BYLD vs. IYLD ETF Comparison

Comparison of iShares Yield Optimized Bond ETF (BYLD) to iShares Morningstar Multi-Asset Income ETF (IYLD)

BYLD

iShares Yield Optimized Bond ETF

BYLD Description

The investment seeks to track the investment results of an index composed of underlying fixed income funds that collectively seek to deliver current income. The fund invests primarily in underlying funds that themselves seek investment results corresponding to their own underlying indexes. The fund also invests in a combination of other exchange-traded funds ("ETFs") (including other iShares ETFs), cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates ("BlackRock Cash Funds"). The underlying index is a broadly diversified fixed income index that seeks to deliver current income.

Grade (RS Rating)

Last Trade

$22.79

Average Daily Volume

66,662

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

IYLD

iShares Morningstar Multi-Asset Income ETF

IYLD Description

The investment seeks to track the investment results of the Morningstar® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.

Grade (RS Rating)

Last Trade

$20.59

Average Daily Volume

14,421

Number of Holdings ^*

11

* may have additional holdings in another (foreign) market

Performance

Period	BYLD	IYLD
30 Days	1.43%	1.36%
60 Days	2.20%	3.95%
90 Days	4.28%	4.86%
12 Months	14.17%	17.21%

2 Overlapping Holdings

	Symbol	Grade	Weight in BYLD	Weight in IYLD	Overlap
	FLOT	A	9.91%	14.78%	9.91%
	USHY	A	20.0%	14.91%	14.91%

BYLD Overweight 4 Positions Relative to IYLD

	Symbol	Grade	Weight
	IGLB	A	26.37%
	SGOV	B	23.56%
	CMBS	B	10.04%
	EMHY	A	10.02%

BYLD Underweight 9 Positions Relative to IYLD

	Symbol	Grade	Weight
	PFF	A	-15.3%
	ISTB	A	-14.87%
	ILF	D	-10.52%
	EFV	C	-9.37%
	LEMB	B	-5.05%
	CEMB	A	-4.97%
	AGZ	A	-4.95%
	USRT	C	-3.3%
	REET	C	-1.73%

BYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Swaps Bond Market Corporate Bond Index Fund Cash And Cash Equivalents Commercial Mortgage Commercial Mortgage Backed Security Commercial Mortgage Securities Association Futures Markets High Yield Debt Money Market Fund Morningstar Mlp Composite Index Tr Mortgage Mortgage Backed Security Public–Private Investment Program For Legacy Assets Salomon Big Structured Finance

IYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Index Fund Bond Market Corporate Bond Bloomberg Barclays Us Aggregate Bond Index Exchange Traded Funds Real Estate Investment Trust U.S. Government Barclays U.S. Government Bond Market Indices Currency Debenture Debt EAFE Epra Index European Public Real Estate Association Futures Markets Investment Trust