The fund aims for long-term capital growth and income by holding a portfolio of iShares ETFs that provide exposure to global equity and fixed income securities. These ETFs employ a broad spectrum of ESG-oriented investment strategies, or primarily invest in government bonds. Holding non-ESG iShares ETFs is also possible provided that doing so does not materially worsen the fund’s ESG attributes and is still consistent with its objective. Target allocation is approximately 60% equity and 40% fixed income, but GBAL can also invest across multiple asset classes, including commodities. Additionally, the fund is also permitted, but not required, to hedge some or large portion of its exposure to USD or other foreign currencies back to the Canadian dollar. The fund’s currency hedging strategy and allocation of exposure among asset classes are determined at the sole discretion of BlackRock Canada and/or BTC. GBAL portfolio is generally rebalanced at least annually.