Blackrock (Luxembourg) S.A.

Fund Company

Blackrock (Luxembourg) S.A. - http://www.blackrock.co.uk/index.htm
 

BlackRock® is one of the world’s preeminent asset management firms and a premier provider of investment management, risk management and advisory services to institutional, intermediary and individual investors around the world.

Client-driven investment solutions


BlackRock’s investment approach is based on the conviction that market insights may be combined, proprietary technology, culture of teamwork and information sharing, analytical rigour and focus on risk management into an ability to deliver performance in all market environments. Their reach is broad, however they still maintain their purpose to be focused consistently to add value for their clients within a risk controlled process. Clients look to BlackRock to provide quality investment solutions that cover the majority of investable markets across a variety of investment styles and targeting a range of performance objectives. BlackRock offers a wide range of creative solutions and product structures to meet the needs of the clients. These include institutional and individual separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.


Global perspective and presence

BlackRock is a truly global firm that combines the benefits of worldwide reach with local service and relationships having a deep presence in every major capital market in the world, which gives them greater insight into increasingly interconnected financial markets. BlackRock employs more than 9,700 professionals and maintains offices in 29 countries and more than 60 cities around the world.

As at 30 September 2011, BlackRock’s assets under management totalled $3.35 trillion across equity, fixed income, cash management, alternative investment, multi-asset and advisory strategies. Through BlackRock Solutions® – the natural evolution of their long-standing investment in developing sophisticated and highly integrated systems – risk management, strategic advisory and enterprise investment system services to a broad base of clients are offered with portfolios totalling over $10 trillion.

Company

Fund Name

ISIN

Currency

Inception Date

Rating

Risk

Profile

Blackrock (Luxembourg) S.A.

BGF Japan Fund A Cap

LU0006049554

USD

31/12/1985

2

Medium

The Japan Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in or exercising the predominant part of their economic activity in, Japan.

Blackrock (Luxembourg) S.A.

BGF Europ S/M MidCap Opp A2 EUR Cap

LU0006061161

EUR

13/05/1987

4

Medium

The fund seeks to maximise total return. The fund invests at least 70% of its total assets in the equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, Europe. Small and mid capitalisation companies are considered companies which, at the time of purchase, form the bottom 30% by market capitalisation of European stock markets.

Blackrock (Luxembourg) S.A.

BGF Japan Small and MidCap Opp Fund

LU0006061252

USD

13/05/1987

2

Medium

The Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, Japan. Small and mid capitalisation companies are considered companies which, at the time of purchase, form the bottom 30% by market capitalisation of Japanese stock markets.

Blackrock (Luxembourg) S.A.

BGF US Small and MidCap Opp Fd Cap

LU0006061336

USD

13/05/1987

3

Medium

The US Small & MidCap Opportunities Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, the US. Small and mid capitalisation companies are considered companies which, at the time of purchase, form the bottom 30% by market capitalisation of US stock markets.

Blackrock (Luxembourg) S.A.

BGF Global Government Bd A2 Cap

LU0006061385

USD

13/05/1987

3

Medium

The Global Government Bond Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in investment grade fixed income transferable securities issued by governments and their agencies worldwide. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF EURP Fd/E A2 Cap

LU0011846440

EUR

30/11/1993

4

Medium

The European Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe.

Blackrock (Luxembourg) S.A.

BGF United Kingdom Fund A Cap

LU0011847091

GBP

31/12/1985

2

High

The United Kingdom Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the UK.

Blackrock (Luxembourg) S.A.

BGF Global Opportunities FD A Cap

LU0011850046

USD

29/02/1996

3

Medium

The Global Opportunities Fund seeks to maximize total return. The Fund invests globally, with no prescribed country, regional or capitalization limits, at least 70% of its total assets in equity securities. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Emerging Europe Fund A Cap

LU0011850392

EUR

29/12/1995

4

Medium

The Emerging Europe Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developing European countries. It may also invest in companies domiciled in and around, or exercising the predominant part of their economic activity in and around, the Mediterranean region.

Blackrock (Luxembourg) S.A.

BGF Pacific Equity Fd A2 USD Cap

LU0035112944

USD

05/08/1994

3

Medium

The Pacific Equity Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in the Asia Pacific region. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF US High Yield Fund A2 Cap

LU0046676465

USD

29/10/1993

3

Medium

The US Dollar High Yield Bond Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in high yield fixed income transferable securities denominated in US dollars. The Fund may invest in the full spectrum of available fixed income transferable securities, including noninvestment grade. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Emerging Markets Fund A Cap

LU0047713382

USD

30/11/1993

3

Medium

The Emerging Markets Fund seeks to maximise total return. The Fund invests globally at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developing markets. Investment may also be made in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developed markets that have significant business operations in these developing markets.

