iShares
The iShares 10+ Year Credit Bond Fund seeks results that correspond generally to the price and yield performance before fees and expenses of the long-term, investment-grade U.S. corporate and Yankee bond markets as defined by the BofA Merrill Lynch 10+ Year US Corporate & Yankees Index, which includes debt securities issued publicly by U.S. corporations and U.S. dollar-denominated, publicly issued debt of non-U.S. corporations, non-U.S. government debt and supranational debt.

Yield as of 5/15/2012

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Description %
30-Day SEC Yield 30-Day SEC Yield 4.57%
Average Yield to MaturityAverage Yield to Maturity 4.71%
Distribution YieldDistribution Yield 4.69%
12-Month Yield 12-Month Yield
as of 5/15/2012 		4.45%

Fundamentals as of 5/15/2012

Description Value
Weighted Average Maturity Weighted Average Maturity 23.75 yr
Weighted Average Coupon Weighted Average Coupon6.26%
Effective Duration Effective Duration 12.15
Standard Deviation (3 year) Standard Deviation
as of 4/30/2012 		--

Avg. Annualized Total Returns (NAV) qtr. as of 3/31/2012

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  1 Year 3 Years 5 Years 10 Years Since Inception
CLY 16.36% -- -- -- 11.27%
Index Index 15.61% 18.03% 8.45% -- 11.70%

Sector Breakdown as of 5/15/2012*

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Sector % of Fund Sector % of Fund  
 
Industrials
56.87%
 
Supranatio...
0.64%
 
Financial
16.73%
 
Agency
0.32%
 
Utility
11.21%
 
Government...
0.19%
 
Foreign So...
9.97%
 
Other/Unde...
1.17%
 
S-T Securi...
2.20%
 
 
Local-Auth...
0.69%
 

Maturity as of 5/15/2012

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Time to Maturity % of Fund
0-1 Years0.00%
1-5 Years0.00%
5-10 Years0.54%
10-15 Years7.11%
15-20 Years13.07%
20-25 Years16.75%
25 Years and Over59.17%
Average23.75 years

Top Holdings as of 5/15/2012*

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Name % of Fund Coupon Maturity Moody's/S&P Rating
BLACKROCK FDS III 2.20% 0.07 NR /NR
RUSSIAN FEDERATION (THE) 1.38% 7.50 3/31/2030 Baa1 /BBB
WAL-MART STORES INC 0.80% 5.25 9/1/2035 Aa2 /AA
PERU (THE REPUBLIC OF) 0.73% 7.35 7/21/2025 Baa3 /BBB
GENERAL ELECTRIC CAPITAL CORP 0.64% 5.88 1/14/2038 A1 /AA+
AT&T INC 0.63% 6.55 2/15/2039 A2 /A-
MERCK & CO INC 0.62% 6.50 12/1/2033 Aa3 /AA
COMCAST CORPORATION 0.61% 6.95 8/15/2037 Baa1 /BBB+
COLOMBIA (REPUBLIC OF) 0.60% 7.38 9/18/2037 Baa3 /BBB-
AMERICAN INTERNATIONAL GROUP INC 0.53% 6.25 5/1/2036 Baa1 /A-
Total8.74% 
*Holdings are subject to change.

Profile as of 5/16/2012

Description Value
Total Net Assets$189,994,556
Expense Ratio0.20%
Shares Outstanding3,200,000
Number of Holdings
as of 5/15/2012		 516
Fund Credit Rating - S&P**Fund Credit Rating - S&PBBB+f
Inception Date12/8/2009
Related IndexCY09
Net Asset Value
as of 5/16/2012		 $59.37
  • $-0.08
  • -0.14%
Price
as of 5/16/2012		 $59.71
  • $0.16
  • 0.27%
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. This information must be accompanied by standardized returns. For standardized returns and performance data current to the most recent month end, click the "Performance" tab above.

Fees & Expenses

Expense Type %
Management Fees 0.20%
+
 Acquired Fund Fees & Expenses ‡ 0.00%
=
 Total Annual Fund Operating Expenses 0.20%

Credit Ratings as of 5/15/2012

S&P/Moody's
 S&P Moody's
AAA/Aaa 2.12% 2.55%
AA+/Aa1 1.85% 0.55%
AA/Aa2 4.13% 4.22%
AA-/Aa3 3.72% 4.95%
A+/A1 7.51% 10.69%
A/A2 11.60% 11.97%
A-/A3 21.30% 15.98%
BBB+/Baa1 12.91% 15.95%
BBB/Baa2 22.18% 18.54%
BBB-/Baa3 7.13% 10.34%
BB+/Ba1 1.71% 0.35%
BB/Ba2 0.00% 0.00%
BB-/Ba3 0.00% 0.00%
B+/B1 0.00% 0.00%
B/B2 0.00% 0.00%
B-/B3 0.00% 0.00%
CCC+/Caa1 0.00% 0.00%
CCC/Caa2 0.00% 0.00%
CCC-/Caa3 0.00% 0.00%
CC/Ca 0.00% 0.00%
C/C 0.00% 0.00%
R/-- 0.00% --
SD/-- 0.00% --
D/-- 0.00% --
Not Rated 2.28% 2.34%
Other 1.57% 1.57%

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. "Other" applies to securities for which ratings are not available.

Trading Information

Identifier Type Symbol
TickerCLY
Related IndexCY09
NAVCLY.NS
Underlying Trading ValueCLY.IV
Shares OutstandingCLY.SO
Estimated CashCLY.EU
Total CashCLY.TC
CUSIP464289511

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

Carefully consider the iShares Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses, which may be obtained by calling 1-800-iShares (1-800-474-2737), or by viewing or downloading a prospectus. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

‡ “Acquired Fund Fees and Expenses” reflect the Fund's pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds, such as mutual funds, business development companies, or other pooled investment vehicles. Acquired Fund Fees and Expenses are reflected in the prices of the acquired funds and thus included in the total returns of the Fund.

The iShares Funds ("Funds") are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations.

Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.

Narrowly focused investments may be subject to higher volatility.

Bonds and bond funds will decrease in value as interest rates rise.

BofA Merrill Lynch® is a servicemark of Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or its affiliates, and is licensed for use for certain purposes by BlackRock. iShares Funds are not sponsored, endorsed, issued, sold or promoted by BofA Merrill Lynch. Nor does this company make any representation regarding the advisability of investing in iShares Funds. Index data source: BofA Merrill Lynch.

Shares of iShares Funds are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

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.

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