INRO – iShares U.S. Industry Rotation Act ETF – ETF Investment Strategy

Strategy

The investment seeks long-term capital appreciation. Under normal circumstances, the fund seeks to invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in U.S.‑listed equity securities and derivatives that have similar economic characteristics to such securities. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
INRO	iShares U.S. Industry Rotation Active ETF	ETF	Open	—		Mar 26, 2024	$542.64M	0.420%	—	—	$501.80M

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iShares U.S. Industry Rotation Active ETF INRO Strategy

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