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.

iShares Fund Name

Inception Date

Total Returns (%)

Total Returns (%)

Total returns for the periods since inception are calculated from the inception date of each fund. "Average annual total returns" represent the average annual change in value of an investment over the periods indicated. "Cumulative total returns" represent the total change in value of an investment over the periods indicated.

Quarter End as of 3/31/2013

Market Price Returns (%)

Market Price Returns (%)

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

Quarter End as of 3/28/2013

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

iShares 10+ Year Credit Bond ETF (CLY)

12/8/2009

39.91

9.28

N/A

N/A

10.67

N/A

N/A

N/A

N/A

N/A

0.20

0.00

0.20

N/A

N/A
iShares 2013 AMT-Free Muni Bond ETF (MUAB)

1/7/2010

4.05

0.12

N/A

N/A

1.24

N/A

N/A

N/A

N/A

N/A

0.30

0.00

0.30

N/A

N/A
iShares 2014 AMT-Free Muni Bond ETF (MUAC)

1/7/2010

6.60

0.62

N/A

N/A

2.00

N/A

N/A

N/A

N/A

N/A

0.30

0.00

0.30

N/A

N/A
iShares 2015 AMT-Free Muni Bond ETF (MUAD)

1/7/2010

10.19

1.19

N/A

N/A

3.05

N/A

N/A

N/A

N/A

N/A

0.30

0.00

0.30

N/A

N/A
iSharesBond 2016 Corporate ex-Financials Term ETF (IBCB)

4/17/2013

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.10

0.00

0.10

N/A

N/A
iShares 2016 AMT-Free Muni Bond ETF (MUAE)

1/7/2010

14.22

2.08

N/A

N/A

4.20

N/A

N/A

N/A

N/A

N/A

0.30

0.00

0.30

N/A

N/A
iShares 2017 AMT-Free Muni Bond ETF (MUAF)

1/7/2010

17.79

2.98

N/A

N/A

5.20

N/A

N/A

N/A

N/A

N/A

0.30

0.00

0.30

N/A

N/A
iSharesBond 2018 Corporate ex-Financials Term ETF (IBCC)

4/17/2013

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.10

0.00

0.10

N/A

N/A
iShares 2018 AMT-Free Muni Bond ETF (MUAG)

3/19/2013

0.64

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.30

0.00

0.30

N/A

N/A
iSharesBond 2020 Corporate ex-Financials Term ETF (IBCD)

4/17/2013

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.10

0.00

0.10

N/A

N/A
iSharesBond 2023 Corporate ex-Financials Term ETF (IBCE)

4/17/2013

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.10

0.00

0.10

N/A

N/A
iShares Aaa - A Rated Corporate Bond ETF (QLTA)

2/14/2012

5.18

6.22

N/A

N/A

4.59

N/A

N/A

N/A

N/A

N/A

0.15

0.00

0.15

N/A

N/A
iShares B - Ca Rated Corporate Bond ETF (QLTC)

4/24/2012

12.24

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.55

0.00

0.55

N/A

N/A
iShares Baa - Ba Rated Corporate Bond ETF (QLTB)

4/24/2012

8.14

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.30

0.00

0.30

N/A

N/A
iShares 0-5 Year TIPS Bond ETF (STIP)

12/1/2010

7.29

1.24

N/A

N/A

3.06

N/A

N/A

N/A

N/A

N/A

0.20

0.00

0.20

N/A

N/A
iShares 1-3 Year Credit Bond ETF (CSJ)

1/5/2007

27.00

2.06

3.36

N/A

3.91

N/A

N/A

N/A

N/A

N/A

0.20

0.00

0.20

N/A

N/A
iShares 1-3 Year Treasury Bond ETF (SHY)

7/22/2002

32.39

0.49

1.60

2.56

2.66

N/A

N/A

N/A

N/A

N/A

0.15

0.00

0.15

N/A

N/A
iShares 10-20 Year Treasury Bond ETF (TLH)

1/5/2007

64.66

6.83

7.76

N/A

8.33

N/A

N/A

N/A

N/A

N/A

0.15

0.00

0.15

N/A

N/A
iShares 20+ Year Treasury Bond ETF (TLT)

7/22/2002

123.78

7.47

8.19

7.32

7.82

N/A

N/A

N/A

N/A

N/A

0.15

0.00

0.15

N/A

N/A
iShares 3-7 Year Treasury Bond ETF (IEI)

1/5/2007

43.39

2.79

4.39

N/A

5.95

N/A

N/A

N/A

N/A

N/A

0.15

0.00

0.15

N/A

N/A
iShares 7-10 Year Treasury Bond ETF (IEF)

7/22/2002

91.30

5.76

6.41

5.87

6.25

N/A

N/A

N/A

N/A

N/A

0.15

0.00

0.15

N/A

N/A
iShares Agency Bond ETF (AGZ)

