iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ:CA)
The investment objective of the ETF is to replicate, to the extent possible, the performance of the S&P/TSX Canadian Dividend Aristocrats Index, net of expenses. The Index is designed to measure the performance of S&P Broad Market Index Canada constituents which have followed a managed-dividends policy of consistently increasing dividends.
The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in substantially the same proportion as they are reflected in the Index or to invest in a manner that causes the Fund to replicate the performance of the Index.
IFM Investment Tip:
This ETF is well balanced between the main stock market sectors: Financials (25.37%), Consumer Discretionary (15.52%), Energy (15.42%), Industrial (15.22%), Utilities (6.74%), etc. and provides good diversification through its current 65 individual investments. It maintains a high Portfolio Turnover Ratio (PTR) indicating an active investment style.
Note: The fund started tracking the S&P/TSX Canadian Dividend Aristocrats Index on July 8, 2009
- Fact Sheet
- TMX Money ETF Screener
- Morningstar ETF Screener
- Underlying Index/Commodity
- S&P/TSX Canadian Dividend Aristocrats Index.
- Asset Category
- Growth Investments
- Average Duration
- Average Maturity
- Date Established
- September 7, 2006
- Annual Management Fee
- 0.60% Plus 0.07% in Operating Expenses (2015)
- Trading Expense Ratio (TER)
- 0.04% (2015)
- Management Expense Ratio (MER)
- 0.71% (2015)
- Additional Performance Fee(s)
- 0.75% - Additional fee applicable to Advisor Class Shares. (MER = 1.53% for Advisor Class shares in 2015)
- Yes - In 2015, the ETF had a yield equal to 6.92% net of Return of Capital (ROC) payments.
- Distribution Dates
- Monthly - toward the end of each month.
- Distribution Details
- Dividend Reinvestment Plan (DRIP)
- Yes Visit ETF Website for details
- Rebalancing Frequency
- Portfolio Turnover Ratio
- Was 56.00% in 2015, 26.76% in 2014, 48.11% in 2013, 40.86% in 2012, 67.07% in 2011 & 96.23% in 2010.
- Simplified Prospectus
- Last Updated