div style="margin-top: 6pt;"span style="color: #000000; font-family: arial; font-size: 9.30pt;"Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"for investment purposes, in equity securities issued by U.S. and non-U.S. technology companies in all market /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"capitalization ranges, selected for their rapid and sustainable growth potential from the development, advancement /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"and use of technology. Investments in derivatives are counted toward the Fund’s 80% policy to the extent that they /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"provide investment exposure to the securities included within that policy or to one or more market risk factors /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"associated with such securities./spanspan style="color: #000000; font-family: arial; font-size: 9.30pt; line-height: 10.695pt;" /span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: arial; font-size: 9.30pt;"Technology companies may include those companies in the businesses of, among others: software, IT consulting, IT /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"services, interactive home entertainment, interactive media and services, networking equipment, telecom services, /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"communications equipment, technology hardware, storage and peripherals, electronic equipment, instruments and /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"components, semiconductors and semiconductor equipment and consumer finance. The Fund may invest in both /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"developed and emerging markets. BlackRock determines, in its discretion, whether a company is a technology /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"company./span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: arial; font-size: 9.30pt;"The Fund seeks to invest primarily in common stock but may also invest in preferred stock and convertible securities. /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"The Fund may also invest in Rule 144A securities, which are privately placed securities purchased by qualified /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"institutional buyers. From time to time the Fund may invest in shares of companies through initial public offerings /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"(“IPOs”)./span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: arial; font-size: 9.30pt;"The Fund may, when consistent with the Fund’s investment objective, buy or sell options or futures on a security or an /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"index of securities and may buy options on a currency or a basket of currencies, or enter into foreign currency /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"transactions, including swaps (collectively, commonly known as derivatives). An option is the right to buy or sell a /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"security or an index of securities at a specific price on or before a specific date. A future is an agreement to buy or sell /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"a security or an index of securities at a specific price on a specific date. A swap is an agreement whereby one party /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"exchanges its right to receive or its obligation to pay one type of currency for another party’s obligation to pay or its /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"right to receive another type of currency in the future or for a period of time. The Fund typically uses derivatives as a /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"other risks, such as currency risk. The Fund may also use derivatives to enhance returns, in which case their use /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"would involve leveraging risk. The Fund may seek to obtain market exposure to the securities in which it primarily /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"invests by entering into a series of purchase and sale contracts or by using other investment techniques. The Fund /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"may also use forward foreign currency exchange contracts (obligations to buy or sell a currency at a set rate in the /spanspan style="color: #000000; font-family: arial; font-size: 9.30pt;"future)./span/div