iShares

iShares ETFs

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

View Quotes & Charts Monthly Performance Report Distribution Schedule Product List

iShares Fund Name

Inception Date

Total Returns (%)

Quarter End as of 12/31/2011

Market Price Returns (%)

Quarter End as of 12/31/2011

Fees and Expenses (%)

Cumulative

Average Annualized

Cumulative

Average Annualized

Mgmt.
Fees

Acquired Fund Fees
& Expenses ‡

Total Annual Fund
Operating Expenses

Less Fee
Waivers*

Net Expenses*

Since
Inception

1 Year

5 Year

10 Year

Since
Inception

Since
Inception

1 Year

5 Year

10 Year

Since
Inception

Cohen & Steers Realty Majors Index Fund (ICF)

1/29/2001

189.20

10.18

-2.98

10.01

10.21

189.36

10.15

-2.94

10.00

10.22

0.35

0.00

0.35

N/A

N/A
Dow Jones International Select Dividend Index Fund (IDV)

6/11/2007

-23.17

-6.71

N/A

N/A

-5.62

-23.02

-7.12

N/A

N/A

-5.58

0.50

0.00

0.50

N/A

N/A
Dow Jones Select Dividend Index Fund (DVY)

11/3/2003

43.91

11.90

-1.51

N/A

4.56

43.86

11.79

-1.51

N/A

4.56

0.40

0.00

0.40

N/A

N/A
Dow Jones Transportation Average Index Fund (IYT)

10/6/2003

95.76

-1.41

3.27

N/A

8.50

95.71

-1.49

3.27

N/A

8.49

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Aerospace & Defense Index Fund (ITA)

5/1/2006

27.35

5.00

3.73

N/A

4.35

27.32

4.97

3.74

N/A

4.35

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Basic Materials Sector Index Fund (IYM)

6/12/2000

119.56

-15.14

3.52

7.20

7.04

119.49

-15.18

3.53

7.18

7.04

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Broker-Dealers Index Fund (IAI)

5/1/2006

-54.07

-27.16

-16.23

N/A

-12.82

-54.05

-27.18

-16.22

N/A

-12.81

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Consumer Goods Sector Index Fund (IYK)

6/12/2000

106.93

8.27

5.12

6.65

6.49

106.86

8.19

5.12

6.63

6.49

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Consumer Services Sector Index Fund (IYC)

6/12/2000

28.92

6.69

2.24

3.25

2.22

28.99

6.68

2.27

3.25

2.23

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Energy Sector Index Fund (IYE)

6/12/2000

173.68

3.75

4.63

11.13

9.10

173.53

3.65

4.62

11.12

9.10

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Financial Sector Index Fund (IYF)

5/22/2000

-13.45

-13.18

-14.28

-2.82

-1.24

-13.41

-13.20

-14.29

-2.84

-1.23

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Financial Services Index Fund (IYG)

6/12/2000

-34.50

-20.37

-18.01

-4.96

-3.59

-34.52

-20.41

-18.04

-4.99

-3.60

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Healthcare Providers Index Fund (IHF)

5/1/2006

20.75

9.46

1.99

N/A

3.38

20.79

9.39

2.00

N/A

3.39

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Healthcare Sector Index Fund (IYH)

6/12/2000

35.87

11.26

3.10

2.64

2.69

35.88

11.23

3.11

2.64

2.69

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Home Construction Index Fund (ITB)

5/1/2006

-74.43

-8.89

-21.53

N/A

-21.38

-74.44

-8.96

-21.53

N/A

-21.38

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Index Fund (IYY)

6/12/2000

12.65

1.15

0.10

3.39

1.04

12.60

1.03

0.11

3.41

1.03

0.20

0.00

0.20

N/A

N/A
Dow Jones U.S. Industrial Sector Index Fund (IYJ)

6/12/2000

26.51

-1.25

1.18

3.76

2.06

26.50

-1.31

1.19

3.75

2.06

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Insurance Index Fund (IAK)

5/1/2006

-37.02

-7.78

-10.59

N/A

-7.83

-37.00

-7.80

-10.57

N/A

-7.82

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Medical Devices Index Fund (IHI)

5/1/2006

19.53

-0.04

2.96

N/A

3.20

19.55

-0.03

2.95

N/A

3.20

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (IEO)

5/1/2006

23.72

-3.26

5.60

N/A

3.82

23.74

-3.26

5.62

N/A

3.83

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Oil Equipment & Services Index Fund (IEZ)

5/1/2006

3.76

-7.53

3.25

N/A

0.65

3.72

-7.62

3.25

N/A

0.65

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Pharmaceuticals Index Fund (IHE)

5/1/2006

65.75

21.20

9.08

N/A

9.32

65.72

21.13

9.09

N/A

9.32

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Real Estate Index Fund (IYR)

6/12/2000

189.70

5.63

-3.13

8.67

9.64

189.59

5.50

-3.13

8.64

9.64

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Regional Banks Index Fund (IAT)

5/1/2006

-50.19

-12.77

-14.29

N/A

-11.57

-50.20

-12.81

-14.29

N/A

-11.57

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Technology Sector Index Fund (IYW)

5/15/2000

-42.88

-0.13

3.75

2.28

-4.70

-42.88

-0.16

3.75

2.24

-4.70

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Telecommunications Sector Index Fund (IYZ)

5/22/2000

-49.75

-7.29

-3.61

-1.20

-5.75

-49.82

-7.47

-3.64

-1.23

-5.77

0.47

0.00

0.47

N/A

N/A
Dow Jones U.S. Utilities Sector Index Fund (IDU)

6/12/2000

83.87

18.61

3.10

6.81

5.41

83.89

18.57

3.12

6.77

5.41

0.47

0.00

0.47

N/A

N/A
FTSE China (HK Listed) Index Fund (FCHI)

6/24/2008

-10.88

-17.85

N/A

N/A

-3.22

-10.94

-17.74

N/A

N/A

-3.24

0.72

0.00

0.72

N/A

N/A
FTSE China 25 Index Fund (FXI)

10/5/2004

118.00

-17.71

0.35

N/A

11.36

118.25

-17.48

0.36

N/A

11.38

0.72

0.00

0.72

N/A

N/A
FTSE Developed Small Cap ex-North America Index Fund (IFSM)

