August 22, 2016 – iShares Product Update

iShares Fund Updates – ESGD, ESGE and MPCT

On 8/22/2016, the iShares MSCI EAFE ESG Select ETF (ESGD) and the iShares MSCI EM ESG Select ETF (ESGE) will update fund names, index names and investment objectives. The changes provide additional description of the funds underlying index.

Current Fund NameNew Fund NameCurrent Index NameProposed New Index NameCurrent Investment ObjectiveProposed Investment Objective
iShares MSCI EAFE ESG Select ETF iShares MSCI EAFE ESG Optimized ETF MSCI EAFE ESG Select Index MSCI EAFE ESG Focus Index The iShares MSCI EAFE ESG Select ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada that have positive environmental, social and governance characteristics as identified by the index provider. The iShares MSCI EAFE ESG Optimized ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada that have positive environmental, social and governance characteristics as identified by the index provider while exhibiting risk and return characteristics similar to those of the parent index.
iShares MSCI EM ESG Select ETF iShares MSCI EM ESG Optimized ETF MSCI Emerging Markets ESG Select Index MSCI Emerging Markets ESG Focus Index The iShares MSCI EM ESG Select ETF seeks to track the investment results of an index composed of large- and mid-capitalization emerging market equities that have positive environmental, social and governance characteristics as identified by the index provider. The iShares MSCI EM ESG Optimized ETF seeks to track the investment results of an index composed of large- and mid-capitalization emerging market equities that have positive environmental, social and governance characteristics as identified by the index provider while exhibiting risk and return characteristics similar to those of the parent index.

Additionally, the iShares Sustainable MSCI Global Impact ETF (MPCT) will remove the “Sustainable” from the fund name, effective August 22, 2016. The new name will be iShares MSCI Global Impact ETF.


August 1, 2016 – iShares Product Update

Fee Waiver and Expense Ratio Updates

On 8/1/2016, 14 iShares funds with contractual fee waivers (not due to AFFE*) had their fees simplified by converting the fee waivers to permanent price reductions.

Additionally, funds with FYE 3/31/16 had expense ratio updates.

FundTickerOld Expense RatioNew Net Expense Ratio
iShares® iBonds® Sep 2016 Term Muni Bond ETF IBME 0.30% 0.18%
iShares® iBonds® Sep 2017 Term Muni Bond ETF IBMF 0.30% 0.18%
iShares® iBonds® Sep 2018 Term Muni Bond ETF IBMG 0.30% 0.18%
iShares® iBonds® Sep 2019 Term Muni Bond ETF IBMH 0.30% 0.18%
iShares® iBonds® Sep 2020 Term Muni Bond ETF IBMI 0.30% 0.18%
iShares® iBonds® Dec 2021 Term Muni Bond ETF IBMJ 0.30% 0.18%
iShares® iBonds® Dec 2022 Term Muni Bond ETF IBMK 0.30% 0.18%
iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0.50% 0.30%
iShares 0-5 Year TIPS Bond ETF STIP 0.20% 0.10%
iShares Emerging Markets Dividend ETF DVYE 0.68% 0.49%
iShares International High Yield Bond ETF HYXU 0.55% 0.40%
iShares Global High Yield Corporate Bond ETF GHYG 0.55% 0.40%
iShares MSCI ACWI Low Carbon Target ETF CRBN 0.33% 0.20%
iShares MSCI Emerging Markets Asia ETF EEMA 0.68% 0.49%

*AFFE: Acquired Fund Fees and Expenses

Fund NameTickerOld Net Expense RatioNew Net Expense RatioReason
iShares India 50 ETF INDY 0.93% 0.94% Increase in foreign taxes from 0.04% to 0.05%
iShares Nasdaq Biotechnology ETF IBB 0.48% 0.47% Breakpoints
iShares North American Natural Resources ETF IGE 0.47% 0.48% Breakpoints
iShares North American Tech ETF IGM 0.47% 0.48% Breakpoints
iShares North American Tech-Multimedia Networking ETF IGN 0.47% 0.48% Breakpoints
iShares North American Tech-Software ETF IGV 0.47% 0.48% Breakpoints
iShares PHLX Semiconductor ETF SOXX 0.47% 0.48% Breakpoints
iShares U.S. Aerospace & Defense ETF ITA 0.43% 0.44% Breakpoints
iShares U.S. Broker-Dealers & Securities Exchanges ETF IAI 0.43% 0.44% Breakpoints
iShares U.S. Healthcare Providers ETF IHF 0.43% 0.44% Breakpoints
iShares U.S. Home Construction ETF ITB 0.43% 0.44% Breakpoints
iShares U.S. Insurance ETF IAK 0.43% 0.44% Breakpoints
iShares U.S. Medical Devices ETF IHI 0.43% 0.44% Breakpoints
iShares U.S. Oil & Gas Exploration & Production ETF IEO 0.43% 0.44% Breakpoints
iShares U.S. Oil Equipment & Services ETF IEZ 0.43% 0.44% Breakpoints
iShares U.S. Pharmaceuticals ETF IHE 0.43% 0.44% Breakpoints
iShares U.S. Real Estate ETF IYR 0.43% 0.44% Breakpoints
iShares U.S. Regional Banks ETF IAT 0.43% 0.44% Breakpoints
iShares U.S. Telecommunications ETF IYZ 0.43% 0.44% Breakpoints

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July 11, 2016 - iShares Product Update

Share Splits for iShares ETFs & Annual Russell Reconstitution

BlackRock announced on June 27, 2016 that the Board of Trustees for iShares Trust has authorized share splits for a number of iShares ETFs. The Board has approved share splits for 11 iShares ETFs for shareholders of record as of the close of business on July 19, 2016, payable after the close of trading on July 22, 2016.

Please refer to the table below for information regarding the share splits.

Fund NameTickerExpense RatioIndex NameProposed Forward Split Ratio
iShares Core S&P Total U.S. Stock Market ETF ITOT 0.03% S&P Total Market Index 2 for 1
iShares Core U.S. Growth ETF IUSG 0.07% Russell 3000 Growth Index 2 for 1
iShares Core U.S. Value ETF IUSV 0.07% Russell 3000 Value Index 3 for 1
iShares Core Total USD Bond Market ETF IUSB 0.12% Barclays U.S. Universal Index 2 for 1
iShares Core 1-5 Year USD Bond ETF ISTB 0.12% Barclays U.S. Universal 1-5 Year Index 2 for 1
iBonds® Mar 2018 Term Corporate ex-Financials ETF IBCC 0.10% Barclays 2018 Maturity High Quality Corporate 4 for 1
iBonds® Mar 2020 Term Corporate ex-Financials ETF IBCD 0.10% Barclays 2020 Maturity High Quality Corporate 4 for 1
iBonds® Mar 2023 Term Corporate ex-Financials ETF IBCE 0.10% Barclays 2023 Maturity High Quality Corporate 4 for 1
iBonds® Mar 2018 Term Corporate ETF IBDB 0.10% Barclays 2018 Maturity Corporate Index 4 for 1
iBonds® Mar 2020 Term Corporate ETF IBDC 0.10% Barclays 2020 Maturity Corporate Index 4 for 1
iBonds® Mar 2023 Term Corporate ETF IBDD 0.10% Barclays 2023 Maturity Corporate Index 4 for 1

2016 Annual Russell Reconstitution

The Russell indexes underwent their annual reconstitution on June 24th. The iShares Russell family of funds (16 in total) performed as expected, effectively navigating the day with a total two-sided trade of $29 billion and an average one-way turnover of 12.7%. Please reference the related document below for further details.

