iShares International Fundamental Index Fund (CIE.A)
$11.00
Last Market Price: 5/17/12 3:35PM ET
($0.05) | -0.45 %
Change
Factsheet Factsheet Prospectus Prospectus

FUND SUMMARY

The iShares International Fundamental Index Fund (TSX:CIE), has been designed to replicate the performance of the FTSE RAFI Developed ex US 1000 Index, which comprises the top 1,000 non US-listed companies with the largest fundamental value. The index weights constituents using four accounting factors, rather than market capitalization. These four factors include:

  • total cash dividends (five-year average of all regular and special distributions)
  • free cash flow (five-year average cash flow)
  • total sales (five-year average total sales)
  • book equity value (current period book equity value)

 

The FTSE RAFI Developed ex US 1000 Index represents 25 separate country/regional indices from Europe, Australasia and the Far East. The iShares International Fundamental Index Fund offers the advantages of an active management strategy with the highlights of a passive investment: lower turnover costs and transparent rules-based selection, while retaining high investment capacity. By using these factors rather than market cap to weight stocks, Fundamental Indexation takes advantage of price movements by reducing the index’s holdings in constituents whose prices have risen relative to other constituents, and increasing holdings in companies whose prices have fallen behind. In addition, Fundamental Indexation decreases exposure to high P/E stocks during episodes of unsustainable P/E expansion. Therefore, this approach seeks to avoid over-exposure to the more overvalued stocks.

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Fund Statistics
as of 5/18/12
Price History
  Market Price NAV
Close $11.00 $11.00
Change $0.00 ($0.13)
52-Week High $14.33 $14.32
52-Week Low $11.00 $11.00
Bid/Ask Midpoint $10.92
Bid/Ask Premium (Discount) (0.77 %)
Volume 0
Shares Outstanding 845,000
Total Managed Assets $9,295,535
Total Managed Assets (Common and Advisor) $122,670,056
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 5/18/12
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BP PLC ORD USD.25 . 1.76 %
HSBC HLDGS ORD USD0.50 (UK) . 1.59 %
VODAFONE GROUP ORD USD0.11428571 1.55 %
TOTAL SA EUR2.5 POST SUBDIVISION 1.39 %
ROYAL DUTCH SHELL PLC A SHS 1.37 %
ROYAL DUTCH SHELL PLC B SHS . 1.05 %
BANCO SANTANDER SA . 1.04 %
NESTLE SA . 0.97 %
TELEFONICA SA EUR1 . 0.94 %
TOYOTA MOTOR CORP NPV . 0.93 %
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Top Sectors
as of 5/18/12
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Profile
Ticker Symbol (Click for Intraday Price) CIE.A
Exchange TSX
CUSIP 46432Y106
Inception Date 2/14/07
Income Distribution Primarily Foreign Dividend Income
Distribution Schedule (if any) Quarterly
Management Fees 1.40 %
Management Expense Ratio (as of 6/30/11) 1.56 %
Fiscal Year-End 12/31
Investment Adviser BlackRock Investments Canada Inc.
Index Name FTSE RAFI Developed ex US 1000 Index
Index Provider FTSE RAFI
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 1,020
Average Market Capitalization $48.17 Bil
Average Price/Earnings 13.48 x
Average Price/Book 1.81 x
Current Dividend Yield 4.18 %
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Top Fund Country Weightings
as of 3/31/12
Europe 47.56 %
Asia Developed 29.69 %
UK 16.08 %
Canada 6.28 %

This data is subject to change on a daily basis.

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.

P/B Ratio is a harmonic weighted average and is equal to a security’s market capitalization divided by its book value.

Alpha is a statistical measurement that depicts the performance difference between a fund's return and an underlying performance benchmark, given a fund’s level of volatility, measured by beta. The benchmark will always reflect an alpha of 0.00%. A positive alpha indicates a fund has performed better than its beta would predict in the stated period. Data displayed is for the previous 3 year period.

Beta is the measure of a fund's sensitivity to the Index. By definition, the beta of the Index is 1.00. Any fund with a higher beta is more volatile than the Index. Likewise, any portfolio with a lower beta will be less volatile than the index in the stated period. Data displayed is for the previous 3 year period.

Standard deviation is a statistical measurement that depicts how widely returns vary over a given period of time. The measurement is generally used to understand the range of returns that are most likely for a given portfolio. Generally, a higher standard deviation indicates a more risky portfolio. This is computed by using the trailing monthly total returns for the appropriate time period. Monthly standard deviations are then annualized. Data displayed is for the previous 3 year time period.

Average Market Capitalization is the geometric mean of the market capitalizations for all the securities in a fund’s portfolio.

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Distribution Information
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Last Distribution per Share $0.052000
Indicated Distribution Yield* 1.891 %
DRIP/PACC Price $12.78
Date Paid 4/5/12
Next Targeted Distribution
Ex-Date 6/26/12
Record Date 6/28/12
Payable Date 7/6/12

(*) 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.