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BlackRock Sustainable Advantage Large Cap Core K Fund (BIRKX)

Quick Facts Ticker: BIRKX Inception Date: 03/28/2016 Extended Performance Inception Date: 10/05/2015 Morningstar Category: Large Blend Total Net Assets (mil): $903.27	Investment Strategy    What's this? The investment seeks to provide total return while seeking to maintain certain environmental, social and governance ("ESG") characteristics, climate risk exposure and climate opportunities relative to the fund's benchmark. Under normal circumstances, the fund seeks to invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in large cap equity securities and derivatives that have similar economic characteristics to such securities. Equity securities include common stock and preferred stock. It primarily seeks to buy common stock.
Morningstar Style Box™   as of 06/30/2025    What's this?	Overall Morningstar Star Rating™   as of 07/31/2025    What's this? Out of 1268 Large Blend Funds Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

Returns shown for periods of less than one year are not annualized. All returns displayed here are after Total Investment Expense of the investment option.

The Year-to-Date Change represents an unannualized rate of return (change in value) since the start of the year. All returns shown here are after the Total Investment Expense of the investment option.

In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the fund. Performance when shown reflects the application of net expenses of the fund.

Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. For more performance information, including the most recent month-end performance, visit principal.com.

Month-End | Quarter-End

Average Annual Total Returns as of 07/31/2025

1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since      Inception* Total Return % 2.15 14.41 8.27 15.04 16.61 15.55 --- 14.98 Morningstar US Large-Mid Cap Index % 2.28 14.48 8.78 16.89 17.30 15.50 13.45 --- Large Blend Category % 1.77 12.78 7.61 13.51 15.11 14.38 12.06 --- Morningstar Percentile Rankings** --- --- --- 44 35 31 --- --- # of Funds in Category 1422 1409 1390 1357 1268 1161 898 ---

* Inception Date: 03/28/2016 ; Extended Performance Inception Date: 10/05/2015

**Morningstar percentile rankings are based on total returns.

Expenses   as of 07/31/2025 Total Investment Expense - Gross: 0.50% Total Investment Expense - Net: 0.43% Waiver Date: 06/30/2026 Total Investment Expense Gross Per $1,000 Invested: $5.00

Inv Manager or Sub-Advisor

   What's this?

BlackRock Advisors, LLC

Portfolio Managers

   What's this?

Travis Cooke , CFA Since 10/05/2015 M.S. , London Business School

Anna Hawley , CFA Since 06/01/2020

Raffaele Savi Since 06/01/2020 M.S. , University of Rome

Richard Mathieson Since 06/01/2020 B.A./B.S. , University of Glasgow

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