iShares U.S. Intermediate Government Bond Index Fund

C000234050 Fund Overview

iShares U.S. Intermediate Government Bond Index Fund is a US mutual fund managed by Blackrock Funds, categorised as Short Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Blackrock Funds
• Category: Short Treasury / Sovereign Bond
• Assets under management: $7.17B
• 1-year return: 2.9%
• SEC CIK: 0000844779
• SEC series ID: S000075206
• Share class ID: C000234050

C000234050 Investment Objective and Strategy

iShares U.S. Intermediate Government Bond Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Blackrock Funds.

Investment objective

The investment objective of iShares U.S. Intermediate Government Bond Index Fund (the Fund), a series of BlackRock Funds SM (the Trust), is to seek to provide investment results that correspond to the total return performance of fixed-income securities, in aggregate, as represented by the Bloomberg U.S. Government: Intermediate Index (or the Underlying Index).

Principal investment strategy

Under normal circumstances, at least 90% of the value of the Funds assets, plus the amount of any borrowings for investment purposes, is invested in securities comprising the Bloomberg U.S. Government: Intermediate Index, which, for the Fund, are considered bonds issued or guaranteed by the U.S. Government and its agencies or instrumentalities. The Fund attempts to achieve, in both rising and falling markets, a correlation of at least 95% between the total return of its net assets before fees and expenses and the total return of the Funds benchmark index, the Bloomberg U.S. Government: Intermediate Index. Notwithstanding the factors described below, perfect (100%) correlation would be achieved if the total return of the Funds net assets, before fees and expenses, increased or decreased exactly as the total return of the Funds benchmark index increased or decreased.

The Funds ability to match its investment performance to the investment performance of its benchmark index may be affected by, among other things, the Funds expenses, the amount of cash and cash equivalents held by the Fund, the manner in which the total return of the Funds benchmark index is calculated, the size of the Funds investment portfolio, and the timing, frequency and size of shareholder purchases and redemptions. The Bloomberg U.S. Government: Intermediate Index is a capitalization weighted index that measures U.S. dollar-denominated, fixed-rate, nominal U.S. Treasuries and U.S. agency debentures (securities issued by U.S. government owned or government sponsored entities, and debt explicitly guaranteed by the U.S. government) with a maturity equal or greater than one year and less than ten years.

The index is rebalanced monthly. There were approximately 463 fixed-income securities included in the Bloomberg U.S. Government: Intermediate Index as of December 31, 2025. All securities in the Bloomberg U.S. Government: Intermediate Index are rated investment-grade. The Fund will be invested and reinvested primarily in U.S. debt securities with maturities greater than one year but less than ten years, with the objective of approximating as closely as practicable the total rate of return of the Bloomberg U.S. Government: Intermediate Index. Under normal circumstances, the Fund expects to have a dollar-weighted average maturity of three to ten years, although the Funds dollar-weighted average maturity may go below three years to the extent it does so for the benchmark index. The Fund utilizes sampling techniques that are designed to allow the Fund to duplicate substantially the investment performance of the Bloomberg U.S.

Government: Intermediate Index. However, the Fund is not expected to track the Bloomberg U.S. Government: Intermediate Index with the same degree of accuracy that complete replication of the Bloomberg U.S. Government: Intermediate Index would provide. No attempt is made to manage the Fund using economic, financial or market analysis. In addition, at times, the portfolio composition of the Fund may be altered (or rebalanced) to reflect changes in the characteristics of the index that the Fund tracks. The Fund also may engage in futures, forwards and options transactions and other derivative securities transactions and lend its portfolio securities, each of which involves risk. The Fund may use futures contracts, forwards, options and other derivative transactions to manage its short-term liquidity and/or as substitutes for comparable market positions in the securities in its benchmark index.

The Fund may also invest in high-quality money market instruments, including shares of money market funds advised by BFA or its affiliates.

C000234050 Holdings

Top 10 holdings of iShares U.S. Intermediate Government Bond Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000234050 holdings

C000234050 Portfolio Allocation

Asset-class allocation of iShares U.S. Intermediate Government Bond Index Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000234050 Performance

Total returns for C000234050 (as of 2026-10-01), from SEC filings.

C000234050 Risk Information

Risk metrics for C000234050, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 2.4%

C000234050 Costs and Fees

C000234050 costs about $0 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.00%
• Gross expense ratio: 0.10%
• Portfolio turnover: 34%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000234050 Cashflows

Over the 12 months to 2026-04, iShares U.S. Intermediate Government Bond Index Fund had net inflows of $2.60B, from monthly SEC N-PORT filings.

C000234050 Debt Constituents

Largest debt holdings of iShares U.S. Intermediate Government Bond Index Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000234050 Prospectus and SEC Filings

Official iShares U.S. Intermediate Government Bond Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-02-23
• Prospectus (485BPOS) — filed 2025-02-26
• Prospectus (485BPOS) — filed 2024-02-22
• Portfolio holdings (N-PORT) — filed 2026-09-25
• Portfolio holdings (N-PORT) — filed 2026-06-25
• Portfolio holdings (N-PORT) — filed 2026-03-26
• Annual census (N-CEN) — filed 2026-01-14
• Annual census (N-CEN) — filed 2025-01-13

Related Funds

Other Short Treasury / Sovereign Bond funds tracked on ABC INVEST:

• Vanguard Short-Term Bond Index Fund (VBISX)
• Vanguard Short-Term Treasury Index Fund (VSBSX)
• iShares 1-3 Year Treasury Bond ETF (SHY)
• iShares 0-5 Year TIPS Bond ETF (STIP)
• Schwab Short-Term U.S. Treasury ETF (SCHO)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.