11/12/2007

-29.57

-18.42

N/A

N/A

-8.12

-29.65

-18.28

N/A

N/A

-8.15

0.50

0.00

0.50

N/A

N/A
FTSE EPRA/NAREIT Developed Asia Index Fund (IFAS)

11/12/2007

-38.30

-20.02

N/A

N/A

-11.02

-39.02

-20.79

N/A

N/A

-11.27

0.48

0.00

0.48

N/A

N/A
FTSE EPRA/NAREIT Developed Europe Index Fund (IFEU)

11/12/2007

-38.48

-13.24

N/A

N/A

-11.08

-38.74

-13.67

N/A

N/A

-11.17

0.48

0.00

0.48

N/A

N/A
FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund (IFGL)

11/12/2007

-35.10

-15.98

N/A

N/A

-9.92

-35.15

-16.02

N/A

N/A

-9.94

0.48

0.00

0.48

N/A

N/A
FTSE EPRA/NAREIT North America Index Fund (IFNA)

11/12/2007

1.43

7.56

N/A

N/A

0.34

1.02

6.76

N/A

N/A

0.24

0.48

0.00

0.48

N/A

N/A
FTSE NAREIT Industrial/Office Capped Index Fund (FNIO)

5/1/2007

-38.87

-2.69

N/A

N/A

-10.00

-38.94

-2.72

N/A

N/A

-10.02

0.48

0.00

0.48

N/A

N/A
FTSE NAREIT Mortgage Plus Capped Index Fund (REM)

5/1/2007

-56.97

-9.29

N/A

N/A

-16.52

-56.98

-9.35

N/A

N/A

-16.52

0.48

0.00

0.48

N/A

N/A
FTSE NAREIT Real Estate 50 Index Fund (FTY)

5/1/2007

-10.88

8.89

N/A

N/A

-2.44

-11.16

8.92

N/A

N/A

-2.50

0.48

0.00

0.48

N/A

N/A
FTSE NAREIT Residential Plus Capped Index Fund (REZ)

5/1/2007

11.95

15.85

N/A

N/A

2.45

11.66

15.84

N/A

N/A

2.39

0.48

0.00

0.48

N/A

N/A
FTSE NAREIT Retail Capped Index Fund (RTL)

5/1/2007

-25.74

6.52

N/A

N/A

-6.17

-25.61

6.37

N/A

N/A

-6.14

0.48

0.00

0.48

N/A

N/A
High Dividend Equity Fund (HDV)

3/29/2011

12.12

N/A

N/A

N/A

N/A

12.12

N/A

N/A

N/A

N/A

0.40

0.00

0.40

N/A

N/A
Morningstar Large Core Index Fund (JKD)

6/28/2004

36.85

3.20

0.93

N/A

4.26

36.73

3.19

0.92

N/A

4.25

0.20

0.00

0.20

N/A

N/A
Morningstar Large Growth Index Fund (JKE)

6/28/2004

16.62

1.30

1.32

N/A

2.07

16.54

1.27

1.32

N/A

2.06

0.25

0.00

0.25

N/A

N/A
Morningstar Large Value Index Fund (JKF)

6/28/2004

22.07

1.94

-3.83

N/A

2.69

21.92

1.86

-3.84

N/A

2.67

0.25

0.00

0.25

N/A

N/A
Morningstar Mid Core Index Fund (JKG)

6/28/2004

57.55

2.06

2.12

N/A

6.24

57.44

1.92

2.07

N/A

6.23

0.25

0.00

0.25

N/A

N/A
Morningstar Mid Growth Index Fund (JKH)

6/28/2004

60.68

-2.51

2.41

N/A

6.52

60.57

-2.62

2.41

N/A

6.51

0.30

0.00

0.30

N/A

N/A
Morningstar Mid Value Index Fund (JKI)

6/28/2004

44.66

-2.87

-0.92

N/A

5.04

44.59

-3.06

-0.94

N/A

5.03

0.30

0.00

0.30

N/A

N/A
Morningstar Small Core Index Fund (JKJ)

6/28/2004

50.29

-4.89

0.43

N/A

5.57

50.04

-5.03

0.40

N/A

5.55

0.25

0.00

0.25

N/A

N/A
Morningstar Small Growth Index Fund (JKK)

6/28/2004

41.73

-1.22

2.69

N/A

4.75

41.54

-1.34

2.69

N/A

4.73

0.30

0.00

0.30

N/A

N/A
Morningstar Small Value Index Fund (JKL)

6/28/2004

56.60

-2.08

1.47

N/A

6.15

56.37

-2.22

1.45

N/A

6.13

0.30

0.00

0.30

N/A

N/A
MSCI ACWI ex US Consumer Discretionary Sector Index Fund (AXDI)

7/13/2010

4.42

-14.34

N/A

N/A

2.98

3.78

-14.30

N/A

N/A

2.56

0.48

0.00

0.48

N/A

N/A
MSCI ACWI ex US Consumer Staples Sector Index Fund (AXSL)

7/13/2010

17.38

3.15

N/A

N/A

11.51

17.77

3.60

N/A

N/A

11.76

0.48

0.00

0.48

N/A

N/A
MSCI ACWI ex US Energy Sector Index Fund (AXEN)

7/13/2010

10.61

-7.78

N/A

N/A

7.09

9.94

-8.23

N/A

N/A

6.66

0.48

0.00

0.48

N/A

N/A
MSCI ACWI ex US Financials Sector Index Fund (AXFN)

1/20/2010

-17.74

-20.71

N/A

N/A

-9.54

-18.16

-21.23

N/A

N/A

-9.78

0.48

0.00

0.48

N/A

N/A
MSCI ACWI ex US Health Care Sector Index Fund (AXHE)

7/13/2010

17.06

5.85

N/A

N/A

11.30

15.95

5.35

N/A

N/A

10.58

0.48

0.00

0.48

N/A

N/A
MSCI ACWI ex US Index Fund (ACWX)

3/26/2008

-20.67

-14.01

N/A

N/A

-5.96

-20.36

-14.02

N/A

N/A

-5.86

0.34

0.00

0.34

N/A

N/A
MSCI ACWI ex US Industrials Sector Index Fund (AXID)

