ishares Fixed Income Product Overview (as of 5/13/16)



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Ticker Weighted Average Maturity (yrs) Maturity & Risk Yields (%) Fund Information Effective Duration Option Adjusted Spread (OAS) (%) 30-Day SEC Unsubsidized 30-Day SEC 30-Day Tax Equiv # of Fund Holdings NAV ($) Fund Size ($M) BROAD MARKET ishares Core U.S. Aggregate Bond ETF AGG 7.38 5.20 0.47 0.00 1.89 -- 5,595 111.12 36,561 ishares Core International Aggregate Bond ETF IAGG 8.79 7.06 0.46 0.00 -- -- 1,039 51.74 181 ishares Core Total USD Bond Market ETF IUSB 7.17 5.08 0.97 0.00 2.37 -- 2,162 102.39 481 ishares Core 1-5 Year USD Bond ETF ISTB 2.83 2.61 0.83 0.00 -- -- 1,780 100.62 568 ishares Core 10+ Year USD Bond ETF ILTB 23.34 13.99 1.59 0.00 -- -- 1,199 63.49 175 ishares Edge U.S. Fixed Income Balanced Risk ETF FIBR 5.74 3.60 1.76 0.00 -- -- 557 99.43 60 ishares Yield Optimized Bond ETF BYLD 6.22 4.34 1.73 3.40 3.14 -- 9 24.78 14 ishares Short Maturity Bond ETF NEAR 1.01 0.43 1.04 0.00 -- -- 381 50.09 2,303 ishares Ultra Short-Term Bond ETF ICSH 0.94 0.34 0.62 0.00 -- -- 54 49.93 15 U.S. GOVERNMENT/CREDIT ishares Government/Credit Bond ETF GBF 8.58 6.30 0.61 0.00 -- -- 1,685 115.62 318 ishares Intermediate Government/Credit Bond ETF GVI 4.32 3.98 0.44 0.00 -- -- 2,373 112.13 2,097 U.S. GOVERNMENT ishares Core U.S. Treasury Bond ETF GOVT 7.44 5.94 -- 0.00 -- -- 124 25.85 2,076 ishares Treasury Floating Rate Bond ETF TFLO 1.19 0.01 -- 0.00 -- -- 9 50.11 20 ishares Short Treasury Bond ETF SHV 0.42 0.42 -- 0.00 -- -- 31 110.37 3,642 ishares 1-3 Year Treasury Bond ETF SHY 1.89 1.86 -- 0.00 -- -- 109 85.01 10,252 ishares 3-7 Year Treasury Bond ETF IEI 4.73 4.48 -- 0.00 -- -- 72 126.04 5,596 ishares 7-10 Year Treasury Bond ETF IEF 8.40 7.56 -- 0.00 -- -- 58 110.84 9,987 ishares 10-20 Year Treasury Bond ETF TLH 13.75 10.16 -- 0.00 -- -- 13 142.34 826 ishares 20+ Year Treasury Bond ETF TLT 26.55 17.78 -- 0.00 -- -- 126 132.10 8,625 ishares Agency Bond ETF AGZ 4.20 3.43 0.21 0.00 -- -- 123 114.93 626 MUNICIPAL BONDS ishares National Muni Bond ETF MUB 5.44 4.72 -- 0.00 -- 2.30 3,057 112.67 6,805 ishares Short-Term National Muni Bond ETF SUB 2.06 1.93 -- 0.00 -- 0.93 791 106.21 1,014 ishares Short Maturity Municipal Bond ETF MEAR 1.08 1.05 -- 0.00 -- -- 42 50.07 30 ishares California Muni Bond ETF CMF 5.80 5.06 -- 0.00 -- 2.39 685 120.41 548 ishares New York Muni Bond ETF NYF 5.22 4.51 -- 0.00 -- 2.37 417 113.88 222 ibonds Sep 2016 Term Muni Bond ETF IBME 0.16 0.16 -- 0.00 0.26 0.63 637 26.48 135 ibonds Sep 2017 Term Muni Bond ETF IBMF 1.16 1.12 -- 0.00 0.38 0.84 745 27.36 186 ibonds Sep 2018 Term Muni Bond ETF IBMG 2.16 2.05 -- 0.00 0.49 1.04 657 25.58 118 ibonds Sep 2019 Term Muni Bond ETF IBMH 3.16 2.94 -- 0.00 0.61 1.25 680 25.69 104 ibonds Sep 2020 Term Muni Bond ETF IBMI 4.17 3.79 -- 0.00 0.76 1.51 631 25.85 89 ibonds Dec 2021 Term Muni Bond ETF IBMJ 5.17 4.64 -- 0.00 0.89 1.74 539 26.01 34 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 visiting www.ishares.com or www.blackrock.com. 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.