Blackrock (Luxembourg) S.A.

BGF EUR BD/E A2 Cap

LU0050372472

EUR

31/03/1994

4

Medium

The Euro Bond fund seeks to maximize total return.  The fund invests at least 80% of its total assets in investment grade fixed income transferable securities. At least 70% of total assets will be invested in fixed income transferable securities denominated in euro. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Global SmallCap Fund A Cap

LU0054578231

USD

04/11/1994

4

Medium

The Global SmallCap Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of smaller capitalisation companies. Smaller capitalisation companies are considered companies which, at the time of purchase, form the bottom 20% by market capitalisation of global stock markets. Although it is likely that most of the Fund’s investments will be in companies located in the developed markets of North America, Europe and the Far East, the Fund may also invest in the developing markets of the world. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF World Gold Fund A Cap

LU0055631609

USD

30/12/1994

4

Medium

The World Gold Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is gold-mining. It may also invest in the equity securities of companies whose predominant economic activity is other precious metal or mineral and base metal or mineral mining. The Fund does not hold physical gold or metal.

Blackrock (Luxembourg) S.A.

BGF World Technology Fund A Cap

LU0056508442

USD

03/03/1995

3

Medium

The Fund seeks to maximise total return. The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in the technology sector.

Blackrock (Luxembourg) S.A.

BGF Asian Tiger Bond Fund A2 Cap

LU0063729296

USD

02/02/1996

4

Medium

The Asian Tiger Bond Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the fixed income transferable securities of issuers domiciled in, or exercising the predominant part of their economic activity in, Asian Tiger countries. The Fund may invest in the full spectrum of available securities, including non-investment grade. The currency exposure of the Fund is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Global Cont Eur Flex A4RF Dis

LU0071969892

GBP

03/01/1995

5

High

The Continental European Flexible Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Europe excluding the UK. The Fund normally invests in securities that, in the opinion of the Investment Adviser, exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants.

Blackrock (Luxembourg) S.A.

BGF Global Equity A4RF GBP Dis

LU0071970049

GBP

24/11/1986

2

High

The Global Equity Fund seeks to maximize total return.  The Fund invests globally at least 70% of its total assets in equity securities. At least 51% of total assets will be invested in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developed markets.

Blackrock (Luxembourg) S.A.

BGF US Basic Value Fund A Cap

LU0072461881

USD

08/01/1997

3

Medium

The US Basic Value Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent basic investment value.

Blackrock (Luxembourg) S.A.

BGF European Value Fund A2EUR Cap

LU0072462186

EUR

08/01/1997

4

High

The European Value Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent intrinsic investment value.

Blackrock (Luxembourg) S.A.

BGF Asian Dragon/U A2 Cap

LU0072462343

USD

02/01/1997

2

High

The Asian Dragon Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Asia, excluding Japan.

Blackrock (Luxembourg) S.A.

BGF Global Allocation Fund A Cap

LU0072462426

USD

03/01/1997

4

Medium

The Global Allocation Fund seeks to maximise total return. The Fund invests globally in equity, debt and short term securities, of both corporate and governmental issuers, with no prescribed limits. In normal market conditions the Fund will invest at least 70% of its total assets in the securities of corporate and governmental issuers. The Fund generally will seek to invest in securities that are, in the opinion of the Investment Adviser, undervalued. The Fund may also invest in the equity securities of small and emerging growth companies. The Fund may also invest a portion of its debt portfolio in high yield fixed income transferable securities. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Latin American Fd A USD Cap

LU0072463663

USD

08/01/1997

3

High

The Latin American Fund seeks to maximize total return.  The fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Latin America.

Blackrock (Luxembourg) S.A.

BGF World Mining Fund A Cap

LU0075056555

USD

24/03/1997

3

High

The Fund seeks to maximise total return.   The Fund invests globally at least 70% of its total assets in the equity securities of mining and metals companies whose predominant economic activity is the production of base metals and industrial minerals such as iron ore and coal. The Fund may also hold the equity securities of companies whose predominant economic activity is in gold or other precious metal or mineral mining. The Fund does not hold physical gold or metal.

Blackrock (Luxembourg) S.A.

