iShares ESG Canadian Short Term Bond Index ETF
Overview
The investment objective of the Fund is to provide income by replicating, to the extent possible, the performance, net of expenses, of an environmental, social and governance (ESG)-oriented index selected at the discretion of BlackRock Canada. The Fund will primarily invest in Canadian fixed income securities. The Index is an optimized fixed income index designed to reflect the performance of Canadian investment-grade bonds with maturities between 1-5 years (as determined by Bloomberg Capital Inc.), emphasizing bonds from issuers generally evaluated for favourable ESG practices (as determined by MSCI ESG Research LLC), while exhibiting risk and return characteristics similar to those of the Bloomberg 1-5 Year Canada Aggregate Bond Index, its parent index.