LQDI — iShares Inflation Hedged Corporate Bond ETF ☆

The investment seeks to mitigate the inflation risk of a portfolio composed of U.S. dollar-denominated, investment-grade corporate bonds. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in the underlying fund, U.S. dollar-denominated investment-grade corporate bonds, in one or more other underlying funds that principally invest in investment-grade corporate bonds, and in inflation swaps. The advisor intends to invest a substantial portion of its assets in the underlying fund. The fund is non-diversified.