iShares Morningstar Large Value Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the Morningstar Large Value Index (the Value Index). The Value Index measures the performance of stocks issued by large-capitalization companies that have exhibited above-average value characteristics as determined by Morningstar Inc.’s index methodology. The Value Index constituents are drawn from the pool of liquid, the United States-domiciled stocks that trade publicly on the NYSE, the AMEX or NASDAQ. The Fund invests in a representative sample of securities included in the Value Index that collectively has an investment profile similar to the Value Index. The Fund’s investment advisor is BlackRock Fund Advisors.