Dynamic iShares Active U.S. Mid-Cap ETF

NAV as of Apr 18, 2019 CAD 24.92
52 WK: 21.01 - 25.30
1 Day NAV Change as of Apr 18, 2019 0.13 (0.51%)
NAV Total Return as of Apr 19, 2019 YTD: 12.92% YTD (year to date) is a period, starting from the beginning of the current calendar year, and continuing up to the prior day's close.

Overview

Dynamic iShares Active ETFs

Dynamic Funds and BlackRock Asset Management Canada Limited have joined forces to bring together the strength of both firms’ capabilities and deliver active ETFs. This new product suite combines high-conviction portfolio management with proven operational expertise.

Dynamic iShares

Why DXZ?

1. An actively managed portfolio of mid-capitalization companies based in the U.S.

2. Seeks to invest in high-quality companies with attractive free cash flows and growth.

3. Access to Dynamic’s Equity Income team and their QUARP®6 process.

INVESTMENT OBJECTIVE

Invests primarily in equity securities of U.S.-based companies with mid-capitalization. Exposure to these types of equity securities will be obtained indirectly by investing in Dynamic Active U.S. Mid-Cap Fund.

Overview

Tom Dicker

Tom Dicker CFA¹

Vice President & Portfolio Manager
1832 Asset Management L.P.

Steven Hall

Steven Hall CFA¹

Portfolio Manager
1832 Asset Management L.P.

¹Manager of the Dynamic Active U.S. Mid-Cap Fund.

Portfolio Managers

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Performance

Returns

Average Annual
Cumulative
Calendar Year

	1y	3y	5y	10y	Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	9.83	-	-	-	15.16
Benchmark (%) Index: S&P MidCap 400 Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.	6.31	-	-	-	12.32

Missing average annual returns data

	YTD	1m	3m	6m	1y	3y	5y	10y	Incept.
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	12.07	2.96	12.07	3.42	9.83	-	-	-	23.97
Benchmark (%) Index: S&P MidCap 400 Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.	11.99	0.86	11.99	-2.12	6.31	-	-	-	19.34

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	2014	2015	2016	2017	2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.	-	-	-	-	-1.16
Benchmark (%) Index: S&P MidCap 400 Index	-	-	-	-	-3.08

Missing calendar year returns data

Growth of Hypothetical $10,000 The above results are hypothetical and are intended for illustrative purposes only. The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses, were deducted. As a result of the risks and limitations inherent in hypothetical performance data, hypothetical results may differ from actual performance. <br/><br/>Unlike an actual performance record, simulated results do not represent actual performance and are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. There are frequently differences between simulated performance results and the actual results subsequently achieved by any particular fund. In addition, since trades have not actually been executed, simulated results cannot account for the impact of certain market risks such as lack of liquidity. There are numerous other factors related to the markets in general or the implementation of any specific investment strategy, which cannot be fully accounted for the in the preparation of simulated results and all of which can adversely affect actual results.

Performance chart data not available for display.

Growth of Hypothetical CAD10,000
Historical NAVs

Dynamic iShares Active U.S. Mid-Cap ETF (CAD)

The above results are hypothetical and are intended for illustrative purposes only. The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses, were deducted. As a result of the risks and limitations inherent in hypothetical performance data, hypothetical results may differ from actual performance.

Unlike an actual performance record, simulated results do not represent actual performance and are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. There are frequently differences between simulated performance results and the actual results subsequently achieved by any particular fund. In addition, since trades have not actually been executed, simulated results cannot account for the impact of certain market risks such as lack of liquidity. There are numerous other factors related to the markets in general or the implementation of any specific investment strategy, which cannot be fully accounted for the in the preparation of simulated results and all of which can adversely affect actual results.

Historical NAVs

Historical Prices

Distributions

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Recent
Calendar Year

Chart
Table

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Ex-Date	Payable Date	Cash Amount	Total Distribution	Reinvested

Table
Chart

Year	Total Distribution per Unit for Tax Purposes	Eligible Dividends	Non Eligible Dividends	Other Income	Capital Gains	Return of Capital	Interest Income	Foreign Income	Foreign Tax Paid

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All amounts given in Canadian dollars.

At least once each year, the Fund will distribute all net taxable income to investors. These distributions will either be paid in cash or reinvested in the Fund, as may be determined by BlackRock Asset Management Canada Limited from time to time. These distributions will consist primarily of distributions received from the securities held within the Fund less Fund expenses, plus any realized capital gains generated from securities transactions within the Fund.

