BlackRock Expands iSharesBondsTM Suite of Defined Maturity ETFs

  BlackRock Expands iSharesBondsTM Suite of Defined Maturity ETFs

   iSharesBonds provide efficient access to corporate credit with a defined
                                maturity date

Business Wire

NEW YORK -- July 10, 2013

BlackRock, Inc. (NYSE: BLK) announced today that its iShares Exchange Traded
Funds (ETFs) business, the world’s largest manager of ETFs^1, has expanded its
suite of iSharesBonds^TM with four new Corporate Term ETFs. These new products
offer investors efficient access to a diversified pool of investment grade
corporate credit securities with a defined maturity date, daily liquidity and
price transparency.

For investors who are concerned about rising rates, the interest rate
sensitivity of the iSharesBonds Corporate Term ETFs will decline through time
as the funds approach maturity. If iSharesBonds are held until maturity,
investors can expect to experience a yield that is similar to the yield to
maturity of the underlying bonds held in the ETF. iSharesBonds can be utilized
to target and manage interest rate risk, just like with a portfolio of
individual bonds. Investors can also construct a bond ladder using
iSharesBonds to help achieve a well-diversified portfolio for investments of
almost any size.

The four iSharesBonds launched today are as follows:

  *iSharesBond 2016 Corporate Term ETF (NYSEArca: IBDA)
  *iSharesBond 2018 Corporate Term ETF (NYSEArca: IBDB)
  *iSharesBond 2020 Corporate Term ETF (NYSEArca: IBDC)
  *iSharesBond 2023 Corporate Term ETF (NYSEArca: IBDD)

iShares previously launched four iSharesBonds Corporate ex-Financials Term
ETFs in April 2013. In the two months since launch the funds’ Assets Under
Management (AUM) have grown over 30%, illustrating the strong demand investors
have for iSharesBonds defined maturity ETFs.

Matthew Tucker, Head of iShares Fixed Income Investment Strategy commented:

“iSharesBonds give investors an entirely new way to access the bond market,
one that combines the benefits of both individual bonds and traditional ETFs.
We expect the funds to be used by any investor who would use individual bonds,
for building diversified portfolios, managing interest rate risk, and
constructing bond ladders.

“Meeting our clients’ needs for efficient access to fixed income lies at the
heart of the innovation of iSharesBonds. The launch of these four new
iSharesBonds Corporate Term ETFs represents our continued commitment to
innovation and bringing the best of BlackRock to our clients.”

About BlackRock

BlackRock is a leader in investment management, risk management and advisory
services for institutional and retail clients worldwide. At March 31, 2013,
BlackRock’s AUM was $3.936 trillion. BlackRock helps clients meet their goals
and overcome challenges with a range of products that include separate
accounts, mutual funds, iShares^®  (exchange-traded funds), and other pooled
investment vehicles. BlackRock also offers risk management, advisory and
enterprise investment system services to a broad base of institutional
investors through BlackRock Solutions^®. Headquartered in New York City, as of
March 31, 2013, the firm has approximately 10,600 employees in 30 countries
and a major presence in key global markets, including North and South America,
Europe, Asia, Australia and the Middle East and Africa. For additional
information, please visit the Company's website at

About iShares

iShares is a global product leader in exchange traded funds with over 600
funds globally across equities, fixed income and commodities, which trade on
20 exchanges worldwide. The iShares Funds are bought and sold like common
stocks on securities exchanges. The iShares Funds are attractive to many
individual and institutional investors and financial intermediaries because of
their relative low cost, tax efficiency and trading flexibility. Investors can
purchase and sell shares through any brokerage firm, financial advisor, or
online broker, and hold the funds in any type of brokerage account. The
iShares customer base consists of the institutional segment of pension plans
and fund managers, as well as the retail segment of financial advisors and
high net worth individuals.

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 Read the prospectus carefully
before investing.

Investing involves risk, including possible loss of principal. Transactions in
shares of the iShares Funds will result in brokerage commissions and will
generate tax consequences. iShares Funds are obliged to distribute portfolio
gains to shareholders. Shares of the iShares Funds may be sold throughout the
day on the exchange through any brokerage account. However, shares may only be
redeemed directly from a Fund by Authorized Participants, in very large
creation/redemption units. There can be no assurance that an active trading
market for shares of an ETF will develop or be maintained. Diversification may
not protect against market risk or loss of principal.

Bonds and bond funds will decrease in value as interest rates rise and are
subject to credit risk, which refers to the possibility that the debt issuers
will not be able to make principal and interest payments. Narrowly focused
investments typically exhibit higher volatility and are subject to greater
geographic or asset class risk. Shares of the Fund trade at market price,
which may be greater or less than net asset value.

The Fund will terminate on or about March 31 of the year in Fund’s name. An
investment in the Fund(s) is not guaranteed, and an investor may experience
losses, including near or at the termination date. In the final months of the
Fund’s operation, as the bonds it holds mature, its portfolio will transition
to cash and cash-like instruments. Following the Fund’s termination date, the
Fund will distribute substantially all of its net assets, after deduction of
any liabilities, to then-current investors without further notice and will no
longer be listed or traded. The Funds do not seek to return any predetermined

During the twelve months prior to the Fund’s planned termination date, its
yield will generally tend to move toward prevailing money market rates, and
may be lower than the yields of the bonds previously held by the Fund and
lower than prevailing yields for bonds in the market.

The rate of Fund distribution payments may adversely affect the tax
characterization of an investor’s returns from an investment in the Fund
relative to a direct investment in bonds. If the amount an investor receives
as liquidation proceeds upon the Fund’s termination is higher or lower than
the investor’s cost basis, the investor may experience a gain or loss for tax

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

The iShares Funds are not sponsored, endorsed or issued by Barclays Capital
Inc., nor does this company make any representation regarding the advisability
of investing in the Funds. BlackRock is not affiliated with the company listed

© 2013 BlackRock. All rights reserved. iSHARES, BLACKROCK, iSHARESBONDS and
BLACKROCK SOLUTIONS are registered and unregistered trademarks of BlackRock.
All other marks are those of their respective owners. iS-10123-0613

^1 Source: BlackRock ETP Landscape, May 2013


BlackRock, Inc.
Christine Hudacko, 415-670-2687
Melissa Garville, 212-810-5528
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