BlackRock Allocation Target Shares Series S

Class S (BRASX)

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 5.26 33.14 -27.87
Stocks 0.0 0.0 0.0
Bonds 111.55 0.0 111.55
Other 0.15 0.03 0.12
Foreign Bonds 15.65 0.09 15.56
Foreign Stocks 0.0 0.0 0.0
Convertible 0.64 0.0 0.64
Preferred 0.0 0.0 0.0

Updated 01.31.2014

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 01.31.2014

% Net Assets
US Treasury Note 0.625% 10.3
US Treasury Note 0.625% 3.4
Fannie Mae Single Family TBA 3% 2029-02-01 3.12
US Treasury Note 0.75% 2.69
Fannie Mae Single Family TBA 2.5% 2029-02-01 2.3
Verizon Comms 2.5% 2.07
Citibank Ccit 2007-A8 5.65% 1.95
US Treasury Note 0.625% 1.58
Fed Natl Mort Assc 3.5% 1.5
JP MORGAN COM MTG 2006-LDP9 5.336% 1.45