Performance

as of
  1y 3y 5y 10y Incept.  
-3.39 0.63 - - 2.29
Benchmark (%)   0.12 0.07 - - 0.08
Morningstar Ranking   - - - - -
Lipper Category Avg. (%)   - -0.24 1.72 3.55 -
Lipper Ranking  
as of
  YTD 1m 3m 1y 3y 5y 10y Incept.  
-0.72 0.62 -0.72 -3.39 1.90 - - 10.72
Benchmark (%)   0.07 0.05 0.07 0.12 0.22 - - 0.35
Morningstar Ranking   - - - 354/484 81/275 - - -
Lipper Category Avg. (%)   0.03 1.74 0.03 -3.05 -0.64 9.11 42.18 -
Lipper Ranking   187/268 35/130
as of
  2011 2012 2013 2014 2015
Total Return (%)   - 7.07 3.74 0.92 -1.00
Benchmark (%)   0.00 0.11 0.07 0.03 0.05
Morningstar Category Avg. (%)   2.55 9.10 -0.41 2.62 -2.58


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.
Performance chart data not available for display.
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.

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

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Total Distribution   Income ST Cap Gains LT Cap Gains Year

Past distributions are not indicative of future distributions.
Click here, for the most recent 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.

Issuers

  • Top Long Issuers

as of 29-Apr-2016

Name Fund Weight (%)
CDX.NA.IG.26.V1 3.91
CITIGROUP INC 1.51
WESTERN DIGITAL CORPORATION 1.49
TIME WARNER CABLE INC 1.46
ITRAXX.FINSUB.20.V1 1.20

% of Market Value

  • Top Short Issuers

as of 29-Apr-2016

Name Fund Weight (%)
UNITED STATES OF AMERICA -6.29
VERIZON COMMUNICATIONS INC -2.05
ITRAXX.XO.25.V1 -1.82
JPMORGAN CHASE & CO -1.43
ITRAXX.FINSR.20.V1 -1.37

% of Market Value

Exposure Breakdowns

as of 29-Apr-2016

% of Market Value

Net Derivatives

-12.3%

|

45.3%

Investment Grade Bonds

-20.8%

|

34.2%

Cash

-3.9%

|

43.2%

Government Bonds

-20.6%

|

15.2%

High Yield Bonds

-2.8%

|

29.5%

  • Long

  • Short

  • Net

as of 29-Apr-2016

% of Market Value

North America

-70.7%

|

82.3%

Net Derivatives

-12.3%

|

45.3%

Europe

-17.4%

|

31.3%

Cash

-4.3%

|

43.4%

Emerging Markets

-1.3%

|

3.9%

  • Long

  • Short

  • Net

as of 29-Apr-2016

% of Market Value

Cash

-65.4%

|

104.5%

United States

-69.0%

|

80.5%

Net Derivatives

-12.3%

|

45.3%

European Union

-4.1%

|

5.8%

Germany

-4.3%

|

4.0%

  • Long

  • Short

  • Net

as of 29-Apr-2016

% of Market Value

Cash

-65.4%

|

104.5%

Derivatives

-57.5%

|

57.7%

AAA Rated

-19.8%

|

15.8%

AA rated

-5.1%

|

1.8%

A Rated

-7.8%

|

10.2%

  • Long

  • Short

  • Net

These sectors may contain hedge positions intended to bring the portfolio to a neutral duration and/or currency positioning and are not deemed active credit positions.


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.


Allocations are subject to change.

Ratings

  • Morningstar Rating
     
  • Overall   :
  • 4
  • Overall Morningstar Rating for Global Long/Short Credit Fund, Class I, as of 30-Apr-2016 rated against 36 Long-Short Credit Funds.
  • Lipper Leader Ratings
  • Consistent Return   :
     
  • Preservation   :
     
  • Total Return   :
     
  • 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 30-Apr-2016 out of 130, 5,501, 130, 55 and 130 Funds, respectively in Lipper's Alt Credit Focus Funds classification.

KEY FACTS

Size of Class (Millions)

as of 27-May-2016

$3,829.6 M
Size of Fund (Millions)

as of 27-May-2016

$4,602.1 M
Share Class launch date Sep 30, 2011
Asset Class Alternative
Morningstar Category Long-Short Credit
Lipper Classification Alt Credit Focus Funds
Benchmark Index BofA ML 3 Month Treasury Bill Index (G0O1)
Number of Holdings

as of 29-Apr-2016

923
CUSIP 091936732

Net, Including Investment Related Expenses   1.66%
Net, Excluding Investment Related Expenses 1.04%
Expense Ratio 1.74%

Distribution Frequency   Annual
Max Offer Price

as of 27-May-2016

$9.82
Open to New Investors Yes
Turnover Percent

as of 30-Apr-2016

211%

PORTFOLIO CHARACTERISTICS

Alpha (3y)  

as of 29-Apr-2016

0.00
R-Squared (3y)

as of 29-Apr-2016

0.00
Beta (3y)

as of 29-Apr-2016

0.00

30 Day SEC Yield  

as of 31-Mar-2016

2.32%

Yield to Maturity  

as of 29-Apr-2016

3.75%
Yield to Worst  

as of 29-Apr-2016

3.53%
Effective Duration  

as of 29-Apr-2016

0.14 yrs
Weighted Average Life  

as of 29-Apr-2016

4.14 yrs

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

More Products

*From the fund's inception, 9/30/2011 to 9/30/15, compared to the Barclays U.S. Aggregate Bond Index, which comprises the total U.S. investment grade bond market. Based on total return, all distributions re-invested.

 

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.

The fund is actively managed and its characteristics will vary. Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions. International investing involves special risks including, but not limited to political risks, currency fluctuations, illiquidity and volatility. These risks may be heightened for investments in emerging markets. 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. Principal of mortgage- or asset-backed securities normally may be prepaid at any time, reducing the yield and market value of those securities. Obligations of US govt. agencies are supported by varying degrees of credit but generally are not backed by the full faith and credit of the US govt. 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. Investments in emerging markets may be considered speculative and are more likely to experience hyperinflation and currency devaluations, which adversely affect returns. In addition, many emerging securities markets have lower trading volumes and less liquidity. 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.

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.

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”).

©2016 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, 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