Fund Description: iShares Core High Dividend ETF, formerly iShares High Dividend ETF, formerly iShares High Dividend Equity Fund, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the iShares Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The iShares Core High Dividend ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Morningstar Dividend Yield Focus Index. INDEX DESCRIPTION: The Morningstar Dividend Yield Focus Index measures the performance of a select group of U.S. equity securities issued by companies that have provided relatively high dividend yields on a consistent basis. Index constituents are drawn from the pool of stocks issued by U.S. domiciled companies that trade publicly on the New York Stock Exchange, the NYSE Amex Equities, or The NASDAQ Stock Market. The Index is a subset of the Morningstar U.S. Market Index (a diversified broad market index that represents approximately 97% of the market capitalization of publicly-traded U.S. stocks). The Index is comprised of qualified income paying securities that are screened for superior company quality and financial health as determined by Morningstar, Inc.’s (the Index Provider) proprietary index methodology. Stocks in the Index represent the top 75 yielding stocks meeting the screening requirements. The Morningstar index methodology determines company quality in accordance with the Morningstar Economic Moat rating system, in which companies are expected to earn above-average profits and sustain their dividend. Stocks in the Index are designated as having a rating of either narrow or wide based on the strength of the company’s competitive advantage. Additionally, companies are screened for financial health using Morningstar’s Distance to Default measure, a quantitative option pricing approach that estimates a company’s probability of default. 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 it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform the 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 utilized which involves investing in a representative sample of securities that collectively has an investment profile similar to 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. Funds that employ a representative sampling strategy may incur tracking error risk to a greater extent than a fund that seeks to replicate an index. The Fund generally invests at least 90% of its assets in the securities of the Index or in depositary receipts representing securities of the Index. However, the Fund may at times invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including money market funds not included in the Index, but which will help the Fund track the Index. The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of the collateral received). FUND MANAGEMENT: BlackRock Fund Advisors serves as investment advisor to the Fund.