7/13/2010

0.40

-16.97

N/A

N/A

0.27

-0.59

-17.40

N/A

N/A

-0.40

0.48

0.00

0.48

N/A

N/A
MSCI ACWI ex US Information Technology Sector Index Fund (AXIT)

7/13/2010

-3.29

-17.25

N/A

N/A

-2.25

-4.22

-17.87

N/A

N/A

-2.89

0.48

0.00

0.48

N/A

N/A
MSCI ACWI ex US Materials Sector Index Fund (AXMT)

7/13/2010

0.14

-24.37

N/A

N/A

0.09

-0.08

-24.38

N/A

N/A

-0.06

0.48

0.00

0.48

N/A

N/A
MSCI ACWI ex US Telecommunication Services Sector Index Fund (AXTE)

7/13/2010

10.77

-2.17

N/A

N/A

7.20

10.00

-2.67

N/A

N/A

6.69

0.48

0.00

0.48

N/A

N/A
MSCI ACWI ex US Utilities Sector Index Fund (AXUT)

7/13/2010

-10.03

-16.79

N/A

N/A

-6.93

-10.46

-16.86

N/A

N/A

-7.23

0.48

0.00

0.48

N/A

N/A
MSCI ACWI Index Fund (ACWI)

3/26/2008

-10.23

-7.60

N/A

N/A

-2.82

-10.09

-7.71

N/A

N/A

-2.78

0.34

0.00

0.34

N/A

N/A
MSCI All Country Asia ex Japan Index Fund (AAXJ)

8/13/2008

5.53

-20.01

N/A

N/A

1.60

5.40

-20.28

N/A

N/A

1.57

0.67

0.01

0.68

0.01

0.67
MSCI All Country Asia ex Japan Small Cap Index Fund (AXJS)

2/2/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.75

0.00

0.75

N/A

N/A
MSCI All Country World Minimum Volatility Index Fund (ACWV)

10/18/2011

2.88

N/A

N/A

N/A

N/A

2.96

N/A

N/A

N/A

N/A

0.35

0.01

0.36

0.01

0.35
MSCI All Peru Capped Index Fund (EPU)

6/19/2009

63.51

-21.11

N/A

N/A

21.39

60.54

-21.92

N/A

N/A

20.51

0.59

0.00

†0.59

N/A

N/A
MSCI Australia Index Fund (EWA)

3/12/1996

280.91

-11.22

2.69

13.09

8.83

278.16

-11.55

2.61

13.05

8.78

0.52

0.00

0.52

N/A

N/A
MSCI Australia Small Cap Index Fund (EWAS)

1/25/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.59

0.00

0.59

N/A

N/A
MSCI Austria Investable Market Index Fund (EWO)

3/12/1996

79.91

-33.76

-14.56

9.09

3.78

80.09

-34.16

-14.64

9.22

3.79

0.52

0.00

0.52

N/A

N/A
MSCI Belgium Investable Market Index Fund (EWK)

3/12/1996

56.91

-15.17

-12.93

3.07

2.89

56.00

-15.46

-13.01

3.12

2.85

0.52

0.00

0.52

N/A

N/A
MSCI Brazil Index Fund (EWZ)

7/10/2000

294.64

-22.32

7.66

19.50

12.70

294.31

-24.22

7.75

19.33

12.69

0.59

0.00

0.59

N/A

N/A
MSCI Brazil Small Cap Index Fund (EWZS)

9/28/2010

-10.18

-24.14

N/A

N/A

-8.16

-9.68

-23.94

N/A

N/A

-7.76

0.59

0.00

0.59

N/A

N/A
MSCI BRIC Index Fund (BKF)

11/12/2007

-31.34

-24.19

N/A

N/A

-8.69

-31.37

-24.69

N/A

N/A

-8.70

0.67

0.00

0.67

N/A

N/A
MSCI Canada Index Fund (EWC)

3/12/1996

355.35

-12.91

2.76

10.86

10.06

354.88

-12.46

2.79

11.00

10.06

0.52

0.00

0.52

N/A

N/A
MSCI Canada Small Cap Index Fund (EWCS)

1/25/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.59

0.00

0.59

N/A

N/A
MSCI Chile Investable Market Index Fund (ECH)

11/12/2007

25.41

-25.31

N/A

N/A

5.62

24.43

-26.41

N/A

N/A

5.43

0.59

0.00

0.59

N/A

N/A
MSCI China Index Fund (MCHI)

3/29/2011

-19.02

N/A

N/A

N/A

N/A

-18.74

N/A

N/A

N/A

N/A

0.58

0.00

0.58

N/A

N/A
MSCI China Small Cap Index Fund (ECNS)

9/28/2010

-32.39

-37.62

N/A

N/A

-26.70

-32.89

-38.26

N/A

N/A

-27.13

0.59

0.00

0.59

N/A

N/A
MSCI Denmark Capped Investable Market Index Fund (EDEN)

1/25/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.53

0.00

0.53

N/A

N/A
MSCI EAFE Growth Index Fund (EFG)

8/1/2005

14.78

-12.28

-3.26

N/A

2.17

14.46

-12.84

-3.42

N/A

2.13

0.40

0.00

0.40

N/A

N/A
MSCI EAFE Index Fund (EFA)

8/14/2001

46.57

-12.18

-4.78

4.58

3.75

46.68

-12.31

-4.84

4.56

3.76

0.34

0.00

0.34

N/A

N/A
MSCI EAFE Minimum Volatility Index Fund (EFAV)

10/18/2011

-0.17

N/A

N/A

N/A

N/A

1.44

N/A

N/A

N/A

N/A

0.35

0.00

0.35

0.15

0.20
MSCI EAFE Small Cap Index Fund (SCZ)

12/10/2007

-23.64

-14.91

N/A

N/A

-6.43

-23.67

-15.13

N/A

N/A

-6.44

0.40

0.00

0.40

N/A

N/A
MSCI EAFE Value Index Fund (EFV)

8/1/2005

3.10

-12.24

-6.38

N/A

0.48

3.19

-12.50

-6.51

N/A

0.49

0.40

0.00

0.40

N/A

N/A
MSCI Emerging Markets Eastern Europe Index Fund (ESR)

9/30/2009

-1.10

-22.99

N/A

N/A

-0.49

-1.02

-23.43

N/A

N/A

-0.45

0.68

0.00

0.68

N/A

N/A
MSCI Emerging Markets EMEA Index Fund (EEME)

