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.

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.

Ex-Date Payable Date Record Date Total Distribution   Income ST Cap Gains LT Cap Gains Return of Capital

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.

Holdings

as of 28-Jul-2015

Ticker Name Weight (%) Sector Shares Market Value Price Exchange Notional Value
XOM EXXON MOBIL CORP 3.06 Energy 321,063 $26,481,276 82.48 New York Stock Exchange Inc. 26,481,276.24
WFC WELLS FARGO 2.37 Financials 357,750 $20,534,850 57.40 New York Stock Exchange Inc. 20,534,850.00
GE GENERAL ELECTRIC 2.33 Industrials 773,723 $20,194,170 26.10 New York Stock Exchange Inc. 20,194,170.30
JPM JPMORGAN CHASE & CO 2.24 Financials 284,972 $19,392,345 68.05 New York Stock Exchange Inc. 19,392,344.60
BRKB BERKSHIRE HATHAWAY INC CLASS B 2.21 Financials 133,534 $19,124,739 143.22 New York Stock Exchange Inc. 19,124,739.48
JNJ JOHNSON & JOHNSON 2.12 Health Care 185,472 $18,365,437 99.02 New York Stock Exchange Inc. 18,365,437.44
PFE PFIZER INC 1.93 Health Care 472,845 $16,715,071 35.35 New York Stock Exchange Inc. 16,715,070.75
PG PROCTER & GAMBLE 1.93 Consumer Staples 208,330 $16,714,316 80.23 New York Stock Exchange Inc. 16,714,315.90
BAC BANK OF AMERICA CORP 1.66 Financials 806,454 $14,419,398 17.88 New York Stock Exchange Inc. 14,419,397.52
T AT&T INC 1.58 Telecommunications 398,770 $13,689,774 34.33 New York Stock Exchange Inc. 13,689,774.10
Ticker Name ISIN SEDOL Weight (%) Sector Asset Class Market Value Shares Price Exchange Notional Value
Exchange-traded index futures may be used to offset cash and receivables for the purpose of tracking the benchmark index.
Holdings are subject to change.

Exposure Breakdowns

as of 28-Jul-2015

% of Market Value

Financials

31.37%

Energy

12.73%

Health Care

11.48%

Information Technology

10.88%

Industrials

10.06%

Consumer Staples

6.59%

Utilities

5.89%

Consumer Discretionary

5.74%

Materials

2.82%

Telecommunications

2.28%

Cash and/or Derivatives

0.17%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 29-Jul-2015

$874,904,596
Asset Class Equity
Exchange NYSE Arca
Benchmark Index Russell 3000 Value Index
Index Ticker RU30VATR
Inception Date Jul 24, 2000

Shares Outstanding 6,500,000
CUSIP 464287663
Number of Holdings  

as of 28-Jul-2015

2,004
Closing Price  

as of 28-Jul-2015

133.35
Mid-Point Price  

as of 28-Jul-2015

133.36
Daily Volume  

as of 28-Jul-2015

823
20 Day Avg. Volume   3,494
Premium/Discount  

as of 29-Jul-2015

-
Options Available No

FEES as of 31-Mar-2014

Expense Ratio  

0.09%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 28-Jul-2015

16.37
P/B Ratio  

as of 28-Jul-2015

1.78

Equity Beta  

as of 30-Jun-2015

0.98
Standard Deviation (3y)  

as of 30-Jun-2015

8.97%

12m Trailing Yield  

as of 30-Jun-2015

2.00%
Distribution Yield  

as of 30-Jun-2015

2.19%
30 Day SEC Yield  

as of 30-Jun-2015

2.25%

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 Fund prospectus pages. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

There is no guarantee that dividends will be paid.

Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments.

International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/developing markets or in concentrations of single countries.

Diversification and asset allocation may not protect against market risk or loss of principal.

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”).

Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided “as is” and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.



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.

Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Real Estate 50 Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Global REIT Index or FTSE EPRA/NAREIT Developed Asia Index; all rights vest in FTSE, NAREIT and EPRA.“FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under license.

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