Product Highlights Sheets - BlackRock · 2019-12-31 · 3 3 PRODUCT HIGHLIGHTS SHEET This Product Highlights Sheet is an important document. • It highlights the key terms and risks

Product Highlights Sheets

BlackRock Global Funds

31 December 2019

Contents Pages

ASEAN Leaders Fund 3

Asia Pacific Equity Income Fund 7

Asian Dragon Fund 11

Asian Growth Leaders Fund 15

Asian High Yield Bond Fund 19

Asian Multi-Asset Income Fund (formerly known as Asian Multi-Asset Growth Fund) 23

Asian Tiger Bond Fund 27

China Bond Fund 31

China Flexible Equity Fund 35

China Fund 39

Circular Economy Fund 43

Continental European Flexible Fund 47

Dynamic High Income Fund 51

Emerging Europe Fund 55

Emerging Markets Bond Fund 59

Emerging Markets Corporate Bond Fund 63

Emerging Markets Equity Income Fund 67

Emerging Markets Fund 71

Emerging Markets Local Currency Bond Fund 75

ESG Emerging Markets Blended Bond Fund 79

ESG Emerging Markets Bond Fund 83

ESG Emerging Markets Corporate Bond Fund 87

ESG Emerging Markets Local Currency Bond Fund 91

ESG Multi-Asset Fund (formerly known as Flexible Multi-Asset Fund) 95

Euro Bond Fund 99

Euro Corporate Bond Fund 103

Euro Reserve Fund 107

Euro Short Duration Bond Fund 111

Euro-Markets Fund 115

European Equity Income Fund 119

European Focus Fund 123

European Fund 127

European High Yield Bond Fund 131

European Special Situations Fund 135

European Value Fund 139

FinTech Fund 143

Fixed Income Global Opportunities Fund 147

Future Of Transport Fund 151

Global Allocation Fund 155

Contents Pages

Global Bond Income Fund 159

Global Corporate Bond Fund 163

Global Dynamic Equity Fund 167

Global Equity Income Fund 171

Global Government Bond Fund 175

Global High Yield Bond Fund 179

Global Inflation Linked Bond Fund 183

Global Long-Horizon Equity Fund (formerly known as Global Opportunities Fund) 187

Global Multi-Asset Income Fund 191

India Fund 195

Japan Flexible Equity Fund 199

Japan Small & MidCap Opportunities Fund 203

Latin American Fund 207

Natural Resources Growth & Income Fund 211

Next Generation Technology Fund 215

Nutrition Fund (formerly known as World Agriculture Fund) 219

Pacific Equity Fund 223

Sustainable Energy Fund (formerly known as New Energy Fund) 227

Swiss Small & MidCap Opportunities Fund 231

Systematic China A-Share Opportunities Fund (formerly known as China A-Share Opportunities Fund) 235

Systematic Global Equity High Income Fund (formerly known as Global Enhanced Equity Yield Fund) 239

Systematic Global SmallCap Fund (formerly known as Global SmallCap Fund ) 243

United Kingdom Fund 247

US Basic Value Fund 251

US Dollar Bond Fund 255

US Dollar High Yield Bond Fund 259

US Dollar Reserve Fund 263

US Dollar Short Duration Bond Fund 267

US Flexible Equity Fund 271

US Government Mortgage Fund 275

US Growth Fund 279

US Small & MidCap Opportunities Fund 283

World Bond Fund 287

World Energy Fund 291

World Financials Fund 295

World Gold Fund 299

World Healthscience Fund 303

World Mining Fund 307

World Real Estate Securities Fund 311

World Technology Fund 315

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This Product Highlights Sheet is an important document.

•

It highlights the key terms and risks of this investment product and complements the Prospectus1.•

It is important to read the Prospectus before deciding whether to purchase the product. If you do not have a copy, please contact us to ask for one.•

You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.•

If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.

BLACKROCK GLOBAL FUNDS ASEAN LEADERS FUND

Product Type Investment Company

Launch Date Class A: 8 August 2012Class D: 8 August 2012

Management Company

BlackRock (Luxembourg) S.A.

Custodian The Bank of New York Mellon SA/NV, Luxembourg Branch (which is the Depositary)

Trustee Not applicable Dealing Frequency Generally every business day in Luxembourg

Capital Guaranteed No Expense Ratio for the financial year ended 31 August 2019

Class A: 1.85%Class D: 1.10%

Name of Guarantor Not applicable

PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR? Further Information

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The Fund is only suitable for investors who: Refer to “Investment Object ive, Pol icy and Strategy” of the Singapore Prospectus for further information on product suitability.

o Seek to maximise total return.o Seek to invest in stocks of companies in current or past

member countries of the ASEAN economic organisation.o Are informed investors willing to adopt capital and income

risk.

KEY PRODUCT FEATURESWHAT ARE YOU INVESTING IN? Refer to “The Company”

and “The Funds” of the Singapore Prospectus for further information on features of the product.

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You are investing in a sub-fund of BlackRock Global Funds (“BGF”).

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BGF is an open-ended investment company incorporated in Luxembourg and its home regulator is the Commission de Surveillance du Secteur Financier (CSSF).

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Non-Distributing Shares do not pay dividends whereas Distributing Shares pay dividends.o For Distributing (G), (R) and (S) Shares (if available): (i)

dividends may come from capital of the Fund; (ii) this may reduce capital and the potential for capital growth of the Fund, and (iii) similar to other Distributing Shares, there is no guarantee of payout and the dividends may rise or fall.

1 The Prospectus is available for collection at the offices of the Singapore Representative during normal business hours or accessible at www.blackrock.com/sg.

Prepared: 31/12/19

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Investment Strategy

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The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, current or past member countries of the ASEAN economic organisation.

Refe r to “ I nve st m e nt Object ive , Po l i cy and S t r a t e g y ” a n d “ U s e o f D e r i v a t i v e s a n d Securities Lending” of the Singapore Prospectus for further information on investment strategy.

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The Fund may invest directly up to 20% in aggregate of its total assets in the PRC by investing via the Renminbi Qualified Foreign Institutional Investor Quota and/or via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.•

The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management.

Parties InvolvedWHO ARE YOU INVESTING WITH? Refer to “The Company”,

“ M a n a g e m e n t a n d A d m i n i s t ra t i o n ” a n d “Other Parties” of the S ingapore Prospectus for further information o n t h e r o l e a n d r e s p o n s i b i l i t i e s o f these entities and what happens if they become insolvent.

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The Management Company is BlackRock (Luxembourg) S.A.•

The Management Company has delegated its investment management function of the Fund to one or more investment advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).•

The relevant investment adviser(s) may sub-delegate some of its/their functions to one or more sub-advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).•

The Depositary is The Bank of New York Mellon SA/NV, Luxembourg Branch.

•

The Singapore Representative is BlackRock (Singapore) Limited.

KEY RISKSWHAT ARE THE KEY RISKS OF THIS INVESTMENT? Refer to “Risk Factors” of

the Singapore Prospectus for further information on risks of the product.

The price of Shares of the Fund and any income from them may fall as well as rise.These risk factors may cause you to lose some or all of your investment.

Market and Credit Risks•

The Fund may be subject to Currency Riskso Foreign currency exchange rate movements are likely to

influence the returns to investors in Singapore, hence investors may be exposed to exchange rate risks.

o For Hedged Share Classes, while the Fund attempts to hedge currency risks, there can be no guarantee that it will be successful in doing so.

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The Fund may be subject to Emerging Market Riskso The Fund may invest in one or more emerging markets

(including certain member countries of the ASEAN economic organisation) and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.

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The Fund may be subject to Foreign Investment Restrictions Riskso Some countries prohibit or restrict investment, or the

repatriation of income, capital or the proceeds from sale of securities. The Fund may incur higher costs investing in these countries. Such restrictions may delay the investment or repatriation of capital of the Fund.

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The Fund may be subject to Equity Riskso The values of equities fluctuate daily and can be

influenced by many factors including issuer-specific factors and broader economic and political developments.

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Liquidity Risks

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Trading volumes in the underlying investments of the Fund may fluctuate significantly, due to factors including market development, market sentiment or regulatory/government intervention. An inability to readily sell investments at the desired time or price may negatively impact the Fund.

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Redemptions may be suspended in certain circumstances detailed in the Prospectus.

Product-Specific Risks

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The Fund may be subject to Derivatives Risks

o The use of derivatives may expose the Fund to a higher degree of risk. Derivative contracts can be highly volatile and a relatively small market movement may have a potentially larger impact on derivatives than on standard bonds or equities. Leveraged derivative positions can hence increase the Fund’s volatility. The Fund may sustain loss as a result of the failure of a derivatives counterparty to comply with the terms of the derivatives contract.

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The Fund may be subject to the risks of Securities Lending

o The Fund may engage in securities lending. As such, the Fund will have a credit risk exposure to the counterparties to any securities lending contract. The Fund’s investments can be lent to counterparties over a period of time. A default by the counterparty combined with a fall in the value of the collateral below that of the value of the securities lent may result in a reduction in the value of the Fund.

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The Fund may be subject to Smaller Capitalisation Companies Risks

o The Fund may invest in small cap companies. Such investments may have higher than average volatility and liquidity risks.

FEES AND CHARGESWHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Refer to “Fees, Charges

a n d E x p e n s e s ” a n d A p p e n d i x 1 o f t h e Singapore Prospectus for further information on fees and charges.

Payable directly by youInitial Charge Class A: Up to 5%, Class D: Up

to 5%Redemption Charge Nil^

Conversion Charge Nil^

^ A redemption charge of up to a maximum of 2% may be levied where excessive trading by a shareholder is suspected. A conversion charge of up to a maximum of 2% may be levied where excessively frequent conversions are made.

For more information about distributors’ charges, please contact the relevant distributor through which you acquire your Shares.Payable by the Fund from invested proceeds

Management Fee2

(a) Retained by Management Company

(b) Paid by Management Company to Singapore distributors (trailer fee)3

Class A: 1.50% p.a., Class D: 0.75% p.a.(a) 40% to 100% of Management Fee(b) 0% to 60% of Management Fee

Administration Fee2 Currently up to 0.25% p.a.

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Depositary Fees Custody safekeeping fees: From 0.0024% to 0.45% p.a.Transaction fees: From US$5.50 to US$124 per transaction

Securities Lending Fee The securities lending agent, BlackRock Advisors (UK) Limited, receives remuneration up to 37.5% of the net revenue from securities lending, with all operational costs borne out of BlackRock’s share.

VALUATIONS AND EXITING FROM THIS INVESTMENTHOW OFTEN ARE VALUATIONS AVAILABLE? R e f e r t o “ O b t a i n i n g

Price Information” and “Redemptions” of the S ingapore Prospectus for further information on valuation and exiting from the product.

“Dealing Day” means any Luxembourg bus iness day on which the Fund is open for dealing.

The net asset value of the Class A and Class D Shares for the previous dealing day may be obtained from the Singapore Representative or an appointed Singapore distributor and will also be published on www.blackrock.com.sg.

HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO?

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The Fund does not offer a cancellation period to investors.

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You may request to redeem your shares on any Dealing Day which is a business day in Singapore.

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Redemption proceeds are determined as follows:o Redemption requests submitted through the Singapore

Representative or appointed Singapore distributors and on-sent to the Investor Servicing Team by 6:00 pm (Singapore time)4 on any Dealing Day which is a business day in Singapore, will be accepted for that day’s dealing.

o Redemption requests received by the Investor Servicing Team after this cut-off will be accepted for dealing on the next Dealing Day.

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An example of how the gross redemption proceeds are calculated is as follows:

1,000 Shares X USD1.505 = USD1,500Redemption request

Net Asset Value per Share

Gross Redemption proceeds

•Redemption payments will normally be dispatched on the third Luxembourg business day after the relevant dealing day.

CONTACT INFORMATIONHOW DO YOU CONTACT US?

BlackRock (Singapore) LimitedTwenty Anson, #18-01, 20 Anson Road, Singapore 079912Telephone: +65 6411-3000Email: [email protected]: www.blackrock.com.sg

2 The combined Management and Administration Fees may be increased to up to a maximum of 2.25% in total by giving Shareholders 3 months’ prior notice.

3 Your Singapore distributor is required to disclose to you the amount of trailer fee it receives from the Management Company.

4 The Singapore Representative and appointed Singapore distributors may impose their own more restrictive dealing deadlines on Shareholders in order to meet the Investor Servicing Team’s dealing cut-off.

5 For illustrative purposes only.

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BLACKROCK GLOBAL FUNDSASIA PACIFIC EQUITY INCOME FUND


Launch Date Class A: 18 September 2009Class D: 20 May 2011

Management Company



Trustee Not applicable Dealing Frequency

Generally every business day in Luxembourg


Class A: 1.85% Class D: 1.10%



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o Seek an above average income from investments in stocks without sacrificing long term capital growth.

o Seek to invest in stocks of companies in Asia Pacific excluding Japan.

o Are informed investors willing to adopt capital and income risk.



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Prepared: 31/12/19

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Investment Strategy

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The Fund invests at least 70% of its total assets in equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the Asia Pacific region excluding Japan.


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The Depositary is The Bank of New York Mellon SA/NV, Luxembourg Branch.•





Market and Credit Risks

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The Fund may be subject to Currency Risks

o Foreign currency exchange rate movements are likely to influence the returns to investors in Singapore, hence investors may be exposed to exchange rate risks.


•

The Fund may be subject to Emerging Market Risks

o The Fund may invest in one or more emerging markets (including certain Asia Pacific countries) and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.

•

The Fund may be subject to Foreign Investment Restrictions Risks

o Some countries prohibit or restrict investment, or the repatriation of income, capital or the proceeds from sale of securities. The Fund may incur higher costs investing in these countries. Such restrictions may delay the investment or repatriation of capital of the Fund.

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The Fund may be subject to Equity Risks

o The values of equities fluctuate daily and can be influenced by many factors including issuer-specific factors and broader economic and political developments.

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Liquidity Risks

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The Fund may be subject to Capital Growth Risks

o The Fund pursues an investment strategy in order to generate income and may pay dividends from capital or net gains. Such investment strategies and/or dividend policies may reduce capital and the potential for capital growth and future income of the Fund.

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For more information about distributors’ charges, please contact the relevant distributor through which you acquire your Shares.

Payable by the Fund from invested proceeds

Management Fee2





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The Fund does not offer a cancellation period to investors.•

You may request to redeem your shares on any Dealing Day which is a business day in Singapore.•


Representative or appointed Singapore distributors and on-sent to the Investor Servicing Team by 6:00pm (Singapore time)4 on any Dealing Day which is a business day in Singapore, will be accepted for that day’s dealing.

o Redemption requests received by the Investor Servicing Team after this cut-off will be accepted for dealing on the next Dealing Day.•





•

Redemption payments will normally be dispatched on the third Luxembourg business day after the relevant dealing day.

