SHY

Data as of September 30, 2011

iShares Barclays 1-3 Year Treasury

Bond Fund

Fund Description Fund Details

The iShares Barclays 1-3 Year Treasury Bond Fund seeks investment results that correspond generally to Ticker SHY
the price and yield performance, before fees and expenses, of the short-term sector of the United States Inception Date 07/22/02
Treasury market as defined by the Barclays Capital U.S. 1-3 Year Treasury Bond Index ("the Index"). Management Fees 0.15%
Acquired Fund Fees & Expenses † 0.00%
Total Annual Fund Operating 0.15%
Index Description Expenses
The Index is market capitalization weighted and includes all of the securities that meet the Index criteria. IOPV Ticker SHY.IV
The Index includes all publicly issued, U.S. Treasury securities that have a remaining maturity of between IOPV, or Indicative Optimized Portfolio Value, is a
calculation disseminated by the stock exchange that
1 and 3 years, are non-convertible, are denominated in U.S. dollars, are rated investment grade (Baa3 or approximates the Fund's NAV every fifteen seconds
better) by Moody's Investors Service, are fixed rate, and have $250 million or more of outstanding face throughout the trading day.
value. Excluded from the Index are certain special issues, such as flower bonds, targeted investor notes CUSIP 464287457
(TINs), and state and local government bonds (SLGs), and coupon issues that have been stripped from Stock Exchange NYSE Arca
assets already included. Net Assets $9.47 Billion
Effective Duration ^ 1.85 Years
Wt Avg Maturity ^^ 1.87 Years
Fund Performance History As of September 30, 2011
Since Fund # of Holdings 42
Quarter 1 Year 3 Year 5 Year 10 Years Inception
† "Acquired Fund Fees and Expenses" reflect the
Fund 0.45% 1.08% 2.25% 3.73% n/a 3.04% Fund's pro rata share of the indirect fees and
Index 0.50% 1.20% 2.44% 3.86% 3.33% 3.17% expenses incurred by investing in one or more
acquired funds, such as mutual funds, business
After Tax Held n/a 0.76% 1.64% 2.80% n/a 2.14%
development companies or other pooled investment
After Tax Sold n/a 0.70% 1.58% 2.66% n/a 2.07% vehicles. Acquired Fund Fees and Expenses are
Market Price Returns 0.51% 1.13% 2.20% 3.74% n/a 3.04% reflected in the prices of the acquired funds and
thus included in the total returns of the Fund.
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
Index Characteristics
month end may be obtained by calling toll-free 1-800-iShares (1-800-474-2737) or by visiting Effective Duration ^ 1.82 Years
www.iShares.com. Wt Avg Maturity ^^ 1.94 Years
After Tax Held Returns represent return after taxes on distributions. Assumes shares have not been sold. Wt Avg Coupon 1.66%
After Tax Sold Returns represent the return after taxes on distributions and the sale of fund shares. Wt Avg Price $102.67
Returns are average annualized total returns, except those for periods of less than one year, which are # of Holdings 68
cumulative. Market returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time ^ Effective Duration is a measure of the potential
(when NAV is normally determined for most iShares Funds), and do not represent the returns you would responsiveness of a bond or portfolio price to small parallel
receive if you traded shares at other times. shifts in interest rates. Effective Duration takes into account
Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes the possible changes in expected bond cash flows due to
are unmanaged and one cannot invest directly in an index. After-tax returns are calculated using the small parallel shifts in interest rates.
historical highest individual federal marginal income tax rates and do not reflect the impact of state and ^^ Weighted Average Maturity is the mean of the remaining
local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those term to maturity of the underlying bonds in a portfolio or
shown. The after-tax returns shown are not relevant to investors who hold their fund shares through index.
tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Top Ten Holdings Maturity Breakdown Credit Ratings
S&P/Moody's S&P/ Moody's

TREASURY NOTE 15.26% 0 - 1 year 6.86% AAA/Aaa 0.00%/99.68%

TREASURY NOTE 8.40% 1 - 5 years 92.29% AA+/Aa1 99.68%/0.00%
TREASURY NOTE 7.89% AA/Aa2 0.00%/0.00%

TREASURY NOTE 6.22% AA-/Aa3 0.00%/0.00%

A+/A1 0.00%/0.00%
TREASURY NOTE 5.92%
A/A2 0.00%/0.00%
TREASURY NOTE 5.59%
A-/A3 0.00%/0.00%
TREASURY NOTE 5.53%
BBB+/Baa1 0.00%/0.00%
TREASURY NOTE 5.39%
BBB/Baa2 0.00%/0.00%
TREASURY NOTE 4.71%
BBB-/Baa3 0.00%/0.00%
TREASURY NOTE 2.97%
BB+/Ba1 0.00%/0.00%
BB/Ba2 0.00%/0.00%
BB-/Ba3 0.00%/0.00%
Holdings are subject to change.
B+/B1 0.00%/0.00%
B/B2 0.00%/0.00%
B-/B3 0.00%/0.00%
CCC+/Caa1 0.00%/0.00%
CCC/Caa2 0.00%/0.00%
CCC-/Caa3 0.00%/0.00%
CC/Ca 0.00%/0.00%
C/C 0.00%/0.00%
CI/- 0.00%/--
R/- 0.00%/--
SD/- 0.00%/--
D/- 0.00%/--
Not Rated 0.00%/0.00%
Other 0.32%/0.32%
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.
An investment in the fund(s) is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bonds and bond funds will decrease in value as interest rates rise.
Index yield does not represent the iShares dividend yield. Shares of iShares Funds are bought and sold at market price (not NAV) and are not individually redeemed
iS-1738-1209 iS-SHY-F0911

from the Fund. Brokerage commissions will reduce returns.

The iShares Funds are not sponsored, endorsed or issued by Barclays Capital. 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 company 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.

Not FDIC Insured • No bank guarantee • May lose value

FOR MORE INFORMATION, VISIT WWW.ISHARES.COM OR CALL 1-800 ISHARES (1-800-474-2737)