2016 Annual Russell Reconstitution Overview

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July 1, 2016 – iShares Product Update

Index Changes for 3 iShares Treasury ETFs

Effective on or around 7/1/2016, iShares will be changing the underlying indexes for three iShares Treasury ETFs – GOVT, SHV and TLH – from Barclays to the ICE U.S. Treasury Index Series, which is administered and operated by Interactive Data (IDC). The composition, methodology, and back-tested returns are very similar to the existing Barclays indexes and, the fund expense ratios will not be affected.

Why the move?

The decision was based on iShares review of the fixed income provider landscape and the need to ensure that we are working with multiple competitive fixed income providers. Diversification encourages continuous innovation and ultimately helps to improve our clients’ experience.

Please reference the data below for further details.

FundTickerCurrent IndexNew Index
iShares Core U.S. Treasury Bond ETF GOVT Barclays U.S. Treasury Bond Index ICE U.S. Treasury Core Bond Index
iShares Short Treasury Bond ETF SHV Barclays U.S. Short Treasury Bond Index ICE U.S. Treasury Short Bond Index
iShares 10-20 Year Treasury Bond ETF TLH Barclays U.S. 10-20 Year Treasury Bond Index ICE U.S. Treasury 10-20 Year Bond Index


June 24, 2016 – iShares Product Update

Closing 10 iShares ETFs

At iShares, we continually review our products to ensure they meet the evolving needs of our clients. As part of our review process, we have decided to close 10 iShares ETFs. The decision was based on ongoing reviews, client feedback and lack of investor interest.

The funds will continue to trade through August 24th, 2016. At that time, the funds will seek to liquidate holdings. Shareholders should expect to receive a cash distribution on or about September 2, 2016.

Which funds are closing?

TickerETF NameAUM ($M) as of 6/15/16Inception Date
Emerging Markets
EEML iShares MSCI Emerging Markets Latin America ETF 8.4 1/18/2012
EMHZ iShares MSCI Emerging Markets Horizon ETF 2.8 10/14/2014
Enhanced
IEIL iShares Enhanced International Large-Cap ETF 64.9 2/25/2014
IELG iShares Enhanced U.S. Large-Cap ETF 81.4 4/16/2013
IEIS iShares Enhanced International Small-Cap ETF 18.8 2/25/2014
IESM iShares Enhanced U.S. Small-Cap ETF 25 4/16/2013
Fixed Income
ITIP iShares International Inflation-Linked Bond ETF 25.4 5/18/2011
GTIP iShares Global Inflation-Linked Bond ETF 14.7 5/18/2011
QLTB iShares Baa - Ba Rated Corporate Bond ETF 36.2 4/24/2012
QLTC iShares B - Ca Rated Corporate Bond ETF 11.2 4/24/2012


June 16, 2016 – iShares Product Update

Announcing Fee Reductions

Effective June 16, 2016, we are lowering fees on two iShares fixed income ETFs - the iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and the iShares Convertible Bond ETF (ICVT), making them even more attractive to investors. These reductions can help you keep more of what you earn when using iShares ETFs in your portfolio.

ICVT: brief overview

ICVT offers exposures to convertible bonds, which are fixed income securities with the option to convert to common stock of the issuer. The bonds can be converted to equity if the common stock appreciates above a predetermined conversion price. Use ICVT to seek the upside growth potential of stocks with the income and downside risk management characteristics of traditional bonds.

SLQD: brief overview

SLQD offers exposure to short-term investment grade bonds and is designed to complement one of the most widely-used ETFs in the world1 – the iShares Corporate Bond ETF (LQD) - allowing investors to maintain exposure to this asset class with the potential for less interest rate risk.

Fund NameTickerCurrent Expense RatioNew Expense Ratio
iShares 0-5 Year Investment Grade Corporate Bond ETF SLQD 0.15% 0.08%
iShares Convertible Bond ETF ICVT 0.35% 0.20%


1 Source: LQD is the 14th largest ETF out of the 1,914 ETFs in existence at $29b in AUM per ETF.com as of 6/10/2016

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May 11, 2016 – iShares Product Launch and Updates

iShares Edge

BlackRock announces the launch of the iShares Edge MSCI Multifactor Sector ETFs – a suite of Smart Beta sector funds that target select companies within their U.S. stock sector. The funds offer exposure to style factors which have historically outperformed their broad sectors and focus on four proven drivers of return: financial health (quality), low valuation (value), trending price (momentum), and smaller market cap (size).1

Why Edge Sector?

  • Seek outperformance with similar risk to the broad respective sector market.
  • Focus on proven drivers of return: inexpensive stocks, financially healthy firms, trending stocks and relatively smaller companies.1
  • Use as part of a sector rotation strategy or to tilt a portfolio towards specific sectors.

Furthermore, we are excited that all of our factor-based Smart Beta ETFs will join the new iShares Edge suite. iShares Edge will cover 26 existing Smart Beta funds as well as the 9 new Smart Beta sector funds – all of which are listed below. Note that we are not making any changes to our existing funds beyond the fund names.

1. Source: MSCI.

Current iShares Funds joining the iShares Edge suite:

