Fixed Income

XSAB

iShares ESG Aware Canadian Aggregate Bond 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.
1.19 -3.91 - - -0.20
Benchmark (%) 1.37 -3.72 - - -0.02
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.76 4.32 1.92 0.60 1.19 -11.27 - - -0.94
Benchmark (%) 2.93 4.31 1.97 0.68 1.37 -10.75 - - -0.09
  2018 2019 2020 2021 2022
Total Return (%) - - 8.17 -2.86 -11.38
Benchmark (%) - - 8.36 -2.60 -11.25

Effective April 21, 2020, the management fee of the ETF was reduced. The performance data shown above does not reflect this change to the ETF and such performance data would have been different if this change to the ETF had been in place during the applicable performance periods set out.

Key Facts

Key Facts

Net Assets as of Dec 1, 2023 CAD 123,929,258
Inception Date Mar 18, 2019
Exchange Toronto Stock Exchange
Asset Class Fixed Income
Benchmark Index Bloomberg MSCI Canadian Aggregate ESG Focus Index (CAD)
Units Outstanding as of Dec 1, 2023 7,000,000
CUSIP 46436P101
Price as of Dec 1, 2023 17.69
Number of Holdings as of Dec 1, 2023 542

Portfolio Characteristics

Portfolio Characteristics

Investment Program* DRIP
12m Trailing Yield as of Nov 30, 2023 2.88%
Eligible for Registered Plans Yes
Distribution Frequency Monthly
Last Distribution per Share as of Nov 15, 2023 0.04
DRIP Price as of Oct 25, 2023 16.97
Distribution Yield as of Nov 30, 2023 3.01%
Weighted Avg YTM as of Nov 30, 2023 4.34%
Weighted Avg Coupon as of Nov 30, 2023 2.91%
Weighted Avg Maturity as of Nov 30, 2023 9.84 yrs
Effective Duration as of Nov 30, 2023 7.23 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 Oct 25, 2023 AA
MSCI ESG % Coverage as of Oct 25, 2023 99.99
MSCI ESG Quality Score (0-10) as of Oct 25, 2023 7.60
MSCI ESG Quality Score - Peer Percentile as of Oct 25, 2023 97.57
Fund Lipper Global Classification as of Oct 25, 2023 Bond CAD
Funds in Peer Group as of Oct 25, 2023 329
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Oct 25, 2023 121.32
MSCI Weighted Average Carbon Intensity % Coverage as of Oct 25, 2023 34.83
View historical Sustainability Characteristics
All data is from MSCI ESG Fund Ratings as of Oct 25, 2023, based on holdings as of Sep 30, 2023. 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% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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.

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 Nov 30, 2023 0.00%
MSCI - UN Global Compact Violators as of Nov 30, 2023 0.00%
MSCI - Nuclear Weapons as of Nov 30, 2023 0.00%
MSCI - Thermal Coal as of Nov 30, 2023 0.00%
MSCI - Civilian Firearms as of Nov 30, 2023 0.00%
MSCI - Oil Sands as of Nov 30, 2023 0.15%
MSCI - Tobacco as of Nov 30, 2023 0.00%

Business Involvement Coverage as of Nov 30, 2023 34.77%
Percentage of Fund not covered as of Nov 30, 2023 65.23%
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 0.17%.

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.


Sustainability Characteristics and Business Involvement metrics are updated monthly, subject to the availability of data. Sustainability Characteristics do not evaluate the ESG-related investment objectives of, or any ESG strategies used by, a fund and are not indicative of how well ESG factors are integrated by a fund. Providers other than MSCI ESG Research may also prepare ESG ratings or scores using their own methodologies, which may be different than the methodology used by MSCI ESG Research.

Ratings

Fees

Fees

Management Fee 0.15%
Management Expense Ratio (MER) 0.17%

Risk Indicator

Risk Indicator

Low
Low to Medium
Medium
Medium to High
High

Holdings

Holdings

as of Nov 30, 2023
Issuer Weight (%)
CANADA (GOVERNMENT OF) 32.84
ONTARIO (PROVINCE OF) 12.56
QUEBEC (PROVINCE OF) 7.29
CANADA HOUSING TRUST NO.1 5.32
BRITISH COLUMBIA PROVINCE OF 3.47
Issuer Weight (%)
ALBERTA (PROVINCE OF) 2.89
HYDRO-QUEBEC 2.29
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 1.78
KFW 1.57
BANK OF NOVA SCOTIA 1.52
as of Dec 1, 2023
Ticker Name Sector Market Value Weight (%) Notional Value
Ticker Name Sector Weight (%) Notional Value ISIN Location of Risk Exchange Currency FX Rate
Holdings are subject to change.


In general, the values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based on a price provided by a third-party pricing vendor and do not reflect the impact of fair valuation, if applicable (the “vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining the Fund’s net asset value (the “valuation price”), and the calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Where a Fund invests directly or indirectly in Russian equity securities, as well as American Depositary Receipts and Global Depositary Receipts evidencing ownership of Russian equity securities and for which trading has been suspended, the calculated values for such securities are based on the Fund’s valuation price.

Exposure Breakdowns

Exposure Breakdowns

as of Nov 30, 2023

% of Market Value

Type Fund
as of Nov 30, 2023

% of Market Value

Type Fund
as of Nov 30, 2023

% of Market Value

Type Fund
Allocations are subject to change.

Literature

Literature