BGF Euro Markets Fund A Cap

LU0093502762

EUR

04/01/1999

5

High

The Euro-Markets Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in those EU Member States participating in EMU. Other exposure may include, without limitation, investments in those EU Member States that, in the opinion of the Investment Adviser, are likely to join EMU in the foreseeable future and companies based elsewhere that exercise the predominant part of their economic activity in EMU-participating countries.

Blackrock (Luxembourg) S.A.

BGF Flexible Multi Asset A2 EUR CAP

LU0093503497

EUR

04/01/1999

3

Medium

The Flexible Multi-Asset Fund follows an asset allocation policy that seeks to maximize total return. The Fund invests globally in the full spectrum of permitted investments including equities, fixed income transferable securities (which may include some high yield fixed income transferable securities), units of undertakings for collective investment, cash, deposits and money market instruments. The Fund has a flexible approach to asset allocation (which includes taking indirect exposure to commodities through permitted investments, principally through derivatives on commodity indices and exchange traded funds). The Fund may invest without limitation in securities denominated in currencies other than the reference currency (Euro). The currency exposure of the Fund is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Euro Short Duration Bd Fd Cap

LU0093503810

EUR

04/01/1999

4

Medium

The Euro Short Duration Bond Fund seeks to maximise total return.  The Fund invests at least 80% of its total assets in investment grade fixed income transferable securities. At least 70% of total assets will be invested in fixed income transferable securities denominated in euro with a duration of less than five years. The average duration is not more than three years. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Europ HighYield Bd Fd A2 Cap

LU0093504206

EUR

04/01/1999

3

Medium

The Global High Yield Bond Fund seeks to maximize total return.  The Fund invests globally at least 70% of its total assets in high yield fixed income transferable securities. The Fund may invest in the full spectrum of available fixed income transferable securities, including non-investment grade. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF US Core Bond Fund A Cap

LU0096258362

USD

07/04/1989

3

Medium

The US Dollar Core Bond Fund seeks to maximise total return. The Fund invests at least 80% of its total assets in investment grade fixed income transferable securities. At least 70% of the Fund’s total assets are invested in fixed income transferable securities denominated in US dollars. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF US Gov Mort Por Fd A2 Cap

LU0096258446

USD

02/08/1985

3

Medium

The US Government Mortgage Fund seeks a high level of income.  The Fund invests at least 80% of its total assets in fixed income transferable securities issued or guaranteed by the United States Government, its agencies or instrumentalities, including Government National Mortgage Association (“GNMA”) mortgage-backed certificates and other US Government securities representing ownership interests in mortgage pools, such as mortgage-backed securities issued by Fannie Mae and Freddie Mac. All securities in which the Fund invests are US dollar-denominated securities.

Blackrock (Luxembourg) S.A.

BGF US Growth Fund A Cap

LU0097036916

USD

30/04/1999

2

Medium

The US Growth Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund places particular emphasis on companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital.

Blackrock (Luxembourg) S.A.

BGF World Financials Fund A Cap

LU0106831901

USD

03/03/2000

3

Medium

The World Financials Fund seeks to maximize total return. The fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is financial services.

Blackrock (Luxembourg) S.A.

BGF World Energy Fund A Cap

LU0122376428

USD

06/04/2001

3

Medium

The World Energy Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in the exploration, development, production and distribution of energy. Additionally, the Fund may invest in companies seeking to develop and exploit new energy technologies.

Blackrock (Luxembourg) S.A.

BGF World Healthscience FD A Cap

LU0122379950

USD

06/04/2001

3

Medium

The Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in healthcare, pharmaceuticals, medical technology and supplies and the development of biotechnology.

Blackrock (Luxembourg) S.A.

BGF New Energy Fund A USD Cap

LU0124384867

USD

06/04/2001

4

Medium

The New Energy Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of new energy companies. New energy companies are those which are engaged in alternative energy and energy technologies including renewable energy, alternative fuels, automotive and on-site power generation, materials technology, energy storage and enabling energy technologies.

Blackrock (Luxembourg) S.A.

MLIIF European Growth Fund Cap

LU0154234636

EUR

14/10/2002

3

High

The European Growth Fund seeks to maximise total return.  The fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activities in, Europe. The fund places particular emphasis on companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital.

Blackrock (Luxembourg) S.A.

BGF US Flex Eq/U A2 Cap

LU0154236417

USD

31/10/2002

3

Medium

The US Flexible Equity Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund normally invests in securities that, in the opinion of the Investment Adviser, exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants.

