Title: BlackRock Developed Markets Equity Fund Class D Acc URL Source: https://lowf.io/regulatory/uk/kiids/uk_pdfs/937a7b8a38223335c48ecc45db97d27d.pdf Published Time: Thu, 16 Apr 2026 15:32:07 GMT Number of Pages: 2 Markdown Content: ## KEY INVESTOR INFORMATION This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. # BlackRock Developed Markets Equity Fund # (UK) ## Class D Accumulating GBP ISIN: GB00B4XLYS34 Manager: BlackRock Fund Managers Limited # Objectives and Investment Policy The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) over the medium to long term (3 to 5 or more consecutive years beginning at the point of investment), whilst incorporating the environmental, social and governance (ESG) commitments described below. The Fund invests globally at least 70% of its total assets in the equity securities (i.e. shares) of companies domiciled in, or whose main business is in, developed markets. The Fund may also invest in emerging market companies. Investment decisions are based on the fundamental research of the investment manager (IM) focusing on company-specific analysis that seeks to identify and select equity and equity-related securities that can, as a portfolio, deliver the Fund’s investment objective. The Fund’s portfolio is expected to be concentrated (i.e. a less diverse portfolio). The IM may use derivatives (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective, to reduce risk within the Fund's portfolio, reduce investment costs and generate additional income (though the use of derivatives to help achieve the Fund's investment objective will be limited). The ESG commitments applied by the IM when seeking to achieve the Fund's investment objective comprises: (i) applying the BlackRock EMEA Baseline Screens and other exclusionary screens; (ii) applying the proprietary methodology described below; and (iii) seeking to reduce the carbon emission intensity score of the Fund relative to the MSCI World Index (Index). These ESG commitments apply to direct investment in corporate issuers only and do not apply to other investments held by the Fund for liquidity purposes (however, this exposure will not exceed 20% of the Fund's total assets). The IM identifies the investible universe by first applying the BlackRock EMEA Baseline Screens and other exclusionary screens. The IM will exclude direct investment in corporate issuers whose MSCI ESG rating is CCC and limit and/or exclude (as applicable) direct investment in issuers which, in the opinion of the IM, have exposure to, or ties with, certain sectors. Further details of these screens are set out in the Fund’s prospectus. They include, amongst others, the BlackRock EMEA Baseline Screens, for further details of which please refer to the BlackRock website at https://www.blackrock.com/corporate/literature/publication/blackrock-baseline- screens -in-europe-middleeast-and- africa.pdf For those companies that remain eligible after application of these screens, the IM uses third-party research and its proprietary framework to create a portfolio comprised of the following categories of companies: (a) sustainability enablers (companies that derive greater than 20% of their revenue from products or services which are aligned with the sustainability themes described in the prospectus); (b) environmental improvers (companies that the IM has identified as having the potential to reduce their contribution to climate change); and (c) emerging enablers (companies which do not at the point of investment meet the 20% revenue threshold under (a), but where the IM believes based on engagement and/or data, that the company will meet such threshold within 3 to 5 years). The Fund also actively aims to achieve, in respect of only the corporate issuers (i.e. companies) in which it invests, a carbon emission intensity score that is 20% lower than the Index. The calculation includes scope 1 and 2 GHG emissions but excludes scope 3 GHG emissions. The Fund is actively managed and the IM has discretion to select the Fund's investments. In doing so, the IM will refer to the Index when constructing the Fund’s portfolio, and also for risk management purposes to ensure that the active risk (i.e. degree of deviation from the Index) taken by the Fund remains appropriate given the Fund’s investment objective and policy. The IM is not bound by the components or weighting of the Index when selecting investments. The IM may also use its discretion to invest in securities not included in the Index in order to take advantage of specific investment opportunities. The Index should be used by unitholders to compare the performance of the Fund. The Index has been chosen because the IM has determined that it is representative of the investment universe of the Fund. Recommendation: This Fund may not be appropriate for short-term investment. Your units will be accumulating units (i.e. dividend income will be included in their value). Your units will be denominated in Sterling, the Fund's base currency. You can