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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 Moderate Index. The fund is a fund of funds and seeks its investment objective by investing primarily in the securities of other iShares Funds that themselves seek investment results corresponding to their own underlying index. The underlying index measures the performance of S&P's proprietary allocation model, which is intended to represent a "moderate" 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.