BlackRock Canada Adjusts Management Fees for iShares ETFs
TORONTO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited, a wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), has announced a change in management fees for several of its iShares exchange-traded funds (ETFs), effective December 18, 2025. This adjustment reflects BlackRock's ongoing commitment to enhancing investment affordability for its clients.
Details of the Management Fee Changes
The annual management fees for the following iShares Funds will be reduced:
- iShares Core Balanced ETF Portfolio (XBAL): from 0.18% to 0.17%
- iShares Core Conservative Balanced ETF Portfolio (XCNS): from 0.18% to 0.17%
- iShares Core Equity ETF Portfolio (XEQT): from 0.18% to 0.17%
- iShares Core Growth ETF Portfolio (XGRO): from 0.18% to 0.17%
- iShares Core Income Balanced ETF Portfolio (XINC): from 0.18% to 0.17%
These fees are calculated as an annualized percentage of the funds' daily net asset values. In addition, BlackRock Canada may charge underlying product fees for ETFs in which these iShares Funds invest. The total annual fee, which combines management and underlying product fees, will continue to adhere to these percentage limits.
Implications for Current Unitholders
There will be no changes to the investment objectives or trading symbols of XBAL, XCNS, XEQT, XGRO, and XINC as a result of these fee adjustments. Current investors in these ETFs will not need to take any action regarding their holdings. The adjustments are part of a broader review of BlackRock's pricing strategy, aiming to leverage its scale and expand its service offerings to benefit investors.
About BlackRock and iShares
BlackRock aims to enhance financial well-being for individuals by serving as a fiduciary and providing innovative financial technology. With approximately US$5.2 trillion in assets under management as of September 30, 2025, iShares has established itself as a leading provider of ETFs, continuously evolving to meet the needs of investors.
Investors interested in iShares should be aware that commissions, management fees, and other expenses may apply. It is essential to consult the relevant prospectus before making investment decisions. Past performance is not indicative of future results, and financial decisions should be made with guidance from qualified professionals.