iShares MSCI Japan Value ETF (EWJV US) - Portfolio Construction Methodology

Core Insights - The iShares MSCI Japan Value ETF (EWJV US) is designed to provide exposure to large- and mid-cap Japanese companies with a focus on value investing [1] - The ETF is based on the MSCI Japan Value Index, which follows specific eligibility criteria including free-float adjustment and liquidity tests [1] Index Construction Methodology - The MSCI Japan Value Index employs a composite value score derived from book-to-price, 12-month forward earnings-to-price, and dividend yield [1] - Companies are categorized into value and/or growth styles, with those exhibiting both being proportionally split based on their style scores [1] - The index is weighted by free-float market capitalization, and only the value portion of each company's free-float market cap is included in the index [1] - Style boundaries are established to limit turnover, and the index undergoes semi-annual reviews in May and November [1]