BlackRock® Canada Announces Changes in Indices of the iShares 0-5 Year TIPS Bond Index ETF and the iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)
December 16 2022 - 5:04PM
BlackRock Asset Management Canada Limited (“
BlackRock
Canada”), an indirect, wholly-owned subsidiary of
BlackRock, Inc. (“
BlackRock”) (NYSE:BLK) today
announces that effective on or about January 31, 2023, the indices
that the iShares 0-5 Year TIPS Bond Index ETF and iShares 0-5 Year
TIPS Bond Index ETF (CAD-Hedged) (the “
iShares
ETFs”) seek to replicate will change as follows:
iShares ETF |
Current Index |
New Index |
iShares 0-5 Year TIPS Bond Index ETF (XSTP/ XSTP.U) |
Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5
Years Index (Series-L) |
ICE U.S. Treasury 0-5 Year Inflation Linked Bond Index |
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH) |
Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5
Years Index (Series-L) (CAD-Hedged) |
ICE U.S. Treasury 0-5 Year Inflation Linked Bond Index
(CAD-Hedged) |
Each Current Index and New Index seeks to
provide exposure to inflation-protected public obligations of the
U.S. Treasury, commonly known as “TIPS,” that have a remaining
maturity of (a) in the case of each Current Index, less than five
years, and (b) in the case of each New Index, less than or equal to
five years. Each Current Index and New Index is weighted by market
capitalization and is rebalanced monthly. As of November 30, 2022,
each Current Index and its corresponding New Index share the same
index constituents. The index provider for each Current Index is
Bloomberg Index Services Limited and the index provider for each
New Index is ICE Data Indices, LLC.
Currently, the iShares ETFs obtain their
investment exposure by investing in the iShares 0-5 Year TIPS Bond
ETF (“STIP”), a U.S.-listed index ETF. This change
is being made as a result of the announcement by STIP that
beginning on or around January 31, 2023, it will seek to track a
new index, the ICE U.S. Treasury 0-5 Year Inflation Linked Bond
Index, and will cease to track the Bloomberg U.S. Treasury
Inflation-Protected Securities (TIPS) 0-5 Years Index
(Series-L).
For more information about the iShares ETFs,
please visit www.blackrock.com/ca.
About BlackRock
BlackRock’s purpose is to help more and more
people experience financial well-being. As a fiduciary to investors
and a leading provider of financial technology, we help millions of
people build savings that serve them throughout their lives by
making investing easier and more affordable. For additional
information on BlackRock, please
visit www.blackrock.com/corporate.
About iShares
iShares unlocks opportunity across markets to
meet the evolving needs of investors. With more than twenty years
of experience, a global line-up of 900+ exchange-traded funds
(ETFs) and US$2.62 trillion in assets under management as of
September 30, 2022, iShares continues to drive progress for the
financial industry. iShares funds are powered by the expert
portfolio and risk management of BlackRock.
iShares® ETFs are managed by BlackRock Asset
Management Canada Limited.
Commissions, trailing commissions, management
fees and expenses all may be associated with investing in iShares
ETFs. Please read the relevant prospectus before investing. The
funds are not guaranteed, their values change frequently and past
performance may not be repeated. Tax, investment and all other
decisions should be made, as appropriate, only with guidance from a
qualified professional.
“BLOOMBERG®” and each Current Index are service
marks of Bloomberg Finance L.P. and its affiliates, including
Bloomberg Index Services Limited, the administrator of each Current
Index (collectively, “Bloomberg”) and have been
licensed or sublicensed for use for certain purposes by BlackRock.
Bloomberg is not affiliated with BlackRock, and Bloomberg does not
approve, endorse, review, or recommend the iShares ETFs. Bloomberg
does not guarantee the timeliness, accuracy, or completeness of any
data or information relating to the iShares ETF.
The iShares ETFs are not sponsored, endorsed,
sold or promoted by ICE Data Indices, LLC, nor does this company
make any representation regarding the advisability of investing in
the iShares ETFs. BlackRock is not affiliated with ICE Data
Indices, LLC.
Contact for Media: Reem Jazar
Email: reem.jazar@blackrock.com
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