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 27-Mar-2015

Ticker Name Weight (%) Sector Country Market Value Shares Price Exchange Currency Market Currency FX Rate Notional Value
4523 EISAI LTD 2.10 Health Care Japan $44,495,190 602,300 73.88 Tokyo Stock Exchange USD JPY 119.16 44,495,190.50
4661 ORIENTAL LAND LTD 1.70 Consumer Discretionary Japan $36,030,651 441,800 81.55 Tokyo Stock Exchange USD JPY 119.16 36,030,651.23
11 HANG SENG BANK LTD 1.52 Financials Hong Kong $32,189,158 1,775,200 18.13 Hong Kong Exchanges And Clearing Ltd USD HKD 7.75 32,189,157.78
NOVN NOVARTIS AG 1.50 Health Care Switzerland $31,752,122 316,366 100.37 Six Swiss Exchange Ag USD CHF 0.96 31,752,122.27
SREN SWISS RE AG 1.49 Financials Switzerland $31,498,688 324,291 97.13 Six Swiss Exchange Ag USD CHF 0.96 31,498,687.64
RB. RECKITT BENCKISER GROUP PLC 1.45 Consumer Staples United Kingdom $30,705,452 352,187 87.19 London Stock Exchange USD GBP 0.67 30,705,451.77
NESN NESTLE SA 1.45 Consumer Staples Switzerland $30,679,349 402,273 76.26 Six Swiss Exchange Ag USD CHF 0.96 30,679,349.30
SCMN SWISSCOM AG 1.38 Telecommunications Switzerland $29,219,562 49,135 594.68 Six Swiss Exchange Ag USD CHF 0.96 29,219,561.82
CPG COMPASS GROUP PLC 1.36 Consumer Discretionary United Kingdom $28,747,931 1,645,864 17.47 London Stock Exchange USD GBP 0.67 28,747,931.23
4502 TAKEDA PHARMACEUTICAL LTD 1.31 Health Care Japan $27,821,563 542,500 51.28 Tokyo Stock Exchange USD JPY 119.16 27,821,563.44
Ticker ISIN SEDOL Name Weight (%) Asset Class Sector Country Market Value Shares Price Exchange Currency Market Currency FX Rate Notional Value
Holdings are subject to change.

Exposure Breakdowns

as of 27-Mar-2015
  Japan 28.63%
  United Kingdom 21.71%
  Switzerland 14.22%
  Hong Kong 8.37%
  Australia 6.42%
  France 4.54%
  Singapore 4.38%
  Germany 3.95%
  Israel 1.67%
  Denmark 1.58%
  Netherlands 1.1%
  Other 3.42%
Show all 12 countries
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 27-Mar-2015

% of Market Value

Financials

20.56%

Health Care

16.30%

Consumer Staples

15.69%

Consumer Discretionary

10.86%

Industrials

10.72%

Telecommunications

9.60%

Utilities

8.08%

Materials

3.02%

Energy

2.86%

Information Technology

1.60%

Cash and/or Derivatives

0.69%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 27-Mar-2015

$2,077,972,438
Inception Date Oct 18, 2011
Exchange NYSE Arca
Asset Class Equity
Benchmark Index MSCI EAFE Minimum Volatility (USD) Index
Index Ticker M00IEA$O

Shares Outstanding 31,100,000
Number of Holdings

as of 27-Mar-2015

198
CUSIP 46429B689
Closing Price  

as of 27-Mar-2015

67.01
20 Day Avg. Volume   57,636
Premium/Discount  

as of 27-Mar-2015

0.26%
Options Available Yes

FEES as of 31-Jul-2013

Expense Ratio  

0.34%

Fee Waiver  

0.14%

Expense Ratio (including waivers)

0.20%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 27-Mar-2015

17.06
P/B Ratio  

as of 27-Mar-2015

2.22

Equity Beta  

as of 30-Jan-2015

0.37
Standard Deviation (3y)  

as of 30-Jan-2015

10.27%

12m Trailing Yield  

as of 27-Feb-2015

3.32%
Distribution Yield  

as of 27-Feb-2015

2.60%
30 Day SEC Yield  

as of 27-Feb-2015

2.41%
Unsubsidized 30-Day SEC Yield  

as of 27-Feb-2015

2.29%

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.

International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/developing markets or in concentrations of single countries.

The iShares Minimum Volatility ETFs may experience more than minimum volatility as there is no guarantee that the underlying index's strategy of seeking to lower volatility will be successful.

Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Performance would have been lower without such waivers.

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.

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 (1-888-678-4667). 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 1-888-Options (1-888-678-4667) and its website is www.888options.com.

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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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