Canadian ETF knowledgebase
The fund seeks to provide a consistent monthly cash distribution, with the potential for modest long-term capital growth, by investing primarily in Canadian iShares Funds that provide exposure to a diversified portfolio of income-bearing investments.
Exposure to these types of income-bearing investments may also be obtained by investing directly in them and/or through the use of derivatives.
The investment strategy of XTR is to invest primarily in income-bearing Canadian iShares Funds. XTR will invest in a portfolio that is a diversified representation of income-bearing asset classes, including, but not limited to, common equities, fixed income securities and real estate investment trusts.
BlackRock Canada will develop and maintain a strategic asset allocation policy for XTR. The fund will generally rebalance to this allocation policy on a quarterly basis, but may also do so more frequently if market conditions warrant.
The majority of the XTR's investment exposure will be to Canadian securities, but foreign asset classes may also be included as a result of their income properties or diversification benefits.
BlackRock Canada will review, and may adjust, XTR's strategic asset allocation from time to time, as market conditions change, and as the investible universe evolves.
|Category (main)||Canada and USA multi-asset classes - Conservative|
|Category (other)||Fund of funds|
|Underlying Index||No Index|
|ETF Structure||ETF of ETFs (ie fund of funds)|
|Asset Class||Multi-asset classes - Conservative|
|Region||Canada & USA|
|Issuer||iShares Canada by Blackrock|
|ETF Home Page||Available here|
|Inception Date||19 Dec 2005|
|Total Holdings||10 (2,191) *1|
|Significant Currency Exposure||Yes|
|Currency Hedging||Maybe *2|
*1 Holds various iShares ETFs
*2 Prospectus states fund MAY employ currency hedging
|Management Expense Ratio (MER)||0.56%|
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Yes|
|PACC Plan available **||No|
|SWP available **||No|
* 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:
Blackrock need to improve their website and fund Fact Sheets.
Neither make these important aspects clear for this fund:
Given this is a fund-of-funds, we also encourage Blackrock to look at ways of reducing the fund's MER ().