IMPORTANT: Investment involves risk, including the loss of principal. Investors should refer to the Prospectus and Key Facts Statement of the iShares Core MSCI Taiwan Index ETF (the “ETF”) for details, including the risk factors. If you are in any doubt, you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser for independent financial advice.  Investors should not base investment decisions on this marketing material alone. Investors should note:
• The ETF aims to provide investment results that, before fees and expenses, closely correspond to the performance of the MSCI Taiwan Index.
• The ETF’s exposure is concentrated in the Taiwanese market and a greater portion of its assets may be represented in a single security or group of securities. It may be more susceptible to adverse economic, political, foreign exchange, liquidity, tax, legal or regulatory event affecting the Taiwanese market. The ETF may also subject to risks associated with the social factors, governmental changes, substantial government intervention, policies regarding inward investment and the restrictions on currency repatriation in Taiwan. Commodity market fluctuations and appreciation of the New Taiwan Dollar (“TWD”) may also affect the ETF’s Net Asset Value (“NAV”).
• The majority of underlying investments of the ETF are denominated in TWD, instead of the ETF’s base currency, USD. The ETF’s NAV may be affected unfavorably by fluctuations in the exchange rate between TWD and USD and by any change in exchange rate controls.
• All units will receive distributions in the base currency, USD, only. In the event that a unitholder has no USD account, the unitholder may have to bear (i) the fees and charges associated with the conversion of such dividend distributions from the base currency to HKD or any other currency; and (ii) the other bank or financial institutional fees and charges associated with the handling of the distribution payment. Unitholders are advised to check with their brokers regarding arrangements for distribution.
• Investors may be subject to additional costs or losses associated with foreign currency fluctuations between the base currency and the HKD trading currency. 
• The ETF may be subject to tracking error risk, which is the risk that its performance may not track that of the underlying index exactly.
• The units of the ETF are traded on the SEHK. The trading price of the units is subject to market forces and may trade at a substantial premium or discount to the ETF’s NAV, which may also increase due to the differences in trading hours between the Taiwan Stock Exchange and the SEHK. As the Taiwan Stock Exchange may be open when units of the ETF are not priced, the securities’ values in the ETF may change on days when investors cannot trade the units.
• The price of units traded in different counters may deviate significantly. If there is a suspension of the inter-counter transfer of units between the counters and/or any limitation on the level of services provided by brokers and CCASS participants, unitholders can only trade their units in one counter.
• The Manager may at its discretion pay distributions out of capital, or effectively out of capital, of the ETF. Payment of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the NAV per unit.
• The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The Fund may suffer losses from its derivatives usage.
• The ETF is subject to securities lending transactions risks. In particular, the borrower may fail to return the securities in a timely manner and the value of the collateral may fall below the value of the securities lent out.