Fixed Income

XFR

iShares Floating Rate Index ETF

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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DRIP/PACC

  1y 3y 5y 10y Incept.
0.49 1.26 1.27 - 1.25
Benchmark (%) 0.69 1.49 1.51 - 1.46
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.09 0.03 0.05 0.09 0.49 3.84 6.53 - 12.62
Benchmark (%) 0.20 0.04 0.10 0.20 0.69 4.54 7.77 - 14.91
  2016 2017 2018 2019 2020
Total Return (%) 1.02 1.37 1.41 1.99 1.00
Benchmark (%) 1.30 1.63 1.65 2.23 1.21

Key Facts

Key Facts

Net Assets as of Jul 30, 2021 CAD 242,972,842
Inception Date Dec 6, 2011
Exchange Toronto Stock Exchange
Asset Class Fixed Income
Benchmark Index FTSE Canada Floating Rate Note Index™
Index Provider FTSE Global Debt Capital Markets Inc.
Units Outstanding as of Jul 30, 2021 12,100,000
Number of Holdings as of Jul 30, 2021 23
CUSIP 46432B106
Price as of Jul 30, 2021 20.09
Options Available No

Portfolio Characteristics

Portfolio Characteristics

Investment Program* DRIP
Eligible for Registered Plans Yes
Distribution Frequency Monthly
Last Distribution per Share as of Jul 20, 2021 0.01
DRIP Price as of Oct 26, 2020 20.12
Distribution Yield as of Jul 29, 2021 0.30%
Weighted Avg YTM as of Jul 30, 2021 0.24%
12m Trailing Yield as of Jul 29, 2021 0.44%
Weighted Avg Coupon as of Jul 30, 2021 0.49
Effective Duration as of Jul 30, 2021 0.14 yrs
Weighted Avg Maturity as of Jul 30, 2021 2.24 yrs

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Jul 7, 2021 A
MSCI ESG Quality Score (0-10) as of Jul 7, 2021 6.30
MSCI ESG Quality Score - Peer Percentile as of Jul 7, 2021 9.30
MSCI ESG % Coverage as of Jul 7, 2021 100.00
Fund Lipper Global Classification as of Jul 7, 2021 Bond CAD Short Term
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jul 7, 2021 3.55
Funds in Peer Group as of Jul 7, 2021 86
All data is from MSCI ESG Fund Ratings as of Jul 7, 2021, based on holdings as of May 31, 2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Jul 30, 2021 0.00%
MSCI - UN Global Compact Violators as of Jul 30, 2021 0.00%
MSCI - Nuclear Weapons as of Jul 30, 2021 0.00%
MSCI - Thermal Coal as of Jul 30, 2021 0.00%
MSCI - Civilian Firearms as of Jul 30, 2021 0.00%
MSCI - Oil Sands as of Jul 30, 2021 0.00%
MSCI - Tobacco as of Jul 30, 2021 0.00%

Business Involvement Coverage as of Jul 30, 2021 81.18%
Percentage of Fund not covered as of Jul 30, 2021 18.82%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Fees

Fees

Management Fee 0.20%
Management Expense Ratio (MER) 0.23%

Risk Indicator

Risk Indicator

Low
Low to Medium
Medium
Medium to High
High

Holdings

Holdings

as of Jul 30, 2021
Issuer Weight (%)
CANADA HOUSING TRUST NO.1 73.94
ONTARIO (PROVINCE OF) 10.10
QUEBEC (PROVINCE OF) 6.54
CANADIAN IMPERIAL BANK OF COMMERCE 3.07
ROYAL BANK OF CANADA 2.24
Issuer Weight (%)
NEWFOUNDLAND AND LABRADOR (PROVINCE OF) 1.49
TORONTO-DOMINION BANK/THE 1.10
NOVA SCOTIA (PROVINCE OF) 0.64
HONDA CANADA FINANCE INC 0.62
as of Jul 30, 2021
Name Sector Location of Risk CUSIP Asset Class SEDOL Market Value Weight (%) Price Maturity Coupon (%) Currency Market Currency FX Rate Duration Notional Value YTM (%) Mod. Duration Yield to Call (%) Yield to Worst (%)
Name Asset Class Weight (%) Price Market Value Notional Value Sector SEDOL CUSIP Coupon (%) Maturity Location of Risk Currency Market Currency YTM (%) Yield to Call (%) Yield to Worst (%) Duration Mod. Duration FX Rate
Holdings are subject to change.


Exposure Breakdowns

Exposure Breakdowns

as of Jul 30, 2021

% of Market Value

Type Fund
as of Jul 30, 2021

% of Market Value

Type Fund
as of Jul 30, 2021

% of Market Value

Type Fund
Allocations are subject to change.

Literature

Literature