BlackRock Health Sciences Ops Svc  SHISX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Health Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Large
   Growth
  
  
As of 2009-06-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 26.55
  
YTD Return % (2009-11-20)
21.79%
  
Total Assets ($ mil)
1,000
View Data Definitions
  Performance    
Growth of $10,000 Fund: BlackRock Health Sciences Ops Svc
(from 2005-01-28 to 2009-10-31) Category: Health
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2005-01-28 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 21.79 39.39 5.54 --- --- 8.64
+/- Category 11.74 30.64 8.16 --- --- ---
+/- S&P 500 TR -1.73 -9.41 11.44 --- --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 18.07 1.59 5.31 --- --- 9.41
Month-End (as of 2009-10-31) 15.05 13.06 3.84 --- --- 8.64
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 10.64 2.69 --- --- ---
On Distribution & Sale of Shares --- 9.52 2.85 --- --- ---
Morningstar Rating --- --- --- --- ---
# of compared funds covered (3 yrs : out of 151 funds), (5 yrs : out of funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is 2.00%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 4.84
Software 2.07
Hardware 2.76
Media 0.00
Telecommunications 0.00
Service 94.47
Healthcare 84.83
Consumer Services 8.46
Business Services 1.18
Financial Services 0.00
Manufacturing 0.69
Consumer Goods 0.00
Industrial Materials 0.69
Energy 0.00
Utilities 0.00
Asset Allocation
% of Net Assets
Cash 6.7
Stocks 93.3
Bonds 0.0
Other 0.0
Foreign Stocks 18.4
(as a % of Assets)
Data through 2009-06-30 Data through 2009-06-30
 
Holding Status
Total Number of Stock Holdings 79 Turnover % 91
Total Number of Bond Holdings 0 30 Day SEC Yield % 0.09
% of Assets in Top 10 Holdings 33.29 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Blackrock Liquidity Funds Tempfund Portfolio --- --- --- 6.70
Wyeth --- --- 6.27
CVS Caremark Corporation 12.66 11.15 3.95
WellPoint, Inc. 8.85 23.76 3.93
Alcon, Inc. 13.14 66.79 3.37
Pfizer Inc. 14.88 8.19 3.14
Amgen, Inc. 14.81 -4.10 2.77
Medco Health Solutions, Inc. 19.69 47.01 2.71
Roche Holding AG 31.75 6.86 2.54
Becton, Dickinson and Company 14.27 9.21 2.50
Data through 2009-06-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2005-01-28
Portfolio Manager  (Start Date)
Thomas P. Callan  (2005-01-31)
Callan, CFA, managing director and senior portfolio manager, is head of BlackRock's Global Opportunities equity team. He is architect of the team's investment process, leads the team's Investment Strategy Group, and provides portfolio and risk management oversight for all of the team's products. Prior to joining BlackRock in 1996, Callan was with the PNC Asset Mgmt Group, which he joined in 1992. Callan earned a BA degree in economics, with honors, from Boston College in 1981.
Erin Xie  (2003-07-31)
Xie is the managing director and Portfolio Manager of BlackRock Advisor.Before becoming part of BlackRock Advisors in 2005, she was with State Street Research & Management since 2001. Xie began her investment career as a pharmaceutical analyst for Sanford Bernstein in 1999.
Sales Charge %
(taken from prospectus dated 2009-01-28)
Front: None
Deferred: None
Expense Ratio % 1.35
based on net assets
(taken from annual report dated 2008-09-30)
Correspondence Information
---

,   
Telephone:
800-441-7762
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.