buy and sell your units daily. The minimum initial investment for this unit class is £100,000. For more information on the Fund, share/unit classes, risks and charges, please see the Fund's prospectus, available on the product pages at www.blackrock.com # Risk and Reward Profile Lower risk Higher risk > Typically lower rewards Typically higher rewards This indicator is based on historical data and may not be a reliable indication of the future risk profile of the Fund. The risk category shown is not guaranteed and may change over time. The lowest category does not mean risk free. The Fund is rated five due to the nature of its investments which include the risks listed below. These factors may impact the value of the Fund’s investments or expose the Fund to losses. ## - Shares in smaller companies typically trade in less volume and experience greater price variations than larger companies. ## - Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political, sustainability-related or regulatory events. ## - The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. ## - The Fund seeks to exclude companies engaging in certain activities inconsistent with ESG criteria. Such ESG screening may reduce the potential investment universe and this may adversely affect the value of the Fund’s investments compared to a fund without such screening. Particular risks not adequately captured by the risk indicator include: ## - Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. ## - Liquidity Risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily. This Fund is authorised in the UK and regulated by the Financial Conduct Authority. BlackRock Fund Managers Limited, the manager, is authorised in the UK > and regulated by the Financial Conduct Authority. > This Key Investor Information is accurate as at 09 February 2026 # Charges The charges are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. The entry and exit charges shown are maximum figures. In some cases you might pay less. Please refer to your financial advisor or the distributor for the actual entry and exit charges. *Subject to a charge of up to 2% paid into the Fund where the Manager suspects excessive trading by an investor. The ongoing charges figure is based on expenses for the twelve month period ending 31 December 2025. This figure may vary from year to year. It excludes portfolio trade-related costs, except costs paid to the custodian and any entry/exit charge paid to an underlying collective investment scheme (if any). ** To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5 % will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges. One-off charges taken before or after you invest Entry Charge None Exit Charge None* > This is the maximum that might be taken out of your money before it is invested or > before proceeds of your investments are paid out. Charges taken from the Fund over each year Ongoing Charges 0.92%** Charges taken from the Fund under certain conditions Performance Fee None # Past Performance Past performance is not a guide to future performance. The chart shows the Fund's annual performance in GBP for each full calendar year over the period displayed in the chart. It is expressed as a percentage change of the Fund's net asset value at each year-end. The Fund was launched in 2000. The unit class was launched in 2011. Performance is shown after deduction of ongoing charges. Any entry/exit charges are excluded from the calculation. †¹MSCI World NET TR in GBP Index (official levels) It is not intended that the performance of the Fund will track the index. Historic performance to 31 December 2025 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Fund 25.1 9.6 -6.0 18.4 2.6 18.0 -14.3 11.3 14.3 4.4 Constraint †¹ 28.7 13.2 -3.8 21.7 12.7 20.8 -7.8 16.8 20.8 12.8 During this period performance was achieved under circumstances that no longer apply. *On 6 September 2021, the Fund changed its name and investment objective and policy. The Fund used a different benchmark which is reflected in the benchmark data. # Practical Information The trustee and depositary of the Fund is The Bank of New York Mellon (International) Limited, which also acts as custodian. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the Fund. These documents are available free of charge in English. These can be found, along with other information, such as unit prices, on the BlackRock website at www.blackrock.com or by calling Investor Services on 0800 44 55 22. Investors should note that the tax legislation that applies to the Fund may have an impact on the personal tax position of your investment in the Fund. BlackRock Fund Managers Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Fund's prospectus. The Remuneration Policy of the Management Company, which describes how remuneration and benefits are determined and awarded, and the associated governance arrangements, is available at www.blackrock.com/Remunerationpolicy or on request from the registered office of the Management Company.