Current Fund NameNew Fund NameTickerIs there a Methodology and/or Ticker Change?Exchange
iShares Currency Hedged MSCI EM Minimum Volatility ETF iShares Edge MSCI Min Vol EM Currency Hedged ETF HEMV NO BATS
iShares MSCI Emerging Markets Minimum Volatility ETF iShares Edge MSCI Min Vol Emerging Markets ETF EEMV NO ARCA
iShares MSCI All Country World Minimum Volatility ETF iShares Edge MSCI Min Vol Global ETF ACWV NO ARCA
iShares MSCI International Developed Momentum Factor ETF iShares Edge MSCI Intl Momentum Factor ETF IMTM NO ARCA
iShares MSCI International Developed Quality Factor ETF iShares Edge MSCI Intl Quality Factor ETF IQLT NO ARCA
iShares MSCI International Developed Size Factor ETF iShares Edge MSCI Intl Size Factor ETF ISZE NO ARCA
iShares MSCI International Developed Value Factor ETF iShares Edge MSCI Intl Value Factor ETF IVLU NO ARCA
iShares MSCI Asia ex Japan Minimum Volatility ETF iShares Edge MSCI Min Vol Asia ex Japan ETF AXJV NO ARCA
iShares Currency Hedged MSCI EAFE Minimum Volatility ETF iShares Edge MSCI Min Vol EAFE Currency Hedged ETF HEFV NO ARCA
iShares MSCI EAFE Minimum Volatility ETF iShares Edge MSCI Min Vol EAFE ETF EFAV NO ARCA
iShares Currency Hedged MSCI Europe Minimum Volatility ETF iShares Edge MSCI Min Vol Europe Currency Hedged ETF HEUV NO ARCA
iShares MSCI Europe Minimum Volatility ETF iShares Edge MSCI Min Vol Europe ETF EUMV NO ARCA
iShares Currency Hedged MSCI ACWI Minimum Volatility ETF iShares Edge MSCI Min Vol Global Currency Hedged ETF HACV NO ARCA
iShares MSCI Japan Minimum Volatility ETF iShares Edge MSCI Min Vol Japan ETF JPMV NO ARCA
iShares MSCI USA Minimum Volatility ETF iShares Edge MSCI Min Vol USA ETF USMV NO ARCA
iShares FactorSelect MSCI Global ETF iShares Edge MSCI Multifactor Global ETF ACWF NO ARCA
iShares FactorSelect MSCI International ETF iShares Edge MSCI Multifactor Intl ETF INTF NO ARCA
iShares FactorSelect MSCI Intl Small-Cap ETF iShares Edge MSCI Multifactor Intl Small-Cap ETF ISCF NO ARCA
iShares FactorSelect MSCI USA ETF iShares Edge MSCI Multifactor USA ETF LRGF NO ARCA
iShares FactorSelect MSCI USA Small-Cap ETF iShares Edge MSCI Multifactor USA Small-Cap ETF SMLF NO ARCA
iShares MSCI USA Momentum Factor ETF iShares Edge MSCI USA Momentum Factor ETF MTUM NO ARCA
iShares MSCI USA Quality Factor ETF iShares Edge MSCI USA Quality Factor ETF QUAL NO ARCA
iShares MSCI USA Size Factor ETF iShares Edge MSCI USA Size Factor ETF SIZE NO ARCA
iShares MSCI USA Value Factor ETF iShares Edge MSCI USA Value Factor ETF VLUE NO ARCA
iShares FactorSelect MSCI Emerging ETF iShares Edge MSCI Multifactor Emerging Markets ETF EMGF NO BATS
iShares U.S. Fixed Income Balanced Risk ETF iShares Edge U.S. Fixed Income Balanced Risk ETF INC* No, there is no methodology change.

*Yes, the ticker will change from INC to FIBR.
BATS


March 21, 2016 – iShares Product Update

iShares iBonds Funds Maturing

In accordance with their prospectuses and investment objectives, the iShares® iBonds® Mar 2016 Corporate ex-Financials ETF (ticker: IBCB) and the iShares® iBonds® Mar 2016 Corporate ETF (ticker: IBDA), with planned maturity dates of April 4th and April 5th respectively, are closing effective March 29th 2016.

View the public press release

TickerFund NameWhy is the Fund Closing?When Will Investors Receive Their Proceeds?When Will Estimated Payment Be Announced?Effective Date
IBCB iShares® iBonds® Mar 2016 Corporate ex-Financials ETF The funds are intended to track corporate bonds that mature in 2016. Once the last of the bonds within each fund matures, they will close and cease to trade. Investors will receive the entire amount of their proceeds in cash on or after April 4th, 2016. Shareholders will receive proceeds based on the net asset value of the fund as calculated on March 29th, which will be available after close of trading on iShares.com and other financial websites. 3/29/2016
IBDA iShares® iBonds® Mar 2016 Corporate ETF The funds are intended to track corporate bonds that mature in 2016. Once the last of the bonds within each fund matures, they will close and cease to trade. Investors will receive the entire amount of their proceeds in cash on or after April 5th, 2016. Shareholders will receive proceeds based on the net asset value of the fund as calculated on March 29th, which will be available after close of trading on iShares.com and other financial websites. 3/29/2016


March 1, 2016 – iShares Product Updates

As of 3/1/2016, the expense ratios for the iShares Treasury Floating Rate Bond ETF (ticker: TFLO) and the iShares Short Maturity Bond ETF (ticker: NEAR) will be changing.

Additionally, effective 3/1/2016, several fund names will be changing. Please note that there will be no change to the investment objective for any of the listed funds.

The changes mentioned above are noted in the charts below, respectively.

FundTickerOld Net Expense RatioNew Net Expense RatioDifferenceReason
iShares Treasury Floating Rate Bond ETF TFLO 0.00% 0.15% 0.15% Termination of contractual fee waiver on 2/29/16
iShares Short Maturity Bond ETF NEAR 0.25% 0.26% 0.01% Increase in AFFE *

* AFFE: Acquired Fund Fees and Expenses

Old Fund NameNew Fund NameTickerNet Expense RatioExchange
iShares® iBonds® Dec 2016 Corporate ETF iShares® iBonds® Dec 2016 Term Corporate ETF IBDF 0.10% NYSE Arca
iShares® iBonds® Dec 2017 Corporate ETF iShares® iBonds® Dec 2017 Term Corporate ETF IBDJ 0.10% NYSE Arca
iShares® iBonds® Mar 2018 Corporate ETF iShares iBonds Mar 2018 Term Corporate ETF IBDB 0.10% NYSE Arca
iShares® iBonds® Mar 2018 Corporate ex-Financials ETF iShares iBonds Mar 2018 Term Corporate ex-Financials ETF IBCC 0.10% NYSE Arca
iShares® iBonds® Dec 2018 Corporate ETF iShares® iBonds® Dec 2018 Term Corporate ETF IBDH 0.10% NYSE Arca
iShares® iBonds® Dec 2019 Corporate ETF iShares® iBonds® Dec 2019 Term Corporate ETF IBDK 0.10% NYSE Arca
iShares® iBonds® Mar 2020 Corporate ETF iShares® iBonds® Mar 2020 Term Corporate ETF IBDC 0.10% NYSE Arca
iShares® iBonds® Mar 2020 Corporate ex-Financials ETF iShares® iBonds® Mar 2020 Term Corporate ex-Financials ETF IBCD 0.10% NYSE Arca
iShares® iBonds® Dec 2020 Corporate ETF iShares® iBonds® Dec 2020 Term Corporate ETF IBDL 0.10% NYSE Arca
iShares® iBonds® Dec 2021 Corporate ETF iShares® iBonds® Dec 2021 Term Corporate ETF IBDM 0.10% NYSE Arca
iShares® iBonds® Dec 2022 Corporate ETF iShares® iBonds® Dec 2022 Term Corporate ETF IBDN 0.10% NYSE Arca
iShares® iBonds® Mar 2023 Corporate ETF iShares® iBonds® Mar 2023 Term Corporate ETF IBDD 0.10% NYSE Arca
iShares® iBonds® Mar 2023 Corporate ex-Financials ETF iShares® iBonds® Mar 2023 Term Corporate ex-Financials ETF IBCE 0.10% NYSE Arca
iShares® iBonds® Dec 2023 Corporate ETF iShares® iBonds® Dec 2023 Term Corporate ETF IBDO 0.10% NYSE Arca
iShares® iBonds® Dec 2024 Corporate ETF iShares® iBonds® Dec 2024 Term Corporate ETF IBDP 0.10% NYSE Arca
iShares® iBonds® Dec 2025 Corporate ETF iShares® iBonds® Dec 2025 Term Corporate ETF IBDQ 0.10% NYSE Arca
iShares® iBonds® Sep 2016 AMT-Free Muni Bond ETF iShares® iBonds® Sep 2016 Term Muni Bond ETF IBME 0.18% NYSE Arca
iShares iBonds Sep 2017 AMT-Free Muni Bond ETF iShares iBonds Sep 2017 Term Muni Bond ETF IBMF 0.18% NYSE Arca
iShares® iBonds® Sep 2018 AMT-Free Muni Bond ETF iShares® iBonds® Sep 2018 Term Muni Bond ETF IBMG 0.18% NYSE Arca
iShares® iBonds® Sep 2019 AMT-Free Muni Bond ETF iShares® iBonds® Sep 2019 Term Muni Bond ETF IBMH 0.18% NYSE Arca
iShares® iBonds® Sep 2020 AMT-Free Muni Bond ETF iShares® iBonds® Sep 2020 Term Muni Bond ETF IBMI 0.18% NYSE Arca
iShares® iBonds® Dec 2021 AMT-Free Muni Bond ETF iShares® iBonds® Dec 2021 Term Muni Bond ETF IBMJ 0.18% NYSE Arca
iShares® iBonds® Dec 2022 AMT-Free Muni Bond ETF iShares® iBonds® Dec 2022 Term Muni Bond ETF IBMK 0.18% NYSE Arca
iShares National AMT-Free Muni Bond ETF iShares National Muni Bond ETF MUB 0.25% NYSE Arca
iShares Short-Term National AMT-Free Muni Bond ETF iShares Short-Term National Muni Bond ETF SUB 0.25% NYSE Arca
iShares California AMT-Free Muni Bond ETF iShares California Muni Bond ETF CMF 0.25% NYSE Arca
iShares New York AMT-Free Muni Bond ETF iShares New York Muni Bond ETF NYF 0.25% NYSE Arca
iShares® iBonds® Mar 2016 Corporate ETF NO CHANGE IBDA 0.10% NYSE Arca
iShares® iBonds® Mar 2016 Corporate ex-Financials ETF NO CHANGE IBCB 0.10% NYSE Arca

