iShares IV plc Edge MSCI World Value Factor UCITS ETF Acc (IWFV)

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Funds assets, which reflects the return of the MSCI World Enhanced Value Index, the Funds benchmark index. The Share Class, via the Fund, invests in equity securities (e.g. shares) that, so far as possible and practicable, make up the benchmark index. The benchmark index aims to reflect the performance characteristics of a subset of equity securities within the MSCI World Index (Parent Index) which are selected for their good value. The constituents of the Benchmark Index are selected from the Parent Index based on three main equally weighted indicators of whether equity securities of a company provide good value: comparing the price of an equity to estimated future earnings of the company (based on a consensus of analysts views published by an industry recognised third party source); the price of an equity security relative to the book value (i.e. the value of shareholder equity on the balance sheet) of the company; and enterprise value (a measure of a companys value, incorporating debt and equity) of a company relative to its operating cash flow (i.e. a measure of the amount of cash generated by a companys normal business operations), save that enterprise value is not used as an indicator of good value for financial sector companies due to their capital structure. The Benchmark index incorporates constraints on sector weights to limit significant deviations from the Parent Index. The Parent Index is designed to provide representation of the equity markets in developed countries. Companies are included in the Parent Index based on the proportion of their shares in issue that are available for purchase by international investors. The Fund uses optimising techniques to achieve a similar return to its benchmark index.