BlackRock® Canada Announces Fee Reductions
11 Janeiro 2023 - 07:05PM
BlackRock Asset Management Canada Limited (“
BlackRock
Canada”), an indirect, wholly-owned subsidiary of
BlackRock, Inc. (“
BlackRock”) (NYSE: BLK) today
announced that effective on January 12, 2023, the annual management
fees of the following iShares exchange-traded funds
(“
iShares Funds”) will change as follows:
Name |
Ticker |
Current Management Fee(1) |
New Management Fee(1) |
iShares Floating Rate Index ETF |
XFR |
0.20% |
|
0.12% |
|
iShares Premium Money Market ETF |
CMR |
0.25% |
|
0.12% |
|
iShares Core S&P 500 Index ETF (CAD-Hedged) |
XSP |
0.09%(2) |
0.08%(2) |
iShares Core S&P 500 Index ETF |
XUS,XUS.U |
0.09%(2) |
0.08%(2) |
(1) As an annualized percentage of the iShares
Fund’s daily net asset value.(2) If applicable, BlackRock Canada or
an affiliate is entitled to receive a fee for acting as manager of
each iShares ETF in which this iShares Fund may invest (an
“underlying product fee” and together with the
management fee payable to BlackRock Canada, the “total
annual fee”). As the underlying product fees are embedded
in the market value of the iShares ETFs in which this iShares Fund
may invest, any underlying product fees are borne indirectly by
this iShares Fund. BlackRock Canada will adjust the management fee
payable to it by this iShares Fund to ensure that the total annual
fees paid directly or indirectly to BlackRock Canada and its
affiliates by this iShares Fund will not exceed the percentage of
the NAV set out above. The total annual fee is exclusive of HST.
Any underlying product fees borne indirectly by this iShares Fund
are calculated and accrued daily and are paid not less than
annually.
There are no changes to the investment
objectives of the iShares Funds. Current unitholders in the iShares
Funds are not required to take any actions as a result of these
changes.
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 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.
Contact for Media: Reem Jazar
Email: reem.jazar@blackrock.com
BlackRock (NYSE:BLK)
Gráfico Histórico do Ativo
De Fev 2024 até Mar 2024
BlackRock (NYSE:BLK)
Gráfico Histórico do Ativo
De Mar 2023 até Mar 2024