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PowerShares S&P/TSX Composite Low Volatility Index ETF - TLV

ETF Overview

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.

Additional Index Information

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.

Key ETF Data

Fundamentals
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
Asset Class Equity
Region Canada
Issuer Invesco (Canada)
ETF Home Page Available here
Fund Facts
Inception Date Apr 24, 2012
Total Holdings 50
Distribution Frequency Monthly
Leverage None
Significant Currency Exposure No
Currency Hedging Not applicable
Fees
Management Fee 0.30%
Management Expense Ratio (MER) 0.32% *

* 2012

Trading Information
Ticker TLV
Exchange TSX (Toronto Stock Exchange)
Currency CAD
Eligibility
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.

Current Price, Fund Performance, Yield, NAV, Charts etc

To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:

ETF at TMX ETF at Morningstar

ETF Analysis

Canada ETFs's analysis of this ETF will be available soon.