iShares Core Balanced ETF Portfolio

The investment objective of the Fund is to provide long-term capital growth and income, net of expenses. Under normal market conditions, the Fund will primarily invest in one or more exchange-traded funds managed by BlackRock Canada or an affiliate that provide exposure to equity or fixed income securities. To achieve its investment objective the iShares ETFs in which the Fund invests are generally expected to employ indexing strategies that provide exposure to broadbased equity and fixed income markets. The Fund is managed in accordance with a long-term strategic asset allocation of approximately 60 Percentage equity exposure and approximately 40 Pcercentage fixed income exposure.