PERFORMANCE


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.  
7.16 - - - 10.18
1.53 - - - 6.30
Benchmark (%)   4.58 - - - 10.20
Morningstar Category Avg. (%)   3.72 9.67 27.17 7.51 -
Lipper Category Avg. (%)   3.66 9.73 27.32 7.47 -
  YTD 1m 3m 1y 3y 5y 10y Incept.  
10.80 1.10 10.80 7.16 - - - 15.69
4.98 -4.21 4.98 1.53 - - - 9.62
Benchmark (%)   10.15 0.58 10.15 4.58 - - - 15.74
Lipper Ranking  
Morningstar Category Avg. (%)   9.05 0.64 9.05 3.72 31.90 232.63 106.35 -
Lipper Category Avg. (%)   9.03 0.66 9.03 3.66 32.22 236.22 107.70 -
  2009 2010 2011 2012 2013
Total Return (%)   - - - - 2.43
Annual w/ Sales Charge (%)   - - - - -2.95
Benchmark (%)   - - - 2.55 2.46
Morningstar Category Avg. (%)   31.26 27.08 7.51 17.60 1.55


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 on Capital
Apr 16, 2014 Apr 15, 2014 Apr 16, 2014 $0.029545 - - - -
Dec 11, 2013 Dec 10, 2013 Dec 11, 2013 $0.112858 - - - -
Oct 17, 2013 Oct 16, 2013 Oct 17, 2013 $0.074541 - - - -
Apr 17, 2013 Apr 16, 2013 Apr 17, 2013 $0.062702 - - - -
Dec 13, 2012 Dec 12, 2012 Dec 13, 2012 $0.009766 - - - -

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

Top Holdings as of 31-Mar-2014

% of Market Value

Exposure Breakdowns

Country as of 31-Mar-2014

% of Market Value

Sector as of 31-Mar-2014

% of Market Value

Market Cap - Fund as of 31-Mar-2014

% of Market Value

KEY FACTS

Size of Fund (Millions)

as of 22-Apr-2014

$14.8 M
Size of Class (Millions)

as of 22-Apr-2014

$4.7 M
Inception Date Sep 28, 2012
Asset Class Alternative
Morningstar Category Real Estate
Lipper Classification Real Estate Funds
CUSIP 091936617
Benchmark Index FTSE EPRA/NAREIT United States Index (USD)

Total Expense Ratio 4.44%
Net, Including Investment Related Expenses   1.30%
Net, Excluding Investment Related Expenses 1.30%

Max Offer Price

as of 22-Apr-2014

$11.58
Distribution Frequency   Annual
Number of Holdings

as of 31-Mar-2014

40
Turnover Percent

as of -

-
Open to New Investors Yes

PORTFOLIO CHARACTERISTICS

30 Day SEC Yield  

as of -

-
Unsubsidized Yield

as of -

-

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

More Products

No recently viewed funds available

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

Non-diversification of investments means that more assets are potentially invested in fewer securities than if investments were diversified, so risk is increased because each investment has a greater effect on performance.

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.

Investing in small- and mid-cap companies may entail greater risk than large-cap companies, due to shorter operating histories, less seasoned management or lower trading volumes.

If interest rates rise, the value of convertible securities usually falls. Convertible securities are subject to the risk that the issuer will not pay interest or dividends and their market value may change based on their credit rating or the perception of their creditworthiness. A convertible security also is subject to the same risks as common stock.

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”).

©2014 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, ALADDIN, iSHARES, iSHARESBONDS, iSHARES CONNECT, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

USR-3384