| Investment Objective: |
iShares Infrastructure Active ETF invests in the equity securities of infrastructure-related companies or derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities. For purposes of the 80% policy the Fund considers "infrastructure-related companies" to include companies engaged in the development, operation, and/or management of transportation infrastructure, oil and gas storage and transportation, construction and engineering, communications equipment, gas utilities, electric utilities, multi-utilities, water utilities, independent power and renewable electricity producers, telecommunication services, cable and satellites, marine, road and rail, and equity real estate investments, as identified by one or more widely recognized market indexes or rating group indexes. The equity securities in which the Fund invests primarily consist of common stock, but may also include preferred stock. From time to time, the Fund may invest in shares of companies through "new issues" or initial public offerings ("IPOs"). The Fund may also purchase convertible securities. The Fund may invest in issuers of any capitalization. |
