Investing in Strategic Growth Drivers and Accelerators

Effective fee rate has been impacted by the macro environment 17.2 0.5 basis points (0.1) (0.4) (0.3) (0.3) (0.2) 1Q20 Effective Organic growth Pricing investments Cash waivers Seclending Beta/FX² Leap year day count 1 fee rate BlackRock Note: For footnoted information, refer to slides 140-141. BlackRock Macro IRH0621U/M-1675207-1/171 16.4 basis points 1Q21 Effective fee rate 1 126

View entire presentation