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.
as of
  1y 3y 5y 10y Incept.
6.33 - - - 3.92
Market Price (%)   6.37 - - - 3.91
Benchmark (%)   6.42 - - - 3.91
After Tax Pre-Liq. (%)   5.74 - - - 3.53
After Tax Post-Liq. (%)   4.11 - - - 3.17
as of
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.28 -8.27 -10.13 0.01 6.33 - - - 10.80
Market Price (%)   0.04 -8.14 -10.25 -0.31 6.37 - - - 10.76
Benchmark (%)   0.39 -8.29 -10.13 0.09 6.42 - - - 10.78
After Tax Pre-Liq. (%)   -0.01 -8.27 -10.13 -0.28 5.74 - - - 9.69
After Tax Post-Liq. (%)   0.44 -4.68 -5.73 0.28 4.11 - - - 8.69
as of
  2009 2010 2011 2012 2013
Total Return (%)   - - - - 13.29
Market Price (%)   - - - - 13.40
Benchmark (%)   - - - 1.18 13.12

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
Jun 25, 2014 Jul 2, 2014 Jun 27, 2014 $0.346454 - - - -
Dec 18, 2013 Dec 30, 2013 Dec 20, 2013 $0.298260 $0.298260 $0.000000 $0.000000 $0.000000
Jun 27, 2013 Jul 5, 2013 Jul 1, 2013 $0.343767 $0.343767 $0.000000 $0.000000 $0.000000
Dec 18, 2012 Dec 27, 2012 Dec 20, 2012 $0.284275 $0.284275 $0.000000 $0.000000 $0.000000
Jun 21, 2012 Jun 28, 2012 Jun 25, 2012 $0.315285 $0.315285 $0.000000 $0.000000 $0.000000

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.
Greatest Premium  

Jul 15, 2014

2.16%
Greatest Discount  

Aug 19, 2014

-0.39%
Days ± 0.5% of NAV 60
Percent ± 0.5% of NAV 93.75%
Select a Quarter   

Number of Days At:

Premium   39
NAV   3
Discount   22

Premium/Discount Range

# of Days

≥ 2.0 up to 2.5

1

≥ 1.5 up to 2.0

1

≥ 0.5 up to 1.0

2

≥ 0.0 up to 0.5

38

≥ -0.5 up to 0.0

22

Chart Description  

Why is there a difference between NAV and Closing Price?  

Possible Timing Discrepancies  

Holdings

as of 20-Nov-2014

Holding Weight (%) Sector Country Market Value Shares Price Exchange Currency Market Currency FX Rate Notional Value
holding-image

XOM

EXXON MOBIL CORP

15.97 Energy United States $1,152,715 12,030 95.82 New York Stock Exchange Inc. USD USD 1.00 -
holding-image

CVX

CHEVRON CORP

8.61 Energy United States $621,508 5,298 117.31 New York Stock Exchange Inc. USD USD 1.00 -
holding-image

RDSA

ROYAL DUTCH SHELL PLC CLASS A

5.17 Energy Netherlands $372,881 10,536 35.39 London Stock Exchange USD GBP 0.64 -
holding-image

BP.

BP PLC

4.97 Energy United Kingdom $358,474 51,729 6.93 London Stock Exchange USD GBP 0.64 -
holding-image

FP

TOTAL SA

4.85 Energy France $350,344 5,988 58.51 Nyse Euronext - Euronext Paris USD EUR 0.80 -
holding-image

RDSB

ROYAL DUTCH SHELL PLC CLASS B

3.76 Energy Netherlands $271,698 7,354 36.95 London Stock Exchange USD GBP 0.64 -
holding-image

COP

CONOCOPHILLIPS

3.50 Energy United States $252,355 3,447 73.21 New York Stock Exchange Inc. USD USD 1.00 -
holding-image

OXY

OCCIDENTAL PETROLEUM CORP

2.65 Energy United States $191,548 2,205 86.87 New York Stock Exchange Inc. USD USD 1.00 -
holding-image

BG

BG GROUP PLC

2.17 Energy United Kingdom $156,831 9,549 16.42 London Stock Exchange USD GBP 0.64 -
holding-image

EOG

EOG RESOURCES INC

2.13 Energy United States $153,933 1,548 99.44 New York Stock Exchange Inc. USD USD 1.00 -
Ticker ISIN SEDOL Name Weight (%) Sector Country Market Value Shares Price Exchange Currency Market Currency FX Rate Notional Value
Holdings are subject to change.

Exposure Breakdowns

as of 20-Nov-2014
  United States 51.55%
  Canada 9.78%
  Netherlands 8.93%
  United Kingdom 7.75%
  France 4.92%
  China 2.65%
  Russian Federation 2.21%
  Italy 2.08%
  Australia 1.51%
  Brazil 1.41%
  Norway 1.02%
  India 1.01%
  Other 4.61%
Show all 13 countries
as of 20-Nov-2014

% of Market Value

Energy

96.62%

Other/Undefined

2.44%

Pharmaceuticals Biotechnology & Life Sc

0.95%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 20-Nov-2014

$7,216,931
Inception Date Jan 31, 2012
Exchange NYSE Arca
Asset Class Equities
Benchmark Index MSCI ACWI Select Energy Producers Investable Market Index
Index Ticker M1WDSEPI

Shares Outstanding 300,000
Number of Holdings

as of 20-Nov-2014

228
CUSIP 464286343
Closing Price  

as of 20-Nov-2014

24.09
20 Day Avg. Volume   2,709
Premium/Discount  

as of 20-Nov-2014

0.64%
Options Available No

FEES

Expense Ratio  

0.39%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 31-Oct-2014

16.62
P/B Ratio  

as of 31-Oct-2014

1.73

Equity Beta  

as of 31-Oct-2014

1.42
Standard Deviation (3y)  

as of -

-

12m Trailing Yield  

as of 31-Oct-2014

2.65%
Distribution Yield  

as of 31-Oct-2014

2.54%
30 Day SEC Yield  

as of 31-Oct-2014

2.69%

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.

Funds that concentrate investments in a single sector will be more susceptible to factors affecting that sector and more volatile than funds that invest in many different sectors.

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”).

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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