Canadian ETF knowledgebase
The fund seeks to track, less fees and expenses, the S&P High Yield Dividend Aristocrats CAD-Hedged Index which is comprised of the highest dividend-yielding securities of the S&P Composite 1500 Index that have increased dividends every year for at least 20 consecutive years.
The S&P High Yield Dividend Aristocrats index is designed to measure the performance of companies within the S&P Composite 1500 that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 years.
Since 1926, dividends have contributed nearly a third of the total equity return while capital gains have contributed two-thirds.
The S&P High Yield Dividend Aristocrats index captures sustainable dividend income and capital appreciation potential which are both key factors in investors' total return expectations.
Companies included in the index come from a broad spectrum of industries and are well diversified across all sectors.
The CAD hedged variant of this index limits/minimizes USD/CAD foreign currency risk.
|Category (main)||USA Equity Income - High yield shares|
|Underlying Index||S&P High Yield Dividend Aristocrats CAD-Hedged Index|
|ETF Structure||Passive type. Endeavours to return the Index return before fees/costs|
|Asset Class||Equity Income - High yield shares|
|Issuer||iShares Canada by Blackrock|
|ETF Home Page||Available here|
|Inception Date||13 Sept 2011|
|Significant Currency Exposure||Yes|
|Management Expense Ratio (MER)||0.67%|
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Yes|
|PACC Plan available **||Yes|
|SWP available **||Yes|
* Always check eligibility with your plan operator as plans and accounts can differ
** Not all brokers can facilitate these plans. Check with your broker.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
Canada ETFs's analysis of this ETF will be available soon.