iShares Floating Rate Bond ETF (FLOT)

The Fund seeks to track the investment results of the Bloomberg US Floating Rate Note < 5 Years Index (the “Underlying Index”) before fees and expenses of the Fund.

The fund aims to track the Bloomberg US Floating Rate Note <5 Years Index. To do so, it will invest at least 90% of its assets in fixed income securities of the types in the Underlying Index. Up to 10% may be invested in futures, options, and swaps contracts, or other fixed income securities not in the Underlying Index, but believed to help track the index. Cash and cash equivalents associated with derivatives will be counted as part of that derivative position when calculating the percentage invested in the Underlying Index. The fund seeks to track the index's performance before fees and expenses. The fund may also lend securities up to one-third of its value.