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.
14.48 - - - 18.90
Market Price (%)   14.54 - - - 18.95
Benchmark (%)   14.69 - - - 19.16
After Tax Pre-Liq. (%)   14.16 - - - 18.51
After Tax Post-Liq. (%)   8.40 - - - 14.54
as of
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
14.48 -1.05 5.03 8.06 14.48 - - - 34.50
Market Price (%)   14.54 -1.01 5.06 8.12 14.54 - - - 34.59
Benchmark (%)   14.69 -1.05 5.09 8.16 14.69 - - - 34.85
After Tax Pre-Liq. (%)   14.16 -1.14 4.94 7.89 14.16 - - - 33.75
After Tax Post-Liq. (%)   8.40 -0.53 2.92 4.68 8.40 - - - 26.17
as of
  2010 2011 2012 2013 2014
Total Return (%)   - - - - 14.48
Market Price (%)   - - - - 14.54
Benchmark (%)   - - - - 14.69

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
Dec 24, 2014 Dec 31, 2014 Dec 29, 2014 $0.237335 - - - -
Sep 24, 2014 Sep 30, 2014 Sep 26, 2014 $0.173761 - - - -
Jun 25, 2014 Jul 1, 2014 Jun 27, 2014 $0.197180 - - - -
Mar 25, 2014 Mar 31, 2014 Mar 27, 2014 $0.101178 - - - -
Dec 23, 2013 Dec 30, 2013 Dec 26, 2013 $0.209381 $0.209381 $0.000000 $0.000000 $0.000000
Sep 24, 2013 Sep 30, 2013 Sep 26, 2013 $0.203626 $0.203626 $0.000000 $0.000000 $0.000000
Jun 27, 2013 Jul 3, 2013 Jul 1, 2013 $0.196890 $0.196890 $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  

Dec 23, 2014

0.08%
Greatest Discount  

Oct 23, 2014

-0.04%
Days ± 0.5% of NAV 64
Percent ± 0.5% of NAV 100.00%
Select a Quarter   

Number of Days At:

Premium   42
NAV   6
Discount   16

Premium/Discount Range

# of Days

≥ 0.0 up to 0.5

48

≥ -0.5 up to 0.0

16

Chart Description  

Why is there a difference between NAV and Closing Price?  

Possible Timing Discrepancies  

Holdings

as of 27-Jan-2015

Holding Weight (%) Sector Market Value Shares Price Exchange Notional Value
holding-image

AAPL

APPLE INC

4.74 Information Technology $25,446,209 233,152 109.14 NASDAQ 25,446,209.28
holding-image

MSFT

MICROSOFT CORP

4.22 Information Technology $22,619,484 530,227 42.66 NASDAQ 22,619,483.82
holding-image

GILD

GILEAD SCIENCES INC

4.00 Health Care $21,472,018 204,437 105.03 NASDAQ 21,472,018.11
holding-image

INTC

INTEL CORPORATION CORP

4.00 Information Technology $21,455,224 627,621 34.19 NASDAQ 21,455,223.89
holding-image

JNJ

JOHNSON & JOHNSON

3.83 Health Care $20,559,395 201,385 102.09 New York Stock Exchange Inc. 20,559,394.65
holding-image

AMGN

AMGEN INC

3.60 Health Care $19,296,555 121,446 158.89 NASDAQ 19,296,554.94
holding-image

UNP

UNION PACIFIC CORP

3.04 Industrials $16,297,850 134,849 120.86 New York Stock Exchange Inc. 16,297,850.14
holding-image

CVS

CVS HEALTH CORP

2.93 Consumer Staples $15,738,304 156,103 100.82 New York Stock Exchange Inc. 15,738,304.46
holding-image

FB

FACEBOOK CLASS A INC

2.93 Information Technology $15,703,510 207,225 75.78 NASDAQ 15,703,510.50
holding-image

BRKB

BERKSHIRE HATHAWAY INC CLASS B

2.85 Financials $15,281,627 103,499 147.65 New York Stock Exchange Inc. 15,281,627.35
Ticker ISIN SEDOL Name Weight (%) Sector Market Value Shares Price Exchange Notional Value
Holdings are subject to change.

Exposure Breakdowns

as of 27-Jan-2015

% of Market Value

Health Care

32.51%

Information Technology

22.75%

Consumer Discretionary

11.63%

Industrials

11.24%

Consumer Staples

10.28%

Financials

6.84%

Utilities

1.88%

Materials

1.58%

Energy

0.93%

Telecommunications

0.35%

Cash and/or Derivatives

0.07%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 27-Jan-2015

$536,623,833
Inception Date Apr 16, 2013
Exchange NYSE Arca
Asset Class Equities
Benchmark Index MSCI USA Momentum Index
Index Ticker M2US000$

Shares Outstanding 7,800,000
Number of Holdings

as of 26-Jan-2015

124
CUSIP 46432F396
Closing Price  

as of 27-Jan-2015

68.78
20 Day Avg. Volume   19,687
Premium/Discount  

as of 27-Jan-2015

0.02%
Options Available No

FEES as of 31-Jul-2014

Expense Ratio  

0.15%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 27-Jan-2015

25.54
P/B Ratio  

as of 27-Jan-2015

4.82

Equity Beta  

as of 31-Dec-2014

1.10
Standard Deviation (3y)  

as of -

-

12m Trailing Yield  

as of 31-Dec-2014

1.04%
Distribution Yield  

as of 31-Dec-2014

1.26%
30 Day SEC Yield  

as of 31-Dec-2014

1.49%

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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1. Source: BlackRock, Global Return Premiums on Earnings Quality, Value and Size, January 7, 2013.

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.

Stocks that previously exhibited high momentum may not experience continued positive momentum or may experience more volatility than the market as a whole.

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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