PERFORMANCE


Cum. Fund Perf. Since Inception: 62.67%

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.  
6.07 3.37 4.95 4.99 4.76
Benchmark (%)   5.66 2.91 - - 4.07
Morningstar Category Avg. (%)   6.19 3.67 5.30 4.56 -
Lipper Category Avg. (%)   6.11 3.48 5.13 4.35 -
as of
  YTD 1m 3m 1y 3y 5y 10y Incept.  
5.25 1.17 1.12 6.07 10.45 27.32 62.69 62.67
Benchmark (%)   4.81 1.10 0.90 5.66 9.00 - - 14.99
Morningstar Category Avg. (%)   4.80 0.96 0.85 6.19 11.42 29.47 56.21 -
Lipper Category Avg. (%)   4.84 0.96 0.84 6.11 10.84 28.58 53.61 -
Lipper Ranking   268/529 251/469
as of
  2009 2010 2011 2012 2013
Total Return (%)   - - - 4.82 -2.44
Benchmark (%)   - - 7.45 4.21 -2.02
Morningstar Category Avg. (%)   13.97 7.72 5.86 7.01 -1.42


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 of Capital
Aug 31, 2014 Aug 31, 2014 Aug 31, 2014 $0.022000 - - - -
Jul 31, 2014 Jul 31, 2014 Jul 31, 2014 $0.021800 - - - -
Jun 30, 2014 Jun 30, 2014 Jun 30, 2014 $0.022800 - - - -
May 31, 2014 May 31, 2014 May 31, 2014 $0.022800 - - - -
Apr 30, 2014 Apr 30, 2014 Apr 30, 2014 $0.023900 - - - -
Mar 31, 2014 Mar 31, 2014 Mar 31, 2014 $0.024400 - - - -
Feb 28, 2014 Feb 28, 2014 Feb 28, 2014 $0.022900 - - - -
Jan 31, 2014 Jan 31, 2014 Jan 31, 2014 $0.020900 - - - -
Dec 31, 2013 Dec 31, 2013 Dec 31, 2013 $0.020602 $0.019106 $0.000000 $0.000000 $0.001497
Dec 11, 2013 Dec 11, 2013 Dec 11, 2013 $0.004532 $0.000000 $0.000000 $0.004532 $0.000000
Nov 29, 2013 Nov 29, 2013 Nov 29, 2013 $0.021423 $0.019867 $0.000000 $0.000000 $0.001556
Oct 31, 2013 Oct 31, 2013 Oct 31, 2013 $0.021315 $0.019766 $0.000000 $0.000000 $0.001548
Sep 30, 2013 Sep 30, 2013 Sep 30, 2013 $0.021816 $0.020231 $0.000000 $0.000000 $0.001585
Aug 30, 2013 Aug 30, 2013 Aug 30, 2013 $0.021611 $0.020041 $0.000000 $0.000000 $0.001570
Jul 31, 2013 Jul 31, 2013 Jul 31, 2013 $0.021086 $0.019554 $0.000000 $0.000000 $0.001532
Jun 28, 2013 Jun 28, 2013 Jun 28, 2013 $0.021293 $0.019746 $0.000000 $0.000000 $0.001547
May 31, 2013 May 31, 2013 May 31, 2013 $0.023256 $0.021567 $0.000000 $0.000000 $0.001689
Apr 30, 2013 Apr 30, 2013 Apr 30, 2013 $0.023698 $0.021977 $0.000000 $0.000000 $0.001721
Mar 28, 2013 Mar 28, 2013 Mar 28, 2013 $0.023986 $0.022243 $0.000000 $0.000000 $0.001742
Feb 28, 2013 Feb 28, 2013 Feb 28, 2013 $0.023841 $0.022109 $0.000000 $0.000000 $0.001732
Jan 31, 2013 Jan 31, 2013 Jan 31, 2013 $0.022670 $0.021023 $0.000000 $0.000000 $0.001647
Dec 31, 2012 Dec 31, 2012 Dec 31, 2012 $0.023722 $0.020963 $0.000000 $0.000000 $0.002759
Dec 12, 2012 Dec 12, 2012 Dec 12, 2012 $0.000000 $0.000000 $0.000000 $0.000000 $0.000000
Nov 30, 2012 Nov 30, 2012 Nov 30, 2012 $0.023292 $0.020583 $0.000000 $0.000000 $0.002709
Oct 31, 2012 Oct 31, 2012 Oct 31, 2012 $0.022920 $0.020254 $0.000000 $0.000000 $0.002666
Sep 28, 2012 Sep 28, 2012 Sep 28, 2012 $0.022137 $0.019562 $0.000000 $0.000000 $0.002575
Aug 31, 2012 Aug 31, 2012 Aug 31, 2012 $0.023739 $0.020978 $0.000000 $0.000000 $0.002761
Jul 31, 2012 Jul 31, 2012 Jul 31, 2012 $0.024149 $0.021340 $0.000000 $0.000000 $0.002809
Jun 29, 2012 Jun 29, 2012 Jun 29, 2012 $0.025050 $0.022136 $0.000000 $0.000000 $0.002914
May 31, 2012 May 31, 2012 May 31, 2012 $0.024606 $0.021744 $0.000000 $0.000000 $0.002862
Apr 30, 2012 Apr 30, 2012 Apr 30, 2012 $0.024262 $0.021440 $0.000000 $0.000000 $0.002822
Mar 30, 2012 Mar 30, 2012 Mar 30, 2012 $0.023061 $0.020379 $0.000000 $0.000000 $0.002682
Feb 29, 2012 Feb 29, 2012 Feb 29, 2012 $0.021131 $0.018673 $0.000000 $0.000000 $0.002458
Jan 31, 2012 Jan 31, 2012 Jan 31, 2012 $0.022824 $0.020169 $0.000000 $0.000000 $0.002655

Interactive chart displaying fund performance. Javascript is required.

