BlackRock Benefit International Fund Q2 2024 Commentary

Vital Dangers: The fund is actively managed and its traits will fluctuate. Holdings proven shouldn’t be deemed as a suggestion to purchase or promote securities. Inventory values fluctuate in value so the worth of your funding can go down relying on market circumstances.

Worldwide investing includes particular dangers together with, however not restricted to political dangers, foreign money fluctuations, illiquidity and volatility. These dangers could also be heightened for investments in rising markets. Investing in small-cap firms might entail better threat than largecap firms, because of shorter working histories, much less seasoned administration or decrease buying and selling volumes. Brief-selling entails particular dangers. If the fund makes quick gross sales in securities that enhance in worth, the fund will lose worth. Any loss on quick positions might or will not be offset by investing short-sale proceeds in different investments. The fund might use derivatives to hedge its investments or to hunt to boost returns. Derivatives entail dangers referring to liquidity, leverage and credit score that will cut back returns and enhance volatility.

The opinions expressed are these of the fund’s portfolio administration group as of June 30, 2024, and should change as subsequent circumstances fluctuate. Info and opinions are derived from proprietary and nonproprietary sources deemed by BlackRock to be dependable, usually are not essentially all-inclusive and usually are not assured as to accuracy.

BlackRock gives compensation in reference to acquiring or utilizing third-party rankings and rankings.

1 Class R shares are offered to a restricted group of traders, together with sure retirement plans. See prospectus for particulars. 2 The MSCI All-Nation World Index is a capitalization-weighted index of fairness securities from a broad vary of industries chosen for market measurement, liquidity and trade group illustration.

It’s best to think about the funding targets, dangers, costs and bills of the fund fastidiously earlier than investing. The prospectus and, if obtainable, the abstract prospectus comprise this and different details about the fund and can be found, together with data on different BlackRock funds, by calling 800-882-0052 or out of your monetary skilled. The prospectus needs to be learn fastidiously earlier than investing.

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