BlackRock Charities UK Equity Index Fund

The Fund aims to provide a return on your investment (net of fees), generated through an increase in the value of the assets held by the Fund and/or income received from those assets by tracking closely the performance of the FTSE All Share Index (“Index”). The Fund aims to invest directly in the equity (e.g. shares) of companies in the Index and at times invest indirectly via equity-related securities (i.e. other investments whose value is related to equities) that, as far as possible and practicable, make up the Index and, when determined appropriate directly in other funds, money market instruments (i.e. debt securities with short-term maturities) and cash and near cash.