Morningstar Magazine - December/January 2015 - 15

Japan.
From doldrums
to tailwinds.

Put BlackRock insight to work with iShares funds.
Insight: Japan currently offers developed markets equities without
developed markets prices.1
Japan's economy is adding more jobs than there are job seekers.2
Recent corporate reforms have improved profitability more than stock
prices reflect.3
Japan is engaged in the largest stock buying program in its modern history.4
Action: Capture a current developed markets bargain with iShares
EWJ and HEWJ.
What else do we know? iShares.com/iThinking

Insight into action.
This is iThinking.

EWJ
HEWJ

iShares MSCI
Japan Fund
iShares Currency
Hedged MSCI
Japan Fund

BlackRock is trusted to manage more money than any other investment firm in the world.5
1. MSCI, as of 10/30/14; Japan equities currently offer attractive valuations relative to other developed markets equities, based on price-to-book and price-to-earnings ratios which are fundamental measures used to determine if a security is
valued appropriately. 2. Ministry of Health, Labor and Welfare, as of 10/14. 3. MSCI, Bloomberg, as of 10/14. 4. Ministry of Finance, Bank of Japan, Government Pension Investment Fund, as of 10/14. 5. Based on $4.525 trillion in AUM as of 9/30/14.

Visit www.iShares.com or www.BlackRock.com to view a prospectus, which includes investment objectives, risks, fees, expenses and other information that you should read and consider
carefully before investing. Risks include principal loss. International and single country investments involve additional risks. HEWJ's use of derivatives may reduce the Fund's returns and/or increase volatility and

subject the Fund to counterparty risk. Hedging strategies are not guaranteed to be effective. Please see the Funds' prospectuses for more information on risks. This information is strictly for illustrative and educational purposes
and is subject to change. Funds distributed by BlackRock Investments, LLC (BRIL). The iShares Funds are not sponsored, endorsed, issued, sold or promoted by MSCI Inc., nor does this company make any representation regarding
the advisability of investing in the Funds. BRIL is not affiliated with MSCI Inc. ©2014 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc., or its subsidiaries. iS-13856-1114



http://www.iShares.com/iThinking http://www.iShares.com http://www.iShares.com http://www.BlackRock.com

Morningstar Magazine - December/January 2015

Table of Contents for the Digital Edition of Morningstar Magazine - December/January 2015

Contents
Morningstar Magazine - December/January 2015 - Cover1
Morningstar Magazine - December/January 2015 - Cover2
Morningstar Magazine - December/January 2015 - 1
Morningstar Magazine - December/January 2015 - 2
Morningstar Magazine - December/January 2015 - Contents
Morningstar Magazine - December/January 2015 - 4
Morningstar Magazine - December/January 2015 - 5
Morningstar Magazine - December/January 2015 - 6
Morningstar Magazine - December/January 2015 - 7
Morningstar Magazine - December/January 2015 - 8
Morningstar Magazine - December/January 2015 - 9
Morningstar Magazine - December/January 2015 - 10
Morningstar Magazine - December/January 2015 - 11
Morningstar Magazine - December/January 2015 - 12
Morningstar Magazine - December/January 2015 - 13
Morningstar Magazine - December/January 2015 - 14
Morningstar Magazine - December/January 2015 - 15
Morningstar Magazine - December/January 2015 - 16
Morningstar Magazine - December/January 2015 - 17
Morningstar Magazine - December/January 2015 - 18
Morningstar Magazine - December/January 2015 - 19
Morningstar Magazine - December/January 2015 - 20
Morningstar Magazine - December/January 2015 - 21
Morningstar Magazine - December/January 2015 - 22
Morningstar Magazine - December/January 2015 - 23
Morningstar Magazine - December/January 2015 - 24
Morningstar Magazine - December/January 2015 - 25
Morningstar Magazine - December/January 2015 - 26
Morningstar Magazine - December/January 2015 - 27
Morningstar Magazine - December/January 2015 - 28
Morningstar Magazine - December/January 2015 - 29
Morningstar Magazine - December/January 2015 - 30
Morningstar Magazine - December/January 2015 - 31
Morningstar Magazine - December/January 2015 - 32
Morningstar Magazine - December/January 2015 - 33
Morningstar Magazine - December/January 2015 - 34
Morningstar Magazine - December/January 2015 - 35
Morningstar Magazine - December/January 2015 - 36
Morningstar Magazine - December/January 2015 - 37
Morningstar Magazine - December/January 2015 - 38
Morningstar Magazine - December/January 2015 - 39
Morningstar Magazine - December/January 2015 - 40
Morningstar Magazine - December/January 2015 - 41
Morningstar Magazine - December/January 2015 - 42
Morningstar Magazine - December/January 2015 - 43
Morningstar Magazine - December/January 2015 - 44
Morningstar Magazine - December/January 2015 - 45
Morningstar Magazine - December/January 2015 - 46
Morningstar Magazine - December/January 2015 - 47
Morningstar Magazine - December/January 2015 - 48
Morningstar Magazine - December/January 2015 - 49
Morningstar Magazine - December/January 2015 - 50
Morningstar Magazine - December/January 2015 - 51
Morningstar Magazine - December/January 2015 - 52
Morningstar Magazine - December/January 2015 - 53
Morningstar Magazine - December/January 2015 - 54
Morningstar Magazine - December/January 2015 - 55
Morningstar Magazine - December/January 2015 - 56
Morningstar Magazine - December/January 2015 - 57
Morningstar Magazine - December/January 2015 - 58
Morningstar Magazine - December/January 2015 - 59
Morningstar Magazine - December/January 2015 - 60
Morningstar Magazine - December/January 2015 - 61
Morningstar Magazine - December/January 2015 - 62
Morningstar Magazine - December/January 2015 - 63
Morningstar Magazine - December/January 2015 - 64
Morningstar Magazine - December/January 2015 - 65
Morningstar Magazine - December/January 2015 - 66
Morningstar Magazine - December/January 2015 - 67
Morningstar Magazine - December/January 2015 - 68
Morningstar Magazine - December/January 2015 - 69
Morningstar Magazine - December/January 2015 - 70
Morningstar Magazine - December/January 2015 - 71
Morningstar Magazine - December/January 2015 - 72
Morningstar Magazine - December/January 2015 - 73
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Morningstar Magazine - December/January 2015 - 75
Morningstar Magazine - December/January 2015 - 76
Morningstar Magazine - December/January 2015 - 77
Morningstar Magazine - December/January 2015 - 78
Morningstar Magazine - December/January 2015 - 79
Morningstar Magazine - December/January 2015 - 80
Morningstar Magazine - December/January 2015 - 81
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Morningstar Magazine - December/January 2015 - 86
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Morningstar Magazine - December/January 2015 - 88
Morningstar Magazine - December/January 2015 - 89
Morningstar Magazine - December/January 2015 - 90
Morningstar Magazine - December/January 2015 - 91
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Morningstar Magazine - December/January 2015 - 94
Morningstar Magazine - December/January 2015 - 95
Morningstar Magazine - December/January 2015 - 96
Morningstar Magazine - December/January 2015 - Cover3
Morningstar Magazine - December/January 2015 - Cover4
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