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February 12, 2016 – iShares Product Update

Four iShares Treasury ETFs Changing Indices

Effective on or after 3/31/16, iShares will be changing the underlying indices for four iShares Treasury ETFs – SHY, IEI, IEF and TLT – from Barclays to the ICE U.S. Treasury Index Series, which is administered and operated by Interactive Data (IDC).

Why the move?

  • The decision was based on iShares review of the fixed income provider landscape and the need to ensure that we are working with multiple competitive fixed income providers. Diversification encourages continuous innovation and ultimately helps to improve our clients’ experience.
FundTickerCurrent IndexNew Index
iShares 1-3 Year Treasury Bond ETF SHY Barclays U.S. 1-3 Year Treasury Bond Index ICE U.S. Treasury 1-3 Year Index
iShares 3-7 Year Treasury Bond ETF IEI Barclays U.S. 3-7 Year Treasury Bond Index ICE U.S. Treasury 3-7 Year Index
iShares 7-10 Year Treasury Bond ETF IEF Barclays U.S. 7-10 Year Treasury Bond Index ICE U.S. Treasury 7-10 Year Index
iShares 20+ Year Treasury Bond ETF TLT Barclays U.S. 20+ Year Treasury Bond Index ICE U.S. Treasury 20+ Year Index


February 2 , 2016 – iShares Product Update

Exchange Changes for 11 iShares ETFs

Effective today, February 2nd, iShares is announcing a primary listing venue change for 11 iShares ETFs. Please reference the chart below for complete details on these changes.

Why the move?

  • Diversification is an important element of iShares listing strategy.
  • It is important to note that exchange procedures influence trading of iShares ETFs and ultimately our clients’ experience, so we take a number of factors into consideration when we decide where to list iShares ETFS.
  • Our listing strategy includes a combination of exchange market structure (processes for trading, stability of the exchange platform and redundancy procedures), listing fees and filings with regulators to list new ETFs at NYSE Arca, NASDAQ and BATS.
FundTickerCurrent ExchangeNew ExchangeIndex
iShares MSCI Eurozone ETF EZU NYSE BATS MSCI EMU Index
iShares 20+ Year Treasury Bond ETF TLT NYSE Arca NASDAQ Barclays U.S. 20+ Year Treasury Bond Index
iShares MSCI China ETF MCHI NYSE Arca NASDAQ MSCI China Index
iShares MSCI EAFE Small-Cap ETF SCZ NYSE Arca NASDAQ MSCI EAFE Small Cap Index
iShares Core MSCI Total International Stock ETF IXUS NYSE Arca NASDAQ MSCI ACWI ex USA IMI
iShares Global Infrastructure ETF IGF NYSE Arca NASDAQ S&P Global Infrastructure
iShares Asia 50 ETF AIA NYSE Arca NASDAQ S&P Asia 50 Index
iShares MSCI Brazil Small-Cap ETF EWZS NYSE Arca NASDAQ MSCI Brazil Small Cap Index
iShares MSCI New Zealand Capped ETF ENZL NYSE Arca NASDAQ MSCI New Zealand IMI 25/50
iShares 0-5 Year Investment Grade Corporate Bond ETF SLQD NYSE Arca NASDAQ Markit iBoxx USF Liquid Investment Grade 0-5 Index
iShares Morningstar Mid-Cap Value ETF JKI NYSE Arca NASDAQ Morningstar Mid Value Index


January 28, 2016 – iShares Product Update

iShares MSCI Israel Capped ETF Benchmark Methodology Change

Effective today, MSCI will be changing the methodology of the MSCI Israel Capped Index from a MSCI Capped Indexes methodology to the MSCI 25/50 Indexes methodology.

Current MSCI Capped Index Methodology

  • No security should have a weight greater than 24%
  • No max on summed weights of all issuers

New MSCI 25/50 Index Methodology

  • No security should have a weight greater than 25%
  • The sum of weights of all issuers with weights above 5% should not exceed 50%
Fund NameTickerNet Expense RatioIndex Name
iShares MSCI Israel Capped ETF EIS 0.62% MSCI Israel Capped Investable Market Index

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December 31, 2015 – iShares Product Update

As of 12/31/2015, the expense ratios for several iShares ETFs have changed. Please note the changes to these funds in the chart below.

Fund Ticker Old Net Expense Ratio New Net Expense Ratio Difference Reason
iShares Currency Hedged MSCI Emerging Markets ETF HEEM 0.68% 0.69% 0.01% Increase in AFFE
iShares Currency Hedged MSCI Eurozone ETF HEZU 0.50% 0.51% 0.01% Increase in AFFE
iShares MSCI BRIC ETF BKF 0.68% 0.69% 0.01% Breakpoints
iShares MSCI Emerging Markets ETF EEM 0.68% 0.69% 0.01% Breakpoints
iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.67% 0.69% 0.02% Breakpoints
iShares MSCI Qatar Capped ETF QAT 0.62% 0.63% 0.01% Breakpoints
iShares MSCI UAE Capped ETF UAE 0.62% 0.63% 0.01% Breakpoints

*AFFE: Acquired Fund Fees and Expenses

The management fee for each of these funds is subject to breakpoints that are tied to aggregate assets under management across certain groups of iShares ETFs. Breakpoints take effect immediately after asset levels change. On any given day the management fee, and thus the Expense Ratio, may vary from what is shown here and from what is shown in the Fund’s prospectus. For additional information on fees and expenses, please see the Fund’s prospectus.