1/18/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.68

0.00

0.68

0.19

0.49
MSCI Emerging Markets Financials Sector Index Fund (EMFN)

1/20/2010

-8.78

-23.13

N/A

N/A

-4.61

-7.24

-21.91

N/A

N/A

-3.78

0.67

0.00

0.67

N/A

N/A
MSCI Emerging Markets Index Fund (EEM)

4/7/2003

283.38

-18.87

1.68

N/A

16.63

284.31

-18.81

1.73

N/A

16.66

0.67

0.00

†0.67

N/A

N/A
MSCI Emerging Markets Latin America Index Fund (EEML)

1/18/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.68

0.00

0.68

0.19

0.49
MSCI Emerging Markets Materials Sector Index Fund (EMMT)

1/20/2010

-17.16

-28.87

N/A

N/A

-9.21

-17.63

-29.74

N/A

N/A

-9.48

0.67

0.00

0.67

N/A

N/A
MSCI Emerging Markets Minimum Volatility Index Fund (EEMV)

10/18/2011

2.41

N/A

N/A

N/A

N/A

3.10

N/A

N/A

N/A

N/A

0.69

0.00

0.69

0.44

0.25
MSCI Emerging Markets Small Cap Index Fund (EEMS)

8/16/2011

-18.25

N/A

N/A

N/A

N/A

-17.71

N/A

N/A

N/A

N/A

0.69

0.00

0.69

N/A

N/A
MSCI EMU Index Fund (EZU)

7/25/2000

-9.91

-17.66

-8.36

2.57

-0.91

-10.06

-18.00

-8.45

2.55

-0.92

0.52

0.00

0.52

N/A

N/A
MSCI Europe Financials Sector Index Fund (EUFN)

1/20/2010

-33.08

-26.49

N/A

N/A

-18.63

-33.03

-26.70

N/A

N/A

-18.60

0.48

0.00

0.48

N/A

N/A
MSCI Far East Financials Sector Index Fund (FEFN)

1/20/2010

-12.42

-21.07

N/A

N/A

-6.58

-12.65

-21.19

N/A

N/A

-6.70

0.48

0.00

0.48

N/A

N/A
MSCI Finland Capped Investable Market Index Fund (EFNL)

1/25/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.53

0.00

0.53

N/A

N/A
MSCI France Index Fund (EWQ)

3/12/1996

128.90

-16.87

-7.67

2.68

5.38

128.08

-17.79

-7.78

2.65

5.35

0.52

0.00

†0.52

N/A

N/A
MSCI Germany Index Fund (EWG)

3/12/1996

109.59

-18.10

-4.10

4.45

4.79

109.36

-17.68

-4.13

4.44

4.79

0.51

0.00

0.51

N/A

N/A
MSCI Germany Small Cap Index Fund (EWGS)

1/25/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.59

0.00

0.59

N/A

N/A
MSCI Global Agriculture Producers Fund (VEGI)

1/31/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.39

0.01

0.40

0.01

0.39
MSCI Global Energy Producers Fund (FILL)

1/31/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.39

0.00

0.39

N/A

N/A
MSCI Global Gold Miners Fund (RING)

1/31/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.39

0.00

0.39

N/A

N/A
MSCI Global Select Metals & Mining Producers Fund (PICK)

1/31/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.39

0.02

0.41

0.02

0.39
MSCI Global Silver Miners Fund (SLVP)

1/31/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.39

0.00

0.39

N/A

N/A
MSCI Hong Kong Index Fund (EWH)

3/12/1996

87.81

-16.34

2.15

7.89

4.07

88.11

-16.25

2.28

8.04

4.08

0.52

0.00

0.52

N/A

N/A
MSCI Hong Kong Small Cap Index Fund (EWHS)

1/10/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.59

0.00

0.59

N/A

N/A
MSCI India Index Fund (INDA)

2/2/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.65

0.00

0.65

N/A

N/A
MSCI Indonesia Investable Market Index Fund (EIDO)

5/5/2010

26.94

3.19

N/A

N/A

15.45

26.41

1.84

N/A

N/A

15.16

0.59

0.00

0.59

N/A

N/A
MSCI Ireland Capped Investable Market Index Fund (EIRL)

5/5/2010

-12.49

-3.99

N/A

N/A

-7.72

-13.42

-5.31

N/A

N/A

-8.31

0.52

0.00

0.52

N/A

N/A
MSCI Israel Capped Investable Market Index Fund (EIS)

3/26/2008

-12.69

-32.27

N/A

N/A

-3.54

-12.76

-32.69

N/A

N/A

-3.56

0.59

0.00

0.59

N/A

N/A
MSCI Italy Index Fund (EWI)

3/12/1996

69.97

-24.01

-15.18

0.13

3.41

69.44

-24.26

-15.21

0.12

3.39

0.51

0.00

0.51

N/A

N/A
MSCI Japan Index Fund (EWJ)

3/12/1996

-29.44

-14.88

-7.00

2.45

-2.18

-29.70

-14.78

-7.19

2.55

-2.20

0.51

0.00

0.51

N/A

N/A
MSCI Japan Small Cap Index Fund (SCJ)

12/20/2007

-3.55

-4.46

N/A

N/A

-0.89

-3.88

-4.41

N/A

N/A

-0.98

0.51

0.00

0.51

N/A

N/A
MSCI KLD 400 Social Index Fund (DSI)

11/14/2006

0.04

1.12

-0.28

N/A

0.01

0.12

1.14

-0.26

N/A

0.02

0.50

0.00

0.50

N/A

N/A
MSCI Kokusai Index Fund (TOK)

12/10/2007

-19.16

-4.26

N/A

N/A

-5.10

-18.58

-3.85

N/A

N/A

-4.94

0.25

0.00

0.25

N/A

N/A
MSCI Malaysia Index Fund (EWM)

3/12/1996

56.65

-0.50

11.85

13.30

2.88

53.96

-2.53

11.70

13.29

2.77

0.52

0.00

0.52

N/A

N/A
MSCI Mexico Investable Market Index Fund (EWW)

3/12/1996

621.87

-12.32

2.64

15.41

13.32

622.47

-12.00

2.64

15.43

13.33

0.52

0.00

0.52

N/A

N/A
MSCI Netherlands Investable Market Index Fund (EWN)

