Basic Fund Data
Fund Provider:	Barclays Global Investors
Asset Class:	Equity
Fund Category:	Strategy ETF
Ticker:	BWV
Expense Ratio:	0.75%
Fund Category Expense Ratio Average:	0.77%
Options:	No
Fund Inception Date:	05-22-2007
Fund Structure:	Exchange-Traded Note
Fund Weighting Restrictions:	Not Applicable
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	CBOE S&P 500 BuyWrite Index
Index Provider:	Standard & Poor's
No of Index Holdings:	100-500
Explanation of Index Strategy
Security Selection Category:	Passive
Security Selection Method:	Strategy
Security Selection Frequency:	Ongoing
Index Weighting Category:	Capitalization
Index Weighting Method:	Free Float
Index Weighting Frequency:	Daily

Market Price Return
1-Year:	6.99%
3-Year annualized:
5-Year annualized:
10-Year annualized:
Annual Performance History
2009:	15.44
2008:	-29.46
2007:
2006:
2005:
2004:
2003:
2002:
2001:
2000:
Data as of 10/31/09

Fundamentals
Assets MM:	$10.5
P/E Ratio:
P/B Ratio:
Median Market Cap:
12-month yield:	0%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	0.21
Beta:	0.75
Standard Deviation:	4.98
Sharpe Ratio:
Data as of 10/31/09

Index Snapshot:

The iPath CBOE S&P 500 BuyWrite Index ETN (Ticker: BWV) seeks investment results that correspond generally to the performance, before fees and expenses, to the CBOE S&P 500 BuyWrite Index. The index is designed to measure the total rate of return of a hypothetical "buy-write", or "covered call", strategy on the S&P 500 Index. This strategy consists of holding a portfolio indexed to the S&P 500 (the "Reference Index") and selling a succession of written options, each with an exercise price at or above the prevailing price level of the S&P 500. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested.