About BlackRock Institutional Management Delaware-based BlackRock Institutional Management was organized in 1977 to perform advisory services for investment companies; it is a wholly-owned indirect subsidiary of BlackRock, Inc., one of the largest publicly traded investment management firms in the United States with $310 billion of assets under management as of June 30, 2004. BlackRock, Inc. is a majority-owned indirect subsidiary of The PNC Financial Services Group, Inc., one of the largest diversified financial services companies in the United States.

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The Sierra Club Stock Fund is professionally managed under the supervision of Forward Management, the independent Investment Advisor. The fund may choose not to purchase or retain investments that may be profitable if the companies being considered are in conflict with the established environmental and social guidelines of the Sierra Club. Sierra Club Stock Fund is distributed by ALPS Distributors, Inc. We respect your privacy. Sierra Club® is a registered trademark of the Sierra Club.