BlackRock Global Corporate ESG Insights Bond Fund

The Fund aims to provide exposure to a portfolio of fixed income (FI) securities (i.e. bonds) within the Bloomberg Global Aggregate Corporate Index GBP Hedged (the “Index”) that is managed, using environmental, social and governance (ESG) related exclusionary screens and a proprietary ESG framework of the Investment Manager (IM) (as described in the Fund’s prospectus), to have 1) no exposure or a reduced exposure (relative to the Index) to certain business activities for ESG related reasons, 2) reduce its overall carbon emission intensity over time relative to the Index, and 3) achieve a higher weighted exposure to companies with higher BSI Intel scores (relative to the Index) (each as further described below). It aims to achieve these ESG related aims whilst also balancing the return and risk profiles of the Fund to be broadly similar to the Index. The Fund seeks to provide a gross return on your investment (generated through the value of the assets held by the Fund and/or income received from those assets) and maintain a risk profile (i.e. an evaluation of the risks (e.g. risk of losses) associated with the portfolio) that (in each case) is broadly similar to that of the Index. Although the Fund aims to achieve its investment objective, there is no guarantee that this will be achieved. The Fund will seek to achieve its investment objective by investing in FI securities in the Index. The Fund may also invest in FI-related securities (i.e. other investments whose value is related to debt), FI securities not in the Index, money market instruments (i.e. debt instruments with short-term maturities), cash and other funds (including exchange traded funds). The FI securities in the Index must be investment grade (i.e. meet a specified level of credit worthiness) at the time of their inclusion in the Index. The Fund may use derivatives (i.e. investments the prices of which are based on one or more underlying assets) to help achieve its investment objective or for efficient portfolio management purposes (EPM) (i.e. to reduce risk or costs within the Fund's portfolio, or generate additional income). The Fund may engage in short-term secured lending of its investments to certain eligible third parties to generate additional income and off-set costs.