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The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Target Risk Conservative Index. The fund is a fund of funds and seeks its investment objective by investing primarily in the securities of other iShares Funds. The underlying index measures the performance of Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies ("S&P") proprietary allocation model, which is intended to represent a "conservative" target risk allocation strategy as defined by S&P. The fund generally invests at least 90% of its assets in securities of the underlying index.