Annual report and audited financial statements BlackRock Global Index Funds R.C.S. Luxembourg: B 171278 For the financial year ended 31 March 2021 Contents General Information 2 Chairwoman’s Letter to Shareholders 4 Investment Advisers’ Report 6 Directors’ Report 10 Report on Remuneration (Unaudited) 14 Statement of Net Assets 18 Three Year Summary of Net Asset Values 20 Statement of Operations and Changes in Net Assets 23 Statement of Changes in Shares Outstanding 26 Portfolio of Investments 28 iShares Emerging Markets Equity Index Fund (LU) 28 iShares Emerging Markets Government Bond Index Fund (LU) 43 iShares Europe Equity Index Fund (LU) 65 iShares Euro Aggregate Bond Index Fund (LU) 70 iShares Euro Government Bond Index Fund (LU) 97 iShares Global Government Bond Index Fund (LU) 105 iShares Japan Equity Index Fund (LU) 124 iShares North America Equity Index Fund (LU) 128 iShares Pacific ex Japan Equity Index Fund (LU) 135 iShares World Equity Index Fund (LU) 138 Notes to the Financial Statements 153 Independent Auditors’ Report 161 Appendix I - Performance (Unaudited) 164 Appendix II – Share Classes (Unaudited) 165 Appendix III – Global Market Risk Exposure (Unaudited) 166 Supplementary Information (Unaudited) 167 Subscriptions can only be made on the basis of the current Prospectus, the Key Investor Information Document (“KIID”) supplemented by the most recent annual report and audited financial statements and Interim report and unaudited financial statements, if published after such annual report and audited financial statements. Copies are available at the registered office of the BlackRock Global Index Funds (the ЉCompanyЉ) from the Local Investor Servicing team, the Transfer Agent, the Management Company or any of the Distributors. See General Information section for further details. Annual report and audited financial statements [1] General Information Board of Directors Legal Advisers Denise Voss, Chairwoman (appointed effective 18 May 2020; Linklaters LLP appointed as Chairwoman effective 29 October 2020) 35, avenue J.F.Kennedy, Paul Freeman (resigned as Chairman effective 29 October L-1855 Luxembourg, 2020) Grand Duchy of Luxembourg Ursula Marchioni (appointed effective 12 October 2020) Barry O’Dwyer Securities Lending Agent Geoffrey D. Radcliffe BlackRock Advisors (UK) Limited Keith Saldanha (appointed effective 3 May 2021) 12 Throgmorton Avenue, London EC2N 2DL, All Directors are non-executive Directors. United Kingdom Ursula Marchioni, Barry O’Dwyer, Geoffrey Radcliffe and Keith Saldanha are employees of the BlackRock Group (the BlackRock Group of companies, the ultimate holding company of which Paying Agents is BlackRock, Inc., of which the Management Company, Investment Advisers and Principal Austria: Distributor are part of). Paul Freeman is a former employee of the BlackRock Group. Raiffeisen Bank International AG Denise Voss is an independent Director. Am Stadtpark 9, 1030 Vienna, Management Company Austria BlackRock (Luxembourg) S.A. 35A, avenue J.F.Kennedy, Belgium: L-1855 Luxembourg, J.P. Morgan Chase Bank N.A. Grand Duchy of Luxembourg Brussels Branch, 1 Boulevard du Roi Albert II, Investment Advisers B1210-Brussels, BlackRock Investment Management (UK) Limited Belgium 12 Throgmorton Avenue, London EC2N 2DL, Denmark: United Kingdom BlackRock Copenhagen Branch Harbour House, BlackRock Institutional Trust Company N.A. Sundkrogsgade 21, 400 Howard Street, DK- 2100 Copenhagen, San Francisco CA 94105, Denmark United States of America France: Principal Distributor CACEIS Bank France BlackRock Investment Management (UK) Limited 1-3 Place Valhubert, 12 Throgmorton Avenue, 75013 Paris, London EC2N 2DL, France United Kingdom Germany: Depositary and Fund Accountant J.P.MorganAG State Street Bank International GmbH, Luxembourg Branch CIB / Investor Services – Trustee & Fiduciar, 49, avenue J.F.Kennedy, Taunustor 1 (TaunusTurm), L-1855 Luxembourg, 60310 Frankfurt am Main, Grand Duchy of Luxembourg Germany Listing Agent, Registrar and Transfer Agent Ireland: J.P. Morgan Bank Luxembourg S.A. J.P.Morgan European Bank & Business Centre, 200 Capital Dock, 79 Sir John Rogerson’s Quay, 6C, route de Trèves, Dublin 2 D02 RK57, L-2633 Senningerberg, Ireland Grand Duchy of Luxembourg Luxembourg: Independent Auditor (Central Paying Agent) Deloitte Audit, S.