iShares Core ETFs — How the funds can work together

Expense N/
Exposure / Fund Name Ratio (%) Weight (%) A
U.S. Stocks
Large Cap 0.03 30 N/
IVV
iShares Core S&P 500 ETF A
Small Cap 0.06 3 N/
IJR
iShares Core S&P Small-Cap ETF A

International Stocks
Developed Markets 0.07 18 N/
IEFA
iShares Core MSCI EAFE ETF A
Emerging Markets 0.13 4 N/
IEMG
iShares Core MSCI Emerging Markets ETF A
This Core ETF Mix
U.S. Bonds
This is a moderate mix of iShares
Core Funds and is designed for Broad Market 0.06 24 N/
investors who tend to monitor ISTB
iShares Core 1-5 Year USD Bond ETF A
market swings or have
intermediate time horizons. This Broad Market 0.06 9 N/
IMTB
example has a 45% allocation to iShares Core 5-10 Year USD Bond ETF A
bonds and 55% toward equities. BlackRock Fund Advisors ("BFA"), the investment adviser to the Fund and an affiliate of
BlackRock Investments, LLC, has contractually agreed to waive a portion of its management
fees for this fund through Feb-28-2026. The gross expenses for this fund are 0.07%

International Bonds
International Bond 0.09 12 N/
IAGG
iShares Core International Aggregate Bond ETF A
100% unde

 
How to purchase iShares Funds
• Purchase directly through Fidelity, where iShares ETFs trade commission-free
online
• Purchase from any online, discount or full-service brokerage firm.

All-In-One Allocation
iShares Core Moderate Allocation ETF
AOM
Allocation: 100%, Expense Ratio: 0.25%

As a simpler approach, consider the iShares Core Moderate Allocation ETF. Designed for an investor with a more moderate
risk appetite, it combines a broad mix of iShares Core global stock and bond funds into one low-cost ETF.

WEIGHTED AVERAGE
EXPENSE RATIO* COMPOSITION

0.06% 55% 45%

Stocks Bonds

*The weighted average expense ratio is based on the proportional size of each fund's position in the sample, aggregated with all funds in the sample. The
net expense ratio is used for funds with fee waivers.

 
Exposures
Countries As of Oct-19-2020 Sectors As of Oct-19-2020

United States 59.80% Treasury 19.89%

Japan 6.39% Information Technology 11.20%
United Kingdom 3.95% Health Care 7.08%
China 3.87% Consumer Discretionary 6.91%
France 3.28% Financials 6.67%
Germany 3.10% Industrials 6.20%
Switzerland 2.04% Industrial 6.12%
Australia 1.75% MBS Pass-Through 5.49%
Italy 1.31% Communication 4.71%
Canada 1.23% Consumer Staples 4.40%

Top 10 Holdings As of Oct-19-2020 Credit Quality As of Oct-19-2020

APPLE INC Information 1.97% Cash and/or Derivatives 0.77%

Technology
AAA Rated 50.03%
MICROSOFT CORP Information 1.71%
AA Rated 9.58%
Technology
A Rated 17.06%
AMAZON COM INC Consumer 1.44%
Discretionary BBB Rated 14.75%
BLACKROCK CASH CL INST Cash and/or 1.20% BB Rated 3.08%
SL AGENCY Derivatives
Not Rated 1.83%
BLACKROCK CASH CL INST Cash and/or 1.01%
B Rated 2.24%
SL AGENCY Derivatives
CCC Rated 0.63%
TREASURY NOTE Treasury 0.69%
CC Rated 0.03%
FACEBOOK CLASS A INC Communication 0.66%
Credit quality ratings of the underlying securities within the fixed income
ALPHABET INC CLASS A Communication 0.48% fund(s) in the sample model are received from S&P, Moody's and Fitch
and converted to the equivalent S&P major rating category. This
ALPHABET INC CLASS C Communication 0.47% breakdown is provided by BlackRock and takes the median rating of the
three agencies when all three agencies rate a security the lower of the
BERKSHIRE HATHAWAY Financials 0.44% two ratings if only two agencies rate a security and one rating if that is all
INC CLASS B that is provided. Unrated securities do not necessarily indicate low
quality. Below investment-grade is represented by a rating of BB and
below. Ratings and portfolio credit quality may change over time.

Holdings and allocations are subject to change.

Source: BlackRock, Inc. Country, sector, credit quality provided are a weighted average based on the proportions of each fund that comprises the sample
model.

 
 Core Builder provides a sample of hypothetical model fund portfolios, based on varying degrees of market risk. The
hypothetical model fund portfolios are for illustrative purposes only, are provided as an educational tool, and are
not, and should not be relied upon as, an investment recommendation or as the primary basis for any investment
decisions. The hypothetical portfolios are not tailored to the investment objectives or needs of you or any other
investor. Prior to investing in any of the funds shown in any model portfolio, you should (i) consult with your financial
advisor to determine whether the specific funds are appropriate for you and, if so, how your investment plan should
be implemented, and (ii) consult with your tax advisor before taking any action that may have tax consequences.

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 the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully
before investing.

Investing involves risk, including possible loss of principal.

The factors upon which the hypothetical models are based, the asset allocation mix and the hypothetical model fund
portfolios may change at any time, and BlackRock will not notify you when such changes are made.
Following an asset allocation model to achieve diversification may not protect against market risk or loss of
principal. There can be no assurance that any Core Builder investment strategy will be successful. Past performance
does not guarantee future results.
International investing involves risks, including risks related to foreign currency, limited liquidity, less government
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These risks often are heightened for investments in emerging/ developing markets or in concentrations of single
countries.
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
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Transactions in shares of ETFs will result in brokerage commissions and will generate tax consequences. All
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