PERFORMANCE



The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.



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 or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.

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 or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Ex-Date Payable Date Record Date Total Distribution   Income ST Cap Gains LT Cap Gains Return on Capital

Past distributions are not indicative of future distributions.



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 or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.

Holdings

as of 21-May-2015

Ticker Name Weight (%) Sector Market Value Shares Price Exchange Notional Value
MSFT MICROSOFT CORP 6.88 Information Technology $46,192,818 974,121 47.42 NASDAQ 46,192,817.82
JNJ JOHNSON & JOHNSON 5.04 Health Care $33,814,578 330,156 102.42 New York Stock Exchange Inc. 33,814,577.52
BRKB BERKSHIRE HATHAWAY INC CLASS B 4.69 Financials $31,457,492 216,545 145.27 New York Stock Exchange Inc. 31,457,492.15
PG PROCTER & GAMBLE 3.84 Consumer Staples $25,784,271 320,660 80.41 New York Stock Exchange Inc. 25,784,270.60
BAC BANK OF AMERICA CORP 3.11 Financials $20,897,376 1,249,096 16.73 New York Stock Exchange Inc. 20,897,376.08
KO COCA-COLA 2.87 Consumer Staples $19,238,083 466,604 41.23 New York Stock Exchange Inc. 19,238,082.92
PEP PEPSICO INC 2.55 Consumer Staples $17,108,852 176,017 97.20 New York Stock Exchange Inc. 17,108,852.40
ORCL ORACLE CORP 2.51 Information Technology $16,855,005 380,646 44.28 New York Stock Exchange Inc. 16,855,004.88
PM PHILIP MORRIS INTERNATIONAL INC 2.33 Consumer Staples $15,638,771 183,683 85.14 New York Stock Exchange Inc. 15,638,770.62
CVS CVS HEALTH CORP 2.06 Consumer Staples $13,854,332 133,613 103.69 New York Stock Exchange Inc. 13,854,331.97
Ticker ISIN SEDOL Name Weight (%) Asset Class Sector Market Value Shares Price Exchange Notional Value
Holdings are subject to change.

Exposure Breakdowns

as of 21-May-2015

% of Market Value

Consumer Staples

21.28%

Health Care

19.68%

Financials

16.44%

Industrials

15.69%

Information Technology

14.35%

Consumer Discretionary

7.41%

Materials

2.31%

Energy

1.98%

Utilities

0.44%

Cash and/or Derivatives

0.26%

Telecommunications

0.17%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 22-May-2015

$668,590,242
Inception Date Jun 28, 2004
Exchange NYSE Arca
Asset Class Equity
Benchmark Index Morningstar Large Core Index
Index Ticker MLCRT

Shares Outstanding 5,350,000
Number of Holdings  

as of 21-May-2015

100
CUSIP 464287127
Closing Price  

as of 22-May-2015

125.08
20 Day Avg. Volume   3,000
Premium/Discount  

as of 22-May-2015

0.05%
Options Available No

FEES as of 30-Apr-2014

Expense Ratio  

0.20%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 21-May-2015

21.00
P/B Ratio  

as of 21-May-2015

3.37

Equity Beta  

as of 30-Apr-2015

1.08
Standard Deviation (3y)  

as of 30-Apr-2015

9.81%

12m Trailing Yield  

as of 30-Apr-2015

1.83%
Distribution Yield  

as of 30-Apr-2015

1.78%
30 Day SEC Yield  

as of 30-Apr-2015

1.83%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please click on the "Returns" tab above.

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

Shares of ETFs 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 ETFs), and do not represent the returns you would receive if you traded shares at other times.

Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Certain sectors and markets perform exceptionally well based on current market conditions and iShares Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided “as is” and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.



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"), India Index Services & Products Limited, 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 or S&P Dow Jones Indices LLC, 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. Index data related to the underlying indexes is provided by the respective companies above.

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