BlackRock equity solutions

*Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics, which are based on risk-adjusted returns, as of the date stated. Funds are rated from one to five stars, with the best performers receiving five stars and the worst performers receiving as single star.

1 Source: Prior to close of business on 11/15/2024, the Fund operated as an open-end mutual fund. The Fund has an identical investment objective and substantially similar investment strategies and investment risk profiles as the predecessor mutual fund. Performance for the periods prior to 6/12/17 shown above is based on the investment process and investment strategies utilized by the predecessor mutual fund when it followed a different investment objective, investment process and investment strategies under the name “BlackRock International Opportunities Portfolio.” The NAV returns are the returns of the Institutional Class Shares of the predecessor mutual fund prior to the Fund's commencement of operations, which had structural, regulatory, expense, and fee differences that may result in performance differences over time. Prior to the Fund's listing on 11/18/2024, the market price performance of the Fund uses the NAV returns of the Institutional Class Shares of the predecessor mutual fund as proxy market price returns. Please refer to the current prospectus for further information.

Source: Morningstar 12/31/24

Past performance does not guarantee future results. Morningstar ratings are based on risk adjusted returns. Morningstar rankings are based on total return. For more information on the Morningstar ratings and rankings please see the end of this page.

Percentile rank is a standardized way of ranking items within a peer group, in this case, funds with the same Morningstar category. The observation with the largest numerical value is ranked one; the observation with the smallest numerical value is ranked 100. The remaining observations are placed equal distance from one another on the rating scale. Note that lower percentile ranks are generally more favorable for returns (high returns), while higher percentile ranks are generally more favorable for risk measures (low risk).

The funds listed in the table above have been chosen by iShares product strategists to help represent potential investor portfolio objectives. The scope of the funds under consideration are iShares and BlackRock ETF and mutual fund offerings. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular and is subject to change.

As of 12/31/2024, the iShares Core S&P 500 ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 5 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. The iShares Core Dividend Growth ETF received a Morningstar Rating of 3 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Value Funds, respectively. The iShares MSCI USA Quality Factor ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. Equity Dividend Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Blend Funds, respectively. The iShares MSCI USA Value Factor ETF received a Morningstar Rating of 1 star for the 3-year period, 1 star for the 5-year period and 1 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Value Funds, respectively. The iShares MSCI USA Momentum Factor ETF received a Morningstar Rating of 2 stars for the 3-year period, 2 stars for the 5-year period and 4 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. The Large Cap Focus Growth Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1020, 1952 and 748 Large Growth Funds, respectively. The BlackRock Unconstrained Equity Fund received a Morningstar Rating 4 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 342, 278 and 196 Large Growth Funds, respectively. The iShares Core MSCI EAFE ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 648, 618 and 421 US Foreign Large Blend Funds, respectively. The iShares International Equity Factor ETF received a Morningstar Rating of 5 stars for the 3-year period and 3 stars for the 5-year period, rated against 648 and 618 US Foreign Large Blend Funds, respectively. The iShares MSCI Intl Quality Factor ETF received a Morningstar Rating of 3 stars for the 3-year period and 4 stars for the 5-year period, rated against 648 and 618 US Foreign Large Blend Funds, respectively. The International Dividend ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 649, 619 and 422 US Foreign Large Blend Funds, respectively. The International Fund received a Morningstar Rating of 1 star for the 3-year period, 2 stars for the 5-year period and 2 stars for the 10-year period, rated against 648, 618 and 421 Foreign Large Blend Funds, respectively. The iShares Core MSCI Emerging Markets received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 707, 632 and 430 US Diversified Emerging Markets Funds, respectively. The iShares MSCI Emerging Markets Min Vol Factor ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 707, 632 and 430 US Diversified Emerging Markets Funds, respectively. The Emerging Markets Fund received a Morningstar Rating of 2 stars for the 3-year period, 2 stars for the 5-year period and 3 stars for the 10-year period, rated against 707, 632 and 430 Diversified Emerging Mkts Funds, respectively. The iShares U.S. Consumer Staples ETF received a Morningstar Rating of 3 stars for the 3-year period, 5 stars for the 5-year period and 5 stars for the 10-year period, rated against 26, 25 and 20 US Consumer Defensive Funds, respectively. The iShares U.S. Utilities ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 58, 58 and 50 US Utilities Funds, respectively. The BlackRock Health Science Opportunities received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 5 stars for the 10-year period, rated against 167, 149 and 118 Health Funds, respectively. The iShares Robotics and Artificial Opportunities received a Morningstar Rating of 2 stars for the 3-year period and 2 stars for the 5-year period, rated against 235 and 202 US Technology Funds, respectively. The iShares Semiconductor ETF received a Morningstar Rating of 3 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 239, 206 and 156 US Technology Funds, respectively. The BlackRock Technology Opportunities Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 239, 206 and 156 Technology Funds, respectively.

