BlackRock Announces Product Updates

NEW YORK--(BUSINESS WIRE)--BlackRock has one of the most comprehensive and diverse investment platforms in the industry, providing investors with choice to meet their individual needs. Investors are continuing to turn to BlackRock to unlock the full potential of their portfolios, as reflected by more than $2.2 trillion of net inflows in the past five years globally.¹

In the U.S., BlackRock offers over 700 mutual funds and ETFs for investors to access different market exposures.² As we evolve our platform and launch new strategies, we also constantly assess how our funds are meeting investors’ investment objectives and the evolving needs of our clients. Today, BlackRock is announcing the upcoming liquidation of 14 U.S.-domiciled mutual funds and ETFs.

Fund Name	Last Trading Date	Liquidation Date^3
BlackRock Impact Mortgage Fund*	N/A	9/19/2025
BlackRock Impact Municipal Fund*	N/A	9/19/2025
BlackRock Retirement Income 2040 Fund	N/A	7/18/2025
BlackRock Sustainable Aware Advantage Global Equity Fund*	N/A	7/18/2025
BlackRock Sustainable Emerging Markets Equity Fund*	N/A	9/19/2025
BlackRock Sustainable Total Return Fund*	N/A	9/19/2025
iShares Commodity Curve Carry Strategy ETF (NYSE: CCRV)	8/18/2025	8/21/2025
iShares Emergent Food and AgTech Multisector ETF (Nasdaq: IVEG)	8/18/2025	8/21/2025
iShares ESG Advanced Investment Grade Corporate Bond ETF (NYSE: ELQD)*	8/18/2025	8/21/2025
iShares Focused Value Factor ETF (NYSE: FOVL)	8/18/2025	8/21/2025
iShares Future Cloud 5G and Tech ETF (NYSE: IDAT)	8/18/2025	8/21/2025
iShares Inflation Hedged High Yield Bond ETF (NYSE: HYGI)	8/18/2025	8/21/2025
iShares Inflation Hedged U.S. Aggregate Bond ETF (NYSE: AGIH)	8/18/2025	8/21/2025
iShares MSCI Water Management Multisector ETF (Nasdaq: IWTR) *	8/18/2025	8/21/2025

BlackRock’s sustainable and transition investing platform is entrusted to manage more than $1 trillion in client assets, increasing approximately 850% over the last five years, and includes more than 500 products globally. ⁴

As described in the prospectuses, investors will incur management fees until the liquidations are complete. In addition to the management fee, investors who opt to sell an ETF will bear the usual transaction and commissions costs in the secondary market. In both cases, investors may see a capital gain or loss on their investment.

About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

About iShares
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and $4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

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.

Transactions in shares of ETFs may result in brokerage commissions and may generate tax consequences. All regulated investment companies are obliged to distribute portfolio gains to shareholders. This material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.

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”).

© 2025 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

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^1 BlackRock, as of March 31, 2025

^2 BlackRock, as of May 13, 2025

^3 Proceeds of the liquidation are scheduled to be sent to the shareholders on or around Liquidation Date.

^4 BlackRock as of December 2024. This includes some transition-focused strategies that also meet our Sustainable Investing Platform criteria (Screened, Uplift, Thematic, and Impact strategies using environmental, social and/or governance data as a portfolio construction input and a subset also seek to achieve long-term sustainability outcomes in line with each specific investment objective).

*Fund falls within BlackRock’s sustainable and transition investing platform.