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.
13.27 24.33 15.84 9.68 10.73
Market Price (%)   13.20 24.31 15.85 9.68 10.73
Benchmark (%)   13.50 24.59 16.09 9.87 10.95
After Tax Pre-Liq. (%)   12.81 23.86 15.44 9.30 10.32
After Tax Post-Liq. (%)   7.81 19.37 12.78 7.92 9.02
as of
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.73 -5.35 -4.72 0.77 13.27 92.18 108.60 151.90 324.95
Market Price (%)   4.71 -5.35 -4.79 0.73 13.20 92.12 108.66 151.85 324.72
Benchmark (%)   4.88 -5.35 -4.69 0.85 13.50 93.40 110.85 156.36 336.57
After Tax Pre-Liq. (%)   4.42 -5.45 -4.81 0.58 12.81 90.03 105.01 143.26 303.11
After Tax Post-Liq. (%)   2.88 -2.96 -2.60 0.58 7.81 70.09 82.44 114.31 240.72
as of
  2009 2010 2011 2012 2013
Total Return (%)   33.50 22.47 -2.63 18.30 33.97
Market Price (%)   34.15 22.51 -2.77 18.42 33.92
Benchmark (%)   33.73 22.78 -2.43 18.53 34.25

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 on Capital
Sep 24, 2014 Sep 30, 2014 Sep 26, 2014 $0.484510 - - - -
Jun 24, 2014 Jun 30, 2014 Jun 26, 2014 $0.450943 - - - -
Mar 25, 2014 Mar 31, 2014 Mar 27, 2014 $0.429651 - - - -
Dec 23, 2013 Dec 30, 2013 Dec 26, 2013 $0.523211 $0.523211 $0.000000 $0.000000 $0.000000
Sep 24, 2013 Sep 30, 2013 Sep 26, 2013 $0.425342 $0.425342 $0.000000 $0.000000 $0.000000
Jun 26, 2013 Jul 2, 2013 Jun 28, 2013 $0.407652 $0.407652 $0.000000 $0.000000 $0.000000
Mar 25, 2013 Apr 1, 2013 Mar 27, 2013 $0.359825 $0.359825 $0.000000 $0.000000 $0.000000
Dec 19, 2012 Dec 26, 2012 Dec 21, 2012 $0.634487 $0.634487 $0.000000 $0.000000 $0.000000
Sep 25, 2012 Oct 1, 2012 Sep 27, 2012 $0.393604 $0.393604 $0.000000 $0.000000 $0.000000
Jun 19, 2012 Jun 25, 2012 Jun 21, 2012 $0.339589 $0.339589 $0.000000 $0.000000 $0.000000
Mar 26, 2012 Mar 30, 2012 Mar 28, 2012 $0.309785 $0.309785 $0.000000 $0.000000 $0.000000
Dec 22, 2011 Dec 29, 2011 Dec 27, 2011 $0.424744 $0.424744 $0.000000 $0.000000 $0.000000
Sep 26, 2011 Sep 30, 2011 Sep 28, 2011 $0.345830 $0.345830 $0.000000 $0.000000 $0.000000
Jun 23, 2011 Jun 29, 2011 Jun 27, 2011 $0.304117 $0.304117 $0.000000 $0.000000 $0.000000
Mar 25, 2011 Mar 31, 2011 Mar 29, 2011 $0.277245 $0.277245 $0.000000 $0.000000 $0.000000
Dec 23, 2010 Dec 30, 2010 Dec 28, 2010 $0.396349 $0.396349 $0.000000 $0.000000 $0.000000
Sep 24, 2010 Sep 30, 2010 Sep 28, 2010 $0.318989 $0.318989 $0.000000 $0.000000 $0.000000
Jun 23, 2010 Jun 29, 2010 Jun 25, 2010 $0.265667 $0.265667 $0.000000 $0.000000 $0.000000
Mar 25, 2010 Mar 31, 2010 Mar 29, 2010 $0.254822 $0.254822 $0.000000 $0.000000 $0.000000
Dec 24, 2009 Dec 31, 2009 Dec 29, 2009 $0.434612 $0.434612 $0.000000 $0.000000 $0.000000
Sep 23, 2009 Sep 29, 2009 Sep 25, 2009 $0.313235 $0.313235 $0.000000 $0.000000 $0.000000
Jun 23, 2009 Jun 29, 2009 Jun 25, 2009 $0.285383 $0.285383 $0.000000 $0.000000 $0.000000
Mar 25, 2009 Mar 31, 2009 Mar 27, 2009 $0.318636 $0.318636 $0.000000 $0.000000 $0.000000
Dec 24, 2008 Dec 31, 2008 Dec 29, 2008 $0.574371 $0.574371 $0.000000 $0.000000 $0.000000
