ETF Facts June 26, 2024
BlackRock Asset Management Canada Limited
iShares India Index ETF (XID)
This document contains key information you should know about iShares India Index ETF. You can find more details about this
exchange-traded fund (“ETF”) in its prospectus. Ask your representative for a copy, contact BlackRock Asset Management
Canada Limited (“BlackRock”) at 1-866-474-2737 or isharescanada_inquiries@blackrock.com, or visit www.blackrock.com/ca.
Before you invest, consider how the ETF would work with your other investments and your tolerance for risk.
Quick facts What does the ETF invest in?
Date ETF started January 21, 2010 The ETF seeks to provide long-term capital growth by replicating, to the extent possible,
Total value on
the performance of the Nifty 50 Index (the “Index”), net of expenses. Under normal
April 30, 2024
$109.8 million market conditions, the ETF will primarily invest in securities of one or more exchange-
Management
traded funds managed by BlackRock or an affiliate and/or equity securities issued by
expense ratio 1.03% issuers located in India. The Index is an equity index drawn from securities listed on the
(MER) National Stock Exchange of India (“NSE”). It includes 50 companies and represents
Fund manager BlackRock approximately 59% of the free-float market capitalization of the companies listed on the
Portfolio manager BlackRock NSE.
BlackRock The charts below give you a snapshot of the ETF’s investments on April 30, 2024. The
Sub-Advisor Institutional Trust ETF’s investments will change.
Company, N.A.
Distributions Semi-Annual Top 10 investments (April 30, 2024)**
Trading information 1. HDFC Bank Ltd. 11.5%
(12 months ending April 30, 2024) 2. Reliance Industries Ltd. 10.0%
Ticker symbol XID 3. ICICI Bank Ltd. 8.1%
4. Infosys Ltd. 5.1%
Toronto Stock
Exchange 5. Larsen & Toubro Ltd. 4.3%
Exchange
Currency Canadian dollars 6. Tata Consultancy Services Ltd. 3.9%
7. ITC Ltd. 3.9%
Average daily
7,823 units 8. Bharti Airtel Ltd. 3.5%
volume
9. Axis Bank Ltd. 3.3%
Number of days 252 out of 252
traded trading days 10. State Bank of India 3.2%
Total percentage of top 10 investments 56.8%
Pricing information Total number of investments 51
(12 months ending April 30, 2024)
Market price $43.30-$53.12 Investment mix (April 30, 2024)**
Net asset value Sector/Investment Type
$43.51-$53.06
(NAV) Financials 34.3%
Average bid-ask Energy 12.7%
0.15%
spread Information Technology 12.3%
Consumer Discretionary 9.3%
Consumer Staples 8.0%
Materials 6.5%
Industrials 6.0%
Other 13.5%
Cash* 0.0%
Other assets, less liabilities -2.6%
* Rounded to less than 0.1%.
** Through its investment in iShares India 50 ETF (“INDY”), expressed as a percentage of the total net asset value of INDY.
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iShares India Index ETF
How risky is it?
The value of the ETF can go down as well as up. You could lose money.
One way to gauge risk is to look at how much an ETF’s returns change over time. This is called “volatility”.
In general, ETFs with higher volatility will have returns that change more over time. They typically have a greater chance of
losing money and may have a greater chance of higher returns. ETFs with lower volatility tend to have returns that change less
over time. They typically have lower returns and may have a lower chance of losing money.
Risk Rating
BlackRock has rated the volatility of this ETF as “Medium to
High”. Low Low to Medium Medium Medium to High High
This rating is based on how much the ETF’s returns have
changed from year to year. It doesn’t tell you how volatile the For more information about the risk rating and specific risks
ETF will be in the future. The rating can change over time. An that can affect the ETF’s returns, see the Risk Factors section
ETF with a low risk rating can still lose money. of the ETF’s prospectus.
No guarantees
ETFs do not have any guarantees. You may not get back the amount of money you invest.
How has the ETF performed?
This section tells you how units of the ETF have performed over the past 10 years. Returns1 after expenses have been
deducted. These expenses reduce the ETF’s returns. This means that the ETF’s returns may not match the returns of the Index.
Year-by-year returns Best and worst 3-month returns
This chart shows how units of the ETF performed in each of This table shows the best and worst returns for units of the
the past 10 years. The ETF dropped in value in 2 of the last ETF in a 3-month period over the past 10 years. The best and
10 years. The range of returns and change from year to year worst 3-month returns could be higher or lower in the future.
can help you assess how risky the ETF has been in the past. Consider how much of a loss you could afford to take in a
It does not tell you how the ETF will perform in the future. short period of time.
50
If you invested $1,000 at
40 39.1 Return 3 months the beginning of the
ending period
30 27.0
Your investment would rise
20 Best return 18.54% April 30, 2017
%
17.3 to $1,185
13.6
10 9.4 8.0 March 31, Your investment would drop
4.1 4.2 Worst return -27.09%
2020 to $729
0
-2.6 -0.6
-10 Average return
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
The annual compounded return of the ETF was 10.77% over
the past 10 years. A $1,000 investment in the ETF 10 years
ago would now be worth $2,781.
1 Returns are calculated using the ETF’s net asset value (NAV).
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iShares India Index ETF
Trading ETFs
ETFs hold a basket of investments, like mutual funds, but trade on exchanges like stocks. Here are a few things to keep in mind
when trading ETFs:
Pricing
ETFs have two sets of prices: market price and net asset value (NAV).