CONTACT INFORMATIONHOW DO YOU CONTACT US?BlackRock (Singapore) LimitedTwenty Anson, #18-01, 20 Anson Road, Singapore 079912Telephone: +65 6411-3000Email: [email protected]: www.blackrock.com.sg





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BLACKROCK GLOBAL FUNDS ASIAN DRAGON FUND


Launch Date Class A: 2 January 1997Class D: 20 February 2009

Management Company









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o Seek to maximise total return.o Seek to invest in stocks of companies in Asia excluding

Japan.o Are informed investors willing to adopt capital and income

risk.



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Prepared: 31/12/19

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Investment Strategy

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The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Asia, excluding Japan.


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• The Fund may be subject to Emerging Market Risks

o The Fund may invest in one or more emerging markets (including certain Asian countries) and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.

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Liquidity Risks

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Payable by the Fund from invested proceedsManagement Fee2




Administration Fee2 Currently up to 0.25% p.a.Depositary Fees Custody safekeeping fees: From

0.0024% to 0.45% p.a.Transaction fees: From US$5.50 to US$124 per transaction


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BLACKROCK GLOBAL FUNDS ASIAN GROWTH LEADERS FUND


Launch Date Class A: 31 October 2012 Class D: 28 November 2012

Management Company








•


o Seek to maximise total return.o Seek to invest in equity securities of companies domiciled

in, or exercising the predominant part of their activity in Asia, excluding Japan.




•


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BGF is an open-ended investment company incorporated in Luxembourg and its home regulator is the Commission de Surveillance du Secteur Financier (CSSF).•




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Prepared: 31/12/19

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Investment Strategy

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The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their activity in Asia, excluding Japan. The Fund places particular emphasis on sectors and companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital.

Refe r to “ I nve st m e nt Object ive , Po l i cy and S t r a t e g y ” a n d “ U s e o f D e r i v a t i v e s a n d Securities Lending” of the Singapore Prospectus for further information on investment strategy.•





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The Fund may be subject to Limited Market Sectors Riskso The Fund’s investments are concentrated in sectors and

companies that exhibit growth investment characteristics. This may subject the Fund to greater volatility and more rapid cyclical changes than more broad-based investments.

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Liquidity Risks

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•


Product-Specific Risks•

The Fund may be subject to Derivatives Riskso The use of derivatives may expose the Fund to a higher

degree of risk. Derivative contracts can be highly volatile and a relatively small market movement may have a potentially larger impact on derivatives than on standard bonds or equities. Leveraged derivative positions can hence increase the Fund’s volatility. The Fund may sustain loss as a result of the failure of a derivatives counterparty to comply with the terms of the derivatives contract.

•

The Fund may be subject to Smaller Capitalisation Companies Riskso The Fund may invest in small cap companies. Such

investments may have higher than average volatility and liquidity risks.














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BLACKROCK GLOBAL FUNDS ASIAN HIGH YIELD BOND FUND


Launch Date Class A: 4 December 2017 Class D: 4 December 2017

Management Company








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o Seek to maximise total return.o Seek to invest in high yield fixed income transferable

securities, denominated in various currencies, issued by governments and agencies of, and companies domiciled in, or exercising the predominant part of their economic activity in the Asia Pacific Region.




•

You are investing in a sub-fund of BlackRock Global Funds (“BGF”).•





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Prepared: 31/12/19

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Investment Strategy

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The Fund invests at least 70% of its total assets in high yield fixed income transferable securities, denominated in various currencies, issued by governments and agencies of, and companies domiciled in, or exercising the predominant part of their economic activity in the Asia Pacific region. The Fund may invest in the full spectrum of permitted fixed income transferable securities and fixed income related securities, including non-investment grade. Currency exposure is flexibly managed.


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The Fund may gain direct exposure for no more than 20% of its total assets to onshore bonds distributed in Mainland China in the China Interbank Bond Market via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time.•

The Fund’s exposure to Distressed Securities is limited to 10% of its total assets and its exposure to contingent convertible bonds is limited to 20% of total assets.•




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Market and Credit Risks• The Fund may be subject to Credit Risk of Issuers

o The Fund may be exposed to the credit/default risk of bonds that it invests in. In the event of bankruptcy or default of an issuer, the Fund may experience losses and incur costs.

o The actual or perceived downgrading of a rated debt security or its issuer could decrease the value and liquidity of the security, and may have an adverse impact on the Fund. However, the Fund may continue to hold it to avoid a distressed sale.

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The Fund may be subject to Interest Rate Riskso An increase in interest rates may adversely affect the

value of the bonds held by the Fund.

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The Fund may be subject to Sovereign Debt Riskso The Fund may invest in bonds issued or guaranteed by

governments or authorities, which may involve political, economic, default, or other risks.

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Liquidity Risks

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The Fund may be subject to Non-Investment Grade Bonds Risks

o The Fund may invest in non-investment grade bonds. This may subject the Fund to higher credit/default risks, volatility and liquidity risks than investment grade bonds.

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The Fund may be subject to the risks of Contingent Convertible Bonds

o Investments in contingent convertible bonds involve a number of risks, including a higher degree of uncertainty and risk of capital loss, as compared to other debt or equity securities.









Management Fee2







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Depositary Fees Custody safekeeping fees: From 0.0024% to 0.45% p.a. Transaction fees: From US$5.50 to US$124 per transaction







• The Fund does not offer a cancellation period to investors.

• You may request to redeem your shares on any Dealing Day which is a business day in Singapore.

• Redemption proceeds are determined as follows:o Redemption requests submitted through the Singapore



• An example of how the gross redemption proceeds are calculated is as follows:




• Redemption payments will normally be dispatched on the third Luxembourg business day after the relevant dealing day.





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BLACKROCK GLOBAL FUNDSASIAN MULTI-ASSET INCOME FUND

(FORMERLY KNOWN AS ASIAN MULTI-ASSET GROWTH FUND)


Launch Date Class A: 20 January 2016

Management Company





Class A: 1.70%


PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR? Further Information• The Fund is only suitable for investors who: Refer to “Investment

Object ive, Pol icy and Strategy” of the Singapore Prospectus for further information on product suitability.

o Seeks income and long-term capital growth from its investments.

o Seek to invest in fixed income transferable securities and equity securities of issuers and companies domiciled in, or exercising the predominant part of their economic activity in, Asia, excluding Japan.




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Prepared: 31/12/19

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Investment Strategy

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The Fund invests at least 80% of its total assets in fixed income transferable securities and equity securities of issuers and companies domiciled in, or exercising the predominant part of their economic activity in, Asia, excluding Japan. The Fund invests in the full spectrum of permitted investments including equities, equity-related securities, fixed income transferable securities (including non-investment grade), units of undertakings for collective investment, cash, deposits and money market instruments. The Fund has a flexible approach to asset allocation with a bias towards income-generating securities (including fixed income transferable securities and dividend-paying equities). Currency exposure is flexibly managed.


•

The Fund may invest directly in the PRC by investing via the Renminbi Qualified Foreign Institutional Investor Quota (“RQFII Quota”) and/or via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect. The Fund may gain direct exposure to onshore bonds distributed in Mainland China in the China Interbank Bond Market via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time. The Fund may invest up to 20% in aggregate of its total assets in the PRC via RQFII Quota, the Shanghai-Hong Kong Stock Connect, the Shenzhen-Hong Kong Stock Connect, the Foreign Access Regime and/or Bond Connect.•

As part of its investment objective the Fund may invest up to 10% of its total assets in ABS and MBS whether investment grade or not. These may include asset-backed commercial paper, collateralised debt obligations, collateralised mortgage obligations, commercial mortgage-backed securities, credit-linked notes, real estate mortgage investment conduits, residential mortgage-backed securities and synthetic collateralised debt obligations. The underlying assets of the ABS and MBS may include loans, leases or receivables (such as credit card debt, automobile loans and student loans in the case of ABS and commercial and residential mortgages originating from a regulated and authorised financial institution in the case of MBS). The ABS and MBS in which the Fund invests may use leverage to increase return to investors. Certain ABS may be structured by using a derivative such as a credit default swap or a basket of such derivatives to gain exposure to the performance of securities of various issuers without having to invest in the securities directly.•

The Fund’s exposure to Distressed Securities is limited to 10% of its total assets and its exposure to contingent convertible bonds is limited to 5% of its total assets.•




• The Management Company is BlackRock (Luxembourg) S.A.• The Management Company has delegated its investment

management function of the Fund to one or more investment advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).

• The relevant investment adviser(s) may sub-delegate some of its/their functions to one or more sub-advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).

• The Depositary is The Bank of New York Mellon SA/NV, Luxembourg Branch.

• The Singapore Representative is BlackRock (Singapore) Limited.




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Market and Credit Risks• The Fund may be subject to Equity Risks


Liquidity Risks

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Product-Specific Risks• The Fund may be subject to Non-Investment Grade Bonds Risks


















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The net asset value of the Class A Shares for the previous dealing day may be obtained from the Singapore Representative or an appointed Singapore distributor and will also be published on www.blackrock.com.sg.


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BLACKROCK GLOBAL FUNDS ASIAN TIGER BOND FUND


Launch Date Class A: 2 February 1996Class D: 9 May 2012

Management Company








• The Fund is only suitable for investors who: Refer to “Investment Object ive, Pol icy and Strategy” of the Singapore Prospectus for further information on product suitability.

o Seek to maximise total return.o Seek to invest in bonds issued by governments and

companies in Asia excluding Japan.o Are informed investors willing to adopt capital and income

risk.



•


•


•




Prepared: 31/12/19

28

28

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the fixed income transferable securities of issuers domiciled in, or exercising the predominant part of their economic activity in, Asian Tiger countries. The Fund may invest in the full spectrum of available securities, including non-investment grade. The currency exposure of the Fund is flexibly managed.


•

The Fund may invest directly up to 20% of its total assets in the PRC by investing via the Renminbi Qualified Foreign Institutional Investor Quota.

•

The Fund may gain direct exposure for no more than 20% of its total assets to onshore bonds distributed in Mainland China in the China Interbank Bond Market via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time. The Fund may invest up to 20% in aggregate of its total assets in the PRC via Renminbi Qualified Foreign Institutional Investor Quota, the Foreign Access Regime and/or Bond Connect.

•

The Fund’s exposure to contingent convertible bonds is limited to 20% of total assets and the Fund’s exposure to Distressed Securities is limited to 10% of its total assets.

•




•

The Management Company is BlackRock (Luxembourg) S.A.

•

The Management Company has delegated its investment management function of the Fund to one or more investment advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).

•

The relevant investment adviser(s) may sub-delegate some of its/their functions to one or more sub-advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).

•


•





Market and Credit Risks• The Fund may be subject to Currency Risks




29

29

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

• The Fund may be subject to Foreign Investment Restrictions Risks


Liquidity Risks

•


Product-Specific Risks• The Fund may be subject to Derivatives Risks


• The Fund may be subject to Distressed Securities Risks

o The Fund may invest in securities issued by a company that is in financial difficulty or in default. This involves significant risk. There is no guarantee that any exchange offer or reorganisation will be successfully completed.

• The Fund may be subject to Non-Investment Grade Bonds Risks















30

30

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T







•


•


•




•





•








31

31

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS CHINA BOND FUND


Launch Date Class A: 27 July 2012Class D: 18 October 2012

Management Company

BlackRock(Luxembourg) S.A.









o Seek to maximise total return.o Seek to invest in fixed income transferable securities

issued or distributed outside of mainland China and denominated in Renminbi or other non-Chinese domestic currencies.




•


•


•




Prepared: 31/12/19

32

32

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in fixed income transferable securities denominated in Renminbi or other non-Chinese domestic currencies issued by entities exercising the predominant part of their economic activity in the PRC through recognised mechanisms including but not limited to the Chinese Interbank Bond Market, the on exchange bond market, quota system and/or through onshore or offshore issuances and/or any future developed channels. The Fund may invest without limit in the PRC via the Renminbi Qualified Foreign Institutional Investor Quota and in the China Interbank Bond Market via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time.

Refer to “Investment Object ive, Pol icy and S t r a t e g y ” a n d “ U s e o f D e r i v a t i v e s a n d Securities Lending” of the Singapore Prospectus for further information on investment strategy.

•

The Fund may invest in the full spectrum of permitted fixed income transferable securities and fixed income related securities, including non-investment grade (limited to 50% of total assets). Currency exposure is flexibly managed.

•

The Fund’s exposure to Distressed Securities is limited to 10% of its total assets and its exposure to contingent convertible bonds is limited to 20% of total assets.

•




•


•



•


•






o

The Fund may be exposed to the credit/default risk of bonds that it invests in. In the event of bankruptcy or default of an issuer, the Fund may experience losses and incur costs.

o

The actual or perceived downgrading of a rated debt security or its issuer could decrease the value and liquidity of the security, and may have an adverse impact on the Fund. However, the Fund may continue to hold it to avoid a distressed sale.

• The Fund may be subject to Currency Risks

o

Foreign currency exchange rate movements are likely to influence the returns to investors in Singapore, hence investors may be exposed to exchange rate risks.

33

33

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

o

For Hedged Share Classes, while the Fund attempts to hedge currency risks, there can be no guarantee that it will be successful in doing so.

Liquidity Risks

•






• The Fund may be subject to the risks of Contingent Convertible Bonds









Management Fee2







34

34

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•





•






35

35

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS CHINA FLEXIBLE EQUITY FUND


Launch Date Class A: 31 October 2017 Class D: 31 October 2017

Management Company








•



in, or exercising the predominant part of their activity in, the People’s Republic of China.




•


•


•




Prepared: 31/12/19

36

36

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in a portfolio of equity securities of companies domiciled in, or exercising the predominant part of their activity in the PRC. The Fund may invest without limit in the PRC via the Renminbi Qualified Foreign Institutional Investor Quota and/or via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect. The Fund will have a flexible allocation between onshore and offshore Chinese equity markets. Currency exposure is flexibly managed.


•




•


•


•


•


•









o The Fund may invest in one or more emerging markets (including certain member countries of the ASEAN economic organisation) and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.



37

37

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

• The Fund may be subject to Equity Risks


Liquidity Risks

•


•




• The Fund may be subject to Smaller Capitalisation Companies Risks
















38

38

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•





•






39

39

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS CHINA FUND


Launch Date Class A: 24 June 2008Class D: 28 September 2009

Management Company










o Seek to maximise total return.o Seek to invest in stocks of companies domiciled in, or

exercising the predominant part of their economic activity in, the People’s Republic of China (the “PRC”).




•


•


•




Prepared: 31/12/19

40

40

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the People’s Republic of China.


•





•













o The Fund may invest in one or more emerging markets (including the PRC) and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.





41

41

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•


•




• The Fund may be subject to the risks of Securities Lending


















42

42

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•





•






43

43

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS CIRCULAR ECONOMY FUND


Launch Date Class A: 2 October 2019Class D: 2 October 2019

Management Company






Class A: N/A2

Class D: N/A2




o Seek to maximise total return.o Are informed investors willing to adopt capital and income

risk.


and The Funds” of the Singapore Prospectus for further information on features of the product.

•


•


•


(dividends may come from capital of the Fund; (ii) this may reduce capital and the potential for capital growth of the Fund, and (iii) similar to other Distributing Shares, there is no guarantee of payout and the dividends may rise or fall.


