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

International/
Regional

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

Dow Jones International Select Dividend Index Fund (IDV)

Global

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

FTSE China (HK Listed) Index Fund (FCHI)

Asia

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)

Asia

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)

Global

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

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

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Asia

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)

Asia

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)

Global

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)

Americas

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)

Asia

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 Austria Investable Market Index Fund (EWO)

Europe

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)

Europe

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)

Americas

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 BRIC Index Fund (BKF)

Global

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)

Americas

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 China Index Fund (MCHI)

Asia

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)

Asia

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 EAFE Growth Index Fund (EFG)

Global

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)

Global

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)

Global

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 Value Index Fund (EFV)

Global

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)

Europe

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 Index Fund (EEM)

Global

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 Minimum Volatility Index Fund (EEMV)

Global

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 EMU Index Fund (EZU)

Europe

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)

Europe

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)

Asia

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 France Index Fund (EWQ)

Europe

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)

Europe

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 Hong Kong Index Fund (EWH)

Asia

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 Indonesia Investable Market Index Fund (EIDO)

Asia

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)

Europe

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)

Asia

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)

Europe

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)

Asia

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 Malaysia Index Fund (EWM)

Asia

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)

Americas

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)

Europe

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)

Asia

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 Pacific ex-Japan Index Fund (EPP)

Asia

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 Poland Investable Market Index Fund (EPOL)

Europe

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 Singapore Index Fund (EWS)

Asia

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 South Africa Index Fund (EZA)

Africa/M

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)

Asia

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)

Europe

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)

Europe

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)

Europe

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)

Asia

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)

Asia

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)

Asia

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)

Europe

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 World Index (URTH)

Global

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

S&P Asia 50 Index Fund (AIA)

Asia

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 Emerging Markets Infrastructure Index Fund (EMIF)

Global

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)

Europe

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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)

Global

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 Latin America 40 Index Fund (ILF)

Americas

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/TOPIX 150 Index Fund (ITF)

Asia

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.