BlackRock Advantage Global FundInstitutional Shares 

The fund's advisor primarily directs capital into equity holdings and other financial instruments that are either constituents of, or share characteristics with, the securities included in the MSCI All Country World Index. A considerable amount of the fund's total assets is expected to be deployed in international securities. These may comprise investments in foreign governments, businesses headquartered or operating beyond U.S. borders, companies whose main trading platform is outside the United States, or entities deriving substantial revenue from international activities.