iShares US Fundamental Index Fund (CLU)
$16.86
Last Market Price: 5/18/12 4:09PM ET
($0.17) | -1.00 %
Change
Factsheet Factsheet Prospectus Prospectus

FUND SUMMARY

iShares US Fundamental Index Fund (TSX:CLU), has been designed to replicate the performance of the FTSE RAFI US 1000 C$ Hedged Index, which comprises the largest 1,000 US-listed companies by 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 iShares US 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 avoids over-exposure to the more overvalued stocks. The iShares US Fundamental Index Fund will hedge its exposure to US currency to eliminate foreign currency return risk for Canadian investors.

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Featured Resources
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Fund Statistics
as of 5/18/12
Price History
  Market Price NAV
Close $16.86 $16.85
Change ($0.17) ($0.14)
52-Week High $18.72 $18.69
52-Week Low $14.60 $14.57
Bid/Ask Midpoint $16.54
Bid/Ask Premium (Discount) (1.84 %)
Volume 10,960
Shares Outstanding 7,312,854
Total Managed Assets $123,250,395
Total Managed Assets (Common and Advisor) $138,017,205
As of September 15, 2011 volume is the daily volume summation of Toronto Stock Exchange and Alpha Trading Systems. Prior to September 15, 2011 volume displayed was that of the Toronto Stock Exchange only.  Figures are based on market close.
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Top Fund Holdings
as of 5/18/12
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EXXON MOBIL CORP . 3.14 %
AT&T INC . 2.45 %
GENERAL ELECTRIC CO . 2.29 %
BANK OF AMERICA CORP . 2.22 %
CHEVRON CORP . 1.83 %
WAL-MART STORES INC . 1.71 %
VERIZON COMMUNICATIONS INC . 1.67 %
PFIZER INC . 1.66 %
JPMORGAN CHASE & CO . 1.65 %
CITIGROUP INC . 1.49 %
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Top Sectors
as of 5/18/12
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Profile
Ticker Symbol (Click for Intraday Price) CLU
Exchange TSX
CUSIP 46433B204
Inception Date 9/8/06
Income Distribution Primarily Foreign Dividend Income
Distribution Schedule (if any) Quarterly
Management Fees 0.65 %
Management Expense Ratio (as of 6/30/11) 0.72 %
Currency Policy C$ Hedged
Fiscal Year-End 12/31
Investment Adviser BlackRock Investments Canada Inc.
Index Name FTSE RAFI US 1000 Canadian Dollar Hedged 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 1,005
Average Market Capitalization $81.87 Bil
Average Price/Earnings 14.15 x
Average Price/Book 2.88 x
Current Dividend Yield 2.20 %

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 $0.053000
Indicated Distribution Yield* 1.258 %
DRIP/PACC Price $18.69
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.