iShares International Equity Factor Rotation Active ETF IDYN Strategy

The investment seeks to outperform the investment results of international developed equity markets by providing diversified and tactical exposure to style factors via a factor rotation model. The fund invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in equity securities of issuers economically tied to countries other than the United States and derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities, based on a proprietary Factor Rotation model developed by BFA and its affiliates.