Investment
Objective
The
iShares
S&P
Small-Cap
600
Growth
ETF
(the
“Fund”)
seeks
to
track
the
investment
results
of
an
index
composed
of
small-capitalization
U.S.
equities
that
exhibit
growth
characteristics,
as
represented
by
the
S&P
SmallCap
600
Growth
Index
TM
(the
“Index”).
The
Fund
invests
in
a
representative
sample
of
securities
included
in
the
Index
that
collectively
has
an
investment
profile
similar
to
the
Index.
Due
to
the
use
of
representative
sampling,
the
Fund
may
or
may
not
hold
all
of
the
securities
that
are
included
in
the
Index.
Performance
Past
performance
is
not
an indication
of
future
results.
Performance
results
do
not
reflect
the
deduction
of
taxes
that
a
shareholder
would
pay
on
fund
distributions
or
on
the
redemption
or
sale
of
fund
shares.
See
“About
Fund
Performance” for
more
information.
Expense
Example
Portfolio
Information
Average
Annual
Total
Returns
Cumulative
Total
Returns
6-Month
Total
Returns
1
Year
5
Years
10
Years
1
Year
5
Years
10
Years
Fund
NAV
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
(18.54)%
(21.31)%
5.24%
10.32%
(21.31)%
29.08%
167.10%
Fund
Market
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
(18.28)
(21.12)
5.27
10.35
(21.12)
29.26
167.74
Index
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
(18.47)
(21.17)
5.49
10.53
(21.17)
30.64
172.03
Actual
Hypothetical
5%
Return
Beginning
Account
Value
(04/01/22)
Ending
Account
Value
(09/30/22)
Expenses
Paid
During
the
Period
(a)
Beginning
Account
Value
(04/01/22)
Ending
Account
Value
(09/30/22)
Expenses
Paid
During
the
Period
(a)
Annualized
Expense
Ratio
$
1,000.00
$
814.60
$
0.82
$
1,000.00
$
1,024.17
$
0.91
0.18%
(a)
Expenses
are
equal
to
the
annualized
expense
ratio,
multiplied
by
the
average
account
value
over
the
period,
multiplied
by
183/365
(to
reflect
the
one-half
year
period
shown).
Other
fees,
such
as
brokerage
commissions
and
other
fees
to
financial
intermediaries,
may
be
paid
which
are
not
reflected
in
the
tables
and
examples
above.
See
“Disclosure
of
Expenses”
for
more
information.
SECTOR
ALLOCATION
—
%
Sector
Percent
of
Total
Investments
(a)
—
Information
Technology
.............................
18.6
%
Health
Care
....................................
16.5
Financials
......................................
15.6
Industrials
......................................
15.0
Consumer
Discretionary
............................
12.8
Real
Estate
.....................................
6.5
Materials
......................................
4.3
Consumer
Staples
................................
4.1
Energy
........................................
3.1
Communication
Services
............................
2.1
Utilities
........................................
1.4
TEN
LARGEST
HOLDINGS
Security
Percent
of
TotaI
Investments
(a)
Livent
Corp.
.....................................
1.5
%
SM
Energy
Co.
...................................
1.2
AMN
Healthcare
Services,
Inc.
.........................
1.2
Cytokinetics,
Inc.
..................................
1.2
Rogers
Corp.
....................................
1.2
Exponent,
Inc.
....................................
1.2
SPS
Commerce,
Inc.
...............................
1.2
UFP
Industries,
Inc.
................................
1.2
ServisFirst
Bancshares,
Inc.
..........................
1.0
Balchem
Corp.
...................................
1.0
(a)
Excludes
money
market
funds.