December 18, 2015 – iShares Product Update

Effective today 12/18/2015, the iShares Core S&P Total U.S. Stock Market ETF will undergo a change to its benchmark.

Please refer to the chart below for further details.

TickerFund NameWill the Benchmark be Changing?Is the Fund Name, Ticker Name or Investment Objective Changing?Effective Date
ITOT iShares Core S&P Total U.S. Stock Market ETF Yes, the new benchmark will be the S&P Total Market Index (TMI) No, the fund name will remain the same

No, the ticker will remain the same

No, ITOT will still seek to track the investment results of a broad-based index composed of U.S. equities.
12/18/2015


December 1, 2015 – iShares Product Update

As of 12/1/2015, the expense ratios for several iShares ETFs have changed. Please note the changes to these funds in the chart below. Additionally, effective today 12/1/2015, the iShares U.S. Broker-Dealers ETF (ticker: IAI) will be changing its fund name to the iShares U.S. Broker-Dealers & Securities Exchanges ETF. Please note that there will be no change to the underlying exposure.

Fund Name Ticker Old Net Expense Ratio New Net Expense Ratio Difference Reason
iShares Core MSCI EAFE ETF IEFA 0.14% 0.12% -0.02% Permanent fee reduction
iShares Core MSCI Europe ETF IEUR 0.14% 0.12% -0.02% Permanent fee reduction
iShares Core MSCI Pacific ETF IPAC 0.14% 0.12% -0.02% Permanent fee reduction
iShares Core MSCI Total International Stock ETF IXUS 0.16% 0.14% -0.02% Permanent fee reduction
iShares MSCI All Country Asia ex Japan ETF AAXJ 0.68% 0.69% 0.01% Breakpoints
iShares China Large-Cap ETF FXI 0.74% 0.73% -0.01% Breakpoints
iShares Enhanced U.S. Small-Cap ETF IESM 0.36% 0.35% -0.01% Breakpoints
iShares North American Natural Resources ETF IGE 0.48% 0.47% -0.01% Breakpoints
iShares North American Tech ETF IGM 0.48% 0.47% -0.01% Breakpoints
iShares North American Tech-Multimedia Networking ETF IGN 0.48% 0.47% -0.01% Breakpoints
iShares North American Tech-Software ETF IGV 0.48% 0.47% -0.01% Breakpoints
iShares MSCI Qatar Capped ETF QAT 0.61% 0.62% 0.01% Breakpoints
iShares Core Aggressive Allocation ETF AOA 0.30% 0.25% -0.05% AFFE reduction
iShares Core Conservative Allocation ETF AOK 0.28% 0.23% -0.05% AFFE reduction
iShares Core Moderate Allocation ETF AOM 0.29% 0.23% -0.06% AFFE reduction
iShares Core Growth Allocation ETF AOR 0.30% 0.27% -0.03% AFFE reduction
iShares Currency Hedged MSCI EAFE ETF HEFA 0.35% 0.36% 0.01% Increase in AFFE

*AFFE: Acquired Fund Fees and Expenses

The management fee for each of these funds is subject to breakpoints that are tied to aggregate assets under management across certain groups of iShares ETFs. Breakpoints take effect immediately after asset levels change. On any given day the management fee, and thus the Expense Ratio, may vary from what is shown here and from what is shown in the Fund’s prospectus. For additional information on fees and expenses, please see the Fund’s prospectus.

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November 10, 2015 – iShares Product Update


iShares Core ETFs Enhancement

We are pleased to announce that we are making the following enhancements to the iShares Core ETF suite as part of the continued evolution to provide investors with broad, competitively-priced ETF exposures:

  • Lower expense ratios on seven iShares Core ETFs, as low as 0.03%
  • Launch of the iShares Core International Aggregate Bond ETF (IAGG), offering investors greater diversification through international bonds
  • A new, broader benchmark for the iShares Core S&P Total U.S. Stock Market ETF (ITOT), providing broader coverage of the total U.S. stock market


Lower expense ratios on seven iShares Core ETFs, effective 11/10/2015

CategoryFundTickerPrevious expense ratio (%)New expense ratio (%)
U.S. Equity iShares Core S&P Total U.S. Stock Market ITOT 0.07 0.03
iShares Core U.S. Growth IUSG 0.09 0.07
iShares Core U.S. Value IUSV 0.09 0.07
International Equity iShares Core MSCI Emerging Markets IEMG 0.18 0.16
iShares Core MSCI Europe IEUR 0.14 0.12
iShares Core MSCI Pacific IPAC 0.14 0.12
Fixed Income iShares Core Total USD Bond Market IUSB 0.15 0.12


Launch of the iShares Core International Aggregate Bond ETF (IAGG)

IAGG is designed to help investors diversify fixed income holdings with low cost access to international investment grade bonds while seeking to protect against currency fluctuations.

Fund NameTickerExpense ratio (%)ExchangeList DateIndex Name
iShares Core International Aggregate Bond ETF IAGG 0.15 BATS 11/12/15 Barclays Global Aggregate ex USD 10% Issuer Capped (Hedged) Index

Note: IAGG will replace the iShares Core GNMA Bond ETF (GNMA) in the Core line-up. GNMA’s fund name will change to the iShares GNMA Bond ETF.


A new, broader benchmark for the iShares Core S&P Total U.S. Stock Market (ITOT)

Effective on or around 12/18/15, the iShares Core S&P Total U.S. Stock Market ETF (ITOT) will have a new, broader index that includes over 2,000 additional small-cap and micro-cap stocks relative to the current index:

CurrentNew
Index S&P Composite 1500 Index S&P Total Market Index (TMI)


November 9, 2015 – iShares Product Update

Effective today 11/9/2015, the iShares India 50 ETF will undergo an index rebranding.

Please refer to the chart below for further details.

TickerFund NameWill the Benchmark be Rebranded?Is the Fund Name, Ticker Name or Investment Objective Changing?Effective Date
INDY iShares India 50 ETF Yes, the benchmark index will be changing from CNX Nifty Index to Nifty 50 Index No, the fund name will remain the same

No, the ticker will remain the same

No, the investment objective will remain the same
11/9/2015

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October 30, 2015 – iShares Product Enhancement

Effective today 10/30/2015, both the iShares Currency Hedged Global ex USD High Yield Bond ETF and the iShares Global ex USD High Yield Corporate Bond ETF will undergo a fund name change. Please refer to the chart below for further details.

Fund NamePrevious Fund NameWill the Benchmark be Changing?Is the Fund Name, Ticker Name or Investment Objective Changing?Effective Date
HHYX iShares Currency Hedged Global ex USD High Yield Bond ETF No, the Markit iBoxx Global Developed Markets ex-US High Yield (USD Hedged) Index will remain the benchmark for HHYX. Yes, the fund name will change. The new fund name is the iShares Currency Hedged International High Yield Bond ETF

No, the ticker will remain the same

No, the investment objective will remain the same
10/30/2015
HYXU iShares Global ex USD High Yield Corporate Bond ETF No, the Markit iBoxx Global Developed Markets ex-US High Yield Index will remain the benchmark for HYXU Yes, the fund name will change. The new fund name is the iShares International High Yield Bond ETF

No, the ticker will remain the same

No, the investment objective will remain the same
10/30/2015

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September 30, 2015 – Product Enhancement

Effective today 9/30/2015, the iShares Liquidity Income ETF will undergo a fund name change. Please refer to the chart below for further details.

