IMPORTANT:
• BlackRock Premier Funds - Dynamic High Income Fund (the “Fund”) is a feeder fund that invests in the sub-fund of BlackRock Global Funds – Dynamic High Income Fund (the “Underlying Scheme”). Risks associated to the Underlying Scheme may have negative impact to the Fund’s value. The Fund’s performance may deviate from the Underlying Scheme’s performance due to fees, expenses and holdings in investments other than the Underlying Scheme. Additional fees charged by the service providers of the Underlying Scheme may be involved. There can be no assurance that the Underlying Scheme will have sufficient liquidity to meet redemption requests; and the investment objectives and strategies will be achieved. RMB may subject to devaluation, which may adversely affect the value in the RMB class(es) of the Fund. Offshore RMB in Hong Kong (“CNH”) will be used in calculating the value of the RMB class(es), which may have signification bid and offer spreads since the CNH rate may be at a premium or discount to the exchange rate for CNY due to independent operation and separate markets. The Manager has the absolute discretion to delay payment of redemption requests from the RMB class(es) as RMB is not freely convertible. The payment of distributions in RMB may be delayed due to RMB’s exchange controls and restrictions. 
• The Underlying Scheme follows a dynamic asset allocation strategy and may incur greater transaction costs when rebalanced periodically. The Underlying Scheme may invest in debt securities that are subject to actual or perceived ratings downgrade. An increase in interest rates may adversely affect the value of the bonds held by the Underlying Scheme. The Underlying Scheme may invest in non-investment grade and unrated bonds that may be subject to higher default, volatility and liquidity risks. The Underlying Scheme invests in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default or other risks. The Underlying Scheme's investments in equities could incur significant losses due to higher fluctuation of equity values. The Underlying Scheme invests in asset / mortgage backed securities that may be subject to greater credit, liquidity, and interest rate risks and are often exposed to extension and prepayment risks. The Underlying Scheme's income-generating investment strategy may reduce the potential for capital growth and future income of the Underlying Scheme. 
• The Underlying Scheme may invest in assets denominated in various currencies. Changes in exchange rates and currency controls may affect the value of the Underlying Scheme for the Fund’s assets. The Underlying Scheme is subject to risks associated with preference shares, emerging market risk, securities lending counterparty risk, foreign investments restrictions risk and contingent convertible bonds risk. 
• Class 6 Units pay dividends gross of expenses and/or from capital at the Managers’ discretion. Class 8 Units pay dividends gross of expenses and/or from capital at the Managers’ discretion and include interest rate differentials arising from unit class currency hedging. Negative interest rate differentials may decrease the dividends paid. Paying dividends gross of expenses may result in more income being available for distribution; however, these units 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 unit class on the ex-dividend date. 
• The Fund may use derivatives for investment and hedging purposes. However, usage of derivatives will not be extensive. The Fund may suffer losses from their 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.