MSCI ACWI ex-US IMI Non-Lendable Fund R - T. …

1 Release Date: 06-30-2018. MSCI acwi ex-US IMI Non-Lendable fund R.. Benchmark Overall Morningstar Rating Morningstar Return Morningstar Risk MSCI acwi Ex USA NR USD QQQQ Above Average Average Out of 623 Foreign Large Blend investments. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure page for details. Investment Information Performance as of 06-30-18. Investment Objective & Strategy 20 Total Return %. 15 as of 06-30-18. The fund is an "index fund " that seeks investment results that 10 Investment correspond generally to the price and yield performance, before Benchmark fees and expenses, of its Underlying Index (defined below). 5. The fund is a collective investment trust maintained and 0. managed by BlackRock Institutional Trust Company, -5. ("BTC"). -10. Average annual, if greater The fund shall be invested and reinvested in a portfolio of -15.

2 Than 1 year international equity securities whose total rates of return will YTD 1 Year 3 Year 5 Year 10 Year Since Inception approximate as closely as practicable the capitalization . Investment Return %. weighted total rates of return of the markets in certain countries . Benchmark Return %. for equity securities traded outside the United States. The . Category Average %. primary criterion for selection of investments in the fund shall be the MSCI acwi ex USA IMI Index (the Underlying Index ). The performance data quoted reflects past performance. Past performance does not guarantee future results. The investment Fees and Expenses as of 12-31-17 return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more Expense Ratio or less than their original cost. Current performance may be lower than the performance data quoted. For the most recent Total Annual Operating Exp per $1000 $ month endYTDperformance information, YTD please YTD call 1-800-922-9945, YTD or visit YTD.

3 Maximum Sales Charge . 12b-1 Fee . Portfolio Analysis Composition as of 06-30-18 % Assets Morningstar Equity Style Box as of 06-30-18 % Market Cap Redemption Fee/Term . Stocks Giant Large Mid .. Portfolio Manager(s) Stocks Large Management Team. Bonds Medium Cash Small Small Operations and Management Other .. Inception Date 12-12-11 Value Blend Growth Micro Management Company BlackRock Telephone 800-441-7762. Web Site Top 10 Holdings as of 06-30-18 % Assets Morningstar World Regions as of 06-30-18 % fund Issuer BlackRock Institutional Trust Tencent Holdings Ltd Americas .. Company NA Nestle SA North America Category Description: Foreign Large Blend Alibaba Group Holding Ltd ADR Latin America Foreign large-blend portfolios invest in a variety of big Samsung Electronics Co Ltd Greater Europe international stocks. Most of these portfolios divide their assets HSBC Holdings PLC .. among a dozen or more developed markets, including Japan, United Kingdom Taiwan Semiconductor Manufacturing Co Ltd Britain, France, and Germany.

4 These portfolios primarily invest Europe Developed Novartis AG in stocks that have market caps in the top 70% of each Europe Emerging Royal Dutch Shell PLC Class A economically integrated market (such as Europe or Asia ex- Africa/Middle East Roche Holding AG Dividend Right Cert. Japan). The blend style is assigned to portfolios where neither BP PLC Greater Asia .. growth nor value characteristics predominate. These portfolios Japan .. typically will have less than 20% of assets invested in Australasia Total Number of Stock Holdings 6273. stocks. Asia Developed Total Number of Bond Holdings 0. Volatility And Risk Turnover Ratio % Asia Emerging Investment Total Assets ($mil) Low Moderate High Principal Risks For more information on the risks presented, please refer to Category Underlying fund Risk 1, Equity Investment Risk, Foreign Investment Risk 1, Emerging Markets Risk 1, Derivatives Risk 1, Small- Capitalization Companies Risk, Mid-Capitalization Companies Risk Best 3 Month Return Worst 3 Month Return (Jul '10 - Sep '10) (Jul '11 - Sep '11).

5 ACIMI 2018 Morningstar, Inc., Morningstar Investment Profiles 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar . and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment . website at