SVAL – iShares US Small Cap Value Factor ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the investment results of the Russell 2000 Focused Value Select Index composed of U.S. small-capitalization stocks with prominent value characteristics. The fund seeks to track the investment results of the Russell 2000 Focused Value Select Index (the “underlying index”), which is an equal-weighted equity index provided by FTSE Russell (the “index provider” or “Russell”). The underlying index measures the performance of small-capitalization U.S. companies with prominent value factor characteristics, as determined by the index Provider.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SVAL	iShares US Small Cap Value Factor ETF	ETF	Open			Oct 27, 2020	$156.47M	0.200%	—	—	−$16.27M

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