Key stats
About ISHARES CDN FINANCIAL MTHLY INC FD COM UNIT
Expense ratio
0.87%
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Inception date
Apr 16, 2010
The fund seeks to maximize total return and generate a monthly target distribution of $0.05 per unit by holding a portfolio of various securities from issuers in the Canadian financial sector. These securities can be in a form of common shares, preferred shares, corporate bonds and income trust units. In constructing FIEs Portfolio, its sub-advisor refers to a model portfolio provided by Manulife Investment Management. The model portfolio is guided by fund-specific risk management techniques by Manulife, and utilizes a disciplined bottom-up approach employing strict quantitative stock selection disciplines. Note that FIE, on top of its net assets, has also entered into a loan facility with a Canadian financial institution to purchase additional securities for working capital purposes. FIE can borrow up to 15% of its NAV.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
ETF
Stocks71.20%
Finance71.20%
Bonds, Cash & Other28.80%
ETF28.64%
Cash0.16%
Top 10 holdings
Dividends
Dividend payout history