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.
19.20 23.27 14.12 - 13.62
Market Price (%)   19.25 23.30 14.18 - 13.64
Benchmark (%)   19.53 23.59 14.39 6.86 13.89
After Tax Pre-Liq. (%)   18.56 22.68 13.65 - 13.15
After Tax Post-Liq. (%)   11.37 18.53 11.36 - 10.95
as of
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
7.85 -1.31 0.83 5.69 19.20 87.31 93.56 - 89.96
Market Price (%)   7.92 -1.22 0.90 5.74 19.25 87.43 94.08 - 90.09
Benchmark (%)   8.05 -1.30 0.89 5.82 19.53 88.77 95.86 94.24 92.15
After Tax Pre-Liq. (%)   7.41 -1.45 0.54 5.38 18.56 84.66 89.58 - 86.05
After Tax Post-Liq. (%)   4.79 -0.63 0.71 3.48 11.37 66.53 71.29 - 68.55
as of
  2009 2010 2011 2012 2013
Total Return (%)   - 11.46 0.90 16.75 31.79
Market Price (%)   - 11.66 0.79 16.66 31.83
Benchmark (%)   14.59 11.69 1.12 17.01 32.14

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 $0.252167 - - - -
Jul 2, 2014 Jul 9, 2014 Jul 7, 2014 $0.276309 - - - -
Mar 25, 2014 Mar 31, 2014 Mar 27, 2014 $0.198975 - - - -
Dec 23, 2013 Dec 30, 2013 Dec 26, 2013 $0.221884 $0.221884 $0.000000 $0.000000 $0.000000
Sep 24, 2013 Sep 30, 2013 Sep 26, 2013 $0.206772 $0.206772 $0.000000 $0.000000 $0.000000
Jul 2, 2013 Jul 9, 2013 Jul 5, 2013 $0.167254 $0.167254 $0.000000 $0.000000 $0.000000
Mar 25, 2013 Apr 1, 2013 Mar 27, 2013 $0.165827 $0.165827 $0.000000 $0.000000 $0.000000
Dec 19, 2012 Dec 26, 2012 Dec 21, 2012 $0.231409 $0.231409 $0.000000 $0.000000 $0.000000
Sep 24, 2012 Sep 28, 2012 Sep 26, 2012 $0.183079 $0.183079 $0.000000 $0.000000 $0.000000
Jun 26, 2012 Jul 2, 2012 Jun 28, 2012 $0.200963 $0.200963 $0.000000 $0.000000 $0.000000
Mar 23, 2012 Mar 29, 2012 Mar 27, 2012 $0.228134 $0.228134 $0.000000 $0.000000 $0.000000
Dec 22, 2011 Dec 29, 2011 Dec 27, 2011 $0.206431 $0.206431 $0.000000 $0.000000 $0.000000
Sep 23, 2011 Sep 29, 2011 Sep 27, 2011 $0.174598 $0.174598 $0.000000 $0.000000 $0.000000
Jul 5, 2011 Jul 11, 2011 Jul 7, 2011 $0.195860 $0.195860 $0.000000 $0.000000 $0.000000
Mar 24, 2011 Mar 30, 2011 Mar 28, 2011 $0.134821 $0.134821 $0.000000 $0.000000 $0.000000
Dec 22, 2010 Dec 29, 2010 Dec 27, 2010 $0.158868 $0.158868 $0.000000 $0.000000 $0.000000
Sep 23, 2010 Sep 29, 2010 Sep 27, 2010 $0.124140 $0.124140 $0.000000 $0.000000 $0.000000
Jul 2, 2010 Jul 9, 2010 Jul 7, 2010 $0.141368 $0.141368 $0.000000 $0.000000 $0.000000
Mar 24, 2010 Mar 30, 2010 Mar 26, 2010 $0.086097 $0.086097 $0.000000 $0.000000 $0.000000
Dec 23, 2009 Dec 30, 2009 Dec 28, 2009 $0.144580 $0.144580 $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  

Jul 8, 2014

0.09%
Greatest Discount  

Sep 2, 2014

-0.07%
Days ± 0.5% of NAV 64
Percent ± 0.5% of NAV 100.00%
Select a Quarter   

Number of Days At:

Premium   26
NAV   14
Discount   24

Premium/Discount Range

# of Days

≥ 0.0 up to 0.5

40

≥ -0.5 up to 0.0

24

Chart Description  

Why is there a difference between NAV and Closing Price?  

Possible Timing Discrepancies  

Holdings

as of 29-Oct-2014

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

XOM

EXXON MOBIL CORP

5.84 Energy $10,090,577 106,677 94.59 New York Stock Exchange Inc. -
holding-image

GE

GENERAL ELECTRIC CO.

3.70 Producer Durables $6,391,906 249,100 25.66 New York Stock Exchange Inc. -
holding-image

BRKB

BERKSHIRE HATHAWAY INC CLASS B

3.68 Financial Services $6,364,645 45,465 139.99 New York Stock Exchange Inc. -
holding-image

JNJ

JOHNSON & JOHNSON

3.62 Health Care $6,253,797 59,244 105.56 New York Stock Exchange Inc. -
holding-image

WFC

WELLS FARGO & CO.

3.58 Financial Services $6,188,979 118,631 52.17 New York Stock Exchange Inc. -
holding-image

JPM

JPMORGAN CHASE & CO

3.22 Financial Services $5,574,209 94,016 59.29 New York Stock Exchange Inc. -
holding-image

CVX

CHEVRON CORP

3.20 Energy $5,539,433 47,289 117.14 New York Stock Exchange Inc. -
holding-image

PG

PROCTER & GAMBLE

3.17 Consumer Staples $5,485,511 63,387 86.54 New York Stock Exchange Inc. -
holding-image

PFE

PFIZER INC

2.70 Health Care $4,672,779 158,453 29.49 New York Stock Exchange Inc. -
holding-image

BAC

BANK OF AMERICA CORP

2.57 Financial Services $4,438,111 261,219 16.99 New York Stock Exchange Inc. -
Ticker ISIN SEDOL Name Weight (%) Sector Market Value Shares Price Exchange Notional Value
Holdings are subject to change.

Exposure Breakdowns

as of 29-Oct-2014

% of Market Value

Financial Services

28.13%

Health Care

15.43%

Energy

15.42%

Producer Durables

10.20%

Technology

8.66%

Consumer Staples

7.23%

Utilities

6.79%

Consumer Discretionary

5.97%

Materials & Processing

1.56%

Industrials

0.45%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 30-Oct-2014

$173,713,622
Inception Date Sep 22, 2009
Exchange NYSE Arca
Asset Class Equities
Benchmark Index Russell Top 200 Value Index
Index Ticker RUTPVATR

Shares Outstanding 4,050,000
Number of Holdings

as of 29-Oct-2014

125
CUSIP 464289420
Closing Price  

as of 29-Oct-2014

42.66
20 Day Avg. Volume   2,184
Premium/Discount  

as of 30-Oct-2014

-
Options Available No

FEES

Expense Ratio  

0.20%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 30-Sep-2014

18.43
P/B Ratio  

as of 30-Sep-2014

2.30

Equity Beta  

as of 30-Sep-2014

0.96
Standard Deviation (3y)  

as of 30-Sep-2014

10.84%

12m Trailing Yield  

as of 30-Sep-2014

2.23%
Distribution Yield  

as of 30-Sep-2014

2.53%
30 Day SEC Yield  

as of 30-Sep-2014

2.15%

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.

Funds that concentrate investments in a single sector will be more susceptible to factors affecting that sector and more volatile than funds that invest in many different sectors.

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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