Maturity & Risk Yields (%) Fund Information Ticker Weighted Average Maturity (yrs) Effective Duration Option Adjusted Spread (OAS) (%) 30-Day SEC Unsubsidized 30-Day SEC 30-Day Tax Equiv # of Fund Holdings NAV ($) Fund Size ($M) ibonds Dec 2022 Term Muni Bond ETF IBMK 6.45 5.68 0.27 0.00 1.02 1.89 498 26.28 28 INFLATION ishares TIPS Bond ETF TIP 8.69 7.92 0.05 0.00 -- -- 44 115.16 18,138 ishares 0-5 Year TIPS Bond ETF STIP 2.68 2.64 0.08 0.00 2.36 -- 33 100.67 644 ishares Global Inflation-Linked Bond ETF GTIP 12.26 10.61 0.15 0.00 -- -- 161 48.68 15 ishares International Inflation-Linked Bond ETF ITIP 11.75 9.64 0.30 0.00 -- -- 188 42.08 25 CREDIT ishares Core U.S. Credit Bond ETF CRED 10.26 6.93 1.43 0.00 -- -- 2,734 111.25 857 ishares 1-3 Year Credit Bond ETF CSJ 2.02 1.96 0.70 0.00 -- -- 1,126 105.53 10,974 ishares Intermediate Credit Bond ETF CIU 4.80 4.31 1.13 0.00 -- -- 3,568 110.07 6,136 ishares 10+ Year Credit Bond ETF CLY 23.29 13.16 2.07 0.00 -- -- 1,716 60.36 942 ishares iboxx $ Investment Grade Corporate Bond ETF LQD 12.56 8.40 1.54 0.00 -- -- 1,612 119.85 28,534 ishares Interest Rate Hedged Corporate Bond ETF LQDH 11.37 0.05 1.49 0.00 3.30 -- 11 91.44 32 ishares 0-5 Year Investment Grade Corporate Bond ETF SLQD 2.61 2.48 0.85 0.00 -- -- 979 50.60 149 ishares Interest Rate Hedged Emerging Markets Bond ETF EMBH 10.21 0.82 3.51 0.00 4.32 -- 10 24.22 2 ishares Interest Rate Hedged 10+ Year Credit Bond ETF CLYH 20.05-0.17 1.94 0.00 4.00 -- 11 23.69 7 ishares Aaa - A Rated Corporate Bond ETF QLTA 9.87 6.88 1.04 0.00 -- -- 712 52.66 82 ishares Baa - Ba Rated Corporate Bond ETF QLTB 9.79 6.56 2.39 0.00 -- -- 1,116 51.35 36 ishares B - Ca Rated Corporate Bond ETF QLTC 4.88 3.90 7.32 0.00 -- -- 414 44.18 11 ishares Floating Rate Bond ETF FLOT 1.75 0.15 0.72 0.00 -- -- 449 50.51 3,095 ibonds Mar 2018 Term Corporate ETF IBDB 1.41 1.38 0.73 0.00 1.30 -- 332 102.56 103 ibonds Mar 2020 Term Corporate ETF IBDC 3.34 3.15 1.02 0.00 1.92 -- 317 105.07 95 ibonds Mar 2023 Term Corporate ETF IBDD 6.20 5.61 1.33 0.00 2.62 -- 257 106.49 69 ibonds Dec 2016 Term Corporate ETF IBDF 0.16 0.16 0.38 0.00 -- -- 160 25.04 63 ibonds Dec 2018 Term Corporate ETF IBDH 2.02 1.95 0.86 0.00 -- -- 483 25.15 122 ibonds Dec 2017 Term Corporate ETF IBDJ 1.10 1.09 0.67 0.00 -- -- 368 24.84 70 ibonds Dec 2019 Term Corporate ETF IBDK 3.00 2.84 1.01 0.00 -- -- 448 24.97 127 ibonds Dec 2020 Term Corporate ETF IBDL 4.05 3.79 1.09 0.00 -- -- 426 25.48 144 ibonds Dec 2021 Term Corporate ETF IBDM 4.94 4.53 1.23 0.00 -- -- 387 24.94 140 ibonds Dec 2022 Term Corporate ETF IBDN 5.95 5.39 1.33 0.00 -- -- 390 25.01 101 ibonds Dec 2023 Term Corporate ETF IBDO 6.89 6.12 1.44 0.00 -- -- 277 25.06 59 ibonds Dec 2024 Term Corporate ETF IBDP 7.92 6.84 1.58 0.00 -- -- 252 24.94 39 ibonds