Fixed Income

XIG

iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged)

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.
2.40 -3.39 0.50 1.90 3.40
Benchmark (%) 2.97 -3.05 0.87 2.36 3.88
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.06 1.47 -1.06 8.37 2.40 -9.84 2.53 20.68 60.82
Benchmark (%) -0.88 1.54 -0.88 8.45 2.97 -8.87 4.40 26.25 71.67
  2019 2020 2021 2022 2023
Total Return (%) 15.97 9.74 -1.99 -18.63 7.99
Benchmark (%) 16.27 10.42 -1.53 -18.48 8.25

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Key Facts

Key Facts

Net Assets as of Apr 19, 2024 CAD 266,707,249
Inception Date Jan 21, 2010
Exchange Toronto Stock Exchange
Asset Class Fixed Income
Benchmark Index Markit iBoxx USD Liquid Investment Grade Total Return Index hedged in CAD
Units Outstanding as of Apr 19, 2024 13,750,000
CUSIP 46429Q108
Number of Underlying Holdings as of Apr 18, 2024 2764
Price as of Apr 19, 2024 19.40
Number of Holdings as of Apr 18, 2024 1

Portfolio Characteristics

Portfolio Characteristics

Investment Program* DRIP
12m Trailing Yield as of Apr 18, 2024 4.37%
Eligible for Registered Plans Yes
Distribution Frequency Monthly
Last Distribution per Share as of Apr 18, 2024 0.07
DRIP Price as of Mar 22, 2024 19.87
Distribution Yield as of Apr 18, 2024 4.52%
Weighted Avg YTM as of Apr 18, 2024 5.85%
Weighted Avg Maturity as of Apr 18, 2024 13.24 yrs
Effective Duration as of Apr 18, 2024 8.35 yrs

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Mar 21, 2024 A
MSCI ESG % Coverage as of Mar 21, 2024 99.51
MSCI ESG Quality Score (0-10) as of Mar 21, 2024 6.58
MSCI ESG Quality Score - Peer Percentile as of Mar 21, 2024 60.00
Fund Lipper Global Classification as of Mar 21, 2024 Bond USD Corporates
Funds in Peer Group as of Mar 21, 2024 290
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Mar 21, 2024 141.86
MSCI Weighted Average Carbon Intensity % Coverage as of Mar 21, 2024 97.46
MSCI Implied Temperature Rise (0-3.0+ °C) as of Mar 21, 2024 > 2.5° - 3.0° C
MSCI Implied Temperature Rise % Coverage as of Mar 21, 2024 93.68
View historical Sustainability Characteristics

What is the Implied Temperature Rise (ITR) metric? Learn what the metric means, how it is calculated, and about the assumptions and limitations for this forward-looking climate-related metric.

To address climate change, many of the world's major countries have signed the Paris Agreement. The temperature goal of the Paris Agreement is to limit global warming to well below 2°C above pre-industrial levels, and ideally 1.5 °C, which will help us avoid the most severe impacts of climate change.


What is the ITR metric?

The ITR metric is used to provide an indication of alignment to the temperature goal of the Paris Agreement for a company or a portfolio. ITR employs open source 1.55° C decarbonization pathways derived from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). These pathways can be regional and sector specific and set a net zero target of 2050, in line with GFANZ (Glasgow Financial Alliance for Net Zero) industry standards. We make use of this feature for all GHG scopes. This enhanced ITR model was implemented by MSCI on February 19, 2024.


How is the ITR metric calculated?

The ITR metric is calculated by looking at the current emissions intensity of companies within the fund's portfolio as well as the potential for those companies to reduce its emissions over time. If emissions in the global economy followed the same trend as the emissions of companies within the fund's portfolio, global temperatures would ultimately rise within this band.


Note, only corporate issuers are covered within the calculation. A summary explanation of MSCI’s methodology and assumptions for its ITR metric can be found here.


Because the ITR metric is calculated in part by co