ETF Facts June 26, 2024
BlackRock Asset Management Canada Limited
iShares Core S&P U.S. Total Market Index
ETF (XUU.U - USD Units)
This document contains key information you should know about iShares Core S&P U.S. Total Market 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 (USD The ETF seeks to provide long-term capital growth by replicating, to the extent possible,
October 22, 2019 the performance of the S&P Total Market Index (the “Index”), net of expenses. Under
Units) started
Total value on normal market conditions, the ETF will primarily invest in securities of one or more
April 30, 2024 $2,783.8 million exchange-traded funds managed by BlackRock or an affiliate and/or U.S. equity
(CAD) securities. The Index offers broad exposure to large-, mid-, small-, and micro-capitalized
Management companies and includes all common equities listed on the NYSE (including NYSE Arca),
expense ratio 0.08% the NYSE American, the NASDAQ Global Select Market, the NASDAQ Select Market,
(MER) NASDAQ Capital Market, and CBOE (BZX BYX EDGA and EDGX). The Index is a float-
Fund manager BlackRock adjusted market capitalization weighted index.
Portfolio manager BlackRock The charts below give you a snapshot of the ETF’s investments on April 30, 2024. The
BlackRock ETF’s investments will change.
Sub-Advisor Institutional Trust
Company, N.A.
Top 10 investments (April 30, 2024)
Distributions Quarterly
1. iShares Core S&P 500 ETF 47.5%
Trading information 2. iShares Core S&P Total U.S. Stock Market ETF 45.8%
(12 months ending April 30, 2024) 3. iShares Core S&P Mid-Cap ETF 2.9%
Ticker symbol XUU.U 4. iShares Core S&P Small-Cap ETF 1.1%
Toronto Stock 5. Uber Technologies Inc. 0.1%
Exchange
Exchange 6. Cash 0.1%
Currency USD 7. Palo Alto Networks Inc. 0.1%
Average daily 8. Blackstone Inc. 0.1%
4,779 units
volume 9. Ferguson PLC 0.1%
Number of days 247 out of 252 10. Airbnb Inc. 0.1%
traded trading days Total percentage of top 10 investments 97.9%
Total number of investments 121
Pricing information
(12 months ending April 30, 2024)
Investment mix (April 30, 2024)
Market price $30.25-$39.33
Asset Class/Investment Type
Net asset value United States Equities 97.3%
$41.11-$53.24
(NAV)
Information Technology 0.8%
Average bid-ask Financials 0.5%
0.05%
spread
Industrials 0.4%
Consumer Discretionary 0.2%
Real Estate 0.2%
Health Care 0.1%
Other 0.3%
Cash 0.1%
Other assets, less liabilities 0.1%
BNM0724U-3687917-11699532
iShares Core S&P U.S. Total Market 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 the USD Units of this ETF
as “ Medium ”. Low Low to Medium Medium Medium to High High
This rating is based on how much this class of the ETF’s
returns have changed from year to year. It doesn’t tell you For more information about the risk rating and specific risks
how volatile this class of the ETF will be in the future. The that can affect this class of the ETF’s returns, see the Risk
rating can change over time. An ETF with a low risk rating can Factors section of the ETF’s prospectus.
still lose money.
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 4 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 4 years. The ETF dropped in value in 1 of the last 4 ETF in a 3-month period over the past 4 years. The best and
years. The range of returns and change from year to year can worst 3-month returns could be higher or lower in the future.
help you assess how risky the ETF has been in the past. It Consider how much of a loss you could afford to take in a
does not tell you how the ETF will perform in the future. short period of time.
40
If you invested $1,000 at
30 26.9 25.8 Return 3 months the beginning of the
18.6 ending
20 period
10 Your investment would rise
Best return 21.07% June 30, 2020
%
0 to $1,211
March 31, Your investment would drop
-10 Worst return -21.08%
2020 to $789
-20
-19.1
-30 Average return
2020 2021 2022 2023
The annual compounded return of the ETF was 13.00% since
inception. If you had invested $1,000 in the ETF since
inception, your investment would now be worth $1,737.
1 Returns are calculated using the ETF’s net asset value (NAV).
BNM0724U-3687917-11699532
iShares Core S&P U.S. Total Market 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.
• The bid is the highest price a buyer is willing to pay if you Orders
There are two main options for placing trades: market orders
want to sell your ETF units. The ask is the lowest price a
seller is willing to accept if you want to buy ETF units. The and limit orders. A market order lets you buy or sell units at
difference between the two is called the “bid-ask spread”. the current market price. A limit order lets you set the price at
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 medium to long
registered plan, such as a Registered Retirement Savings
term.
Plan or a Tax-Free Savings Account.
• Are seeking to invest in a broadly diversified portfolio of
U.S. stocks. Keep in mind that if you hold your ETF in a non-registered
• Are comfortable with the level of risk noted above. account, distributions from the ETF are included in your
taxable income, whether you get them in cash or have them
reinvested.
BNM0724U-3687917-11699532
iShares Core S&P U.S. Total Market 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 USD 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 USD units of the ETF. Commissions may vary by or territory or ask a lawyer.
brokerage firm. Some brokerage firms may offer commission- For more information
free ETFs 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, this class of the ETF’s expenses BlackRock Asset Management Canada Limited
were 0.08% of its value. This equals $0.80 for every $1,000 161 Bay Street, Suite 2500
invested. Toronto, ON M5J 2S1
Annual rate Phone: 416.643.4000
(as a % of the ETF’s value) Toll-free: 1.866.474.2737
Email: isharescanada_inquiries@blackrock.com
Management expense ratio (MER) Website: www.blackrock.com/ca
This is the total of the ETF’s management fee and 0.08%
operating expenses.
Trading expense ratio (TER)
0.00%
These are the ETF’s trading costs.
ETF expenses 0.08%
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.
Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”). TSX is a
registered trademark of TSX Inc. (“TSX”). All of the foregoing trademarks have been licensed to S&P Dow Jones Indices LLC
and sublicensed for certain purposes to BlackRock Fund Advisors (“BFA”), which in turn has sub-licensed these marks to its
affiliate, BlackRock on behalf of the applicable ETF. The Index is a product of S&P Dow Jones Indices LLC, and has been
licensed for use by BFA and by extension, BlackRock and the applicable ETF. The ETF is not sponsored, endorsed, sold or
promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, any of their respective affiliates (collectively known as “S&P Dow
Jones Indices”) or TSX, or any of their respective affiliates. Neither S&P Dow Jones Indices nor TSX make any representations
regarding the advisability of investing in the ETF.
© 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.
BNM0724U-3687917-11699532
