTERNATIONAL RESOURCES INV Materials Equity 852435.43 0.05
9958 CENTURY IRON AND STEEL INDUSTRIAL Materials Equity 823188.41 0.05
USAR USA RARE EARTH INC CLASS A Materials Equity 822760.37 0.05
BRL BRL CASH Cash and/or Derivatives Cash 805041.06 0.05
WELCORP WELSPUN CORP LTD Materials Equity 802203.59 0.05
USHAMART USHA MARTIN LTD Materials Equity 784593.25 0.05
000426 INNER MONGOLIA XINGYE SILVER&TIN M Materials Equity 782541.97 0.05
SMR STANMORE RESOURCES LTD Materials Equity 775482.56 0.05
002532 TIANSHAN ALUMINUM GROUP LTD A Materials Equity 771801.69 0.05
600549 XIAMEN TUNGSTEN LTD A Materials Equity 770287.98 0.05
NB NIOCORP DEVELOPMENTS LTD Materials Equity 767696.52 0.05
001430 SEAH BESTEEL HDS CORP Materials Equity 766615.37 0.05
SXC SUNCOKE ENERGY INC Materials Equity 765270.0 0.05
VIO VIOHALCO SA Materials Equity 754940.86 0.05
GPIL GODAWARI POWER AND ISPAT LTD Materials Equity 750330.89 0.05
000975 SHANJIN INTERNATIONAL GOLD LTD A Materials Equity 740700.02 0.05
000630 TONGLING NONFERROUS METALS GROUP L Materials Equity 725718.33 0.04
RATNAMANI RATNAMANI METALS AND TUBES LTD Materials Equity 715699.44 0.04
5482 AICHI STEEL CORP Materials Equity 715143.97 0.04
WA1 WA1 RESOURCES LTD Materials Equity 703251.94 0.04
601168 WESTERN MINING LTD A Materials Equity 685200.86 0.04
CAP CAP SA Materials Equity 683360.82 0.04
000933 HENAN SHENHUO COAL & POWER LTD A Materials Equity 669807.55 0.04
USIM5 USINAS SIDERURGICAS DE MINAS GERAI Materials Equity 656723.71 0.04
TMQ TRILOGY METALS INC Materials Equity 655060.1 0.04
2211 EVERGREEN STEEL CORP Materials Equity 649307.04 0.04
826 TIANGONG INTERNATIONAL LTD Materials Equity 639951.78 0.04
600219 SHANDONG NANSHAN ALUMINIUM LTD A Materials Equity 635038.98 0.04
GRAVITA GRAVITA INDIA LTD Materials Equity 630458.01 0.04
ABAT AMERICAN BATTERY TECHNOLOGY COMPAN Materials Equity 618180.96 0.04
KRW KRW CASH Cash and/or Derivatives Cash 592777.45 0.04
5423 TOKYO STEEL MANUFACTURING LTD Materials Equity 586209.59 0.04
688122 WESTERN SUPERCONDUCTING TECHNOLOGI Materials Equity 570584.41 0.04
1321 EAST PIPES INTEGRATED COMPANY FOR Materials Equity 548815.23 0.03
TRMET.E TR ANADOLU METAL MADENCILIK ISLETM Materials Equity 536335.6 0.03
KRDMD.E KARDEMIR KARABUK DEMIR CELIK SANAY Materials Equity 526916.6 0.03
601958 JINDUICHENG MOLYBDENUM LTD A Materials Equity 526557.8 0.03
5009 GLORIA MATERIAL TECHNOLOGY CORP Materials Equity 502719.57 0.03
SARDAEN SARDA ENERGY AND MINERALS LTD Materials Equity 497431.48 0.03
2014 CHUNG HUNG STEEL CORP Materials Equity 497480.0 0.03
000831 CHINA RARE EARTH RESOURCES AND TEC Materials Equity 492061.99 0.03
532527 RAMKRISHNA FORGINGS LTD Materials Equity 482175.87 0.03
323 MAANSHAN IRON AND STEEL LTD H Materials Equity 478928.87 0.03
000708 CITIC PACIFIC SPECIAL STEEL GROUP Materials Equity 478404.5 0.03
JSW JASTRZEBSKA SPOLKA WEGLOWA SA Materials Equity 437447.57 0.03
JINDALSAW JINDAL SAW LTD Materials Equity 426282.54 0.03
BRSAN.E BORUSAN MANNESMANN BORU SANAYI VE Materials Equity 422279.46 0.03
VSL VULCAN STEEL LTD Materials Equity 412654.31 0.03
2023 YIEH PHUI ENTERPRISE LTD Materials Equity 399441.09 0.02
NSLNISP NMDC STEEL LTD Materials Equity 384440.33 0.02
2240 ADVANCED BUILDING INDUSTRIES Materials Equity 354543.51 0.02
