PERFORMANCE


Cum. Fund Perf. Since Inception: 1,245.77%

Source: Lipper. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. Had sales charge been included, returns would have been lower. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Performance for other share classes will vary.


The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.
as of
  1y 3y 5y 10y Incept.  
13.89 6.95 9.88 8.48 10.78
- - - - -
Benchmark (%)   15.98 8.47 11.29 7.08 7.95
Morningstar Category Avg. (%)  

as of 31-Jul-2014

- - - - -
Lipper Category Avg. (%)   13.59 6.37 10.85 6.67 -
as of
  YTD 1m 3m 1y 3y 5y 10y Incept.  
3.69 1.28 3.06 13.89 22.34 60.16 125.59 1,245.77
- - - - - - - -
Benchmark (%)   5.46 1.29 3.81 15.98 27.64 70.72 98.19 598.14
Lipper Ranking   235/466 143/291 133/184 13/85
Morningstar Category Avg. (%)  

as of 31-Jul-2014

- - - - - - - -
Lipper Category Avg. (%)   5.10 1.41 3.67 13.59 20.84 68.78 94.81 -
as of
  2009 2010 2011 2012 2013
Total Return (%)   21.99 10.15 -3.43 10.33 14.71
Benchmark (%)   19.22 11.06 0.77 10.80 13.67
Morningstar Category Avg. (%)   24.37 10.58 -3.99 10.74 10.07


The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Interactive chart displaying fund performance. Javascript is required.

Ex-Date Payable Date Record Date Total Distribution Income ST Cap Gains LT Cap Gains Return on Capital
Jul 17, 2014 Jul 16, 2014 Jul 17, 2014 0.18 - - - -
Dec 17, 2013 Dec 18, 2013 Dec 16, 2013 1.12 0.15 0.25 0.71 -
Jul 18, 2013 Jul 18, 2013 Jul 18, 2013 0.16 0.16 - - -
Dec 19, 2012 Dec 19, 2012 Dec 19, 2012 0.13 0.13 - - -
Jul 19, 2012 Jul 19, 2012 Jul 19, 2012 0.15 0.15 - - -
Dec 19, 2011 Dec 20, 2011 Dec 16, 2011 0.61 0.41 - 0.20 -
Jul 21, 2011 Jul 21, 2011 Jul 20, 2011 0.18 0.18 - - -
Dec 20, 2010 Dec 20, 2010 Dec 17, 2010 0.19 0.19 - - -
Jul 22, 2010 Jul 22, 2010 Jul 21, 2010 0.08 0.08 - - -
Dec 18, 2009 Dec 18, 2009 Dec 17, 2009 0.26 0.26 - - -
Jul 23, 2009 Jul 23, 2009 Jul 22, 2009 0.09 0.09 - - -
Dec 15, 2008 Dec 15, 2008 Dec 12, 2008 0.65 0.65 - - -
Jul 17, 2008 Jul 17, 2008 Jul 16, 2008 0.13 0.13 - - -
Dec 14, 2007 Dec 17, 2007 Dec 13, 2007 0.82 0.00 0.11 0.71 -
Dec 13, 2006 Dec 14, 2006 Dec 12, 2006 0.20 0.00 0.07 0.12 -
Aug 21, 2006 Aug 24, 2006 Aug 18, 2006 0.78 0.00 0.20 0.58 -
Dec 14, 2005 Dec 19, 2005 Dec 13, 2005 0.92 0.00 0.14 0.77 -
Dec 15, 2004 Dec 15, 2004 Dec 15, 2004 0.18 0.00 - 0.18 -
Dec 12, 2001 Dec 12, 2001 Dec 12, 2001 0.01 0.00 0.01 - -
Dec 14, 2000 Dec 14, 2000 Dec 13, 2000 1.69 0.00 0.40 1.28 -
Dec 15, 1999 Dec 15, 1999 Dec 15, 1999 1.13 0.00 0.64 0.49 -
Dec 17, 1998 Dec 17, 1998 Dec 17, 1998 1.05 0.00 0.09 0.96 -
Dec 18, 1997 Dec 18, 1997 Dec 18, 1997 1.20 0.00 0.26 0.46 -
Dec 20, 1989 Dec 20, 1989 Dec 20, 1989 0.20 0.00 - 0.20 -

Interactive chart displaying fund performance. Javascript is required.

