Capacity: At present, there are no capacity constraints for this strategy. Portfolio liquidity is monitored by RQA on an
ongoing basis. The team is adequately staffed and, given the diversified approach of the strategy and expansive size
of the investment universe, able to effectively manage the fund at the current asset size. BlackRock takes fund size
and its implications very seriously, and has closed products in the past when capacity was reached and ability to
generate alpha could was potentially compromised