Report of Independent Registered Public Accounting Firm

To the Board of Trustees and Shareholders

of iShares Trust,

In planning and performing our audits of the financial statements of the funds of iShares Trust, as listed in the attached Appendix A, (hereafter referred to as the "Funds") as of and for the year ended July 31, 2013, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting.  Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.  A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.  A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Fund are being made only in accordance with authorizations of management and trustees of the fund; and (3)  provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a Fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States).  However, we noted no deficiencies in the Funds' internal control over financial reporting and their operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of July 31, 2013.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCoopers LLP

San Francisco, California

September 20, 2013

Appendix A

iShares China Large-Cap ETF

iShares FTSE China ETF

iShares Developed Small-Cap ex North America ETF

iShares MSCI ACWI ETF

iShares MSCI ACWI ex U.S. ETF

iShares MSCI Emerging Markets Financials ETF

iShares MSCI Emerging Markets Materials ETF

iShares MSCI Europe Financials ETF

iShares MSCI Far East Financials ETF

iShares MSCI Kokusai ETF

iShares MSCI ACWI ex U.S. Consumer Discretionary ETF

iShares MSCI ACWI ex U.S. Consumer Staples ETF

iShares MSCI ACWI ex U.S. Energy ETF

iShares MSCI ACWI ex U.S. Financials ETF

iShares MSCI ACWI ex U.S. Healthcare ETF

iShares MSCI ACWI ex U.S. Industrials ETF

iShares MSCI ACWI ex U.S. Information Technology ETF

iShares MSCI ACWI ex U.S. Materials ETF

iShares MSCI ACWI ex U.S. Telecommunication Services ETF

iShares MSCI ACWI ex U.S. Utilities ETF

iShares MSCI All Country Asia ex Japan ETF

iShares MSCI All Country Asia ex Japan Small-Cap ETF

iShares MSCI All Country Asia Information Technology ETF

iShares MSCI USA Momentum Factor ETF

iShares MSCI USA Quality Factor ETF

iShares MSCI USA Size Factor ETF

iShares MSCI USA Value Factor ETF

iShares MSCI EAFE ETF

iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Value ETF

iShares MSCI EAFE Small-Cap ETF

iShares North American Tech ETF

iShares North American Tech-Multimedia Networking ETF

iShares North American Tech-Software ETF

iShares North American Natural Resources ETF

iShares PHLX Semiconductor ETF

iShares NYSE Composite ETF

iShares NYSE 100 ETF

iShares MSCI EAFE Minimum Volatility ETF

iShares MSCI USA Minimum Volatility ETF

iShares Conservative Allocation ETF

iShares Moderate Allocation ETF

iShares Growth Allocation ETF

iShares Aggressive Allocation ETF

iShares Target Date Retirement Income ETF

iShares Target Date 2010 ETF

iShares Target Date 2015 ETF

iShares Target Date 2020 ETF

iShares Target Date 2025 ETF

iShares Target Date 2030 ETF

iShares Target Date 2035 ETF

iShares Target Date 2040 ETF

iShares Target Date 2045 ETF

iShares Target Date 2050 ETF

iShares Morningstar Multi-Asset Income ETF

iShares Core MSCI EAFE ETF

iShares Core MSCI Total International Stock ETF

iShares China Large-Cap ETF

iShares FTSE China ETF

iShares Developed Small-Cap ex North America ETF

iShares MSCI ACWI ETF

iShares MSCI ACWI ex U.S. ETF

iShares MSCI Emerging Markets Financials ETF

iShares MSCI Emerging Markets Materials ETF

iShares MSCI Europe Financials ETF

iShares MSCI Far East Financials ETF

iShares MSCI Kokusai ETF

iShares MSCI ACWI ex U.S. Consumer Discretionary ETF

iShares MSCI ACWI ex U.S. Consumer Staples ETF

iShares MSCI ACWI ex U.S. Energy ETF

iShares MSCI ACWI ex U.S. Financials ETF

iShares MSCI ACWI ex U.S. Healthcare ETF

iShares MSCI ACWI ex U.S. Industrials ETF

iShares MSCI ACWI ex U.S. Information Technology ETF

iShares MSCI ACWI ex U.S. Materials ETF

iShares MSCI ACWI ex U.S. Telecommunication Services ETF

iShares MSCI ACWI ex U.S. Utilities ETF

iShares MSCI All Country Asia ex Japan ETF

iShares MSCI All Country Asia ex Japan Small-Cap ETF

iShares MSCI All Country Asia Information Technology ETF

iShares MSCI USA Momentum Factor ETF

iShares MSCI USA Quality Factor ETF

iShares MSCI USA Size Factor ETF

iShares MSCI USA Value Factor ETF

iShares MSCI EAFE ETF

iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Value ETF

iShares MSCI EAFE Small-Cap ETF

iShares North American Tech ETF

iShares North American Tech-Multimedia Networking ETF

iShares North American Tech-Software ETF

iShares North American Natural Resources ETF

iShares PHLX Semiconductor ETF

iShares NYSE Composite ETF

iShares NYSE 100 ETF

iShares MSCI EAFE Minimum Volatility ETF

iShares MSCI USA Minimum Volatility ETF

iShares Conservative Allocation ETF

iShares Moderate Allocation ETF

iShares Growth Allocation ETF

iShares Aggressive Allocation ETF

iShares Target Date Retirement Income ETF

iShares Target Date 2010 ETF

iShares Target Date 2015 ETF

iShares Target Date 2020 ETF

iShares Target Date 2025 ETF

iShares Target Date 2030 ETF

iShares Target Date 2035 ETF

iShares Target Date 2040 ETF

iShares Target Date 2045 ETF

iShares Target Date 2050 ETF

iShares Morningstar Multi-Asset Income ETF

iShares Core MSCI EAFE ETF

iShares Core MSCI Total International Stock ETF

iShares Trust

iShares China Large-Cap ETF

iShares FTSE China ETF

iShares Developed Small-Cap ex North America ETF

iShares MSCI ACWI ETF

iShares MSCI ACWI ex U.S. ETF

iShares MSCI Emerging Markets Financials ETF

iShares MSCI Emerging Markets Materials ETF

iShares MSCI Europe Financials ETF

iShares MSCI Far East Financials ETF

iShares MSCI Kokusai ETF

iShares MSCI ACWI ex U.S. Consumer Discretionary ETF

iShares MSCI ACWI ex U.S. Consumer Staples ETF

iShares MSCI ACWI ex U.S. Energy ETF

iShares MSCI ACWI ex U.S. Financials ETF

iShares MSCI ACWI ex U.S. Healthcare ETF

iShares MSCI ACWI ex U.S. Industrials ETF

iShares MSCI ACWI ex U.S. Information Technology ETF

iShares MSCI ACWI ex U.S. Materials ETF

iShares MSCI ACWI ex U.S. Telecommunication Services ETF

iShares MSCI ACWI ex U.S. Utilities ETF

iShares MSCI All Country Asia ex Japan ETF

iShares MSCI All Country Asia ex Japan Small-Cap ETF

iShares MSCI All Country Asia Information Technology ETF

iShares MSCI USA Momentum Factor ETF

iShares MSCI USA Quality Factor ETF

iShares MSCI USA Size Factor ETF

iShares MSCI USA Value Factor ETF

iShares MSCI EAFE ETF

iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Value ETF

iShares MSCI EAFE Small-Cap ETF

iShares North American Tech ETF

iShares North American Tech-Multimedia Networking ETF

iShares North American Tech-Software ETF

iShares North American Natural Resources ETF

iShares PHLX Semiconductor ETF

iShares NYSE Composite ETF

iShares NYSE 100 ETF

iShares MSCI EAFE Minimum Volatility ETF

iShares MSCI USA Minimum Volatility ETF

iShares Conservative Allocation ETF

iShares Moderate Allocation ETF

iShares Growth Allocation ETF

iShares Aggressive Allocation ETF

iShares Target Date Retirement Income ETF

iShares Target Date 2010 ETF

iShares Target Date 2015 ETF

iShares Target Date 2020 ETF

iShares Target Date 2025 ETF

iShares Target Date 2030 ETF

iShares Target Date 2035 ETF

iShares Target Date 2040 ETF

iShares Target Date 2045 ETF

iShares Target Date 2050 ETF

iShares Morningstar Multi-Asset Income ETF

iShares Core MSCI EAFE ETF

iShares Core MSCI Total International Stock ETF

iShares China Large-Cap ETF

iShares FTSE China ETF

iShares Developed Small-Cap ex North America ETF

iShares MSCI ACWI ETF

iShares MSCI ACWI ex U.S. ETF

iShares MSCI Emerging Markets Financials ETF

iShares MSCI Emerging Markets Materials ETF

iShares MSCI Europe Financials ETF

iShares MSCI Far East Financials ETF

iShares MSCI Kokusai ETF

