Fixed Income

XTLH

iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)

  • NAV as of Apr 15, 2024 CAD 33.55
    52 WK: 31.48 - 40.68
  • 1 Day NAV Change as of Apr 15, 2024 -0.54 (-1.58%)
  • NAV Total Return as of Apr 12, 2024 YTD: -8.09%

Overview

Why XTLH?

1. Broad exposure to long-term U.S. treasuries with remaining maturities greater than 20 years

 

2. An easy way to diversify a portfolio using U.S. fixed income

 

3. Can be used as a precision tool to customize a portfolio’s interest rate exposure

INVESTMENT OBJECTIVE

The ETF seeks to provide income by replicating, to the extent possible, the performance of an index that is broadly representative of U.S. Treasury bonds with remaining maturities greater than 20 years, net of expenses, and, to the extent possible, hedge any resulting U.S. dollar currency exposure back to Canadian dollars. The current index for the ETF is the ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged).
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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
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Key Facts

Key Facts

Net Assets as of Apr 15, 2024 CAD 134,544,433
Inception Date Feb 7, 2023
Exchange Toronto Stock Exchange
Asset Class Fixed Income
Benchmark Index IDC US Treasury 20+ Year Index 100% Hedged in CAD Index (CAD)
Units Outstanding as of Apr 15, 2024 4,010,000
CUSIP 45031C101
Number of Underlying Holdings as of Apr 12, 2024 42
Price as of Apr 15, 2024 33.54
Number of Holdings as of Apr 12, 2024 1

Portfolio Characteristics

Portfolio Characteristics

Investment Program* DRIP
12m Trailing Yield as of Apr 12, 2024 3.45%
Eligible for Registered Plans Yes
Distribution Frequency Monthly
Last Distribution per Share as of Mar 18, 2024 0.09
DRIP Price as of Mar 22, 2024 34.98
Distribution Yield as of Apr 12, 2024 3.17%
Weighted Avg YTM as of Apr 12, 2024 4.80%
Weighted Avg Coupon as of - -
Weighted Avg Maturity as of Apr 12, 2024 25.99 yrs
Effective Duration as of Apr 12, 2024 16.77 yrs

* DRIP/PACC/SWP Investment Programs

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 100.00
MSCI ESG Quality Score (0-10) as of Mar 21, 2024 5.86
MSCI ESG Quality Score - Peer Percentile as of Mar 21, 2024 12.21
Fund Lipper Global Classification as of Mar 21, 2024 Bond Global CAD
Funds in Peer Group as of Mar 21, 2024 131
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
MSCI Weighted Average Carbon Intensity % Coverage as of Mar 21, 2024 0.00
Funds in Peer Group MSCI ESG Quality Score - Peer Percentile MSCI ESG % Coverage MSCI ESG Fund Rating MSCI ESG Quality Score As of Date

Historical data are provided for the last 12 months to the extent available.

Effective April 24, 2023, MSCI ESG Research revised the methodology by which it calculates MSCI’s Fund ESG Ratings. Following this date, changes to the MSCI ESG Fund Rating, MSCI ESG Quality Score and any relative ranking fields relying on these ratings may have occurred as a result of this revision to the methodology. More information regarding these changes is available on MSCI’s website: Enhancements to MSCI’s Fund ESG Ratings

View historical Sustainability Characteristics
All data is from MSCI ESG Fund Ratings as of Mar 21, 2024, based on holdings as of Feb 29, 2024. 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.


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 0.18%
Management Expense Ratio (MER) 0.18%

Risk Indicator

Risk Indicator

Low
Low to Medium
Medium
Medium to High
High

Holdings

Holdings

as of Apr 12, 2024
Issuer Weight (%)
UNITED STATES TREASURY 99.39
as of Apr 15, 2024
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
Download Holdings
Holdings are subject to change. Source: BlackRock

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 Apr 12, 2024

% of Market Value

Type Fund
as of Apr 12, 2024

% of Market Value

Type Fund
as of Apr 12, 2024

% of Market Value

Type Fund
Allocations are subject to change.

Literature

Literature