BlackRock Pension Growth Fund

The Fund’s objective is 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 long-term (five or more consecutive years). The Fund intends to gain indirect exposure globally to equity securities (i.e. shares), fixed income (FI) securities (such as bonds) and alternative assets (i.e. assets that are not publicly traded or otherwise not readily transferable or realisable) by investing at least 70% of its total assets in other funds. The exposure to alternative assets will be achieved by the Fund investing in one or more long-term asset funds (LTAFs) that invest at least 50% of their assets in alternative assets such as private equity, private debt, private real estate and/or private infrastructure. Up to 25% of the Fund’s assets may be invested in LTAFs (in aggregate). The Fund may also invest directly in equity securities, FI securities, money market instruments and cash. The Fund’s exposure to equity securities (whether direct or indirect) will represent at least 50% of its total assets.