MSCI Inc. announced that it has entered into an amendment to its Master Index License Agreement for Exchange Traded Funds with BlackRock Fund Advisors and certain affiliates. The amendment extends the term of the existing ETF agreements until March 31, 2035, with automatic three-year renewal periods thereafter unless terminated in writing by either party. Under the amendment, MSCI will continue to license certain equity indexes to BlackRock for use as the basis of exchange-traded funds. BlackRock will continue to pay MSCI a periodic license fee based on assets under management and the expense ratio of each fund. The amendment introduces revised license fees for certain funds, effective January 1, 2026, with additional changes beginning January 1, 2027, based on each fund’s expense ratio and AUM. No other material changes to the fee structure were made.

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