<p><span style="font-size: 8pt;font-family: Arial;">The Fund seeks to maximise total return by investing primarily in equity securities of mining and metals companies globally whose predominant economic activity is the production of base metals and industrial minerals such as iron ore and coal, and mining of gold/other precious metal/mineral. The Fund does not hold physical gold or metal.</span></p>


BlackRock (Luxembourg) SA

BlackRock Investment Management (UK) Ltd.

Sector Equity Natural Resources

Morningstar Gbl Upstm Nat Res NR USD

Equity

MSCI ACWI Me&Mi 30% Bf 10/40 NR USD

BGF World Mining D2 USD

BGF World Mining A2 USD

2024

2023

2022

2021

2020

Canada

United Kingdom

United States

Australia

Brazil

Switzerland

Unclassified

Basic Materials

Agnico Eagle Mines Ltd

Rio Tinto PLC Ordinary Shares

Wheaton Precious Metals Corp

BHP Group Ltd

Freeport-McMoRan Inc

Newmont Corp

Kinross Gold Corp

Anglo American PLC

Vale SA ADR

Glencore PLC