Morningstar Rankings are based on total return excluding sales charges, iShares Core S&P 500 ETF: Morningstar Category: US Fund Large Blend: ranked 1yr, 326/1381; 3yr, 290/1276; 5yr, 230/1178; 10yr, 64/888. iShares Core Dividend Growth ETF: Morningstar Category: US DIV and buyback TR USD: ranked 1yr, 285/1170; 3yr, 631/1095; 5yr, 269/1036. Equity Dividend: 1 Year 1041/1,170; 3 Year 623/1,095; 5 Year 746/1,036; 10 Year 279/808. iShares MSCI USA Value Factor ETF: Morningstar Category: US Fund Large Blend: ranked 1yr, 772/1386; 3yr, 490/1280; 5yr, 538/1180; 10yr, 114/889. iShares MSCI USA Momentum Factor ETF: Morningstar Category: US Fund Large Growth: ranked 1yr, 14/1386; 3yr, 987/1280; 5yr, 889/1180; 10yr, 53/889. BlackRock Large Cap Focus Growth*: 1 Year 451/1,088; 3 Year 478/1,020; 5 Year 369/952; 10 Year 154/748. BlackRock Unconstrained Equity Fund: Morningstar Category: US Fund Large Growth: 1 Year 308/342; 3 Year 59/325; 5 Year 92/278; 10 Year 118/196. iShares Core MSCI EAFE ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 478/699; 3yr, 250/648; 5yr, 289/618; 10yr, 119/421. iShares International Equity Factor ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 217/699; 3yr, 46/648; 5yr, 240/618. iShares MSCI Intl Quality Factor ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 604/699; 3yr, 297/648; 5yr, 128/618. The BlackRock International Dividend: 1 Year 600/699; 3 Year 136/649; 5 Year 120/619; 10 Year 173/422. BlackRock International Fund: 1 Year 642/699; 3 Year 622/648; 5 Year 399/618; 10 Year 213/421. iShares Core MSCI Emerging Markets ETF: Morningstar Category: US Fund Diversified Emerging Mkts: ranked 1yr, 326/787; 3yr, 249/707; 5yr, 265/632; 10yr, 178/430. iShares MSCI Emerging Markets Min Vol Factor ETF: Morningstar Category: US Fund Diversified Emerging Mkts: ranked 1yr, 206/787; 3yr, 134/707; 5yr, 255/632; 10yr, 287/430. BlackRock Emerging Markets: 1 Year 725/787; 3 Year 558/707; 5 Year 404/632; 10 Year 181/430. iShares U.S. Consumer Staples ETF: Morningstar Category: US Fund Consumer Defensive: ranked 1yr, 13/26; 3yr, 16/26; 5yr, 1/25; 10yr, 2/20. iShares U.S. Utilities ETF: Morningstar Category: US Fund Utilities: ranked 1yr, 27/62; 3yr, 26/58; 5yr, 27/58; 10yr, 17/50. BlackRock Health Science Opportunities: Morningstar Category: US Fund Health: ranked 1 Year 49/176; 3 Year 50/167; 5 Year 46/149; 10 Year 4/118. IShares Future AI & Tech ETF: Morningstar Category: US Fund Technology: ranked 1yr, 244//271; 3yr, 216/239; 5yr, 194/206. iShares Semiconductor ETF: Morningstar Category: US Fund Technology: ranked 1yr, 226/271; 3yr, 115/239; 5yr, 20/206; 10yr, 7/156. BlackRock Technology Opportunities Fund: Morningstar Category: US Fund Technology: 1 Year 56/271; 3 Year 147/239; 5 Year 71/206; 10 Year 32/156.

*Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics, which are based on risk-adjusted returns, as of the date stated. Funds are rated from one to five stars, with the best performers receiving five stars and the worst performers receiving as single star.