3/12/1996

77.86

-14.85

-5.06

2.68

3.71

76.91

-15.91

-5.15

2.68

3.67

0.52

0.00

0.52

N/A

N/A
MSCI New Zealand Investable Market Index Fund (ENZL)

9/1/2010

18.55

1.82

N/A

N/A

13.60

17.44

-0.06

N/A

N/A

12.80

0.51

0.00

0.51

N/A

N/A
MSCI Norway Capped Investable Market Index Fund (ENOR)

1/23/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.53

0.00

0.53

N/A

N/A
MSCI Pacific ex-Japan Index Fund (EPP)

10/25/2001

231.31

-13.04

2.58

11.70

12.48

228.89

-13.69

2.42

11.68

12.40

0.50

0.00

0.50

N/A

N/A
MSCI Philippines Investable Market Index Fund (EPHE)

9/28/2010

-3.69

-3.28

N/A

N/A

-2.94

-4.13

-4.50

N/A

N/A

-3.29

0.59

0.00

0.59

N/A

N/A
MSCI Poland Investable Market Index Fund (EPOL)

5/25/2010

-2.01

-31.30

N/A

N/A

-1.26

-2.43

-31.91

N/A

N/A

-1.52

0.59

0.00

0.59

N/A

N/A
MSCI Russia Capped Index Fund (ERUS)

11/9/2010

-16.06

-20.81

N/A

N/A

-14.18

-15.32

-20.18

N/A

N/A

-13.52

0.58

0.00

0.58

N/A

N/A
MSCI Singapore Index Fund (EWS)

3/12/1996

37.59

-17.90

3.25

11.55

2.04

37.08

-18.57

3.11

11.55

2.02

0.52

0.00

0.52

N/A

N/A
MSCI Singapore Small Cap Index Fund (EWSS)

1/10/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.59

0.00

0.59

N/A

N/A
MSCI South Africa Index Fund (EZA)

2/3/2003

308.73

-14.83

4.94

N/A

17.12

306.69

-15.57

4.74

N/A

17.05

0.59

0.00

0.59

N/A

N/A
MSCI South Korea Index Fund (EWY)

5/9/2000

180.17

-11.73

2.28

12.44

9.25

179.94

-13.48

2.26

12.33

9.24

0.59

0.00

0.59

N/A

N/A
MSCI Spain Index Fund (EWP)

3/12/1996

292.24

-10.05

-5.79

7.34

9.03

292.62

-10.14

-5.77

7.42

9.04

0.52

0.00

0.52

N/A

N/A
MSCI Sweden Index Fund (EWD)

3/12/1996

257.64

-15.94

-1.41

8.70

8.40

255.45

-16.78

-1.57

8.68

8.35

0.51

0.00

0.51

N/A

N/A
MSCI Switzerland Index Fund (EWL)

3/12/1996

146.19

-7.31

-0.07

7.24

5.86

145.57

-7.86

-0.16

7.18

5.85

0.52

0.00

0.52

N/A

N/A
MSCI Taiwan Index Fund (EWT)

6/20/2000

-21.11

-21.05

-0.50

3.23

-2.03

-21.37

-21.74

-0.42

3.19

-2.06

0.59

0.00

†0.59

N/A

N/A
MSCI Thailand Investable Market Index Fund (THD)

3/26/2008

34.16

-4.23

N/A

N/A

8.11

34.26

-4.56

N/A

N/A

8.13

0.59

0.00

†0.59

N/A

N/A
MSCI Turkey Investable Market Index Fund (TUR)

3/26/2008

-11.41

-36.23

N/A

N/A

-3.16

-11.57

-36.54

N/A

N/A

-3.21

0.59

0.00

0.59

N/A

N/A
MSCI United Kingdom Index Fund (EWU)

3/12/1996

129.68

-2.97

-3.75

4.16

5.40

129.78

-3.79

-3.85

4.22

5.40

0.52

0.00

0.52

N/A

N/A
MSCI United Kingdom Small Cap Index Fund (EWUS)

1/25/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.59

0.00

0.59

N/A

N/A
MSCI USA ESG Select Social Index Fund (KLD)

1/24/2005

23.27

1.58

0.19

N/A

3.06

23.28

1.56

0.19

N/A

3.06

0.50

0.00

0.50

N/A

N/A
MSCI USA Index Fund (EUSA)

5/5/2010

11.61

1.84

N/A

N/A

6.84

11.53

1.72

N/A

N/A

6.79

0.15

0.00

0.15

N/A

N/A
MSCI USA Minimum Volatility Index Fund (USMV)

10/18/2011

5.56

N/A

N/A

N/A

N/A

5.56

N/A

N/A

N/A

N/A

0.15

0.00

0.15

N/A

N/A
MSCI World Index (URTH)

1/10/2012

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.24

0.00

0.24

N/A

N/A
Nasdaq Biotechnology Index Fund (IBB)

2/5/2001

5.76

11.86

6.23

1.49

0.51

5.74

11.81

6.24

1.50

0.51

0.48

0.00

0.48

N/A

N/A
NYSE 100 Index Fund (NY)

3/29/2004

17.76

2.09

-1.92

N/A

2.13

17.56

2.04

-1.96

N/A

2.11

0.20

0.00

0.20

N/A

N/A
NYSE Composite Index Fund (NYC)

3/30/2004

35.27

-3.84

-1.56

N/A

3.97

35.13

-3.89

-1.62

N/A

3.96

0.25

0.00

0.25

N/A

N/A
PHLX SOX Semiconductor Sector Index Fund (SOXX)

7/10/2001

-21.25

-10.47

-3.31

-2.49

-2.25

-21.31

-10.57

-3.32

-2.46

-2.26

0.48

0.00

0.48

N/A

N/A
Russell 1000 Growth Index Fund (IWF)

5/22/2000

-17.78

2.47

2.34

2.42

-1.67

-17.81

2.38

2.36

2.43

-1.67

0.20

0.00

0.20

N/A

N/A
Russell 1000 Index Fund (IWB)

5/15/2000

10.29

1.36

-0.10

3.23

0.85

10.23

1.27

-0.10

3.24

0.84

0.15

0.00

0.15

N/A

N/A
Russell 1000 Value Index Fund (IWD)

