BlackRock Plans to Expand its iShares iBonds ETF Platform with Launch of Nine Funds

BlackRock announced plans to expand its iShares iBonds ETF platform with the launch of nine funds, extending the franchise?s maturity range across U.S. Treasuries, TIPS, investment grade corporates, high yield and municipal bonds. BlackRock manages $52,000 million in iBonds ETFs and has launched over 120 funds, with 75 currently active. iBonds ETFs hold diverse bonds with matching maturity dates.

Each ETF intends to provide regular interest payments and distributes a final payout in its stated maturity year. iShares is a global leader in ETFs, managing more than $5,700,000 million in assets, including over $1,200,000 million in bond ETFs. Since launching the first bond ETF in 2002, BlackRock has continued to redefine fixed income investing through innovation and scale.

As of March 5, the registration statements of the Funds are effective but not yet available to trade. BlackRock intends to launch the Funds before the end of April 2026. Fund Name Index Ticker Exchange iShares iBonds Dec 2036 Term Treasury ETF ICE 2036 Maturity US Treasury Index IBTR Nasdaq iShares iBonds Dec 2046 Term Treasury ETF ICE 2046 Maturity US Treasury Index IBGC Nasdaq iShares iBonds Dec 2056 Term Treasury ETF ICE 2056 Maturity US Treasury Index IBGM Nasdaq iShares iBonds Oct 2036 Term TIPS ETF ICE 2036 Maturity US Inflation-Linked Treasury Index IBIM NYSE Arca iShares iBonds Dec 2036 Term Corporate ETF Bloomberg December 2036 Maturity Corporate Index IBCB NYSE Arca iShares iBonds 2033 Term High Yield and Income ETF Bloomberg 2033 Term High Yield and Income Index IBHM Cboe iShares iBonds Dec 2032 Term Muni Bond ETF S&P AMT-Free Municipal Series Callable-Adjusted 2032 Index IBMU Cboe iShares iBonds Dec 2033 Term Muni Bond ETF S&P AMT-Free Municipal Series Callable-Adjusted 2033 Index IBMV Cboe iShares iBonds Dec 2034 Term Muni Bond ETF S&P AMT-Free Municipal Series Callable-Adjusted 2034 Index IBMW Cboe A registration statement has been filed for the Fund and the registration statement has become effective.

However, shares of the Fund are not yet available for purchase or sale. 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.

Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in the value of debt securities. Credit risk refers to the possibility that the debt issuer will not be able to make principal and interest payments.

Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated securities. There may be less information on the financial condition of municipal issuers than for public corporations. The market for municipal bonds may be less liquid than for taxable bonds.

Some investors may be subject to federal or state income taxes or the Alternative Minimum Tax (AMT). Capital gains distributions, if any, are taxable. TIPS can provide investors a hedge against inflation, as the inflation adjustment feature helps preserve the purchasing power of the investment.

Because of this inflation adjustment feature, inflation protected bonds typically have lower yields than conventional fixed rate bonds and will likely decline in price during periods of deflation, which could result in losses. Government backing applies only to government issued securities, and does not apply to the funds. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency and its return and yield will fluctuate with market conditions.

The iShares iBonds ETFs will terminate in October or December of the year in the fund's name. An investment in the Fund(s) is not guaranteed, and an investor may experience losses, including near or at the termination date. In the final months of the Fund?s operation, as the bonds it holds mature, its portfolio will transition to cash and cash-like instruments.

Following the Fund?s termination date, the Fund will distribute substantially all of its net assets, after deduction of any liabilities, to then-current investors without further notice and will no longer be listed or traded. The Funds do not seek to return any predetermined amount. During the months prior to the Fund?s planned termination date, its yield will generally tend to move toward prevailing money market rates (or, in the case of the Muni iBonds ETFs, tax-exempt money market rates), and may be lower than the yields of the bonds previously held by the Fund and lower than prevailing yields for bonds in the market.

The rate of Fund distribution payments may adversely affect the tax characterization of an investor?s returns from an investment in the Fund relative to a direct investment in bonds. If the amount an investor receives as liquidation proceeds upon the Fund?s termination is higher or lower than the investor?s cost basis, the investor may experience a gain or loss for tax purposes. There is no guarantee that any fund will pay dividends.

Buying and selling shares of ETFs may result in brokerage commissions. Diversification and asset allocation may not protect against market risk or loss of principal. The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.

There is no guarantee that any strategies discussed will be effective. The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.

Similarly, the material does not constitute, and should not be relied on as, legal, regulatory, accounting, tax, investment, trading or other advice. Any financial, tax, or legal information contained herein is included for informational purposes only. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock).