PERFORMANCE


The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.



The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.
as of
  1y 3y 5y 10y Incept.
15.21 - - - 17.16
Market Price (%)   15.28 - - - 17.24
After Tax Pre-Liq. (%)   14.73 - - - 16.72
After Tax Post-Liq. (%)   8.99 - - - 13.16
as of
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
5.77 -1.53 0.73 4.72 15.21 - - - 26.02
Market Price (%)   5.87 -1.44 0.76 4.72 15.28 - - - 26.14
After Tax Pre-Liq. (%)   5.45 -1.63 0.63 4.50 14.73 - - - 25.33
After Tax Post-Liq. (%)   3.52 -0.78 0.50 2.85 8.99 - - - 19.78
as of
  2009 2010 2011 2012 2013

Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. The price of the investments may go up or down and the investor may not get back the amount invested.

Source: BlackRock.  Performance data is displayed on a Net Asset Value basis, net of fees. Brokerage or transaction fees will apply.

Ex-Date Payable Date Record Date Total Distribution   Income ST Cap Gains LT Cap Gains Return on Capital
Sep 24, 2014 Sep 30, 2014 Sep 26, 2014 $0.134171 - - - -
Jun 25, 2014 Jul 1, 2014 Jun 27, 2014 $0.134702 - - - -
Mar 25, 2014 Mar 31, 2014 Mar 27, 2014 $0.111722 - - - -
Dec 23, 2013 Dec 30, 2013 Dec 26, 2013 $0.146562 $0.146562 $0.000000 $0.000000 $0.000000
Sep 24, 2013 Sep 30, 2013 Sep 26, 2013 $0.084996 $0.084996 $0.000000 $0.000000 $0.000000
Jun 27, 2013 Jul 3, 2013 Jul 1, 2013 $0.058138 $0.058138 $0.000000 $0.000000 $0.000000

Past distributions are not indicative of future distributions.



The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.
Greatest Premium  

Aug 19, 2014

0.19%
Greatest Discount  

Jul 3, 2014

-0.05%
Days ± 0.5% of NAV 64
Percent ± 0.5% of NAV 100.00%
Select a Quarter   

Number of Days At:

Premium   59
NAV   3
Discount   2

Premium/Discount Range

# of Days

≥ 0.0 up to 0.5

62

≥ -0.5 up to 0.0

2

Chart Description  

Why is there a difference between NAV and Closing Price?  

Possible Timing Discrepancies  

Holdings

as of 30-Oct-2014

Holding Weight (%) Sector Market Value Shares Price Exchange Notional Value
holding-image

ORLY

OREILLY AUTOMOTIVE INC.

2.61 - $1,697,404 9,705 174.90 NASDAQ -
holding-image

GD

GENERAL DYNAMICS CORP.

2.49 - $1,617,440 11,696 138.29 New York Stock Exchange Inc. -
holding-image

WLP

WELLPOINT INC.

2.46 - $1,601,537 12,990 123.29 New York Stock Exchange Inc. -
holding-image

RGA

REINSURANCE GROUP OF AMERICA INC.

2.25 - $1,462,180 17,640 82.89 New York Stock Exchange Inc. -
holding-image

WDC

WESTERN DIGITAL CORP.

2.25 - $1,459,453 15,332 95.19 NASDAQ -
holding-image

ADM

ARCHER DANIELS MIDLAND ORD

2.23 - $1,447,520 31,076 46.58 New York Stock Exchange Inc. -
holding-image

MSFT

MICROSOFT CORP.

2.19 - $1,425,662 30,959 46.05 NASDAQ -
holding-image

JNJ

JOHNSON & JOHNSON

2.17 - $1,410,466 13,177 107.04 New York Stock Exchange Inc. -
holding-image

DTE

DTE ENERGY

2.12 - $1,378,170 16,809 81.99 New York Stock Exchange Inc. -
holding-image

INTC

INTEL CORPORATION CORP

2.08 - $1,350,017 41,437 32.58 NASDAQ -
Ticker ISIN SEDOL Name Weight (%) Sector Market Value Shares Price Exchange Notional Value
Holdings are subject to change.

Exposure Breakdowns

Sorry, sectors are not available at this time.
Allocations are subject to change.

KEY FACTS

Net Assets

as of 30-Oct-2014

$65,007,693
Inception Date Apr 16, 2013
Exchange NYSE Arca
Asset Class Equities
Benchmark Index N/A

Shares Outstanding 2,100,000
Number of Holdings

as of 30-Oct-2014

140
CUSIP 46431W101
Closing Price  

as of 30-Oct-2014

30.92
20 Day Avg. Volume   1,819
Premium/Discount  

as of 30-Oct-2014

0.08%
Options Available No

FEES

Expense Ratio  

0.18%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 30-Sep-2014

19.41
P/B Ratio  

as of 30-Sep-2014

3.51

Equity Beta  

as of 30-Sep-2014

1.05
Standard Deviation (3y)  

as of -

-

12m Trailing Yield  

as of 30-Sep-2014

1.73%
Distribution Yield  

as of 30-Sep-2014

1.74%
30 Day SEC Yield  

as of 30-Sep-2014

1.85%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please click on the "Returns" tab above.

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

The Fund is actively managed and does not seek to replicate the performance of a specified index. The Fund may have a higher portfolio turnover than funds that seek to replicate the performance of an index.

The Funds seek to provide exposure to large-capitalization and/or small-capitalization stocks that emphasize certain quantitative investment characteristics ("factors"), including, but not limited to, cash earnings, earnings variability, leverage, price-to-book ratio and market capitalization. There can be no assurance that exposure to such investment factors will enhance the Fund's performance over time. It is expected that exposure to such investment factors will detract from performance in some market environments, perhaps for extended periods. In such circumstances, the Fund's investment process will seek to maintain exposure to the targeted investment factors and will not adjust to target different factors. Small-capitalization companies may be less stable and more susceptible to adverse developments, and their securities may be more volatile and less liquid than larger capitalization companies.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.

Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

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. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Certain sectors and markets perform exceptionally well based on current market conditions and iShares Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Cohen & Steers Capital Management, Inc., European Public Real Estate Association ("EPRA®"), FTSE International Limited ("FTSE"), India Index Services & Products Limited, JPMorgan Chase & Co., MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts (“NAREIT”), New York Stock Exchange, Inc., Russell Investment Group or S&P Dow Jones Indices LLC, nor are they sponsored, endorsed or issued by Barclays Capital Inc. None of these companies make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with the companies listed above. Index data related to the underlying indexes is provided by the respective companies above.

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