iShares Equal Weight Banc & Lifeco ETF

The investment objective of the Fund is to provide investors with a diversified, equal-weighted investment in a portfolio of common shares of the largest Canadian banks and Canadian life insurance companies. To achieve its investment objective the fund seeks to provide investors with monthly cash distributions targeted to be $0.0417 per unit approximately $0.50 per annum. Currently, the Fund pays monthly cash distributions of $0.041 per unit $0.4920 per annum. The investment strategy of the Fund is to invest in common shares of the largest Canadian banks and Canadian life insurance companies. Securities are selected for inclusion in the CEW portfolio based on the following criteria i the minimum market capitalization of such an issuer is $5 billion for banks and $1.5 billion for life insurance companies; and ii the issuer must be a Canadian bank or a Canadian life insurance company.