Key stats
About BLACKROCK ASSET MANAGEMENT CA LTD
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Inception date
Mar 26, 2013
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Income tax type
Capital Gains
Primary advisor
BlackRock Asset Management Canada Ltd.
Identifiers
3
ISIN CA46434P1036
The fund is designed to be a long-term core holding in a global investment portfolio. The portfolio consists of iShares ETFs that provide global exposure to consumer discretionary companies as defined by GICS. Consumer discretionary companies are those that tend to be the most sensitive to economic cycles. Market segments include: automotive, household durable goods, hotels, restaurants, leisure equipment and apparel. The portfolio is hedged to Canadian dollars on a monthly basis. Holdings are market-cap weighted. Individual securities are capped at 10% of the portfolio, with those constituting more than 5% capped at 25% of the overall portfolio. The portfolio is rebalanced at the end of day if constraints are breached, otherwise the portfolio is rebalanced on a quarterly basis.
Related funds
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
IXLCF net asset value is 43.55 today — it's risen 1.71% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
IXLCF assets under management is 41.81 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
IXLCF invests in funds. See more details in our Analysis section.
IXLCF expense ratio is 0.66%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, IXLCF isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, IXLCF pays dividends to its holders with the dividend yield of 8.67%.
IXLCF trades at a premium (0.01%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
IXLCF shares are issued by BlackRock, Inc.
IXLCF follows the S&P Global 1200 Consumer Discretionary Hedged to CAD Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 26, 2013.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.