Key stats
About ISHARES CA SLCT DIVD INDEX ETF UNIT
Expense ratio
0.56%
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Inception date
Dec 19, 2005
ISIN
CA46430W1023
The fund is passively managed to provide exposure to the Canadian high-dividend space. The index starts with all dividend-paying companies listed on the Toronto Stock Exchange and constituents of S&P Canada BMI, excluding income trusts. Eligible securities are screened for positive EPS and undergo a robust sustainability screen, designed to ensure that companies pay steady and rising dividends by using five-year dividend growth, payout ratio and payment history criteria. XDV aims to hold a narrow portfolio of 30 stocks, which are selected and weighted based on dividend yield, subject to a 10% cap per issuer. The index is generally rebalanced annually.
Classification
What's in the fund
Exposure type
Finance
Utilities
Retail Trade
Stock breakdown by region