BlackRock Market Advantage D GBP Acc

The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) which exceeds a composite benchmark of 30% MSCI All Country World Index with Developed Markets 100% Hedged to GBP and 70% Bloomberg Global Aggregate Index (GBP Hedged) (gross of fees) over the medium to long term (three to five consecutive years). Although the Fund aims to deliver a total return over the medium to long term, there is no guarantee that this will be achieved over this time period, or any time period. The Fund’s capital is at risk. The Fund will invest on a global basis in any or all of the following asset classes: equity securities (e.g. shares), fixed income securities (e.g. bonds), permitted moneymarket instruments (e.g. debt instruments with short-term maturities), cash (and other assets that can be turned into cash quickly), and other funds and derivatives. The Fund may invest in a full range of fixed income securities and money market instruments, which may include investments with a relatively low credit rating or which are unrated. Investments may be made anywhere in the world and in any and all economic sectors. The fixed income securities and money market instruments may be issued by governments, government agencies, companies and supranationals (e.g. The International Bank for Reconstruction and Development). The Fund may invest in a full range of fixed income securities and money market instruments which may include investments with a relatively low credit rating or which are unrated. The IM may use derivatives (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective. The Fund may gain indirect exposure to commodities (e.g. precious metals and agricultural produce) and property through Derivatives, other funds or structured securities (i.e. investment products which are themselves a packaged collection of underlying investments such as shares, bonds and derivatives). The Fund may, via the use of derivatives, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). At any one time, a substantial amount of the Fund’s assets may be held as cash to provide cover for the exposure created by the use of derivatives or to assist in achieving its investment objective. The Fund is actively managed. The IM has discretion to select the Fund's investments and is not constrained by any benchmark in this process, although the Fund will be managed to a level of risk similar to its benchmark. A composite of 30% MSCI All Country World Index with Developed Markets 100% Hedged to GBP and 70% Bloomberg Global Aggregate Index (GBP Hedged) (gross of fees) should be used by unitholders to compare the performance of the Fund. Recommendation: This Fund may not be appropriate for short-term investment. Your units will be accumulating units (i.e. dividend income will be included in their value). Your units will be denominated in Sterling, the Fund's base currency. You can buy and sell your units daily. The minimum initial investment for this unit class is £100,000. For more information on the Fund, share/unit classes, risks and charges, please see the Fund's prospectus, available on the product pages at www.blackrock.com