11/5/2008

19.33

2.09

N/A

N/A

4.10

N/A

N/A

N/A

N/A

N/A

0.20

0.00

0.20

N/A

N/A
iShares CMBS Bond ETF (CMBS)

2/14/2012

6.43

5.61

N/A

N/A

5.69

N/A

N/A

N/A

N/A

N/A

0.25

0.00

0.25

N/A

N/A
iShares Credit Bond ETF (CFT)

1/5/2007

48.57

6.68

7.15

N/A

6.55

N/A

N/A

N/A

N/A

N/A

0.20

0.00

0.20

N/A

N/A
iShares GNMA Bond ETF (GNMA)

2/14/2012

0.80

1.09

N/A

N/A

0.71

N/A

N/A

N/A

N/A

N/A

0.25

0.07

0.32

0.07

0.25
iShares Government/Credit Bond ETF (GBF)

1/5/2007

42.26

4.24

5.35

N/A

5.82

N/A

N/A

N/A

N/A

N/A

0.20

0.00

0.20

N/A

N/A
iShares Intermediate Credit Bond ETF (CIU)

1/5/2007

44.19

5.63

6.21

N/A

6.04

N/A

N/A

N/A

N/A

N/A

0.20

0.00

0.20

N/A

N/A
iShares Intermediate Government/Credit Bond ETF (GVI)

1/5/2007

37.14

3.26

4.43

N/A

5.20

N/A

N/A

N/A

N/A

N/A

0.20

0.00

0.20

N/A

N/A
iShares MBS Bond ETF (MBB)

3/13/2007

35.12

1.82

4.78

N/A

5.10

N/A

N/A

N/A

N/A

N/A

0.25

0.01

0.26

N/A

N/A
iShares Short Treasury Bond ETF (SHV)

1/5/2007

8.48

0.04

0.39

N/A

1.31

N/A

N/A

N/A

N/A

N/A

0.15

0.00

0.15

N/A

N/A
iShares TIPS Bond ETF (TIP)

12/4/2003

73.80

5.48

5.72

N/A

6.11

N/A

N/A

N/A

N/A

N/A

0.20

0.00

0.20

N/A

N/A
iShares Treasury Bond ETF (GOVT)

2/14/2012

1.80

3.04

N/A

N/A

1.60

N/A

N/A

N/A

N/A

N/A

0.15

0.00

0.15

N/A

N/A
iShares Core Long-Term U.S. Bond ETF (ILTB)

12/8/2009

39.18

8.12

N/A

N/A

10.50

N/A

N/A

N/A

N/A

N/A

0.12

0.00

0.12

N/A

N/A
iShares Core Short-Term U.S. Bond ETF (ISTB)

10/18/2012

0.47

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.12

0.00

0.12

N/A

N/A
iShares Core Total U.S. Bond Market ETF (AGG)

9/22/2003

58.48

3.68

5.27

N/A

4.95

N/A

N/A

N/A

N/A

N/A

0.08

0.00

0.08

N/A

N/A
iShares Emerging Markets Corporate Bond ETF (CEMB)

4/17/2012

8.45

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.60

0.00

0.60

N/A

N/A
iShares Emerging Markets High Yield Bond ETF (EMHY)

4/3/2012

12.96

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
iShares Emerging Markets Local Currency Bond ETF (LEMB)

10/18/2011

10.94

7.13

N/A

N/A

7.41

N/A

N/A

N/A

N/A

N/A

0.60

0.00

0.60

N/A

N/A
iShares Financials Bond ETF (MONY)

2/14/2012

9.50

9.20

N/A

N/A

8.39

N/A

N/A

N/A

N/A

N/A

0.30

0.00

0.30

N/A

N/A
iShares Floating Rate Note ETF (FLOT)

6/14/2011

2.56

2.44

N/A

N/A

1.42

N/A

N/A

N/A

N/A

N/A

0.20

0.00

0.20

N/A

N/A
iShares Global ex USD High Yield Corporate Bond ETF (HYXU)

4/3/2012

10.14

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.55

0.00

0.55

0.15

0.40
iShares Global High Yield Corporate Bond ETF (GHYG)

4/3/2012

10.98

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.55

0.00

0.55

0.15

0.40
iShares Global Inflation-Linked Bond ETF (GTIP)

5/18/2011

10.36

5.03

N/A

N/A

5.41

N/A

N/A

N/A

N/A

N/A

0.40

0.00

0.40

N/A

N/A
iShares High Yield Corporate Bond ETF (HYG)

4/4/2007

49.05

11.35

8.76

N/A

6.89

N/A

N/A

N/A

N/A

N/A

0.50

0.00

0.50

N/A

N/A
iShares Investment Grade Corporate Bond ETF (LQD)

