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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. Standardized performance and performance data current to the most recent month end may be obtained by clicking on the "Monthly Performance Report" above.
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
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 MSCI All Country Asia ex Japan Index Fund, has contractually agreed to waive its management fees in an amount equal to the Acquired Fund Fees and Expenses incurred by the Fund through June 30, 2011. BlackRock Fund Advisors, the investment adviser to the iShares S&P Allocation Funds and the iShares S&P Target Date Index Funds, has contractually agreed to waive a portion of its management fees for its investment advisory services to the Funds through June 30, 2011. BlackRock Fund Advisors, the investment adviser to the iShares S&P Emerging Markets Infrastructure Index Fund, has contractually agreed to waive its management fees in an amount equal to the Acquired Fund Fees and Expenses incurred by the Fund through June 30, 2011.
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. The total annual operating expenses for the following Funds include foreign taxes as shown based on amounts accrued during the Funds' most recent fiscal year: iShares MSCI Italy Index Fund, 0.04%; iShares MSCI Taiwan Index Fund, 0.17%; iShares S&P Asia 50 Index Fund, 0.02%; iShares S&P Global Timber & Forestry Index Fund, 0.01%.
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.
Fund holdings are subject to change. In accordance with MSCI licensing, holdings for MSCI-indexed funds are updated as of month-end with a 10-day delay.
An investment in the fund(s) is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies of this document may be obtained from your broker, from any exchange on which options are traded or by contacting The Options Clearing Corporation, One North Wacker Dr., Suite 500 Chicago, IL 60606 (1-800-678-4667). The document contains information on options issued by The Options Clearing Corporation. The document discusses exchange-traded options issued by The Options Clearing Corporation and is intended for educational purposes. No statement in the document should be construed as a recommendation to buy or sell a security or to provide investment advice.
If you need further information, please feel free to call the Options Industry Council Helpline. They will be able to provide you with balanced options education and tools to assist you with your iShares options questions and trading. The Options Industry Council Helpline phone number is 888-Options and their website is www.888Options.com.
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 & Company, Inc., European Public Real Estate Association ("EPRA®"), FTSE International Limited ("FTSE"), FTSE/Xinhua Index Limited ("FXI"), iBoxx®, J.P. Morgan Securities Inc., MSCI Inc., Morningstar Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts ("NAREIT"), New York Stock Exchange, Inc., Frank Russell Company, 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.
FXI does not make any warranty regarding the FTSE/Xinhua Index. All rights in the FTSE/Xinhua index vest in FXI. Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Real Estate 50/Residential/Retail/Mortgage REITs or Industrial/Office Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Global 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 trade- and servicemark of London Stock Exchange and The Financial Times Limited; "Xinhua" is a trade- and servicemark of Xinhua Financial Network Limited.
For the iShares COMEX® Gold Trust, iShares Silver Trust (collectively, the "precious metals trusts"), the iShares S&P GSCI® Commodity-Indexed Trust ("Commodities Trust") and/or the iShares Diversified Alternatives Trust prospectuses, click here. Please read the prospectuses carefully before investing.
The sponsor of the iShares precious metals trusts is BlackRock Asset Management International Inc. (BAMII). The sponsor of the Commodities Trust is BAMII, a commodity pool operator registered with the CFTC. The sponsor of the Diversified Alternatives Trust is iShares Delaware Trust Sponsor LLC, a commodity pool operator registered with the CFTC and a subsidiary of BAMII. BlackRock Institutional Trust Company, N.A. ("BITC"), a national banking association, is the Trustee of the Commodities and Diversified Alternatives Trusts. BlackRock Fund Distribution Company (BFDC), a subsidiary of BAMII, assists in the marketing of the iShares precious metals trusts, the Commodities Trust and the Diversified Alternatives Trust. BAMII and BITC are affiliates of BlackRock, Inc.
The iShares COMEX® Gold Trust and iShares Silver Trust ("Precious Metals Trusts") are not investment companies registered under the Investment Company Act of 1940 or commodity pools for purposes of the Commodity Exchange Act. Because shares of the iShares COMEX Gold Trust and iShares Silver Trust are created to reflect the price of the gold or silver held by each Precious Metals Trust, respectively, the market price of the shares will be as unpredictable as the price of gold or silver has historically been. The price received upon the sale of shares of the Precious Metals Trusts, which trade at market price, may be more or less than the value of the gold or silver they represent.
The iShares COMEX® Gold Trust (IAU), the iShares Silver Trust (SLV), and the iShares Diversified Alternatives Trust (ALT) fees are Sponsor's Fees, not Management Fees.
The iShares S&P GSCI® Commodity-Indexed Trust and the iShares Diversified Alternatives Trust are each a commodity pool as defined in the Commodity Exchange Act and the applicable regulations of the CFTC. The Commodities and the Diversified Alternatives Trusts are NOT investment companies registered under the Investment Company Act of 1940. Investments in shares of the Commodities and the Diversified Alternatives Trusts are speculative and involve a high degree of risk. You could lose all or a substantial portion of your investment in the shares of the Commodities or Diversified Alternatives Trust. Shares may trade at, above or below their NAV.
The Commodities Trust is not sponsored, endorsed, sold, or promoted by Standard & Poor's or its affiliates. Neither Standard & Poor's, nor its affiliates, make any representation regarding the advisability of investing in the Commodities Trust. "Commodity Exchange, Inc." and "COMEX" are trademarks of Commodity Exchange, Inc. and have been licensed for use for certain purposes by BlackRock and the iShares COMEX® Gold Trust.
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