1 Source: Prior to close of business on 11/15/2024, the Fund operated as an open-end mutual fund. The Fund has an identical investment objective and substantially similar investment strategies and investment risk profiles as the predecessor mutual fund. Performance for the periods prior to 6/12/17 shown above is based on the investment process and investment strategies utilized by the predecessor mutual fund when it followed a different investment objective, investment process and investment strategies under the name “BlackRock International Opportunities Portfolio.” The NAV returns are the returns of the Institutional Class Shares of the predecessor mutual fund prior to the Fund's commencement of operations, which had structural, regulatory, expense, and fee differences that may result in performance differences over time. Prior to the Fund's listing on 11/18/2024, the market price performance of the Fund uses the NAV returns of the Institutional Class Shares of the predecessor mutual fund as proxy market price returns. Please refer to the current prospectus for further information.

Source: Morningstar 12/31/24

Past performance does not guarantee future results. Morningstar ratings are based on risk adjusted returns. Morningstar rankings are based on total return. For more information on the Morningstar ratings and rankings please see the end of this page.

Percentile rank is a standardized way of ranking items within a peer group, in this case, funds with the same Morningstar category. The observation with the largest numerical value is ranked one; the observation with the smallest numerical value is ranked 100. The remaining observations are placed equal distance from one another on the rating scale. Note that lower percentile ranks are generally more favorable for returns (high returns), while higher percentile ranks are generally more favorable for risk measures (low risk).

The funds listed in the table above have been chosen by iShares product strategists to help represent potential investor portfolio objectives. The scope of the funds under consideration are iShares and BlackRock ETF and mutual fund offerings. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular and is subject to change.

As of 12/31/2024, the iShares Core S&P 500 ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 5 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. The iShares Core Dividend Growth ETF received a Morningstar Rating of 3 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Value Funds, respectively. The iShares MSCI USA Quality Factor ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. Equity Dividend Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Blend Funds, respectively. The iShares MSCI USA Value Factor ETF received a Morningstar Rating of 1 star for the 3-year period, 1 star for the 5-year period and 1 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Value Funds, respectively. The iShares MSCI USA Momentum Factor ETF received a Morningstar Rating of 2 stars for the 3-year period, 2 stars for the 5-year period and 4 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. The Large Cap Focus Growth Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1020, 1952 and 748 Large Growth Funds, respectively. The BlackRock Unconstrained Equity Fund received a Morningstar Rating 4 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 342, 278 and 196 Large Growth Funds, respectively. The iShares Core MSCI EAFE ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 648, 618 and 421 US Foreign Large Blend Funds, respectively. The iShares International Equity Factor ETF received a Morningstar Rating of 5 stars for the 3-year period and 3 stars for the 5-year period, rated against 648 and 618 US Foreign Large Blend Funds, respectively. The iShares MSCI Intl Quality Factor ETF received a Morningstar Rating of 3 stars for the 3-year period and 4 stars for the 5-year period, rated against 648 and 618 US Foreign Large Blend Funds, respectively. The International Dividend ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 649, 619 and 422 US Foreign Large Blend Funds, respectively. The International Fund received a Morningstar Rating of 1 star for the 3-year period, 2 stars for the 5-year period and 2 stars for the 10-year period, rated against 648, 618 and 421 Foreign Large Blend Funds, respectively. The iShares Core MSCI Emerging Markets received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 707, 632 and 430 US Diversified Emerging Markets Funds, respectively. The iShares MSCI Emerging Markets Min Vol Factor ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 707, 632 and 430 US Diversified Emerging Markets Funds, respectively. The Emerging Markets Fund received a Morningstar Rating of 2 stars for the 3-year period, 2 stars for the 5-year period and 3 stars for the 10-year period, rated against 707, 632 and 430 Diversified Emerging Mkts Funds, respectively. The iShares U.S. Consumer Staples ETF received a Morningstar Rating of 3 stars for the 3-year period, 5 stars for the 5-year period and 5 stars for the 10-year period, rated against 26, 25 and 20 US Consumer Defensive Funds, respectively. The iShares U.S. Utilities ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 58, 58 and 50 US Utilities Funds, respectively. The BlackRock Health Science Opportunities received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 5 stars for the 10-year period, rated against 167, 149 and 118 Health Funds, respectively. The iShares Robotics and Artificial Opportunities received a Morningstar Rating of 2 stars for the 3-year period and 2 stars for the 5-year period, rated against 235 and 202 US Technology Funds, respectively. The iShares Semiconductor ETF received a Morningstar Rating of 3 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 239, 206 and 156 US Technology Funds, respectively. The BlackRock Technology Opportunities Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 239, 206 and 156 Technology Funds, respectively.

