As of January 2, 2015, iShares Interest Rate Hedged High Yield Bond ETF

(HYGH), an active ETF and iShares Asia/Pacific Dividend ETF (DVYA) will

begin participating in the NYSE Arca ETP Program on its listing market,

NYSE Arca.

As described in NYSE Arca Equities Rule 8.800, the NYSE Arca ETP

Incentive Program is designed to incentivize Market Makers to undertake

Lead Market Maker (“LMM”) assignment in exchange-traded products

(“ETPs”) listed on NYSE Arca. As a participant in the NYSE Arca ETP

About BlackRock

BlackRock is a leader in investment management, risk management and

advisory services for institutional and retail clients worldwide. At

September 30, 2014, BlackRock’s AUM was $4.525 trillion. BlackRock helps

clients meet their goals and overcome challenges with a range of

products that include separate accounts, mutual funds, iShares ®

iShares is a global leader in exchange-traded funds (ETFs), with more

than a decade of expertise and commitment to individual and

institutional investors of all sizes. With over 700 funds globally

across multiple asset classes and strategies and more than $1 trillion

in assets under management as of September 30, 2014, iShares helps

clients around the world build the core of their portfolios, meet

1. Based on $4.525T in AUM as of 9/30/14.

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 www.iShares.com

Investing involves risk, including possible loss of principal.

Fixed income risks include interest-rate and credit risk. Typically,

when interest rates rise, there is a corresponding decline in bond

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 and in concentrations of single countries.

HYGH 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. The Funds use

of derivatives may reduce the Funds returns and/or increase volatility

and subject the Fund to counterparty risk, which is the risk that the

other party in the transaction will not fulfill its contractual

obligation. The Fund could suffer losses related to its derivative

positions because of a possible lack of liquidity in the secondary