Title: iShares Physical Gold ETC URL Source: https://docs.oppl.io/etf/IE00B4ND3602_09-04-2025.pdf Published Time: Fri, 11 Apr 2025 05:14:53 GMT Markdown Content: # 1 # Key Information Document # Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. # Product iShares Physical Gold ETC (the "ETC"), ISIN: IE00B4ND3602 , is manufactured by iShares Physical Metals plc (the "Company"). The Company is incorporated in Ireland and supervised by the Central Bank of Ireland (the "CBI") in relation to this KID. More information is available at www.blackrock.com or by calling +44-207-743-2030 . This document is dated 09 April 2025. Caution: Investors in Spain - Based on your jurisdiction, you are about to purchase a product that is not simple and may be difficult to understand. # What is this product? Type: iShares Physical Gold ETC (the “ETC”) is a series of secured debt securities issued by iShares Physical Metals public limited company (the “Company”) that are linked to physical gold. The ETC securities are listed on the London Stock Exchange, are structured as debt securities and are not units in a collective investment scheme. Term: The ETC does not have a fixed term of existence, or maturity period, but in certain circumstances an early redemption may occur upon election by the Company or (in the case of a default by the Company) by its trustee, State Street Custodial Services (Ireland) Limited, subject to prior written notice if: (a) the Company exercises its call option at any time by giving 10 days’ notice that it is redeeming the ETC securities; (b) certain legal or regulatory changes occur in relation to the Company; (c) the Company is, or there is a substantial likelihood that it will be, required to make a payment in respect of, register for or account for VAT; (d) certain key service providers of the Company resign or their appointment is terminated and no successor has been appointed within 60 days; (e) the Company has defaulted for more than 14 days in a payment or delivery in respect of the ETC securities; (f) the Company does not perform or comply with a material obligation under the terms of the ETC securities or the security deed or trust deed relating to the ETC securities, after the expiry of the relevant grace period; or (g) the Company is subject to liquidation. Objectives The ETC securities aim to provide investment exposure to physical gold and are valued based on the London Bullion Market Association (LBMA) gold price. The Company holds physical gold. Each ETC security has a metal entitlement (“Metal Entitlement”, which is the amount of physical gold backing the ETC security) and its daily value is calculated based on its daily Metal Entitlement. The daily Metal Entitlement can be found on www.ishares.com. The ETC securities are listed and traded on the London Stock Exchange. In normal circumstances, only authorised participants may buy and sell the ETC securities directly with the Company. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the ETC securities on the secondary market (e.g. via a broker on the London Stock Exchange) at the the prevailing market price. The prevailing market price at which the ETC securities trade on the secondary market may deviate from the daily value of the ETC securities and may not accurately reflect the price of the precious metal underlying the ETC securities. The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below under “How long should I hold it and can I take money out early?” The gold price fluctuates daily and the value of gold is driven by various factors including its rarity, use in industrial processes and its use as an investment commodity. Pricing of precious metals can be impacted by fundamental issues of supply and demand, political and economic situations (especially in precious metal producing countries) and natural disasters. These factors may all affect the value of your investment. Your ETC securities are denominated in US dollars, the ETC's base currency. The ETC securities are listed and traded in currencies other than the base currency on one or more stock exchanges. The performance of your ETC securities may be affected by this currency difference. Intended retail investor: The ETC is intended for retail investors with the ability to bear losses up to the amount invested in the ETC. The ETC securities are appropriate for medium to long term investment, though the ETC securities may also be suitable for shorter term exposure (see further below “How long should I hold it and can I take money out early?”). Insurance benefits: The ETC does not offer any insurance benefits. 2 # What are the risks and what could I get in return? Risk Indicator > Lower risk Higher risk The risk indicator assumes you keep the product for 5 years. The actual risk can vary significantly if you cash in at an early stage and you may get back less. The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 4 out of 7, which is a medium risk class. This classification rates the potential losses from futur performance at a medium level, and poor market conditions could affect the value of your investment. This classification is not guaranteed and may change over time and may not be a reliable indication of the future risk profile of this ETC. The lowest category does not mean risk free. Be aware of currency risk. If you receive payments in a currency that is different to the product's base currency, the final return you will get depends on the exchange rate between the two currencies. This risk is not considered in the indicator shown above. Please refer to the product's Prospectus for details of other materially relevant risks that may apply to this product. This product does not include any protection from future market performance so you could lose some or all of your investment. If the product is not able to pay you what is owed, you could lose your entire investment. Performance Scenarios The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. T unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years. Markets