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.
Currency Hedged Performance Example Explanation

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.
Currency Hedged Performance Example Explanation

Holdings

as of 26-Mar-2015

Ticker Name Sector Asset Class Market Value Country Price ISIN SEDOL Currency Maturity Coupon (%) Duration Mod. Duration YTM (%) Yield to Call (%) Yield to Worst (%)
EFA ISHARES MSCI EAFE ETF Financials EQ $1,965,509,257 United States 64.98 US4642874659 2801290 USD - 0.00 0.00 - 0.00 - 0.00
EUR EUR/USD Cash and/or Derivatives FWD $12,288,224 United States 1.00 - - USD Apr 8, 2015 0.00 0.00 - - - -
GBP GBP/USD Cash and/or Derivatives FWD $10,279,909 United States 1.00 - - USD Apr 8, 2015 0.00 0.00 - - - -
CHF CHF/USD Cash and/or Derivatives FWD $1,381,370 United States 1.00 - - USD Apr 8, 2015 0.00 0.00 - - - -
BLKFDS BLK CSH FND TREASURY SL AGENCY Cash and/or Derivatives MM $1,212,497 United States 1.00 US0669224778 - USD - 0.18 0.00 - 0.18 - 0.18
SEK SEK/USD Cash and/or Derivatives FWD $1,004,853 United States 1.00 - - USD Apr 8, 2015 0.00 0.00 - - - -
DKK DKK/USD Cash and/or Derivatives FWD $622,373 United States 1.00 - - USD Apr 8, 2015 0.00 0.00 - - - -
JPY JPY/USD Cash and/or Derivatives FWD $432,540 United States 1.00 - - USD Apr 8, 2015 0.00 0.00 - - - -
GBP GBP/USD Cash and/or Derivatives FWD $424,364 United States 1.00 - - USD Apr 8, 2015 0.00 0.00 - - - -
AUD AUD/USD Cash and/or Derivatives FWD $411,979 United States 1.00 - - USD Apr 8, 2015 0.00 0.00 - - - -
Ticker Name Sector Asset Class Country Market Value Price ISIN SEDOL Currency Maturity Coupon (%) Duration Mod. Duration YTM (%) Yield to Call (%) Yield to Worst (%)
Exchange-traded index futures may be used to offset cash and receivables for the purpose of tracking the benchmark index.
Ticker Name Sector Asset Class Country Market Value Price ISIN SEDOL Currency Maturity Coupon (%) Duration Mod. Duration YTM (%) Yield to Call (%) Yield to Worst (%)
Holdings are subject to change.

Exposure Breakdowns

as of 26-Mar-2015

% of Market Value

Financials

25.50%

Consumer Discretionary

12.80%

Industrials

12.55%

Health Care

11.10%

Consumer Staples

10.79%

Materials

7.35%

Energy

5.12%

Information Technology

4.77%

Telecommunications

4.63%

Utilities

3.52%

Cash and/or Derivatives

1.90%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 27-Mar-2015

$1,996,137,093
Inception Date Jan 31, 2014
Exchange NYSE Arca
Asset Class Equity
Benchmark Index MSCI EAFE 100% Hedged to USD Index
Index Ticker M0EFHUSD

Shares Outstanding 71,200,000
Number of Holdings

as of 26-Mar-2015

1
CUSIP 46434V803
Closing Price  

as of 27-Mar-2015

28.06
20 Day Avg. Volume   322,660
Premium/Discount  

as of 27-Mar-2015

0.02%
Options Available No

FEES as of 31-Jul-2014

Expense Ratio  

0.73%

Fee Waiver  

0.34%

Expense Ratio (including waivers)

0.39%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 26-Mar-2015

0.00
P/B Ratio  

as of 26-Mar-2015

0.00

Equity Beta  

as of 30-Jan-2015

0.34
Standard Deviation (3y)  

as of -

-

12m Trailing Yield  

as of 27-Feb-2015

2.83%
Distribution Yield  

as of 27-Feb-2015

1.32%
30 Day SEC Yield  

as of 27-Feb-2015

2.89%
Unsubsidized 30-Day SEC Yield  

as of 27-Feb-2015

2.59%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please click on the "Returns" tab above.

More Products

* Source: BlackRock. Assets under management for HEZU, EZU, HEFA, EFA, HEEM, EEM, HEWJ, EWJ, HEWG, EWG as of 3/11/15.

** Source: BlackRock. The trading of iShares currency hedged funds encompasses the liquidity of their unhedged counterparts and their underlying baskets of securities. For HEZU, HEFA, HEEM, HEWJ, and HEWG, the weighted average 3 month spread was 0.03 and the weighted average 3 month ADV was $17.8M as of 2/27/15. There can be no assurance that an active trading market for shares of an ETF will develop or be maintained.

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 Fund's use of derivatives may reduce the Fund's returns and/or increase volatility and subject the Fund to counterparty risk, which is the risk that the other party in the transaction will not fulfill its contractual obligation. The Fund could suffer losses related to its derivative positions because of a possible lack of liquidity in the secondary market and as a result of unanticipated market movements, which losses are potentially unlimited. There can be no assurance that the Fund's hedging transactions will be effective.

Investment in the Fund is subject to the risk of the underlying Funds.

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.

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.

Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Real Estate 50 Index, FTSE NAREIT Residential Plus Capped Index, FTSE NAREIT Industrial/Office Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Global REIT Index or FTSE EPRA/NAREIT Developed Asia Index; all rights vest in FTSE, NAREIT and EPRA. "FTSE®" is a trademark of London Stock Exchange Group companies and is used by FTSE under license.

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