Audio

Title	Length	Date	Audience
Market Perspectives with Russ Koesterich (2012 - Episode 1) - Opportunities and Risks in the Muni Market 10900	19 mins 19	01/18/2012 2012-01-18 16:37:00.0	Client
Market Perspectives 2011 (Episode 12) - 2011 Market Review & Outlook for 2012 10900	23 mins 23	12/20/2011 2011-12-20 12:00:00.0	Client
Market Perspectives (December 2011) - Koesterich on CASSH 10900	19 mins 19	11/17/2011 2011-11-17 08:19:00.0	Client
Market Perspectives (November 2011) - Emerging Markets: The New Defensives? 10900	23 mins 23	10/20/2011 2011-10-20 11:17:00.0	Client
Market Perspectives (October 2011) - September Market Seasonality 10900	16 mins 16	09/16/2011 2011-09-16 08:37:00.0	Client
Market Perspectives (September 2011) - Debt Ceiling Legislation and Commodities 10900	20 mins 20	08/16/2011 2011-08-16 09:30:00.0	Client
Market Perspectives (August 2011) - SPECIAL EVENT: Eurozone Debt Crisis Call 10900	34 mins 34	07/21/2011 2011-07-21 10:54:00.0	Client
Market Perspectives (July 2011) - 2011: Mid-Year Update 10900	22 mins 22	06/17/2011 2011-06-17 17:56:00.0	Client
Market Perspectives (June 2011) - Why Stocks Will Always Matter 10900	16 mins 16	05/17/2011 2011-05-17 12:16:00.0	Client
Market Perspectives (May 2011) - When to Return to Emerging Markets 10900	21 mins 21	04/20/2011 2011-04-20 15:16:00.0	Client
Market Perspectives (March 2011) - Investing for Income 10900	19 mins 19	03/17/2011 2011-03-17 08:57:00.0	Financial Professional
Market Perspectives (February 2011) - The Emerging Middle Class in Emerging Markets 10900	16 mins 16	02/16/2011 2011-02-16 19:36:00.0	Client
Market Perspectives (January 2011) - Global Inflation and Current Market Outlook 10900	19 mins 19	01/14/2011 2011-01-14 14:27:00.0	Financial Professional

Title	Length	Date	Audience
Fixed Income in Focus	20 mins 20	12/01/2011 2011-12-01 13:53:00.0	Client
Investing in Gold with Kayvan Malek	6 mins 6	12/29/2010 2010-12-29 10:25:00.0	Client
Investing in Gold with Dodd Kittsley	6 mins 6	08/30/2010 2010-08-30 17:10:00.0	Client

Title	Length	Date	Audience
ETF Podcast Series Episode 7: 3 ETF Investing Strategies 10700	4 mins 4	06/16/2010 2010-06-16 12:38:00.0	Client
ETF Podcast Series Episode 6: Fixed-Income ETFs 10500,,11100	5 mins 5	06/16/2010 2010-06-16 12:37:00.0	Client
ETF Podcast Series Episode 5: International ETFs 11100	4 mins 4	06/16/2010 2010-06-16 12:37:00.0	Client
ETF Podcast Series Episode 4: ETF Asset Allocation & Correlation 11100	4 mins 4	05/18/2010 2010-05-18 14:02:00.0	Client
ETF Podcast Series Episode 3: ETF Index-Based Investing 10600,,11100	5 mins 5	06/16/2010 2010-06-16 12:35:00.0	Client
ETF Podcast Series Episode 2: ETF Creation & Redemption 11100	4 mins 4	06/16/2010 2010-06-16 12:34:00.0	Client
ETF Podcast Series Episode 1: ETF Overview 11100	5 mins 5	06/16/2010 2010-06-16 12:34:00.0	Client

Title	Length	Date	Audience
Stumbling on Investing 10200,,11200	32 mins 32	09/27/2010 2010-09-27 09:12:00.0	Client

Market Perspectives with Russ Koesterich (2012 - Episode 1) - Opportunities and Risks in the Muni Market

What's the outlook for municipal bonds in 2012? Russ Koesterich explains they are Still Standing, Still Cheap (19 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives 2011 (Episode 12) - 2011 Market Review & Outlook for 2012

Will 2012 bring to markets the "Great Idle," the "Blow Out" or the "Holiday Miracle?" Russ Koesterich shares thoughts and strategies. (23 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives (December 2011) - Koesterich on CASSH

Find out what CASSH stands for - and why Russ Koesterich likes it. (19 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives (November 2011) - Emerging Markets: The New Defensives?

Why have emerging market assets become less volatile relative to developed market volatility? And where might investors find new opportunities? Listen to our recent call with iShares Chief Investment Strategist Russ Koesterich (23 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives (October 2011) - September Market Seasonality

Could the markets score in Q4? iShares Chief Investment Strategist Russ Koesterich looks at some reasons that could explain why markets typically have a rough September and historically improve in the Fourth quarter. (16 mins)

"Tax-loss selling" or "tax-loss harvesting" refers to the sale of securities at a loss to offset a capital gains tax liability.