MARKET PRICE NET ASSET VALUE (NAV)
• ETFs are bought and sold on exchanges at the market • Like mutual funds, ETFs have a NAV. It is calculated after
price. The market price can change throughout the trading the close of each trading day and reflects the value of an
day. Factors like supply, demand, and changes in the value ETF’s investments at that point in time.
of an ETF’s investments can affect the market price. • NAV is used to calculate financial information for reporting
• You can get price quotes any time during the trading day. purposes – like the returns shown in this document.
Quotes have two parts: bid and ask.
Orders
• The bid is the highest price a buyer is willing to pay if you
There are two main options for placing trades: market orders
want to sell your ETF units. The ask is the lowest price a
and limit orders. A market order lets you buy or sell units at
seller is willing to accept if you want to buy ETF units. The
the current market price. A limit order lets you set the price at
difference between the two is called the “bid-ask spread”.
which you are willing to buy or sell units.
• In general, a smaller bid-ask spread means the ETF is more
liquid. That means you are more likely to get the price you Timing
expect. In general, market prices of ETFs can be more volatile around
the start and end of the trading day. Consider using a limit
order or placing a trade at another time during the trading day.
Who is this ETF for? A word about tax
Investors who: In general, you’ll have to pay income tax on any money you
• Are seeking long-term capital growth. make on an ETF. How much you pay depends on the tax laws
where you live and whether or not you hold the ETF in a
• Are planning to hold the investment for the long-term.
registered plan, such as a Registered Retirement Savings
• Are seeking to include exposure to Indian large- Plan or a Tax-Free Savings Account.
capitalization stocks within their overall portfolio.
• Are comfortable with the level of risk noted above. Keep in mind that if you hold your ETF in a non-registered
account, distributions from the ETF are included in your
taxable income, whether you get them in cash or have them
reinvested.
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iShares India Index ETF
How much does it cost? What if I change my mind?
This section shows the fees and expenses you could pay to Under securities law in some provinces and territories, you
buy, own and sell units of the ETF. Fees and expenses – have the right to cancel your purchase within 48 hours after
including any trailing commissions – can vary among ETFs. you receive confirmation of the purchase.
Higher commissions can influence representatives to In some provinces and territories, you also have the right to
recommend one investment over another. Ask about other cancel a purchase, or in some jurisdictions, claim damages, if
ETFs and investments that may be suitable for you at a lower the prospectus, ETF Facts or financial statements contain a
cost. misrepresentation. You must act within the time limit set by
the securities law in your province or territory.
1. Brokerage commissions
You may have to pay a commission every time you buy and For more information, see the securities law of your province
sell units of the ETF. Commissions may vary by brokerage or territory or ask a lawyer.
firm. Some brokerage firms may offer commission-free ETFs For more information
or require a minimum purchase amount.
Contact BlackRock or your representative for a copy of the
2. ETF expenses ETF’s prospectus and other disclosure documents. These
You don’t pay these expenses directly. They affect you documents and the ETF Facts make up the ETF’s legal
because they reduce the ETF’s returns. documents.
As of December 31, 2023, the ETF’s expenses were 1.04% of BlackRock Asset Management Canada Limited
its value. This equals $10.40 for every $1,000 invested. 161 Bay Street, Suite 2500
Toronto, ON M5J 2S1
Annual rate
(as a % of the ETF’s value) Phone: 416.643.4000
Management expense ratio (MER) Toll-free: 1.866.474.2737
This is the total of the ETF’s management fee and 1.03% Email: isharescanada_inquiries@blackrock.com
Website: www.blackrock.com/ca
operating expenses.
Trading expense ratio (TER)
0.01%
These are the ETF’s trading costs.
ETF expenses 1.04%
Trailing commission
The trailing commission is an ongoing commission. It is paid
for as long as you own the ETF. It is for the services and
advice that your representative and their firm provide to you.
This ETF doesn’t have a trailing commission.
The ETF is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make
any representation or warranty, express or implied, to the owners of the ETF or any member of the public regarding the
advisability of investing in securities generally or in the ETF particularly or the ability of the Index to track general stock market
performance in India. IISL does not have any obligation to take the needs of the Blackrock Institutional Trust Company, N.A. or
the owners of the ETF into consideration in determining, composing or calculating the Index. IISL is not responsible for or has
not participated in the determination of the timing of, prices at, or quantities of the ETF to be issued or in the determination or
calculation of the equation by which the ETF is to be converted into cash. IISL has no obligation or liability in connection with
the administration, marketing or trading of the ETF. IISL does not guarantee the accuracy and/or the completeness of the Index
or any data included therein and they shall have no liability for any errors, omissions, or interruptions therein. IISL makes no
warranty, express or implied, as to results to be obtained by Blackrock Institutional Trust Company, N.A., owners of the ETF, or
any other person or entity from the use of the Index or any data included therein. IISL makes no express or implied warranties,
and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any
data included therein. Without limiting any of the foregoing, IISL expressly disclaim any and all liability for any damages or
losses arising out of or related to the Products, including any and all direct, special, punitive, indirect or consequential damages
(including lost profits), even if notified of the possibility of such damages.
© 2024 BlackRock Asset Management Canada Limited. All rights reserved. iSHARES and BLACKROCK are registered
trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used with permission.
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