Equity Fund

B L A C K R O C K G L O B A L F U N D S ( B G F )
Global Equity Income Fund
Performance to 30 April 2014
Summary of Investment Objectives
Equity Fund
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Small
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50-70
Income
The Global Equity Income Fund seeks an above average income from its equity
investments without sacrificing long term capital growth. 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, developed markets.
This Fund distributes income gross of expenses. Currency exposure is flexibly
managed.
A-Non-distributing Share Performance in US$
80
100
120
140
160
80
100
120
140
160
04.2014 10.2013 04.2013 10.2012 04.2012 10.2011 04.2011
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Fund MSCI AC World (net) (USD)
Annualised Annualised
6 Months YTD 1 Year (3 Year) (Since Launch)
*
Cumulative Performance (USD)
#
% % % % %
Fund 5.8 4.2 11.2 9.1 11.1
Fund [FEL applied] 0.5 -1.0 5.7 7.3 9.4
MSCI AC World (net) (USD) 5.3 2.0 14.4 7.4 10.1
Quartile Ranking 2 1 3 1 1
Fund Data
Status Sub-Fund of Luxembourg SICAV
Fund Manager Stuart Reeve/James Bristow/
Andrew Wheatley-Hubbard
Launch Date 12.11.2010
Base Currency US$
Additional Dealing Currencies , , SGD, AUD, PLN, ZAR
Benchmark MSCI AC World (net) (USD)
Morningstar Sector Global Equity Income
Total Fund Size (m) US$2,676.0
Distributing (S) Share

Available
Codes
ISIN (USD) LU0545039389
ISIN (SGD-Hedged) LU0661495795
Bloomberg Equity Ticker BGFGEA2 LX
Dealing Information
Trading Frequency Daily, forward pricing basis
Settlement Trade date + 3 days
Fees %
Initial Charge (A shares) 5
Annual Management Fee (A shares) 1.50
NAV (US$)
A Class 14.39
12 Months High/Low NAV (US$)
A Class 14.39 / 12.21
Dealing & Prices
Annualised
6 Months YTD 1 Year (Since Launch)
*
Cumulative Performance (SGD-Hedged)
#
% % % %
Fund 5.7 4.0 10.7 12.5
Fund (FEL applied) 0.4 -1.2 5.1 10.2
Fund Risk Statistics
3 5 Since
Volatility (%) Years Years launch
- Fund 10.8 - 11.1
- Benchmark 14.4 - 14.1
Beta 0.66 - 0.69
Important Information
This document is provided for information purposes only and does not constitute an offer or solicitation to purchase or sell shares
of the Fund.
Investing involves risk, including the possible loss of principal. The value of investments and the income from them can fluctuate
and is not guaranteed. The Fund may invest in small cap companies. Such investments may have higher than average volatility risk.
The use of derivatives may expose the Fund to a higher degree of risk. Derivative contracts can be highly volatile and a relatively
small market movement may have a potentially larger impact on derivatives than on standard bonds or equities.
These and other risks are described in the Prospectus. Before making an investment decision, investors should read the Prospectus
carefully including the investment objective and risk factors relating to the Fund. The Prospectus can be obtained from our website
www.blackrock.com.sg
The Fund is a sub-fund of BlackRock Global Funds (BGF), an open-ended investment company with variable capital (socit
dinvestissement capital variable) incorporated under the laws of Luxembourg. BGF has appointed BlackRock (Singapore)
Limited (company registration number: 200010143N) as its Singapore representative and agent for service of process.
#
Past performance is not necessarily indicative of future performance. Performance of the Fund is calculated on NAV to NAV
price basis with income reinvested. Also, where indicated, performance of the Fund is shown including the effect of assumed 5%
front end load (FEL), which an investor might or might not pay. Accordingly, these returns may not represent actual returns to an
investor. Returns denominated in a currency other than the base currency of the Fund may increase or decrease as a result of
foreign exchange currency fluctuations.
*Inception Date: 12.11.2010: Class A (USD), 11.11.2011: Class A (SGD-Hedged).

1)There is no guarantee that distributions on Distributing (S) Shares will be stable or that Distributing (S) Shares will pay a
distribution at all. 2) The Committee appointed by the BGF Board has full discretion to set distribution levels. 3) Distributions from
capital will result in capital erosion and may consequently constrain further capital growth. A positive distribution pay out does not
imply a positive return. 4) Regardless of any aim of providing stable distributions, distribution levels may fall or rise in the short
and/or long term depending on income generated by the Funds underlying Investments.
^Indicative only and actual numbers may fall outside of the range shown.
All data shown is as of the date at the top of this document, unless otherwise stated.
Sources: Fund BlackRock Investment Management (UK) Limited (BIM(UK)L), Indices Datastream, BIM(UK)L.
Quartile Ranking 2014 Morningstar, Inc. All Rights Reserved.
Composition of Fund 10 Largest Holdings
%
Imperial Tobacco 3.7
Coca-Cola ORD 3.4
Microsoft Corp. 3.2
Nestle S.A. 3.2
Sanofi S.A. 3.1
Mcdonalds Corp 3.1
GlaxoSmithKline 3.0
Roche Holding AG 2.9
Pfizer Inc 2.8
Unilever PLC 2.6
Total 31.0
Sector Fund/Benchmark %
/9.8 33.7 Consumer Staples
/10.6 18.8 Healthcare
/10.8 8.7 Industrials
/11.5 8.0 Consumer Discretionary
/10.1 7.6 Energy
/3.9 7.0 Telecommunications
/21.4 5.8 Financials
/6.2 3.9 Materials
/0.0 3.4 Cash and Derivatives
/12.6 3.2 Information Technology
/3.3 0.0 Utilities
0 5 10 15 20 25 30 35
Country Fund/Benchmark %
/48.9 39.4 US
/8.0 19.0 UK
/3.4 11.0 Switzerland
/3.9 7.2 France
/22.9 6.9 Other
/1.2 4.0 Sweden
/0.0 3.4 Cash and Derivatives
/3.8 2.9 Canada
/7.0 2.4 Japan
/0.5 2.2 Belgium
/0.6 1.6 Singapore
0 10 20 30 40 50
Global Equity Income Fund
continued