TickerPrevious Fund NameWill the Benchmark be Changing?Is the Fund Name, Ticker Name or Investment Objective Changing?Effective Date
ICSH

iShares Liquidity Income ETF

No, the Bank of America Merrill Lynch 6-Month U.S. Treasury Bill Index will remain the benchmark for ICSH.

Yes, the fund name will change. The new fund name is the iShares Ultra Short-Term Bond ETF

No, the ticker will remain the same

No, ICSH will still seek to provide current income while preserving capital by investing in short-term bonds and money market instruments

9/30/2015

September 15, 2015 – Product Enhancement

Effective today, September 15th, 2015, the iShares Interest Rate Hedged Corporate Bond ETF (ticker: LQDH) and the iShares Interest Rate Hedged High Yield Bond ETF (ticker: HYGH) will liquidate its futures holdings and replace it with interest rate swaps. LQDH and HYGH initially used U.S. Treasury futures based on regulatory guidance from the SEC. BlackRock/iShares recently received approval to use interest rate swaps in our interest rate hedged ETFs.

Using interest rate swaps over futures has the following potential benefits for the funds:

  • Tax Efficiency – Futures are rolled quarterly, forcing realization of gains in rising rate periods. Swaps gives us more control over the timing of capital gains, as they do not incur gains or losses until they are terminated.
  • Securities Lending Opportunities – Using swaps allows us to lend the underlying ETF shares as they are cash settled and do not require the same level of asset segregation as futures. The use of futures prevented the funds from lending out the underlying ETF shares. Income generated through securities lending could provide supplemental income1.

Please refer to the Swaps vs. Futures: Hedging Interest Rate Risk FAQ pdf for more information on the differences between swaps and futures.

Fund NameTickerExpense Ratio* Exchange
iShares Interest Rate Hedged Corporate Bond ETF LQDH 0.25% NYSE Arca
iShares Interest Rate Hedged High Yield Bond ETF HYGH 0.55% NYSE Arca

* BlackRock Fund Advisors (“BFA”), the investment adviser to the Funds and an affiliate of BlackRock Investments, LLC, has contractually agreed to waive a portion of its management fees through February 29, 2016. The gross expense ratios are: LQDH: 0.45% ; HYGH: 1.15%

1 Distributions paid out of the Fund’s net investment income, including income from securities lending, if any, are taxable to investors as ordinary income.

September 4, 2015 – Product Enhancement

Effective 9/4/2015, the iShares Japan Large-Cap ETF will undergo changes. Please refer to the chart below for further details.

TickerFund NameHow is the Index Changing?Is the Fund Name or Investment Objective Changing?Implications?Effective Date
ITF iShares Japan Large Cap ETF ITF will track the JPX-Nikkei Index 400 and no longer track the S&P/TOPIX 150 Index Yes, the ticker and fund name will change. New ticker is JPXN and new fund name is iShares JPX-Nikkei 400 ETF

No, ITF will continue to provide passive exposure to primarily large cap, Japanese equities
More comprehensive exposure, moving from ~70% to ~90% of the free-float Japanese equity market 9/4/2015


September 1, 2015 – iShares Product Enhancements

As of 9/1/2015, index changes were made to the iShares MSCI USA ETF, the iShares MSCI USA Value Factor ETF and the iShares MSCI USA Quality Factor ETF. Additionally, today marks the last day of trading for the iShares iBonds Sep 2015 AMT-Free Muni Bond ETF (ticker: IBMD). Below please find the chart with further details on the index changes that have occurred, as well as, the public press release for the fund closure.

Read the public press release

TickerFund NameHow is the Index Changing?Is the Fund Name or Investment Objective Changing?Implications?Effective Date
EUSA iShares MSCI USA ETF EUSA will track the MSCI USA Equal Weighted Index and no longer track the MSCI USA Index Yes, the Fund's underlying basket will equally weight the same ~640 large and mid cap stocks comprising the MSCI USA Index More size and value biases relative to a cap weighted approach driven by equal weight methodology 9/1/2015
VLUE iShares MSCI USA Value Factor ETF VLUE will track the MSCI USA Enhanced Value Index and no longer track the MSCI USA Value Index No, VLUE will continue to provide passive exposure to the value factor as defined by MSCI More concentrated exposure to ~125 vs ~640 large and mid cap, US equities that possess value characteristics and relatively lower valuations 9/1/2015
QUAL iShares MSCI USA Quality Factor ETF QUAL will track the MSCI USA Sector Neutral Quality Index and no longer track the MSCI USA Quality Index No, QUAL will continue to provide passive exposure to the quality factor as defined by MSCI Minimal sector tilts relative to cap-weighted index while maintaining exposure to ~125 large and mid cap, US equities with low debt/equity, low earnings variability and high ROE 9/1/2015

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August 31, 2015 – iShares ETF Expense Ratio Update

As of 8/31/2015, the expense ratios for several iShares ETFs have been reduced due to breakpoints. Please note the changes to these funds in the chart below.

Fund NameTickerOld Net Expense RatioNew Net Expense RatioDifference
iShares Transportation Average ETF IYT 0.45% 0.43% -0.02%
iShares U.S. Aerospace & Defense ETF ITA 0.44% 0.43% -0.01%
iShares U.S. Basic Materials ETF IYM 0.45% 0.43% -0.02%
iShares U.S. Broker-Dealers ETF IAI 0.45% 0.43% -0.02%
iShares U.S. Consumer Goods ETF IYK 0.45% 0.43% -0.02%
iShares U.S. Consumer Services ETF IYC 0.45% 0.43% -0.02%
iShares U.S. Energy ETF IYE 0.45% 0.43% -0.02%
iShares U.S. Financial Services ETF IYG 0.45% 0.43% -0.02%
iShares U.S. Financials ETF IYF 0.45% 0.43% -0.02%
iShares U.S. Healthcare ETF IYH 0.45% 0.43% -0.02%
iShares U.S. Healthcare Providers ETF IHF 0.45% 0.43% -0.02%
iShares U.S. Home Construction ETF ITB 0.45% 0.43% -0.02%
iShares U.S. Industrials ETF IYJ 0.45% 0.43% -0.02%
iShares U.S. Insurance ETF IAK 0.45% 0.43% -0.02%
iShares U.S. Medical Devices ETF IHI 0.45% 0.43% -0.02%
iShares U.S. Oil & Gas Exploration & Production ETF IEO 0.45% 0.43% -0.02%
iShares U.S. Oil Equipment & Services ETF IEZ 0.45% 0.43% -0.02%
iShares U.S. Pharmaceuticals ETF IHE 0.45% 0.43% -0.02%
iShares U.S. Real Estate ETF IYR 0.45% 0.43% -0.02%
iShares U.S. Regional Banks ETF IAT 0.45% 0.43% -0.02%
iShares U.S. Technology ETF IYW 0.45% 0.43% -0.02%
iShares U.S. Telecommunications ETF IYZ 0.45% 0.43% -0.02%
iShares U.S. Utilities ETF IDU 0.45% 0.43% -0.02%

The management fee for each of these funds is subject to breakpoints that are tied to aggregate assets under management across certain groups of iShares ETFs. Breakpoints take effect immediately after asset levels change. On any given day the management fee, and thus the Expense Ratio, may vary from what is shown here and from what is shown in the Fund’s prospectus. For additional information on fees and expenses, please see the Fund’s prospectus.