Dec 2025 Term Corporate ETF IBDQ 8.90 7.57 1.57 0.00 -- -- 275 24.97 49 ibonds Mar 2018 Term Corporate ex-financials ETF IBCC 1.39 1.36 0.50 0.00 -- -- 195 98.78 183 ibonds Mar 2020 Term Corporate ex-financials ETF IBCD 3.38 3.18 0.80 0.00 -- -- 181 99.10 59 ibonds Mar 2023 Term Corporate ex-financials ETF IBCE 6.23 5.70 1.00 0.00 -- -- 171 98.71 39 HIGH YIELD ishares iboxx $ High Yield Corporate Bond ETF HYG 4.84 4.01 5.34 0.00 -- -- 1,319 82.65 14,986 ishares Interest Rate Hedged High Yield Bond ETF HYGH 4.56 0.35 5.18 0.00 5.81 -- 10 83.68 29 ishares 0-5 Year High Yield Corporate Bond ETF SHYG 2.57 2.33 5.37 0.00 6.01 -- 584 45.43 872

Maturity & Risk Yields (%) Fund Information Ticker Weighted Average Maturity (yrs) Effective Duration Option Adjusted Spread (OAS) (%) 30-Day SEC Unsubsidized 30-Day SEC 30-Day Tax Equiv # of Fund Holdings NAV ($) Fund Size ($M) ishares Global High Yield Corporate Bond ETF GHYG 4.79 4.00 5.07 0.00 5.56 -- 1,102 47.06 104 ishares International High Yield Bond ETF HYXU 4.16 3.63 4.55 0.00 3.67 -- 466 46.95 174 ishares Emerging Markets High Yield Bond ETF EMHY 9.19 5.75 5.52 0.00 -- -- 301 47.89 72 CONVERTIBLES ishares Convertible Bond ETF ICVT 5.51 2.33 7.08 0.00 -- -- 160 44.00 18 MORTGAGE BACKED ishares MBS ETF MBB 4.50 2.51 0.08 0.00 -- -- 443 109.55 8,350 ishares CMBS ETF CMBS 5.76 5.11 0.92 0.00 -- -- 432 52.49 244 ishares GNMA Bond ETF GNMA 4.61 2.33 0.05 0.00 1.19 -- 111 50.76 112 INTERNATIONAL/GLOBAL ishares 1-3 Year International Treasury Bond ETF ISHG 1.85 1.81 0.15 0.00 -- -- 117 82.04 107 ishares International Treasury Bond ETF IGOV 9.66 7.90 0.33 0.00 -- -- 715 97.40 720 EMERGING MARKETS ishares J.P. Morgan USD Emerging Markets Bond ETF EMB 11.18 7.12 3.70 0.00 4.80 -- 326 111.45 6,462 ishares Emerging Markets Local Currency Bond ETF LEMB 6.84 4.78 0.00 0.00 -- -- 265 43.06 371 ishares Emerging Markets Corporate Bond ETF CEMB 7.13 5.08 3.73 0.00 -- -- 188 48.96 24

Ticker Inception Date Net Gross Expense Ratio (%) Quarterly NAV Returns (%) (as of 3/31/16) Quarterly Price Returns (%) (as of 3/31/16) Contractual Waiver Expiration Fund 1yr Fund 5y Fund 10y Inception Fund 1yr Fund 5y Fund 10y Inception BROAD MARKET ishares Core U.S. Aggregate Bond ETF AGG 9/22/2003 0.08 0.09 6/30/2016 1.85 3.68 4.74 4.35 1.97 3.74 4.72 4.35 ishares Core International Aggregate Bond ETF IAGG 11/10/2015 0.15 0.15 -- -- -- -- 3.86 -- -- -- 3.96 ishares Core Total USD Bond Market ETF IUSB 6/10/2014 0.12 0.14 2/28/2019 1.82 -- -- 3.17 1.36 -- -- 3.20 ishares Core 1-5 Year USD Bond ETF ISTB 10/18/2012 0.12 0.12 -- 1.52 -- -- 1.16 1.34 -- -- 1.22 ishares Core 10+ Year USD Bond ETF ILTB 12/8/2009 0.12 0.12 -- 0.45 8.07 -- 7.61 0.28 8.17 -- 7.70 ishares Edge U.S. Fixed Income Balanced Risk ETF FIBR 2/24/2015 0.25 0.25 -- 1.80 -- -- 1.77 1.67 -- -- 1.59 ishares Yield Optimized Bond ETF BYLD 4/22/2014 0.28 0.55 2/28/2019 0.35 -- -- 2.28 0.55 -- -- 2.36 ishares Short Maturity Bond ETF NEAR 9/25/2013 0.26 0.26 -- 0.71 -- -- 0.83 0.69 -- -- 0.84 ishares Ultra Short-Term Bond ETF ICSH 12/11/2013 0.18 0.18 -- 0.32 -- -- 0.40 0.38 -- -- 0.42 U.S. GOVERNMENT/CREDIT ishares Government/Credit Bond ETF GBF 1/5/2007 0.20 0.20 -- 1.57 3.84 -- 4.65 1.51 3.89 -- 4.66 ishares Intermediate Government/Credit Bond ETF GVI 1/5/2007 0.20 0.20 -- 1.84 2.80 -- 4.03 1.96 2.81 -- 4.03 U.S. GOVERNMENT ishares Core U.S. Treasury Bond ETF GOVT 2/14/2012 0.15 0.15 -- 2.35 -- -- 1.93 2.34 -- -- 1.95 ishares Treasury Floating Rate Bond ETF TFLO 2/3/2014 0.15 0.15 -- 0.18 -- -- 0.14 0.38 -- -- 0.26 ishares Short Treasury Bond ETF SHV 1/5/2007 0.15 0.15 -- 0.12 0.05 -- 0.90 0.14 0.05 -- 0.91 ishares 1-3 Year Treasury Bond ETF SHY 7/22/2002 0.15 0.15 -- 0.78 0.75 2.36 2.21 0.78 0.77 2.35 2.21 ishares 3-7 Year Treasury Bond ETF IEI 1/5/2007 0.15 0.15 -- 2.84 3.16 -- 4.60 2.86 3.19 -- 4.60 ishares 7-10 Year Treasury Bond ETF IEF 7/22/2002 0.15 0.15 -- 3.72 5.53 6.18 5.50 3.70 5.57 6.17 5.50 ishares 10-20 Year Treasury Bond ETF TLH 1/5/2007 0.15 0.15 -- 4.18 7.27 -- 6.94 4.16 7.28 -- 6.95 ishares 20+ Year Treasury Bond ETF TLT 7/22/2002 0.15 0.15 -- 2.44 10.41 7.99 7.52 2.42 10.42 7.98 7.51 ishares Agency Bond ETF AGZ 11/5/2008 0.20 0.20 -- 1.84 2.31 -- 3.13 1.62 2.33 -- 3.13 MUNICIPAL BONDS ishares National Muni Bond ETF MUB 9/7/2007 0.25 0.25 -- 3.65 5.19 -- 4.49 3.48 5.30 -- 4.49 ishares Short-Term National Muni Bond ETF SUB 11/5/2008 0.25 0.25 -- 0.96 1.10 -- 1.80 1.08 1.13 -- 1.80 ishares Short Maturity Municipal Bond ETF MEAR 3/3/2015 0.25 0.25 -- 0.79 -- -- 0.71 0.85 -- -- 0.73 ishares California Muni Bond ETF CMF 10/4/2007 0.25 0.25 -- 3.86 6.28 -- 5.08 3.59 6.46 -- 5.09 ishares New York Muni Bond ETF NYF 10/4/2007 0.25 0.25 -- 3.84 5.38 -- 4.58 3.16 5.06 -- 4.55 ibonds Sep 2016 Term Muni Bond ETF IBME 1/7/2010 0.18 0.30 Term of Fund 0.14 2.09 -- 2.38 0.06 1.97 -- 2.35 ibonds Sep 2017 Term Muni Bond ETF IBMF 1/7/2010 0.18 0.30 Term of Fund 0.51 2.76 -- 2.97 0.47 2.69 -- 2.99 ibonds Sep 2018 Term Muni Bond ETF IBMG 3/19/2013 0.18 0.30 Term of Fund 1.28 -- -- 1.64 1.59 -- -- 1.71 ibonds Sep 2019 Term Muni Bond ETF IBMH 2/4/2014 0.18 0.30 Term of Fund 2.07 -- -- 2.20 1.90 -- -- 2.29 ibonds Sep 2020 Term Muni Bond ETF IBMI 8/12/2014 0.18 0.30 Term of Fund 2.89 -- -- 2.92 2.68 -- -- 3.01 ibonds Dec 2021 Term Muni Bond ETF IBMJ 9/1/2015 0.18 0.30 Term of Fund -- -- -- 4.03 -- -- -- 4.11 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 visiting www.ishares.com or www.blackrock.com. 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. 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.

