FOVL Stock, iShares Focused Value Factor Information

The investment seeks to track the to track the investment results of the Focused Value Select Index which is an objective rulesbased equalweighted equity index provided by FTSE Russell. The underlying index measures the performance of large and midcapitalization U.S. companies with prominent value factor characteristics as determined by Russell. The fund generally will invest at least 90% of its assets in 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 underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in 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.