XHY - U.S. High Yield Bond Index Fund (CAD-Hedged)

Commencement Date: 21-Jan-2010
The iShares U.S. High Yield Bond CAD-Hedged Index Fund (XHY) seeks to provide income by replicating, to the extent possible, the performance of an index which is a diversified representation of the USD-denominated high yield corporate bond market, net of expenses, and, to the extent possible, hedge any resulting U.S. dollar currency exposure to Canadian dollars. Currently, XHY seeks to replicate the performance of the Markit iBoxx USD Liquid High Yield Index. The investment strategy of XHY is to invest primarily in shares of a U.S. iShares Fund that seeks investment results that correspond generally to the applicable index and to hedge any resulting U.S. dollar currency exposure back to Canadian dollars.

Top Daily Holdings* as of 17-Feb-2012

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Holding % of Fund
ISHARES IBOXX $ HIGH YIELD CORPORA 99.00%
Total: 99.00%
*Holdings are subject to change.

Sector Breakdown as of 17-Feb-2012

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  Sector % of Fund Sector % of Fund
 
Consumer S...
14.69%
 
Technology
9.07%
 
Industrials
12.20%
 
Utilities
8.21%
 
Telecommun...
11.81%
 
Basic Mate...
6.34%
 
Financials
10.50%
 
Consumer G...
4.88%
 
Health Care
9.66%
 
Other/Unde...
3.22%
 
Oil & Gas
9.42%
 

Maturity as of 21-Feb-2012

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Timeframe % of Maturity
0-1 Year 0.00%
1-5 Years 17.81%
5-10 Years 76.76%
10-15 Years 2.20%
15-20 Years 0.00%
20-25 Years 0.00%
25 Years and Over 0.00%
Average: 4.92  Years

Yield as of 21-Feb-2012

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  % of Yield
Weighted Average Yield to Maturity (%) Weighted Average Yield to Maturity (%)

The average YTM is the interest rate that will make the present value of the cash flows from a bond equal to its market price plus accrued interest. The average yield to maturity considers not only the coupon income, but any capital gain or loss that the investor will realize by holding the bonds to maturity. It also considers the reinvestment of the coupons.
6.80%

Fundamentals & Risk as of 21-Feb-2012

 
 
Weighted Average Term Weighted Average Term

The average number of years that each dollar of unpaid principal due on the mortgage remains outstanding.
4.92
Weighted Average Coupon (%) Weighted Average Coupon (%)

The mean of the coupon rate of the underlying bonds in a portfolio.
8.17%
Weighted Average Effective Duration (yrs) Weighted Average Effective Duration (yrs)

A measure of the responsiveness of a bond or portfolio's price to changes in interest rates. Effective Duration takes into account the possible changes in expected bond cash flows due to interest rate changes.
4.19

Profile as of 21-Feb-2012

 
 
Net Asset Value $388,123,715
Annual Management Fees
0.60%
Units Outstanding
18,750,000
Total Holdings 483
Commencement Date
21-Jan-2010
Related Index Name iBoxx $ Liquid High Yield Index
NAV per Unit
as of  21-Feb-2012 		$20.70
$0.07 0.34%
Price
as of  21-Feb-2012 		$20.83
$0.09   0.43%

Fees & Expenses

 
Total Annual Fee Total Annual Fee

The sum of the annual management fee payable by the fund to BlackRock Canada for acting as trustee and manager, plus any annual fees paid indirectly by the fund to BlackRock Canada and its affiliates resulting from investments in other iShares ETFs.
0.60%
Estimated Annual HST Estimated Annual HST

Estimated annual HST payable by the fund for 2011.
0.01%
Management Expense Ratio (MER) Management Expense Ratio(MER)

As reported in the fund's 2010 Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holdings of other ETFs.
0.59%

Trading Information

 
Ticker XHY
Related Index Name iBoxx $ Liquid High Yield Index
Exchange Toronto Stock Exchange
RSP Yes
CUSIP 46430D104
Options Available No

Quality Ratings as of 21-Feb-2012

Rating Moody's S&P
Aaa/AAA 0.80% 0.00%
Aa1/AA+ 0.00% 0.73%
Aa2/AA 0.00% 0.00%
Aa3/AA- 0.00% 0.00%
A1/A+ 0.00% 0.00%
A2/A 0.00% 0.00%
A3/A- 0.00% 0.00%
Baa1/BBB+ 0.00% 0.17%
Baa2/BBB 0.00% 0.00%
Baa3/BBB- 0.17% 0.17%
Ba1/BB+ 7.93% 12.40%
Ba2/BB 10.01% 10.84%
Ba3/BB- 14.81% 17.90%
B1/B+ 20.94% 14.46%
B2/B 9.55% 14.98%
B3/B- 16.74% 12.78%
Caa1/CCC+ 8.79% 5.38%
Caa2/CCC 2.81% 5.44%
Caa3/CCC- 2.94% 0.42%
Ca/CC 0.31% 0.48%
C/C 0.00% 0.37%
R   0.00%
SD   0.00%
D   0.00%
Not Rated 1.70% 1.00%
Other 2.49% 2.49%