BlackRock Advantage SMID Cap R (BlackRock Advantage U.S. Total ) fond

Under normal circumstances, the fund seeks to invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. small and medium capitalization companies and derivatives that have similar economic characteristics to such securities. The advisor primarily intends to invest in equity securities or other financial instruments that are components of, or have characteristics similar to, the securities included in the Russell 2500™ Index.