Year Total Distribution Income ST Cap Gains LT Cap Gains
2013 1.28 0.32 0.25 0.71
2012 0.29 0.29 0.00 0.00
2011 0.79 0.60 0.00 0.20
2010 0.27 0.27 0.00 0.00
2009 0.35 0.35 0.00 0.00
2008 0.78 0.78 0.00 0.00
2007 0.82 0.00 0.11 0.71
2006 0.98 0.00 0.27 0.71
2005 0.92 0.00 0.14 0.77
2004 0.18 0.00 - 0.18
2001 0.01 0.00 0.01 -
2000 1.69 0.00 0.40 1.28
1999 1.13 0.00 0.64 0.49
1998 1.05 0.00 0.09 0.96
1997 1.20 0.00 0.26 0.46
1989 0.20 0.00 - 0.20

Past distributions are not indicative of future distributions.



The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.

Holdings

as of 30-Jun-2014

Name Weight (%)
Procter & Gamble 0.80
Apple 0.80
Wells Fargo 0.80
Visa 0.70
Roche Holding 0.70
Siemens 0.60
Nestle 0.60
Safran 0.60
Freeport McMoran Copper & Gold 0.60
Comcast 0.60
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.

Exposure Breakdowns

Asset Class as of 30-June-2014

*% of Market Value

Region as of 30-June-2014

*% of Market Value

Sector - Equity as of 30-June-2014

*% of Market Value

Sector - Fixed Income as of 30-June-2014

*% of Market Value

Currency as of 30-June-2014

*% of Market Value

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Ratings

KEY FACTS

Size of Fund (Millions) $58,994.7 M
Size of Class (Millions)

as of 31-Jul-2014

$21,906.6 M
Inception Date Feb 3, 1989
Asset Class MultiAsset
Morningstar Category World Allocation
Lipper Classification Global Flex Port Funds
CUSIP 09251T509
Benchmark Index 36% S&P 500, 24% FTSE World (ex US), 24% BofA ML Current 5-Year US Treasury Index, 16% Citigroup Non-USD World Govt Bond Index

Total Expense Ratio 0.88%
Net, Including Investment Related Expenses   0.79%
Net, Excluding Investment Related Expenses 0.78%

Max Offer Price

as of 31-Jul-2014

$21.82
Distribution Frequency   Semi-Annual
Number of Issuers 547
Turnover Percent 50%
Open to New Investors Yes

PORTFOLIO CHARACTERISTICS

Alpha (3y)  

as of 30-Jun-2014

-0.13
R-Squared (3y)  

as of 30-Jun-2014

95.07
Beta (3y)  

as of 30-Jun-2014

1.12

Best 3-Month Return Over the Last 3 Years

3 months ending 31-Mar-2012

8.17%
Worst 3-Month Return Over the Last 3 Years

3 months ending 30-Sep-2011

-10.80%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please click on the "Returns" tab above.

More Products

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. Read the prospectus carefully before investing.

The fund is actively managed and its characteristics will vary.

Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions.

International investing involves special risks including, but not limited to currency fluctuations, illiquidity and volatility. These risks may be heightened for investments in emerging markets.

Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments.

Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher rated securities.

Asset allocation strategies do not assure profit and do not protect against loss.

The fund may use derivatives to hedge its investments or to seek to enhance returns. Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility.

Short-selling entails special risks. If the fund makes short sales in securities that increase in value, the fund will lose value. Any loss on short positions may or may not be offset by investing short-sale proceeds in other investments.

Performance results reflect past performance and are no guarantee of future results. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of all dividends. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Current performance may be lower or higher than the performance data quoted.

Investing involves risk, including possible loss of principal.

The Fund is actively managed and its composition will vary. Fund details, holdings and characteristics are as of the date noted and subject to change.

Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period.

Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. Those distributions temporarily cause extraordinarily high yields. There is no assurance that a fund will repeat that yield in the future. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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USR-3384