BlackRock Funds I ICAV - BlackRock Advantage Europe ex UK Equity Fund X EUR Acc

The investment objective of the Fund (for the purposes of this section) is to achieve long-term capital growth. In order to achieve its investment objective, the Fund invests at least 70% of its Net Asset Value in the equity and equityrelated instruments (namely, total return swaps and futures as further described below) of companies domiciled in, listed in, or the main business of which is in, Europe (not including the UK, though there may be exposure to the UK through holding European issued securities of firms with group interests within the UK). These instruments will be listed or traded on the Regulated Markets set out in Appendix E. The Fund does not have any specific industry focus.