Total International ex US Index Fund | BDOIX

Overview

Investment Approach

Invests in a portfolio of assets whose performance seeks to match the performance of the MSCI ACWI ex-U.S. Index.

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Performance

Returns

Average Annual
Cumulative
Calendar Year

	1y	3y	5y	10y	Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	-9.86	1.04	-0.50	-	-0.50
Benchmark (%) Index: BlackRock ACWI ex-US Index Fund Master Historical Performance Shell.<br /><br /> 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.	-5.43	2.94	1.15	-	-
Morningstar Category Avg. (%) Foreign Large Blend	-9.94	1.68	1.10	1.51	-
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking.	384/823	491/720	555/631	-	-
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking.	2	3	4	-	-
Lipper Category Avg. (%) International Multi-Cap Core	-9.93	1.82	1.40	1.55	-
Lipper Ranking Rankings are based on total return excluding sales charges.	178/441	270/362	281/298	-	-
Lipper Quartile Rankings are based on total return excluding sales charges.	2	3	4	-	-

Missing average annual returns data

	YTD	1m	3m	1y	3y	5y	10y	Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	-0.06	-0.81	0.10	-9.86	3.16	-2.49	-	-2.49
Benchmark (%) Index: BlackRock ACWI ex-US Index Fund Master Historical Performance Shell.<br /><br /> 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.	4.29	-1.53	4.68	-5.43	9.08	5.90	-	-
Morningstar Category Avg. (%) Foreign Large Blend	-3.03	-2.56	-1.08	-9.94	5.14	5.63	16.18	-
Lipper Category Avg. (%) International Multi-Cap Core	-2.87	-2.74	-1.24	-9.93	5.65	7.44	17.96	-

Missing cumulative returns data

	2011	2012	2013	2014	2015
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	-	16.74	13.94	-4.78	-5.89
Benchmark (%) Index: BlackRock ACWI ex-US Index Fund Master Historical Performance Shell<br /><br /> 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.	-16.87	16.83	15.29	-3.87	-5.66
Morningstar Category Avg. (%) Foreign Large Blend	-13.97	18.29	19.44	-4.98	-1.59

Missing calendar year returns data

Growth of Hypothetical $10,000 The growth of hypothetical $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.

Performance chart data not available for display.

Distributions

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Recent
Calendar Year

Chart
Table

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Ex-Date	Payable Date	Record Date	Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until approximately 60 days following calendar year-end.	Income	ST Cap Gains	LT Cap Gains

Chart
Table

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Year	Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end.	Income	ST Cap Gains	LT Cap Gains

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 found in the Performance section.

Key Facts

Size of Class (Millions) as of 23-Sep-2016 $47.4 M

Size of Fund (Millions) as of 23-Sep-2016 $296.7 M

Share Class launch date 30-Jun-2011

Asset Class Equity

Morningstar Category Foreign Large Blend

Lipper Classification International Multi-Cap Core

Benchmark Index BlackRock ACWI ex-US Index Fund Master Historical Performance Shell

CUSIP 066923616

Net, Including Investment Related Expenses Expenses stated as of the fund's most recent prospectus. Investment dividend expense, interest expense, acquired fund fees and expenses and certain other fund expenses are included in the Net, Including Investment Related expenses and excluded from the Net, Excluding Investment Related expenses. BlackRock may contractually agree to waive or reimburse certain fees and expenses until a specified date. Contractual waivers terminable upon 90 days’ notice by the fund's independent trustees or majority vote of outstanding fund securities. BlackRock may also voluntarily agree to waive certain fees and expenses in which the adviser may discontinue at any time without notice. For LifePath Portfolios, the Net, Including Investment Related expense ratio includes a contractual waiver equal to the amount of the acquired fund fees and independent expenses of the funds. Please see the prospectus for additional information. 0.17%

Net, Excluding Investment Related Expenses 0.17%

Gross Expense Ratio 0.83%

Contractual End Date 30-Apr-2017

Distribution Frequency How often a distribution is paid by the fund. The most common distribution frequencies are annually, biannually and quarterly. Quarterly

Number of Holdings as of 31-Aug-2016 1,801

Max Offer Price as of 23-Sep-2016 $8.03

Open to New Investors Yes

Turnover Percent as of 31-Aug-2016 6%

Portfolio Characteristics

P/E Ratio The price to earnings ratio is a fundamental measure used to determine if an investment is valued appropriately. Each holdings' P/E is the latest closing price divided by the latest 12 months' earnings per share. Negative earnings are excluded, extraordinary items are excluded, and P/E ratios over 60 are set to 60. as of 31-Aug-2016 14.50

P/B Ratio The price to book (P/B) value ratio is a fundamental measure used to determine if an investment is valued appropriately. The book value of a company is a measure of how much a company's assets are worth assuming the company's debts are paid off. Negative book values are excluded from this calculation and holding price to book ratios over 25 are set to 25. as of 31-Aug-2016 1.57

Average Market Cap (Millions) The average size of the securities the fund invests in. as of 31-Aug-2016 $55,732.8 M

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Lipper Leader

Lipper Leader Ratings

Expense Total International ex US Index Fund received the following Expense ratings for the 3-, 5-, and 10-year periods, respectively: 5 (194 funds), 5 (149 funds), and - (- funds).<br /><br />Lipper ratings for Expense reflect funds' expense minimization relative to peers with similar load structures.

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 31-Aug-2016 out of 357, 11,726, 361, 194 and 360 Funds, respectively in Lipper's International Multi-Cap Core classification.

Holdings

as of 31-Aug-2016

Name	Weight (%)
NESTLE SA	1.45
ROYAL DUTCH SHELL PLC	1.14
NOVARTIS AG	1.00
ROCHE HOLDING AG	0.98
SAMSUNG ELECTRONICS CO LTD	0.96

Name	Weight (%)
TOYOTA MOTOR CORPORATION	0.94
TENCENT HOLDINGS LTD	0.85
HSBC HOLDINGS PLC	0.83
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	0.77
BRITISH AMERICAN TOBACCO PLC	0.65

Regions
Countries

as of 31-Aug-2016

% of Market Value

Type	Fund

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as of 31-Aug-2016

% of Market Value

Type	Fund

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Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.

as of 31-Aug-2016

% of Market Value

Type	Fund	Benchmark	Net

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as of 31-Aug-2016

% of Market Value

Type	Fund	Benchmark	Net

Show All Show Fewer

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.

Portfolio Managers

Managing Director

Rachel Aguirre

Portfolio Manager

Literature

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Important Information

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.

Stock 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 currency fluctuations, illiquidity and volatility. These risks may be heightened for investments in emerging markets.

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.

An index fund has operating and other expenses while an index does not. As a result, while an Index fund will attempt to track the applicable index as closely as possible, it will tend to underperform the index to some degree over time.

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.

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Performance

Performance

Returns

Growth of Hypothetical $10,000 The growth of hypothetical $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.

Distributions

Key Facts

Key Facts

Portfolio Characteristics

Portfolio Characteristics

Ratings

Ratings

Lipper Leader

Holdings

Holdings

Exposure Breakdowns

Exposure Breakdowns

Portfolio Managers

Portfolio Managers

Literature

Literature

How to Buy BlackRock Funds

How to Buy BlackRock Funds

Important Information