Morningstar Rankings are based on total return excluding sales charges, iShares Core S&P 500 ETF: Morningstar Category: US Fund Large Blend: ranked 1yr, 326/1381; 3yr, 290/1276; 5yr, 230/1178; 10yr, 64/888. iShares Core Dividend Growth ETF: Morningstar Category: US DIV and buyback TR USD: ranked 1yr, 285/1170; 3yr, 631/1095; 5yr, 269/1036. Equity Dividend: 1 Year 1041/1,170; 3 Year 623/1,095; 5 Year 746/1,036; 10 Year 279/808. iShares MSCI USA Value Factor ETF: Morningstar Category: US Fund Large Blend: ranked 1yr, 772/1386; 3yr, 490/1280; 5yr, 538/1180; 10yr, 114/889. iShares MSCI USA Momentum Factor ETF: Morningstar Category: US Fund Large Growth: ranked 1yr, 14/1386; 3yr, 987/1280; 5yr, 889/1180; 10yr, 53/889. BlackRock Large Cap Focus Growth*: 1 Year 451/1,088; 3 Year 478/1,020; 5 Year 369/952; 10 Year 154/748. BlackRock Unconstrained Equity Fund: Morningstar Category: US Fund Large Growth: 1 Year 308/342; 3 Year 59/325; 5 Year 92/278; 10 Year 118/196. iShares Core MSCI EAFE ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 478/699; 3yr, 250/648; 5yr, 289/618; 10yr, 119/421. iShares International Equity Factor ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 217/699; 3yr, 46/648; 5yr, 240/618. iShares MSCI Intl Quality Factor ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 604/699; 3yr, 297/648; 5yr, 128/618. The BlackRock International Dividend: 1 Year 600/699; 3 Year 136/649; 5 Year 120/619; 10 Year 173/422. BlackRock International Fund: 1 Year 642/699; 3 Year 622/648; 5 Year 399/618; 10 Year 213/421. iShares Core MSCI Emerging Markets ETF: Morningstar Category: US Fund Diversified Emerging Mkts: ranked 1yr, 326/787; 3yr, 249/707; 5yr, 265/632; 10yr, 178/430. iShares MSCI Emerging Markets Min Vol Factor ETF: Morningstar Category: US Fund Diversified Emerging Mkts: ranked 1yr, 206/787; 3yr, 134/707; 5yr, 255/632; 10yr, 287/430. BlackRock Emerging Markets: 1 Year 725/787; 3 Year 558/707; 5 Year 404/632; 10 Year 181/430. iShares U.S. Consumer Staples ETF: Morningstar Category: US Fund Consumer Defensive: ranked 1yr, 13/26; 3yr, 16/26; 5yr, 1/25; 10yr, 2/20. iShares U.S. Utilities ETF: Morningstar Category: US Fund Utilities: ranked 1yr, 27/62; 3yr, 26/58; 5yr, 27/58; 10yr, 17/50. BlackRock Health Science Opportunities: Morningstar Category: US Fund Health: ranked 1 Year 49/176; 3 Year 50/167; 5 Year 46/149; 10 Year 4/118. IShares Future AI & Tech ETF: Morningstar Category: US Fund Technology: ranked 1yr, 244//271; 3yr, 216/239; 5yr, 194/206. iShares Semiconductor ETF: Morningstar Category: US Fund Technology: ranked 1yr, 226/271; 3yr, 115/239; 5yr, 20/206; 10yr, 7/156. BlackRock Technology Opportunities Fund: Morningstar Category: US Fund Technology: 1 Year 56/271; 3 Year 147/239; 5 Year 71/206; 10 Year 32/156.

*Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics, which are based on risk-adjusted returns, as of the date stated. Funds are rated from one to five stars, with the best performers receiving five stars and the worst performers receiving as single star.

1 Source: Prior to close of business on 11/15/2024, the Fund operated as an open-end mutual fund. The Fund has an identical investment objective and substantially similar investment strategies and investment risk profiles as the predecessor mutual fund. Performance for the periods prior to 6/12/17 shown above is based on the investment process and investment strategies utilized by the predecessor mutual fund when it followed a different investment objective, investment process and investment strategies under the name “BlackRock International Opportunities Portfolio.” The NAV returns are the returns of the Institutional Class Shares of the predecessor mutual fund prior to the Fund's commencement of operations, which had structural, regulatory, expense, and fee differences that may result in performance differences over time. Prior to the Fund's listing on 11/18/2024, the market price performance of the Fund uses the NAV returns of the Institutional Class Shares of the predecessor mutual fund as proxy market price returns. Please refer to the current prospectus for further information.

Source: Morningstar 12/31/24

Past performance does not guarantee future results. Morningstar ratings are based on risk adjusted returns. Morningstar rankings are based on total return. For more information on the Morningstar ratings and rankings please see the end of this page.

Percentile rank is a standardized way of ranking items within a peer group, in this case, funds with the same Morningstar category. The observation with the largest numerical value is ranked one; the observation with the smallest numerical value is ranked 100. The remaining observations are placed equal distance from one another on the rating scale. Note that lower percentile ranks are generally more favorable for returns (high returns), while higher percentile ranks are generally more favorable for risk measures (low risk).

The funds listed in the table above have been chosen by iShares product strategists to help represent potential investor portfolio objectives. The scope of the funds under consideration are iShares and BlackRock ETF and mutual fund offerings. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular and is subject to change.

As of 12/31/2024, the iShares Core S&P 500 ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 5 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. The iShares Core Dividend Growth ETF received a Morningstar Rating of 3 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Value Funds, respectively. The iShares MSCI USA Quality Factor ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. Equity Dividend Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Blend Funds, respectively. The iShares MSCI USA Value Factor ETF received a Morningstar Rating of 1 star for the 3-year period, 1 star for the 5-year period and 1 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Value Funds, respectively. The iShares MSCI USA Momentum Factor ETF received a Morningstar Rating of 2 stars for the 3-year period, 2 stars for the 5-year period and 4 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. The Large Cap Focus Growth Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1020, 1952 and 748 Large Growth Funds, respectively. The BlackRock Unconstrained Equity Fund received a Morningstar Rating 4 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 342, 278 and 196 Large Growth Funds, respectively. The iShares Core MSCI EAFE ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 648, 618 and 421 US Foreign Large Blend Funds, respectively. The iShares International Equity Factor ETF received a Morningstar Rating of 5 stars for the 3-year period and 3 stars for the 5-year period, rated against 648 and 618 US Foreign Large Blend Funds, respectively. The iShares MSCI Intl Quality Factor ETF received a Morningstar Rating of 3 stars for the 3-year period and 4 stars for the 5-year period, rated against 648 and 618 US Foreign Large Blend Funds, respectively. The International Dividend ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 649, 619 and 422 US Foreign Large Blend Funds, respectively. The International Fund received a Morningstar Rating of 1 star for the 3-year period, 2 stars for the 5-year period and 2 stars for the 10-year period, rated against 648, 618 and 421 Foreign Large Blend Funds, respectively. The iShares Core MSCI Emerging Markets received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 707, 632 and 430 US Diversified Emerging Markets Funds, respectively. The iShares MSCI Emerging Markets Min Vol Factor ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 707, 632 and 430 US Diversified Emerging Markets Funds, respectively. The Emerging Markets Fund received a Morningstar Rating of 2 stars for the 3-year period, 2 stars for the 5-year period and 3 stars for the 10-year period, rated against 707, 632 and 430 Diversified Emerging Mkts Funds, respectively. The iShares U.S. Consumer Staples ETF received a Morningstar Rating of 3 stars for the 3-year period, 5 stars for the 5-year period and 5 stars for the 10-year period, rated against 26, 25 and 20 US Consumer Defensive Funds, respectively. The iShares U.S. Utilities ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 58, 58 and 50 US Utilities Funds, respectively. The BlackRock Health Science Opportunities received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 5 stars for the 10-year period, rated against 167, 149 and 118 Health Funds, respectively. The iShares Robotics and Artificial Opportunities received a Morningstar Rating of 2 stars for the 3-year period and 2 stars for the 5-year period, rated against 235 and 202 US Technology Funds, respectively. The iShares Semiconductor ETF received a Morningstar Rating of 3 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 239, 206 and 156 US Technology Funds, respectively. The BlackRock Technology Opportunities Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 239, 206 and 156 Technology Funds, respectively.

