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.
as of
  1y 3y 5y 10y Incept.
4.36 - - - 0.60
Market Price (%)   4.62 - - - 0.92
Benchmark (%)   4.09 - - - 0.68
After Tax Pre-Liq. (%)   3.42 - - - -0.22
After Tax Post-Liq. (%)   2.46 - - - 0.08
as of
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.72 -0.80 -0.20 2.10 4.36 - - - 0.88
Market Price (%)   3.63 -0.68 -0.27 1.97 4.62 - - - 1.35
Benchmark (%)   3.54 -0.79 -0.18 1.84 4.09 - - - 0.99
After Tax Pre-Liq. (%)   3.09 -0.87 -0.42 1.62 3.42 - - - -0.32
After Tax Post-Liq. (%)   2.11 -0.45 -0.11 1.19 2.46 - - - 0.12
as of
  2009 2010 2011 2012 2013

Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. The price of the investments may go up or down and the investor may not get back the amount invested.

Source: BlackRock.  Performance data is displayed on a Net Asset Value basis, net of fees. Brokerage or transaction fees will apply.

Ex-Date Payable Date Record Date Total Distribution   Income ST Cap Gains LT Cap Gains Return on Capital
Oct 1, 2014 Oct 7, 2014 Oct 3, 2014 $0.174272 - - - -
Sep 2, 2014 Sep 8, 2014 Sep 4, 2014 $0.172732 - - - -
Aug 1, 2014 Aug 7, 2014 Aug 5, 2014 $0.174621 - - - -
Jul 1, 2014 Jul 8, 2014 Jul 3, 2014 $0.172176 - - - -
Jun 2, 2014 Jun 6, 2014 Jun 4, 2014 $0.174627 - - - -
May 1, 2014 May 7, 2014 May 5, 2014 $0.181127 - - - -
Apr 1, 2014 Apr 7, 2014 Apr 3, 2014 $0.166858 - - - -
Mar 3, 2014 Mar 7, 2014 Mar 5, 2014 $0.170904 - - - -
Feb 3, 2014 Feb 7, 2014 Feb 5, 2014 $0.163895 - - - -
Dec 26, 2013 Jan 2, 2014 Dec 30, 2013 $0.171592 $0.171592 $0.000000 $0.000000 $0.000000
Dec 2, 2013 Dec 6, 2013 Dec 4, 2013 $0.163515 $0.163515 $0.000000 $0.000000 $0.000000
Nov 1, 2013 Nov 7, 2013 Nov 5, 2013 $0.157113 $0.157113 $0.000000 $0.000000 $0.000000
Oct 1, 2013 Oct 7, 2013 Oct 3, 2013 $0.155037 $0.155037 $0.000000 $0.000000 $0.000000
Sep 3, 2013 Sep 9, 2013 Sep 5, 2013 $0.140261 $0.140261 $0.000000 $0.000000 $0.000000
Aug 1, 2013 Aug 7, 2013 Aug 5, 2013 $0.151165 $0.151165 $0.000000 $0.000000 $0.000000
Jul 1, 2013 Jul 8, 2013 Jul 3, 2013 $0.154988 $0.154988 $0.000000 $0.000000 $0.000000
Jun 3, 2013 Jun 7, 2013 Jun 5, 2013 $0.188125 $0.188125 $0.000000 $0.000000 $0.000000

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.
Greatest Premium  

Sep 12, 2014

Greatest Discount  


Days ± 0.5% of NAV 51
Percent ± 0.5% of NAV 79.69%
Select a Quarter   

Number of Days At:

Premium   64
NAV   0
Discount   0

Premium/Discount Range

# of Days

≥ 0.5 up to 1.0


≥ 0.0 up to 0.5


Chart Description  

Why is there a difference between NAV and Closing Price?  

Possible Timing Discrepancies  


as of 21-Oct-2014

Holding Weight (%) Market Value Sector Shares Price Exchange



2.47 $1,345,387 Industrial 1,125,000 119.59 Non-Nms Quotation Service (Nnqs)



2.44 $1,328,479 Industrial 1,170,000 113.55 -



2.37 $1,288,885 Industrial 1,135,000 113.56 Non-Nms Quotation Service (Nnqs)



2.33 $1,267,278 Industrial 1,250,000 101.38 -



2.31 $1,255,188 Industrial 1,125,000 111.57 Non-Nms Quotation Service (Nnqs)



2.05 $1,116,150 Industrial 975,000 114.48 Non-Nms Quotation Service (Nnqs)



1.99 $1,084,246 Industrial 840,000 129.08 -



1.89 $1,028,782 Industrial 925,000 111.22 -



1.81 $982,977 Industrial 885,000 111.07 Luxembourg Stock Exchange



1.78 $968,553 Industrial 855,000 113.28 Non-Nms Quotation Service (Nnqs)
Ticker Name Weight (%) Sector Market Value Shares Price Exchange
Holdings are subject to change.

