BlackRock® Canada Announces Product Changes and Risk Rating Update

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Update to Risk Ratings

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In connection with the announcement of the index changes for the iShares ETFs, BlackRock Canada re-applied the investment risk classification methodology set out in National Instrument 81-102 – Investment Funds, to determine the risk rating of each iShares ETF. As a result of the application of the investment risk classification methodology, BlackRock Canada today also announces an update to the risk rating of one class of units of the iShares ETFs as set out below. The change in risk rating is not a direct result of the implementing the index changes.

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A copy of the standardized risk classification methodology used by BlackRock Canada to identify the investment risk levels of the iShares ETFs is available on request, at no cost, by calling us at 1-866-474-2737, by emailing [email protected], or by writing to BlackRock Canada at 161 Bay Street, Suite 2500, Toronto, Ontario M5J 2S1.

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About BlackRock

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BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate

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About iShares

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iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of more than 1,700 exchange traded funds (ETFs) and approximately $5.5 trillion in assets under management as of March 31, 2026, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.   

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iShares® ETFs are managed by BlackRock Asset Management Canada Limited.

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Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.

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The iShares ETFs are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE”), by the London Stock Exchange Group companies (“LSEG”), or by Research Affiliates LLC (“RA”) (collectively the “Licensor Parties”), and none of the Licensor Parties make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Current Indices and/or the figure at which the Current Indices stands at any particular time on any particular day or otherwise. The Current Indices are compiled and calculated by FTSE in conjunction with RA. None of the Licensor Parties shall be liable (whether in negligence or otherwise) to any person for any error in the Current Indices and none of the Licensor Parties shall be under any obligation to advise any person of any error therein. FTSE® is a trade mark of LSEG. The trade names Fundamental Index® and RAFI® are registered trademarks of Research Affiliates, LLC.

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RAFI is a trademark or service mark of RAFI, LLC or its affiliates (collectively, “RAFI”). The iShares ETFs are not sponsored, endorsed, sold or promoted by RAFI or any of its third party service providers or suppliers (collectively, “RAFI and its suppliers”). RAFI and its suppliers make no representations or warranties regarding the advisability of investing in the iShares ETFs. RAFI and its suppliers make no warranty as to the results that may be obtained by owners of the iShares ETFs or anyone else from the use of the New Indices. RAFI and its suppliers disclaim all warranties and representations, including any warranties of merchantability or fitness for a particular purpose or use, with respect to the New Indices or any included data. In no event will RAFI or its suppliers be liable for any damages, including direct, indirect, special, punitive and consequential damages (including lost profits).

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