Key stats
About ISHARES FLOATING RATE INDEX ETF UNIT
Expense ratio
0.14%
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Inception date
Dec 6, 2011
The fund is passively managed to provide exposure to a broadly diversified range of floating-rate bonds from Canada, which may include corporate and government bonds. Investment-grade bonds should have a remaining term to maturity of at least three months. Securities are removed if the portfolios remaining effective term to maturity declines to less than three months. Bonds that get downgraded below the credit rating of A are removed after 30 days. The index uses a rules-based methodology, which changes over time, reflecting developments in the market. The index is weighted by market value and rebalanced daily.
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
Corporate
Government
Bonds, Cash & Other100.00%
Corporate80.10%
Government10.27%
Cash4.95%
Securitized2.99%
Municipal1.69%
Top 10 holdings
Dividends
Dividend payout history