msci-ex10131

*** INDICATES CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT THAT HAVE BEEN OMITTED PURSUANT TO ITEM 601(B) OF REGULATION S-K BECAUSE THE IDENTIFIED CONFIDENTIAL PORTIONS (I) ARE NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

Reference is hereby made to the Amendment (MSCI reference: AMD_00061392.0) dated December 16, 2011 (the “Amendment”) to the Index License Agreement for Funds (MSCI reference: IXF_00040) dated March 18, 2000 (the “Agreement”) by and between MSCI Inc. (formerly known as Morgan Stanley Capital International Inc.) (“MSCI”) and BlackRock Fund Advisors, a California corporation (as successor to Barclays Global Investors, N.A.) (“Licensee”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Amendment or the Agreement, as the case may be.

1.	Effective on the date of this letter, the following two (2) items shall be added to the “Index Information” portion of the table set forth in Section 1 of the Amendment:

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2.	MSCI and Licensee hereby acknowledge and agree that (i) the Amendment erroneously states that it is to the Index License Agreement for Funds “dated as of May 18, 2000” and (ii) the correct date of the Index License Agreement for Funds referred to in the Amendment should be “as of March 18, 2000.”

This letter modifies and operates in conjunction with the Amendment. Together this letter, the Amendment and the Agreement constitute the complete and exclusive statement of the agreement between the parties with respect to the subject matter hereof and supersede in full all prior proposals and understandings, oral or written, relating to such subject matter. To the extent that any terms of this letter conflict with any terms of the Amendment or the Agreement, the terms of this letter shall control. This letter shall be governed by, and construed in accordance with, the laws of the State of New York without regard to its conflict or choice of laws principles.

Please indicate your agreement with the foregoing by countersigning and returning a copy of this letter.

By:	/s/ Alex Gil
Name:	Alex Gil
Title:	Executive Director

ACCEPTED AND AGREED: Apr 23, 2016

BlackRock Fund Advisors

By:	/s/ Manish Mehta
Name:	Manish Mehta
Title:	Managing Director