7/22/2002

96.12

7.83

8.07

5.94

6.50

N/A

N/A

N/A

N/A

N/A

0.15

0.00

0.15

N/A

N/A
iShares Industrials Bond ETF (ENGN)

2/14/2012

3.97

5.36

N/A

N/A

3.52

N/A

N/A

N/A

N/A

N/A

0.30

0.00

0.30

N/A

N/A
iShares International Inflation-Linked Bond ETF (ITIP)

5/18/2011

6.17

5.43

N/A

N/A

3.25

N/A

N/A

N/A

N/A

N/A

0.40

0.00

0.40

N/A

N/A
iShares Emerging Markets USD Bond ETF (EMB)

12/17/2007

53.66

9.32

8.76

N/A

8.46

N/A

N/A

N/A

N/A

N/A

0.60

0.00

0.60

N/A

N/A
iShares California AMT-Free Muni Bond ETF (CMF)

10/4/2007

35.25

5.82

6.11

N/A

5.65

N/A

N/A

N/A

N/A

N/A

0.25

0.00

0.25

N/A

N/A
iShares National AMT-Free Muni Bond ETF (MUB)

9/7/2007

32.96

4.63

5.67

N/A

5.25

N/A

N/A

N/A

N/A

N/A

0.25

0.00

0.25

N/A

N/A
iShares New York AMT-Free Muni Bond ETF (NYF)

10/4/2007

32.21

4.98

5.56

N/A

5.22

N/A

N/A

N/A

N/A

N/A

0.25

0.00

0.25

N/A

N/A
iShares Short-Term National AMT-Free Muni Bond ETF (SUB)

11/5/2008

11.82

0.95

N/A

N/A

2.57

N/A

N/A

N/A

N/A

N/A

0.25

0.00

0.25

N/A

N/A
iShares 1-3 Year International Treasury Bond ETF (ISHG)

1/21/2009

6.15

-2.80

N/A

N/A

1.43

N/A

N/A

N/A

N/A

N/A

0.35

0.00

0.35

N/A

N/A
iShares International Treasury Bond ETF (IGOV)

1/21/2009

17.53

2.17

N/A

N/A

3.93

N/A

N/A

N/A

N/A

N/A

0.35

0.00

0.35

N/A

N/A
iShares Utilities Bond ETF (AMPS)

2/14/2012

5.27

6.98

N/A

N/A

4.67

N/A

N/A

N/A

N/A

N/A

0.30

0.00

0.30

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.

Certain iShares funds are subject to management fee breakpoints as assets increase. The breakpoints take effect immediately after asset tier levels are reached, thus a fund's actual management fee being applied may not match the fund's web site or prospectus on a given day.

‡ “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 and an affiliate of BlackRock Investments, LLC, has contractually agreed to waive its management fees in the amounts shown through the respective fee waiver expiration dates as follows: iShares Barclays GNMA Bond Fund, December 31, 2015; iShares Core MSCI Total International Stock and Core MSCI Emerging Markets ETF, October 31, 2013; iShares Emerging Markets Dividend Index Fund, December 31, 2014; iShares Global High Yield Corporate Bond Fund and iShares Global ex USD High Yield Corporate Bond Fund, December 31, 2014; 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 Asia/EMEA/Growth/Latin America/Value Index Fund, December 31, 2014; iShares MSCI Global Agriculture Producers Fund, December 31, 2014; iShares Morningstar Multi-Asset Income Index Fund, December 31, 2014; iShares S&P Allocation Funds, June 30, 2014; iShares S&P Emerging Markets Infrastructure Index Fund, June 30, 2014; iShares S&P Target Date Index Funds, June 30, 2014. For more information on fees and expenses, please refer to the prospectuses.

Effective May 16, 2012, the investment adviser to the iShares MSCI All Country World Minimum Volatility Index Fund has voluntarily agreed to waive a portion of its management fees in order to reduce the total fund operating expenses from 0.34% to 0.20%. Without such waivers the Fund’s performance would have been lower. This voluntary fee waiver may be eliminated at any time.

The total annual operating expenses for the following Fund(s) include foreign taxes as shown based on amounts accrued during the Funds' most recent fiscal year: iShares MSCI India Index Fund, 0.02%; iShares S&P India Nifty 50 Index Fund, 0.03%.

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 BlackRock Investments, LLC (together with its affiliates, "BlackRock").

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Cohen & Steers Capital Management, Inc., European Public Real Estate Association ("EPRA®"), FTSE International Limited ("FTSE"), JPMorgan Chase & Co., MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts ("NAREIT"), New York Stock Exchange, Inc., Russell Investment Group, S&P Dow Jones Indices LLC or Standard & Poor's, nor are they sponsored, endorsed or issued by Barclays Capital Inc. None of these companies make any representation regarding the advisability of investing in the Funds. BlackRock is not 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.

© 2000-2013 BlackRock. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock. All other marks are the property of their respective owners.

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