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 25-Feb-2015

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

CHEVRON CORP

7.14 Energy United States $160,875,711 1,481,633 108.58 New York Stock Exchange Inc. USD USD 1.00 160,875,711.14
holding-image

XOM

EXXON MOBIL CORP

6.93 Energy United States $156,135,168 1,742,580 89.60 New York Stock Exchange Inc. USD USD 1.00 156,135,168.00
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SLB

SCHLUMBERGER NV

5.96 Energy United States $134,136,133 1,574,183 85.21 New York Stock Exchange Inc. USD USD 1.00 134,136,133.43
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COP

CONOCOPHILLIPS

4.51 Energy United States $101,688,025 1,505,820 67.53 New York Stock Exchange Inc. USD USD 1.00 101,688,024.60
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KMI

KINDER MORGAN INC

3.89 Energy United States $87,529,804 2,078,599 42.11 New York Stock Exchange Inc. USD USD 1.00 87,529,803.89
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OXY

OCCIDENTAL PETROLEUM CORP

3.38 Energy United States $76,087,848 948,608 80.21 New York Stock Exchange Inc. USD USD 1.00 76,087,847.68
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EOG

EOG RESOURCES INC

2.77 Energy United States $62,367,126 670,398 93.03 New York Stock Exchange Inc. USD USD 1.00 62,367,125.94
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SU

SUNCOR ENERGY INC.

2.43 Energy Canada $54,774,576 1,775,513 30.85 New York Stock Exchange Inc. USD USD 1.00 54,774,576.05
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PSX

PHILLIPS 66

2.38 Energy United States $53,554,212 677,130 79.09 New York Stock Exchange Inc. USD USD 1.00 53,554,211.70
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APC

ANADARKO PETROLEUM CORP

2.38 Energy United States $53,535,920 619,557 86.41 New York Stock Exchange Inc. USD USD 1.00 53,535,920.37
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 25-Feb-2015
  United States 86.61%
  Canada 12.78%
  Other 0.61%
as of 25-Feb-2015

% of Market Value

Oil, Gas, & Consumable Fuels

67.33%

Energy Equip & Services

16.55%

Metals & Mining

7.78%

Containers & Packaging

4.90%

Paper & Forest Prod.

1.85%

Construction Materials

1.29%

Cash and/or Derivatives

0.31%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 25-Feb-2015

$2,252,353,045
Inception Date Oct 22, 2001
Exchange NYSE Arca
Asset Class Equity
Benchmark Index S&P North American Natural Resources Sector Index™
Index Ticker SPGSSINR

Shares Outstanding 57,150,000
Number of Holdings

as of 25-Feb-2015

146
CUSIP 464287374
Closing Price  

as of 25-Feb-2015

39.42
20 Day Avg. Volume   133,688
Premium/Discount  

as of 25-Feb-2015

0.00%
Options Available Yes

FEES as of 31-Jul-2014

Expense Ratio  

0.48%

FEES as of 31-Dec-2014

Expense Ratio  

0.47%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 25-Feb-2015

15.07
P/B Ratio  

as of 25-Feb-2015

1.73

Equity Beta  

as of 30-Jan-2015

1.05
Standard Deviation (3y)  

as of 30-Jan-2015

15.86%

12m Trailing Yield  

as of 30-Jan-2015

1.90%
Distribution Yield  

as of 30-Jan-2015

2.14%
30 Day SEC Yield  

as of 30-Jan-2015

2.12%

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.

Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and than the general securities market.

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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