The BlackRock Market Advantage Index (the “Index”) provides exposure to Equity, Fixed Income, and Commodities, and is designed to deliver a diversified portfolio with daily volatility-control to help mitigate risk. The Index seeks to achieve better diversification than a traditional multi-asset class index by balancing risk across five of the key macroeconomic factors that drive returns across seemingly disparate asset classes. The index manages to a 6% Target Volatility and allows for up to 125% exposure.

Index constituents are comprised of iShares® ETFs, the iShares S&P GSCI Commodity-Indexed Trust, and a cash constituent. The Index tracks the return of the weighted constituents, above the sum of the return on the interest rate and the index fee.