could develop very differently in the future. Recommended holding period : 5 years Example Investment : USD 10,000 Scenarios If you exit after 1 year If you exit after 5 years Minimum There is no minimum guaranteed return. You could lose some or all of your investment. Stress* What you might get back after costs 7,450 USD 4,660 USD Average return each year -25.5% -14.2% Unfavourable** What you might get back after costs 8,800 USD 12,410 USD Average return each year -12.0% 4.4% Moderate** What you might get back after costs 10,800 USD 15,150 USD Average return each year 8.0% 8.7% Favourable** What you might get back after costs 14,040 USD 18,030 USD Average return each year 40.4% 12.5% * The stress scenario shows what you might get back in extreme market circumstances. # ** This type of scenario occurred for an investment in the product and/or benchmark(s) or proxy between : Scenarios 1 year 5 years Unfavourable January 2015 - January 2016 January 2015 - January 2020 Moderate April 2021 - April 2022 November 2016 - November 2021 Favourable September 2023 - September 2024 November 2019 - November 2024 # What happens if iShares Physical Metals plc is unable to pay out? The underlying precious metal of the ETC is held in safekeeping by the Company's Custodian, JPMorgan Chase Bank N.A. London Branch, and/ or sub-custodians (appointed by the Custodian). In the event of the insolvency of the Arranger or Trustee, the ETC’s underlying metal in the safekeeping of the Custodian and/or sub-custodians will not be affected. In the event of the insolvency of the Custodian or any sub-custodian, the allocated metal held by the Custodian or any sub-custodian in an “Allocated Account” (which is a segregated account in which metal is held in allocated form) for the benefit of the Company for the ETC should be protected as such metal should be identified separately from the assets of the Custodian, any sub-custodian and their other clients. Compensation will not be available under the UK Financial Services Compensation Scheme or any other scheme in the event of insolvency of the Company, Custodian, sub-custodians, Arranger and/or Trustee. 3 # What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Costs over time: The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: In the first year you would get back the amount that you invested (0 % annual return). For the other holding periods we have assumed the product performs as shown in the moderate scenario. USD 10,000 is invested. If you exit after 1 year If you exit after 5 years Total costs 12 USD 91 USD Annual cost Impact (*) 0.1% 0.1% (*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 8.8% before costs and 8.7% after costs. We may share part of the costs with the person selling you the product to cover the services they provide to you. They will inform you of the amount. Composition of Costs One-off costs upon entry or exit If you exit after 1 year Entry costs We do not charge an entry fee. 1 - Exit costs We do not charge an exit fee. 1 - Ongoing costs taken each year Management fees and other administrative or operating costs 0.12% of the value of your investment per year. This is based on a combination of estimated and actual costs data over the last year. Any underlying product costs are included here with the exception of transaction costs which would be included below under 'Transaction costs'. 12 USD Transaction costs 0.00% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell. 0 USD Incidental costs taken under specific conditions Performance fees There is no performance fee for this product. - > 1 Not applicable to secondary market investors. Investors dealing via stock exchanges will pay fees charged by stock brokers. Such charges can be obtained on exchanges where the shares are listed and traded, or from stock brokers. Authorised participants dealing directly with the Fund or the Management Company will pay related transaction costs. # How long should I hold it and can I take money out early? Recommended Holding Period: 5 years The recommended holding period (RHP) has been calculated in line with the investment strategy of the ETC and the timeframe in which it is expected that it will be possible to achieve the investment objective of the ETC. Any investment should be considered against your specific investment needs and appetite for risk. BlackRock has not considered the suitability or appropriateness of this investment for your personal circumstances. If you are in any doubt about the suitability of the ETC to your needs you should seek appropriate professional advice. You can buy or sell your ETC securities daily on the secondary market through a broker. You may receive less than expected if you cash in earlier than the RHP. The RHP is an estimate and must not be taken as a guarantee or an indication of future performance, return or risk levels. Please contact your broker, financial adviser or distributor for any charges. # How can I complain? If you are not entirely satisfied with any aspect of the service you have received and you wish to complain, details of our complaints handling process are available at www.blackrock.com/uk/individual/about-blackrock/contact-us. Additionally, you can also write to the Investor Services Team, at BlackRock’s UK Registered Office, 12 Throgmorton Avenue, London, EC2N 2DL or e-m enquiry@ukclientservices.blackrock.com. # Other relevant information The latest version of this document, the ETC’s Base Prospectus, the latest annual report, half-yearly reports, 10 year(s) of past performance and previous performance scenario can be obtained free of charge in English and certain other languages, from www.blackrock.com or by calling +44-207-743-2030 or from your broker, financial adviser or distributor. The benchmark(s) referenced herein are the intellectual property of the index provider(s). The product is not sponsored or endorsed by the index provider(s). Please refer to the product’s prospectus and/or www.blackrock.com for full disclaimer(s).