Black Rock ICS Sterling Liq.E.A.Fd.A./  IE00BK8M8R05  /

The Fund aims to provide a return in line with money market rates. This aim is consistent with maintaining capital and ensuring its underlying assets can easily be bought or sold in the market (in normal market conditions). Money invested in the Fund is not protected or guaranteed. The Fund will do this by maintaining a portfolio of high credit quality (according to the Investment Manager"s assessment of credit worthiness) money market instruments (MMIs) (i.e. debt securities with short term maturities) and short term fixed income securities (such as bonds). It may also invest in cash and in deposits with credit institutions (e.g. banks) and in units of other short term money market funds. The Fund will take into account environment, social and governance criteria when selecting investments as disclosed in the prospectus. For further details please refer to the prospectus. The Fund is a "Short Term Variable NAV Money Market Fund" as defined by the EU Money Markets Funds Regulations. The Fund is actively managed. The investment manager has discretion to select the Fund"s investments and is not constrained by any benchmark in this process. The Sterling Overnight Index Average Rate (SONIA) should be used by investors to compare the performance of the Fund. The investments of this VNAV Fund are valued using the mark-to-market method (i.e. a valuation based on current market prices) where possible, and if not, the mark-to-model method (i.e. a valuation based on a financial model) is used. The NAV is calculated to four decimal places and forms the dealing NAV.

The Fund aims to provide a return in line with money market rates. This aim is consistent with maintaining capital and ensuring its underlying assets can easily be bought or sold in the market (in normal market conditions). Money invested in the Fund is not protected or guaranteed.