BlackRock Dynamic Allocation Fund

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) over the medium to long term which exceeds the Bank of England’s Base Interest Rate by 3.5% per annum (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 invests on a global basis indirectly through derivatives and collective investment schemes (but may also invest directly) in fixed income securities (such as bonds), money-market instruments (i.e. debt securities with short term maturities), equity securities (e.g. shares), derivatives, funds, deposits and cash.