SCZ vs. JPXN ETF Comparison

Comparison of iShares MSCI EAFE Small-Cap ETF (SCZ) to iShares JPX-Nikkei 400 ETF (JPXN)

SCZ

iShares MSCI EAFE Small-Cap ETF

SCZ Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Small Cap Index (the "underlying index"). 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 represents the small-cap segment of the MSCI EAFE Index. As of June 30, 2012, the underlying index consisted of the following 22 developed market country indexes or regions.

Grade (RS Rating)

Last Trade

$61.64

Average Daily Volume

847,345

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JPXN

iShares JPX-Nikkei 400 ETF

JPXN Description

The investment seeks to track the investment results of a broad-based benchmark composed of Japanese equities. The fund seeks to track the investment results of the JPX-Nikkei Index 400 (the "underlying index"). It 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 may include large-, mid- or small-capitalization companies, and the components primarily include consumer discretionary, financials and industrials companies. The currency of the component securities of the underlying index is the Japanese yen ("JPY").

Grade (RS Rating)

Last Trade

$72.31

Average Daily Volume

4,114

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SCZ	JPXN
30 Days	-0.73%	2.03%
60 Days	0.69%	1.80%
90 Days	-1.28%	-2.77%
12 Months	8.80%	13.22%

3 Overlapping Holdings

Symbol	Grade	Weight in SCZ	Weight in JPXN	Overlap
CHGX	A	0.01%	0.01%	0.01%
PIXY	F	0.04%	0.03%	0.03%
RENB	C	0.01%	0.01%	0.01%

SCZ Overweight 27 Positions Relative to JPXN

Symbol	Grade	Weight
AEI	B	0.17%
TIGO	B	0.11%
HAFN	C	0.09%
ZIM	B	0.08%
MLCO	D	0.07%
TRMD	A	0.07%
BWLP	C	0.06%
ODD	B	0.05%
INMD	D	0.05%
KRNT	F	0.03%
CALT	B	0.03%
ELBM	F	0.03%
FVRR	D	0.03%
MNTX	F	0.03%
SMMF	B	0.02%
PGY	C	0.02%
NNDM	F	0.02%
RSKD	B	0.02%
RDWR	C	0.02%
CLBT	B	0.02%
SMWB	C	0.01%
GCBC	B	0.01%
VGR	C	0.01%
HDL	D	0.01%
WKME	A	0.01%
ITRN	D	0.01%
VALN	F	0.01%

SCZ Underweight 8 Positions Relative to JPXN

Symbol	Grade	Weight
SMFG	A	-2.0%
MUFG	C	-1.87%
TM	D	-1.72%
MFG	A	-1.53%
HMC	D	-1.41%
SONY	C	-1.26%
NMR	C	-0.53%
AGCO	F	-0.15%