Investment Objective: |
The iShares Barclays CMBS Bond Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Bloomberg U.S. CMBS (ERISA Only) Index. The index measures the performance of investment-grade commercial mortgage-backed securities, which are classes of securities that represent interests in pools of commercial mortgages. The index includes only CMBS that are Employee Retirement Income Security Act of 1974, which will deem ERISA eligible the certificates with the first priority of principal repayment, as long as certain conditions are met, including the requirement that the certificates be rated in one of the three highest rating categories by Fitch, Inc., Moody s Investors Services or Standard & Poor s. |