Morningstar Rankings are based on total return excluding sales charges, iShares Core S&P 500 ETF: Morningstar Category: US Fund Large Blend: ranked 1yr, 326/1381; 3yr, 290/1276; 5yr, 230/1178; 10yr, 64/888. iShares Core Dividend Growth ETF: Morningstar Category: US DIV and buyback TR USD: ranked 1yr, 285/1170; 3yr, 631/1095; 5yr, 269/1036. Equity Dividend: 1 Year 1041/1,170; 3 Year 623/1,095; 5 Year 746/1,036; 10 Year 279/808. iShares MSCI USA Value Factor ETF: Morningstar Category: US Fund Large Blend: ranked 1yr, 772/1386; 3yr, 490/1280; 5yr, 538/1180; 10yr, 114/889. iShares MSCI USA Momentum Factor ETF: Morningstar Category: US Fund Large Growth: ranked 1yr, 14/1386; 3yr, 987/1280; 5yr, 889/1180; 10yr, 53/889. BlackRock Large Cap Focus Growth*: 1 Year 451/1,088; 3 Year 478/1,020; 5 Year 369/952; 10 Year 154/748. BlackRock Unconstrained Equity Fund: Morningstar Category: US Fund Large Growth: 1 Year 308/342; 3 Year 59/325; 5 Year 92/278; 10 Year 118/196. iShares Core MSCI EAFE ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 478/699; 3yr, 250/648; 5yr, 289/618; 10yr, 119/421. iShares International Equity Factor ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 217/699; 3yr, 46/648; 5yr, 240/618. iShares MSCI Intl Quality Factor ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 604/699; 3yr, 297/648; 5yr, 128/618. The BlackRock International Dividend: 1 Year 600/699; 3 Year 136/649; 5 Year 120/619; 10 Year 173/422. BlackRock International Fund: 1 Year 642/699; 3 Year 622/648; 5 Year 399/618; 10 Year 213/421. iShares Core MSCI Emerging Markets ETF: Morningstar Category: US Fund Diversified Emerging Mkts: ranked 1yr, 326/787; 3yr, 249/707; 5yr, 265/632; 10yr, 178/430. iShares MSCI Emerging Markets Min Vol Factor ETF: Morningstar Category: US Fund Diversified Emerging Mkts: ranked 1yr, 206/787; 3yr, 134/707; 5yr, 255/632; 10yr, 287/430. BlackRock Emerging Markets: 1 Year 725/787; 3 Year 558/707; 5 Year 404/632; 10 Year 181/430. iShares U.S. Consumer Staples ETF: Morningstar Category: US Fund Consumer Defensive: ranked 1yr, 13/26; 3yr, 16/26; 5yr, 1/25; 10yr, 2/20. iShares U.S. Utilities ETF: Morningstar Category: US Fund Utilities: ranked 1yr, 27/62; 3yr, 26/58; 5yr, 27/58; 10yr, 17/50. BlackRock Health Science Opportunities: Morningstar Category: US Fund Health: ranked 1 Year 49/176; 3 Year 50/167; 5 Year 46/149; 10 Year 4/118. IShares Future AI & Tech ETF: Morningstar Category: US Fund Technology: ranked 1yr, 244//271; 3yr, 216/239; 5yr, 194/206. iShares Semiconductor ETF: Morningstar Category: US Fund Technology: ranked 1yr, 226/271; 3yr, 115/239; 5yr, 20/206; 10yr, 7/156. BlackRock Technology Opportunities Fund: Morningstar Category: US Fund Technology: 1 Year 56/271; 3 Year 147/239; 5 Year 71/206; 10 Year 32/156.

*Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics, which are based on risk-adjusted returns, as of the date stated. Funds are rated from one to five stars, with the best performers receiving five stars and the worst performers receiving as single star.

