The iShares Global Clean Energy Transition UCITS ETF (INRG) is an Ireland-domiciled thematic equity ETF managed by BlackRock through its iShares platform. INRG represents the fund's distributing share class traded on the London Stock Exchange.

The fund seeks to track the S&P Global Clean Energy Transition Index, a benchmark comprising companies from developed and emerging markets involved in clean energy-related businesses.

INRG follows a passive investment strategy and uses physical replication, investing directly in equities to closely track the characteristics and performance of its benchmark.

The S&P Global Clean Energy Transition Index draws its universe from the S&P Global BMI and applies criteria designed to identify companies with meaningful exposure to clean energy-related businesses. Its methodology also establishes market capitalization, liquidity, and trading requirements, along with weighting rules designed to manage portfolio concentration.

Composition / Exposure Profile

INRG provides exposure to companies involved in different areas of the transition toward cleaner energy sources, including businesses related to renewable power generation and the development of equipment, technologies, and solutions for the clean energy market.

Exposure may include areas such as:

• Solar energy.

• Wind energy.

• Hydroelectric power.

• Other renewable energy sources.

• Clean energy equipment and technologies.

• Utilities with meaningful exposure to clean energy generation.

Geographic exposure is global and includes companies from both developed and emerging markets. Because companies are selected based on their exposure to the clean energy theme, the allocation across countries, sectors, and business activities can change over time as the index composition evolves.

As a thematic ETF, INRG's performance can be particularly sensitive to changes in energy policies, interest rates, infrastructure investment, financing costs, electricity prices, and demand for clean energy technologies and generation sources.

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. INRG trades on the London Stock Exchange. The ETF has a total expense ratio (TER) of 0.65% per year, uses physical replication, and is domiciled in Ireland. It operates as part of iShares II plc under the UCITS framework.

INRG follows a distributing income policy, with distributions made semi-annually. Dividends received from portfolio companies may therefore be periodically distributed to shareholders in accordance with the share class's distribution policy.

History and Evolution of the ETF

The iShares Global Clean Energy Transition UCITS ETF USD (Dist) was launched in 2007 to provide exposure to global companies involved in clean energy-related businesses.

Since its launch, the fund has maintained a passive strategy linked to a benchmark focused on this theme, tracking companies involved in clean energy generation and the development of technologies and solutions associated with the energy transition.

Throughout its history, INRG's performance has reflected cycles in the clean energy industry as well as factors including energy transition policies, financing conditions, infrastructure investment, and changes in demand for renewable energy sources and related technologies.

Additional Information

iShares Global Clean Energy Transition UCITS ETF USD Dist (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $2.81 billion.

Over the past 12 months, iShares Global Clean Energy Transition UCITS ETF USD Dist recorded a return of -7.01%, with its price trading between $8.77 and $13.51 during the same period.

The ETF is traded under the ticker INRG.