BlackRock Dynamic High Income Portfolio Institutional 

This portfolio boasts significant investment flexibility, capable of allocating its entire capital, up to 100%, into either equity securities (stocks) or fixed-income securities (bonds), or any blend of the two. This exposure can be gained directly through investments in individual stocks and bonds, or indirectly by investing in other pooled investment vehicles. Such indirect methods include BlackRock's own equity and/or fixed-income mutual funds, known as "underlying funds," as well as exchange-traded funds (ETFs) from both BlackRock (affiliated) and other companies (unaffiliated). Furthermore, the fund has the option to commit as much as 50% of its assets to structured notes, which are financial instruments designed to provide returns tied to covered call options or a range of other financial products.