Year Total Distribution   Income ST Cap Gains LT Cap Gains
2013 0.27 0.25 0.00 0.00
2012 0.28 0.25 0.00 0.00

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 29-Aug-2014

Name Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 16.02
UNITED STATES TREASURY 15.12
FEDERAL HOME LOAN MORTGAGE CORPORATION - GOLD 7.02
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 4.89
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 1.54
MORGAN STANLEY 1.14
GOLDMAN SACHS GROUP INC/THE 1.03
BANK OF AMERICA CORP 0.90
VERIZON COMMUNICATIONS INC 0.89
JPMORGAN CHASE & CO 0.82
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

as of 29-Aug-2014

% Notional Exposures  

United States

97.7%

90.4%

Germany

3.5%

0.8%

Australia

2.6%

0.2%

Mexico

0.6%

0.6%

France

0.6%

0.4%

European Union

0.6%

-

China

0.4%

0.1%

Switzerland

0.4%

0.3%

Netherlands

0.4%

0.3%

Tunisia

0.4%

-

  • Fund

  • Benchmark

as of 29-Aug-2014

% Notional Exposures  

North America

97.4%

91.9%

Europe

5.7%

3.4%

Asia Pacific Basin

2.8%

0.6%

Emerging Markets

2.1%

2.5%

World

-

1.6%

Net Derivatives

-3.4%

-

Cash

-4.6%

-

  • Fund

  • Benchmark

Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 29-Aug-2014

% Notional Exposures  

Agency Mortgages

30.2%

28.8%

Securitized Products

22.9%

2.6%

US Government Related

21.4%

38.9%

Investment Grade Credit

21.0%

20.2%

Non-US Developed

8.2%

7.2%

High Yield

2.9%

-

Emerging Markets

1.3%

2.3%

Net Derivatives

-3.4%

-

Cash

-4.6%

-

  • Fund

  • Benchmark

as of 29-Aug-2014

% Notional Exposures  

USD

101.1%

100.0%

JPY

0.9%

-

NZD

0.6%

-

GBP

0.6%

-

NOK

0.3%

-

CAD

0.0%

-

AUD

-1.2%

-

EUR

-1.2%

-

SEK

-1.3%

-

  • Fund

  • Benchmark

as of 29-Aug-2014

% Market Value

Cash

-4.6%

-

Derivatives

0.0%

-

0 - 1 Years

9.3%

0.3%

1 - 2 Years

12.4%

12.2%

2 - 3 Years

9.1%

11.8%

3 - 5 Years

27.6%

26.5%

5 - 7 Years

20.2%

18.6%

7 - 10 Years

12.1%

17.2%

10 - 15 Years

1.4%

1.4%

15 - 20 Years

1.6%

1.7%

  • Fund

  • Benchmark

as of 29-Aug-2014

% Market Value

Cash

-4.6%

-

Derivatives

0.0%

-

AAA Rated

56.0%

72.4%

AA rated

9.1%

4.0%

A Rated

17.4%

11.5%

BBB Rated

17.5%

12.2%

BB Rated

1.9%

-

B Rated

0.8%

-

CCC Rated

0.6%

-

D Rated

-

-

  • Fund

  • Benchmark

The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

as of 29-Aug-2014

% Market Value

Fixed Income

104.4%

100.0%

Equity

0.2%

-

Derivatives

0.0%

-

Cash

-4.6%

-

  • Fund

  • Benchmark

Allocations subject to change.
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.

Allocations are subject to change.

Ratings

KEY FACTS

Size of Fund (Millions)

as of 29-Sep-2014

$138.6 M
Size of Class (Millions)

as of 29-Sep-2014

$136.9 M
Inception Date Feb 28, 2011
Asset Class Fixed Income
Morningstar Category Intermediate-Term Bond
Lipper Classification Core Bond Funds
CUSIP 066922139
Benchmark Index Barclays U.S. Aggregate Index

Total Expense Ratio 0.36%
Net, Including Investment Related Expenses   0.34%
Net, Excluding Investment Related Expenses 0.34%

Max Offer Price

as of 29-Sep-2014

$10.45
Distribution Frequency   Monthly
Number of Holdings

as of 29-Aug-2014

940
Turnover Percent

as of 31-Aug-2014

986%
Open to New Investors Yes

PORTFOLIO CHARACTERISTICS

30 Day SEC Yield  

as of 30-Jun-2014

2.30%
Unsubsidized 30-Day SEC Yield  

as of 30-Jun-2014

2.28%

Average Coupon

as of 29-Aug-2014

4.07%
Weighted Average Life  

as of 29-Aug-2014

7.13 yrs
Model Duration  

as of 29-Aug-2014

5.74 yrs
Yield to Maturity  

as of 29-Aug-2014

2.62%
Yield to Worst  

as of 29-Aug-2014

2.59%

Best 3-Month Return Over the Last 3 Years

3 months ending 31-Jul-2012

2.51%
Worst 3-Month Return Over the Last 3 Years

3 months ending 31-Jul-2013

-3.76%

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

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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 invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares.

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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