Blackrock (Luxembourg) S.A.

BGF US Sho Duration Bd Fd A2 CAP

LU0154237225

USD

31/10/2002

3

High

The US Dollar Short Duration Bond Fund seeks to maximise total return.  The Fund invests at least 80% of its total assets in investment grade fixed income transferable securities. At least 70% of the Fund’s total assets are invested in fixed income transferable securities denominated in US dollars with a duration of less than five years. The average duration is not more than three years. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Asian Dragon/E A2 Cap

LU0171269466

EUR

02/01/1997

2

High

The Asian Dragon Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Asia, excluding Japan.

Blackrock (Luxembourg) S.A.

BGF Asian Dragon Fund A Cap

LU0171270639

GBP

02/01/1997

2

High

The Asian Dragon Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Asia, excluding Japan.

Blackrock (Luxembourg) S.A.

BGF Emrg Eurp/U A2 Cap

LU0171273575

USD

01/09/1998

4

Medium

The Emerging Europe Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developing European countries. It may also invest in companies domiciled in and around, or exercising the predominant part of their economic activity in and around, the Mediterranean region.

Blackrock (Luxembourg) S.A.

BGF Emrg Mkt/E A2 Cap

LU0171275786

EUR

30/11/1993

3

Medium

The Emerging Markets Fund seeks to maximise total return. The Fund invests globally at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developing markets. Investment may also be made in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developed markets that have significant business operations in these developing markets.

Blackrock (Luxembourg) S.A.

BGF European Growth Fund Cap

LU0171276677

USD

14/10/2002

3

High

The European Growth Fund seeks to maximise total return.  The fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activities in, Europe. The fund places particular emphasis on companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital.

Blackrock (Luxembourg) S.A.

BGF Euro Markets Fund A Cap

LU0171277485

USD

04/01/1999

5

High

The Euro-Markets Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in those EU Member States participating in EMU. Other exposure may include, without limitation, investments in those EU Member States that, in the opinion of the Investment Adviser, are likely to join EMU in the foreseeable future and companies based elsewhere that exercise the predominant part of their economic activity in EMU-participating countries.

Blackrock (Luxembourg) S.A.

BGF European Bond Fund A Cap

LU0171279184

USD

31/03/1994

4

Medium

The Euro Bond fund seeks to maximize total return.  The fund invests at least 80% of its total assets in investment grade fixed income transferable securities. At least 70% of total assets will be invested in fixed income transferable securities denominated in euro. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF EURP Fd/U A2 Cap

LU0171280430

USD

30/11/1993

4

Medium

The European Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe.

Blackrock (Luxembourg) S.A.

BGF Europ S/M MidCap Opp A2 USD Cap

LU0171280604

USD

13/05/1987

4

Medium

The fund seeks to maximise total return. The fund invests at least 70% of its total assets in the equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, Europe. Small and mid capitalisation companies are considered companies which, at the time of purchase, form the bottom 30% by market capitalisation of European stock markets.

Blackrock (Luxembourg) S.A.

BGF European Value Fund A2USD Cap

LU0171281750

USD

08/01/1997

4

High

The European Value Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Europe. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent intrinsic investment value.

Blackrock (Luxembourg) S.A.

BGF Global Allocation Fd A Cap

LU0171283459

EUR

03/01/1997

4

Medium

The Global Allocation Fund seeks to maximise total return. The Fund invests globally in equity, debt and short term securities, of both corporate and governmental issuers, with no prescribed limits. In normal market conditions the Fund will invest at least 70% of its total assets in the securities of corporate and governmental issuers. The Fund generally will seek to invest in securities that are, in the opinion of the Investment Adviser, undervalued. The Fund may also invest in the equity securities of small and emerging growth companies. The Fund may also invest a portion of its debt portfolio in high yield fixed income transferable securities. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Europ HighYield Bd Fd A2 Cap

LU0171284937

USD

08/06/2007

2

Medium

The Global High Yield Bond Fund seeks to maximize total return.  The Fund invests globally at least 70% of its total assets in high yield fixed income transferable securities. The Fund may invest in the full spectrum of available fixed income transferable securities, including non-investment grade. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Global Opport. Fd A2 EUR CAP

LU0171285314

EUR

29/02/1996

3

Medium

The Global Opportunities Fund seeks to maximize total return. The Fund invests globally, with no prescribed country, regional or capitalization limits, at least 70% of its total assets in equity securities. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Global SmallCap Fd EUR A2

LU0171288334

EUR

04/11/1994

4

Medium

The Global SmallCap Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of smaller capitalisation companies. Smaller capitalisation companies are considered companies which, at the time of purchase, form the bottom 20% by market capitalisation of global stock markets. Although it is likely that most of the Fund’s investments will be in companies located in the developed markets of North America, Europe and the Far East, the Fund may also invest in the developing markets of the world. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Japan Fund A Cap

LU0171288680

EUR

31/12/1985

2

Medium

The Japan Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in or exercising the predominant part of their economic activity in, Japan.

