Core Points - BlackRock Canada announced updates to investment risk ratings, management fee reductions, and the commencement of securities lending transactions for certain iShares ETFs [1][5]. Risk Rating Changes - The investment risk ratings for specific iShares ETFs have been updated, effective June 26, 2025: - iShares Core MSCI US Quality Dividend Index ETF (XDU) changed from Medium to Low to Medium - iShares Japan Fundamental Index Fund (CJP) changed from Medium to High to Medium - iShares US Fundamental Index ETF (CLU) changed from Medium to Medium to High [2][3]. Annual Management Fee Reductions - Effective July 2, 2025, BlackRock Canada reduced the annual management fees for the following iShares ETFs: - iShares 0-5 TIPS Bond Index ETF (XSTP, XSTP.U) from 0.15% to 0.10% - iShares 0-5 TIPS Bond Index ETF (CAD Hedged) (XSTH) from 0.15% to 0.10% [4]. Securities Lending Transactions - BlackRock Canada may engage in securities lending transactions for the iShares Bitcoin ETF (IBIT), with a notice period of 60 days to unitholders before transactions commence on or after August 25, 2025 [5].

BlackRock's Strategic Ambition - BlackRock aims to double its operating income from $8 billion to approximately $15 billion and market capitalization from approximately $140 billion to $280 billion by 2030[21] - The company targets organic base fee growth of ≥5% and an operating margin, as adjusted, of ≥45% through the cycle[17, 21] - BlackRock targets $400 billion of cumulative fundraising in private markets from 2025 to 2030[29, 30, 31] iShares Growth and ETF Market - The ETF industry is projected to grow to $27 trillion by 2030[132, 133] - iShares achieved $431 billion in LTM (Last Twelve Months) net new business in 1Q25, representing 11% organic asset growth[129] - iShares' ETF AUM (Assets Under Management) stands at $43 trillion[129] Liquid Active Strategies - BlackRock's liquid active strategies have $36 trillion in AUM[207] - Liquid active strategies generated $215 billion in LTM net new business in 1Q25, reflecting 7% organic asset growth[208] Systematic Investing - BlackRock Systematic has $317 billion in AUM across equities, fixed income, and alternatives[245, 247] - The Systematic strategies generated $115 billion in alpha from January 2020 to March 2025[245] Fixed Income - BlackRock's fixed income AUM is $30 trillion, including $931 billion in cash management and $206 billion in private credit client assets[265] - Fixed income strategies achieved $160 billion in LTM net new business in 1Q25, with 6% organic asset growth[265] International Platform - BlackRock's non-US AUM is $44 trillion[405] - The international platform generated $331 billion in LTM net new business in 1Q25, representing 8% organic asset growth[405]

Core Viewpoint - BlackRock Canada announced the May 2025 cash distributions for various iShares ETFs, detailing specific amounts for each fund and the payment schedule for unitholders [1][2][4]. Distribution Details - The cash distribution amounts per unit for selected iShares ETFs are provided, with notable distributions including: - iShares S&P/TSX 60 Index ETF (XIU): $0.272 - iShares Canadian Real Return Bond Index ETF (XRB): $0.273 - iShares Flexible Monthly Income ETF (XFLI): $0.189 - iShares S&P/TSX Composite High Dividend Index ETF (XEI): $0.136 [2][3]. Payment Schedule - Unitholders of record for most iShares ETFs will receive distributions on May 30, 2025, while unitholders of XRB will receive distributions on June 5, 2025 [1][4]. Additional Information - BlackRock Canada plans to issue a press release around May 21, 2025, to provide final amounts for the iShares Premium Money Market ETF [4]. - The iShares Canadian Real Return Bond Index ETF also has reinvested distributions, with a unit value of $0.31014 [6]. Company Overview - BlackRock is a leading provider of financial technology and investment management, with over $4.3 trillion in assets under management as of March 31, 2025 [8]. - iShares ETFs, managed by BlackRock, offer a diverse range of investment opportunities across various markets [8].