BlackRock Growth Allocation Fund

The Fund aims to achieve 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) over the long-term (5 or more consecutive years) with a mix of assets that remains stable over time, whilst incorporating the environmental, social and governance (ESG) commitment described below. The Fund will invest at least 70% of its total assets in other funds to gain exposure globally to equity securities (e.g. shares) and commodities (though exposure to commodity funds is not expected to exceed 10%). The Fund may also invest directly in equity securities, FI securities, MMIs (i.e. debt securities with short-term maturities), deposits and cash.