Sep 25, 2008 Sep 30, 2008 Sep 29, 2008 $0.408028 $0.408028 $0.000000 $0.000000 $0.000000
Jun 24, 2008 Jun 30, 2008 Jun 26, 2008 $0.407881 $0.407881 $0.000000 $0.000000 $0.000000
Mar 25, 2008 Mar 31, 2008 Mar 27, 2008 $0.190682 $0.190682 $0.000000 $0.000000 $0.000000
Dec 27, 2007 Jan 3, 2008 Dec 31, 2007 $0.390140 $0.347013 $0.000000 $0.000000 $0.043127
Sep 26, 2007 Oct 2, 2007 Sep 28, 2007 $0.323069 $0.279942 $0.000000 $0.000000 $0.043127
Jun 29, 2007 Jul 6, 2007 Jul 3, 2007 $0.319015 $0.275888 $0.000000 $0.000000 $0.043127
Mar 26, 2007 Mar 30, 2007 Mar 28, 2007 $0.355696 $0.312569 $0.000000 $0.000000 $0.043127
Dec 21, 2006 Dec 28, 2006 Dec 26, 2006 $0.453660 $0.439634 $0.000000 $0.000000 $0.014026
Sep 27, 2006 Oct 3, 2006 Sep 29, 2006 $0.341003 $0.326977 $0.000000 $0.000000 $0.014026
Jun 23, 2006 Jun 29, 2006 Jun 27, 2006 $0.341240 $0.327214 $0.000000 $0.000000 $0.014026
Mar 27, 2006 Mar 31, 2006 Mar 29, 2006 $0.284181 $0.270155 $0.000000 $0.000000 $0.014026
Dec 23, 2005 Dec 30, 2005 Dec 28, 2005 $0.391079 $0.391079 $0.000000 $0.000000 $0.000000
Sep 26, 2005 Sep 30, 2005 Sep 28, 2005 $0.247700 $0.247705 $0.000000 $0.000000 $0.000000
Jun 21, 2005 Jun 27, 2005 Jun 23, 2005 $0.264200 $0.264182 $0.000000 $0.000000 $0.000000
Mar 28, 2005 Apr 1, 2005 Mar 30, 2005 $0.254682 $0.254682 $0.000000 $0.000000 $0.000000
Dec 27, 2004 Dec 31, 2004 Dec 29, 2004 $0.237043 $0.237043 $0.000000 $0.000000 $0.000000
Sep 27, 2004 Oct 1, 2004 Sep 29, 2004 $0.176818 $0.176818 $0.000000 $0.000000 $0.000000
Jun 28, 2004 Jul 2, 2004 Jun 30, 2004 $0.200884 $0.200884 $0.000000 $0.000000 $0.000000
Mar 29, 2004 Apr 2, 2004 Mar 31, 2004 $0.157917 $0.157917 $0.000000 $0.000000 $0.000000
Dec 31, 2003 Jan 7, 2004 Jan 5, 2004 $0.046150 $0.046150 $0.000000 $0.000000 $0.000000
Dec 15, 2003 Dec 24, 2003 Dec 17, 2003 $0.190026 $0.190026 $0.000000 $0.000000 $0.000000
Sep 15, 2003 Sep 24, 2003 Sep 17, 2003 $0.158383 $0.158383 $0.000000 $0.000000 $0.000000
Jun 16, 2003 Jun 25, 2003 Jun 18, 2003 $0.144464 $0.144464 $0.000000 $0.000000 $0.000000
Mar 10, 2003 Mar 19, 2003 Mar 12, 2003 $0.139508 $0.139508 $0.000000 $0.000000 $0.000000
Dec 16, 2002 Dec 26, 2002 Dec 18, 2002 $0.154635 $0.154635 $0.000000 $0.000000 $0.000000
Sep 16, 2002 Sep 25, 2002 Sep 18, 2002 $0.149928 $0.149928 $0.000000 $0.000000 $0.000000
Jun 17, 2002 Jun 26, 2002 Jun 19, 2002 $0.135785 $0.136000 $0.000000 $0.000000 $0.000000
Mar 11, 2002 Mar 20, 2002 Mar 13, 2002 $0.118800 $0.118800 $0.000000 $0.000000 $0.000000
Dec 17, 2001 Dec 27, 2001 Dec 19, 2001 $0.143750 $0.143750 $0.000000 $0.000000 $0.000000
Oct 2, 2001 Oct 11, 2001 Oct 4, 2001 $0.155100 $0.155100 $0.000000 $0.000000 $0.000000
Jun 11, 2001 Jun 20, 2001 Jun 13, 2001 $0.113800 $0.113800 $0.000000 $0.000000 $0.000000
Mar 12, 2001 Mar 21, 2001 Mar 14, 2001 $0.119400 $0.119400 $0.000000 $0.000000 $0.000000
Dec 13, 2000 Dec 22, 2000 Dec 15, 2000 $0.197700 $0.125600 $0.072100 $0.000000 $0.000000
Sep 20, 2000 Sep 29, 2000 Sep 22, 2000 $0.128050 $0.128050 $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 2, 2014

