BEDIX : BlackRock Emerging Markets Flexible Dynamic Bond Portfolio Institutional Shares

Fund Summary

The investment seeks maximum long term total return. The fund invests primarily in a global portfolio of fixed income securities and derivatives of any maturity of issuers located in emerging markets that may be denominated in any currency (on a hedged or un-hedged basis). It will invest at least 80% of its assets in fixed income securities issued by governments, their political subdivisions (states, provinces and municipalities), agencies and companies tied economically to an emerging market. The fund is non-diversified.