A Fund seeking to match the performance of the Russell 2000® Index (the "Russell 2000") as closely as possible before the deduction of Fund expenses.
The Fund uses a proprietary quantitative investment approach, Stratified Sampling with Optimization, that
attempts to replicate, before expenses, the characteristics and performance of the Russell 2000 Index.
Stratified sampling statistically identifies a sample of more liquid equity securities included in the Russell
2000 Index. Selected securities are optimized to construct a portfolio that mimics as closely as possible the
market capitalization, industry weightings and other key fundamental characteristics of the Index.
Stratified Sampling with Optimization allows construction of a portfolio using the most liquid names in the
Russell 2000 Index in order to minimize transaction costs, while still achieving fundamental portfolio level
characteristics very close to those of the Russell 2000.
The Fund seeks its investment objective by investing all of its investable assets in the Master Small Cap Index Series, a portfolio of the Quantitative Master Series Trust, which is managed by BlackRock Advisors, LLC. BlackRock Advisors, LLC on behalf of the Series, has a sub-advisory agreement with BlackRock Investment Management, LLC.