BlackRock® Canada Announces Changes to the iShares Jantzi Social Index ETF

Core Insights - BlackRock Canada announces that the iShares Jantzi Social Index ETF will experience higher than normal portfolio turnover due to changes in the evaluation process for the Morningstar Jantzi Social Index, effective June 20, 2025 [1][2] - The iShares ETF aims to replicate the performance of the Index, and the upcoming rebalance is expected to result in higher transaction costs and net capital gains, although the total net capital gains income will not be known until December 15, 2025 [1] - Morningstar will implement several changes to the Index, including a name change, semi-annual reviews, a new parent benchmark, and modifications to ESG exclusions and constituent selection criteria [2] Company Overview - BlackRock is a leading provider of financial technology and aims to enhance financial well-being for investors by making investing easier and more affordable [4] - iShares, a subsidiary of BlackRock, manages over 1,500 exchange-traded funds (ETFs) with assets under management totaling approximately US$4.3 trillion as of March 31, 2025 [5]