1 Source: Prior to close of business on 11/15/2024, the Fund operated as an open-end mutual fund. The Fund has an identical investment objective and substantially similar investment strategies and investment risk profiles as the predecessor mutual fund. Performance for the periods prior to 6/12/17 shown above is based on the investment process and investment strategies utilized by the predecessor mutual fund when it followed a different investment objective, investment process and investment strategies under the name “BlackRock International Opportunities Portfolio.” The NAV returns are the returns of the Institutional Class Shares of the predecessor mutual fund prior to the Fund's commencement of operations, which had structural, regulatory, expense, and fee differences that may result in performance differences over time. Prior to the Fund's listing on 11/18/2024, the market price performance of the Fund uses the NAV returns of the Institutional Class Shares of the predecessor mutual fund as proxy market price returns. Please refer to the current prospectus for further information.

Source: Morningstar 12/31/24

Past performance does not guarantee future results. Morningstar ratings are based on risk adjusted returns. Morningstar rankings are based on total return. For more information on the Morningstar ratings and rankings please see the end of this page.

Percentile rank is a standardized way of ranking items within a peer group, in this case, funds with the same Morningstar category. The observation with the largest numerical value is ranked one; the observation with the smallest numerical value is ranked 100. The remaining observations are placed equal distance from one another on the rating scale. Note that lower percentile ranks are generally more favorable for returns (high returns), while higher percentile ranks are generally more favorable for risk measures (low risk).

The funds listed in the table above have been chosen by iShares product strategists to help represent potential investor portfolio objectives. The scope of the funds under consideration are iShares and BlackRock ETF and mutual fund offerings. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular and is subject to change.

As of 12/31/2024, the iShares Core S&P 500 ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 5 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. The iShares Core Dividend Growth ETF received a Morningstar Rating of 3 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Value Funds, respectively. The iShares MSCI USA Quality Factor ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. Equity Dividend Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Blend Funds, respectively. The iShares MSCI USA Value Factor ETF received a Morningstar Rating of 1 star for the 3-year period, 1 star for the 5-year period and 1 stars for the 10-year period, rated against 1095, 1036 and 808 US Large Value Funds, respectively. The iShares MSCI USA Momentum Factor ETF received a Morningstar Rating of 2 stars for the 3-year period, 2 stars for the 5-year period and 4 stars for the 10-year period, rated against 1280, 1180 and 889 US Large Blend Funds, respectively. The Large Cap Focus Growth Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 1020, 1952 and 748 Large Growth Funds, respectively. The BlackRock Unconstrained Equity Fund received a Morningstar Rating 4 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 342, 278 and 196 Large Growth Funds, respectively. The iShares Core MSCI EAFE ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 648, 618 and 421 US Foreign Large Blend Funds, respectively. The iShares International Equity Factor ETF received a Morningstar Rating of 5 stars for the 3-year period and 3 stars for the 5-year period, rated against 648 and 618 US Foreign Large Blend Funds, respectively. The iShares MSCI Intl Quality Factor ETF received a Morningstar Rating of 3 stars for the 3-year period and 4 stars for the 5-year period, rated against 648 and 618 US Foreign Large Blend Funds, respectively. The International Dividend ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 649, 619 and 422 US Foreign Large Blend Funds, respectively. The International Fund received a Morningstar Rating of 1 star for the 3-year period, 2 stars for the 5-year period and 2 stars for the 10-year period, rated against 648, 618 and 421 Foreign Large Blend Funds, respectively. The iShares Core MSCI Emerging Markets received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 707, 632 and 430 US Diversified Emerging Markets Funds, respectively. The iShares MSCI Emerging Markets Min Vol Factor ETF received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 707, 632 and 430 US Diversified Emerging Markets Funds, respectively. The Emerging Markets Fund received a Morningstar Rating of 2 stars for the 3-year period, 2 stars for the 5-year period and 3 stars for the 10-year period, rated against 707, 632 and 430 Diversified Emerging Mkts Funds, respectively. The iShares U.S. Consumer Staples ETF received a Morningstar Rating of 3 stars for the 3-year period, 5 stars for the 5-year period and 5 stars for the 10-year period, rated against 26, 25 and 20 US Consumer Defensive Funds, respectively. The iShares U.S. Utilities ETF received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 3 stars for the 10-year period, rated against 58, 58 and 50 US Utilities Funds, respectively. The BlackRock Health Science Opportunities received a Morningstar Rating of 4 stars for the 3-year period, 4 stars for the 5-year period and 5 stars for the 10-year period, rated against 167, 149 and 118 Health Funds, respectively. The iShares Robotics and Artificial Opportunities received a Morningstar Rating of 2 stars for the 3-year period and 2 stars for the 5-year period, rated against 235 and 202 US Technology Funds, respectively. The iShares Semiconductor ETF received a Morningstar Rating of 3 stars for the 3-year period, 4 stars for the 5-year period and 4 stars for the 10-year period, rated against 239, 206 and 156 US Technology Funds, respectively. The BlackRock Technology Opportunities Fund received a Morningstar Rating of 3 stars for the 3-year period, 3 stars for the 5-year period and 4 stars for the 10-year period, rated against 239, 206 and 156 Technology Funds, respectively.

