The iShares MSCI Japan Value ETF

The investment seeks to track the investment results of the MSCI Japan Value Index USD. The index is a free float weighted index consisting of large and mid capitalization Japanese securities exhibiting overall value style characteristics. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index and may invest up to 10% of its assets in certain futures options and swap contracts cash and cash equivalents. It is nondiversified. The index is a free float weighted index consisting of large- and mid- capitalization Japanese securities exhibiting overall value style characteristics.