IMPORTANT:
• The Fund invests in other Collective Investment Schemes (“underlying CIS”) which may include those not regulated by the Securities and Futures Commission of Hong Kong (“SFC”). The underlying CIS may not achieve their investment objectives and strategies which may have negative impacts to the Fund’s net asset value (“NAV”). The Fund may incur additional costs when investing into underlying CIS.  Such underlying CIS may have insufficient liquidity to meet the Fund’s redemption requests. There may be potential conflicts of interest where the Fund invests in underlying CIS managed by one or more affiliates of the BlackRock Group.
• The Fund’s NAV may be adversely impacted by investing in index funds (including exchange traded funds (“ETFs”)), which are not actively managed and are subject to tracking error risk of the relevant underlying index’s returns. ETFs’ units may trade at a substantial premium or discount to the ETFs’ NAV due to market factors such as demand and supply, which may in turn adversely affect the Fund’s NAV.
• There is no assurance that the Fund will in all cases be within the target level of portfolio risk. When market risk levels change substantially over short periods, maintaining the target level of portfolio risk may have negative impact on the Fund’s NAV due to increased operating expenses.
• The Fund is subject to equity risk due to higher fluctuation of equity values, and volatility and liquidity risks in securities markets.
• The Fund is subject to concentration risk in certain countries, regions or sectors, currency risks, securities lending counterparty risks, and currency conversion risk including Renminbi denominated Classes.
• Class 6 Shares and Class 10 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion. Paying dividends gross of expenses may result in more income being available for distribution; however these shares may effectively pay dividends from capital – may amount to a partial return or withdrawal of an investor’s original investment or capital gains. All declared dividends result in an immediate reduction in the NAV price of the share class on the ex-dividend date.
• The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The Fund may suffer losses from its derivatives usage.
• The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
• Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.