5/22/2000

46.44

0.21

-2.73

3.74

3.34

46.40

0.13

-2.72

3.77

3.34

0.20

0.00

0.20

N/A

N/A
Russell 2000 Growth Index Fund (IWO)

7/24/2000

9.76

-2.86

2.10

4.41

0.82

9.65

-2.96

2.11

4.37

0.81

0.25

0.00

0.25

N/A

N/A
Russell 2000 Index Fund (IWM)

5/22/2000

80.50

-4.19

0.19

5.57

5.22

80.32

-4.30

0.19

5.57

5.21

0.20

0.06

0.26

N/A

N/A
Russell 2000 Value Index Fund (IWN)

7/24/2000

135.05

-5.64

-1.94

6.25

7.76

134.90

-5.75

-1.94

6.24

7.75

0.25

0.15

0.40

N/A

N/A
Russell 3000 Growth Index Fund (IWZ)

7/24/2000

-23.32

1.94

2.26

2.52

-2.29

-23.31

1.88

2.28

2.53

-2.29

0.25

0.00

0.25

N/A

N/A
Russell 3000 Index Fund (IWV)

5/22/2000

17.75

0.86

-0.12

3.38

1.42

17.73

0.77

-0.09

3.38

1.42

0.20

0.00

0.20

N/A

N/A
Russell 3000 Value Index Fund (IWW)

7/24/2000

52.99

-0.33

-2.72

3.88

3.79

52.97

-0.40

-2.71

3.90

3.78

0.25

0.00

0.25

N/A

N/A
Russell Microcap(R) Index Fund (IWC)

8/12/2005

-5.46

-9.52

-4.33

N/A

-0.88

-5.61

-9.86

-4.33

N/A

-0.90

0.60

0.07

0.67

N/A

N/A
Russell Midcap Growth Index Fund (IWP)

7/17/2001

60.69

-1.82

2.24

5.06

4.64

60.62

-1.91

2.26

5.05

4.63

0.25

0.00

0.25

N/A

N/A
Russell Midcap Index Fund (IWR)

7/17/2001

91.96

-1.67

1.30

6.86

6.43

91.85

-1.74

1.32

6.85

6.43

0.20

0.01

0.21

N/A

N/A
Russell Midcap Value Index Fund (IWS)

7/17/2001

105.01

-1.55

-0.07

7.52

7.10

104.91

-1.58

-0.06

7.51

7.10

0.25

0.01

0.26

N/A

N/A
Russell Top 200 Growth Index Fund (IWY)

9/22/2009

27.03

4.42

N/A

N/A

11.08

27.03

4.35

N/A

N/A

11.08

0.20

0.00

0.20

N/A

N/A
Russell Top 200 Index Fund (IWL)

9/22/2009

20.72

2.66

N/A

N/A

8.62

20.72

2.62

N/A

N/A

8.62

0.15

0.00

0.15

N/A

N/A
Russell Top 200 Value Index Fund (IWX)

9/22/2009

14.48

0.90

N/A

N/A

6.12

14.52

0.79

N/A

N/A

6.14

0.20

0.00

0.20

N/A

N/A
S&P 100 Index Fund (OEF)

10/23/2000

-3.77

2.97

-0.67

1.79

-0.34

-3.81

2.87

-0.68

1.79

-0.35

0.20

0.00

0.20

N/A

N/A
S&P 1500 Index Fund (ISI)

1/20/2004

31.60

1.55

-0.05

N/A

3.52

31.49

1.52

-0.06

N/A

3.50

0.20

0.00

0.20

N/A

N/A
S&P 500 Growth Index Fund (IVW)

5/22/2000

-4.87

4.49

2.23

2.67

-0.43

-4.90

4.39

2.22

2.67

-0.43

0.18

0.00

0.18

N/A

N/A
S&P 500 Index Fund (IVV)

5/15/2000

6.77

2.03

-0.29

2.85

0.56

6.69

1.89

-0.29

2.87

0.56

0.09

0.00

0.09

N/A

N/A
S&P 500 Value Index Fund (IVE)

5/22/2000

23.21

-0.63

-3.06

2.73

1.81

23.14

-0.69

-3.07

2.74

1.81

0.18

0.00

0.18

N/A

N/A
S&P Aggressive Allocation Fund (AOA)

11/4/2008

36.34

-1.80

N/A

N/A

10.31

36.41

-1.77

N/A

N/A

10.33

0.25

0.22

0.47

0.14

0.33
S&P Asia 50 Index Fund (AIA)

11/13/2007

-11.35

-13.07

N/A

N/A

-2.87

-11.76

-14.21

N/A

N/A

-2.98

0.50

0.00

0.50

N/A

N/A
S&P Conservative Allocation Fund (AOK)

11/4/2008

23.65

4.28

N/A

N/A

6.95

23.72

4.35

N/A

N/A

6.97

0.25

0.19

0.44

0.14

0.30
S&P Developed ex-U.S. Property Index Fund (WPS)

7/30/2007

-32.18

-15.41

N/A

N/A

-8.40

-32.54

-16.25

N/A

N/A

-8.51

0.48

0.00

0.48

N/A

N/A
S&P Emerging Markets Infrastructure Index Fund (EMIF)

6/16/2009

25.75

-12.77

N/A

N/A

9.42

25.48

-13.24

N/A

N/A

9.33

0.75

0.05

0.80

0.05

0.75
S&P Europe 350 Index Fund (IEV)

7/25/2000

12.08

-11.08

-5.42

3.98

1.00

11.94

-11.36

-5.53

3.97

0.99

0.60

0.00

0.60

N/A

N/A
S&P Global 100 Index Fund (IOO)

12/5/2000

-0.01

-3.69

-2.16

2.03

0.00

-0.28

-4.30

-2.28

1.99

-0.03

0.40

0.00

0.40

N/A

N/A
S&P Global Clean Energy Index Fund (ICLN)

6/24/2008

-82.03

-43.20

N/A

N/A

-38.57

-82.19

-43.84

N/A

N/A

-38.72

0.48

0.00

0.48

N/A

N/A
S&P Global Consumer Discretionary Sector Index Fund (RXI)

9/12/2006

7.20

-4.52

-1.14

N/A

1.32

6.87

-4.91

-1.23

N/A

1.26

0.48

0.00

0.48

N/A

N/A
S&P Global Consumer Staples Sector Index Fund (KXI)