2 Not applicable as share class has not been incepted as of 31 August 2019.

Prepared: 31/12/19

44

44

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy•

The Fund invests at least 80% of its total assets in the equity securities of companies globally that benefit from, or contribute to, the advancement of the “Circular Economy”. Up to 20% of the total assets of the Fund may be invested in other equity securities, fixed income securities, collective investment schemes or cash for the purposes of meeting the Fund’s objective or for liquidity purposes.


The Circular Economy concept recognises the importance of a sustainable economic system and represents an alternative economic model to the default “make-use-throw away” approach of consumption, which is believed to be unsustainable given scarce resources and the rising cost of managing waste. The concept promotes the redesign of products and systems to minimise waste and to enable greater recycling and reuse of materials.•

The Fund will aim to invest in line with the principles of the Circular Economy as determined by the Investment Manager (having regard to specialist third party information sources as appropriate). In normal market conditions the Fund will invest in a portfolio of equity securities of companies with large, medium and small market capitalisation, across all industry sectors, that benefit from the circular economy and/or contribute to the advancement of the circular economy across four categories:o Adopters: Companies that are adopting ‘circularity’

in their business operations (e.g. companies involved in sustainable fashion or companies that have made a commitment to use recycled plastics in production processes).

o Enablers: Companies that provide new, innovative solutions directly aimed at solving inefficient material use and pollution (e.g. companies involved in recycling of products, companies involved in reducing inputs such as water and energy and companies enabling sustainable transportation).

o Beneficiaries: Companies that provide alternatives to materials that cannot be recycled or supply these to the extended value chain (e.g. companies that will see an increase in demand for their products from shifts towards more easily recyclable products and companies that offer natural or plant-based circular alternatives to non-recyclable and non-biodegradable products).

o Business model winners: Companies that facilitate efficient or more responsible consumption via innovative business models (e.g. companies that replace existing business models with digital alternatives and companies that are involved in repair or resale which prolong the use of goods).•

The Fund may invest in emerging markets and invest directly up to 20% of its total assets in the PRC by investing via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.•




•






45

45

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






• The Fund may be subject to Equity Riskso The values of equities fluctuate daily and can be


Liquidity Risks

•


Product-Specific Risks• The Fund may be subject to Smaller Capitalisation

Companies Riskso The Fund may invest in small cap companies. Such












Class A: 1.50% p.a., Class D: 0.68% p.a.(a) 40% to 100% of Management

Fee(b) 0% to 60% of Management Fee




46

46

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Depositary Fees Custody safekeeping fees: From0.0024% to 0.45% p.a. Transaction fees: From US$5.50 to US$124 per transaction







•


•


•




•


1,000 Shares X USD1.506 = USD1,500Redemptionrequest








47

47

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS CONTINENTAL EUROPEAN FLEXIBLE FUND


Launch Date Class A: 24 November 1986Class D: 22 December 2008

Management Company










in, or exercising the predominant part of their economic activity in Europe excluding the UK.




•


•


•




Prepared: 31/12/19

48

48

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Europe excluding the UK. The Fund normally invests in securities that, in the opinion of the Investment Adviser, exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants.


•

The Fund’s exposure to contingent convertible bonds is limited to 5% of its total assets.

•




•


•


•


•


•












49

49

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•


•






















50

50

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•





•






51

51

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS DYNAMIC HIGH INCOME FUND


Launch Date Class A: 6 February 2018Class D: 6 February 2018

Management Company









o Seek to provide a high level of income.o Seek to invest significantly in income producing assets

such as fixed income transferable securities, including corporate and government issues which may be fixed and floating and may be investment grade, sub-investment grade or unrated, covered call options and preference shares.




•






Prepared: 31/12/19

52

52

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund follows a flexible asset allocation policy that seeks to provide a high level of income. In order to generate high levels of income the Fund will seek diversified income sources across a variety of asset classes, investing significantly in income producing assets such as fixed income transferable securities, including corporate and government issues which may be fixed and floating and may be investment grade, sub-investment grade or unrated, covered call options and preference shares. The Fund will use a variety of investment strategies and may invest globally in the full spectrum of permitted investments including equities, equity-related securities, fixed income transferable securities, units of undertakings for collective investment, cash, deposits and money market instruments. Currency exposure is flexibly managed.


•

The Fund may invest directly in the PRC by investing via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.•

The Fund may gain direct exposure to onshore bonds distributed in Mainland China in the China Interbank Bond Market via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time. The Fund may invest up to 20% in aggregate of its total assets in the PRC via the Shanghai-Hong Kong Stock Connect, the Shenzhen-Hong Kong Stock Connect, the Foreign Access Regime and/or Bond Connect.•

As part of its investment objective the Fund may invest up to 50% of its total assets in ABS and MBS whether investment grade or not.•

The Fund’s exposure to Distressed Securities is limited to 10% of its total assets, its exposure to contingent convertible bonds is limited to 20% of total assets and its exposure to structured notes qualifying as transferable securities (which may embed a derivative) is limited to 30% of total assets. Where structured notes embed a derivative, the underlying instruments to such structured notes will be UCITS eligible investments.•




•The Management Company is BlackRock (Luxembourg) S.A.•The Management Company has delegated its investment management function of the Fund to one or more investment advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).•




KEY PRODUCT FEATURESWHAT ARE THE KEY RISKS OF THIS INVESTMENT? Refer to “Risk Factors” of



53

53

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






Liquidity Risks

•


Product-Specific Risks• The Fund may be subject to Capital Growth Risks

o

The Fund pursues an investment strategy in order to generate income and may pay dividends from capital or net gains. Such investment strategies and/or dividend policies may reduce capital and the potential for capital growth and future income of the Fund.









Management Fee2








54

54

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T







•


•


•




•










55

55

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS EMERGING EUROPE FUND


Launch Date Class A: 29 December 1995Class D: 19 May 2006

Management Company










exercising the predominant part of their economic activity in, emerging European or the Mediterranean region.




•


•


•




Prepared: 31/12/19

56

56

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, emerging European countries. It may also invest in companies domiciled in and around, or exercising the predominant part of their economic activity in and around, the Mediterranean region.


•




•


•


•


•


•









o

The Fund may invest in one or more emerging markets (including emerging European/Mediterranean countries) and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.





57

57

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•


•






















58

58

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










59

59

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS EMERGING MARKETS BOND FUND


Launch Date Class A: 1 October 2004Class D: 13 September 2012

Management Company


Custodian The Bank of New York Mellon SA/NV, Luxembourg Branch(which is the Depositary)







o Seek to maximise total return.o Seek to invest in bonds issued by governments and

companies domiciled in, or exercising the predominant part of their economic activity in, emerging markets.




•


•


•




Prepared: 31/12/19

60

60

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the fixed income transferable securities of governments and agencies of, and companies domiciled or exercising the predominant part of their economic activity in, emerging markets. The Fund may invest in the full spectrum of available securities, including non-investment grade. Currency exposure is flexibly managed.


•

The Fund may gain direct exposure for no more than 20% of its total assets to onshore bonds distributed in Mainland China in the China Interbank Bond Market via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time.

•

The Fund may invest more than 10% (but not more than 20%) of its net asset value in debt securities issued by and/or guaranteed by governments in each of Argentina, Brazil, Indonesia, Mexico, the Philippines, Russia, Turkey, Ukraine and Venezuela, countries which are rated non-investment grade. Such investments are based on (i) reference to the weighting that the relevant country’s bond market represents of the emerging market bond universe within the JP Morgan Emerging Markets Bond Index Global Diversified Index (although the Fund is not an index-tracking fund, the Investment Adviser will take into account the constituent weighting of the benchmark when making investment decisions), and/or (ii) the professional judgment of the Investment Adviser, whose reasons for investment may include a favourable/positive outlook on the relevant sovereign/foreign issuer, potential for ratings upgrade and the expected changes in the value of such investments due to ratings changes. Due to market movements, as well as credit/investment rating changes, the exposures may change over time. The afore-mentioned countries are for reference only and may change without prior notice to investors.

•

The Fund’s exposure to contingent convertible bonds is limited to 10% of its total assets and the Fund’s exposure to Distressed Securities is limited to 10% of its total assets.

•




•The Management Company is BlackRock (Luxembourg) S.A.

•The Management Company has delegated its investment management function of the Fund to one or more investment advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).

•


•


•





61

61

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T





Liquidity Risks

•













Management Fee2







62

62

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










63

63

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS EMERGING MARKETS CORPORATE BOND FUND


Launch Date Class A: 18 February 2013Class D: 18 February 2013

Management Company









o Seek to maximise total return.o Seek to invest in bonds issued by companies domiciled

in, or exercising the predominant part of their economic activity in, emerging markets.




•


•


•

Non-Distributing Shares do not pay dividends whereas Distributing Shares pay dividends.


Prepared: 31/12/19

64

64

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

o For Distributing (G), (R) and (S) Shares (if available): (i) dividends may come from capital of the Fund; (ii) this may reduce capital and the potential for capital growth of the Fund, and (iii) similar to other Distributing Shares, there is no guarantee of payout and the dividends may rise or fall.

Investment Strategy

•

The Fund invests at least 70% of its total assets in the fixed income transferable securities issued by companies domiciled in, or exercising the predominant part of their economic activity in, emerging markets. Currency exposure is flexibly managed.


•


The Fund’s exposure to contingent convertible bonds is limited to 20% of total assets and the Fund’s exposure to Distressed Securities is limited to 10% of its total assets.•




•



•










• The Fund may be subject to Currency Riskso Foreign currency exchange rate movements are likely to



65

65

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

• The Fund may be subject to Emerging Market Riskso The Fund may invest in one or more emerging markets

and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.

Liquidity Risks

•




• The Fund may be subject to Non-Investment Grade Bonds Riskso The Fund may invest in non-investment grade bonds.

This may subject the Fund to higher credit/default risks, volatility and liquidity risks than investment grade bonds.

• The Fund may be subject to the risks of Securities Lendingo The Fund may engage in securities lending. As such, the

Fund will have a credit risk exposure to the counterparties to any securities lending contract. The Fund’s investments can be lent to counterparties over a period of time. A default by the counterparty combined with a fall in the value of the collateral below that of the value of the securities lent may result in a reduction in the value of the Fund.















66

66

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•





•






67

67

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS EMERGING MARKETS EQUITY INCOME FUND


Launch Date Class A: 12 August 2011 Class D: 15 September 2011

Management Company










o Seek to invest in stocks of companies domiciled in, or exercising the predominant part of their economic activity, in emerging markets or developed markets that have significant business operations in emerging markets.




•


•


•




Prepared: 31/12/19

68

68

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity, in emerging markets. Investment may also be made in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developed markets that have significant business operations in emerging markets.


The Fund may invest directly up to 20% of its total assets in the PRC by investing via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.

•




•


•


•


•


•









o The Fund may invest in one or more emerging markets and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.



69

69

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•


•




• The Fund may be subject to Derivatives Risks


















70

70

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










71

71

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

This Product Highlights Sheet is an important document.•





BLACKROCK GLOBAL FUNDS EMERGING MARKETS FUND


Launch Date Class A: 30 November 1993Class D: 19 May 2006

Management Company










exercising the predominant part of their economic activity in, emerging markets or developed markets that have significant business operations in emerging markets.




•


•


•



Prepared: 31/12/19


72

72

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, emerging markets. Investment may also be made in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developed markets that have significant business operations in emerging markets.



•




•


•


•


•


•












73

73

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T



Liquidity Risks

•


•




















74

74

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










75

75

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS EMERGING MARKETS LOCAL CURRENCY BOND FUND


Launch Date Class A: 2 February 2007Class D: 20 March 2009

Management Company









o Seek to maximise total return.o Seek to invest in local currency-denominated bonds issued

by governments and companies domiciled or exercising the predominant part of their economic activity, in emerging markets.




•


•




Prepared: 31/12/19


76

76

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in local currency-denominated fixed income transferable securities issued by governments and agencies of, and companies domiciled or exercising the predominant part of their economic activity in, emerging markets. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure is flexibly managed.


The Fund’s exposure to Distressed Securities is limited to 20% of its total assets and its exposure to contingent convertible bonds is limited to 5% of its total assets.•

The Fund may invest directly up to 10% of its total assets in the PRC by investing via the Renminbi Qualified Foreign Institutional Investor Quota.•

The Fund may gain direct exposure for no more than 20% of its total assets to onshore bonds distributed in Mainland China in the China Interbank Bond Market via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time. The Fund may invest up to 20% in aggregate of its total assets in the PRC via Renminbi Qualified Foreign Institutional Investor Quota, the Foreign Access Regime and/or Bond Connect.•

The Fund may invest more than 10% (but not more than 20%) of its net asset value in debt securities issued by and/or guaranteed by governments in each of Brazil, Hungary, Indonesia, Russia Republic of South Africa and Turkey, countries which are rated non-investment grade. Such investments are based on (i) reference to the weighting that the relevant country’s bond market represents of the emerging market bond universe within the JP Morgan GBI-EM Global Diversified Index (although the Fund is not an index-tracking fund, the Investment Adviser will take into account the constituent weighting of the benchmark when making investment decisions), and/or (ii) the professional judgment of the Investment Adviser, whose reasons for investment may include a favourable/positive outlook on the relevant sovereign/foreign issuer, potential for ratings upgrade and the expected changes in the value of such investments due to ratings changes. Due to market movements, as well as credit/investment rating changes, the exposures may change over time. The afore-mentioned countries are for reference only and may change without prior notice to investors.•The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management.



•









77

77

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Market and Credit Risks• The Fund may be subject to Currency Risks Refer to “Investment

Object ive, Pol icy and S t r a t e g y ” a n d “ U s e o f D e r i v a t i v e s a n d Securities Lending” of the Singapore Prospectus for further information on investment strategy.




o The Fund may invest in emerging markets and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.

Liquidity Risks

•


Product-Specific Risks• The Fund may be subject to Distressed Securities Risks











Management Fee2







78

78

PR

OD

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T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










79

79

PR

OD

UC

T HIG

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T


•





BLACKROCK GLOBAL FUNDSESG EMERGING MARKETS BLENDED BOND FUND


Launch Date Class A: 9 July 2018Class D: 9 July 2018

Management Company

BlackRoc (Luxembourg) S.A.









issued by governments and government agencies of, and companies domiciled in, or exercising the predominant part of their economic activity in, emerging markets, denominated in both emerging market and non-emerging market currencies, and included within the J.P. Morgan ESG Blended Emerging Market Bond Index (Sovereign) (the “Index” and the securities comprised within it being the “Index Securities”).




•


•


•



Prepared: 31/12/19

80

80

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


Investment Strategy

•

The Fund invests at least 70% of its total assets in fixed income transferable securities issued by governments and government agencies of, and companies domiciled in, or exercising the predominant part of their economic activity in, emerging markets, denominated in both emerging market and non-emerging market currencies, and included within the Index. The Index provides the investment universe for at least 70% of the Fund’s total assets. The weighting of Index Securities within the Fund’s portfolio may differ from the weightings of securities within the Index, as the Fund is actively managed and does not seek to track the Index. The asset allocation of the Fund is intended to be flexible and the Fund will maintain the ability to switch exposure between currencies and issuers as market conditions and other factors dictate.