000932 HUNAN VALIN STEEL LTD A Materials Equity 350363.51 0.02
500245 KIRLOSKAR FERROUS INDUSTRIES LTD Materials Equity 344475.3 0.02
5440 KYOEI STEEL LTD Materials Equity 318414.33 0.02
SANDUMA SANDUR MANGANESE AND IRON ORES LTD Materials Equity 315709.02 0.02
5449 OSAKA STEEL LTD Materials Equity 265810.97 0.02
3833 XINJIANG XINXIN MINING INDUSTRY LT Materials Equity 264734.4 0.02
BRE BRAZILIAN RARE EARTHS LTD Materials Equity 263131.57 0.02
MOIL MOIL LTD Materials Equity 256163.89 0.02
MAHSEAMLES MAHARASHTRA SEAMLESS LTD Materials Equity 248742.38 0.02
600985 HUAIBEI MINING HOLDINGS LTD A Materials Equity 248041.71 0.02
1320 SAUDI STEEL PIPE Materials Equity 221582.73 0.01
FESA4 FERBASA PREF Materials Equity 211179.25 0.01
SURYAROSNI SURYA ROSHNI LTD Materials Equity 208459.8 0.01
MIDHANI MISHRA DHATU NIGAM LTD Materials Equity 181155.9 0.01
2362 JINCHUAN GROUP INTERNATIONAL RESOU Materials Equity 157459.67 0.01
JAIBALAJI JAI BALAJI INDUSTRIES LTD Materials Equity 143432.39 0.01
TTST TATA STEEL GDR LTD Materials Equity 108603.2 0.01
PLN PLN CASH Cash and/or Derivatives Cash 86785.0 0.01
ZAR ZAR CASH Cash and/or Derivatives Cash 60376.08 0.0
EUR EUR CASH Cash and/or Derivatives Cash 39895.25 0.0
HKD HKD CASH Cash and/or Derivatives Cash 38956.53 0.0
JPY JPY CASH Cash and/or Derivatives Cash 38815.68 0.0
AUD AUD CASH Cash and/or Derivatives Cash 37535.86 0.0
SALFT CASH COLLATERAL USD SALFT Cash and/or Derivatives Cash Collateral and Margins 33000.0 0.0
MXN MXN CASH Cash and/or Derivatives Cash 32626.16 0.0
CNH CNH CASH Cash and/or Derivatives Cash 32074.23 0.0
SEK SEK CASH Cash and/or Derivatives Cash 23916.25 0.0
GBP GBP CASH Cash and/or Derivatives Cash 22859.6 0.0
NOK NOK CASH Cash and/or Derivatives Cash 21800.82 0.0
TWD TWD CASH Cash and/or Derivatives Cash 19468.28 0.0
CAD CAD CASH Cash and/or Derivatives Cash 18504.25 0.0
SGD SGD CASH Cash and/or Derivatives Cash 18317.54 0.0
CHF CHF CASH Cash and/or Derivatives Cash 15349.73 0.0
TRY TRY CASH Cash and/or Derivatives Cash 11686.83 0.0
CLP CLP CASH Cash and/or Derivatives Cash 8688.11 0.0
RUB RUB CASH Cash and/or Derivatives Cash 5402.38 0.0
MYR MYR CASH Cash and/or Derivatives Cash 3442.52 0.0
RUAL UNITED COMPANY RUSAL Materials Equity 439.49 0.0
ALRS AK ALROSA Materials Equity 367.64 0.0
003030 SEAH STEEL HOLDINGS CORP Materials Equity 81.44 0.0
CNY CNY CASH Cash and/or Derivatives Cash 0.0 0.0
IDR IDR CASH Cash and/or Derivatives Cash 0.0 0.0
QAR QAR CASH Cash and/or Derivatives Cash 1.06 0.0
INR INR CASH Cash and/or Derivatives Cash 3.26 0.0
SAR SAR CASH(COMMITTED) Cash and/or Derivatives Cash 5.1 0.0
PHP PHP CASH Cash and/or Derivatives Cash 14.56 0.0
GMKN GMK NORILSKIY NIKEL Materials Equity 0.06 0.0
773 CHINA METAL RECYCLING (HOLDINGS) L Materials Equity 0.17 0.0
NLMK NOVOLIPETSK STEEL Materials Equity 1.42 0.0
LLL LEO LITHIUM LTD Materials Equity 9.75 0.0
MTLRP MECHEL PREF Materials Equity 12.23 0.0
CHMF SEVERSTAL Materials Equity 29.73 0.0
MYR MYR/USD Cash and/or Derivatives FX -59.39 0.0
KRW KRW/USD Cash and/or Derivatives FX -35.58 0.0
KRW KRW/USD Cash and/or Derivatives FX -21.67 0.0
TWD TWD/USD Cash and/or Derivatives FX -18.45 0.0
CLP CLP/USD Cash and/or Derivatives FX -1.75 0.0