Morningstar Rankings are based on total return excluding sales charges, iShares Core S&P 500 ETF: Morningstar Category: US Fund Large Blend: ranked 1yr, 326/1381; 3yr, 290/1276; 5yr, 230/1178; 10yr, 64/888. iShares Core Dividend Growth ETF: Morningstar Category: US DIV and buyback TR USD: ranked 1yr, 285/1170; 3yr, 631/1095; 5yr, 269/1036. Equity Dividend: 1 Year 1041/1,170; 3 Year 623/1,095; 5 Year 746/1,036; 10 Year 279/808. iShares MSCI USA Value Factor ETF: Morningstar Category: US Fund Large Blend: ranked 1yr, 772/1386; 3yr, 490/1280; 5yr, 538/1180; 10yr, 114/889. iShares MSCI USA Momentum Factor ETF: Morningstar Category: US Fund Large Growth: ranked 1yr, 14/1386; 3yr, 987/1280; 5yr, 889/1180; 10yr, 53/889. BlackRock Large Cap Focus Growth*: 1 Year 451/1,088; 3 Year 478/1,020; 5 Year 369/952; 10 Year 154/748. BlackRock Unconstrained Equity Fund: Morningstar Category: US Fund Large Growth: 1 Year 308/342; 3 Year 59/325; 5 Year 92/278; 10 Year 118/196. iShares Core MSCI EAFE ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 478/699; 3yr, 250/648; 5yr, 289/618; 10yr, 119/421. iShares International Equity Factor ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 217/699; 3yr, 46/648; 5yr, 240/618. iShares MSCI Intl Quality Factor ETF: Morningstar Category: US Fund Foreign Large Blend: ranked 1yr, 604/699; 3yr, 297/648; 5yr, 128/618. The BlackRock International Dividend: 1 Year 600/699; 3 Year 136/649; 5 Year 120/619; 10 Year 173/422. BlackRock International Fund: 1 Year 642/699; 3 Year 622/648; 5 Year 399/618; 10 Year 213/421. iShares Core MSCI Emerging Markets ETF: Morningstar Category: US Fund Diversified Emerging Mkts: ranked 1yr, 326/787; 3yr, 249/707; 5yr, 265/632; 10yr, 178/430. iShares MSCI Emerging Markets Min Vol Factor ETF: Morningstar Category: US Fund Diversified Emerging Mkts: ranked 1yr, 206/787; 3yr, 134/707; 5yr, 255/632; 10yr, 287/430. BlackRock Emerging Markets: 1 Year 725/787; 3 Year 558/707; 5 Year 404/632; 10 Year 181/430. iShares U.S. Consumer Staples ETF: Morningstar Category: US Fund Consumer Defensive: ranked 1yr, 13/26; 3yr, 16/26; 5yr, 1/25; 10yr, 2/20. iShares U.S. Utilities ETF: Morningstar Category: US Fund Utilities: ranked 1yr, 27/62; 3yr, 26/58; 5yr, 27/58; 10yr, 17/50. BlackRock Health Science Opportunities: Morningstar Category: US Fund Health: ranked 1 Year 49/176; 3 Year 50/167; 5 Year 46/149; 10 Year 4/118. IShares Future AI & Tech ETF: Morningstar Category: US Fund Technology: ranked 1yr, 244//271; 3yr, 216/239; 5yr, 194/206. iShares Semiconductor ETF: Morningstar Category: US Fund Technology: ranked 1yr, 226/271; 3yr, 115/239; 5yr, 20/206; 10yr, 7/156. BlackRock Technology Opportunities Fund: Morningstar Category: US Fund Technology: 1 Year 56/271; 3 Year 147/239; 5 Year 71/206; 10 Year 32/156.