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 on 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 26-May-2015

Ticker Name Weight (%) Sector Market Value Shares Price Exchange Notional Value
CASY CASEYS GENERAL STORES INC. 1.03 Consumer Staples $35,240,309 392,300 89.83 NASDAQ 35,240,309.00
ENS ENERSYS INC. 0.87 Industrials $29,983,120 446,111 67.21 New York Stock Exchange Inc. 29,983,120.31
UIL UIL HOLDINGS CORP. 0.84 Utilities $28,737,876 570,989 50.33 New York Stock Exchange Inc. 28,737,876.37
EME EMCOR GROUP INC. 0.83 Industrials $28,624,470 635,958 45.01 New York Stock Exchange Inc. 28,624,469.58
MW MENS WEARHOUSE INC. 0.78 Consumer Discretionary $26,643,603 461,441 57.74 New York Stock Exchange Inc. 26,643,603.34
SUSQ SUSQUEHANNA BANCSHARES INC. 0.74 Financials $25,563,754 1,839,119 13.90 NASDAQ 25,563,754.10
DAR DARLING INGREDIENTS INC 0.74 Consumer Staples $25,482,445 1,663,345 15.32 New York Stock Exchange Inc. 25,482,445.40
PRA PROASSURANCE CORP. 0.73 Financials $24,996,015 563,608 44.35 New York Stock Exchange Inc. 24,996,014.80
SWX SOUTHWEST GAS CORP. 0.73 Utilities $24,964,847 470,946 53.01 New York Stock Exchange Inc. 24,964,847.46
WTFC WINTRUST FINANCIAL CORP. 0.70 Financials $23,863,594 477,654 49.96 NASDAQ 23,863,593.84
Ticker ISIN SEDOL Name Weight (%) Asset Class 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 26-May-2015

% of Market Value

Financials

22.64%

Industrials

18.74%

Information Technology

14.71%

Consumer Discretionary

11.94%

Health Care

8.69%

Materials

6.90%

Utilities

6.09%

Energy

5.36%

Consumer Staples

3.91%

Telecommunications

0.76%

Cash and/or Derivatives

0.27%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 27-May-2015

$3,468,253,441
Inception Date Jul 24, 2000
Exchange NYSE Arca
Asset Class Equity
Benchmark Index S&P SmallCap 600(R) Value Index
Index Ticker SPTRSV

Shares Outstanding 29,300,000
Number of Holdings  

as of 26-May-2015

456
CUSIP 464287879
Closing Price  

as of 27-May-2015

118.33
20 Day Avg. Volume   18,949
Premium/Discount  

as of 27-May-2015

-0.01%
Options Available Yes

FEES as of 31-Mar-2014

Expense Ratio  

0.25%

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 26-May-2015

17.87
P/B Ratio  

as of 26-May-2015

1.56

Equity Beta  

as of 30-Apr-2015

1.33
Standard Deviation (3y)  

as of 30-Apr-2015

13.14%

12m Trailing Yield  

as of 30-Apr-2015

1.54%
Distribution Yield  

as of 30-Apr-2015

1.94%
30 Day SEC Yield  

as of 30-Apr-2015

1.28%

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

More Products

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.

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.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of "Characteristics and Risks of Standardized Options." Copies of this document may be obtained from your broker, from any exchange on which options are traded or by contacting The Options Clearing Corporation, One North Wacker Dr., Suite 500, Chicago, IL 60606 (1-888-678-4667). The document contains information on options issued by The Options Clearing Corporation. The document discusses exchange traded options issued by The Options Clearing Corporation and is intended for educational purposes. No statement in the document should be construed as a recommendation to buy or sell a security or to provide investment advice.

If you need further information, please feel free to call the Options Industry Council Helpline. They will be able to provide you with balanced options education and tools to assist you with your iShares options questions and trading. The Options Industry Council Helpline phone number is 1-888-Options (1-888-678-4667) and its website is www.888options.com.

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. Index data related to the underlying indexes is provided by the respective companies above.

Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Real Estate 50 Index, FTSE NAREIT Residential Plus Capped Index, FTSE NAREIT Industrial/Office 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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