9/12/2006

46.40

9.21

6.76

N/A

7.45

46.55

9.20

6.74

N/A

7.47

0.48

0.00

0.48

N/A

N/A
S&P Global Energy Sector Index Fund (IXC)

11/12/2001

177.61

0.47

2.85

10.76

10.60

177.34

0.09

2.75

10.78

10.59

0.48

0.00

0.48

N/A

N/A
S&P Global Financials Sector Index Fund (IXG)

11/12/2001

-11.40

-19.52

-14.12

-1.47

-1.19

-11.81

-19.98

-14.40

-1.49

-1.23

0.48

0.00

0.48

N/A

N/A
S&P Global Healthcare Sector Index Fund (IXJ)

11/13/2001

30.48

10.61

1.77

2.73

2.66

30.33

10.49

1.70

2.73

2.65

0.48

0.00

0.48

N/A

N/A
S&P Global Industrials Sector Index Fund (EXI)

9/12/2006

6.49

-7.88

-0.89

N/A

1.19

6.03

-8.45

-1.02

N/A

1.11

0.48

0.00

0.48

N/A

N/A
S&P Global Infrastructure Index Fund (IGF)

12/10/2007

-22.89

-0.96

N/A

N/A

-6.20

-22.94

-1.27

N/A

N/A

-6.22

0.48

0.00

0.48

N/A

N/A
S&P Global Materials Sector Index Fund (MXI)

9/12/2006

26.39

-20.29

1.61

N/A

4.51

26.71

-20.35

1.67

N/A

4.56

0.48

0.00

0.48

N/A

N/A
S&P Global Nuclear Energy Index Fund (NUCL)

6/24/2008

-29.52

-22.37

N/A

N/A

-9.45

-29.79

-22.71

N/A

N/A

-9.55

0.48

0.00

0.48

N/A

N/A
S&P Global Technology Sector Index Fund (IXN)

11/12/2001

16.39

-3.25

1.02

1.16

1.51

16.31

-3.45

0.90

1.18

1.50

0.48

0.00

0.48

N/A

N/A
S&P Global Telecommunications Sector Index Fund (IXP)

11/12/2001

48.23

1.22

1.71

3.81

3.96

48.06

0.84

1.57

3.83

3.95

0.48

0.00

0.48

N/A

N/A
S&P Global Timber & Forestry Index Fund (WOOD)

6/24/2008

-16.54

-14.93

N/A

N/A

-5.00

-16.85

-15.37

N/A

N/A

-5.10

0.48

0.00

0.48

N/A

N/A
S&P Global Utilities Sector Index Fund (JXI)

9/12/2006

0.99

-3.01

-2.50

N/A

0.19

1.22

-2.74

-2.50

N/A

0.23

0.48

0.00

0.48

N/A

N/A
S&P Growth Allocation Fund (AOR)

11/4/2008

29.67

1.16

N/A

N/A

8.57

29.79

1.22

N/A

N/A

8.61

0.25

0.20

0.45

0.14

0.31
S&P India Nifty 50 Index Fund (INDY)

11/18/2009

-20.10

-36.34

N/A

N/A

-10.04

-20.14

-36.66

N/A

N/A

-10.06

0.89

0.00

0.89

N/A

N/A
S&P International Preferred Stock Index Fund (IPFF)

11/15/2011

0.31

N/A

N/A

N/A

N/A

1.15

N/A

N/A

N/A

N/A

0.55

0.00

0.55

N/A

N/A
S&P Latin America 40 Index Fund (ILF)

10/25/2001

530.84

-18.43

7.13

18.48

19.82

530.92

-18.47

7.15

18.52

19.82

0.50

0.00

0.50

N/A

N/A
S&P MidCap 400 Growth Index Fund (IJK)

7/24/2000

54.64

-1.16

5.09

6.28

3.88

54.46

-1.33

5.09

6.27

3.87

0.25

0.01

0.26

N/A

N/A
S&P MidCap 400 Index Fund (IJH)

5/22/2000

116.78

-1.89

3.19

6.88

6.89

116.60

-2.08

3.19

6.91

6.88

0.20

0.01

0.21

N/A

N/A
S&P MidCap 400 Value Index Fund (IJJ)

7/24/2000

156.02

-2.63

1.20

7.24

8.56

155.77

-2.77

1.20

7.24

8.55

0.25

0.02

0.27

N/A

N/A
S&P Moderate Allocation Fund (AOM)

11/4/2008

24.84

2.14

N/A

N/A

7.27

24.95

2.25

N/A

N/A

7.31

0.25

0.20

0.45

0.14

0.31
S&P North American Natural Resources Sector Index Fund (IGE)

10/22/2001

172.96

-7.81

3.56

10.51

10.35

173.03

-7.83

3.56

10.51

10.35

0.48

0.00

0.48

N/A

N/A
S&P North American Technology Sector Index Fund (IGM)

3/13/2001

8.03

-1.29

3.40

1.96

0.72

8.03

-1.29

3.40

2.00

0.72

0.48

0.00

0.48

N/A

N/A
S&P North American Technology-Multimedia Networking Index Fu (IGN)

7/10/2001

-23.94

-18.06

-2.98

-1.02

-2.58

-24.03

-18.23

-3.02

-1.00

-2.59

0.48

0.00

0.48

N/A

N/A
S&P North American Technology-Software Index Fund (IGV)

7/10/2001

10.85

-7.23

3.95

1.83

0.99

10.78

-7.36

3.96

1.89

0.98

0.48

0.00

0.48

N/A

N/A
S&P SmallCap 600 Growth Index Fund (IJT)

7/24/2000

89.53

3.45

3.72

7.34

5.75

89.37

3.26

3.71

7.31

5.74

0.25

0.00

0.25

N/A

N/A
S&P SmallCap 600 Index Fund (IJR)

5/22/2000

134.40

0.90

1.84

6.96

7.61

134.30

0.81

1.84

6.96

7.61

0.20

0.00

0.20

N/A

N/A
S&P SmallCap 600 Value Index Fund (IJS)

7/24/2000

136.29

-1.52

0.00

6.36

7.81

136.13

-1.65

0.01

6.33

7.80

0.25

0.00

0.25

N/A

N/A
S&P Target Date 2010 Index Fund (TZD)

