iShares Russell 1000 Large-Cap Index Fund


Sales charges are not reflected in the bar chart. This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. Our Company and Sites. For standardized performance, please see the Performance section above.

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You may lose part or all of your investment in the Fund or your investment may not perform as well as other similar investments. The following is a summary description of principal risks of investing in the Fund. In these transactions, the Fund is subject to liquidity risk and correlation risk i.

As a result, while the Fund will attempt to track the Russell as closely as possible, it will tend to underperform the index to some degree over time. If an index fund is properly correlated to its stated index, the fund will perform poorly when the index performs poorly.

Errors in index data may occur from time to time and may not be identified and corrected for a period of time, and may have an adverse impact on the Fund and its shareholders. Selection risk is the risk that the securities selected by Fund management will underperform the markets, the relevant indices or the securities selected by other funds with similar investment objectives and investment strategies.

This means you may lose money. As a result, the Fund may lose money and there may be a delay in recovering the loaned. These events could trigger adverse tax consequences for the Fund. The information shows you how the performance of Large Cap Index Fund has varied for the periods since inception and provides some indication of the risks of investing in the Fund.

To the extent that dividends and distributions have been paid by the Fund, the performance information for the Fund in the chart and table assumes reinvestment of the dividends and distributions. As with all such investments, past performance before and after taxes is not an indication of future results. Sales charges are not reflected in the bar chart. If they were, returns would be less than those shown.

However, the table includes all applicable fees and sales charges. During the periods shown in the bar chart, the highest return for a quarter was The year-to-date return for the quarter ended March 31, is 1. After-tax returns are calculated using the historical highest individual Federal marginal income tax rates and do not reflect the impact of state and local taxes.

Purchase and Sale of Fund Shares. Box , Providence, Rhode Island , or by the Internet at www. These payments may create a conflict of interest by influencing the broker-dealer or other financial intermediary and your individual financial professional to recommend the Fund over another investment.

Annual Fund Operating Expenses expenses that you pay each year as a percentage of the value of your investment 1. Total Annual Fund Operating Expenses 3. The Management Fee and Administration Fees have been restated to reflect current fees. Concentration Risk — To the extent the Fund concentrates in a particular industry, it may be more susceptible to economic conditions and risks affecting that industry.

Equity Securities Risk — Stock markets are volatile. Index Fund Risk — An index fund has operating and other expenses while an index does not. Index-Related Risk — There is no guarantee that the Fund will achieve a high degree of correlation to the Underlying Index and therefore achieve its investment objective.

All investments are made at the Master Portfolio level. Principal Risks of Investing in the Fund. Risk is inherent in all investing. The value of your investment in the Large Cap Index Fund, as well as the amount of return you receive on your investment, may fluctuate significantly from day to day and over time. You may lose part or all of your investment in the Fund or your investment may not perform as well as other similar investments.

The following is a summary description of principal risks of investing in the Fund. In these transactions, the Fund is subject to liquidity risk and correlation risk i.

As a result, while the Fund will attempt to track the Russell as closely as possible, it will tend to underperform the index to some degree over time. If an index fund is properly correlated to its stated index, the fund will perform poorly when the index performs poorly. Errors in index data may occur from time to time and may not be identified and corrected for a period of time, and may have an adverse impact on the Fund and its shareholders.

Selection risk is the risk that the securities selected by Fund management will underperform the markets, the relevant indices or the securities selected by other funds with similar investment objectives and investment strategies. This means you may lose money. As a result, the Fund may lose money and there may be a delay in recovering the loaned.

These events could trigger adverse tax consequences for the Fund. The information shows you how the performance of Large Cap Index Fund has varied for the periods since inception and provides some indication of the risks of investing in the Fund. To the extent that dividends and distributions have been paid by the Fund, the performance information for the Fund in the chart and table assumes reinvestment of the dividends and distributions.

As with all such investments, past performance before and after taxes is not an indication of future results. Sales charges are not reflected in the bar chart. If they were, returns would be less than those shown. However, the table includes all applicable fees and sales charges.

During the periods shown in the bar chart, the highest return for a quarter was The year-to-date return for the quarter ended March 31, is 1. After-tax returns are calculated using the historical highest individual Federal marginal income tax rates and do not reflect the impact of state and local taxes.

After-tax returns are shown for Investor A Shares only, and the after-tax returns for Institutional Shares will vary. Purchase and Sale of Fund Shares.

To purchase or sell shares, you should contact your financial professional or your selected securities dealer, broker, investment adviser, service provider or industry professional including BFA, The PNC Financial Services Group, Inc. Box , Providence, Rhode Island , or by the Internet at www. These payments may create a conflict of interest by influencing the Financial Intermediary and your individual financial professional to recommend the Fund over another investment.

Annual Fund Operating Expenses expenses that you pay each year as a percentage of the value of your investment 1. Total Annual Fund Operating Expenses 3.