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Past performance is no guarantee of future results. Performance for other time periods may be different. For more information on Morningstar ratings, click "Explore DYNF" above.

As of 12/31/2025, BlackRock Global Equity Market Neutral Fund, returned 18.27%, 18.04%, 11.59%, and 6.34% over the 1-year, 3-year, 5-year, and 10-year since inception period, respectively.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by visiting www.blackrock.com.
Source: BlackRock, Morningstar. Returns include reinvestment of dividends and capital gains. Index performance is shown for illustrative purposes only. You cannot invest directly in an index. Expenses stated as of the fund’s most recent prospectus including Total / Net, Including Investment-Related Expenses are: Institutional, 1.42%/1.34%. Investment dividend expense, interest expense, acquired fund fees and expenses and certain other fund expenses are included in the Net, Including Investment Related expenses and excluded from the Net, Excluding Investment Related expenses. BlackRock has agreed contractually to waive or reimburse certain fees and expenses until 6/30/2027 Contractual waivers terminable upon 90 days notice by the fund’s independent trustees or majority vote of outstanding fund securities.
1. Performance for periods of less than one year is not annualized.

Past performance is no guarantee of future results. Performance for other time periods may be different. For more information on Morningstar ratings, click "Explore THRO" above.

1. Source: Bloomberg, BlackRock, Morningstar, as of 12/31/25. Categories represented as follows: Aggregate Bonds – Bloomberg US Aggregate Bond Index; IG Credit – Bloomberg US Corporate Index; Emerging Markets – Bloomberg Emerging Markets Sovereign USD Index; High Yield – Bloomberg US Corp High Yield Index; Fixed Income yield shows the Yield to Maturity; BALI shows a distribution rate, which represents a single distribution from the ETF and does not represent total return. It is calculated by annualizing the distribution, including income, return of capital, and capital gains distributions, based on the fund’s distribution frequency, and dividing by the prior trading day’s NAV. The distribution (as of 12/30/25) utilized in this calculation includes an estimated return of capital of 81% as reported in the 19a-1 Notice. Past distributions are not indicative of future distributions. This information must be preceded or accompanied by a prospectus. For most recent month-end performance, to view standardized performance, 30-day SEC yield, and a prospectus click here. Performance data represents past performance and does not guarantee future results. Investment return and principal value will fluctuate with market conditions and may be lower or higher when you sell your shares. Current performance may differ from the performance shown.