BlackRock Allocation Target Shares Series M

Class M (BRAMX)

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 77.07 62.4 14.66
Stocks 0.0 0.0 0.0
Bonds 54.11 0.0 54.11
Other 0.0 0.0 0.0
Foreign Bonds 32.71 1.48 31.23
Foreign Stocks 0.0 0.0 0.0
Convertible 0.0 0.0 0.0
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
Freddie Mac Gold Single Family TBA 4% 2044-02-01 6.26
Freddie Mac Gold Single Family TBA 3% 2044-02-01 5.67
Fannie Mae Single Family TBA 3% 2029-02-01 4.59
Fannie Mae Single Family TBA 2.5% 2029-02-01 4.46
BEAR STEARNS CMBS 2007-PWR17 4.35
Sallie Mae FRN 2.9
Ginnie Mae Jumbos TBA 3.5% 2044-02-01 2.72
Bear Stearns Cmbs 2004-Top16 CMO 2.64
CSFB COML MTG PTC 2006-C4 2.21
GNMA 4% 2.07