Expense Ratio (%) Quarterly NAV Returns (%) (as of 3/31/16) Quarterly Price Returns (%) (as of 3/31/16) Inception Contractual Ticker Date Net Gross Waiver Expiration Fund 1yr Fund 5y Fund 10y Inception Fund 1yr Fund 5y Fund 10y Inception ibonds Dec 2022 Term Muni Bond ETF IBMK 9/1/2015 0.18 0.30 Term of Fund -- -- -- 5.00 -- -- -- 5.00 INFLATION ishares TIPS Bond ETF TIP 12/4/2003 0.20 0.20 -- 1.33 2.88 4.48 4.38 1.25 2.87 4.47 4.38 ishares 0-5 Year TIPS Bond ETF STIP 12/1/2010 0.10 0.20 2/28/2019 1.31 0.58 -- 1.01 1.31 0.59 -- 1.03 ishares Global Inflation-Linked Bond ETF GTIP 5/18/2011 0.40 0.40 -- 0.31 -- -- 0.90 0.08 -- -- 0.88 ishares International Inflation-Linked Bond ETF ITIP 5/18/2011 0.40 0.40 -- 0.00 -- -- -1.33-0.12 -- -- -1.38 CREDIT ishares Core U.S. Credit Bond ETF CRED 1/5/2007 0.15 0.15 -- 0.74 4.75 -- 5.27 0.56 4.71 -- 5.27 ishares 1-3 Year Credit Bond ETF CSJ 1/5/2007 0.20 0.20 -- 1.18 1.54 -- 2.99 1.21 1.53 -- 2.98 ishares Intermediate Credit Bond ETF CIU 1/5/2007 0.20 0.20 -- 1.56 3.72 -- 4.75 1.64 3.75 -- 4.75 ishares 10+ Year Credit Bond ETF CLY 12/8/2009 0.20 0.20 -- -1.20 7.24 -- 7.31-1.19 7.23 -- 7.35 ishares iboxx $ Investment Grade Corporate Bond ETF LQD 7/22/2002 0.15 0.15 -- 0.82 5.73 5.91 5.78 1.01 5.79 5.90 5.78 ishares Interest Rate Hedged Corporate Bond ETF LQDH 5/27/2014 0.25 0.44 2/28/2017-2.83 -- -- -2.43-3.15 -- -- -2.57 ishares 0-5 Year Investment Grade Corporate Bond ETF SLQD 10/15/2013 0.15 0.15 -- 1.49 -- -- 1.77 1.19 -- -- 1.81 ishares Interest Rate Hedged Emerging Markets Bond ETF EMBH 7/22/2015 0.50 1.13 2/28/2017 -- -- -- -1.92 -- -- -- -1.80 ishares Interest Rate Hedged 10+ Year Credit Bond ETF CLYH 7/22/2015 0.30 0.53 2/28/2017 -- -- -- -4.83 -- -- -- -5.19 ishares Aaa - A Rated Corporate Bond ETF QLTA 2/14/2012 0.15 0.15 -- 2.27 -- -- 3.45 2.86 -- -- 3.56 ishares Baa - Ba Rated Corporate Bond ETF QLTB 4/24/2012 0.30 0.30 -- -0.65 -- -- 4.05-0.88 -- -- 4.16 ishares B - Ca Rated Corporate Bond ETF QLTC 4/24/2012 0.35 0.35 -- -7.13 -- -- 2.86-6.25 -- -- 2.98 ishares Floating Rate Bond ETF FLOT 6/14/2011 0.20 0.20 -- 0.08 -- -- 0.78 0.10 -- -- 0.79 ibonds Mar 2018 Term Corporate ETF IBDB 7/9/2013 0.10 0.11 Term of Fund 1.02 -- -- 2.53 1.09 -- -- 2.69 ibonds Mar 2020 Term Corporate ETF IBDC 7/9/2013 0.10 0.11 Term of Fund 1.61 -- -- 4.20 1.74 -- -- 4.54 ibonds Mar 2023 Term Corporate ETF IBDD 7/9/2013 0.10 0.11 Term of Fund 2.19 -- -- 5.27 2.52 -- -- 5.59 ibonds Dec 2016 Term Corporate ETF IBDF 5/28/2014 0.10 0.10 -- 0.86 -- -- 0.75 0.42 -- -- 0.81 ibonds Dec 2018 Term Corporate ETF IBDH 5/28/2014 0.10 0.10 -- 1.32 -- -- 1.54 1.35 -- -- 1.86 ibonds Dec 2017 Term Corporate ETF IBDJ 3/10/2015 0.10 0.10 -- 1.14 -- -- 1.34 0.93 -- -- 1.64 ibonds Dec 2019 Term Corporate ETF IBDK 3/10/2015 0.10 0.10 -- 1.77 -- -- 2.41 1.59 -- -- 2.93 ibonds Dec 2020 Term Corporate ETF IBDL 12/2/2014 0.10 0.10 -- 2.01 -- -- 3.29 1.92 -- -- 3.80 ibonds Dec 2021 Term Corporate ETF IBDM 3/10/2015 