The Fund is a sub-fund of the BlackRock Authorised Contractual Scheme taking the form of a co-ownership scheme. As a consequence of this, the Fund may be treated as tax transparent for the purpose of income and /or gains by relevant taxing jurisdictions. Each investor should take appropriate professional advice as to the tax treatment of their investment in the Fund. Investors in the Fund must be Eligible Investors as defined in the Fund’s prospectus and must have completed all relevant documentation prior to the purchase of units in the Fund. The Fund aims to provide a return on your investment (generated through and increase to the value of the assets held by the Fund) by tracking closely the performance of the FTSE USA Custom ESG Screened Index, the Fund’s benchmark index (the “Benchmark Index”). The Fund invests in equity securities (e.g. shares) of companies that make up the Benchmark Index.The Benchmark Index aims to reflect the performance characteristics of a subset of equity securities within the FTSE USA Index (“Parent Index”) which comply with the index provider’s environmental, social and governance (“ESG”) exclusionary criteria. The Fund may obtain indirect exposure (through including but not limited to, derivatives and units in collective investment schemes) to securities considered not to satisfy the ESG criteria.