0.04%
Greatest Discount  

Jul 3, 2014

-0.04%
Days ± 0.5% of NAV 64
Percent ± 0.5% of NAV 100.00%
Select a Quarter   

Number of Days At:

Premium   29
NAV   13
Discount   22

Premium/Discount Range

# of Days

≥ 0.0 up to 0.5

42

≥ -0.5 up to 0.0

22

Chart Description  

Why is there a difference between NAV and Closing Price?  

Possible Timing Discrepancies  

Holdings

as of 18-Dec-2014

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

SLG

SL GREEN REALTY REIT CORP

1.44 Financials $74,029,016 601,373 123.10 New York Stock Exchange Inc. 74,029,016.30
holding-image

O

REALTY INCOME REIT CORP

1.31 Financials $67,240,934 1,400,561 48.01 New York Stock Exchange Inc. 67,240,933.61
holding-image

ASH

ASHLAND INC

1.02 Materials $52,477,626 451,110 116.33 New York Stock Exchange Inc. 52,477,626.30
holding-image

FL

FOOT LOCKER INC

1.02 Consumer Discretionary $52,332,549 904,156 57.88 New York Stock Exchange Inc. 52,332,549.28
holding-image

RE

EVEREST RE GROUP LTD

0.96 Financials $49,131,379 286,080 171.74 New York Stock Exchange Inc. 49,131,379.20
holding-image

Y

ALLEGHANY CORP

0.90 Financials $46,505,299 103,036 451.35 New York Stock Exchange Inc. 46,505,298.60
holding-image

HFC

HOLLYFRONTIER CORP

0.89 Energy $45,844,025 1,249,156 36.70 New York Stock Exchange Inc. 45,844,025.20
holding-image

LNT

ALLIANT ENERGY CORP

0.89 Utilities $45,679,780 697,934 65.45 New York Stock Exchange Inc. 45,679,780.30
holding-image

RJF

RAYMOND JAMES FINANCIAL INC.

0.87 Financials $44,807,204 790,948 56.65 New York Stock Exchange Inc. 44,807,204.20
holding-image

NYCB

NEW YORK COMMUNITY BANCORP INC

0.87 Financials $44,584,520 2,784,792 16.01 New York Stock Exchange Inc. 44,584,519.92
Ticker ISIN SEDOL Name Weight (%) Sector 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 18-Dec-2014

% of Market Value

Financials

28.73%

Information Technology

13.96%

Industrials

11.26%

Consumer Discretionary

10.70%

Materials

9.76%

Utilities

8.73%

Health Care

8.03%

Energy

4.30%

Consumer Staples

3.89%

Cash and/or Derivatives

0.34%

Telecommunications

0.30%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 18-Dec-2014

$4,183,231,939
Inception Date Jul 24, 2000
Exchange NYSE Arca
Asset Class Equities
Benchmark Index S&P MidCap 400(R) Value Index
Index Ticker MIDV

Shares Outstanding 32,800,000
Number of Holdings

as of 18-Dec-2014

293
CUSIP 464287705
Closing Price  

as of 18-Dec-2014

127.55
20 Day Avg. Volume   25,732
Premium/Discount  

as of 18-Dec-2014

0.04%
Options Available Yes

FEES as of 31-Mar-2014

Expense Ratio  

0.25%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 18-Dec-2014

19.32
P/B Ratio  

as of 18-Dec-2014

1.83

Equity Beta  

as of 28-Nov-2014

1.24
Standard Deviation (3y)  

as of 28-Nov-2014

11.34%

12m Trailing Yield  

as of 30-Nov-2014

1.49%
Distribution Yield  

as of 30-Nov-2014

1.54%
30 Day SEC Yield  

as of 30-Nov-2014

1.59%

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.

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.

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