"Window Dressing" refers to a portfolio/fund manager strategy where one sells poorly performing securities near the year or quarter end to improve the appearance of a portfolio/fund before presenting it to clients or shareholders.

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives (September 2011) - Debt Ceiling Legislation and Commodities

Global debt? Double Dip? Commodity bubble? Any income-producing opportunities left? iShares Chief Investment Strategist Russ Koesterich fields a wide array of investor questions this month. (20 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives (August 2011) - SPECIAL EVENT: Eurozone Debt Crisis Call

How serious is the Eurozone Debt Crisis, and what could be next? Join iShares Global Chief Investment Strategist Russ Koesterich and a panel of BlackRock market experts for a featured call. (34 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives (July 2011) - 2011: Mid-Year Update

A lot can happen in six months. iShares Chief Investment Strategist Russ Koesterich checks in on his January 2011 Outlook for the year How has the economic environment fared as compared with expectations, and what does it all mean for the market and investors' portfolios? (22 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives (June 2011) - Why Stocks Will Always Matter

Is it too late to return to equities? Not necessarily, says iShares Chief Investment Strategist Russ Koesterich, who makes the case for why stocks still look better than cash or bonds over the long term. Russ also answers listener questions about the debt ceiling, the likelihood of a QE3, and whether the U.S. is in a period of stagflation. (16 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives (May 2011) - When to Return to Emerging Markets

Developed markets or emerging markets - where to invest? Join Russ Koesterich, iShares Chief Investment Strategist, as he shares insights to help you decide. (21 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives (March 2011) - Investing for Income

With short-term interest rates near zero, are investors now forced to take on outsized risk to generate returns? iShares Chief Investment Strategist Russ Koesterich summarizes recent research and answers audience questions. (19 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives (February 2011) - The Emerging Middle Class in Emerging Markets

How does China's economy today compare to that of the US in the 1940s? iShares Chief Investment Strategist Russ Koesterich shares some similarities, differences and potential implications for investors. (16 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Market Perspectives (January 2011) - Global Inflation and Current Market Outlook

Inflation - when will this worrisome player enter the domestic game? Russ Koesterich, iShares Chief Investment Strategist, opens his defensive playbook. (19 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Fixed Income in Focus

Listen to iShares Global Chief Investment Strategist, Russ Koesterich and iShares Head of Fixed Income, Matt Tucker for their perspectives on the fixed income market. Learn about which sectors may offer untapped opportunities, what makes ETFs unique in the current market, and which tactical shifts to make now in fixed income. (20 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of a municipal bond's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. High yield securities may be more volatile, be subject to greater levels of credit or default risk, and may be less liquid and more difficult to sell at an advantageous time or price to value than higher-rated securities of similar maturity. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for shares of an ETF will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, an investor faces the potential for unlimited losses as the security's price rises.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Investing in Gold with Kayvan Malek

Learn from Kayvan Malek, managing director with BlackRock's Global Strategies Group, why this "noble" metal continues to attract investor attention. iS-3416 (6 mins)

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

© 2000-2012 BlackRock Institutional Trust Company, N.A. All rights reserved. iShares® is a registered trademark of BlackRock Institutional Trust Company, N.A. BlackRock® is a registered trademark of BlackRock, Inc. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.

Investing in Gold with Dodd Kittsley

"Prospecting" for information? BlackRock's Dodd Kittsley discusses the gold landscape in the context of exchange traded products. (6 mins)

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. The opinions expressed are intended to provide insight or education and are subject to change. This information should not be relied upon as research or investment advice regarding any security.

iShares COMEX Gold Trust ("Trust") has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and other documents the Trust has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting www.iShares.com or EDGAR on the SEC website at www.sec.gov. Alternatively, the Trust will arrange to send you the prospectus if you request it by calling toll-free 1-800-474-2737.

Investing involves risk, including possible loss of principal. The iShares COMEX Gold Trust ("Trust") is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Trust are not subject to the same regulatory requirements as mutual funds. Because shares of the Trust are created to reflect the price of the gold held by the Trust, the market price of the shares will be as unpredictable as the price of gold has historically been. Additionally, shares of the Trust are bought and sold at market price (not NAV). Brokerage commissions will reduce returns.

Shares of the Trust are created to reflect, at any given time, the market price of gold owned by the trust at that time less the trust's expenses and liabilities. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the gold represented by them. If an investor sells the shares at a time when no active market for them exists, such lack of an active market will most likely adversely affect the price received for the shares. For a more complete discussion of the risk factors relative to the Trust, carefully read the prospectus.

Following an investment in shares of the Trust, several factors may have the effect of causing a decline in the prices of gold and a corresponding decline in the price of the shares. Among them: (i) Large sales by the official sector. A significant portion of the aggregate world gold holdings is owned by governments, central banks and related institutions. If one or more of these institutions decides to sell in amounts large enough to cause a decline in world gold prices, the price of the shares will be adversely affected. (ii) A significant increase in gold hedging activity by gold producers. Should there be an increase in the level of hedge activity of gold producing companies, it could cause a decline in world gold prices, adversely affecting the price of the shares. (iii) A significant change in the attitude of speculators and investors towards gold. Should the speculative community take a negative view towards gold, it could cause a decline in world gold prices, negatively impacting the price of the shares.