Exposure Breakdowns

as of 21-Oct-2014

% of Market Value







as of 21-Oct-2014

  • 65
  • 52
  • 39
  • 26
  • 13
  • 0



  • 1 - 5 Years

  • 5 - 10 Years

Allocations are subject to change.


Net Assets

as of 22-Oct-2014

Inception Date Apr 17, 2013
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index Barclays 2020 Maturity High Quality Corporate
Index Ticker BM20TRUU

Fund Credit Rating - S&P   A-f

Shares Outstanding 550,000
Number of Holdings

as of 21-Oct-2014

Closing Price  

as of 21-Oct-2014

20 Day Avg. Volume   363

as of 22-Oct-2014

Options Available No

FEES as of 31-Oct
Expense Ratio   0.10%

For more information on S&P fund credit ratings, please click here.

NAIC Designated (Schedule D Eligible)


Equity Beta  

as of 30-Sep-2014

Standard Deviation (3y)  

as of -


12m Trailing Yield  

as of 21-Oct-2014

Distribution Yield  

as of 21-Oct-2014

30 Day SEC Yield  

as of 21-Oct-2014


Weighted Avg Coupon  

as of 21-Oct-2014

Weighted Average Life  

as of 21-Oct-2014

4.82 yrs
Effective Duration  

as of 21-Oct-2014

4.33 yrs
Weighted Avg YTM  

as of 21-Oct-2014

Option Adjusted Spread  

as of 21-Oct-2014

78 bps

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

Estimated Net Acquisition Yield Calculator

Calculate the Estimated Net Acquisition Yield (ENA Yield) based on the projected market purchase price that you input. This estimate also reflects the deduction of the expense ratio (10 basis points).
The NAV (as of 22-Oct-2014) used in the calculation is $98.82. The value you enter should correspond to your estimated market purchase price as of 22-Oct-2014.
Please note that the results generated by the Estimated Net Acquisition Yield Calculator are for illustrative purposes only and are not representative of any specific investment outcome.
The Average Yield to Maturity shown is the weighted average yield to maturity of the individual bonds. During the final year of the fund's life, the underlying bonds will mature and the proceeds will be held in cash equivalents until the liquidation of the fund. The investor's total realized yield to fund maturity will be influenced by the yield earned on these proceeds during the final year. If the future yield on cash equivalents is lower than the current Average Yield to Maturity for the portfolio’s bonds, the realized yield to fund maturity is also expected to be lower and vice versa.

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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.

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.

Funds that concentrate investments in a single sector will be more susceptible to factors affecting that sector and more volatile than funds that invest in many different sectors.

The iShares® iBonds® ETFs ("Funds") will terminate on or about March 31 of the year in each Fund’s name. An investment in the Fund(s) is not guaranteed, and an investor may experience losses, including near or at the termination date. Unlike a direct investment in a bond that has a level coupon payment and a fixed payment at maturity, the Fund(s) will make distributions of income that vary over time. In the final months of each Fund’s operation, as the bonds it holds mature, its portfolio will transition to cash and cash-like instruments. As a result, its yield will tend to move toward prevailing money market rates, and may be lower than the yields of the bonds previously held by the Fund and lower than prevailing yields in the bond market.

Following the Fund’s termination date, the Fund will distribute substantially all of its net assets, after deduction of any liabilities, to then-current investors without further notice and will no longer be listed or traded. The Funds’ distributions and liquidation proceeds are not predictable at the time of investment and the Funds do not seek to return any predetermined amount.

The rate of Fund distribution payments may adversely affect the tax characterization of an investor’s returns from an investment in the Fund relative to a direct investment in bonds. If the amount an investor receives as liquidation proceeds upon the Fund’s termination is higher or lower than the investor’s cost basis, the investor may experience a gain or loss for tax purposes.

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”).

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. Index data related to the underlying indexes is provided by the respective companies above.

Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Real Estate 50 Index, FTSE NAREIT Residential Plus Capped Index, FTSE NAREIT Industrial/Office 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-US 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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