BlackRock equity mutual funds

³ Source: Morningstar, as of 3/31/2023.High Yield Bond and Emerging Markets 
Category represent fixed income mutual funds and US Fund High Yield Bond Morningstar and ETFs in the Emerging Markets
category, respectively. Largest fixed income seeking Morningstar categories by AUM - Emerging Markets, and High Yield Bonds $238B. SEC yield is a standard calculation of yield introduced by the SEC in order to provide a fairer comparison among funds.
This yield reflects the interest earned after deducting the fund's expenses during the most recent 30-day period by the average
investor in the fund. Negative 30-Day SEC yield results when accrued expenses of the past 30 days exceed the income collected
during the past 30 days.

Past performance is no guarantee of future results.
Click here for standardized performance. BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings.

¹ Source: Morningstar as of 3/31/2023. Morningstar Category: US Fund Large Value. Rankings are based on total
return excluding sales charges, independently calculated and not combined to create an overall ranking. Equity Dividend Fund was ranked.
1 Year 414/1,229; 3 Year 734/1,155; 5 Year 483/1,099; 10 Year 410/819; 15yr 208/595. Past performance is no guarantee of future results.
Click here for standardized performance. BlackRock provides compensation in connection with obtaining or using third-party ratings
and rankings.

² Source: Morningstar. All data is from PM team inception (August 2014) and through 3/31/2023. Past performance is
no guarantee of future results. Index performance is for illustrative purposes only. You cannot invest directly in the index.

⁴ The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or a strategy. Click here for standardized performance. BlackRock provides compensation in connection with obtaining or using third-party ratings and ranking's. Index performance returns do not reflect any management fees, transaction costs or expenses. Indices are unmanaged and one cannot invest directly in an index. Inception Date: 30 June 2017. Sources: BlackRock, Bloomberg. Data shown to 31 March 2023 for the BlackRock International Dividend Fund (Institutional). The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Index returns are for illustrative purposes only.

*Dates shown for Escalation of China / US tensions, COVID – 19, Inflationary Environment are the largest draw down dates in each period

⁵ Source: Morningstar as of 3/31/2023. Since PM inception of 07/01/2017, the fund was ranked 21/362 funds in the 
Mid-Cap Value Morningstar Category. Rankings are based on total return excluding sales charges, independently calculated and not combined to 
create an overall ranking. BlackRock Mid-Cap Value was ranked 1 Year 68/405; 3 Year 55/393; 5 Year 16/372; 10 Year 60/272. Past 
performance is no guarantee of future results. Click here for standardized performance. BlackRock provides compensation in connection 
with obtaining or using third-party ratings and rankings.

⁶ Morningstar as of 3/31/2023. Since PM team inception (7/1/2017). Upside / Downside Capture shows whether a given
fund has outperformed—gained more or lost less than—a broad market benchmark during periods of market strength or weakness and by how 
much.

⁷ Source: BlackRock as of 3/31/2023. The price-to-earnings (P/E) multiple represents a stock’s share price (as of the latest market close) relative to its earnings per share for the company’s most recent fiscal year.

⁸ Source: BlackRock as of 3/31/2023. Active Share is a percentage of holdings in a portfolio that differs from the benchmark index.