EXPLORE ETF PORTFOLIOS

Investment style Sample Dollar Stocks Bonds Weighted average

Amount expense ratio
Aggressive 200,000 80% 20% 0.04%

ETF Allocations
Fund Name Expense Weight Dollar Number
Ratio (%) (%) amount ($) of Shares

U.S. STOCKS

iShares Core S&P 500 ETF

0.03 43.4 86,800 163.1
IVV Large Cap

iShares Core S&P Mid-Cap ETF

0.05 2.8 5,600 94.1
IJH Mid Cap

iShares Core S&P Small-Cap ETF

0.06 1.2 2,400 22
IJR Small Cap

INTERNATIONAL STOCKS

iShares Core MSCI International

0.04 23.9 47,800 703.9
Developed Markets ETF

IDEV Developed Markets

iShares Core MSCI Emerging Markets

0.09 8.8 17,600 325.8
ETF

IEMG Emerging Markets

U.S. BONDS

iShares Core Total USD Bond Market

0.06 16.9 33,800 751.9
ETF

IUSB Broad Market

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Fund Name Expense Weight Dollar Number
Ratio (%) (%) amount ($) of Shares
INTERNATIONAL BONDS

iShares Core International Aggregate

0.07 3 6,000 120.9
Bond ETF

IAGG International Bond

Total 0.04 100% 200,000

The total expense ratio for the hypothetical portfolio is the weighted average expense ratio.
The weighted average expense ratio is based on the proportional size of each fund's
position in the sample, aggregated with all funds in the sample. The net expense ratio is
used for funds with fee waivers.1

Dollar Amount is for illustration purposes only. It is not representative of any investor's
account or portfolio and should not be relied upon as an investment recommendation.

Number of shares is calculated by dividing the Dollar Amount by the ETF's previous closing
price.

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Sector Exposures
As of May 24, 2024

Information Technology 18.75

Financials 12.86

Industrials 9.75

Health Care 8.91

Consumer Discretionary 8.88

Treasury 8.52

Communication 6.01

Consumer Staples 5.31

Materials 4.05

MBS Pass-Through 3.72

0 5 10 15 20
% of Market Value

Holdings and allocations are subject to change.

Source: BlackRock, Inc. Country and sector provided are a weighted average based on the
proportions of each fund that comprises the sample model.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive
property and a service mark of Morgan Stanley Capital International Inc. (“MSCI”) and
Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“S&P”) and is licensed
for use by BlackRock. Neither MSCI, S&P, nor any other party involved in making or
compiling the GICS or any GICS classifications makes any express or implied warranties or
representations with respect to such standard or classification (or the results to be
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obstained by the use thereof), and all such parties hereby expressly disclaim all warranties
of originality, accuracy, completeness, merchantability and fitness for a particular purpose
with respect to any of such standard or classification. Without limiting any of the foregoing,
in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or
compiling the GICS or any GICS classifications have any liability for any direct, indirect,
special, punitive, consequential or any other damages (including lost profits) even if
notified of the possibility of such damages.

Top 10 Holdings
As of May 24, 2024
Name Sector Weight (%)
TREASURY NOTE Treasury 4.63

MICROSOFT CORP Information Technology 3.24

APPLE INC Information Technology 2.83

NVIDIA CORP Information Technology 2.66

AMAZON COM INC Consumer Discretionary 1.67

TREASURY BOND Treasury 1.09

META PLATFORMS INC CLASS A Communication 1.07

ALPHABET INC CLASS A Communication 1.04

FNMA 30YR UMBS MBS Pass-Through 0.94

ALPHABET INC CLASS C Communication 0.88

Holdings and allocations are subject to change.

Source: BlackRock, Inc. Country and sector provided are a weighted average based on the
proportions of each fund that comprises the sample model.

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Credit Quality
As of May 23, 2024

AAA Rated 5.67

AA Rated 56.31

A Rated 16.08

BBB Rated 14.29

BB Rated 2.62

B Rated 2.01

CCC Rated 0.52

CC Rated 0.21

C Rated 0.00

D Rated 0.03

0 10 20 30 40 50 60 70
% of Fixed Income Market Value

Credit quality ratings of the underlying securities within the fixed income fund(s) in the
sample model are received from S&P, Moody's and Fitch and converted to the equivalent
S&P major rating category. This breakdown is provided by BlackRock and takes the median
rating of the three agencies when all three agencies rate a security the lower of the two
ratings if only two agencies rate a security and one rating if that is all that is provided.
Unrated securities do not necessarily indicate low quality. Below investment-grade is
represented by a rating of BB and below. Ratings and portfolio credit quality may change
over time.

