iShares Advantaged Canadian Bond Index Fund (CAB)
$20.77
Last Market Price: 5/16/12 4:04PM ET
$0.05 | 0.24 %
Change
Factsheet Factsheet Prospectus Prospectus

FUND SUMMARY

The iShares Advantaged Canadian Bond Index Fund (TSX:CAB), seeks to provide a return based on the price and performance, before fees and expenses, of the DEX DLUX Capped Bond Index (“the Index”). The investment strategy of the fund is to obtain tax-efficient exposure to the constituent securities of the index through entering into a forward agreement with a Canadian Chartered Bank.

The ETF provides suitable investors of different sizes with the opportunity to gain exposure to a well diversified investment grade Canadian bond portfolio, capped at 60% allocation to government bonds and 40% allocation to corporate bonds.

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Fund Statistics
as of 5/16/12
Price History
  Market Price NAV
Close $20.77 $20.75
Change $0.05 $0.00
52-Week High $21.59 $20.98
52-Week Low $20.14 $20.11
Bid/Ask Midpoint $20.76
Bid/Ask Premium (Discount) 0.05 %
Volume 24,801
Shares Outstanding 6,560,000
Total Managed Assets $136,136,569
Total Managed Assets (Common and Advisor) $147,536,294
As of September 15, 2011 volume is the daily volume summation of Toronto Stock Exchange and Alpha Trading Systems. Prior to September 15, 2011 volume displayed was that of the Toronto Stock Exchange only.  Figures are based on market close.
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Top Fund Holdings
as of 5/16/12
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GOVERNMENT OF CANADA 4.250% 01-JUN-2018 SER YL25 1.91 %
GOVERNMENT OF CANADA 2.000% 01-DEC-2014 SER YU24 1.75 %
PROV OF QUEBEC 8.500% 01-APR-2026 1.46 %
GOVERNMENT OF CANADA 3.500% 01-JUN-2020 SER YZ11 1.44 %
GOVERNMENT OF CANADA 4.000% 01-JUN-2041 SER YQ12 1.40 %
CANADA HOUSING TRUST NO.1 3.800% 15-JUN-2021 1.39 %
GOVERNMENT OF CANADA 5.000% 01-JUN-2037 SER XW98 1.36 %
GOVERNMENT OF CANADA 4.000% 01-JUN-2016 SER YB43 1.36 %
GOVERNMENT OF CANADA 3.000% 01-DEC-2015 SER ZF48 1.27 %
GOVERNMENT OF CANADA 3.500% 01-JUN-2013 SER YN80 1.20 %
Initially, in order to obtain exposure to the performance of the Index, the iShares Advantaged Canadian Bond Index Fund (the “ETF”) will invest the net proceeds of its continuous offerings in a portfolio of common shares of Canadian public companies listed on the TSX that qualify as “Canadian securities” for purpose of the Tax Act (the “Canadian Share Portfolio”). The ETF will enter into one or more forward purchase and sale agreements (collectively, the “Forward”) with a Canadian chartered bank or an affiliate thereof (the “Counterparty”) pursuant to which the ETF will agree to sell securities in the Canadian Share Portfolio to the Counterparty from time to time in exchange for a purchase price determined by reference to the Canadian dollar value (the “Forward Amount”) of the performance of Index. However, neither the ETF nor its Unitholders by virtue of their investment in Units will have any ownership interest in the Index or any other financial instrument, if any, the Counterparty chooses to hedge its exposure under the Forward.
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Profile
Ticker Symbol (Click for Intraday Price) CAB
Exchange TSX
CUSIP 46432H103
Inception Date 11/19/09
Income Distribution Return of Capital and Capital Gains
Distribution Schedule (if any) Monthly
Management Fees 0.30 %
Management Expense Ratio (as of 6/30/11) 0.33 %
Fiscal Year-End 12/31
Investment Adviser BlackRock Investments Canada Inc.
Index Name DEX DLUX Capped Bond Index
Index Provider PC Bond Analytics
RRSP, RRIF, RESP, DPSP, TFSA 100% Eligible
DRIP Offered Yes
PACC Offered Yes
SWP Offered Yes

Management Expense Ratio is the total percentage of fund assets used for administrative, management, marketing, and all other expenses.

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Fund Characteristics
as of 3/31/12
Number of Securities 406
Duration 6.02
Weighted Average Coupon 4.14 %
Index Yield-to-Maturity 2.40 %
Index Cash Yield 3.66 %
Index Provider pcbond.com
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Index Rating Breakdown
as of 3/31/12
AAA 42.98 %
AA 34.02 %
A 22.81 %
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Index Maturity Breakdown
as of 3/31/12
Short Term (0-5 years) 44.78 %
Mid Term (6-10 years) 28.20 %
Long Term (10+ years) 27.01 %
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Type Of Bonds
as of 3/31/12
Government 60.63 %
Corporate 39.37 %
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INDEX INDUSTRY SECTOR BREAKDOWN
as of 3/31/12
Federal 37.91 %
Financial 30.90 %
Provincial 21.95 %
Infrastructure 4.30 %
Energy 1.88 %
Securitization 1.44 %
Municipal 0.77 %
Communication 0.74 %

P/E Ratio is a harmonic weighted average and is equal to a security’s market capitalization divided by its after-tax earnings over the most recent 12-month period.

The weighted average credit quality of the bonds held in the portfolio.

The weighted average of coupons on the bonds held in the portfolio.

The total return by an investor who buys the portfolio today at the market price, assuming that the all the bonds will be held until maturity, and that all coupon and principal payments will be made on schedule. Yield to maturity is actually an estimation of future return, as the rates at which coupon payments are assumed to be the current market rates.

When a bond is callable, puttable, exchangeable, or has other features, the yield to worst is the lowest yield of yield to maturity, yield to call, yield to put, and others.

The weighted average maturity of the bonds held in the portfolio.

Duration is measure of sensitivity of bond prices to changes in interest rates assuming small parallel shifts in the interest rates. For example a portfolio with duration of 2 years, when interest rates go up 1% the portfolio value should fall 2%. As maturity increases, duration increases and the bond’s price becomes more sensitive to interest rate changes.

A measure of how the duration of a bond changes as the interest rates changes do not occur evenly along the interest rate curve or non-parallel shifts in the interest rate curve. (measure of the curvature or 2nd derivative of how the price of a bond varies with interest rate).

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Distribution Information
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Last Distribution per Share $0.056000
Indicated Distribution Yield* 3.239 %
DRIP/PACC Price $20.62
Date Paid 5/4/12
Next Targeted Distribution
Ex-Date 5/28/12
Record Date 5/30/12
Payable Date 6/6/12

(*) Approximate annualized distribution yield based on last distribution and most recent NAV. Information may change without notice. Actual results may vary. Distribution per unit is subject to change on the ex-distribution date.