BSF European Select Strat.F.E5 EUR/  LU1271725522  /

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund"s assets in a manner consistent with the principles of environmental, social and governance (ESG) investing as disclosed in the Prospectus. The Fund invests in the range of eligible assets for UCITS funds across the full capital structure of companies (i.e. debt and equity), and securities issued by governments and government agencies. Financial derivative instruments (FDIs) may be used to help achieve the Fund"s investment objective. FDIs are investments the prices of which are based on one or more underlying assets. The Fund will invest at least 65% of its total assets in fixed income (FI) and FI related securities which may include investments with a relatively low credit rating or which are unrated. The Fund may invest up to 35% of its total assets in equity and equity-related securities. At least 70% of the Fund"s total assets will be denominated in European currencies or will be issued by, or giving exposure to, governments and government agencies of, and companies and supranationals domiciled, or the main business of which is in Europe. The remainder may include investments denominated in non-European currencies and issued outside of Europe.

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund"s assets in a manner consistent with the principles of environmental, social and governance (ESG) investing as disclosed in the Prospectus. For further details please refer to the ESG Policy section of the Fund as set out in the prospectus and at the BlackRock website at https:// www.blackrock.com/baselinescreens