iShares MSCI ACWI ex U.S. Consumer Discretionary ETF

iShares MSCI ACWI ex U.S. Consumer Staples ETF

iShares MSCI ACWI ex U.S. Energy ETF

iShares MSCI ACWI ex U.S. Financials ETF

iShares MSCI ACWI ex U.S. Healthcare ETF

iShares MSCI ACWI ex U.S. Industrials ETF

iShares MSCI ACWI ex U.S. Information Technology ETF

iShares MSCI ACWI ex U.S. Materials ETF

iShares MSCI ACWI ex U.S. Telecommunication Services ETF

iShares MSCI ACWI ex U.S. Utilities ETF

iShares MSCI All Country Asia ex Japan ETF

iShares MSCI All Country Asia ex Japan Small-Cap ETF

iShares MSCI All Country Asia Information Technology ETF

iShares MSCI USA Momentum Factor ETF

iShares MSCI USA Quality Factor ETF

iShares MSCI USA Size Factor ETF

iShares MSCI USA Value Factor ETF

iShares MSCI EAFE ETF

iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Value ETF

iShares MSCI EAFE Small-Cap ETF

iShares North American Tech ETF

iShares North American Tech-Multimedia Networking ETF

iShares North American Tech-Software ETF

iShares North American Natural Resources ETF

iShares PHLX Semiconductor ETF

iShares NYSE Composite ETF

iShares NYSE 100 ETF

iShares MSCI EAFE Minimum Volatility ETF

iShares MSCI USA Minimum Volatility ETF

iShares Conservative Allocation ETF

iShares Moderate Allocation ETF

iShares Growth Allocation ETF

iShares Aggressive Allocation ETF

iShares Target Date Retirement Income ETF

iShares Target Date 2010 ETF

iShares Target Date 2015 ETF

iShares Target Date 2020 ETF

iShares Target Date 2025 ETF

iShares Target Date 2030 ETF

iShares Target Date 2035 ETF

iShares Target Date 2040 ETF

iShares Target Date 2045 ETF

iShares Target Date 2050 ETF

iShares Morningstar Multi-Asset Income ETF

iShares Core MSCI EAFE ETF

iShares Core MSCI Total International Stock ETF

iShares China Large-Cap ETF

iShares FTSE China ETF

iShares Developed Small-Cap ex North America ETF

iShares MSCI ACWI ETF

iShares MSCI ACWI ex U.S. ETF

iShares MSCI Emerging Markets Financials ETF

iShares MSCI Emerging Markets Materials ETF

iShares MSCI Europe Financials ETF

iShares MSCI Far East Financials ETF

iShares MSCI Kokusai ETF

iShares MSCI ACWI ex U.S. Consumer Discretionary ETF

iShares MSCI ACWI ex U.S. Consumer Staples ETF

iShares MSCI ACWI ex U.S. Energy ETF

iShares MSCI ACWI ex U.S. Financials ETF

iShares MSCI ACWI ex U.S. Healthcare ETF

iShares MSCI ACWI ex U.S. Industrials ETF

iShares MSCI ACWI ex U.S. Information Technology ETF

iShares MSCI ACWI ex U.S. Materials ETF

iShares MSCI ACWI ex U.S. Telecommunication Services ETF

iShares MSCI ACWI ex U.S. Utilities ETF

iShares MSCI All Country Asia ex Japan ETF

iShares MSCI All Country Asia ex Japan Small-Cap ETF

iShares MSCI All Country Asia Information Technology ETF

iShares MSCI USA Momentum Factor ETF

iShares MSCI USA Quality Factor ETF

iShares MSCI USA Size Factor ETF

iShares MSCI USA Value Factor ETF

iShares MSCI EAFE ETF

iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Value ETF

iShares MSCI EAFE Small-Cap ETF

iShares North American Tech ETF

iShares North American Tech-Multimedia Networking ETF

iShares North American Tech-Software ETF

iShares North American Natural Resources ETF

iShares PHLX Semiconductor ETF

iShares NYSE Composite ETF

iShares NYSE 100 ETF

iShares MSCI EAFE Minimum Volatility ETF

iShares MSCI USA Minimum Volatility ETF

iShares Conservative Allocation ETF

iShares Moderate Allocation ETF

iShares Growth Allocation ETF

iShares Aggressive Allocation ETF

iShares Target Date Retirement Income ETF

iShares Target Date 2010 ETF

iShares Target Date 2015 ETF

iShares Target Date 2020 ETF

iShares Target Date 2025 ETF

iShares Target Date 2030 ETF

iShares Target Date 2035 ETF

iShares Target Date 2040 ETF

iShares Target Date 2045 ETF

iShares Target Date 2050 ETF

iShares Morningstar Multi-Asset Income ETF

iShares Core MSCI EAFE ETF

iShares Core MSCI Total International Stock ETF