August 1, 2015 – iShares Product Enhancement

As of 8/1/2015, the expense ratios for several iShares ETFs have been reduced due to breakpoints. Please note the changes to these funds in the chart below.

Fund NameTickerOld Net Expense RatioNew Net Expense RatioDifference
iShares Core S&P Mid-Cap ETF IJH 0.14% 0.12% -0.02%
iShares Core S&P Small-Cap ETF IJR 0.14% 0.12% -0.02%
iShares Global Clean Energy ETF ICLN 0.48% 0.47% -0.01%
iShares Global Consumer Discretionary ETF RXI 0.48% 0.47% -0.01%
iShares Global Consumer Staples ETF KXI 0.48% 0.47% -0.01%
iShares Global Energy ETF IXC 0.48% 0.47% -0.01%
iShares Global Financials ETF IXG 0.48% 0.47% -0.01%
iShares Global Healthcare ETF IXJ 0.48% 0.47% -0.01%
iShares Global Industrials ETF EXI 0.48% 0.47% -0.01%
iShares Global Infrastructure ETF IGF 0.48% 0.47% -0.01%
iShares Global Materials ETF MXI 0.48% 0.47% -0.01%
iShares Global Tech ETF IXN 0.48% 0.47% -0.01%
iShares Global Telecom ETF IXP 0.48% 0.47% -0.01%
iShares Global Timber & Forestry ETF WOOD 0.48% 0.47% -0.01%
iShares Global Utilities ETF JXI 0.48% 0.47% -0.01%
iShares India 50 ETF INDY 0.94% 0.93% -0.01%

The management fee for each of these funds is subject to breakpoints that are tied to aggregate assets under management across certain groups of iShares ETFs. Breakpoints take effect immediately after asset levels change. On any given day the management fee, and thus the Expense Ratio, may vary from what is shown here and from what is shown in the Fund’s prospectus. For additional information on fees and expenses, please see the Fund’s prospectus.

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June 25, 2015 – Announcing Changes to the U.S. iShares Fund Lineup

After market close on June 25th, BlackRock announced its plans to close and liquidate 18 U.S. listed iShares ETFs listed in the table below, based upon an ongoing process to review its product lineup and ensure it meets the evolving needs of its clients. These funds had a combined total AUM of approximately $225M as of 6/18/2015.

After the close of business on August 21, 2015, the funds will no longer accept creation orders. Trading in the funds will be suspended prior to market open on August 24, 2015. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about August 28, 2015.

Read the public press release

TickerNameAUM ($M)*Inception Date
FCHI iShares FTSE China 37.3 6/24/2008
AXJS iShares MSCI AC Asia ex Japan Sm Cap 6.4 2/2/2012
EWAS iShares MSCI Australia Small Cap 2.7 1/25/2012
EWCS iShares MSCI Canada Small Cap 3 1/25/2012
EWHS iShares MSCI Hong Kong Small Cap 9.4 1/10/2012
EWSS iShares MSCI Singapore Small Cap 13 1/10/2012
EEME iShares MSCI Emerging Markets EMEA 8.8 1/18/2012
EGRW iShares MSCI Emerging Markets Growth 8.5 2/8/2012
EVAL iShares MSCI Emerging Markets Value 24.4 2/8/2012
ESR* iShares MSCI EM Eastern Europe 30.9 9/30/2009
AAIT iShares MSCI AC Asia Info Technology 7.3 2/8/2012
EMDI iShares MSCI EM Cons. Discretionary 5.5 2/8/2012
EMEY iShares MSCI EM Energy Capped 3 2/8/2012
IFAS iShares Asia Developed Real Estate 19.3 11/12/2007
IFNA iShares North America Real Estate 22.3 11/12/2007
MONY iShares Financials Bond 5.3 2/14/2012
FCHI iShares FTSE China 37.3 6/24/2008
AXJS iShares MSCI AC Asia ex Japan Sm Cap 6.4 2/2/2012

* AUM as of 3/31/15.

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May 22, 2015 – Expense Ratio Update

As of 5/22/15, the expense ratios for the iShares Currency Hedged MSCI EAFE ETF (HEFA) and the iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) have been reduced. Please note the changes to these funds in the chart below.

Fund Name Ticker Old Net Expense Ratio New Net Expense Ratio Difference
iShares Currency Hedged MSCI EAFE ETF HEFA 0.39% 0.35% -0.04%
iShares Currency Hedged MSCI Emerging Markets ETF HEEM 0.71% 0.68% -0.03%


May 21, 2015 - BlackRock Announces iShares Splits for iShares iBonds ETFs

The Board of Trustees of iShares Trust has approved a 4-for-1 split for 10 iShares iBonds Corporate ETFs and a 2-for-1 split for two iShares iBonds Muni ETFs for shareholders. The 4-for-1 and 2-for-1 splits will lower the share price and increases the number of outstanding shares. The total value of shares outstanding is not affected by a split. Below is an outline of the funds affected, and please note that all tickers, expense ratios and cusips will all remain the same.

Read the BlackRock press release

Fund Name Ticker Inception Date NAV/Share (as of 4/15/15) Proposed Forward Split Ratio
iShares® iBonds® Dec 2016 Corporate ETF IBDF 5/28/2014 100.1 4 for 1
iShares® iBonds® Dec 2017 Corporate ETF IBDJ 3/10/2015 99.5 4 for 1
iShares® iBonds® Dec 2018 Corporate ETF IBDH 5/28/2014 100.79 4 for 1
iShares® iBonds® Dec 2019 Corporate ETF IBDK 3/10/2015 100.18 4 for 1
iShares® iBonds® Dec 2020 Corporate ETF IBDL 12/2/2014 102.15 4 for 1
iShares® iBonds® Dec 2021 Corporate ETF IBDM 3/10/2015 100.58 4 for 1
iShares® iBonds® Dec 2022 Corporate ETF IBDN 3/10/2015 100.61 4 for 1
iShares® iBonds® Dec 2023 Corporate ETF IBDO 3/11/2015 100.61 4 for 1
iShares® iBonds® Dec 2024 Corporate ETF IBDP 3/11/2015 100.67 4 for 1
iShares® iBonds® Dec 2025 Corporate ETF IBDQ 3/11/2015 100.78 4 for 1
iShares® iBonds® Sep 2016 AMT-Free Muni Bond ETF IBME 1/7/2010 53.29 2 for 1
iShares® iBonds® Sep 2017 AMT-Free Muni Bond ETF IBMF 1/7/2010 54.95 2 for 1

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Apr 30, 2015 – Introducing the iShares FactorSelect MSCI ETFs

We are pleased to announce the launch of the iShares FactorSelect MSCI ETFs. The multi-factor suite provides efficient access to a portfolio of stocks based on an index strategy that combines four well-known investment factors: value, quality, momentum and size. The strategy aims to maximize exposure to these four factors, which have historically outperformed the broad market, while maintaining a similar level of market risk.