•

In selecting such Index Securities, the Investment Adviser will, in addition to other investment criteria, take into account the ESG characteristics of the relevant issuer. The Investment Adviser will analyse which ESG factors drive an issuer’s ESG score within the Index and its broader ESG performance. To undertake this analysis, the Investment Adviser may use data provided by external ESG score providers, proprietary models and local intelligence and may undertake site visits. The Index methodology assesses and ranks potential constituents according to their ESG credentials relative to their industry peers.•

The Fund may also invest in fixed income transferable securities of issuers which are not included in the Fund’s benchmark index at the time of purchase, but which the Investment Adviser considers to meet similar ESG criteria (in addition to other investment criteria).•

The Fund may gain direct exposure for no more than 20% of its total assets to on-shore bonds distributed in Mainland China in the China Interbank Bond Market via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time.•The Fund may invest not more than 20% of its Net Asset Value in debt securities issued by and/or guaranteed by governments in each of Argentina, Brazil, Hungary, Indonesia, Mexico, the Philippines, Russia, Republic of South Africa, Turkey and Ukraine.•

Currency exposure is flexibly managed. The Fund’s exposure to Distressed Securities is limited to 10% of its total assets and its exposure to contingent convertible bonds is limited to 10% of total assets. The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management.



•




81

81

PR

OD

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T HIG

HLIG

HTS

SH

EE

T

•








Liquidity Risks

•











Management Fee2







82

82

PR

OD

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T HIG

HLIG

HTS

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T








•


•


•




•


1,000 Shares X USD 1.505 = USD 1,500Redemption request








83

83

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• It highlights the key terms and risks of this investment product and complements the Prospectus1.

• It is important to read the Prospectus before deciding whether to purchase the product. If you do not have a copy, please contact us to ask for one.

• You should not invest in the product if you do not understand it or are not comfortable with the accompanying risks.

• If you wish to purchase the product, you will need to make an application in the manner set out in the Prospectus.

BLACKROCK GLOBAL FUNDSESG EMERGING MARKETS BOND FUND



Management Company










issued by governments and government agencies of, and companies domiciled in, or exercising the predominant part of their economic activity in, emerging markets, denominated in both emerging market and non-emerging market currencies, and included within the J.P. Morgan ESG Emerging Market Bond Index Global Diversified (the “Index” and the securities comprised within it being the “Index Securities”).




•






Prepared: 31/12/19

84

84

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the fixed income transferable securities of governments and government agencies of, and companies domiciled in, or exercising the predominant part of their economic activity in, emerging markets, and included within the Index. The Index provides the investment universe for at least 70% of the Fund’s total assets. The weighting of Index Securities within the Fund’s portfolio may differ from the weightings of securities within the Index, as the Fund is actively managed and does not seek to track the Index.


•

In selecting such Index Securities, the Investment Adviser will, in addition to other investment criteria, take into account the ESG characteristics of the relevant issuer. The Investment Adviser will analyse which ESG factors drive an issuer’s ESG score within the Index and its broader ESG performance. To undertake this analysis, the Investment Adviser may use data provided by external ESG score providers, proprietary models and local intelligence and may undertake site visits. The Index methodology assesses and ranks potential constituents according to their ESG credentials relative to their industry peers.•

The Fund may also invest in fixed income transferable securities of an issuer which are not included in the Index at the time of purchase, but which the Investment Adviser considers to meet similar ESG criteria (in addition to other investment criteria).•

The Fund may gain direct exposure for no more than 20% of its total assets to on-shore bonds distributed in Mainland China in the China Interbank Bond Market via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time.•

The Fund may invest not more than 20% of its Net Asset Value in debt securities issued by and/or guaranteed by governments in each of Argentina, Brazil, Indonesia, Mexico, the Philippines, Russia, Turkey and Ukraine.•

Currency exposure is flexibly managed. The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management. The Fund’s exposure to Distressed Securities is limited to 10% of its total assets and its exposure to contingent convertible bonds is limited to 10% of total assets.



•


The Management Company has delegated its investment management function of the Fund to one or more investment advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospe ctus).•







85

85

PR

OD

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T HIG

HLIG

HTS

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EE

T





Liquidity Risks

•
















Administration Fee2 Currently up to 0.25% p.a.Depositary Fees Custody safekeeping fees:

From 0.0024% to 0.45% p.a. Transaction fees: From US$5.50 to US$124 per transaction




86

86

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






•


•


•




•





•






87

87

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






BLACKROCK GLOBAL FUNDS ESG EMERGING MARKETS CORPORATE BOND FUND



Management Company








•



issued by companies domiciled in, or exercising the predominant part of their economic activity in, emerging markets and included within the J.P. Morgan ESG Corporate Emerging Market Bond Index Broad Diversified (the “Index” and the securities comprised within it being the “Index Securities”).




• You are investing in a sub-fund of BlackRock Global Funds (“BGF”).

• BGF is an open-ended investment company incorporated in Luxembourg and its home regulator is the Commission de Surveillance du Secteur Financier (CSSF).

• Non-Distributing Shares do not pay dividends whereas Distributing Shares pay dividends.o For Distributing (G), (R) and (S) Shares (if available): (i)



Prepared: 31/12/19

88

88

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

• The Fund invests at least 70% of its total assets in the fixed income transferable securities issued by companies domiciled in, or exercising the predominant part of their economic activity in, emerging markets and included within the Index. The Index provides the investment universe for at least 70% of the Fund’s total assets. The weighting of Index Securities within the Fund’s portfolio may differ from the weightings of securities within the Index, as the Fund is actively managed and does not seek to track the Index.


• In selecting Index Securities, the Investment Adviser will, in addition to other investment criteria, take into account the ESG characteristics of the relevant issuer. The Investment Adviser will analyse which ESG factors drive an issuer’s ESG score within the Index and its broader ESG performance. To undertake this analysis, the Investment Adviser may use data provided by external ESG score providers, proprietary models and local intelligence and may undertake site visits. The Index methodology assesses and ranks potential constituents according to their ESG credentials relative to their industry peers.

• The Fund may also invest in fixed income transferable securities of issuers which are not included in the Fund’s benchmark index at the time of purchase, but which the Investment Adviser considers to meet similar ESG criteria (in addition to other investment criteria).

• The Fund may gain direct exposure for no more than 20% of its total assets to onshore bonds distributed in Mainland China in the China Interbank Bond Market via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time.

• The Fund may invest not more than 20% of its Net Asset Value in debt securities issued by and/or guaranteed by governments in each of Argentina, Brazil, Hungary, Indonesia, Mexico, the Philippines, Russia, Republic of South Africa, Turkey and Ukraine.

• Currency exposure is flexibly managed. The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management. The Fund’s exposure to Distressed Securities is limited to 10% of its total assets and its exposure to contingent convertible bonds is limited to 20% of its total assets.



• The Management Company is BlackRock (Luxembourg) S.A.

• The Management Company has delegated its investment management function of the Fund to one or more investment advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).







89

89

PR

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T HIG

HLIG

HTS

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EE

T


•



•

The Fund may be subject to Emerging Market Riskso The Fund may invest in emerging markets and may be

subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.

Liquidity Risks

• Redemptions may be suspended in certain circumstances detailed in the Prospectus.


•















0.0024% to 0.45% p.a. Transaction fees: From US$5.50 to US$124 per transaction




90

90

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T




















91

91

PR

OD

UC

T HIG

HLIG

HTS

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EE

T






BLACKROCK GLOBAL FUNDSESG EMERGING MARKETS LOCAL CURRENCY BOND FUND



Management Company









•

Seek to maximise total return.

•

Seek to invest in fixed income transferable securities issued by governments of emerging markets, denominated in the local currency of such emerging markets countries and included within the J.P. Morgan ESG Government Bond Index – Emerging Market Global Diversified (the “Index” and the securities comprised within it being the “Index Securities”).

•

Are informed investors willing to adopt capital and income risk.



•


•


•




Prepared: 31/12/19

92

92

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the fixed income transferable securities issued by governments of emerging markets, denominated in the local currency of such emerging markets countries and included within the Index. The Index provides the investment universe for at least 70% of the Fund’s total assets. The weighting of Index Securities within the Fund’s portfolio may differ from the weightings of securities within the Index, as the Fund is actively managed and does not seek to track the Index.

Refe r to “ I nve st m e nt Object ive , Po l i cy and Strategy” and “Use of Derivatives and Securities Lending” of the Singapore Prospectus for further information on investment strategy.

•

In selecting such Index Securities, the Investment Adviser will, in addition to other investment criteria, take into account the “ESG” characteristics of the relevant issuer. The Investment Adviser will analyse which ESG factors drive an issuer’s ESG score within the Index and its broader ESG performance. To undertake this analysis, the Investment Adviser may use data provided by external ESG score providers, proprietary models and local intelligence and may undertake site visits. The Index methodology assesses and ranks potential constituents according to their ESG credentials relative to their industry peers.

•

The Fund may also invest in fixed income transferable securities of issuers which are not included in the Fund’s benchmark index at the time of purchase, but which the Investment Adviser considers to meet similar ESG criteria (in addition to other investment criteria).

•


•

The Fund may invest not more than 20% of its Net Asset Value in debt securities issued by and/or guaranteed by governments in each of Brazil, Hungary, Indonesia, Russia, Republic of South Africa and Turkey.

•

Currency exposure is flexibly managed. The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management.

•

The Fund’s exposure to distressed securities is limited to 10% of its total assets and its exposure to contingent convertible bonds is limited to 5% of total assets.



• The Management Company is BlackRock (Luxembourg) S.A.

• The Management Company has delegated its investment management function of the Fund to one or more investment advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).







93

93

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Market and Credit RisksThe Fund may be subject to Currency Risks

•



•

The Fund may invest in emerging markets and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.

Liquidity Risks

•





















94

94

PR

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HLIG

HTS

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T




















95

95

PR

OD

UC

T HIG

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HTS

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EE

T






BLACKROCK GLOBAL FUNDS ESG MULTI-ASSET FUND

(FORMERLY KNOWN AS FLEXIBLE MULTI-ASSET FUND)


Launch Date Class A: 4 January 1999Class D: 14 December 2009

Management Company







PRODUCT SUITABILITYWHO IS THE PRODUCT SUITABLE FOR? Further InformationThe Fund is only suitable for investors who: Refer to “Investment


•

Seek to maximise total return in a manner consistent with the principles of environmental, social and governance “ESG”-focused investing.•Seek to invest globally in the full spectrum of permitted investments including equities, fixed income transferable securities (which may include some high yield fixed income transferable securities), units of undertakings for collective investment, cash, deposits and money market instruments.•




•






Prepared: 31/12/19

96

96

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally in the full spectrum of permitted investments including equities, fixed income transferable securities (which may include some high yield fixed income transferable securities), units of undertakings for collective investment, cash, deposits and money market instruments.


•

The Investment Adviser will, in addition to the criteria above, take into account ESG characteristics when selecting the securities to be held directly by the Fund. The Investment Adviser intends to exclude direct investment in securities of issuers including: issuers which have exposure to, or ties with controversial weapons (nuclear, cluster munitions, biological-chemical, landmines, blinding laser, depleted uranium, or incendiary weapons); issuers deriving over 30% of revenue from thermal coal extraction and generation; tobacco producers and issuers deriving over 15% of revenue from tobacco retailing, distribution and licensing; issuers which produce firearms intended for retail to civilians or deriving over 5% of revenue from the retail of firearms to civilians and issuers of securities that are deemed to have breached one or more of the ten United Nations Global Compact Principles.•

The Investment Adviser intends to limit direct investment in securities of issuers involved the production, distribution or licensing of alcoholic products; the ownership or operation of gambling-related activities or facilities; production, supply and mining activities related to nuclear power and production of adult entertainment materials.•

To undertake this analysis and exclusion, the Investment Adviser intends to use data provided by external ESG research providers, proprietary models and local intelligence. The Investment Adviser will exclude any issuer with a MSCI ESG rating below BBB.•

The Fund has a flexible approach to asset allocation. The Fund may invest in securities denominated in currencies other than the reference currency (Euro). Currency exposure is flexibly managed.•

The Fund may invest directly in the PRC by investing via the Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect, and may gain direct exposure to onshore bonds distributed in Mainland China in the China Interbank Bond Market via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time.•

The Fund may invest up to 20% in aggregate of its total assets in the PRC via the Shanghai-Hong Kong Stock Connects, the Shenzhen-Hong Kong Stock Connects, the Foreign Access Regime and/or Bond Connect.•The Fund may invest up to 20% of its total assets in ABS and MBS. The Fund’s exposure to contingent convertible bonds is limited to 20% of total assets. The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management. The Fund may use total return swaps and contracts for difference that have equity or fixed income transferable securities and equity or fixed income related securities as underlying assets.



•






97

97

PR

OD

UC

T HIG

HLIG

HTS

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EE

T




Market and Credit RisksThe Fund may be subject to Credit Risk of Issuers

•



•


Liquidity Risks

•



•










Management Fee2







98

98

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










99

99

PR

OD

UC

T HIG

HLIG

HTS

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T


•





BLACKROCK GLOBAL FUNDS EURO BOND FUND


Launch Date Class A: 31 March 1994Class D: 8 June 2007

Management Company









•


•

Seek to invest in investment grade fixed income transferable securities.

•Are informed investors willing to adopt capital and income risk.



•


•


•




Prepared: 31/12/19

100

100

PR

OD

UC

T HIG

HLIG

HTS

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T

Investment Strategy

•

The Fund invests at least 80% of its total assets in investment grade fixed income transferable securities. At least 70% of total assets will be invested in fixed income transferable securities denominated in euro. Currency exposure is flexibly managed.


•

As part of its investment objective the Fund may invest up to 20% of its total assets in ABS and MBS whether investment grade or not. These may include asset-backed commercial paper, collateralised debt obligations, collateralised mortgage obligations, commercial mortgage-backed securities, credit-linked notes, real estate mortgage investment conduits, residential mortgage-backed securities and synthetic collateralised debt obligations. The underlying assets of the ABS and MBS may include loans, leases or receivables (such as credit card debt, automobile loans and student loans in the case of ABS and commercial and residential mortgages originating from a regulated and authorised financial institution in the case of MBS). The ABS and MBS in which the Fund invests may use leverage to increase return to investors. Certain ABS may be structured by using a derivative such as a credit default swap or a basket of such derivatives to gain exposure to the performance of securities of various issuers without having to invest in the securities directly.

•

The Fund’s exposure to contingent convertible bonds is limited to 20% of total assets.

•




•


•


•


•


•The Singapore Representative is BlackRock (Singapore) Limited.







101

101

PR

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• The Fund may be subject to Sovereign Debt Risks

o The Fund may invest in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default, or other risks.

Liquidity Risks

•



•



•

The Fund may be subject to Non-Investment Grade Bonds Risks









Management Fee2







102

102

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










103

103

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS EURO CORPORATE BOND FUND



Management Company








•


o Seek to maximise total return.o Seek to invest in investment grade corporate fixed income

transferable securities denominated in euro.o Are informed investors willing to adopt capital and income

risk.