The amounts of past distributions are shown below. The characterization of distributions for tax purposes (such as dividends, other income, capital gains etc.) for each period will be reported only after the Fund's tax year end. Therefore, the chart below showing the tax characteristics will be updated only once each tax year. For tax purposes, these amounts will be reported by brokers on official tax statements.

DRIP/PACC

DRIP

Date	DRIP

Key Facts

Net Assets as of Apr 18, 2019 CAD 5,607,841

Inception Date Inception date is the date of the first subscription for units of the fund and the first calculation of net asset value per unit. Sep 22, 2017

Exchange Toronto Stock Exchange

Asset Class Equity

Fiscal Year End Dec 31, 2018

Units Outstanding 225,000

Number of Holdings as of Mar 29, 2019 41

CUSIP 26802A102

Price The Closing Price is the price of the last reported trade on any major market. as of Apr 11, 2019 25.00

Options Available No

Portfolio Characteristics

Investment Program* BlackRock Canada offers these programs through the fund's transfer agent. Participation by individual brokerage can vary. DRIP

Eligible for Registered Plans Yes

Distribution Frequency How often a distribution is paid by the fund. The most common distribution frequencies are annually, biannually and quarterly. Annual

Last Distribution per Share as of Dec 20, 2018 1.19

DRIP Price as of - -

Distribution Yield The annual yield an investor would receive if the most recent fund distribution stayed the same going forward. The yield represents a single distribution from the fund and does not represent the total return of the fund. The yield is calculated by annualizing the most recent distribution and dividing by the fund NAV from the as-of date. This figure is net of management fees and other fund expenses. as of Apr 18, 2019 0.11%

12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-month trailing yield is calculated by summing any income distributions over the past twelve months and dividing by the fund NAV from the as-of date. This figure is net of management fees and other fund expenses. as of Apr 18, 2019 0.11%

*DRIP/PACC/SWP Investment Programs

Fees

Management Fee The annual fee payable by the fund and/or any underlying ETF(s) to BlackRock Canada and/or its affiliates for acting as trustee and/or manager of the fund/ETF(s).	0.75%
Management Expense Ratio (MER) As reported in the fund's most recent Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, and includes any fees paid in respect of the fund's holdings of other ETFs.	0.87

Risk Rating

Risk Rating All investments involve risk. The value of the fund can go down as well as up and you could lose money. BlackRock Canada has rated the risk of this fund based on the historical volatility of the fund’s returns using industry standard risk rating guidelines. For more information about the specific risks of this fund and its risk rating, see the fund’s prospectus, including the disclosure under the headings "Risk Factors" and "Risk Ratings of the iShares Funds".

Low

Low to Medium

Medium

Medium to High

High

Holdings

Top 10 Holdings

Ticker	Name	Sector	Country of Risk	Shares	Market Value	Weight (%)	Price	Exchange	Notional Value

Holdings are subject to change.

Exposure Breakdowns

Sector

as of Mar 29, 2019

% of Market Value

Type	Fund

Show All Show Fewer

Allocations are subject to change.

Literature

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Important Information

Index history does not represent trades that have actually been executed and therefore may under or over compensate for the impact, if any, of certain market factors, such as illiquidity. No representation is being made that an actual investment in accordance with the above will or is likely to achieve profits or losses similar to the index history. Indexes are unmanaged and do not reflect the payment of transaction costs, advisory fees or expenses that are associated with an investment in an investable product. An index’s performance is not illustrative of an investable product’s performance. Indexes are not securities in which direct investments can be made.

Important information about the iShares® Funds

iShares® ETFs are managed by BlackRock Asset Management Canada Limited. Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or operational charges or income taxes payable by any securityholder that would have reduced returns. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.

Index returns are denominated in Canadian Dollars for all funds, except XIG and XHY. For XIG and XHY, index returns shown are denominated in U.S. Dollars. Fund returns are denominated in Canadian Dollars for all iShares ETFs.

Although BlackRock Asset Management Canada Limited (together with its affiliates, “BlackRock”) shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided “as is” and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.

iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used with permission.

Why DXZ?

INVESTMENT OBJECTIVE

Performance

Performance

Returns

Distributions

DRIP/PACC

Key Facts

Key Facts

Portfolio Characteristics

Portfolio Characteristics

Fees

Fees

Risk Rating

Holdings

Holdings

Exposure Breakdowns

Exposure Breakdowns

Literature

Literature

Important Information