FALN ETF Profile

Family:	Blackrock (iShares)
Name:	iShares Fallen Angels USD Bond ETF

Inception Date:	14-Jun-2016
Termination Date:
Investment Objective:	The ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds that were previously rated investment grade. Bonds are market value weighted with a 3% cap on each issuer. The bonds eligible for inclusion in the Underlying Index are U.S. dollar-denominated corporate bonds that: (i) are issued by companies domiciled in countries classified as developed markets by the index provider (based primarily on World Bank income classifications); (ii) have an average rating of below-investment grade; (iii) previously had an average rating of investment grade; (iv) have at least $150 million of outstanding face value;(v) have a fixed-rate coupon; and (vi) have at least one year to maturity. Securities in the Underlying Index must be rated below-investment grade (lower than BBB- by Standard & Poors Ratings Services and Fitch, or Baa3 by Moodys) using the middle rating of Moodys, Standard and Poors Ratings Services, or Fitch after dropping the highest and lowest available ratings. When a rating from only two agencies is available, the lower rating is used. When a rating from only one agency is available, that rating is used to determine eligibility in the Underlying Index.

Prospectus

Top 10 Holdings
	Top 10 Holdings Weight:

Number of Holdings:
Shares Outstanding:	61,950,000
Total Net Assets:	1,629,905,000
NAV:	26.20
Net Expense Ratio:	0.25%

Asset Class:	Bonds
Developed or Emerging:	Developed Market Funds
Country:	US
Region:
Strategy:
Currency:
Commodity:
Sector:
Industry:
Dividend Type:
Tax Exempt State:
Maturity Duration:	Fund Holds All Maturity Ranges
Market Cap:
Credit Quality:	High Yield
Mortgage Bond Types:
Bond Type:	Corporate
Gov't Bond Types:
Reit Type:
Leverage Direction/Factor:
Is Currency Hedged:	No
US or Ex-US:	Domestic