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Because such occasions/behaviour could become totally different than expected, Morningstar doesn’t assure that a fund will carry out consistent with its Morningstar Analyst Rating. Likewise, the Morningstar Analyst Rating shouldn’t be seen as any kind of guarantee or evaluation of the creditworthiness of a fund or of its underlying securities and should not be used as the sole foundation for making any funding decision. An S&P Capital IQ fund grading represents an opinion solely and should not be relied on when making an investment determination. Copyright © 2014 by McGraw-Hill worldwide (UK) Limited (S&P), a subsidiary of The McGraw-Hill Companies, Inc. The offshore funds described within the following pages are administered and managed by firms inside the BlackRock Group and can be marketed in certain jurisdictions solely.
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