Blackrock (Luxembourg) S.A.

BGF Japan Small and MidCap Opp Fund

LU0171289068

EUR

13/05/1987

2

Medium

The Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, Japan. Small and mid capitalisation companies are considered companies which, at the time of purchase, form the bottom 30% by market capitalisation of Japanese stock markets.

Blackrock (Luxembourg) S.A.

BGF Latin American Fd A EUR Cap

LU0171289498

EUR

08/01/1997

3

High

The Latin American Fund seeks to maximize total return.  The fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Latin America.

Blackrock (Luxembourg) S.A.

BGF Latin American Fd A GBP Cap

LU0171289738

GBP

08/01/1997

3

High

The Latin American Fund seeks to maximize total return.  The fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Latin America.

Blackrock (Luxembourg) S.A.

BGF New Energy/E A2 Cap

LU0171289902

EUR

06/04/2001

4

Medium

The New Energy Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of new energy companies. New energy companies are those which are engaged in alternative energy and energy technologies including renewable energy, alternative fuels, automotive and on-site power generation, materials technology, energy storage and enabling energy technologies.

Blackrock (Luxembourg) S.A.

BGF Pacific Equity Fd A2 EUR Cap

LU0171290314

EUR

05/08/1994

3

Medium

The Pacific Equity Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in the Asia Pacific region. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Pacific Equity Fd A2 GBP Cap

LU0171290744

GBP

05/08/1994

3

Medium

The Pacific Equity Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in the Asia Pacific region. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF United Kingdom Fund A Cap

LU0171293177

EUR

31/12/1985

2

High

The United Kingdom Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the UK.

Blackrock (Luxembourg) S.A.

BGF United Kingdom Fund A Cap

LU0171293334

USD

31/12/1985

2

High

The United Kingdom Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the UK.

Blackrock (Luxembourg) S.A.

BGF US Basic Value Fund A Cap

LU0171293920

EUR

08/01/1997

3

Medium

The US Basic Value Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent basic investment value.

Blackrock (Luxembourg) S.A.

BGF US Basic Value Fund A Cap

LU0171296279

GBP

08/01/1997

3

Medium

The US Basic Value Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent basic investment value.

Blackrock (Luxembourg) S.A.

BGF US Flexible Equity Fd Cap EUR

LU0171296865

EUR

31/10/2002

3

Medium

The US Flexible Equity Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund normally invests in securities that, in the opinion of the Investment Adviser, exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants.

Blackrock (Luxembourg) S.A.

BGF US Growth Fund A Cap

LU0171298135

EUR

30/04/1999

2

Medium

The US Growth Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund places particular emphasis on companies that, in the opinion of the Investment Adviser, exhibit growth investment characteristics, such as above-average growth rates in earnings or sales and high or improving returns on capital.

Blackrock (Luxembourg) S.A.

BGF US Small and MidCap Opp Fd Cap

LU0171298648

EUR

13/05/1987

3

Medium

The US Small & MidCap Opportunities Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, the US. Small and mid capitalisation companies are considered companies which, at the time of purchase, form the bottom 30% by market capitalisation of US stock markets.

Blackrock (Luxembourg) S.A.

BGF World Energy Fund A Cap

LU0171301533

EUR

06/04/2001

3

Medium

The World Energy Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in the exploration, development, production and distribution of energy. Additionally, the Fund may invest in companies seeking to develop and exploit new energy technologies.

Blackrock (Luxembourg) S.A.

BGF World Financials Eur Fd T

LU0171304719

EUR

03/03/2000

3

Medium

The World Financials Fund seeks to maximize total return. The fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is financial services.

Blackrock (Luxembourg) S.A.

BGF World Gold Fd A2 EUR Cap

LU0171305526

EUR

30/12/1994

4

Medium

The World Gold Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is gold-mining. It may also invest in the equity securities of companies whose predominant economic activity is other precious metal or mineral and base metal or mineral mining. The Fund does not hold physical gold or metal.

