Fixed Income

XSTP

iShares 0-5 Year TIPS Bond Index ETF

  • NAV as of Dec 1, 2023 CAD 40.07
    52 WK: 38.80 - 41.19
  • 1 Day NAV Change as of Dec 1, 2023 -0.03 (-0.07%)
  • NAV Total Return as of Nov 30, 2023 YTD: 3.52%

Overview

Why XSTP?

1. Exposure to short-term U.S. TIPS, which are government bonds whose face value and coupon rise with inflation

2. Seek to protect against near-term inflation

INVESTMENT OBJECTIVE

The ETF seeks to provide income by replicating, to the extent possible, the performance of an index composed of inflation-indexed U.S. Treasury bonds with remaining maturities of less than five years, net of expenses. The current index for the ETF is the ICE US Treasury 0-5 Year Inflation Linked Bond Index.

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Performance

Performance

Growth of Hypothetical $10,000

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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.

Distributions

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Ex-Date Payable Date Record Date Cash Amount Total Distribution Reinvested

Tax Distribution Characteristics: link

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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

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

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Date DRIP
  1y 3y 5y 10y Incept.
Total Return (%) 3.12 - - - 4.61
Benchmark (%) 3.19 - - - 4.72
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 3.52 -1.26 1.46 1.39 3.12 - - - 11.42
Benchmark (%) 3.45 -1.31 1.47 1.41 3.19 - - - 11.70
  2018 2019 2020 2021 2022
Total Return (%) - - - - 3.92
Benchmark (%) - - - - 4.33

On January 31, 2023, the ETF’s index changed from the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L) to the ICE US Treasury 0-5 Year Inflation Linked Bond Index. Consequently, the performance prior to January 31, 2023 may have been different that it would have been if this change to the ETF had been in place during the applicable performance measurement periods set out above.

Key Facts

Key Facts

Net Assets as of Dec 1, 2023 CAD 66,515,403
Inception Date Jul 6, 2021
Exchange Toronto Stock Exchange
Asset Class Fixed Income
Benchmark Index ICE U.S. Treasury Inflation Linked Bond Index 0-5 Years CAD Index
Units Outstanding as of Dec 1, 2023 1,660,000
CUSIP 46438L108
Number of Underlying Holdings as of Nov 30, 2023 25
Price as of Dec 1, 2023 40.01
Number of Holdings as of Nov 30, 2023 1

Portfolio Characteristics

Portfolio Characteristics

Investment Program* DRIP
12m Trailing Yield as of Nov 30, 2023 2.87%
Eligible for Registered Plans Yes
Distribution Frequency Monthly
Last Distribution per Share as of Nov 15, 2023 0.15
DRIP Price as of Oct 25, 2023 40.85
Distribution Yield as of Nov 30, 2023 4.61%
Real Yield as of Nov 30, 2023 2.90
Weighted Avg YTM as of Nov 30, 2023 4.65%
Weighted Avg Coupon as of Nov 30, 2023 5.35%
Weighted Avg Maturity as of Nov 30, 2023 2.46 yrs
Effective Duration as of Nov 30, 2023 2.37 yrs

* DRIP/PACC/SWP Investment Programs

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

Ratings

Fees

Fees

Management Fee 0.15%
Management Expense Ratio (MER) 0.16%

Risk Indicator

Risk Indicator

Low
Low to Medium
Medium
Medium to High
High

Holdings

Holdings

as of Nov 30, 2023
Issuer Weight (%)
UNITED STATES TREASURY 99.68
as of Nov 30, 2023
Ticker Name Sector Market Value Weight (%) Notional Value
Ticker Name Sector Weight (%) Notional Value ISIN Location of Risk Exchange Currency FX Rate
Ticker Name Sector Weight (%) Notional Value ISIN Location of Risk Exchange Currency FX Rate
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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