Some funds have contractual fee waivers in effect that reduce the expense ratio. A list of
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each fund, along with the gross expense ratio and contractual end dates are as follows:
AOA: 0.31%, 11/30/26; AOK: 0.31%, 11/30/26; AOM: 0.30%, 11/30/26; AOR: 0.31%,
11/30/26; IMTB: 0.07%, 2/28/26; IUSB: 0.07%, 2/29/24.
1
Core Builder provides a sample of hypothetical model fund portfolios, based on varying
degrees of market risk. The hypothetical model fund portfolios are for illustrative purposes
only, are provided as an educational tool, and are not, and should not be relied upon as, an
investment recommendation or as the primary basis for any investment decisions.
Holdings and allocations are subject to change. The hypothetical portfolios are not tailored
to the investment objectives or needs of you or any other investor. Prior to investing in any
of the funds shown in any model portfolio, you should (i) consult with your financial advisor
to determine whether the specific funds are appropriate for you and, if so, how your
investment plan should be implemented, and (ii) consult with your tax advisor before taking
any action that may have tax consequences.

Carefully consider the Funds' investment objectives, risk factors, and charges and
expenses before investing. This and other information can be found in the Funds'
prospectuses or, if available, the summary prospectuses, which may be obtained by
visiting the iShares Fund and BlackRock Fund prospectus pages. Read the prospectus
carefully before investing.

Investing involves risk, including possible loss of principal.

The factors upon which the hypothetical models are based, the asset allocation mix and the
hypothetical model fund portfolios may change at any time, and BlackRock will not notify
you when such changes are made.

Following an asset allocation model to achieve diversification may not protect against
market risk or loss of principal. There can be no assurance that any Core Builder investment
strategy will be successful. Past performance does not guarantee future results.

International investing involves risks, including risks related to foreign currency, limited
liquidity, less government regulation and the possibility of substantial volatility due to
adverse political, economic or other developments. These risks often are heightened for
investments in emerging/ developing markets or in concentrations of single countries.

Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise,
there is a corresponding decline in bond values. Credit risk refers to the possibility that the
bond issuer will not be able to make principal and interest payments.

Transactions in shares of ETFs may result in brokerage commissions and will generate tax
consequences. All regulated investment companies are obliged to distribute portfolio gains
to shareholders.

The tool is provided on an "as-is" basis. BlackRock expressly disclaims all warranties,
express or implied, statutory or otherwise with respect to the tool (and any results obtained
from its use) including, without limitation, all warranties or merchantability, fitness for a
particular purpose or use, accuracy, completeness, originality and/or non-infringement. In
no event shall BlackRock have any liability for any claims, damages, obligations, liabilities
or losses relating to the tool including, without limitation, any liability for any direct,
indirect, special, incidental, punitive and/or consequential damages (including loss of
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profits or principal).

Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and
charges of the firm as well as the services provided. $0.00 commission applies to online
U.S. exchange-traded funds (ETFs) in a Fidelity retail account only for Fidelity Brokerage
Services LLC (FBS) retail clients. The sale of ETFs is subject to an activity assessment fee
(from $0.01 to $0.03 per $1,000 of principal). Other exclusions and conditions may apply.
For iShares and BlackRock ETFs (the “ETFs“), Fidelity receives compensation from the ETF
sponsor and/or its affiliates in connection with an exclusive long-term marketing program
that includes promotion of the ETFs and inclusion of the ETFs in certain FBS platforms and
investment programs. Please note, this security will not be marginable for 30 days from the
settlement date, at which time it will automatically become eligible for margin collateral.
Additional information about the sources, amounts, and terms of compensation can be
found in the ETFs' prospectus and related documents. Fidelity may add or waive
commissions on ETFs without prior notice.

U.S. financial advisors:the data collected through this tool is treated pursuant to
BlackRock’s Data Promise.

The Fidelity Investments Pyramid and Sunburst Design Logo is a registered service mark of
FMR LLC. Used with permission.

The Funds within Core Builder are distributed by BlackRock Investments, LLC (together
with its affiliates, “BlackRock”).

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg,
BlackRock Index Services, LLC, Cboe Global Indices, LLC, Cohen & Steers, European Public
Real Estate Association (“EPRA® ”), FTSE International Limited (“FTSE”), ICE Data Indices,
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or STOXX Ltd. None of these companies make any representation regarding the advisability
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affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above.

Neither FTSE, LSEG, nor NAREIT makes any warranty regarding the FTSE Nareit Equity
REITS Index, FTSE Nareit All Residential Capped Index or FTSE Nareit All Mortgage Capped
Index. Neither FTSE, EPRA, LSEG, nor NAREIT makes any warranty regarding the FTSE
EPRA Nareit Developed ex-U.S. Index, FTSE EPRA Nareit Developed Green Target Index or
FTSE EPRA Nareit Global REITs Index. “FTSE®” is a trademark of London Stock Exchange
Group companies and is used by FTSE under license.

©2024 BlackRock, Inc or its affiliates. All Rights Reserved. BLACKROCK, iSHARES,
iBONDS, ALADDIN and the iShares Core Graphic are trademarks of BlackRock, Inc. or its
affiliates. All other trademarks are those of their respective owners.

The iShares Core Graphic is a registered servicemark of BlackRock, Inc.

iCRMH0224U/S-3405737

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