PERFORMANCE


Cum. Fund Perf. Since Inception: 64.52%

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.


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

Interactive chart displaying fund performance. Javascript is required.

Year Total Distribution   Income ST Cap Gains LT Cap Gains

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 31-Dec-2014

Name Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 19.62
UNITED STATES TREASURY 8.77
FEDERAL HOME LOAN MORTGAGE CORPORATION - GOLD 7.06
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 6.65
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION I 1.70
MORGAN STANLEY 1.31
GOLDMAN SACHS GROUP INC/THE 1.16
VERIZON COMMUNICATIONS INC 1.06
BANK OF AMERICA CORP 0.95
FEDERAL HOME LOAN MORTGAGE CORPORATION 0.91
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 31-Dec-2014

% Notional Exposures  

Agency Mortgages

35.6%

28.8%

Investment Grade Credit

31.6%

20.2%

Securitized Products

29.4%

2.6%

US Government Related

13.9%

39.2%

Non-US Developed

9.0%

7.0%

High Yield

3.0%

-

Emerging Markets

2.1%

2.3%

Other

0.8%

-

Net Derivatives

-8.3%

-

Cash

-16.9%

-

  • Fund

  • Benchmark

as of 31-Dec-2014

% Notional Exposures  

North America

116.2%

92.0%

Asia Pacific Basin

6.4%

0.6%

Emerging Markets

2.4%

2.5%

Europe

0.2%

3.3%

World

-

1.6%

Net Derivatives

-8.3%

-

Cash

-16.9%

-

  • Fund

  • Benchmark

as of 31-Dec-2014

% Notional Exposures  

United States

113.7%

90.6%

Australia

6.2%

0.2%

Canada

2.3%

1.4%

European Union

1.5%

-

China

0.8%

0.2%

Mexico

0.7%

0.6%

Switzerland

0.6%

0.3%

Ireland

0.5%

0.0%

Brazil

0.4%

0.5%

United Kingdom

0.4%

0.9%

  • 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 31-Dec-2014

% Notional Exposures  

USD

102.5%

100.0%

SEK

0.3%

-

NOK

0.3%

-

JPY

0.0%

-

AUD

-0.1%

-

NZD

-0.4%

-

GBP

-0.5%

-

CAD

-0.5%

-

EUR

-1.6%

-

  • Fund

  • Benchmark

as of 31-Dec-2014

% Market Value

Cash

-16.9%

-

Derivatives

0.0%

-

0 - 1 Years

15.4%

0.2%

1 - 2 Years

13.2%

12.8%

2 - 3 Years

10.5%

11.5%

3 - 5 Years

38.3%

30.2%

5 - 7 Years

14.2%

17.8%

7 - 10 Years

11.1%

13.5%

10 - 15 Years

2.4%

1.6%

15 - 20 Years

2.3%

1.7%

  • Fund

  • Benchmark

as of 31-Dec-2014

% Market Value

Cash

-16.9%

-

Derivatives

0.0%

-

AAA Rated

59.5%

72.6%

AA rated

10.2%

3.6%

A Rated

22.2%

11.8%

BBB Rated

19.2%

11.9%

BB Rated

2.4%

-

B Rated

0.7%

-

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 31-Dec-2014

% Market Value

Fixed Income

116.7%

100.0%

Equity

0.3%

-

Derivatives

0.0%

-

Cash

-16.9%

-

  • 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

  • Lipper Leader Ratings
  • Preservation   :
     
  • Expense   :
     
  • Tax Efficiency   :
     
  • Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of 31-Dec-2014 out of 449, 5,045, 454, 232 and 454 Funds, respectively in Lipper's Core Bond Funds classification.

KEY FACTS

Size of Fund (Millions)

as of 30-Jan-2015

$202.5 M
Size of Class (Millions)

as of 30-Jan-2015

$199.9 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 30-Jan-2015

$10.79
Distribution Frequency   Monthly
Number of Holdings

as of 31-Dec-2014

935
Turnover Percent

as of 31-Dec-2014

986%
Open to New Investors Yes

PORTFOLIO CHARACTERISTICS

30 Day SEC Yield  

as of 31-Oct-2014

2.16%
Unsubsidized 30-Day SEC Yield  

as of 31-Oct-2014

2.15%

Average Coupon

as of 31-Dec-2014

4.15%
Weighted Average Life  

as of 31-Dec-2014

7.19 yrs
Model Duration  

as of 31-Dec-2014

6.23 yrs
Yield to Maturity  

as of 31-Dec-2014

2.71%
Yield to Worst  

as of 31-Dec-2014

2.70%

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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