iShares Canadian HYBrid Corporate Bond Index ETF

The investment objective of the Fund is to provide income by replicating, to the extent possible, the performance of the FTSE Canada HYBrid Bond Index, net of expenses. Under normal market conditions, the Fund will primarily invest in Canadian fixed income securities. The Index is a modified market capitalization-weighted index that consists of Canadian-dollar denominated corporate bonds, with a remaining term to maturity of at least one year, that are rated BBB. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more exchange-traded funds managed by BlackRock Canada or an affiliate and/or through the use of derivatives, a replicating strategy or sampling strategy.