BLACKROCK® STRATEGIC INCOME OPPORTUNITIES FUND Institutional: BSI IX • Investor A: BASIX • Investor C: BSICX Lipper Category Alternative Credit Focus Funds Fund Highlights • A Flexible, Core Bond Alternative: An all-in-one flexible bond portfolio that widens the investment opportunity set by blending traditional and non-traditional investment strategies. • Adapting to Changing Bond Markets: Built to adapt to diverse interest rate and credit conditions by investing across the entire bond market without sector, quality and geography limitations. • A History of Attractive Income & Returns: The Fund has offered a unique combination of attractive income, strong returns and downside protection through diverse market environments. %AVERAGE ANNUAL TOTAL RETURNS (0/30/14)' 111111fita sa Institutional Investor A Investor C With Sales Investor A Investor C tipper CategoryAvg. Morningstar Category A Barclays US Universal: BotA ML 3-Month T-BiW 5.46 5.19 5 Years 10 Years h 791 7.14 %CALENDAR YEAR RETURNS (FUND PERFORMANCE WITHOUT SALES CHARGES)' Institutional 26.23 13.39 -0.73 9.91 3.28 YID 3.35 2Q14 .I 1.65 Walnut A 24.76 13.10 -0.98 064 3.02 3.10 1.58 Investor C 23.86 12.27 -1.72 8.84 2.24 2.81 1.39 Lipper Category Avg. 2195 1124 1.46 6.91 0.95 2.68 1.23 Barclays USUniversal? 8.60 7.17 7.40 6.63 -1.35 4.19 2.20 MomIngsterCategoryttig. 1900 5.44 -1.29 7.60 0.29 2.38 1.14 BoM ML 3-MomhT-BilF 0.21 0.13 0.10 0.11 0.07 0.02 0.01 4.39 moan 4.57 Performance dote quoted represents post performance and is no guarantee of future results. Investment returns and principal values may fluctuate so that on investor's shores, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown. All returns assume reinvestment of all dividend and capitol gain distributions. Refer to vwvev.blockrociccom for current month-end performance. I