11/4/2008

29.97

2.61

N/A

N/A

8.65

29.84

2.47

N/A

N/A

8.62

0.25

0.19

0.44

0.14

0.30
S&P Target Date 2015 Index Fund (TZE)

11/4/2008

31.66

1.53

N/A

N/A

9.10

31.70

1.56

N/A

N/A

9.11

0.25

0.19

0.44

0.14

0.30
S&P Target Date 2020 Index Fund (TZG)

11/4/2008

32.74

0.54

N/A

N/A

9.38

32.82

0.60

N/A

N/A

9.40

0.25

0.19

0.44

0.14

0.30
S&P Target Date 2025 Index Fund (TZI)

11/4/2008

33.28

-0.40

N/A

N/A

9.52

33.31

-0.37

N/A

N/A

9.53

0.25

0.19

0.44

0.14

0.30
S&P Target Date 2030 Index Fund (TZL)

11/4/2008

33.14

-1.25

N/A

N/A

9.48

33.18

-1.18

N/A

N/A

9.49

0.25

0.19

0.44

0.14

0.30
S&P Target Date 2035 Index Fund (TZO)

11/4/2008

33.09

-1.78

N/A

N/A

9.47

33.17

-1.72

N/A

N/A

9.49

0.25

0.20

0.45

0.14

0.31
S&P Target Date 2040 Index Fund (TZV)

11/4/2008

32.88

-2.26

N/A

N/A

9.42

32.88

-2.26

N/A

N/A

9.42

0.25

0.20

0.45

0.14

0.31
S&P Target Date 2045 Index Fund (TZW)

8/16/2011

1.84

N/A

N/A

N/A

N/A

2.00

N/A

N/A

N/A

N/A

0.25

0.21

0.46

0.14

0.32
S&P Target Date 2050 Index Fund (TZY)

8/16/2011

1.70

N/A

N/A

N/A

N/A

1.94

N/A

N/A

N/A

N/A

0.25

0.21

0.46

0.14

0.32
S&P Target Date Retirement Income Index Fund (TGR)

11/4/2008

27.93

3.99

N/A

N/A

8.11

27.77

3.82

N/A

N/A

8.07

0.25

0.19

0.44

0.14

0.30
S&P U.S. Preferred Stock Index Fund (PFF)

3/26/2007

3.21

-2.20

N/A

N/A

0.66

3.10

-2.10

N/A

N/A

0.64

0.48

0.00

0.48

N/A

N/A
S&P/TOPIX 150 Index Fund (ITF)

10/23/2001

12.78

-15.90

-7.37

2.17

1.19

11.91

-16.04

-7.62

2.22

1.11

0.50

0.00

0.50

N/A

N/A

Carefully consider the iShares Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses, which may be obtained by calling 1-800-iShares (1-800-474-2737), or by viewing or downloading a prospectus. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

‡ “Acquired Fund Fees and Expenses” reflect the Fund's pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds, such as mutual funds, business development companies, or other pooled investment vehicles. Acquired Fund Fees and Expenses are reflected in the prices of the acquired funds and thus included in the total returns of the Fund.

* Certain of the iShares Funds have fee waivers resulting in a net expense ratio. BlackRock Fund Advisors, the investment adviser to the iShares Funds, has contractually agreed to waive its management fees in the amounts shown through the respective fee waiver expiration dates as follows: iShares MSCI All Country Asia ex Japan Index Fund and iShares MSCI All Country World Minimum Volatility Index Fund, June 30, 2013; iShares MSCI EAFE Minimum Volatility Index Fund and iShares MSCI Emerging Markets Minimum Volatility Index Fund, December 31, 2014; iShares MSCI Emerging Markets EMEA/Latin America Index Fund, December 31, 2014; iShares MSCI Global Agriculture Producers Fund and iShares MSCI Global Select Metals & Mining Producers Fund, December 31, 2014; iShares S&P Allocation Funds, June 30, 2013; iShares S&P Emerging Markets Infrastructure Index Fund, June 30, 2013; iShares S&P Target Date Index Funds, June 30, 2013. For more information on fees and expenses, please refer to the prospectuses.

† The total annual operating expenses of the iShares Barclays Aggregate Bond Fund and iShares Barclays MBS Bond Fund include “acquired fund fees and expenses” which are related to the funds' investments in the BlackRock Cash Funds: Prime (the “money market fund”). “Acquired fund fees and expenses” represent the funds' pro rata share of the fees and expenses charged by the money market fund and may vary based on the funds' allocation of assets to the annualized net expenses of the money market fund. Annual operating expenses do not include the effect of interest earned by investments in the money market fund, which is expected to offset the money market fund's fees and expenses.

Shares of iShares Funds are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. eastern time (when NAV is normally determined for most iShares Funds), and do not represent the returns you would receive if you traded shares at other times.

An investment in the fund(s) is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

The iShares Funds ("Funds") are distributed by SEI Investments Distribution Co. ("SEI"). BlackRock Fund Advisors ("BFA") serves as the investment advisor to the Funds. BFA is a subsidiary of BlackRock Institutional Trust Company, N.A., neither of which is affiliated with SEI.

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Cohen & Steers Capital Management, Inc., Dow Jones Trademark Holdings, LLC, European Public Real Estate Association ("EPRA®"), FTSE International Limited ("FTSE"), iBoxx®, JPMorgan Chase & Co., MSCI Inc., Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts ("NAREIT"), New York Stock Exchange, Inc., Russell Investment Group or Standard & Poor's, nor are they sponsored, endorsed or issued by Barclays Capital. None of these companies make any representation regarding the advisability of investing in the Funds. Neither SEI, nor BlackRock Institutional Trust Company, N.A., nor any of their affiliates, are affiliated with the companies listed above.

Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Real Estate 50/Residential/Retail/Mortgage or Industrial/Office Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-US/North America/Europe/Asia Index; all rights vest in FTSE, NAREIT and EPRA. All rights in the FTSE Developed Small Cap ex-North America Index vest in FTSE. "FTSE®" is a trademark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under license.

© 2000-2012 BlackRock Institutional Trust Company, N.A. All rights reserved. iShares® is a registered trademark of BlackRock Institutional Trust Company, N.A. BlackRock® is a registered trademark of BlackRock, Inc. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.

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