Basic Fund Data
Fund Provider:	Barclays Global Investors
Asset Class:	Fixed Income
Fund Category:	Preferred Stock
Ticker:	PFF
Expense Ratio:	0.48%
Fund Category Expense Ratio Average:	0.54%
Options:	Yes
Fund Inception Date:	03-26-2007
Fund Structure:	Open-Ended
Fund Weighting Restrictions:	Non-diversified Fund Rules
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	S&P U.S. Preferred Stock Index
Index Provider:	Standard & Poor's
No of Index Holdings:	Under 100
Explanation of Index Strategy
Security Selection Category:	Screened
Security Selection Method:	Multi Factor
Security Selection Frequency:	Annually
Index Weighting Category:	Capitalization
Index Weighting Method:	Modified
Index Weighting Frequency:	Annual

Market Price Return
1-Year:	33.36%
3-Year annualized:
5-Year annualized:
10-Year annualized:
Annual Performance History
2009:	29.3
2008:	-23.2
2007:
2006:
2005:
2004:
2003:
2002:
2001:
2000:
Data as of 10/31/09

Fundamentals
Assets MM:	$2805.8
P/E Ratio:
P/B Ratio:
Median Market Cap:
12-month yield:	8.5%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	0.76
Beta:	1.1
Standard Deviation:	10.37
Sharpe Ratio:
Data as of 10/31/09

Index Snapshot:

The iShares S&P U.S. Preferred Stock Index Fund (Ticker: PFF) seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P U.S. Preferred Stock Index. The Index measures the performance of a select group of preferred stocks listed on the NYSE, AMEX and Nasdaq. The Index does not seek to directly reflect the performance of the companies issuing the preferred stock. The Index includes preferred stocks with a market capitalization over $100 million that meet minimum price, liquidity, maturity and other requirements and excludes preferred stock in company that are issued by special ventures (e.g., toll roads or dam operators) or structured products that are linked to indexes or other stocks. Preferred stock pays a specified dividend that must be paid before any dividends can be paid to common stockholders but generally do not carry voting rights and have economic characteristics similar to fixed-income securities. The index is calculated with a modified capitalization weighted scheme, with modifications being made to index shares to prevent single stock concentration (10% cap) and improve index liquidity. The index is rebalanced once a year, in September, when index shares and constituents are reviewed.