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 28-Jan-2015

Holding Weight (%) Sector Market Value Shares Price Exchange Notional Value
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NPSP

NPS PHARMACEUTICALS INC

0.96 Health Care $1,090,592 23,755 45.91 NASDAQ 1,090,592.05
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DXCM

DEXCOM INC.

0.93 Health Care $1,055,235 17,416 60.59 NASDAQ 1,055,235.44
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ZBRA

ZEBRA TECHNOLOGIES CORP. CL A

0.91 Information Technology $1,037,289 12,323 84.17 NASDAQ 1,037,288.52
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CUBE

CUBESMART

0.88 Financials $998,382 39,415 25.33 New York Stock Exchange Inc. 998,381.95
holding-image

NSAM

NORTHSTAR ASSET MANAGEMENT INC

0.86 Financials $972,366 45,651 21.30 New York Stock Exchange Inc. 972,366.30
holding-image

UNFI

UNITED NATURAL FOODS INC.

0.84 Consumer Staples $950,187 12,072 78.71 NASDAQ 950,187.12
holding-image

SKT

TANGER FACTORY OUTLET CENTERS INC.

0.81 Financials $924,607 23,208 39.84 New York Stock Exchange Inc. 924,606.72
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KATE

KATE SPADE

0.81 Consumer Discretionary $914,525 30,761 29.73 New York Stock Exchange Inc. 914,524.53
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MMS

MAXIMUS INC.

0.79 Information Technology $894,441 15,938 56.12 New York Stock Exchange Inc. 894,440.56
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CPHD

CEPHEID

0.78 Health Care $890,153 17,056 52.19 NASDAQ 890,152.64
Ticker ISIN SEDOL Name Weight (%) Sector Market Value Shares Price Exchange Notional Value
Holdings are subject to change.

Exposure Breakdowns

as of 28-Jan-2015

% of Market Value

Information Technology

28.15%

Health Care

21.65%

Consumer Discretionary

15.03%

Financials

14.76%

Industrials

12.27%

Consumer Staples

3.44%

Energy

2.61%

Materials

0.93%

Utilities

0.64%

Telecommunications

0.46%

Cash and/or Derivatives

0.07%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 29-Jan-2015

$114,827,438
Inception Date Jun 28, 2004
Exchange NYSE Arca
Asset Class Equities
Benchmark Index Morningstar Small Growth Index
Index Ticker MSGRT

Shares Outstanding 850,000
Number of Holdings

as of 28-Jan-2015

261
CUSIP 464288604
Closing Price  

as of 28-Jan-2015

133.66
20 Day Avg. Volume   719
Premium/Discount  

as of 29-Jan-2015

-
Options Available No

FEES as of 30-Apr-2014

Expense Ratio  

0.30%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 28-Jan-2015

34.46
P/B Ratio  

as of 28-Jan-2015

4.10

Equity Beta  

as of 31-Dec-2014

1.38
Standard Deviation (3y)  

as of 31-Dec-2014

13.15%

12m Trailing Yield  

as of 31-Dec-2014

0.56%
Distribution Yield  

as of 31-Dec-2014

0.75%
30 Day SEC Yield  

as of 31-Dec-2014

0.58%

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 Mutual Fund prospectus pages. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

Small-capitalization companies may be less stable and more susceptible to adverse developments, and their securities may be more volatile and less liquid than larger capitalization companies.

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”).

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