TSX:CLF (iShares 1-5 Year Laddered Government Bond Index ETF)

The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada 1-5 Year Laddered Government Bond Index (the Index), net of expenses. To achieve fund's objective 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. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.