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XFLX

iShares Flexible Monthly Income ETF (CAD-Hedged)

NAV as of Sep 26, 2024 CAD 40.00
52 WK: 40.00 - 40.00

Overview

Why XFLX?

1. Income: nimble multisector approach that seeks to maximize income, while deliberately diversifying risk across the global opportunity set.

2. Access: reach harder-to-access fixed income sectors through an experienced investment team* led by Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, combining macro analysis, insights from BlackRock’s sector specialist teams, and oversight from dedicated risk managers.

3. Complementary: an actively managed fixed income solution, unconstrained by traditional benchmarks, that pairs well with a core bond allocation.

*This investment team is responsible for the investment activities of the ETF in which XFLX invests.

INVESTMENT OBJECTIVE

The ETF seeks to maximize long-term income by primarily investing in debt and income-producing securities with a secondary objective of capital appreciation. The ETF seeks to hedge any resulting U.S. dollar currency exposure, as applicable, back to Canadian dollars.
This exposure is also available unhedged in XFLI.

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Performance

Distributions

This fund does not have any distributions.

Recent
Calendar Year

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Table

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

Tax Distribution Characteristics: link

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Table

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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

DRIP

Date	DRIP

Returns

Returns not available as there is less than one year’s performance data.

Key Facts

Net Assets

as of Sep 26, 2024

CAD 1,000,000

Exchange

-

Units Outstanding

as of Sep 26, 2024

25,000

Number of Underlying Holdings

-

Number of Holdings

-

Inception Date

Sep 26, 2024

Asset Class

Fixed Income

CUSIP

46438Y100

Price

-

Portfolio Characteristics

Investment Program*

DRIP

Distribution Frequency

Monthly

DRIP Price

as of -

-

Weighted Avg Maturity

as of Sep 25, 2024

0.00 yrs

Eligible for Registered Plans

Yes

Last Distribution per Share

as of -

-

Weighted Avg YTM

as of Sep 25, 2024

0.00%

Effective Duration

as of Sep 25, 2024

0.00 yrs

* DRIP/PACC/SWP Investment Programs

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

Management Fee	0.55%
Management Expense Ratio (MER)	-

Risk Indicator

Low

Low to Medium

Medium

Medium to High

High

Holdings

Missing Issuers data

Sorry, top holdings are not available at this time.

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

Sorry, sectors are not available at this time.

Sorry, countries/regions are not available at this time.

Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.

Sorry, maturities are not available at this time.

Sorry, ratings are not available at this time.

Allocations are subject to change.

PORTFOLIO MANAGERS

Chief Investment Officer of Global Fixed Income

Rick Rieder, Senior Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business and Head of the Global Allocation Investment Team.

Responsible for roughly $2.4 trillion in assets, Mr. Rieder is a member of BlackRock’s Global Executive Committee (GEC) and its GEC Investment Sub-Committee. He also is Chairman of the firm-wide BlackRock Investment Council.

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014 and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013. Four of the funds Mr. Rieder manages (Strategic Income Opportunities, Fixed Income Global Opportunities, Total Return, and Strategic Global Bond) have been awarded Gold Medals by Morningstar.

Mr. Rieder has served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. From 1987 to 2008, he was with Lehman Brothers where he was head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Goizueta Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the Goizueta Business School's BBA investment fund and community financial literacy outreach program, Graduation Generation. Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, NJ. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation in Atlanta, and Trustee for the U.S. Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.