iShares Flexible Monthly Income ETF is an exchange traded fund launched and managed by BlackRock Asset Management Canada Limited. The fund is co-managed by BlackRock Institutional Trust Company, National Association. It invests in fixed income markets of global region. The fund invests directly and through other funds in high yield securities, obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities, mortgage-backed securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, municipal securities, securitized assets such as asset-backed securities, dollar denominated and non-dollar-denominated debt obligations and money market securities. It invests in securities with varying maturities. The fund seeks to benchmark the performance of its portfolio against the ICE BofA 1-5 Year US High Yield Constrained Index. iShares Flexible Monthly Income ETF is domiciled in Canada.