PERFORMANCE



The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.



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.

Ex-Date Payable Date Record Date Total Distribution   Income ST Cap Gains LT Cap Gains Return of Capital

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 27-Aug-2015

Issuer Weight (%)

as of 27-Aug-2015

Name Weight (%) ISIN Sector SEDOL Market Value Price Maturity Coupon (%) Duration Notional Value YTM (%) Yield to Call (%) Yield to Worst (%) Par Value
FNMA 16.24 US31359MEL37 Owned No Guarantee B3KS349 $92,363,309 98.70 Jun 1, 2017 0.00 1.76 92,363,309.12 0.74 - 0.74 93,577,000.00
FHLB 11.20 US3130A3J704 Government Sponsored BSP6417 $63,690,617 100.14 Nov 23, 2016 0.63 1.23 63,690,617.12 0.51 - 0.51 63,500,000.00
FHLMC 6.33 US3137EADP18 Owned No Guarantee B9DKC47 $35,997,172 99.85 Mar 7, 2018 0.88 2.48 35,997,171.58 0.94 - 0.94 35,900,000.00
FHLMC MTN 4.75 US3137EADG19 Owned No Guarantee B810P09 $27,019,114 101.54 May 30, 2019 1.75 3.62 27,019,113.71 1.33 - 1.33 26,500,000.00
FNMA BENCHMARK NOTES 4.41 US3135G0E338 Owned No Guarantee - $25,076,782 100.18 Jul 20, 2018 1.13 2.84 25,076,781.50 1.06 - 1.06 25,000,000.00
FREDDIE REFERENCE BOND 3.74 US3134A4AA29 Owned No Guarantee 7042704 $21,266,905 145.03 Mar 15, 2031 6.75 10.41 21,266,904.91 3.08 - 3.08 14,360,000.00
USD CASH 2.79 - Cash and/or Derivatives - $15,838,392 100.00 Aug 28, 2015 0.20 0.00 15,838,392.45 0.20 - 0.20 15,838,392.00
AID-ISRAEL 2.75 US46513EFF43 Government Guaranteed B4QZC00 $15,627,632 122.54 Sep 18, 2023 5.50 6.56 15,627,631.82 2.41 - 2.41 12,500,000.00
FHLB 2.69 US313371PV20 Government Sponsored - $15,281,511 101.39 Dec 9, 2016 1.63 1.27 15,281,510.72 0.54 - 0.54 15,020,000.00
FNMA 2.46 US3135G0XZ13 Owned No Guarantee - $13,985,155 100.01 Jun 20, 2018 1.25 0.83 13,985,154.96 1.25 - 1.17 13,952,000.00
Name ISIN SEDOL Weight (%) Sector Asset Class Market Value Price Coupon (%) Maturity Duration YTM (%) Notional Value Yield to Call (%) Yield to Worst (%) Par Value
Holdings are subject to change.

Exposure Breakdowns

as of 27-Aug-2015

% of Market Value

Owned No Guarantee

66.63%

Government Sponsored

23.95%

Government Guaranteed

6.34%

Cash and/or Derivatives

3.07%

Financial Other

0.02%

as of 27-Aug-2015

  • 37
  • 29
  • 22
  • 15
  • 07
  • 0

3.07

5.56

36.59

18.56

18.24

2.51

5.44

2.15

6.37

1.50

  • Cash and/or Derivatives

  • 0 - 1 Year

  • 1 - 2 Years

  • 2 - 3 Years

  • 3 - 5 Years

  • 5 - 7 Years

  • 7 - 10 Years

  • 10 - 15 Years

  • 15 - 20 Years

  • 20+ Years

The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of 27-Aug-2015

% of Market Value

Cash and/or Derivatives

3.07%

AAA Rated

94.03%

AA Rated

2.80%

A Rated

0.11%

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.
Allocations are subject to change.

KEY FACTS

Net Assets

as of 28-Aug-2015

$567,986,747
Asset Class Fixed Income
Exchange NYSE Arca
Benchmark Index Barclays U.S. Agency Bond Index
Index Ticker LUAASIUU
Inception Date Nov 5, 2008

Shares Outstanding 5,000,000
CUSIP 464288166
Number of Holdings  

as of 27-Aug-2015

112
Closing Price  

as of 28-Aug-2015

113.82
Mid-Point Price  

as of 28-Aug-2015

113.85
Daily Volume  

as of 28-Aug-2015

6,745
20 Day Avg. Volume   3,442
Premium/Discount  

as of 28-Aug-2015

0.22%
Options Available No

FEES as of 28-Feb-2014

Expense Ratio  

0.20%

PORTFOLIO CHARACTERISTICS

Equity Beta  

as of 31-Jul-2015

-0.07
Standard Deviation (3y)  

as of 31-Jul-2015

1.86%

12m Trailing Yield  

as of 27-Aug-2015

1.30%
Distribution Yield  

as of 27-Aug-2015

1.27%
30 Day SEC Yield  

as of 27-Aug-2015

1.10%

Weighted Avg Coupon  

as of 27-Aug-2015

1.74%
Weighted Avg Maturity  

as of 27-Aug-2015

4.01 yrs
Weighted Avg YTM  

as of 27-Aug-2015

1.24%
Effective Duration  

as of 27-Aug-2015

3.34 yrs
Option Adjusted Spread  

as of 27-Aug-2015

17 bps

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 Fund prospectus pages. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

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.

An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency and its return and yield will fluctuate with market conditions.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.

Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Certain sectors and markets perform exceptionally well based on current market conditions and iShares Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated.

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

Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided “as is” and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.



The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Cohen & Steers Capital Management, Inc., European Public Real Estate Association (“EPRA® ”), FTSE International Limited (“FTSE”), India Index Services & Products Limited, JPMorgan Chase & Co., MSCI Inc., Markit Indices Limited, Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts (“NAREIT”), New York Stock Exchange, Inc., Russell Investment Group or S&P Dow Jones Indices LLC, nor are they sponsored, endorsed or issued by Barclays Capital Inc. None of these companies make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with the companies listed above.

Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Real Estate 50 Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Global REIT Index or FTSE EPRA/NAREIT Developed Asia Index; all rights vest in FTSE, NAREIT and EPRA.“FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under license.

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