Fund Description: iShares MSCI China A ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of iShares Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The iShares MSCI China A ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China A International Index. INDEX DESCRIPTION: The MSCI China A International Index is designed to measure equity market performance in the China A-shares market. China A-shares are equity securities of companies based in mainland China that trade on Chinese stock exchanges such as the Shanghai Stock Exchange and the Shenzhen Stock Exchange. Foreign investment in A-shares is permitted principally through regulations in China known as the Qualified Foreign Institutional Investor (QFII) and Renminbi Qualified Foreign Institutional Investor (RQFII) systems. The Index applies eligibility criteria for the MSCI Global Investable Market Indexes (GIMI), along with MSCI’s investability and minimum size criteria for emerging markets. The Index is weighted by each issuer’s free float-adjusted market capitalization available to foreign investors and may include large- or mid-capitalization companies. Components of the Index primarily include consumer discretionary, financials and industrials companies. The components of the Index, and the degree to which these components represent certain industries, are likely to change over time. FUND STRATEGY: A passive or indexing approach is used to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform its Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies. Representative sampling is an indexing strategy that is used which involves investing in a representative sample of securities that collectively has an investment profile similar to that of the Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Index. The Fund may or may not hold all of the securities in the Index. The Fund intends to invest directly in A-shares under the quota granted by SAFE to BFA's affiliate, BlackRock Advisors (UK) Limited (BAUL). BAUL has obtained an RQFII license and has been granted a RQFII quota, which BAUL will use to facilitate investment of the Fund’s assets in A-shares. The Fund generally will invest at least 90% of its assets in the component securities of the Index and in investments that have economic characteristics that are substantially identical to the component securities of the Index (i.e., depositary receipts representing securities of the Index) and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds as well as in securities not included in the Index, but which the adviser believes will help the Fund track the Index. FUND MANAGEMENT: BlackRock Fund Advisors (BFA) serves as the investment advisor to the Fund.