•


•


•




Prepared: 31/12/19

104

104

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in investment grade corporate fixed income transferable securities denominated in euro. Currency exposure is flexibly managed.


•


•


•




•


•


•


•







•

The Fund may be subject to Credit Risk of Issuers



•



105

105

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•



•

The Fund may be subject to Interest Rate Riskso An increase in interest rates may adversely affect the value

of the bonds held by the Fund.

Liquidity Risks

•



•



•

The Fund may be subject to ABS and MBS Risks

o The obligations associated with these securities may be subject to greater credit, liquidity and interest rate risk compared to other fixed income securities such as government issued bonds.








Management Fee2







106

106

PR

OD

UC

T HIG

HLIG

HTS

SH

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T





















107

107

PR

OD

UC

T HIG

HLIG

HTS

SH

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T


•





BLACKROCK GLOBAL FUNDS EURO RESERVE FUND



Management Company









o Seek to obtain returns in line with money market rates consistent with preservation of capital and liquidity.

o Seek to invest in investment grade fixed income transferable securities denominated in Euro and Euro cash.




•


•


•




Prepared: 31/12/19

108

108

PR

OD

UC

T HIG

HLIG

HTS

SH

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T

Investment Strategy

•

The Fund invests its assets exclusively in Euro denominated short-term assets and cash in accordance with the requirements of the MMF Regulations. The Fund is a short-term money market fund.


•

The Fund may invest up to 15% of its total assets in securitisations and asset backed commercial paper that are sufficiently liquid and have received a favourable assessment pursuant to the Internal Credit Quality Assessment Procedure.

•

The Fund may invest in eligible repurchase agreements and reverse repurchase agreements for both liquidity management purposes and for permitted investment purposes.

•

The Fund may only use derivatives for the purpose of hedging the interest rate or exchange rate risks inherent in its investments. The underlying of the derivative instruments must consist of interest rates, foreign exchange rates, currencies or indices representing one of those categories.

•

The Fund does not rely on external support for guaranteeing the liquidity of the Fund or stabilising the NAV per share.



•


•


•


•


•











109

109

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• The Fund may be subject to Interest Rate Risks

o An increase in interest rates may adversely affect the value of the bonds held by the Fund.



Liquidity Risks

•



•



•





Payable directly by youInitial Charge 0.00%Redemption Charge Nil^




Management Fee2







110

110

PR

OD

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T HIG

HLIG

HTS

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T








•


•


•




•










111

111

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDSEURO SHORT DURATION BOND FUND


Launch Date Class A: 4 January 1999Class D: 12 November 2007

Management Company









o Seek to maximise total return.o Seek to invest in investment grade fixed income

transferable securities.o Are informed investors willing to adopt capital and income

risk.



•


•


•




Prepared: 31/12/19

112

112

PR

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UC

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HLIG

HTS

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Investment Strategy

•

The Fund invests at least 80% of its total assets in investment grade fixed income transferable securities. At least 70% of total assets will be invested in fixed income transferable securities denominated in Euro with a duration of less than five years. The average duration is not more than three years. Currency exposure is flexibly managed.


•


•


•




•


•


•


•The Depositary is The Bank of New York Mellon SA/NV, Luxembourg Branch.

•






•

The Fund may be subject to Credit Risk of Issuers



113

113

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HLIG

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T

•




•

The Fund may be subject to Interest Rate Riskso An increase in interest rates may adversely affect the value

of the bonds held by the Fund.

•

The Fund may be subject to Sovereign Debt Riskso The Fund may invest in bonds issued or guaranteed by


Liquidity Risks

•



The Fund may be subject to Derivatives Risks wo The use of derivatives may expose the Fund to a higher


•










Management Fee2







114

114

PR

OD

UC

T HIG

HLIG

HTS

SH

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T








•


•


•




•










115

115

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDSEURO-MARKETS FUND


Launch Date Class A: 4 January 1999Class D: 19 May 2006

Management Company










in those EU Member States participating in EMU.o Are informed investors willing to adopt capital and income

risk.



•


•


•




Prepared: 31/12/19

116

116

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in equity securities of companies domiciled in those EU Member States participating in EMU. Other exposure may include, without limitation, investments in those EU Member States that, in the opinion of the Investment Adviser, are likely to join EMU in the foreseeable future and companies based elsewhere that exercise the predominant part of their economic activity in EMU-participating countries.


•


•




•


•


•


•


•










Liquidity Risks

•


117

117

PR

OD

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T HIG

HLIG

HTS

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T


•



•



•










Management Fee2







118

118

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










119

119

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS EUROPEAN EQUITY INCOME FUND


Launch Date Class A: 3 December 2010Class D: 21 January 2011

Management Company









•

The Fund is only suitable for investors who: Refer to “Investment Object ive, Pol icy and Strategy” of the Singapore Prospectus for further information on product suitability

o Seek an above average income from equity investments without sacrificing long term capital growth.

o Seek to invest in equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe.




•


•


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Prepared: 31/12/19

120

120

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe.


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Liquidity Risks

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121

121

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Product-Specific Risk•

The Fund may be subject to Capital Growth Risks Refer to “Investment Object ive, Pol icy and S t r a t e g y ” a n d “ U s e o f D e r i v a t i v e s a n d Securities Lending” of the Singapore Prospectus for further information on investment strategy.


•



•

The Fund may be subject to the risks of Securities Lendingo The Fund may engage in securities lending. As such, the


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Management Fee2









122

122

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








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123

123

PR

OD

UC

T HIG

HLIG

HTS

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EE

T


•





BLACKROCK GLOBAL FUNDS EUROPEAN FOCUS FUND


Launch Date Class A: 14 October 2005Class D: 20 June 2008

Management Company









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o Seek to maximise total return.o Seek to invest in a concentrated portfolio of equity

securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe.




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•


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Prepared: 31/12/19

124

124

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

• The Fund invests at least 70% of its total assets in a concentrated portfolio of equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe.


•

The Fund’s exposure to contingent convertible bonds is limited to 5% of its total assets.•




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•



Liquidity Risks

•


•


125

125

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T




•



•



















126

126

PR

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HLIG

HTS

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T




The net asset value of the Class A and Class D Shares for the previous dealing day may be obtained from the Singapore Representative or an appointed Singapore distributor and will also be published on www.blackrock.com/sg.


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127

127

PR

OD

UC

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HLIG

HTS

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T


•





BLACKROCK GLOBAL FUNDS EUROPEAN FUND


Launch Date Class A: 30 November 1993Class D: 19 May 2006

Management Company








•



exercising the predominant part of their economic activity in, Europe.




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Prepared: 31/12/19


128

128

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe.


•





•


•


•


•


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Liquidity Risks

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•


129

129

PR

OD

UC

T HIG

HLIG

HTS

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EE

T




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•



















130

130

PR

OD

UC

T HIG

HLIG

HTS

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EE

T






•


•


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•






131

131

PR

OD

UC

T HIG

HLIG

HTS

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EE

T


•





BLACKROCK GLOBAL FUNDS EUROPEAN HIGH YIELD BOND FUND



Management Company









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o Seek to maximise total return and seek to invest in high yield fixed income.

o transferable securities, denominated in various currencies, issued by governments and agencies of, and companies domiciled in, or exercising the predominant part of their economic activity in Europe.




•



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Prepared: 31/12/19


132

132

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in high yield fixed income transferable securities, denominated in various currencies, issued by governments and agencies of, and companies domiciled in, or exercising the predominant part of their economic activity in Europe. The Fund may invest in the full spectrum of available fixed income transferable securities, including non-investment grade. Currency exposure is flexibly managed.

Refer to “Investment Object ive, Pol icy and S t r a t e g y ” a n d “ U s e o f D e r i v a t i v e s a n d Securities Lending” of the Singapore Prospectus for further information on investment strategy.•






•

The Management Company is BlackRock (Luxembourg) S.A.o The Management Company has delegated its investment

management function of the Fund to one or more investment advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).

o The relevant investment adviser(s) may sub-delegate some of its/their functions to one or more sub-advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).

o The Depositary is The Bank of New York Mellon SA/NV, Luxembourg Branch.

o The Singapore Representative is BlackRock (Singapore) Limited.





The Fund may be subject to Credit Risk of Issuerso The Fund may be exposed to the credit/default risk of

bonds that it invests in. In the event of bankruptcy or default of an issuer, the Fund may experience losses and incur costs.

• The Fund may be subject to Sovereign Debt Riskso The Fund may invest in bonds issued or guaranteed by


Liquidity Risks

•


133

133

PR

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UC

T HIG

HLIG

HTS

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EE

T



• The Fund may be subject to Distressed Securities Riskso The Fund may invest in securities issued by a company

that is in financial difficulty or in default. This involves significant risk. There is no guarantee that any exchange offer or reorganisation will be successfully completed.










Management Fee2









134

134

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






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135

135

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS EUROPEAN SPECIAL SITUATIONS FUND


Launch Date Class A: 14 October 2002Class D: 19 May 2006

Management Company








•



in, or exercising the predominant part of their economic activities in, Europe.




•


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Prepared: 31/12/19

136

136

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activities in, Europe. The Fund places particular emphasis on “special situations” companies that, in the opinion of the Investment Adviser, are companies with potential for improvement that the market has failed to appreciate. Such companies generally take the form of small, mid or large capitalisation companies that are undervalued and exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital. In some cases such companies can also benefit from changes in corporate strategy and business restructuring.


•

In normal market conditions the Fund invests at least 50% of its total assets in small and mid-capitalisation companies. Small and mid-capitalisation companies are considered companies which, at the time of purchase, form the bottom 30% by market capitalisation of European stock markets.

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•




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•




137

137

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

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•



Liquidity Risks

•


•





•










Management Fee2







138

138

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T





“Dealing Day” means any Luxembourg bus iness day on which the Fund is open for dealing from the product.



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139

139

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






BLACKROCK GLOBAL FUNDSEUROPEAN VALUE FUND



Management Company








•



in, or exercising the predominant part of their economic activity in, Europe.




•


•


•




Prepared: 31/12/19

140

140

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent intrinsic investment value.


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Liquidity Risks

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141

141

PR

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HLIG

HTS

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T




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142

142

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OD

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T HIG

HLIG

HTS

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143

143

PR

OD

UC

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HLIG

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EE

T






BLACKROCK GLOBAL FUNDSFINTECH FUND


Launch Date Class A: 4 September 2018Class D: 4 September 2018

Management Company








•


o Seek to maximise total return.o Seek to invest in equity securities of companies globally

whose predominant economic activity comprises the research, development, production and/or distribution of technologies used and applied in financial services.




•






Prepared: 31/12/19

144

144

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies globally whose predominant economic activity comprises the research, development, production and/or distribution of technologies used and applied in financial services.


•

The Fund will focus on companies that generate revenues from the application of technology in the financial services industry sector and/or which aim to compete with traditional methods in the operation and distribution of financial products and services.

•

In normal market conditions the Fund will invest in a portfolio of equity securities of companies with large, medium and small market capitalisation that are involved in activities including the following: payment systems, banking, investments, lending, insurance and software. Although it is likely that most of the Fund’s investments will be in companies located in developed markets globally, the Fund may also invest in emerging markets.

•

The Fund may invest directly up to 20% of its total assets in the PRC by investing via the Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect.

•




•


•


•


•







•




145

145

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

•

The Fund may be subject to Emerging Market Riskso The Fund may invest in one or more emerging markets


•



Liquidity Risks

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•










Management Fee2









146

146

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






•


•


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•






147

147

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






BLACKROCK GLOBAL FUNDS FIXED INCOME GLOBAL OPPORTUNITIES FUND


Launch Date Class A: 31 January 2007Class D: 18 October 2012

Management Company








•



denominated in various currencies issued by governments, agencies and companies worldwide.




•


•


•




Prepared: 31/12/19

148

148

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in fixed income transferable securities denominated in various currencies issued by governments, agencies and companies worldwide. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure is flexibly managed.


•


As part of its investment objective the Fund may invest up to 100% of its total assets in ABS and MBS. ABS and MBS are debt securities backed or collateralised by the income stream from an underlying pool of assets or mortgage loans respectively. It is anticipated that a large portion of the ABS and MBS held by the Fund will have an investment grade rating, but the Fund will be able to use the full spectrum of available ABS and MBS, including non-investment grade instruments. ABS and MBS held by the Fund may include asset-backed commercial paper, collateralised debt obligations, collateralised mortgage obligations, commercial mortgage-backed securities, credit-linked notes, real estate mortgage investment conduits, residential mortgage-backed securities and synthetic collateralised debt obligations. The issuers of the ABS and MBS may be companies, governments or municipalities and, more particularly, the Fund may hold MBS issued by government-sponsored enterprises. The underlying assets of the ABS and MBS may include loans, leases or receivables (such as credit card debt, automobile loans and student loans in the case of ABS and commercial and residential mortgages originating from a regulated and authorised financial institution in the case of MBS). Although this will not typically be the case, the ABS and MBS in which the Fund invests may use leverage to increase return to investors.•

The Fund’s exposure to contingent convertible bonds is limited to 20% of total assets. The Fund’s exposure to Distressed Securities is limited to 10% of its total assets.•

The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management. Where the Fund uses derivatives, this may generate varying amounts of market leverage and at times these levels of market leverage may be high. The use of derivatives will inevitably create leverage. A high leverage number is not necessarily an indication of high risk.



•









149

149

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T




Liquidity Risks

•



•

The Fund may be subject to ABS and MBS Riskso The obligations associated with these securities may

be subject to greater credit, liquidity and interest rate risk compared to other fixed income securities such as government issued bonds.

o ABS and MBS are often exposed to extension risk (where obligations in the underlying assets are not paid on time) and prepayment risks (where obligations on the underlying assets are paid earlier than expected). These risks may have a substantial impact on the timing and size of the cashflows paid by the securities and may negatively impact the returns of the securities.

•

The Fund may be subject to Distressed Securities Risks


FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Refer to “Fees, Charges














150

150

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

VALUATIONS AND EXITING FROM THIS INVESTMENT

HOW OFTEN ARE VALUATIONS AVAILABLE? R e f e r t o “ O b t a i n i n g Price Information” and “Redemptions” of the S ingapore Prospectus for further information on valuation and exiting from the product.




•


•


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•


CONTACT INFORMATION

HOW DO YOU CONTACT US?






151

151

PR

OD

UC

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HLIG

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EE

T






BLACKROCK GLOBAL FUNDSFUTURE OF TRANSPORT FUND



Management Company








•



whose predominant economic activity comprises the research, development, production and/or distribution of technologies used and applied to transport.




•



•




Prepared: 31/12/19

152

152

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies globally whose predominant economic activity comprises the research, development, production and/or distribution of technologies used and applied to transport.