0.10 0.10 -- 1.68 -- -- 2.59 1.83 -- -- 3.23 ibonds Dec 2022 Term Corporate ETF IBDN 3/10/2015 0.10 0.10 -- 2.17 -- -- 3.02 2.48 -- -- 3.66 ibonds Dec 2023 Term Corporate ETF IBDO 3/11/2015 0.10 0.10 -- 2.07 -- -- 2.93 2.58 -- -- 3.77 ibonds Dec 2024 Term Corporate ETF IBDP 3/11/2015 0.10 0.10 -- 1.46 -- -- 2.35 1.85 -- -- 3.07 ibonds Dec 2025 Term Corporate ETF IBDQ 3/11/2015 0.10 0.10 -- 1.91 -- -- 2.89 1.97 -- -- 3.38 ibonds Mar 2018 Term Corporate ex-financials ETF IBCC 4/17/2013 0.10 0.10 -- 0.94 -- -- 1.04 0.41 -- -- 1.09 ibonds Mar 2020 Term Corporate ex-financials ETF IBCD 4/17/2013 0.10 0.10 -- 1.70 -- -- 1.84 1.70 -- -- 2.05 ibonds Mar 2023 Term Corporate ex-financials ETF IBCE 4/17/2013 0.10 0.10 -- 2.74 -- -- 2.27 2.25 -- -- 2.36 HIGH YIELD ishares iboxx $ High Yield Corporate Bond ETF HYG 4/4/2007 0.50 0.50 -- -4.97 3.98 -- 4.82-4.60 3.92 -- 4.81 ishares Interest Rate Hedged High Yield Bond ETF HYGH 5/27/2014 0.55 1.14 2/28/2017-6.88 -- -- -5.14-8.38 -- -- -5.25 ishares 0-5 Year High Yield Corporate Bond ETF SHYG 10/15/2013 0.30 0.50 1/0/1900-3.40 -- -- 0.16-3.37 -- -- 0.32 ishares Global High Yield Corporate Bond ETF GHYG 4/3/2012 0.40 0.55 2/28/2017-2.20 -- -- 3.37-2.31 -- -- 3.24 ishares International High Yield Bond ETF HYXU 4/3/2012 0.40 0.55 2/28/2017 4.56 -- -- 2.77 4.74 -- -- 3.00

Expense Ratio (%) Quarterly NAV Returns (%) (as of 3/31/16) Quarterly Price Returns (%) (as of 3/31/16) Inception Contractual Ticker Date Net Gross Waiver Expiration Fund 1yr Fund 5y Fund 10y Inception Fund 1yr Fund 5y Fund 10y Inception ishares Emerging Markets High Yield Bond ETF EMHY 4/3/2012 0.50 0.50 -- 5.34 -- -- 4.31 5.45 -- -- 4.44 CONVERTIBLES ishares Convertible Bond ETF ICVT 6/2/2015 0.35 0.35 -- -- -- -- -9.44 -- -- -- -10.93 MORTGAGE BACKED ishares MBS ETF MBB 3/13/2007 0.29 0.29 -- 2.10 2.97 -- 4.20 2.04 2.97 -- 4.20 ishares CMBS ETF CMBS 2/14/2012 0.25 0.25 -- 2.32 -- -- 3.33 2.24 -- -- 3.33 ishares GNMA Bond ETF GNMA 2/14/2012 0.15 0.18 2/28/2019 1.85 -- -- 1.64 1.73 -- -- 1.59 INTERNATIONAL/GLOBAL ishares 1-3 Year International Treasury Bond ETF ISHG 1/21/2009 0.35 0.35 -- 5.08-3.95 -- -0.89 4.92-4.03 -- -0.93 ishares International Treasury Bond ETF IGOV 1/21/2009 0.35 0.35 -- 6.58 0.34 -- 2.27 6.42 0.25 -- 2.25 EMERGING MARKETS ishares J.P. Morgan USD Emerging Markets Bond ETF EMB 12/17/2007 0.40 0.60 2/28/2018 3.46 5.48 -- 6.26 3.30 5.43 -- 6.28 ishares Emerging Markets Local Currency Bond ETF LEMB 10/18/2011 0.50 0.50 -- -0.85 -- -- -0.73-1.44 -- -- -0.78 ishares Emerging Markets Corporate Bond ETF CEMB 4/17/2012 0.50 0.50 -- 1.95 -- -- 3.10 3.56 -- -- 3.54