Blackrock (Luxembourg) S.A.

BGF Wld Healthscience A2 EUR Cap

LU0171307068

EUR

06/04/2001

3

Medium

The Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in healthcare, pharmaceuticals, medical technology and supplies and the development of biotechnology.

Blackrock (Luxembourg) S.A.

BGF World Technology Fund A Cap

LU0171310443

EUR

03/03/1995

3

Medium

The Fund seeks to maximise total return. The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in the technology sector.

Blackrock (Luxembourg) S.A.

BGF World Technology Fund A Cap

LU0171311680

GBP

03/03/1995

3

Medium

The Fund seeks to maximise total return. The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in the technology sector.

Blackrock (Luxembourg) S.A.

BGF World Mining Fd A2 EUR Cap

LU0172157280

EUR

24/03/1997

3

High

The Fund seeks to maximise total return.   The Fund invests globally at least 70% of its total assets in the equity securities of mining and metals companies whose predominant economic activity is the production of base metals and industrial minerals such as iron ore and coal. The Fund may also hold the equity securities of companies whose predominant economic activity is in gold or other precious metal or mineral mining. The Fund does not hold physical gold or metal.

Blackrock (Luxembourg) S.A.

BGF World Bond Fund Class A USD Cap

LU0184696937

USD

04/09/1985

3

Medium

The World Bond Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in investment grade fixed income transferable securities. Currency exposure is flexibly managed

Blackrock (Luxembourg) S.A.

BGF World Bond Fund Class A USD Dis

LU0200680436

USD

01/10/2004

3

Medium

The Emerging Markets Bond Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the fixed income transferable securities of governments, agencies and companies domiciled in, or exercising the predominant part of their economic activity in, developing markets. The Fund may invest in the full spectrum of available securities, including non-investment grade. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF US Flexible Eq Fd A2 EUR Cap

LU0200684693

EUR

04/10/2004

1

High

The US Flexible Equity Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund normally invests in securities that, in the opinion of the Investment Adviser, exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants.

Blackrock (Luxembourg) S.A.

BGF US Basic Value Fund Hedged Cap

LU0200685153

EUR

30/09/2004

2

High

The US Basic Value Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent basic investment value.

Blackrock (Luxembourg) S.A.

Latin America A GBP Dis

LU0204063647

GBP

19/01/2009

2

Medium

The Latin American Fund seeks to maximize total return.  The fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, Latin America.

Blackrock (Luxembourg) S.A.

BGF New Energy A4RF Dis

LU0204063720

GBP

07/04/2001

3

Medium

The New Energy Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of new energy companies. New energy companies are those which are engaged in alternative energy and energy technologies including renewable energy, alternative fuels, automotive and on-site power generation, materials technology, energy storage and enabling energy technologies.

Blackrock (Luxembourg) S.A.

BlackRock Global Funds UK A4DS Cap

LU0204064025

GBP

31/12/1985

2

High

The United Kingdom Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the UK.

Blackrock (Luxembourg) S.A.

BGF US Basic Value A4RF GBP Dis

LU0204064967

GBP

02/06/2005

3

Medium

The US Basic Value Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent basic investment value.

Blackrock (Luxembourg) S.A.

US Flexible Equity Fd A GBP Dis

LU0204065857

GBP

31/10/2002

3

Medium

The US Flexible Equity Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, the US. The Fund normally invests in securities that, in the opinion of the Investment Adviser, exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants.

Blackrock (Luxembourg) S.A.

BGF Global World Mining A4RF Dis

LU0204068877

GBP

24/03/1997

3

High

The Fund seeks to maximise total return.   The Fund invests globally at least 70% of its total assets in the equity securities of mining and metals companies whose predominant economic activity is the production of base metals and industrial minerals such as iron ore and coal. The Fund may also hold the equity securities of companies whose predominant economic activity is in gold or other precious metal or mineral mining. The Fund does not hold physical gold or metal.

Blackrock (Luxembourg) S.A.

BGF Japan Value Fund A2

LU0212924517

USD

28/02/2005

2

Medium

The Japan Value Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Japan. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent intrinsic investment value.

Blackrock (Luxembourg) S.A.

BGF Japan Value Fund EUR A2 Cap

LU0212924608

EUR

28/02/2005

2

Medium

The Japan Value Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Japan. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent intrinsic investment value.

Blackrock (Luxembourg) S.A.

