BlackRock UK Equity Fund

The Fund aims to provide a return on your investment (generated through an increase to the value of the assets held by the Fund and/or income received from those assets). The Fund will invest at least 80% of its total assets in the equity securities (e.g. shares) of United Kingdom companies. The Fund may invest in all economic sectors within the United Kingdom. The Fund is actively managed and the investment adviser (IA) has discretion to select the Fund's investments. In doing so, the IA will refer to the FTSE All-Share TR Index (the “Index”) when constructing the Fund’s portfolio, and also for risk management purposes to ensure that the active risk taken by the Fund remains appropriate given the Fund’s investment objective and policy.