Canadian ETF knowledgebase
The fund seeks to replicate, before fees and expenses, the performance of the S&P/TSX Composite Low Volatility Index.
The index is designed to measure the performance of the 50 stocks from the S&P/TSX Composite Index with the lowest realized volatility over the past 252 trading days as of the most recent quarterly rebalancing.
Volatility is defined for this purpose as the standard deviation of the security's daily price returns, and reflects the magnitude of the security's price fluctuations over this time period.
The S&P/TSX Composite Low Volatility Index is designed to measure the performance of the 50 least volatile stocks in the S&P/TSX Composite Index.
The Index measures the performance of the least volatile stocks in Canadian listed universe.
The index benchmarks low volatility or low variance strategies. Constituents are weighted relative to the inverse of their corresponding volatility, with the least volatile stocks receiving the highest weights.
|Category (main)||Canadian Equity: Broad Equities / Minimum Volatility|
|Category (other)||Minimum Volatility|
|Underlying Index||S&P/TSX Composite Low Volatility Index|
|ETF Structure||Passive type. Endeavours to return the Index return before fees/costs|
|ETF Home Page||Available here|
|Inception Date||Apr 24, 2012|
|Significant Currency Exposure||No|
|Currency Hedging||Not applicable|
|Management Expense Ratio (MER)||0.32% *|
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Unknown|
|PACC Plan available **||Unknown|
|SWP available **||Unknown|
* 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.