The amount of gold represented by shares of the Trust will decrease over the life of the trust due to sales necessary to pay the sponsor's fee and trust expenses. Without increase in the price of gold sufficient to compensate for that decrease, the price of the shares will also decline, and investors will lose money on their investment. The Trust will have limited duration. The liquidation of the trust may occur at a time when the disposition of the trust's gold will result in losses to investors.

Although market makers will generally take advantage of differences between the NAV and the trading price of Trust shares through arbitrage opportunities, there is no guarantee that they will do so. There is no guarantee an active trading market will develop for the shares, which may result in losses on your investment at the time of disposition of your shares. The value of the shares of the Trust will be adversely affected if gold owned by the trust is lost or damaged in circumstances in which the trust is not in a position to recover the corresponding loss. The Trust is a passive investment vehicle. This means that the value of your shares may be adversely affected by trust losses that, if the trust had been actively managed, it might have been possible to avoid.

Shares of the iShares COMEX Gold Trust are not deposits or other obligations of or guaranteed by BlackRock, Inc., and its affiliates, and are not insured by the Federal deposit Insurance Corporation or any other governmental agency.

BlackRock Asset Management International Inc. (BAMII) is the sponsor of the Trust. BlackRock Fund Distribution Company (BFDC), a subsidiary of BAMII, assists in the promotion of the Trust. BAMII is an affiliate of BlackRock, Inc.

Although shares of the iShares COMEX Gold Trust may be bought or sold on the exchange through any brokerage account, shares of the Trust are not redeemable from the Trust except in large aggregated units called Baskets.

"Commodity Exchange, Inc.," and "COMEX" are trademarks of Commodity Exchange, Inc., and have been licensed for use for certain purposes to BlackRock, Inc., and the iShares COMEX Gold Trust. The Trust is not sponsored, endorsed, sold or promoted by Commodity Exchange, Inc., nor does Commodity Exchange, Inc., make any representation regarding the advisability of investing in the Trust.

©2012 BlackRock Institutional Trust Company, N.A. All rights reserved. iShares® is a registered trademark of BlackRock Institutional Trust Company, N.A. BlackRock® is a registered trademark of BlackRock, Inc. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.

ETF Podcast Series Episode 7: 3 ETF Investing Strategies

Podcast Series episode on cash equitization, tax loss harvesting, and tactical rotation strategies (4 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

ETF Podcast Series Episode 6: Fixed-Income ETFs

Podcast Series episode on fixed income exchange traded funds. (5 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

ETF Podcast Series Episode 5: International ETFs

Podcast Series episode on gaining investment exposure to the global economy with international exchange traded funds. (4 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

ETF Podcast Series Episode 4: ETF Asset Allocation & Correlation

Podcast Series episode on using asset allocation and correlation to create a portfolio of investments. (4 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

ETF Podcast Series Episode 3: ETF Index-Based Investing

Podcast Series episode on index-based investing. (5 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

ETF Podcast Series Episode 2: ETF Creation & Redemption

Podcast Series episode on the creation and redemption process of exchange traded funds. (4 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

ETF Podcast Series Episode 1: ETF Overview

Podcast Series episode provides an overview of exchange traded funds. (5 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

Stumbling on Investing

Join us for a fascinating conversation with Dr. Daniel Gilbert, professor of psychology at Harvard University and best selling author of "Stumbling on Happiness," on how tricks of the mind can lead people to make poor decisions about money, love, health and just about everything else. Dr. Gilbert shares some strategies you can use with your clients "to try to do precisely the right thing at all possible times." (32 mins)

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country, investments in smaller companies and narrowly focused investments may be subject to higher volatility. Bonds and bond funds will decrease in value as interest rates rise. A portion of the Fund's income may be subject to federal or state income taxes or the alternative minimum tax. Capital gains, if any, are subject to capital gains tax. Asset allocation and diversification may not protect against market risk. There can be no assurance that an active trading market for such shares will develop or be maintained.

Shares of an iShares Fund may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders. There are special risks associated with margin investing. You may be called upon to deposit additional cash or securities if your account equity including that which is attributable to iShares Funds, declines. With short sales, you risk paying more for a security than you received from its sale.

The strategies and investment comparisons discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy or investment. There may be significant differences between the investments that are not discussed. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. The information provided is not intended to be tax advice. Investors should be urged to consult their tax professionals or financial advisers for more information regarding their specific tax situations. BlackRock, Inc. and SEI do not provide investment or tax advice. The Internal Revenue Service has not released a definitive opinion regarding the definition of "substantially identical" securities and its application to the wash sale rule and ETFs.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular.

SEI and BlackRock, Inc. are not affiliated with Yale University.

Funds distributed by SEI and advised by BlackRock Fund Advisors ("BFA"). BlackRock Execution Services ("BES") and BlackRock Fund Distribution Company ("BFDC") assist in the marketing of the Funds. BFA, BES, and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

BlackRock

Exclusive Content

Premium Content for Financial Professionals Only

Premium Content for Institutional Investors Only

Financial Professionals