BlackRock Systematic Australian Equity Fund, Class Z AUD/  CH1274751614  /

The Fund aims to achieve long-term capital growth on your investment in excess of the S&P/ASX 300 ® Total Return Index (the "Reference Index"). The Fund seeks to gain broad investment exposure to equity securities (e.g., shares) of companies incorporated or listed in Australia. This is achieved by investing in equity securities and other equity-related securities and may, when deemed appropriate, invest in money market instruments (MMIs) (i.e., debt securities with short term maturities), deposits and cash. The equity-related securities include financial derivative instruments (FDIs) (i.e., investments the prices of which are based on one or more underlying assets). The MMIs may be issued by governments, government agencies, companies and supranationals and may be investment grade (i.e., meet a specified level of credit worthiness), non-investment grade or unrated at the time of purchase. 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.

The Fund aims to achieve long-term capital growth on your investment in excess of the S&P/ASX 300 ® Total Return Index (the "Reference Index"). The Fund seeks to gain broad investment exposure to equity securities (e.g., shares) of companies incorporated or listed in Australia. This is achieved by investing in equity securities and other equity-related securities and may, when deemed appropriate, invest in money market instruments (MMIs) (i.e., debt securities with short term maturities), deposits and cash. The equity-related securities include financial derivative instruments (FDIs) (i.e., investments the prices of which are based on one or more underlying assets).