•

The Fund will focus on companies that generate revenues from the transition to electric, autonomous and/or digitally connected vehicles.•

In normal market conditions the Fund will invest in a portfolio of equity securities of companies with large, medium and small market capitalisation that are involved in activities including the following: raw materials (e.g. metals and battery materials), components and computer systems (e.g. batteries and cabling), technology (e.g. vehicle sensor technology) and infrastructure (e.g. vehicle battery charging stations). Although it is likely that most of the Fund’s investments will be in companies located in developed markets globally, the Fund may also invest in emerging markets.•

The Fund may invest directly up to 20% of its total assets in the People’s Republic of China by investing via the Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect.•





•












153

153

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

• The Fund may be subject to Foreign Investment Restrictions Riskso Some countries prohibit or impose substantial restrictions

on investments, or the repatriation of income, capital or the proceeds from sale of securities. The Fund may incur higher costs investing in these countries. Such restrictions may delay the investment or repatriation of capital of the Fund.



Liquidity Risks

•

Trading volumes in the underlying investments of the Fund may fluctuate significantly, due to factors including market development, market sentiment or regulatory/government intervention. An inability to readily sell investments at the desired time or price may negatively impact the Fund.•




• The Fund may be subject to Smaller Capitalisation Companies Riskso The Fund may invest in small cap companies. Such








For more information about distributors’ charges, please contact the relevant distributor through which you acquire your Shares..








154

154

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




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155

155

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






BLACKROCK GLOBAL FUNDSGLOBAL ALLOCATION FUND



Management Company








•


o Seek to maximise total return.o Seek to invest in stocks, bonds and short term securities

issued by companies and governments.o Are informed investors willing to adopt capital and income

risk.



•


•


•




Prepared: 31/12/19

156

156

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally in equity, debt and short term securities, of both corporate and governmental issuers, with no prescribed limits. In normal market conditions the Fund will invest at least 70% of its total assets in the securities of corporate and governmental issuers. The Fund generally will seek to invest in securities that are, in the opinion of the Investment Adviser, undervalued. The Fund may also invest in the equity securities of small and emerging growth companies. The Fund may also invest a portion of its debt portfolio in high yield fixed income transferable securities. Currency exposure is flexibly managed.


•








•









157

157

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






Liquidity Risks











Management Fee2









158

158

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






•


•


•




•





•






159

159

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






BLACKROCK GLOBAL FUNDSGLOBAL BOND INCOME FUND



Management Company








•


o Seek an above average income without sacrificing long term capital growth.

o Seek to invest in fixed income transferable securities denominated in various currencies issued by governments, government agencies, companies and supranationals worldwide, including in emerging markets.




•


•





Prepared: 31/12/19

160

160

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the fixed income transferable securities denominated in various currencies issued by governments, government agencies, companies and supranationals worldwide, including in emerging markets. In order to generate above average income, the Fund will seek diversified income sources across a variety of such fixed income transferable securities. The full spectrum of available fixed income securities may be utilised, including investment grade, non-investment grade (which may be significant exposure) and unrated. Currency exposure is flexibly managed.


•


The Fund may invest more than 10% (but not more than 20%) of its Net Asset Value in debt securities issued by and/or guaranteed by governments in each of Brazil, Hungary, Indonesia, Russia, Republic of South Africa, and Turkey, countries which are, at the date of the Prospectus, rated non-investment grade. Such investments are based on the professional judgment of the Investment Adviser, whose reasons for investment may include a favourable/positive outlook on the relevant sovereign/foreign issuer, potential for ratings upgrade and the expected changes in the value of such investments due to ratings changes. Due to market movements, as well as credit/investment rating changes, the exposures may change over time. The aforementioned countries are for reference only and may change without prior notice to investors.•


The Fund’s exposure to distressed securities is limited to 10% of its total assets and its exposure to contingent convertible bonds is limited to 20% of total assets.•




•


•


•


•


•





161

161

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•



Liquidity Risks

•



•

The Fund may be subject to Sovereign Debt Risks

o Investments in sovereign debt may involve a degree of risk. The governmental entity that controls the repayment of sovereign debt may not be able or willing to repay the principal and/or interest when due in accordance with the terms of such debt.



Payable directly by you

Initial ChargeClass A: Up to 5%, Class D: Up to 5%

Redemption Charge Nil^













162

162

PR

OD

UC

T HIG

HLIG

HTS

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EE

T






•


•


•




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•






163

163

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS GLOBAL CORPORATE BOND FUND



Management Company









o Seek to maximise total return.o Seeks to invest in investment grade corporate fixed income

securities issued by companies worldwide.o Are informed investors willing to adopt capital and income

risk.



•






Prepared: 31/12/19

164

164

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in investment grade corporate fixed income securities issued by companies worldwide. Currency exposure is flexibly managed.


•


As part of its investment objective the Fund may invest up to 20% in ABS and MBS whether investment grade or not. These may include asset-backed commercial paper, collateralised debt obligations, collateralised mortgage obligations, commercial mortgage-backed securities, credit-linked notes, real estate mortgage investment conduits, residential mortgage-backed securities and synthetic collateralised debt obligations. The underlying assets of the ABS and MBS may include loans, leases or receivables (such as credit card debt, automobile loans and student loans in the case of ABS and commercial and residential mortgages originating from a regulated and authorised financial institution in the case of MBS). The ABS and MBS in which the Fund invests may use leverage to increase return to investors. Certain ABS may be structured by using a derivative such as a credit default swap or a basket of such derivatives to gain exposure to the performance of securities of various issuers without having to invest in the securities directly.•





•


The Management Company has delegated its investment management function of the Fund to one or more investment advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).•The relevant investment adviser(s) may sub-delegate some of its/their functions to one or more sub-advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).•








165

165

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


• The Fund may be subject to Foreign Investment Restrictions Riskso Some countries prohibit or restrict investment, or the


Liquidity Risks




















166

166

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






•










•






167

167

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS GLOBAL DYNAMIC EQUITY FUND


Launch Date Class A: 28 February 2006Class D: 20 June 2008

Management Company









o Seek to maximise total return.o Seek to invest in stocks of companies worldwide.o Are informed investors willing to adopt capital and income

risk.



•


•


•




Prepared: 31/12/19

168

168

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally, with no prescribed country or regional limits, at least 70% of its total assets in equity securities. The Fund will generally seek to invest in securities that are, in the opinion of Investment Adviser, undervalued. The Fund may also invest in the equity securities of small and emerging growth companies. Currency exposure is flexibly managed.

Refer to “Investment Object ive, Pol icy and S t r a t e g y ” a n d “ U s e o f D e r i v a t i v e s a n d Securities Lending” of the Singapore Prospectus for further information on investment strategy.•

The Fund may invest directly up to 20% of its total assets in the PRC by investing via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.•





•


















169

169

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•


•






• The Fund may be subject to the risks of Contingent Convertible Bonds
















170

170

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•





•






171

171

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS GLOBAL EQUITY INCOME FUND


Launch Date Class A: 12 November 2010Class D: 24 November 2010

Management Company








•



o Seek to invest in stocks of companies domiciled in, or exercising the predominant part of their economic activity in, developed markets worldwide.




•


•


•




Prepared: 31/12/19

172

172

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developed markets. Currency exposure is flexibly managed.


•


•




•


















173

173

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•





• The Fund may be subject to Derivatives Riskso The use of derivatives may expose the Fund to a higher




















174

174

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






•


•


•




•





•






175

175

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDSGLOBAL GOVERNMENT BOND FUND


Launch Date Class A: 14 May 1987Class D: 10 September 2010

Management Company









o Seek to maximise total return.o Seek to invest in investment grade fixed income

transferable securities issued by governments and their agencies worldwide.




•


•


•




Prepared: 31/12/19

176

176

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in investment grade fixed income transferable securities issued by governments and their agencies worldwide. Currency exposure is flexibly managed.


•







•



The relevant investment adviser(s) may sub-delegate some of its/their functions to one or more sub-advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).•The Depositary is The Bank of New York Mellon SA/NV, Luxembourg Branch.•









177

177

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

• The Fund may be subject to Interest Rate Riskso An increase in interest rates may adversely affect the value

of the bonds held by the Fund.• The Fund may be subject to Sovereign Debt Risks


Liquidity Risks




• The Fund may be subject to the risks of Contingent Convertible Bondso Investments in contingent convertible bonds involve a

number of risks, including a higher degree of uncertainty and risk of capital loss, as compared to other debt or equity securities.








Management Fee2









178

178

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






•










•





179

179

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS GLOBAL HIGH YIELD BOND FUND


Launch Date Class A: 8 June 2007Class D: 30 June 2009

Management Company









o Seek to maximise total return.o Seek to invest in high yield fixed income transferable

securities worldwide.o Are informed investors willing to adopt capital and income

risk.



•


•


•




Prepared: 31/12/19

180

180

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in high yield fixed income transferable securities. The Fund may invest in the full spectrum of available fixed income transferable securities, including non-investment grade. Currency exposure is flexibly managed.


•






•










o

The Fund may be exposed to the credit/default risk of bonds that it invests in. In the event of bankruptcy or default of an issuer, the Fund may experience losses and incur costs.o

The actual or perceived downgrading of a rated debt security or its issuer could decrease the its value and liquidity of the security, and may have an adverse impact on the Fund. However, the Fund may continue to hold it to avoid a distressed sale.


o


181

181

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T



o An increase in interest rates may adversely affect the value of the bonds held by the Fund.



Liquidity Risks

•


Product-Specific Risks• The Fund may be subject to Distressed Securities Risks




















182

182

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T







•


•


•




•










183

183

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

BLACKROCK GLOBAL FUNDS GLOBAL INFLATION LINKED BOND FUND


Launch Date Class A: 19 June 2009Class D: 1 September 2009

Management Company

BlackRock(Luxembourg) S.A.








o


o Seek to invest in investment grade inflation-linked fixed

income transferable securities worldwide.o




•


•


•




•





Prepared: 31/12/19


184

184

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in inflation-linked fixed income transferable securities that are issued globally. The Fund may invest in fixed income transferable securities which are investment grade or non-investment grade (up to a limit of 10% of total assets). Currency exposure is flexibly managed.


•

As part of its investment objective the Fund may invest up to 20% in ABS and MBS whether investment grade or not. These may include asset-backed commercial paper, collateralised debt obligations, collateralised mortgage obligations, commercial mortgage-backed securities, credit-linked notes, real estate mortgage investment conduits, residential mortgage-backed securities and synthetic collateralised debt obligations. The underlying assets of the ABS and MBS may include loans, leases or receivables (such as credit card debt, automobile loans and student loans in the case of ABS and commercial and residential mortgages originating from a regulated and authorised financial institution in the case of MBS). The ABS and MBS in which the Fund invests may use leverage to increase return to investors. Certain ABS may be structured by using a derivative such as a credit default swap or a basket of such derivatives to gain exposure to the performance of securities of various issuers without having to invest in the securities directly.

•

It is intended that the maturity of the majority of the fixed income securities held by the Fund will be less than 20 years. However, since the Fund is actively managed, it still has the flexibility to invest in fixed income securities which have a maturity profile outside of the 1 to 20 years range.

•




•


•


•The relevant investment adviser(s) may sub-delegate some of its/their functions to one or more sub-advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).

•


•



the Singapore Prospectus for further information on risks of the product




185

185

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


• The Fund may be subject to Delayed Delivery Transactions Riskso The Fund may commit to buy a mortgage-backed security

from a mortgage pool for a fixed price at a future date, where the exact security is not known but the main characteristics are specified (a “To Be Announced” security/“TBA”). TBAs may involve counterparty default risk and a risk that the agreed (fixed) price is higher than the prevailing market price at the settlement date. These may have an adverse impact on the value of the Fund.

Liquidity Risks

•





















186

186

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










187

187

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS GLOBAL LONG-HORIZON EQUITY FUND

(FORMERLY KNOWN AS GLOBAL OPPORTUNITIES FUND)


Launch Date Class A: 29 February 1996Class D: 3 September 2009

Management Company









• The Fund is only suitable for investors who: Refer to “Investment O b j e c t i v e , P o l i c y and Strategy” of the Singapore Prospectus for further information on product suitability.

o Seek to maximise total return.o Seek to invest in stocks of companies worldwide.o Are informed investors willing to adopt capital and income

risk.



•


•


•



Prepared: 31/12/19


188

188

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally, with no prescribed country, regional or capitalisation limits, at least 70% of its total assets in equity securities. The Fund may invest in equity securities that, in the opinion of the Investment Adviser, have a sustained competitive advantage and will typically be held over a long-term horizon. Currency exposure is flexibly managed.


•





•














• The Fund may be subject to Portfolio Concentration Riskso The Fund’s investment strategy may involve investing

in a limited number of securities and/or with sectoral or geographical concentration. The value of the Fund may therefore fluctuate more, or be more susceptible to factors affecting the relevant sector or region, than a more diversified portfolio.



189

189

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•


•














Management Fee2







190

190

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•





•






191

191

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

This Product Highlights Sheet is an important document.•





BLACKROCK GLOBAL FUNDS GLOBAL MULTI-ASSET INCOME FUND


Launch Date Class A: 28 June 2012Class D: 8 August 2012

Management Company









o Seeks an above average income without sacrificing long term capital growth.

o Seeks to invest globally in the full spectrum of permitted investments including equities, equity-related securities, fixed income transferable securities, units of undertakings for collective investment, cash, deposits and money market instruments.




•


•


•



Prepared: 31/12/19


192

192

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally in the full spectrum of permitted investments including equities, equity-related securities, fixed income transferable securities (which may include some high yield fixed income transferable securities), units of undertakings for collective investment, cash, deposits and money market instruments. Currency exposure is flexibly managed.









•


•


•


•







o


o


193

193

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T



Liquidity Risks

•



o

The Fund may invest in non-investment grade bonds. This may subject the Fund to higher credit/default risks, volatility and liquidity risks than investment grade bonds.


















194

194

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






•


•


•




•





•






195

195

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS INDIA FUND


Launch Date Class A: 28 April 2006Class D: 30 December 2011

Management Company








• The Fund is only suitable for investors who: Refer to “Investment O b j e c t i v e , P o l i c y and Strategy” of the Singapore Prospectus for further information on product suitability.


exercising the predominant part of their economic activity in, India.




•


•


•



Prepared: 31/12/19


196

196

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, India. (The Fund may invest through BlackRock India Equities (Mauritius) Limited).


•




•













o The Fund may invest in one or more emerging markets (including India) and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.

o India has recently enacted changes to the Indian tax regime which may negatively impact the Fund.





197

197

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•


•























198

198

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










199

199

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS JAPAN FLEXIBLE EQUITY FUND


Launch Date Class A: 28 February 2005Class D: 12 November 2007

Management Company









o


o Seek to invest in equity securities of companies domiciled

in, or exercising the predominant part of their economic activity in, Japan.

o




•


•


•



Prepared: 31/12/19


200

200

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Japan. The Fund normally invests in securities that, in the opinion of the Investment Adviser, exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants.





•


•


•


•


•










Liquidity Risks

•


201

201

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T
















Management Fee2







202

202

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










203

203

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS JAPAN SMALL & MIDCAP OPPORTUNITIES FUND


Launch Date Class A: 13 May 1987Class D: 22 March 2010

Management Company










o Seek to maximise total return.o Seek to invest in equity securities of small and mid

capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, Japan.




