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.
as of
  1y 3y 5y 10y Incept.
- - - - -
Market Price (%)   - - - - -
Benchmark (%)   - - - - -
After Tax Pre-Liq. (%)   - - - - -
After Tax Post-Liq. (%)   - - - - -
as of
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.72 0.49 1.25 2.72 - - - - 4.43
Market Price (%)   2.42 0.59 1.04 2.42 - - - - 4.69
Benchmark (%)   2.79 0.51 1.25 2.79 - - - - 4.54
After Tax Pre-Liq. (%)   2.01 0.35 0.83 2.01 - - - - 3.33
After Tax Post-Liq. (%)   1.53 0.28 0.70 1.53 - - - - 2.50
as of
  2010 2011 2012 2013 2014


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
Aug 1, 2014 Aug 7, 2014 Aug 5, 2014 $0.175165 - - - -
Jul 1, 2014 Jul 8, 2014 Jul 3, 2014 $0.185028 - - - -
Jun 2, 2014 Jun 6, 2014 Jun 4, 2014 $0.169041 - - - -
May 1, 2014 May 7, 2014 May 5, 2014 $0.160910 - - - -
Apr 1, 2014 Apr 7, 2014 Apr 3, 2014 $0.146856 - - - -
Mar 3, 2014 Mar 7, 2014 Mar 5, 2014 $0.159077 - - - -
Feb 3, 2014 Feb 7, 2014 Feb 5, 2014 $0.166578 - - - -
Dec 26, 2013 Jan 2, 2014 Dec 30, 2013 $0.179186 $0.179186 $0.000000 $0.000000 $0.000000
Dec 2, 2013 Dec 6, 2013 Dec 4, 2013 $0.250662 $0.250662 $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  

May 7, 2014

0.53%
Greatest Discount  

-

0.00%
Days ± 0.5% of NAV 61
Percent ± 0.5% of NAV 98.39%
Select a Quarter   

Number of Days At:

Premium   62
NAV   0
Discount   0

Premium/Discount Range

# of Days

≥ 0.5 up to 1.0

1

≥ 0.0 up to 0.5

61

Chart Description  

Why is there a difference between NAV and Closing Price?  

Possible Timing Discrepancies  

Holdings

Issuer Weight (%)

as of 27-Aug-2014

Holding ISIN SEDOL Weight (%) Market Value Coupon (%) Maturity Duration Price YTM (%) Yield to Call (%) Yield to Worst (%)
holding-image

SPRINT NEXTEL CORPORATION

Telecommunications

US852061AK63 B4059B6 1.11 $948,000 9.00 Nov 15, 2018 3.56 118.50 4.17 - 4.17
holding-image

BLK CSH FND TREASURY SL AGENCY

-

US0669224778 - 0.95 $811,274 0.16 - 0.00 1.00 0.16 - 0.16
holding-image

NUMERICABLE GROUP SA

Telecommunications

US67054LAA52 BLWP4M9 0.83 $710,500 4.88 May 15, 2019 3.95 101.50 4.51 - 4.43
holding-image

SLM CORPORATION

Financials

US78442FEH73 B39XYY2 0.82 $698,928 8.45 Jun 15, 2018 3.30 116.49 3.75 - 3.75
holding-image

CHRYSLER GROUP LLC

Consumer Goods

US17121EAB39 B7F3NS1 0.82 $698,750 8.00 Jun 15, 2019 0.90 107.50 6.17 - 3.38
holding-image

SPRINGLEAF FINANCE CORP

Financials

US85171RAA23 B8Q5K48 0.77 $657,750 6.90 Dec 15, 2017 2.97 109.63 3.77 - 3.77
holding-image

KINETIC CONCEPTS INC / KCI USA INC

Health Care

US49461BAB09 B6T2TH8 0.65 $558,750 10.50 Nov 1, 2018 1.18 111.75 7.19 - 4.52
holding-image

CASE NEW HOLLAND INC

Industrials

US147446AR91 B43GVW1 0.60 $514,688 7.88 Dec 1, 2017 2.90 114.38 3.20 - 3.20
holding-image

ARCELORMITTAL

Basic Materials

US03938LAM63 B4RKHM1 0.59 $504,859 10.35 Jun 1, 2019 3.88 126.21 4.21 - 4.21
holding-image

ARCELORMITTAL

Basic Materials

US03938LAF13 B3FG887 0.57 $489,954 6.13 Jun 1, 2018 3.37 108.88 3.58 - 3.58
Name ISIN SEDOL Sector Weight (%) Market Value Coupon (%) Maturity Duration Price YTM (%) Yield to Call (%) Yield to Worst (%)
Holdings are subject to change.