Highlights

  • Efficient access to a portfolio of stocks based on an index strategy that focuses on four well-known investment factors; value, quality, momentum, and low size.
  • Exposure to factors that have historically outperformed the broad market, while maintaining a similar level of market risk.
  • Brought to you by BlackRock, with over 40 years of experience managing factor and index strategies including iShares ETFs.
  • Click here for details including fund names and tickers.

Apr 15, 2015 - iShares Core Bond ETFs Fund Name Changes

Effective today, both the iShares Core Short-Term USD Bond ETF (ISTB) and the iShares Core Long-Term USD Bond ETF (ILTB) fund names will change. Please note that only the fund names are changing and therefore, the exposures, expense ratios, tickers symbols, cusips, and all other important details will remain the same. Refer to the chart below for complete details regarding the changes to both funds.

New Fund NameOld Fund NameTickerExpense RatioExchangeIndex NameIndex Ticker Name
iShares Core 1-5 Year USD Bond ETF iShares Core Short-Term USD Bond ETF ISTB 0.12% NYSE ARCA Barclays U.S. Universal 1-5 Year Index BUH1TRUU

New Fund NameOld Fund NameTickerExpense RatioExchangeIndex NameIndex Ticker Name
iShares Core 10+ Year USD Bond ETF iShares Core Long-Term USD Bond ETF ILTB 0.12% NYSE ARCA Barclays U.S. Universal 10+ Year Index BUXMTRUU

Mar 2, 2015 - Reduced Expense Ratios on iShares Emerging Markets Bond ETFs

As part of our commitment to continually deliver value to our clients, iShares is lowering the expense ratios by 10-20 basis points of our Emerging Market Bond ETF suite.

iShares JP Morgan USD Emerging Markets Bond ETF (EMB)

OLD Expense Ratio: 0.60%
NEW Expense Ratio: 0.40%*

  • Exposure to U.S. dollar-denominated government bonds issued by emerging market countries
  • Access the sovereign debt of 30+ emerging market countries in a single fund
  • Use to seek higher yield and customize your emerging markets allocation

* Including fee waiver

iShares Emerging Markets Local Currency Bond ETF (LEMB)

OLD Expense Ratio: 0.60%
NEW Expense Ratio: 0.50%

  • Provides the ability to diversify away from U.S. dollar-denominated bonds or emerging market stocks
  • Exposure to the growing universe of local currency-denominated government bonds issued by emerging market countries
  • Use to seek higher yield and customize your emerging markets allocation


iShares Emerging Markets High Yield Bond ETF (EMHY)

OLD Expense Ratio: 0.65%
NEW Expense Ratio: 0.50%

  • Exposure to U.S. dollar-denominated high yield bonds issued by governments and corporations in emerging market countries
  • Access to 200+ emerging market high yield bonds in a single fund
  • Use to customize your emerging markets allocation, seek higher yield, and pursue income


iShares Emerging Markets Corporate Bond ETF (CEMB)

OLD Expense Ratio: 0.60%
NEW Expense Ratio: 0.50%

  • Exposure to U.S. dollar-denominated bonds issued by corporations in emerging market countries
  • Access to a specific segment of the international corporate bond market
  • Use to seek higher yield and customize your emerging markets allocation

Feb 2, 2015 - Introducing the iShares Core Allocation ETFs

Investors can now get a diversified portfolio of iShares Core funds in a single ticker, as our target risk funds have been rebranded and redesigned as the iShares Core Allocation ETFs. Each iShares Core Allocation ETF holds iShares Core funds as underlying investments at different weights based on specific risk considerations.

What’s Changing with the iShares Allocation ETFs?

  • They track the same S&P indexes, but the index methodology is changing. Now the Allocation funds will hold iShares Core funds as the underlying investments. Read the S&P press release, which explains the methodology change in greater detail.
  • We’re adding the word “Core” to each fund name
  • We’re lowering expense ratios
  • Note that tickers are not changing
Old Fund NameNew Fund NameTickerOld Expense RatioNew Expense RatioEquity Allocation %Fixed Income Allocation %
iShares Conservative Allocation ETF iShares Core Conservative Allocation ETF AOK 0.28% 0.25% 30% 70%
iShares Moderate Allocation ETF iShares Core Moderate Allocation ETF AOM 0.29% 0.24% 40% 60%
iShares Growth Allocation ETF iShares Core Growth Allocation ETF AOR 0.30% 0.24% 60% 40%
iShares Aggressive Allocation ETF iShares Core Aggressive Allocation ETF AOA 0.30% 0.23% 80% 20%

Jan 28, 2015 - iShares MSCI Russia Capped ETF

The iShares MSCI Russia Capped ETF (ERUS) moved from its existing registrant, iShares MSCI Russia Capped ETF, Inc., to iShares, Inc. on January 26, 2015. As a result, the CUSIP and ISIN have changed as shown below. Please note that there will be no change to the fund name, index, ticker or investment strategy.

ItemCURRENT IDENTIFIERNEW IDENTIFIER
Registrant iShares MSCI Russia Capped ETF, Inc. iShares, Inc.
CUSIP 46429B705 46434G806
ISIN US46429B7055 US46434G8069

Due Diligence Team

Dominic Maister

Dominic Maister
Managing Director

212-810-8557
Email

Craig Dehner

Craig Dehner
Vice President

415-670-6810
Email

Kathryn Bernhardt

Kathryn Bernhardt
Vice President

212-810-8218
Email

Grant Einhorn

Grant Einhorn
Vice President

415-670-4634
Email

Lindsay Axerio-Cilies

Lindsay Axerio-Cilies, CFA
Vice President

415-670-4574
Email

Lauren Miller

Lauren Miller
Analyst

646-231-0304
Email

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The Blog

Searching for Yield Down Under

The persistence of low yields has had investors searching for income high and low for a while now. Recently, investors are expanding their hunt to some less than obvious places.

Guide to Using Bloomberg

Learn how to view iShares ETF information on Bloomberg. Find ETF research functions; instructions on how to research specific iShares ETFs (both equity and fixed income); and general market information.

iShares ETFs Bloomberg Guide

Bond Buyers Guide to ETFs

Must read! Our new favorite resource is a comprehensive guide for investors using bond ETFs. From basic to advanced content, we expect this to be a terrific resource for all ETF due diligence professionals.

Download the Bond Buyers Guide to ETFs

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 Fund prospectus pages. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

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 Barclays, Bloomberg Finance L.P., Cohen & Steers Capital Management, Inc., European Public Real Estate Association (“EPRA® ”), FTSE International Limited (“FTSE”), India Index Services & Products Limited, Interactive Data, JPMorgan Chase & Co., Japan Exchange Group, 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 or S&P Dow Jones Indices LLC. None of these companies make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with the companies listed above.


Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Equity REITS Index, FTSE NAREIT All Residential 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 or FTSE EPRA/NAREIT Global REIT 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.

©2016 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

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