BlackRock Global Long/Short Credit Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 40.0 6.8 33.21
Stocks 2.29 0.0 2.29
Bonds 27.52 20.57 6.94
Other 6.05 0.19 5.87
Foreign Bonds 52.05 8.03 44.02
Foreign Stocks 0.83 0.0 0.83
Convertible 5.55 0.0 5.55
Preferred 1.3 0.0 1.3

Updated 05.31.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 05.31.2014

% Net Assets
US Treasury Note 2.75% 7.48
US Treasury Bond 3.75% 2.54
Volkswagen Intl Cv 5.5% 2.45
US Treasury Note 2.5% 2.01
US Treasury Note 1.625% 1.82
US Treasury Note 1.5% 1.75
Italy(Rep Of) 4.75% 1.36
Italy(Rep Of) 4.75% 1.35
Spain(Kingdom Of) 5.5% 1.1
Spain(Kingdom Of) 4.6% 1.1