BlackRock Balanced Fund – M onthly Report 31 December 2020

Fund Base Unit/Share Redemption Monthly Net Changes to key service providers
Fund Name NAV (m) Material changes to strategy Material changes to risk profile Changes to key individuals
Currency Base Currency Price Return and their related party status
BlackRock Balanced Fund No change, please contact us (see below) No change, please contact us (see No change, please contact us (see No change, please contact us (see
AUD AUD 19.43 1.2398 0.89%
(Fund ) for further details below) for further details below) for further details below) for further details
Fund Base Unit/Share Redemption Monthly Gross Changes to key service providers
Wholesale Fund NAV (m) Material changes to strategy Material changes to risk profile Changes to key individuals
Currency Base Currency Price Return and their related party status
BlackRock Tactical Growth Fund No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
AUD AUD 515.63 1.7277 1.02%
(Wholesale Fund ) Product Disclosure Statement ( PDS ) Fund's PDS Fund's PDS PDS
Fund Base Unit/Share Redemption Monthly Gross Changes to key service providers
Underlying Funds NAV (m) Material changes to strategy Material changes to risk profile Changes to key individuals
Currency Base Currency Price Return and their related party status
BlackRock Fixed Income Global No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
USD USD 1490.87 3515.5571 0.77%
Alpha Fund (USD FLEX) PDS Fund's PDS Fund's PDS PDS
BlackRock Equitised Long Short No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
AUD AUD 89.14 0.6765 0.27%
Fund PDS Fund's PDS Fund's PDS PDS
BlackRock Global Allocation No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
AUD AUD 609.29 1.3406 3.08%
Fund (Aust) PDS Fund's PDS Fund's PDS PDS
No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
BlackRock Australian Bond Fund AUD AUD 25.96 0.9527 -0.23%
PDS Fund's PDS Fund's PDS PDS
BlackRock Fixed Income Global No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
AUD AUD 92.19 1.1854 0.93%
Opportunities Fund (Aust) PDS Fund's PDS Fund's PDS PDS
BlackRock Style Advantage No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
AUD AUD 150.67 0.7719 -0.43%
Fund (Aust) PDS Fund's PDS Fund's PDS PDS
No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
Asian Dragon Fund USD USD 1882.63 67.0700 7.65%
PDS Fund's PDS Fund's PDS PDS
No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
BGF World Real Estate Fund USD USD 144.01 13.6400 4.03%
PDS Fund's PDS Fund's PDS PDS
No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
Global Listed Infrastructure AUD AUD 52.66 1.2607 -3.77%
PDS Fund's PDS Fund's PDS PDS
No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
Emerging Markets Bond Fund USD USD 1788.86 24.0900 2.77%
PDS Fund's PDS Fund's PDS PDS
iShares Wholesale Australian No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
AUD AUD 2572.49 1.7117 1.32%
Equity Index Fund PDS Fund's PDS Fund's PDS PDS
BGF Emerging Markets Fund - No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
USD USD 3426.57 20.2500 9.18%
Aggregate PDS Fund's PDS Fund's PDS PDS
No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
BlackRock Money Market Fund AUD AUD 720.88 1.0000 0.00%
PDS Fund's PDS Fund's PDS PDS
No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
iShares Physical Gold ETC USD USD 14285.52 36.9675 7.29%
PDS Fund's PDS Fund's PDS PDS
iShares Government Inflation No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
USD USD 252.53 - 1.19%
ETF PDS Fund's PDS Fund's PDS PDS

No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
iShares TIPS Bond ETF USD USD 26385.03 127.6500 1.09%
PDS Fund's PDS Fund's PDS PDS
BlackRock Global High Yield No change, refer to the Wholesale Fund's No change, refer to the Wholesale No change, refer to the Wholesale No change, refer to the Wholesale Fund's
USD USD 448.52 - 1.18%
ESG and Credit Screened Fund PDS Fund's PDS Fund's PDS PDS
NAV, Redemption Price and Monthly Returns (Net/Gross) stated in the base currency.
Monthly Gross Returns show n as the Fund invests in pooled investment vehicles managed by an entity w ithin the BlackRock Group of companies. Accordingly, management fees of the underlying pooled investment vehicle w ill either be rebated or not charged.

Issued by BlackRock Investm ent Managem ent (Australia) Lim ited ABN 13 006 165 975 AFSL 230523 (BIMAL). This m aterial has been prepared for the purpose of ASIC Regulatory Guide 240 Benchm ark 2 Periodic Reporting. BIMAL is the
responsible entity and issuer of units in the Fund. Any potential investor should consider the latest available Fund inform ation before deciding w hether to acquire, or continue to hold, an investm ent in the Fund, w hich can be obtained from
your financial adviser or by contacting us on 1300 366 100 or em ailing clientservices.aus@blackrock.com . This m aterial is not a financial product recom m endation or an offer or solicitation w ith respect to the purchase or sale of any financial
product in any jurisdiction. The m aterial provides general inform ation only and does not take into account your individual objectives, financial situation, needs or circum stances. Before m aking any investm ent decision, you should assess
w hether the m aterial is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circum stances. BIMAL, its officers, em ployees and agents believe that the
inform ation in this m aterial and the sources on w hich it is based (w hich m ay be sourced from third parties) are correct as at the date of publication. While every care has been taken in the preparation of this m aterial, no w arranty of accuracy
or reliability is given and no responsibility for the inform ation is accepted by BIMAL, its officers, em ployees or agents.

Perform ance figures represent past perform ance and are not indicative of future perform ance. Current perform ance m ay be higher or low er than that show n. Net perform ance figures are calculated after fund m anagem ent fees and
expenses, and assum e reinvestm ent of distributions. Gross perform ance figures are calculated gross of ongoing fees and expenses.

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