Key stats
About ISHARES CDN FINANCIAL MTHLY INC FD COM UNIT
Expense ratio
0.87%
Home page
Inception date
Apr 16, 2010
ISIN
CA46433H1029
The fund seeks to maximize total return and generate a monthly target distribution of $0.05 per unit by holding a portfolio of various securities from issuers in the Canadian financial sector. These securities can be in a form of common shares, preferred shares, corporate bonds and income trust units. In constructing FIEs Portfolio, its sub-advisor refers to a model portfolio provided by Manulife Investment Management. The model portfolio is guided by fund-specific risk management techniques by Manulife, and utilizes a disciplined bottom-up approach employing strict quantitative stock selection disciplines. Note that FIE, on top of its net assets, has also entered into a loan facility with a Canadian financial institution to purchase additional securities for working capital purposes. FIE can borrow up to 15% of its NAV.
Classification
What's in the fund
Exposure type
Finance
ETF
Stocks69.38%
Finance69.38%
Bonds, Cash & Other30.62%
ETF30.51%
Cash0.11%