à.r.l. J.P. Morgan Bank Luxembourg S.A. 20, Boulevard de Kockelscheuer, European Bank & Business Centre, L-1821 Luxembourg, 6C, route de Trèves, Grand Duchy of Luxembourg L-2633 Senningerberg, Grand Duchy of Luxembourg [2] BlackRock Global Index Funds General Information continued Sweden: Registered Office BlackRock Investment Management (UK) 49, avenue J.F.Kennedy, Limited-Stockholm Filial L-1855 Luxembourg, Norrlandsgatan 16, Grand Duchy of Luxembourg 111 43 Stockholm, Sweden Enquiries In the absence of other arrangements, enquiries regarding Switzerland: the Company should be addressed as follows: State Street Bank International GmbH Munich Written Enquiries: Zurich Branch BlackRock Investment Management (UK) Limited, Beethovenstrasse 19, c/o BlackRock (Luxembourg) S.A. CH-8027 Zurich, P.O. Box 1058, Switzerland L-1010 Luxembourg, United Kingdom: Grand Duchy of Luxembourg J.P. Morgan Europe Limited All other enquiries: UK Paying Agency Telephone: + 44 207 743 3300, 3 Lochside View, Edinburgh EH12 9DH, Fax: + 44 207 743 1143. United Kingdom Email: [email protected] Current Prospectus The Company’s Prospectus and the relevant KIID along with copies of the Application Form may be obtained from the Investor Service Centre, the Management Company or any of the Representatives or Distributors. Copies of the Company’s Articles of Incorporation, the Annual report and audited financial statements and Interim report and unaudited financial statements may also be obtained free of charge from any of these offices and from the Paying Agents. All these documents are also available from www.blackrockinternational.com. Representatives The representative in Denmark is BlackRock Copenhagen Branch, subsidiary of BlackRock Investment Management (UK) Limited, United Kingdom, Harbour House, Sundkrogsgade 21, Copenhagen, DK 2100, Denmark. The representative in South Africa is BlackRock Investment Management (UK) Limited (South African Branch), Regus Convention Towers, Crn. Of Heerngracht and Coen Steyter Street, Cape Town 8001, South Africa. The representative in Switzerland is BlackRock Asset Management Schweiz AG, Bahnhofstrasse 39, 8001 Zürich, Switzerland. The facilities agent in United Kingdom is BlackRock Investment Management (UK) Limited. Portfolio of Investments Equities are primarily classified by the country of incorporation of the entity in which the Fund (each a “Fund”, together the “Funds”) holds shares. Corporate and government fixed and variable income securities are primarily classified by the country of incorporation of the issuer. Collective Investment Schemes (“CIS”) and Exchange Traded Funds (“ETF”) are primarily classified by the country of domicile of the CIS or ETF. Purchases and Sales A detailed list of investments purchased and sold for any Fund from 1 April 2020 to 31 March 2021 is available upon request, free of charge, from the Registered Office, or the offices of the Representatives as mentioned above. Authorised Status The Company is an undertaking for collective investment in transferable securities (“UCITS”) under the Part I of Luxembourg Law of 17 December 2010, as amended. Regulatory consents have been obtained or appropriate notifications have been made for the distribution of shares of all the Company’s Funds in the umbrella in the following countries: Austria, Chile, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, South Africa, Spain, Sweden, Switzerland and United Kingdom. The Company is duly registered with the Comisión Nacional de Mercado de Valores in Spain under number 1239. Annual report and audited financial statements [3] Chairwoman’s Letter to Shareholders March 2021 Dear Shareholder, I am writing to update you on the activities of BlackRock Global Index Funds (the “Company” or “BGIF”) over the twelve months to 31 March 2021. The BGIF range comprised 10 funds (each a “Fund”, together the “Funds”) as at 31 March 2021. The Funds’ performance is covered in more detail in the separate Investment Advisers’ Report. The twelve months since March 2020 have been an extraordinary period for economies and markets, dominated by the outbreak of an infectious respiratory illness caused by a novel coronavirus known as COVID-19. The outbreak has developed into a global pandemic. More than a year after its discovery, COVID-19 is still creating economic disruption, including travel restrictions, closed international borders, enhanced health screenings at ports of entry and elsewhere, disruption of and delays in healthcare service preparation and delivery, prolonged quarantines, cancellations, supply chain disruptions and lower consumer demand, as well as general concern and uncertainty. The impact of COVID-19 has adversely affected the economies of many nations, individual issuers and capital markets, and could still continue to extents that cannot necessarily be foreseen. In addition, the impact of infectious illnesses in emerging market countries has generally been greater due to less established healthcare systems. Public health crises caused by the COVID-19 outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally. As it stands, the duration of the