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