BGF Global Allocation Fd A2 Eur Cap

LU0212925753

EUR

22/04/2005

3

High

The Global Allocation Fund seeks to maximise total return. The Fund invests globally in equity, debt and short term securities, of both corporate and governmental issuers, with no prescribed limits. In normal market conditions the Fund will invest at least 70% of its total assets in the securities of corporate and governmental issuers. The Fund generally will seek to invest in securities that are, in the opinion of the Investment Adviser, undervalued. The Fund may also invest in the equity securities of small and emerging growth companies. The Fund may also invest a portion of its debt portfolio in high yield fixed income transferable securities. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Continental Europ Flex A2

LU0224105477

EUR

24/11/1986

5

High

The Continental European Flexible Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Europe excluding the UK. The Fund normally invests in securities that, in the opinion of the Investment Adviser, exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants.

Blackrock (Luxembourg) S.A.

BGF Global Equity Core Fund A2

LU0224106525

USD

24/11/1986

2

High

The Global Equity Fund seeks to maximize total return.  The Fund invests globally at least 70% of its total assets in equity securities. At least 51% of total assets will be invested in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, developed markets.

Blackrock (Luxembourg) S.A.

BGF European Focus Fund A2 Cap

LU0229084990

EUR

14/10/2005

5

High

The European Focus Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in a concentrated portfolio of equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Europe.

Blackrock (Luxembourg) S.A.

BGF World Income Fund A2 USD Cap

LU0230590456

USD

30/11/2005

2

Medium

The World Income Fund seeks to maximise total return, a significant portion of which may be derived from income.  The Fund invests globally at least 70% of its total net assets in fixed income transferable securities denominated in a variety of currencies. The Fund may invest in the full spectrum of available fixed income transferable securities, including non-investment grade. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF World Income Fund A2 EUR Cap

LU0230590886

EUR

30/11/2005

2

Medium

The World Income Fund seeks to maximise total return, a significant portion of which may be derived from income.  The Fund invests globally at least 70% of its total net assets in fixed income transferable securities denominated in a variety of currencies. The Fund may invest in the full spectrum of available fixed income transferable securities, including non-investment grade. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Global Alloc Fd Hedged A2 Cap

LU0236177068

GBP

01/12/2005

2

High

The Global Allocation Fund seeks to maximise total return. The Fund invests globally in equity, debt and short term securities, of both corporate and governmental issuers, with no prescribed limits. In normal market conditions the Fund will invest at least 70% of its total assets in the securities of corporate and governmental issuers. The Fund generally will seek to invest in securities that are, in the opinion of the Investment Adviser, undervalued. The Fund may also invest in the equity securities of small and emerging growth companies. The Fund may also invest a portion of its debt portfolio in high yield fixed income transferable securities. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Global Dynamic Eq Fd A2 USD Cap

LU0238689110

USD

28/02/2006

5

Low

The Global Dynamic Equity Fund seeks to maximize total return.  The fund invests globally, with no prescribed country or regional limits, at least 70% of its total assets in equity securities. The fund will generally seek to invest in securities that are, in the opinion of the Investment Adviser, undervalued. The fund may also invest in the equity securities of small and emerging growth companies. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF India Fund EUR

LU0248271941

EUR

02/02/2005

3

Medium

The India Fund seeks to maximize total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, India. (In normal market conditions the Fund will invest exclusively via the Subsidiary).

Blackrock (Luxembourg) S.A.

BGF India Fund A2 USD Cap

LU0248272758

USD

02/02/2005

3

Medium

The India Fund seeks to maximize total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, India. (In normal market conditions the Fund will invest exclusively via the Subsidiary).

Blackrock (Luxembourg) S.A.

BGF Japan Fund A2 JPY

LU0249409425

JPY

31/12/1985

2

Medium

The Japan Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in or exercising the predominant part of their economic activity in, Japan.

Blackrock (Luxembourg) S.A.

BGF Japan Value Fund A2 JPY

LU0249410860

JPY

28/02/2005

2

Medium

The Japan Value Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Japan. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent intrinsic investment value.

Blackrock (Luxembourg) S.A.

BGF Japan Opport.Fund A2 JPY

LU0249411835

JPY

13/05/1987

2

Medium

The Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of small and mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, Japan. Small and mid capitalisation companies are considered companies which, at the time of purchase, form the bottom 30% by market capitalisation of Japanese stock markets.

Blackrock (Luxembourg) S.A.

