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.

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 of Capital

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.

Holdings

as of 09-Feb-2016

Ticker Name ISIN Weight (%) Sector Country Asset Class SEDOL Shares Market Value Price Maturity Exchange Coupon (%) Currency Duration Notional Value YTM (%) Mod. Duration Yield to Call (%) Yield to Worst (%)
MBB ISHARES MBS ETF US4642885887 30.63 MBS Pass-Through United States FI B1VKHR1 23,567 $2,577,051 109.35 - ARCX 0.00 USD 2.79 2,577,051.45 2.10 4.15 - 2.10
CIU ISHARES INTERMEDIATE CREDIT BOND E US4642886380 30.47 ETFs United States FI B1MYR27 23,716 $2,563,700 108.10 - ARCX 0.00 USD 4.19 2,563,699.60 2.67 4.18 - 2.67
HYG ISHARES IBOXX HIGH YIELD CORP BOND US4642885135 18.71 ETFs United States FI B1VZ486 20,650 $1,573,737 76.21 - ARCX 0.00 USD 4.22 1,573,736.50 8.89 4.44 - 8.83
CSJ ISHARES 1-3 YEAR CREDIT BOND ETF US4642886463 10.70 ETFs United States FI B1MYR50 8,598 $900,297 104.71 - ARCX 0.00 USD 1.91 900,296.58 1.77 1.90 - 1.77
CLY ISHARES 10+ YEAR CREDIT BOND ETF US4642895118 9.49 ETFs United States FI B4VTBY4 14,243 $798,320 56.05 - ARCX 0.00 USD 12.65 798,320.15 4.87 12.91 - 4.85
BLKFDS BLK CSH FND TREASURY SL AGENCY US0669224778 0.04 Cash and/or Derivatives United States MM - 3,330 $3,330 1.00 - - 0.43 USD 0.00 3,330.21 0.00 0.00 - 0.00
USD USD CASH - -0.04 Cash and/or Derivatives United States CA - -3,025 -$3,025 100.00 Feb 10, 2016 - 0.43 USD 0.00 -3,025.15 0.43 0.00 - 0.43
Ticker Name Weight (%) ISIN SEDOL Asset Class Sector Country Exchange Shares Market Value Price Coupon (%) Maturity Duration Currency Notional Value Mod. Duration YTM (%) Yield to Call (%) Yield to Worst (%)
Ticker Name Sector Weight (%) Asset Class Country Market Value Shares Price ISIN SEDOL Exchange Currency Maturity Coupon (%) Duration Mod. Duration YTM (%) Notional Value Yield to Call (%) Yield to Worst (%)
Holdings are subject to change.

Exposure Breakdowns

as of 09-Feb-2016
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 09-Feb-2016

% of Market Value

Industrial

39.6%

MBS Pass-Through

30.2%

Financial Institutions

16.3%

Utility

3.5%

Supranational

3.4%

Agency

2.8%

Sovereign

1.6%

Local Authority

1.5%

Cash and/or Derivatives

1.1%

Allocations are subject to change.

KEY FACTS

Net Assets

as of 10-Feb-2016

$8,413,392
Inception Date Apr 22, 2014
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index Morningstar U.S. Bond Market Yield-Optimized Index
Index Ticker MSAABYOT

Expense Ratio

as stated in the prospectus

0.55%
Net Expense Ratio  

as stated in the prospectus

0.28%

Shares Outstanding

as of 10-Feb-2016

350,000
CUSIP 46434V787
Number of Holdings  

as of 09-Feb-2016

5
Closing Price  

as of 09-Feb-2016

23.98
Mid-Point Price  

as of 09-Feb-2016

24.07
Premium/Discount  

as of 10-Feb-2016

-
Options Available No
20 Day Avg. Volume  

as of 09-Feb-2016

1,084
Daily Volume  

as of 09-Feb-2016

449

PORTFOLIO CHARACTERISTICS

Equity Beta  

as of 31-Dec-2015

0.08
Standard Deviation (3y)  

as of -

-

Distribution Yield  

as of 29-Jan-2016

6.80%
30 Day SEC Yield  

as of 29-Jan-2016

3.63%
12m Trailing Yield  

as of 29-Jan-2016

3.34%
Unsubsidized 30-Day SEC Yield  

as of 29-Jan-2016

3.40%

Weighted Avg Coupon  

as of 09-Feb-2016

0.43%
Effective Duration  

as of 09-Feb-2016

4.30 yrs
Weighted Avg Maturity  

as of 09-Feb-2016

6.25 yrs
Weighted Avg YTM  

as of 09-Feb-2016

3.80%
Option Adjusted Spread  

as of 09-Feb-2016

226 bps

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

FEES as of current prospectus

Expense Ratio   0.55%
Management Fee 0.28%
Acquired Fund Fees and Expenses   0.27%
Foreign Taxes and Other Expenses 0.00%
- Fee Waivers   0.27%

= Net Expense Ratio 0.28%

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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 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.

Mortgage-backed securities ("MBS") and commercial mortgage-backed securities ("CMBS") are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities.

An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency and its return and yield will fluctuate with market conditions.

Investment in a fund of funds is subject to the risks and expenses of the underlying funds.

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”).

Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided “as is” and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.



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., Japan Exchange Group, 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 All Residential 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-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index or FTSE EPRA/NAREIT Global REIT 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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