KEY INVESTOR INFORMATION This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest.

iShares Diversified Commodity Swap UCITS

Exchange Traded Fund (ETF)WKN: A0H072

ISIN: DE000A0H0728 ETF (DE)

Management Company: BlackRock Asset Management DeutschlandAG

Objectives and Investment Policy

iShares Diversified Commodity Swap UCITS ETF (DE) (the “Fund”) is a passively managed exchange traded fund (ETF) that aims to track the performance of the

Bloomberg CommoditySM (Total Return Index). In this regard, it aims to replicate the benchmark (Index).

The Index measures the performance of broadly diversified commodity markets representing energy, agriculture, industrial metals, precious metals and livestock

sectors. The Index reflects the total return on a fully collateralised position in futures contracts on physical commodities. The Index rebalances annually and is

weighted based on liquidity of the futures contracts and production of the underlying commodities, subject to capping restrictions to maintain diversification.

The index is not mapped directly by acquiring forwards that are included in the index, but indirectly via one or several swap agreements. This swaps the entire

performance of stocks from a basket of stocks held by the Fund with the performance of the underlying index, so that, in economic terms, as a rule the performance of

the underlying index is mapped.

Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index.

The units in the Fund are accumulating units. Income from the Fund’s investments will be included in the value of the units rather than being paid out as a dividend.

The Fund units are denominated in Euro.

The Fund is listed on one or more Stock Exchange(s). Investors can buy or sell their participation in the Fund daily during business hours through an intermediary on

such Stock Exchange(s). Indicative net asset value is published on relevant stock exchanges websites. For more information on the Fund, share/unit classes, risks and charges, please see the Fund's prospectus, available on the product pages at www.blackrock.com

Risk and Reward Profile

Lower risk

Higher risk

- The prices of commodities tend to experience greater variations than other

Typically lower rewards Typically higher rewards

asset classes (e.g. equities or fixed income securities). Investments in commodities are therefore potentially riskier than other types of investments.

Particular risks not adequately captured by the risk indicator include:

- Counterparty Risk: The insolvency of any institutions providing services such

This indicator is based on historical data and may not be a reliable indication ofas safekeeping of assets or acting as counterparty to derivatives or other

the future risk profile of the Fund.

instruments, may expose the Fund to financial loss.

The risk category shown is not guaranteed and may change over time. - Credit Risk: The issuer of a financial asset held within the Fund may not pay

The lowest category does not mean risk free.

income or repay capital to the Fund when due.

The Fund is rated six due to the nature of its investments which include the risks

- The Fund’s ability to track the benchmark’s performance is reliant on the

listed below. These factors may impact the value of the Fund’s investments or counterparties to continuously deliver the performance of the benchmark in

expose the Fund to losses.line with the swap agreements (i.e. counterparty risk) and would also be

- The value of equities and equity-related securities can be affected by dailyaffected by any spread between the pricing of the swaps and the pricing of

stock market movements. Other influential factors include political, economic

the benchmark. If any swap counterparty fails to provide sufficient assets as

news, company earnings and significant corporate events.

security for amounts owed to the Fund, there might be an increased

- Derivatives may be highly sensitive to changes in the value of the asset on counterparty risk exposure at a given time.

which they are based and can increase the size of losses and gains, resulting

in greater fluctuations in the value of the Fund. The impact to the Fund can be

greater where derivatives are used in an extensive or complex way. The benchmark is the intellectual property of the index provider. The Fund is not sponsored or endorsed by the index provider. Please refer to the Fund's prospectus for full disclaimer. Charges The charges are used to pay the costs of running the Fund, including the costs ofOne-off charges taken before or after you invest marketing and distributing it. These charges reduce the potential growth of your

Entry Charge (entry charge 0% when traded on

2.00%* investment.

exchange) *Investors dealing on exchanges will pay fees charged by their stock brokers. Such

Exit Charge (exit charge 0% when traded on1.00%* charges are publicly available on the exchanges on which the units are listed and

exchange) traded, or can be obtained from stock brokers. If investors deal in units directly with the Fund or the Management Company of the Fund, the entry charge is up to 2% and

This is the maximum that might be taken out of your money before it is invested or

before proceeds of your investments are paid out. the exit charge is up to 1%. *Authorised participants dealing directly with the Fund or the ManagementCharges taken from the Fund over each year Company (as the case may be) will pay related transaction costs. Ongoing Charges

0.46% The ongoing charges figure is based on expenses for the twelve month period

Charges taken from the Fund under certain conditions ending 31 December 2025. This figure may vary from year to year. It excludes Performance Fee None portfolio trade-related costs, except costs paid to the custodian and any entry/exit charge paid to an underlying collective investment scheme (if any).

Past Performance Past performance is not a guide to future Historic performance to 31 December 2025 performance. The chart shows the Fund's annual performance in EUR for each full calendar year over the period displayed in the chart. It is expressed as a percentage change of the Fund's net asset value at each year-end. The Fund was launched in 2007. Performance is shown after deduction of ongoing charges. Any entry/exit charges are excluded from the calculation.

† Benchmark:Bloomberg Commodity Euro Total Return Index

2016

2017

2018

2019

2020

2021

2022 2023

2024

2025

Fund

15.2 -11.4

-6.6

7.4 -12.1

35.6

22.9 -12.0 11.41.2

Benchmark †

15.2 -10.6

-6.8

9.7 -11.1

36.7

23.8 -11.1 12.42.1

Practical Information

The Fund's depositary bank is State Street Bank International GmbH.

Further information about the Fund can be obtained from the latest annual and half-yearly reports. These documents are available free of charge in German, English

and certain other languages. They can be found along with other information, such as unit prices, by emailing info@iShares.de or from www.ishares.com (select your

country and navigate to Documents) or by calling +49 (0) 89 42729 5858.

The Fund is subject to the German Investment Tax Act (Investmentsteuergesetz). This may have an impact on the personal tax of your investment in the Fund.

BlackRock Asset Management Deutschland AG may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or

inconsistent with the relevant parts of the Fund's prospectus.

The indicative intra-day net asset value of the Fund is published on relevant stock exchanges websites.

The Company will publish a breakdown of the key underlying Investments of the Fund for each Dealing Day via the official iShares website (www.ishares.com) subject

to any restrictions on the publication of data imposed by the relevant index providers.

The Remuneration Policy of the Management Company, which describes how remuneration and benefits are determined and awarded, and the associated governance

arrangements, is available at www.blackrock.com/Remunerationpolicy or on request from the registered office of the Management Company.

Under German law, the Fund has segregated liability from other funds managed by the Management Company (i.e. the Fund’s assets will not be used to discharge the

liabilities of other funds managed by the Management Company). In addition, the Fund's assets are held separately from the assets of other funds. Assets and

liabilities specific to a unit class would be attributable to only that unit class, however there is no segregation of liabilities between unit classes under German law. This Fund and BlackRock Asset Management Deutschland AG are authorised in Germany and are regulated by the Federal Agency for Financial Services Supervision (BaFin). This Key Investor Information is accurate as at 09 February 2026