•


•


•



Prepared: 31/12/19


204

204

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, Japan. Small and mid capitalisation companies are considered companies which, at the time of purchase, form the bottom 30% by market capitalisation of Japanese stock markets.





•


•


•


•


•










Liquidity Risks

•


•


205

205

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T
















Management Fee2







206

206

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










207

207

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS LATIN AMERICAN FUND


Launch Date Class A: 9 January 1997Class D: 19 May 2006

Management Company











exercising the predominant part of their economic activity in, Latin America.




•


•


•



Prepared: 31/12/19


208

208

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Latin America.


•




•


•


•


•


•









o The Fund may invest in one or more emerging markets (including Latin America) and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.





209

209

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•


•



o

The use of derivatives may expose the Fund to a higher degree of risk. Derivative contracts can be highly volatile and a relatively small market movement may have a potentially larger impact on derivatives than on standard bonds or equities. Leveraged derivative positions can hence increase the Fund’s volatility. The Fund may sustain loss as a result of the failure of a derivatives counterparty to comply with the terms of the derivatives contract.


o

The Fund may engage in securities lending. As such, the Fund will have a credit risk exposure to the counterparties to any securities lending contract. The Fund’s investments can be lent to counterparties over a period of time. A default by the counterparty combined with a fall in the value of the collateral below that of the value of the securities lent may result in a reduction in the value of the Fund.


o

The Fund may invest in small cap companies. Such investments may have higher than average volatility and liquidity risks
















210

210

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










211

211

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS NATURAL RESOURCES GROWTH & INCOME FUND


Launch Date Class A: 15 April 2011

Management Company

BlackRock Luxembourg) S.A.





Class A: 1.82%




o Seek to achieve capital growth and an above average income from investments in stocks.

o Seek to invest in stocks of companies whose predominant economic activity is in the natural resources sector worldwide.




•


•


•



Prepared: 31/12/19


212

212

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in the natural resources sector, such as, but not limited to, companies engaged in mining, energy and agriculture.


•


The Fund’s exposure to contingent convertible bonds is limited to 5% of total assets.•




•









Market and Credit Risks• The Fund may be subject to Emerging Market Risks




• The Fund may be subject to Limited Market Sectors Risks

o The Fund’s investments are concentrated in the natural resources sector, which may include investments in commodities-linked exchange traded funds. This may subject the Fund to greater volatility and more rapid cyclical changes than more broad-based investments.



213

213

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•




• The Fund may be subject to Derivatives Risks



o The Fund may invest in small cap companies. Such investments may have higher than average volatility and liquidity risks

• The Fund may be subject to the risks of Commodities accessed via ETFs

o An ETF tracking a commodities index can be highly concentrated on selected commodity futures, which may subject the Fund to higher volatility.



Payable directly by youInitial Charge Class A: Up to 5%Redemption Charge Nil^Conversion Charge Nil^






Class A: 1.50% p.a.(a) 40% to 100% of Management Fee(b) 0% to 60% of Management Fee




214

214

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






The net asset value of the Class A Shares for the previous dealing day may be obtained from the Singapore Representative or an appointed Singapore distributor and will also be published on www.blackrock.com.sg.


•


•


•




•










215

215

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS NEXT GENERATION TECHNOLOGY FUND



Management Company











whose predominant economic activity comprises the research, development, production and/or distribution of new and emerging technology.




•



•




Prepared: 31/12/19

216

216

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies globally whose predominant economic activity comprises the research, development, production and/or distribution of new and emerging technology.


•

The Fund will focus on next generation technology themes including artificial intelligence, computing, automation, robotics, technological analytics, e-commerce, payment systems, communications technology and generative design.

•

In normal market conditions the Fund will invest in a portfolio of equity securities of companies with large, medium and small market capitalisation. Although it is likely that most of the Fund’s investments will be in companies located in developed markets globally, the Fund may also invest in emerging markets.

•

The Fund may invest directly up to 20% of its total assets in the PRC by investing via the Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect.

•




•


•


•


•


•










217

217

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

• The Fund may be subject to Foreign Investment Restrictions Riskso Some countries prohibit or impose substantial restrictions

on investments, or the repatriation of income, capital or the proceeds from sale of securities. The Fund may incur higher costs investing in these countries. Such restrictions may delay the investment or repatriation of capital of the Fund.



Liquidity Risks

•





o

The Fund may invest in small cap companies. Such investments may have higher than average volatility and liquidity risks.
















218

218

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










219

219

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS NUTRITION FUND

(FORMERLY KNOWN AS WORLD AGRICULTURE FUND)


Launch Date Class A: 9 February 2010Class D: 24 May 2011

Management Company









o Seek to maximise total return.o Seek to invest in stocks of companies engaged in

agriculture worldwide.o Are informed investors willing to adopt capital and income

risk.



•


•




Prepared: 31/12/19


220

220

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of companies engaged in any activity forming part of the food and agriculture value chain, including packaging, processing, distribution, technology, food– and agriculture-related services, seeds, agricultural or food-grade chemicals and food producers.


•


•


•




•


•


•


•


•












221

221

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T



Liquidity Risks

•







• The Fund may be subject to the risks of Commodities accessed via ETFso An ETF tracking a commodities index can be highly

concentrated on selected commodity futures, which may subject the Fund to higher volatility.
















222

222

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•







BlackRock (Singapore) LimitedTwenty Anson, #18-01, 20 Anson Road, Singapore 079912Telephone: +65 6411-3000Email: [email protected]: www.blackrock.com/sg



223

223

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDSPACIFIC EQUITY FUND


Launch Date Class A: 5 August 1994Class D: 19 May 2006

Management Company











in, or exercising the predominant part of their economic activity in the Asia Pacific region.




•


•


•



Prepared: 31/12/19


224

224

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in equity securities of companies domiciled in, or exercising the predominant part of their economic activity in the Asia Pacific region. Currency exposure is flexibly managed.


•

The Fund may invest directly up to 20% in aggregate of its total assets in the PRC by investing via the Renminbi Qualified Foreign Institutional Investor Quota and/or via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.

•




•


•


•


•


•












225

225

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T



Liquidity Risks

•
















Management Fee2







226

226

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










227

227

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDSSUSTAINABLE ENERGY FUND

(FORMERLY KNOWN AS NEW ENERGY FUND)


Launch Date Class A: 6 April 2001Class D: 19 May 2006

Management Company










o Seek to maximise total return.o Seek to invest in stocks of companies engaged in

alternative energy and energy technologies.o Are informed investors willing to adopt capital and income

risk.



•


•


•



Prepared: 31/12/19


228

228

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of sustainable energy companies. Sustainable energy companies are those which are engaged in alternative energy and energy technologies including: renewable energy technology; renewable energy developers; alternative fuels; energy efficiency; enabling energy and infrastructure. The Fund will not invest in companies that are classified in the following sectors (as defined by Global Industry Classification Standard): coal and consumables; oil and gas exploration and production; and integrated oil and gas.


•






•
















229

229

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o The Fund’s investments are concentrated in the alternative and energy technologies sectors. This may subject the Fund to greater volatility and more rapid cyclical changes than more broad-based investments.



Liquidity Risks

•














Management Fee2







230

230

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






The net asset value of the Class A and Class D Shares for the previous dealing day may be obtained from the Singapore Representative or an appointed Singapore distributor and will also be published on www.blackrock.com/sg.


•


•


•


Representative or appointed Singapore distributors and on-sent to the Investor Servicing Team by 6:00pm Singapore time)4 on any Dealing Day which is a business day in Singapore, will be accepted for that day’s dealing.


•







BlackRock (Singapore) LimitedTwenty Anson, #18-01, 20 Anson Road, Singapore 079912Telephone: +65 6411-3000Email: [email protected]: www.blackrock.com/sg



231

231

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS SWISS SMALL & MIDCAP OPPORTUNITIES FUND


Launch Date Class A: 1 August 2008Class D: 1 August 2008

Management Company










•


•

Seek to invest in equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, Switzerland.

•Are informed investors willing to adopt capital and income risk.



•


•


•




Prepared: 31/12/19

232

232

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, Switzerland. Small and mid capitalisation companies are considered companies which, at the time of purchase, are not members of the Swiss Market Index.


•


•




•


•


•


•


•








• The Fund may be subject to Equity Riskso The values of equities fluctuate daily and can be influenced

by many factors including issuer-specific factors and broader economic and political developments.

Liquidity Risks

•


•


233

233

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T























234

234

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T







•


•


•




•





•






235

235

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS SYSTEMATIC CHINA A-SHARE OPPORTUNITIES FUND

(FORMERLY KNOWN AS CHINA A-SHARE OPPORTUNITIES FUND)


Launch Date Class A: 26 October 2017 Class D: 26 October 2017

Management Company










in, or exercising the predominant part of their activity in the People’s Republic of China.




•






Prepared: 31/12/19

236

236

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in a portfolio of equity securities of companies domiciled in, or exercising the predominant part of their activity in the PRC. The Fund may invest in the PRC by investing via the Renminbi Qualified Foreign Institutional Investor Quota and/or via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect. For the purpose of the investment objective, the PRC excludes Hong Kong, Macau and Taiwan; accordingly the Fund will invest only in onshore Chinese equity markets (A-Shares).


•

The Fund will invest in a variety of investment strategies and instruments. In particular, it will use quantitative (i.e. mathematical or statistical) models in order to achieve a systematic (i.e. rule based) approach to stock selection. This means that stocks will be selected based on their expected contribution to portfolio returns when risk and transaction cost forecasts are taken into account.•




•












(including certain member countries of the ASEAN economic organisation) and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.



237

237

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T



Liquidity Risks

•


•





o









Management Fee2




Administration Fee2 Currently up to 0.25% p.a.Depositary Fees Custody safekeeping fees:

From 0.0024% to 0.45% p.a. Transaction fees: From US$5.50 to US$124 per transaction



238

238

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T







•


•


•




•





•






239

239

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS SYSTEMATIC GLOBAL EQUITY HIGH INCOME FUND

(FORMERLY KNOWN AS GLOBAL ENHANCED EQUITY YIELD FUND)Product Type Investment

CompanyLaunch Date Class A: 13 October 2006

Class D: 20 June 2008Management Company








•


o Seek to generate a high level of income.o Seek to invest in stocks of companies worldwide.o Are informed investors willing to adopt capital and income

risk.



•


•


•




Prepared: 31/12/19

240

240

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally, with no prescribed country or regional limits, at least 70% of its total assets in equity securities.


•

In order to achieve its investment objective and policy, the Fund will invest in a variety of investment strategies and instruments. In particular, the Fund will use quantitative (i.e. mathematical or statistical) models in order to achieve a systematic (i.e. rule based) approach to stock selection. This means that stocks will be selected based on their expected contribution to portfolio returns when risk and transaction cost forecasts are taken into account.•





•



















241

241

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Riskso Trading volumes in the underlying investments of the Fund

may fluctuate significantly, due to factors including market development, market sentiment or regulatory/government intervention. An inability to readily sell investments at the desired time or price may negatively impact the Fund.

o Redemptions may be suspended in certain circumstances detailed in the Prospectus.





















242

242

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






•


•


•




•





•






243

243

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS SYSTEMATIC GLOBAL SMALLCAP FUND

(FORMERLY KNOWN AS GLOBAL SMALLCAP FUND)


Launch Date Class A: 4 November 1994Class D: 28 July 2008

Management Company









o Seek to maximise total return.o Seek to invest in equity securities of smaller capitalisation

companies worldwide.o Are informed investors willing to adopt capital and income

risk.



•


•


•



Prepared: 31/12/19


244

244

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of smaller capitalisation companies. Smaller capitalisation companies are considered companies which, at the time of purchase, from the bottom 20% by market capitalisation of global stock markets. Although it is likely that most of the Fund’s investments will be in companies located in developed markets globally, the Fund may also invest in the emerging markets of the world. Currency exposure is flexibly managed.


•

In order to achieve its investment objective and policy, the Fund will invest in a variety of investment strategies and instruments. In particular, the Fund will use quantitative (i.e. mathematical or statistical) models in order to achieve a systematic (i.e. rule based) approach to stock selection. This means that stocks will be selected based on their expected contribution to portfolio returns when risk and transaction cost forecasts are taken into account.•





•















245

245

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•


•














Management Fee2







246

246

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










247

247

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS UNITED KINGDOM FUND


Launch Date Class A: 31 December 1985Class D: 12 November 2007

Management Company










o Seek to maximise total return.

o Seek to invest in equity securities of companies

incorporated or listed in the UK.o




•


•


•




Prepared: 31/12/19

248

248

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in equity securities of companies incorporated or listed in the UK.


•


•




•


•


•


•


•






o Foreign currency exchange rate movements are likely to


o



o

The values of equities fluctuate daily and can be influenced by many factors including issuer-specific factors and broader economic and political developments.

Liquidity Risks

•


249

249

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o



o



o


















250

250

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T







•


•


•




•


1,000 Shares X USD1. = USD1,500Redemption request



•






251

251

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS US BASIC VALUE FUND



Management Company









o


o Seek to invest in stocks of companies domiciled in, or

exercising the predominant part of their economic activity in, the US which are undervalued.

o




•


•


•




Prepared: 31/12/19

252

252

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent basic investment value.


•




•


•


•


•


•








o



o


Liquidity Risks

•


253

253

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o



o



















254

254

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






•


•


•




•





•






255

255

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS US DOLLAR BOND FUND


Launch Date Class A: 7 April 1989Class D: 14 October 2010

Management Company









o


o Seek to invest in investment grade fixed income

transferable securities.o




•


•


•




Prepared: 31/12/19

256

256

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 80% of its total assets in investment grade fixed income transferable securities. At least 70% of the Fund’s total assets are invested in fixed income transferable securities denominated in US dollars. Currency exposure is flexibly managed.


•


•

As part of its investment objective the Fund may invest up to 100% of its total assets in ABS and MBS, ABS and MBS are debt securities backed or collateralised by the income stream from an underlying pool of assets or mortgage loans respectively. It is anticipated that a large portion of the ABS and MBS held by the Fund will have an investment grade rating but the Fund will be able to utilise the full spectrum of available ABS and MBS, including non-investment grade or not instruments. ABS and MBS held by the Fund may include asset-backed commercial paper, collateralised debt obligations, collateralised mortgage obligations, commercial mortgage-backed securities, credit-linked notes, real estate mortgage investment conduits, residential mortgage-backed securities and synthetic collateralised debt obligations. The issuers of the ABS and MBS may be companies, governments or municipalities and, more particularly, the Fund may hold MBS issued by government-sponsored enterprises. The underlying assets of the ABS and MBS may include loans, leases or receivables (such as credit card debt, automobile loans and student loans in the case of ABS and commercial and residential mortgages originating from a regulated and authorised financial institution in the case of MBS). Although this will not typically be the case, the ABS and MBS in which the Fund invests may use leverage to increase return to investors.