Yield curves differing credit qualities (as of 3/31/16) With a comprehensive suite of fixed income ishares ETFs, investors can build a fixed income allocation based on risk/return objectives, balancing yield, duration and credit quality. 8 7 High Yield Corporate / HYG 6 Hedged High Yield / HYGH Short-Term High Yield Corporate / SHYG 30 Day SEC Yield 5 4 3 Intermediate Credit / CIU Local Currency EM Bonds / LEMB Emerging Market Bonds / EMB Credit / CRED Investment Grade Corporate / LQD Core Long-Term U.S. Bond / ILTB 2 1 1-3 Year Credit / CSJ Floating Rate / FLOT Short Maturity Bond ETF / NEAR MBS / MBB Core Total U.S. Bond Market / AGG Core Short-Term U.S. Bond / ISTB 3-7 Year Treasury / IEI TIPS / TIP Munis / MUB 7-10 Year Treasury / IEF 10-20 Year Treasury / TLH 20+ Year Treasury / TLT 0 Short Treasury / SHV 1-3 Year Treasury / SHY 0 2 4 6 8 10 12 14 16 18 Duration Source: BlackRock, as of 3/31/16. 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. 2016 Blackrock. All rights reserved.

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 www.ishares.com or www.blackrock.com. 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. Tax Equivalent Yields are calculated using the highest federal individual income tax rate of 43.4% (inclusive of the Medicare Contribution Tax). The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock ). The ishares Funds are not sponsored, endorsed, issued, sold or promoted by JPMorgan Chase & Co. or Markit Indices Limited. Neither of these companies make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with the companies listed above. Weighted Average Maturity: The average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date. Effective Duration: Measures the responsiveness of a portfolio s price to change in interest rates. This calculation adjusts for changes in a bond s projected cash flows as a result of interest rate changes, considering the likelihood that bonds will be called or prepaid before the scheduled maturity date, and is based on proprietary BlackRock models. Where appropriate, Effective Duration has been adjusted for impacts associated with leverage, hedging transactions, and non-bond holdings, including derivatives. Option Adjusted Spread: The weighted average incremental yield earned over similar duration US Treasuries, measured in basis points. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date. 30 Day SEC Yield: A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. This yield reflects the interest earned after deducting the fund's expenses during the most recent 30-day period by the average investor in the fund. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. Unsubsidized 30-Day SEC Yield: Represents what a fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place over the period. Tax Equivalent SEC Yield: Tax equivalent yield (TEY) is used by investors to compare yields on taxable and tax-exempt securities after accounting for taxes. TEY represents the yield a taxable bond would have to earn in order to match, after taxes, the yield available on a tax-exempt municipal bond. The highest Federal and State individual income tax rates are assumed. ishares and BLACKROCK are registered trademarks of BlackRock. All other marks are the property of their respective owners. is-17937-0316