JKL : iShares Morningstar Small-Cap Value ETF

Fund Summary

The investment seeks to track the investment results of the Morningstar® US Small Value IndexSM composed of small-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by small-capitalization companies that have exhibited value characteristics as determined by Morningstar, Inc.'s (Morningstar or the index provider) proprietary index methodology.