The BlackRock iBLD® Claria® ER Index is designed to provide exposure to a diversified global equity portfolio which targets volatility at a predetermined level. The index uses pre-set equity and fixed income baskets, whose weights are reconstituted once every year. A daily volatility control overlay tilts the index to include an adjusted allocation to the fixed income basket, if the forecasted volatility of the equity basket breaches the volatility target. The index is constructed from iShares ETFs. The Index tracks the excess returns of the selected iShares® ETF constituents above the return on cash.