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.
- - - - -
Market Price (%)   - - - - -
After Tax Pre-Liq. (%)   - - - - -
After Tax Post-Liq. (%)   - - - - -
as of
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
- -2.73 -4.65 -12.24 - - - - -5.69
Market Price (%)   - -3.49 -5.60 -13.16 - - - - -6.44
After Tax Pre-Liq. (%)   - -3.04 -4.96 -12.52 - - - - -6.57
After Tax Post-Liq. (%)   - -1.55 -2.64 -6.93 - - - - -3.18
as of
  2010 2011 2012 2013 2014
Total Return (%)   - - - - -
Market Price (%)   - - - - -

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 17, 2014 Dec 24, 2014 Dec 19, 2014 $0.168049 - - - -
Jun 25, 2014 Jul 2, 2014 Jun 27, 2014 $0.375915 - - - -
Mar 25, 2014 Apr 1, 2014 Mar 27, 2014 $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  

Oct 8, 2014

1.64%
Greatest Discount  

Oct 9, 2014

-0.84%
Days ± 0.5% of NAV 43
Percent ± 0.5% of NAV 67.19%
Select a Quarter   

Number of Days At:

Premium   42
NAV   2
Discount   20

Premium/Discount Range

# of Days

≥ 1.5 up to 2.0

1

≥ 1.0 up to 1.5

1

≥ 0.5 up to 1.0

10

≥ 0.0 up to 0.5

32

≥ -0.5 up to 0.0

11

≥ -1.0 up to -0.5

9

Chart Description  

Why is there a difference between NAV and Closing Price?  

Possible Timing Discrepancies  

Holdings

as of 22-Jan-2015

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

SREN

SWISS RE AG

2.30 Financials Switzerland $1,374,913 15,158 90.71 Six Swiss Exchange Ag USD CHF 0.87 1,374,912.80
holding-image

SBRY

J SAINSBURY PLC

2.28 Consumer Staples United Kingdom $1,365,886 335,842 1.79 London Stock Exchange USD GBP 1.51 1,365,886.47
holding-image

SCMN

SWISSCOM AG

2.22 Telecommunications Switzerland $1,326,854 2,236 593.41 Six Swiss Exchange Ag USD CHF 0.87 1,326,854.32
holding-image

AGU

AGRIUM INC.

2.20 Materials Canada $1,319,495 12,246 107.75 Toronto Stock Exchange USD CAD 1.23 1,319,495.20
holding-image

9437

NTT DOCOMO INC

2.19 Telecommunications Japan $1,310,694 78,000 16.80 Tokyo Stock Exchange USD JPY 117.92 1,310,693.69
holding-image

O2D

TELEFONICA DEUTSCHLAND HOLDING AG

2.14 Telecommunications Germany $1,283,840 233,454 4.22 Xetra USD EUR 1.14 1,283,840.13
holding-image

ORK

ORKLA ASA

2.10 Consumer Staples Norway $1,259,070 177,372 7.10 Oslo Bors Asa USD NOK 7.64 1,259,069.52
holding-image

ZURN

ZURICH INSURANCE GROUP AG

2.10 Financials Switzerland $1,257,320 3,744 335.82 Six Swiss Exchange Ag USD CHF 0.87 1,257,319.85
holding-image

CSU

CONSTELLATION SOFTWARE INC.

2.09 Information Technology Canada $1,249,630 4,420 282.72 Toronto Stock Exchange USD CAD 1.23 1,249,629.94
holding-image

9201

JAPAN AIRLINES LTD

2.09 Industrials Japan $1,248,516 39,000 32.01 Tokyo Stock Exchange USD JPY 117.92 1,248,515.94
Ticker ISIN SEDOL Name Weight (%) Sector Country Market Value Shares Price Exchange Currency Market Currency FX Rate Notional Value
Holdings are subject to change.

KEY FACTS

Net Assets

as of 23-Jan-2015

$60,018,741
Inception Date Feb 25, 2014
Exchange NYSE Arca
Asset Class Equities
Benchmark Index N/A

Shares Outstanding 2,600,000
Number of Holdings

as of 22-Jan-2015

170
CUSIP 46431W408
Closing Price  

as of 23-Jan-2015

22.98
20 Day Avg. Volume   7,626
Premium/Discount  

as of 23-Jan-2015

-0.58%
Options Available No

FEES as of 31-Jul-2014

Expense Ratio  

0.35%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 22-Jan-2015

13.23
P/B Ratio  

as of 22-Jan-2015

1.52

Equity Beta  

as of -

-
Standard Deviation (3y)  

as of -

-

12m Trailing Yield  

as of -

-
Distribution Yield  

as of 31-Dec-2014

1.42%
30 Day SEC Yield  

as of 31-Dec-2014

3.13%

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.

The Fund is actively managed and does not seek to replicate the performance of a specified index. The Fund may have a higher portfolio turnover than funds that seek to replicate the performance of an index.

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 Funds seek to provide exposure to large-capitalization and/or small-capitalization stocks that emphasize certain quantitative investment characteristics ("factors"), including, but not limited to, cash earnings, earnings variability, leverage, price-to-book ratio and market capitalization. There can be no assurance that exposure to such investment factors will enhance the Fund's performance over time. It is expected that exposure to such investment factors will detract from performance in some market environments, perhaps for extended periods. In such circumstances, the Fund's investment process will seek to maintain exposure to the targeted investment factors and will not adjust to target different factors. Small-capitalization companies may be less stable and more susceptible to adverse developments, and their securities may be more volatile and less liquid than larger capitalization companies.

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-US 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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