Exposure Breakdowns

as of 27-Aug-2014

% of Market Value

Other/Undefined

22.97%

Financials

16.88%

Consumer Services

9.17%

Industrials

8.94%

Telecommunications

7.58%

Basic Materials

7.14%

Oil & Gas

7.09%

Consumer Goods

6.94%

Health Care

5.90%

Technology

4.67%

Utilities

2.48%

Healthcare

0.24%

as of 27-Aug-2014

  • 92
  • 74
  • 55
  • 37
  • 18
  • 0

5.13

92.29

0.06

  • 0 - 1 Year

  • 1 - 5 Years

  • 5 - 10 Years

as of 27-Aug-2014

% of Market Value

AAA/Aaa

-

-

AA+/Aa1

-

-

AA/Aa2

-

-

AA-/Aa3

-

-

A+/A1

-

-

A/A2

-

-

A-/A3

-

-

BBB+/Baa1

-

-

BBB/Baa2

-

0.24%

BBB-/Baa3

3.73%

0.83%

BB+/Ba1

15.54%

10.34%

BB/Ba2

15.03%

11.89%

BB-/Ba3

15.66%

15.69%

B+/B1

9.06%

15.18%

B/B2

11.48%

6.78%

B-/B3

12.47%

15.80%

CCC+/Caa1

7.74%

6.08%

CCC/Caa2

0.93%

4.75%

CCC-/Caa3

1.14%

0.52%

CC/Ca

0.17%

-

C

-

-

CI

-

-

R

-

-

SD

-

-

D

-

-

NR

1.23%

4.22%

Other

5.83%

7.68%

Cash

-

-

Govt/Cash

-

-

  • S&P

  • Moody's

Ratings are measured on a scale that generally ranges from AAA (S&P highest) or Aaa (Moody's highest) to D (S&P lowest) or C (Moody's lowest). "R" applies to securities where the issuing company is under regulatory supervision due to its financial situation. "SD" applies to securities where the issuing company has selectively defaulted on some obligations. “NR” applies to securities that are not rated. "Other" includes dividends booked but not yet received and, if applicable, short-term fixed income securities.
Allocations subject to change.

KEY FACTS

Net Assets

as of 28-Aug-2014

$85,507,023
Inception Date Oct 15, 2013
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index Markit iBoxx USD Liquid High Yield 0-5 Index
Index Ticker IBXXSHY1

Fund Credit Rating - S&P   B-f

Shares Outstanding 1,700,000
Number of Holdings

as of 27-Aug-2014

461
CUSIP 46434V407
Price  

as of 28-Aug-2014

50.51
20 Day Avg. Volume   4,440
Premium/Discount  

as of 28-Aug-2014

0.30%
Options Available No

FEES
Expense Ratio   0.50%
Fee Waiver   0.20%
Expense Ratio (including waivers) 0.30%

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

NAIC Designated (Schedule D Eligible)

PORTFOLIO CHARACTERISTICS

Equity Beta  

as of -

-
Standard Deviation (3y)  

as of -

-

12m Trailing Yield  

as of -

-
Distribution Yield  

as of 26-Aug-2014

4.16%
30 Day SEC Yield  

as of 26-Aug-2014

4.28%

Weighted Avg Coupon  

as of 27-Aug-2014

6.98%
Weighted Average Life  

as of 27-Aug-2014

2.36 yrs
Effective Duration  

as of 27-Aug-2014

2.24 yrs
Weighted Avg YTM  

as of 27-Aug-2014

4.23%
Option Adjusted Spread  

as of 27-Aug-2014

336 bps

% Stock 0.00%
% Bond 97.77%
% Cash 0.95%
% Other  

as of 27-Aug-2014

1.28%

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.

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.

Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated securities.

Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Performance would have been lower without such waivers.

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.

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