BlackRock ESG Euro Bond Fund

Sustainable, Responsible &/or ESG Policy:

Objectives and Investment Policy

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets and in accordance with the Fund’s  ESG Policy as disclosed in the Prospectus.
The Fund invests at least 80% of its total assets in fixed income (FI) securities and FI related securities (in each case which are investment grade (i.e. meet a specified level of credit worthiness) at the time of purchase). When determined appropriate, the Fund will also invest in deposits and cash. FI securities include bonds and money market instruments (MMIs) (i.e. debt securities with short term maturities). FI-related securities include financial derivative instruments ("FDIs") (i.e. investments the prices of which are based on one or more underlying assets).The FI securities that the Fund will have exposure to will be issued by companies, supranationals, governments and government agencies inside or outside of the Eurozone.
The Fund will take into account Environment, Social and Governance ("ESG") criteria when selecting investments as disclosed in the prospectus and the Fund will apply the EU Paris-Aligned Benchmark Exclusions as further described in the prospectus. For further details please refer to the ESG policy section of the prospectus and the BlackRock website at https://www.blackrock.com/baselinescreens. The Fund adopts a “best in class” approach to sustainable investing meaning that the Fund selects the best issuers (from an ESG perspective) for each relevant sector of activities (without excluding any sector of activities).
The Fund will not invest in FI securities that are issued by corporate entities which do not meet ESG criteria as disclosed in the Fund’s ESG Policy and Benchmark section in the Prospectus. , More than 90% of the issuers of securities in which the Fund invests shall be ESG rated or have been analysed for ESG purposes. In applying its ESG Policy, the Fund reduces its allocation to sovereign securities compared to the FTSE World Government Bond Index and the JP Morgan EMBI Global Diversified Index by at least 20%. The IA may use FDIs to help achieve the Fund’s investment objective.
The Fund is actively managed and the IA has discretion to select the Fund’s investments. In doing so, the IA will refer to the Bloomberg MSCI Euro Aggregate Sustainable SRI Index (the “Index”) when constructing the Fund’s portfolio and also for risk management purposes as further described in the prospectus. The 
Bloomberg Euro Aggregate Bond Index (80%) and Bloomberg Global Aggregate Index (20%)( the “ESG Reporting Index”) should be used by shareholders to assess the impact of ESG screening on the Fund’s investment universe. The Index should be used by investors to compare the performance of the Fund.

(Source: KIID, as at December 2025)

SDR Labelling:

Not eligible to use label (out of scope)