HYG

Data as of September 30, 2011

iShares iBoxx $ High Yield Corporate
Bond Fund
Fund Details
Ticker HYG
Inception Date 04/04/07
Management Fees 0.50%
Acquired Fund Fees & Expenses

0.00%
Total Annual Fund Operating
Expenses
0.50%
IOPV Ticker HYG.IV
IOPV, or Indicative Optimized Portfolio Value, is a
calculation disseminated by the stock exchange that
approximates the Fund's NAV every fifteen seconds
throughout the trading day.
CUSIP 464288513
Stock Exchange NYSE Arca
Net Assets $8.38 Billion
Effective Duration ^ 4.60 Years
Wt Avg Maturity ^^ 6.12 Years
# of Holdings 476
"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.
Index Characteristics
Wt Avg Maturity ^^ 6.83 Years
Wt Avg Coupon 8.32%
Wt Avg Price $94.70
# of Holdings 445
^ Effective Duration is a measure of the potential
responsiveness of a bond or portfolio price to small parallel
shifts in interest rates. Effective Duration takes into account
the possible changes in expected bond cash flows due to
small parallel shifts in interest rates.
^^ Weighted Average Maturity is the mean of the remaining
term to maturity of the underlying bonds in a portfolio or
index.

Fund Description
The iShares iBoxx $ High Yield Corporate Bond Fund seeks investment results that correspond generally
to the price and yield performance, before fees and expenses, of the iBoxx $ Liquid High Yield Index (the
"Index"), a corporate bond market index compiled by the International Index Company Limited.
Index Description
The iBoxx $ Liquid High Yield Index is a rules-based index consisting of liquid U.S. dollar-denominated,
high yield corporate bonds for sale in the United States, as determined by the Index Provider. The Index is
designed to provide a broad representation of the U.S. dollar-denominated high yield liquid corporate
bond market. There is no limit to the number of issues in the Index.
Fund Performance History As of September 30, 2011
Quarter 1 Year 3 Year 5 Year 10 Years
Since Fund
Inception
Fund -6.19% 1.05% 9.36% n/a n/a 3.90%
Index -6.23% 1.07% 10.41% 5.18% n/a 4.42%
After Tax Held n/a -1.63% 5.84% n/a n/a 0.82%
After Tax Sold n/a 0.76% 5.91% n/a n/a 1.48%
Market Price Returns -7.67% -0.39% 9.68% n/a n/a 3.69%
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 data current to the most recent
month end may be obtained by calling toll-free 1-800-iShares (1-800-474-2737) or by visiting
www.iShares.com.
After Tax Held Returns represent return after taxes on distributions. Assumes shares have not been sold.
After Tax Sold Returns represent the return after taxes on distributions and the sale of fund shares.
Returns are average annualized total returns, except those for periods of less than one year, which are
cumulative. Market returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time
(when NAV is normally determined for most iShares Funds), and do not represent the returns you would
receive if you traded shares at other times.
Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes
are unmanaged and one cannot invest directly in an index. 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.
Top Ten Holdings
CIT GROUP INC 1.19%
BLACKROCK FDS III 1.08%
LYONDELL CHEMICAL
COMPANY
1.06%
CIT GROUP INC 0.84%
COMMUNITY HEALTH
SYSTEMS INC.
0.74%
INTELSAT BERMUDA LTD 0.70%
ALLY FINANCIAL INC 0.65%
HCA INC 0.64%
FIRST DATA CORPORATION 0.61%
ENERGY FUTURE
INTERMEDIATE HOLDING
0.60%
Holdings are subject to change.
Sector Breakdown
Oil & Gas Producers 8.42%
Financial Services 7.08%
Electricity 6.80%
Media 6.38%
Mobile Telecommunications 6.22%
Health Care Equipment &
Services
6.17%
Travel & Leisure 5.95%
Technology Hardware &
Equipment
5.49%
Fixed Line
Telecommunications
4.33%
Software & Computer Services 4.21%
FOR MORE INFORMATION, VISIT WWW.ISHARES.COM OR CALL 1-800 ISHARES (1-800-474-2737)
Not FDIC Insured No bank guarantee May lose value
Maturity Breakdown
1 - 5 years 20.79%
5 - 10 years 74.07%
10 - 15 years 2.14%
Credit Ratings
S&P/Moody's S&P/ Moody's
AAA/Aaa 0.00%/1.08%
AA+/Aa1 1.08%/0.00%
AA/Aa2 0.00%/0.00%
AA-/Aa3 0.00%/0.00%
A+/A1 0.00%/0.00%
A/A2 0.00%/0.00%
A-/A3 0.00%/0.00%
BBB+/Baa1 0.96%/0.00%
BBB/Baa2 0.00%/0.00%
BBB-/Baa3 0.34%/0.20%
BB+/Ba1 9.43%/4.64%
BB/Ba2 10.39%/11.28%
BB-/Ba3 21.72%/15.93%
B+/B1 14.28%/18.74%
B/B2 14.61%/15.27%
B-/B3 12.27%/13.00%
CCC+/Caa1 6.72%/9.69%
CCC/Caa2 4.07%/2.39%
CCC-/Caa3 0.42%/3.31%
CC/Ca 0.71%/0.76%
C/C 0.00%/0.00%
CI/- 0.00%/--
R/- 0.00%/--
SD/- 0.00%/--
D/- 0.31%/--
Not Rated 0.80%/1.79%
Other 1.92%/1.92%
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).
Agency and Government consists of securities that are issued by the
U.S. Treasury or U.S. Government Agencies and are not rated by S&P
or Moody's.
"Other" applies to securities for which ratings are not available.

The iShares Funds ("Funds") are distributed by SEI Investments Distribution Co. ("SEI"). BlackRock Fund Advisors ("BFA") serves as the investment advisor to the
Funds. BFA is a subsidiary of BlackRock Institutional Trust Company, N.A., neither of which is affiliated with SEI.
Investing involves risk, including possible loss of principal.
Bonds and bond funds will decrease in value as interest rates rise. High yield securities may be more volatile, be subject to greater levels of credit or default risk,
and may be less liquid and more difficult to sell at an advantageous time or price to value than higher-rated securities of similar maturity.
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by iBoxx. This company does not make any representation regarding the advisability of
investing in the Funds. Neither SEI, nor BlackRock Institutional Trust Company, N.A., nor any of their affiliates, are affiliated with the companies listed above.
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 visiting www.iShares.com. Read the
prospectus carefully before investing.
2011 BlackRock Institutional Trust Company, N.A. All rights reserved. iShares

is a registered trademark of BlackRock Institutional Trust Company, N.A.
BlackRock

is a registered trademark of BlackRock, Inc. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.
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