Business Wire | Mar 22, 2021 09:29AM EDT

PRODUCT UPDATE: iShares Morningstar U.S. Equity Style Box ETFs

Mar. 22, 2021

NEW YORK--(BUSINESS WIRE)--Mar. 22, 2021--BlackRock implemented a series of product enhancements to the iShares Morningstar Style Box ETFs today. The style box suite, composed of nine ETFs, underwent benchmark changes, ticker changes, and expense ratio reductions. Three of the funds also had updates to their fund names and investment objectives. The suite is positioned as the lowest cost style box line-up in the industry.

In addition, BlackRock announced forward share splits for the nine ETFs for shareholders of record as of April 14, 2021, payable after the close of trading on April 16, 2021. These splits will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected and the total value of a shareholder's investment in the fund is not affected by the forward share split.

Forward Share Split RatioCurrent New Current New Former New Former New forTicker Ticker Current New Fund investment investment Underlying Underlying Expense Expense Record Fund Name Name objective objective Index Index Ratio Ratio Holders as of April 14, 2021

iShares The ETF seeks to Morningstar The ETF seeks to track the Large-Cap track the investment investment results Morningstar Value ETF iShares results of an index of an index Morningstar USJKF ILCV Inception Morningstar composed of composed of large- US Large Large-Mid 0.25% 0.04% 2-for-1 Date: June Value ETF large-capitalization and Value Index Cap Broad 28, 2004; U.S. equities that mid-capitalization Value Index NAV as of 3 exhibit value U.S. equities that /17/21: characteristics. exhibit value $647.3m characteristics.





The ETF seeks to track the iShares investment results Morningstar of an index Large-Cap composed of large- ETF iShares and Morningstar MorningstarJKD ILCB Inception Morningstar The ETF seeks to mid-capitalization US Large US 0.20% 0.03% 4-for-1 Date: June U.S. Equity track the investment U.S. equities. Core Index Large-Mid 28, 2004; ETF results of an index Cap Index NAV as of 3 composed of /17/21: large-capitalization $874.6m U.S. equities.







iShares The ETF seeks to Morningstar The ETF seeks to track the Large-Cap track the investment investment results Morningstar Growth ETF iShares results of an index of an index Morningstar USJKE ILCG Inception Morningstar composed of composed of large- US Large Large-Mid 0.25% 0.04% 5-for-1 Date: June Growth ETF large-capitalization and Growth Cap Broad 28, 2004; U.S. equities that mid-capitalization Index Growth NAV as of 3 exhibit growth U.S. equities that Index /17/21: characteristics. exhibit growth $1.81b characteristics.

iShares Morningstar The ETF seeks to Mid-Cap track the investment Value ETF results of an index Morningstar MorningstarJKI IMCV Inception No change composed of No change US Mid US Mid Cap 0.30% 0.06% 3-for-1 Date: June mid-capitalization Value Index Broad Value 28, 2004; U.S. equities that Index NAV as of 3 exhibit value /17/21: characteristics. $450.7m

iShares Morningstar The ETF seeks to Mid-Cap ETF track the investment Inception results of an index Morningstar MorningstarJKG IMCB Date: June No change composed of No change US Mid Core US Mid Cap 0.25% 0.04% 4-for-1 28, 2004; mid-capitalization Index Index NAV as of 3 U.S. equities. /17/21: $878.6m

iShares Morningstar The ETF seeks to Mid-Cap track the investment Morningstar Growth ETF results of an index Morningstar US Mid CapJKH IMCG Inception No change composed of No change US Mid Broad 0.30% 0.06% 6-for-1 Date: June mid-capitalization Growth Growth 28, 2004; U.S. equities that Index Index NAV as of 3 exhibit growth /17/21: characteristics. $1.56b

iShares Morningstar Small-Cap The ETF seeks to Value ETF track the investment Morningstar Inception results of an index Morningstar US SmallJKL ISCV Date: June No change composed of No change US Small Cap Broad 0.30% 0.06% 3-for-1 28, 2004; small-capitalization Value Index Value NAV as of 3 U.S. equities that Extended /17/21: exhibit value Index $439.4 characteristics.



iShares Morningstar Small-Cap ETF The ETF seeks to Morningstar Inception track the investment Morningstar US SmallJKJ ISCB Date: June No change results of an index No change US Small Cap 0.25% 0.04% 4-for-1 28, 2004; composed of Core Index Extended NAV as of 3 small-capitalization Index /17/21: U.S. equities. $258.9



iShares Morningstar The ETF seeks to Small-Cap track the investment Morningstar Growth ETF results of an index Morningstar US SmallJKK ISCG Inception No change composed of No change US Small Cap Broad 0.30% 0.06% 6-for-1 Date: June small-capitalization Growth Growth 28, 2004; U.S. equities that Index Extended NAV as of 3 exhibit growth Index /17/21: characteristics. $834.5

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 900+ exchange traded funds (ETFs) and $2.67 trillion in assets under management as of December 31, 2020, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm.1

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.

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock"). The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Morningstar, Inc., nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with Morningstar, Inc.

iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc., or its subsidiaries. All other marks are the property of their respective owners.

___________________________ 1 Based on $8.68 trillion in AUM as of 12/31/20

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CONTACT: MEDIA: Soogyung Jordan Soogyung.Jordan@BlackRock.com 646.276.5403

CONTACT: Federico Serrano Federico.Serrano@BlackRock.com 646.352.2218