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investment strategy. The opinions expressed are as of date of publication and may change as subsequent
conditions vary. The information and opinions contained in this material are derived from proprietary and
nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not
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forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the
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investor.
This material may contain “forward-looking” information that is not purely historical in nature. Such
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proposed or expected portfolio composition. Moreover, where certain historical performance information of
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“BlackRock”) has been included in this material, such performance information is presented by way of example
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in achieving, calculating or presenting either the forward-looking information or the historical performance
information herein has been considered or stated in preparing this material. Any changes to assumptions that
may have been made in preparing this material could have a material impact on the investment returns that are
presented herein by way of example.
In the U.S., this material is intended for institutional investors only and not for public
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