BlackRock Allocation Target Shares Series S

Class S (BRASX)

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 12.05 31.49 -19.44
Stocks 0.0 0.0 0.0
Bonds 97.64 0.0 97.64
Other 0.05 0.05 0.0
Foreign Bonds 20.75 0.1 20.65
Foreign Stocks 0.0 0.0 0.0
Convertible 1.16 0.0 1.16
Preferred 0.0 0.0 0.0

Updated 03.31.2013

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 03.31.2013

% Net Assets
US Treasury Note 1.875% 2.71
Goldman Sachs Grp 5.95% 2.53
Fannie Mae Single Family TBA 3% 2028-04-01 2.09
US Treasury Note 0.375% 1.99
Fannie Mae Single Family TBA 2.5% 2028-04-01 1.96
BEAR STEARNS CMBS 2005-PWR8 1.94
Mylan 144A 7.625% 1.87
Citigroup 1.25% 1.57
Morgan Stanley Cap 2003-Iq6 CMO 4.97% 1.54
Csfb Coml Mtg Ptc 2007-C4 CMO 1.34
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