BlackRock Sterling Strategic Bond Fund

The Fund aims to provide, over periods of 3 to 5 consecutive years beginning at the point of investment, a return on your investment (generated through an increase to the value of the Fund’s assets and/or income received from those assets) of 4.5% per year (gross of fees) over the return of the 3-month Sterling Overnight Index Average, whilst incorporating the environmental, social and governance (ESG) commitments described below. The Fund invests at least 80% of its total assets in fixed income (FI) securities (such as bonds), and instruments related to such FI securities (i.e. other investments whose value is related to debt) and at least 50% of its total assets in Sterling denominated, non-government (i.e. government agencies, companies and supranationals), investment grade (i.e. meet a specified level of creditworthiness) FI securities and instruments related to such FI securities. However, the Fund may also invest in the full range of FI securities, including non-investment grade (i.e. with a relatively low credit rating or unrated), emerging market and government FI securities. The Fund may also invest in equity securities (i.e. shares of companies, equity-related securities (i.e. other investments whose value is related to equities), cash, assets that can be turned into cash quickly, and other funds.