BRL BRL/USD Cash and/or Derivatives FX 7.59 0.0
IXPH6 EMINI ENERGY SELECT SECTOR MAR 26 Cash and/or Derivatives Futures 0.0 0.0
MESH6 MSCI EMER MKT INDEX (ICE) MAR 26 Cash and/or Derivatives Futures 0.0 0.0
USD USD CASH Cash and/or Derivatives Cash -4441830.53 -0.27
The content contained herein is owned or licensed by BlackRock and/or its third-party information providers and is protected by applicable copyrights, trademarks, service marks, and/or other intellectual property rights. Such content is solely for your personal, non-commercial use. Accordingly, you may not copy, distribute, modify, post, frame or deep link this content. You may download material displayed on this Website for your personal use provided you also retain all copyright and other proprietary notices contained on the materials. Modification or use of the materials for any other purpose violates BlackRock's intellectual property rights. Holdings subject to change. See www.iShares.com for the most recent funds holdings. The values for “price” shown herein generally represent a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The values shown herein for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of the vendor price and may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent practicable date and may not necessarily be as of the date shown above. Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures. CAREFULLY CONSIDER THE FUNDS' INVESTMENT OBJECTIVES, RISK FACTORS, AND CHARGES AND EXPENSES BEFORE INVESTING. THIS AND OTHER INFORMATION CAN BE FOUND IN THE FUNDS' PROSPECTUSES OR, IF AVAILABLE, THE SUMMARY PROSPECTUSES WHICH MAY BE OBTAINED BY VISITING WWW.ISHARES.COM OR WWW.BLACKROCK.COM. READ THE PROSPECTUS CAREFULLY BEFORE INVESTING. INVESTING INVOLVES RISK, INCLUDING POSSIBLE LOSS OF PRINCIPAL. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”). The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg, BlackRock Index Services, LLC, Cboe Global Indices, LLC, Cohen & Steers, European Public Real Estate Association (“EPRA® ”), FTSE International Limited (“FTSE”), ICE Data Indices, LLC, NSE Indices Ltd, JPMorgan, JPX Group, London Stock Exchange Group (“LSEG”), MSCI Inc., Markit Indices Limited, Morningstar, Inc., Nasdaq, Inc., National Association of Real Estate Investment Trusts (“NAREIT”), Nikkei, Inc., Russell, S&P Dow Jones Indices LLC or STOXX Ltd. None of these companies make any representation regarding the advisability of investing in the Funds. With the exception of BlackRock Index Services, LLC, who is an affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above. Neither FTSE, LSEG, nor NAREIT makes any warranty regarding the FTSE Nareit Equity REITS Index, FTSE Nareit All Residential Capped Index or FTSE Nareit All Mortgage Capped Index. Neither FTSE, EPRA, LSEG, nor NAREIT makes any warranty regarding the FTSE EPRA Nareit Developed ex-U.S. Index, FTSE EPRA Nareit Developed Green Target Index or FTSE EPRA Nareit Global REITs Index. “FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under license. ©2023 BlackRock, Inc or its affiliates. All rights reserved. iSHARES, iBONDS and BLACKROCK are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners. nan nan nan nan nan