BGF Japan Val Fd A2 EUR Hdgd

LU0255399239

EUR

29/05/2006

1

High

The Japan Value Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in Japan. The Fund places particular emphasis on companies that are, in the opinion of the Investment Adviser, undervalued and therefore represent intrinsic investment value.

Blackrock (Luxembourg) S.A.

BGF Japan Fund A2 EUR Hedged

LU0255400185

EUR

29/05/2006

1

High

The Japan Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in or exercising the predominant part of their economic activity in, Japan.

Blackrock (Luxembourg) S.A.

BGF Global Enhanc Eq Yield Fd Cap

LU0265550359

USD

13/10/2006

4

Medium

The Global Enhanced Equity Yield Fund seeks to generate a high level of income.  The Fund invests globally, with no prescribed country or regional limits, at least 70% of its total assets in equity securities. The Fund makes use of derivatives in a way that is fundamental to its investment objective in order to generate additional income.

Blackrock (Luxembourg) S.A.

BGF Fix Inc Gl Opp Hd A2 Cap

LU0278453476

EUR

31/01/2007

3

Medium

The Fixed Income Global Opportunities Fund seeks to achieve an absolute return.  The Fund invests at least 70% of its total assets in fixed income transferable securities denominated in various currencies issued by governments, agencies and companies worldwide. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Loc Emer Mkt Sh Dur Bd A2 Cap

LU0278457204

EUR

26/06/1997

3

Medium

The fund seeks to maximise total return.   The fund invests at least 70% of its total assets in local currency-denominated fixed income transferable securities with duration of less than three years issued by governments, agencies and companies domiciled in, or exercising the predominant part of their economic activity in, developing markets. The average duration is not more than two years. The full spectrum of available securities, including non-investment grade, may be utilized. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Loc Emer Mkt Sh Dur Bd A3 Dis

LU0278457469

EUR

05/02/2007

1

Low

The fund seeks to maximise total return.   The fund invests at least 70% of its total assets in local currency-denominated fixed income transferable securities with duration of less than three years issued by governments, agencies and companies domiciled in, or exercising the predominant part of their economic activity in, developing markets. The average duration is not more than two years. The full spectrum of available securities, including non-investment grade, may be utilized. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Fix Inc Gl Opp $A2 Cap

LU0278466700

USD

31/01/2007

2

Medium

The Fixed Income Global Opportunities Fund seeks to achieve an absolute return.  The Fund invests at least 70% of its total assets in fixed income transferable securities denominated in various currencies issued by governments, agencies and companies worldwide. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Loc Emer Mkt Sh Dur Bd A2 Cap

LU0278470058

USD

26/06/1997

3

Medium

The fund seeks to maximise total return.   The fund invests at least 70% of its total assets in local currency-denominated fixed income transferable securities with duration of less than three years issued by governments, agencies and companies domiciled in, or exercising the predominant part of their economic activity in, developing markets. The average duration is not more than two years. The full spectrum of available securities, including non-investment grade, may be utilized. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Loc Emer Mkt Sh Dur Bd A3 Dis

LU0278470132

USD

05/02/2007

1

Low

The fund seeks to maximise total return.   The fund invests at least 70% of its total assets in local currency-denominated fixed income transferable securities with duration of less than three years issued by governments, agencies and companies domiciled in, or exercising the predominant part of their economic activity in, developing markets. The average duration is not more than two years. The full spectrum of available securities, including non-investment grade, may be utilized. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF Global Enhanc Eq Yield Fd Cap

LU0278718100

EUR

14/12/2006

1

High

The Global Enhanced Equity Yield Fund seeks to generate a high level of income.  The Fund invests globally, with no prescribed country or regional limits, at least 70% of its total assets in equity securities. The Fund makes use of derivatives in a way that is fundamental to its investment objective in order to generate additional income.

Blackrock (Luxembourg) S.A.

BGF Global Gover Bd A2 EUR hed Cap

LU0297942863

EUR

30/06/1989

2

Low

The Global Government Bond Fund seeks to maximise total return.  The Fund invests at least 70% of its total assets in investment grade fixed income transferable securities issued by governments and their agencies worldwide. Currency exposure is flexibly managed.

Blackrock (Luxembourg) S.A.

BGF World Energy Fund A2  Cap

LU0326422176

EUR

30/11/2007

1

High

The World Energy Fund seeks to maximise total return.  The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in the exploration, development, production and distribution of energy. Additionally, the Fund may invest in companies seeking to develop and exploit new energy technologies.

Blackrock (Luxembourg) S.A.

BGF World Gold Fund A2 Cap

LU0326422689