Fund Description: iShares Core MSCI International Developed Markets ETF 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 MSCI International Developed Markets ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI World ex USA Investable Market Index. INDEX DESCRIPTION: The MSCI World ex USA Investable Market Index is free float adjusted, market cap weighted, and is designed to measure large-, mid- and small-capitalization equity market performance and includes stocks from North America, Europe, Australasia and the Far East and consisted of securities from the following 22 developed market countries or regions: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. Components of the Index primarily include consumer discretionary, financials and industrials companies (which may change over time). FUND STRATEGY: A passive or indexing approach 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. Representative sampling is an indexing strategy that is used which involves investing in a representative sample of securities or other instruments comprising 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, duration, maturity, credit ratings and yield) and liquidity measures similar to those of the Index. The Fund may or may not hold all of the securities and other components of the Index. The Fund generally will invest at least 90% of its assets in the component securities and other instruments 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. The Fund, under certain circumstances, may invest at least 80% of its assets in the component securities and other instruments of the Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of BlackRock Cash Funds. In order to replicate the hedging component of the Index, the Fund intends to enter into foreign currency forward contracts designed to offset the Fund’s exposure to the component currencies. FUND MANAGEMENT: The Fund's investment adviser is BlackRock Fund Advisors (BFA).