| Investment Objective: |
iShares Large Cap Accelerated Outcome ETF seeks to provide approximately twice the positive share price return of the iShares Core S&P 500 ETF (the "Underlying Fund"), up to an approximate upside limit, while seeking to approximately track the negative share price return of the Underlying Fund, over each full calendar quarter. The Outcomes sought by the Fund are Approximately twice the share price return of the Underlying Fund (the "Accelerated Return"), up to an approximate upside limit (the "Approximate Cap"), and Downside performance that approximately tracks, one for one, the negative share price return of the Underlying Fund. The Fund principally buys shares of the Underlying Fund and customized call options thereon and sells call options that reference the Underlying Fund. The options in which the Fund transacts (typically, equity or index exchange-traded options contracts) are referred to generally as Flexible Exchange Options ("FLEX Options"). The Fund may transact in other exchange- traded options that reference the price performance of the Underlying Fund, the Underlying Fund's Index or other ETFs that track the Underlying Fund's Index. |
