iShares Canadian Financial Monthly Income Fund (FIE.A)
$6.04
Last Market Price: 5/18/12 4:15PM ET
($0.02) | -0.33 %
Change
Factsheet Factsheet Prospectus Prospectus

FUND SUMMARY

iShares Canadian Financial Monthly Income Fund's(TSX:FIE), investment objectives are to maximize total return to its Unitholders, consisting of distributions and capital appreciation, and to provide its Unitholders with a stable stream of monthly cash distribution of $0.04 per Unit. FIE’s net assets, together with borrowings under its loan facility, are invested in a diversified and actively managed investment portfolio consisting primarily of common shares, preferred shares, corporate bonds and income trust units of issuers in the Canadian financial sector (the "FIE Portfolio").

The Manager believes that the Canadian financial sector provides attractive dividend and income yields, strong and stable credits and a history of capital appreciation and dividend growth. Up to 25% of the assets of the FIE Portfolio may be invested in securities of other Canadian issuers. The composition of the FIE Portfolio will vary over time depending on MFC Global’s assessment of overall market conditions and outlook.

[ - ]
Featured Resources
View All
[ - ]
Fund Statistics
as of 5/18/12
Price History
  Market Price NAV
Close $6.04 $6.06
Change ($0.02) ($0.03)
52-Week High $7.12 $7.14
52-Week Low $5.73 $5.77
Bid/Ask Midpoint $6.08
Bid/Ask Premium (Discount) 0.25 %
Volume 7,297
Shares Outstanding 20,034,556
Total Managed Assets $121,316,933
Total Managed Assets (Common and Advisor) $197,610,584
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.
[ - ]
Top Fund Holdings
as of 5/18/12
View All
ISHARES 1-5 YEAR LADDERED CORP BOND INDEX FUND UNIT 15.47 %
ISHARES S&P/TSX CDN PFD SH UNIT 15.46 %
TORONTO-DOMINION BANK NEW 9.67 %
ROYAL BANK OF CANADA . 9.50 %
BANK OF NOVA SCOTIA . 9.37 %
BANK OF MONTREAL . 9.37 %
SUN LIFE FINANCIAL INC . 7.26 %
CANADIAN IMPERIAL BK OF COMM . 5.78 %
ONEX CORP SUB-VTG 3.55 %
NATIONAL BANK OF CANADA . 3.03 %
[ - ]
Top Sectors
as of 5/18/12
View All
[ - ]
Profile
Ticker Symbol (Click for Intraday Price) FIE.A
Exchange TSX
CUSIP 46433H201
Inception Date 8/16/05
Rebalance Date 8/31/09
Income Distribution Primarily Canadian Dividend Income and Capital Gains
Distribution Schedule (if any) Monthly
Management Fees* 1.40 %
Management Expense Ratio (as of 6/30/11) 1.80 %
Fiscal Year-End 12/31
Investment Adviser BlackRock Investments Canada Inc.
Index Name
Index Provider MFC Global Investment Management®
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.

Fund inception information noted above refers to initial offering of FIE as a closed-end fund. FIE merged with the Canadian Financial Dividend and Income Closed-End Fund (FDI) on January 16, 2007. The combined Fund was converted to an Exchange Traded Fund on 3/2/07.
*There is no duplication of underlying fees on any Claymore ETF held in portfolio.
[ - ]
Fund Characteristics
as of 3/31/12
Number of Securities 22

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.

[ - ]
Distribution Information
View All
Last Distribution per Share $0.040000
Indicated Distribution Yield* 7.921 %
DRIP/PACC Price $6.44
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.