Investing in Strategic Growth Drivers and Accelerators

BlackRock active strategies are delivering durable alpha¹ IRH0621U/M-1675207-1/171 7.86% of cumulative alpha gross of fees over 5 years or 5.43% net of fees² $49B of cumulative outperformance net of fees over 5 years as compared to the relative benchmark³ 3.2x For every dollar paid in fees, clients received 3.2x in alpha on a gross cumulative basis, or 2.2x on a net basis, over 5 years4 BlackRock Past performance is not indicative of future results and should not be the sole factor of consideration when selecting a product or strategy. For footnoted information, refer to slides 75-76. 67 19

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