Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print BlackRock Advantage Lg Cp Val V.I. III Release date as of 2024-03-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Fees and Expenses Taken from prospectus dated 2023-05-01   Maximum Fees Administrative --- Management 0.75% 12b-1 --- Actual Fees 12b-1 0.25% Management 0.75% Expense Ratio 0.85% (taken from annual report dated 2023-12-31) Total Annual Operating Expense 1.37%

Waiver Data Type Date % ExpenseRatio Contractual 2024-06-30 0.52

Management Inception Date: 2004-09-30

Mngr Name Travis Cooke Mngr Start Date 2017-06-12 Biography Travis Cooke, CFA, Managing Director, is Head of the US portfolio management group within BlackRock's Scientific Active Equity (SAE) team. He is responsible for the management of the US long-only, partial long-short, and long-short equity strategies within SAE. Mngr Name Richard Mathieson Mngr Start Date 2017-06-12 Biography Richard Mathieson, CA, Managing Director of BlackRock, Inc. since 2011; Director of BlackRock, Inc. from 2009 to 2011; Principal at Barclays Global Investors from 2008 to 2009; Equity Analyst for Exista UK from 2007 to 2008; Principal at Barclays Global Investors from 2005 to 2007; Associate of Barclays Global Investors from 2001 to 2005. Mr. Mathieson is a member of the Systematic Active Equity division within BlackRock's Active Equities Group. He is a Portfolio Manager responsible for global equity strategies. Prior to this he led the Investment Strategy team in EMEA for Scientific Active Equity. Mr. Mathieson's service with the firm dates back to 2002, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Prior to rejoining BGI in 2008, Mr. Mathieson was an equity analyst for a specialist investment company focused on European financial stocks. Previously he was with BGI as a senior portfolio manager, where he was responsible for managing both long only and market neutral strategies. Prior to joining the BlackRock, Inc. in 1999, Robert was a mortgage banking specialist at Ohio Savings Bank. Mr. Mathieson qualified as a Chartered Accountant with PricewaterhouseCoopers in 2000, and holds a Bachelor of Accountancy from the University of Glasgow Mngr Name Raffaele Savi Mngr Start Date 2017-06-12 Biography "Raffaele Savi is Global Head of BlackRock Systematic (BSYS) and Co-CIO and Co-Head of Systematic Active Equity (SAE). He is a member of BlackRock's Global Executive Committee and its Investment Sub Committee. As head of BSYS, Mr. Savi leads the firm's quantitative investing teams, including fixed income, equity and factor strategies. In 2006, Mr. Savi joined Barclay's Global Investors (BGI), which merged with BlackRock in 2009. At BGI, Mr. Savi was global head of portfolio management for active equities and also served as its head of investments for European active equities. Investment Advisor(s) BlackRock Advisors LLC Web Site www.blackrock.com Issuer BlackRock Subadvisor(s) ---

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