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iShares USD Floating Rate Bond UCITS ETF

(Cboe: FRMXNx)

The investment objective of the Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Bloomberg Barclays US Floating Rate Note < 5 Years Index, the Fund's benchmark index.

The Bloomberg Barclays US Floating Rate Note < 5 Years Index measures the performance of US Dollar denominated, globally issued, investment grade, floating rate bonds across the corporate and government-related sectors that have a remaining maturity of greater than or equal to one month and less than five years. Currently, the bonds eligible for inclusion in the Benchmark Index include US Dollar denominated bonds that: (i) are SEC registered securities, bonds exempt from registration at time of issuance, or SEC Rule 144A securities with or without registration rights; (ii) are rated investment grade, taking the middle rating given by Fitch, Moody's and Standard & Poor's Ratings Services (or, in the absence of such explicit bond ratings, using other sources, such as the index provider's internal ratings); (iii) have at least US$300 million outstanding per individual bond; and (iv) have a remaining maturity of greater than or equal to one month but less than five years.

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