EMB

Data as of September 30, 2011

iShares JPMorgan USD Emerging
Markets Bond Fund
Fund Details
Ticker EMB
Inception Date 12/17/07
Management Fees 0.60%
Acquired Fund Fees & Expenses

0.00%
Total Annual Fund Operating
Expenses
0.60%
IOPV Ticker EMB.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 464288281
Stock Exchange NYSE Arca
Net Assets $3.06 Billion
Effective Duration ^ 7.02 Years
Wt Avg Maturity ^^ 11.61 Years
# of Holdings 96
"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
Effective Duration ^ 7.33 Years
# of Holdings 183
^ 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 JPMorgan USD Emerging Markets Bond Fund seeks results that correspond generally to the
price and yield performance, before fees and expenses, of the JPMorgan EMBI Global Core Index (the
Index).
Index Description
The Index is a broad, diverse U.S. dollar denominated emerging markets debt benchmark which tracks
the total return of actively traded external debt instruments in emerging market countries. The
methodology is designed to distribute the weights of each country within the Index by limiting the weights
of countries with higher debt outstanding and reallocating this excess to countries with lower debt
outstanding. The Index may change its composition and weighting monthly upon rebalancing. The Index
includes both fixed and floating-rate instruments issued by sovereign and quasi-sovereign entities from
index-eligible countries. Quasi-sovereign entities are entities whose securities are 100% owned by their
respective governments or subject to a 100% guarantee that does not rise to the level of constituting the
full faith and credit by such governments. Only those instruments which: (i) are denominated in U.S.
dollars; (ii) have a current face amount outstanding of $1 billion or more; (iii) have at least two years until
maturity; (iv) are able to settle internationally through Euroclear or another institution domiciled outside
the issuing country; and (v) have bid and offer prices that are available on a daily and timely basiseither
from an inter-dealer broker or JPMorganare considered for inclusion into the Index.
Fund Performance History As of September 30, 2011
Quarter 1 Year 3 Year 5 Year 10 Years
Since Fund
Inception
Fund -2.10% -0.05% 11.00% n/a n/a 6.92%
Index -2.00% 0.70% 11.78% n/a n/a 7.68%
After Tax Held n/a -1.77% 8.84% n/a n/a 4.91%
After Tax Sold n/a -0.03% 8.14% n/a n/a 4.70%
Market Price Returns -2.49% -0.37% 10.62% n/a n/a 6.95%
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.
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
Top Ten Holdings
PHILIPPINES (REPUBLIC OF) 4.35%
TURKEY (REPUBLIC OF) 3.74%
TURKEY (REPUBLIC OF) 3.65%
RUSSIAN (FEDERATION OF) 3.61%
BRAZIL (FEDERATIVE
REPUBLIC OF)
2.97%
PERU (THE REPUBLIC OF) 2.69%
INDONESIA (REPUBLIC OF) 2.59%
PETRONAS CAPITAL LTD. 2.56%
COLOMBIA (REPUBLIC OF) 2.46%
MEXICO (UNITED MEXICAN
STATES)
2.15%
Holdings are subject to change.
Maturity Breakdown
1 - 5 years 13.17%
5 - 10 years 43.88%
10 - 15 years 2.35%
15 - 20 years 12.29%
20 - 25 years 12.48%
25+ years 12.34%
Holdings by Country
Brazil 8.12%
Turkey 7.38%
Mexico 6.97%
Philippines 6.75%
Russian Federation 6.42%
Colombia 5.37%
Indonesia 4.94%
United States 4.87%
Peru 4.00%
Other 43.76%
Other countries include: Poland 3.73%, South Africa 3.34%, Lebanon 3.12%,
Venezuela 2.73%, Kazakhstan 2.69%, Ukraine 2.65%, Malaysia 2.56%, Hungary
2.51%, Panama 2.38%, Argentina 2.11%, Uruguay 2.09%, Lithuania 2.02%, Croatia
(Hrvatska) 1.82%, Chile 1.21%, Netherlands 1.02%, Iraq 1.00%, Virgin Islands
(British) 0.97%, Sri Lanka 0.89%, Ireland 0.85%, Bulgaria 0.64%, Dominican Republic
0.56%, Cote D'Ivoire (Ivory Coast) 0.55%, Luxembourg 0.53%, Egypt 0.49%, Vietnam
0.48%, El Salvador 0.48%, Belarus 0.35%
Holdings are subject to change.
Credit Ratings
S&P/Moody's S&P/ Moody's
AAA/Aaa 0.00%/3.74%
AA+/Aa1 2.72%/0.00%
AA/Aa2 0.00%/0.00%
AA-/Aa3 0.00%/0.78%
A+/A1 0.78%/0.44%
A/A2 0.44%/3.73%
A-/A3 6.29%/2.60%
BBB+/Baa1 4.31%/16.81%
BBB/Baa2 22.46%/6.56%
BBB-/Baa3 24.29%/17.72%
BB+/Ba1 4.94%/10.13%
BB/Ba2 15.64%/14.47%
BB-/Ba3 1.17%/1.65%
B+/B1 6.95%/2.36%
B/B2 2.02%/3.87%
B-/B3 0.35%/0.35%
Not Rated 6.22%/13.35%
Other 1.44%/1.44%
S&P CCC+, CCC, CCC-, CC, C, CI, R, SD, D
and Moody's Caa1, Caa2, Caa3, Ca and C rating
categories are not displayed due to "0.00%" holdings.
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. 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.
J.P. Morgan is a servicemark of JPMorgan Chase & Co. and has been licensed for use by BlackRock Institutional Trust Company, N.A. The iShares Funds are not
sponsored, endorsed, issued, sold or promoted by JPMorgan Chase & Co. 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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