•

The Fund’s exposure to Distressed Securities is limited to 10% of its total assets and its exposure to contingent convertible bonds is limited to 10% of its total assets.

•

The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management. Where the Fund uses derivatives, this may generate varying amounts of market leverage and at times these levels of market leverage may be high. The use of derivatives will inevitably create leverage. A high leverage number is not necessarily an indication of high risk.



•


•


•


•


•


257

257

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T





o


Liquidity Risks

•



o

















258

258

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










259

259

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS US DOLLAR HIGH YIELD BOND FUND


Launch Date Class A: 29 October 1993Class D: 10 November 2010

Management Company









o


o Seek to invest in high yield fixed income transferable

securities denominated in US dollars.o




•


•


•




Prepared: 31/12/19

260

260

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in high yield fixed income transferable securities denominated in US dollars. The Fund may invest in the full spectrum of available fixed income transferable securities, including non-investment grade. Currency exposure is flexibly managed.


•






•




The Depositary is The Bank of New York Mellon SA/NV, Luxembourg Branch.•The Singapore Representative is BlackRock (Singapore) Limited.





o


o


261

261

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o

An increase in interest rates may adversely affect the value of the bonds held by the Fund.


o

The Fund may invest in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default, or other risks.

Liquidity Risks

•



o



o

















262

262

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










263

263

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDSUS DOLLAR RESERVE FUND


Launch Date Class A: 30 November 1993Class D: 25 October 2012

Management Company





Class A: 0.55%Class D: 0.37%(GBP hedged)




o Seek to obtain returns in line with money market rates

consistent with preservation of capital and liquidity.o

Seek to invest in investment grade fixed income transferable securities denominated in US dollars and US dollar cash.

o




•



•




Prepared: 31/12/19

264

264

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests its assets exclusively in US dollar denominated short-term assets and cash in accordance with the requirements of the MMF Regulations. The Fund is a short-term money market fund.


•

The Fund may invest up to 15% of its total assets in securitisations and asset backed commercial paper that are sufficiently liquid and have received a favourable assessment pursuant to the Internal Credit Quality Assessment Procedure.

•

The Fund may invest in eligible repurchase agreements and reverse repurchase agreements for both liquidity management purposes and for permitted investment purposes.

•

The Fund may only use derivatives for the purpose of hedging the interest rate or exchange rate risks inherent in its investments. The underlying of the derivative instruments must consist of interest rates, foreign exchange rates, currencies or indices representing one of those categories.

•

The Fund does not rely on external support for guaranteeing the liquidity of the Fund or stabilising the NAV per share.



•


•


•


•


•






o


o



o


265

265

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

o



o



o


Liquidity Risks

•



o


• The Fund may be subject to the risks of Bank Corporate Bonds

o

Investing in corporate bonds issued by EU banks subjects the Fund to the risk of government bail-in action in the event the bank is unable to meet its financial obligations. A bail-in is likely to result in a reduction in value of some or all of the bank’s bonds.



Payable directly by youInitial Charge 0.00%Redemption Charge Nil^











266

266

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










267

267

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS US DOLLAR SHORT DURATION BOND FUND


Launch Date Class A: 31 October 2002Class D: 25 October 2012

Management Company









o







•


•


•




Prepared: 31/12/19

268

268

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 80% of its total assets in investment grade fixed income transferable securities. At least 70% of the Fund’s total assets are invested in fixed income transferable securities denominated in US dollars with a duration of less than five years. The average duration is not more than three years. Currency exposure is flexibly managed.


•


•

As part of its investment objective the Fund may invest up to 100% of its total assets in ABS and MBS whether investment grade or not. The ABS and MBS will generally be issued in the US, the securitised assets will be rated investment grade by at least one of the leading credit rating agencies and agency ABS and MBS will carry the same credit rating as the US Government. These may include asset-backed commercial paper, collateralised debt obligations, collateralised mortgage obligations, commercial mortgage-backed securities, credit-linked notes, real estate mortgage investment conduits, residential mortgage-backed securities and synthetic collateralised debt obligations. The underlying assets of the ABS and MBS may include loans, leases or receivables (such as credit card debt, automobile loans and student loans in the case of ABS and commercial and residential mortgages originating from a regulated and authorised financial institution in the case of MBS). The ABS and MBS in which the Fund invests may use leverage to increase return to investors. Certain ABS may be structured by using a derivative such as a credit default swap or a basket of such derivatives to gain exposure to the performance of securities of various issuers without having to invest in the securities directly.

•


•




•


•


•


•


•





269

269

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o


o



o


Liquidity Risks

•



o

















270

270

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










271

271

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS US FLEXIBLE EQUITY FUND



Management Company









o


o Seek to invest in stocks of companies domiciled in, or

exercising the predominant part of their economic activity in, the US which exhibit growth or value investment characteristics.

o




•






Prepared: 31/12/19

272

272

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund normally invests in securities that, in the opinion of the Investment Adviser, exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants.





•


•


•


•


•








o



o


Liquidity Risks

•


273

273

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o



o











Management Fee2









274

274

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






•


•


•




•





•






275

275

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDSUS GOVERNMENT MORTGAGE FUND


Launch Date Class A: 2 August 1985Class D: 26 February 2010

Management Company









o

Seek a high level of income.

o Seek to invest in fixed income transferable securities

issued or guaranteed by the United States Government, its agencies or instrumentalities, including Government National Mortgage Association (“GNMA”) mortgage-backed certificates and other US Government securities representing ownership interests in mortgage pools, such as mortgage-backed securities issued by Fannie Mae and Freddie Mac.

o




•


•


•



Prepared: 31/12/19

276

276

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


Investment Strategy

•

The Fund invests at least 80% of its total assets in fixed income transferable securities issued or guaranteed by the United States Government, its agencies or instrumentalities, including Government National Mortgage Association (“GNMA”) mortgage-backed certificates and other US Government securities representing ownership interests in mortgage pools, such as mortgage-backed securities issued by Fannie Mae and Freddie Mac. All securities in which the Fund invests are US dollar-denominated securities.


•

As part of its investment objective the Fund may invest up to 100% of its total assets in asset-backed securities (“ABS”) and mortgage-backed securities (“MBS”) whether investment grade or not. The ABS and MBS will generally be issued in the US, the securitised assets will be rated investment grade by at least one of the leading credit rating agencies and agency ABS and MBS will carry the same credit rating as the US Government. These may include asset-backed commercial paper, collateralised debt obligations, collateralised mortgage obligations, commercial mortgage-backed securities, credit–linked notes, real estate mortgage investment conduits, residential mortgage-backed securities and synthetic collateralised debt obligations. The underlying assets of the ABS and MBS may include loans, leases or receivables (such as credit card debt, automobile loans and student loans in the case of ABS and commercial and residential mortgages originating from a regulated and authorised financial institution in the case of MBS). The ABS and MBS in which the Fund invests may use leverage to increase return to investors. Certain ABS may be structured by using a derivative such as a credit default swap or a basket of such derivatives to gain exposure to the performance of securities of various issuers without having to invest in the securities directly.

•




•The Management Company is BlackRock (Luxembourg) S.A.

•


•


•


•





277

277

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o


o

The actual or perceived downgrading of a rated debt security or its issuer could decrease the its value and liquidity of the security, and may have an adverse impact on the Fund. However, the Fund may continue to hold it to avoid a distressed sale.


o


Liquidity Risks

•



o

















278

278

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










279

279

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS US GROWTH FUND


Launch Date Class A: 30 April 1999Class D: 31 January 2008

Management Company









o


o Seek to invest in equity securities of companies domiciled

in, or exercising the predominant part of their economic activity in, the US.

o




•


•


•




Prepared: 31/12/19

280

280

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund places particular emphasis on companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital.





•


•


•


•


•






o


o For Hedged Share Classes, while the Fund attempts to

hedge currency risks, there can be no guarantee that it will be successful in doing so.


o


Liquidity Risks

•



o


281

281

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o



















282

282

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T






•


•


•




•





•






283

283

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS US SMALL & MIDCAP OPPORTUNITIES FUND


Launch Date Class A: 13 May 1987Class D: 31 January 2008

Management Company









o


o Seek to invest in equity securities of small and mid

capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, the US.

o




•


•


•




Prepared: 31/12/19

284

284

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in the equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, the US. Small and mid capitalisation companies are considered companies which, at the time of purchase, form the bottom 30% by market capitalisation of US stock markets.


•




•


•


•


•


•






o


o



o


Liquidity Risks

•


•


285

285

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o



o



o

















286

286

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•





•






287

287

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS WORLD BOND FUND


Launch Date Class A: 4 September 1985Class D: 8 June 2007

Management Company
















•


•


•




Prepared: 31/12/19

288

288

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests at least 70% of its total assets in investment grade fixed income transferable securities. Currency exposure is flexibly managed.


•


•


•

The Fund’s exposure to contingent convertible bonds is limited to 20% of total assets. The Fund’s exposure to Distressed Securities is limited to 10% of its total assets.

•




•


•


•The relevant investment adviser(s) may sub-delegate some of its/their functions to one or more sub-advisers within the BlackRock Group (as listed in paragraph 3.2 of the Singapore Prospectus).

•


•






o


289

289

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

o



o

The Fund may invest in one or more emerging markets and may be subject to a higher than average volatility than investing in more developed markets due to greater political, tax, economic, social, foreign exchange, custodial, liquidity, regulatory or other risks.

Liquidity Risks

•



o



o

















290

290

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










291

291

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS WORLD ENERGY FUND


Launch Date Class A: 6 April 2001Class D: 19 May 2006

Management Company











o Seek to invest in stocks of companies engaged in

exploration, development, production and distribution of energy.

o




•


•


•




Prepared: 31/12/19

292

292

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in the exploration, development, production and distribution of energy.


•






•










o

Foreign currency exchange rate movements are likely to influence the returns to investors in Singapore, hence investors may be exposed to exchange rate risks.o



o



o

Some countries prohibit or restrict investment, or the repatriation of income, capital or the proceeds from sale of securities. The Fund may incur higher costs investing in these countries. Such restrictions may delay the investment or repatriation of capital of the Fund.


o

The Fund’s investments are concentrated in the energy sector, which may include investments in commodities-linked exchange traded funds. This may subject the Fund to greater volatility and more rapid cyclical changes than more broad-based investments.

293

293

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o


Liquidity Risks

•



o



o


• The Fund may be subject to the risks of Commodities accessed via ETF

o

An ETF tracking a commodities index can be highly concentrated on selected commodity futures, which may subject the Fund to higher volatility.
















294

294

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










295

295

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS WORLD FINANCIALS FUND


Launch Date Class A: 3 March 2000Class D: 12 November 2007

Management Company









o


o Seek to invest in stocks of companies whose predominant

economic activity is financial services.o




•


•


•




Prepared: 31/12/19

296

296

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is financial services.


•


•




•


•


•


•


•








o



o



o

The Fund’s investments are concentrated in the financial services sector. This may subject the Fund to greater volatility and more rapid cyclical changes than more broad-based investments.


o


297

297

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•



o



o



o

















298

298

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










299

299

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS WORLD GOLD FUND


Launch Date Class A: 30 December 1994Class D: 19 May 2006

Management Company









o


o Seek to invest in stocks of companies engaged whose

predominant economic activity is gold-mining.o




•


•


•




Prepared: 31/12/19

300

300

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is gold-mining. It may also invest in the equity securities of companies whose predominant economic activity is other precious metal or mineral and base metal or mineral mining. The Fund does not hold physical gold or metal.


•






•










o




o



o



o

The Fund’s investments are concentrated in the gold and precious metals sector, which may include investments in commodities-linked exchange traded funds. This may subject the Fund to greater volatility and more rapid cyclical changes than more broad-based investments.

301

301

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o


Liquidity Risks

•



o



o



o

















302

302

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










303

303

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS WORLD HEALTHSCIENCE FUND


Launch Date Class A: 6 April 2001Class D: 12 November 2007

Management Company









o



economic activity is in healthcare, pharmaceuticals, medical technology and supplies and the development of biotechnology.

o




•


•


•




Prepared: 31/12/19

304

304

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in healthcare, pharmaceuticals, medical technology and supplies and the development of biotechnology. Currency exposure is flexibly managed.

Refe r to “ I nve st m e nt Object ive , Po l i cy and Strategy” and “Use of Derivatives and Securities Lending” of the Singapore Prospectus for further information on investment strategy.

•





•










o




o



o



o

The Fund’s investments are concentrated in the healthcare, pharmaceuticals and other healthscience sectors. This may subject the Fund to greater volatility and more rapid cyclical changes than more broad-based investments.


o


305

305

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•



o



o



o

















306

306

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










307

307

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS WORLD MINING FUND


Launch Date Class A: 24 March 1997Class D: 19 May 2006

Management Company









o


o Seek to invest in stocks of mining and metals companies

whose predominant economic activity is the production of base metals and industrial minerals.

o




•


•


•




Prepared: 31/12/19

308

308

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of mining and metals companies whose predominant economic activity is the production of base metals and industrial minerals such as iron ore and coal. The Fund may also hold the equity securities of companies whose predominant economic activity is in gold or other precious metal or mineral mining. The Fund does not hold physical gold or metal.







•











influence the returns to investors in Singapore, hence investors may be exposed to exchange rate risks.o



o



o



o

The Fund’s investments are concentrated in the mining sector, which may include investments in commodities-linked exchange traded funds. This may subject the Fund to greater volatility and more rapid cyclical changes than more broad-based investments.

309

309

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


o


Liquidity Risks

•



o



o



o

















310

310

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•









311

311

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS WORLD REAL ESTATE SECURITIES FUND


Launch Date Class A: 25 February 2013Class D: 4 March 2015

Management Company










o Seek to invest in equity securities of companies whose

predominant economic activity is in the real estate sector.o




•


•


•




Prepared: 31/12/19

312

312

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in the real estate sector. This may include residential and/or commercial real estate focused companies as well as real estate operating companies and real estate holding companies (for example, real estate investment trusts).


•


•




•


•


•


•


•






o


o



o

The Fund’s investments are concentrated in the real estate sector. This may subject the Fund to greater volatility and more rapid cyclical changes than more broad-based investments.


o


313

313

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•



o



o



o

















314

314

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










315

315

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T


•





BLACKROCK GLOBAL FUNDS WORLD TECHNOLOGY FUND


Launch Date Class A: 3 March 1995Class D: 30 December 2011

Management Company









o



economic activity is in the technology sector.o




•


•


•




Prepared: 31/12/19

316

316

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Investment Strategy

•

The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in the technology sector.


•





•










o



• The Fund may be subject to Emerging Market Riskso



o



o

The Fund’s investments are concentrated in the technology sector. This may subject the Fund to greater volatility and more rapid cyclical changes than more broad-based investments.


o


317

317

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T

Liquidity Risks

•



o



o



o

















318

318

PR

OD

UC

T HIG

HLIG

HTS

SH

EE

T








•


•


•




•










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Documents

Product Highlights Sheets - BlackRock · 2019-12-31 · 3 3 PRODUCT HIGHLIGHTS SHEET This Product Highlights Sheet is an important document. • It highlights the key terms and risks