CHB.A - Advantaged U.S. High Yield Bond Index Fund (CAD-Hedged)

Commencement Date: 08-Jan-2010
iShares Advantaged U.S. High Yield Bond Index Fund (CAD-Hedged) seeks to track the constituent securities of the Barclays Capital U.S. High-Yield Very Liquid Index (before fees and expenses). The ETF provides suitable investors with exposure to a tax-efficient, well-diversified U.S. high-yield bond portfolio, on a Canadian, dollar-hedged basis.

The Fund utilizes a Forward Agreement structure with a Canadian chartered bank or an affiliate thereof in order to provide exposure to the performance of its applicable index. Amounts equal to the income generated by the portfolio of the index (interest and/or foreign income) will be paid to Unitholders of the ETF primarily as return of capital distributions and as distributions of capital gains. Depending upon the application of a proposed measure in the 2013 Federal Budget relating to any extension or replacement of the Forward Agreement following the Budget date, such distributions may be treated as ordinary income.
CHB.A CAD

Quote

Historical Prices

 

Market Price

as of 21-May-2013

NAV

as of 21-May-2013

Close $21.59 $21.60
Change $0.01   0.05% $0.02   0.09%
52-week Range 19.58 - 21.78 19.56 - 21.73

Tools

Top Daily Holdings* as of 21-May-2013
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Holding % of Fund Coupon Maturity Ratings
SPRINT NEXTEL CORPORATION 1.38% 9.00 15-Nov-2018 Ba3/BB-
COMMUNITY HEALTH SYSTEMS INC 1.32% 8.00 15-Nov-2019 NR/B
FIRST DATA CORP 1.27% 12.63 15-Jan-2021 Caa1/B-
INMET MINING CORPORATION 1.14% 8.75 01-Jun-2020 B1/B+
WARNER CHILCOTT CO LLC 1.07% 7.75 15-Sep-2018 B3/BB
INTERNATIONAL LEASE FINANCE CORP 0.99% 8.75 15-Mar-2017 Ba3/BBB-
COMMSCOPE INC. 0.97% 8.25 15-Jan-2019 B3/B
BIOMET INC 0.95% 6.50 01-Aug-2020 B3/B-
ROYAL BANK OF SCOTLAND GROUP PLC 0.95% 6.13 15-Dec-2022 Ba3/BB+
GOODYEAR TIRE & RUBBER CO 0.93% 8.25 15-Aug-2020 B1/B+
Total: 10.97%      
*Holdings are subject to change.

Sector Breakdown as of 21-May-2013
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Sector

% of Fund

Sector

% of Fund

 
Industrial
73.30%
 
Financial Institutions
3.93%
 
Utility
6.32%
 
Other/Undefined
16.45%

Maturity as of 21-May-2013
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Timeframe % of Maturity
0 - 1 Year 0.00%
1 - 5 Years 15.01%
5 - 10 Years 81.54%
10 - 15 Years 1.17%
15 - 20 Years 0.47%
20 - 25 Years 0.00%
25+ Years 0.00%
Average: 4.53  Years

Yield as of 21-May-2013
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  % of Yield
Distribution Yield Distribution Yield

The annual yield an investor would receive if the most recent fund distribution stayed the same going forward. The yield represents a single distribution from the fund and does not represent the total return of the fund. The yield is calculated by annualizing the most recent distribution and dividing by the fund NAV from the as-of date. This figure is net of management fees and other fund expenses.

 		5.50%
12-Month Trailing Yield 12-Month Trailing Yield

The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by summing any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. This figure does not take into account management fees or other fund expenses.

 		5.95%
Weighted Average Yield to Maturity (%) Weighted Average Yield to Maturity (%)

The average YTM is the interest rate that will make the present value of the cash flows from a bond equal to its market price plus accrued interest. The average yield to maturity considers not only the coupon income, but any capital gain or loss that the investor will realize by holding the bonds to maturity. It also considers the reinvestment of the coupons.

 		4.97%

Fundamentals & Risk as of 21-May-2013

 
Weighted Average Term Weighted Average Term

The average number of years that each dollar of unpaid principal due on the mortgage remains outstanding.

 		4.53
Weighted Average Coupon (%) Weighted Average Coupon (%)

The mean of the coupon rate of the underlying bonds in a portfolio.

 		7.40%
Weighted Average Duration (yrs) Weighted Average Duration (yrs)

The mean duration of the underlying bonds in the portfolio of the fund.

Duration is a measure of the responsiveness of a bond's price to small changes in interest rates. Bond prices generally move inversely to interest rates.

 		4.17

Profile

as of 21-May-2013

 
Assets Under Management $45,895,577
Fiscal Year End 31-Dec-2012
Units Outstanding 2,125,000
Number of Holdings 307
Inception Date 08-Jan-2010
Index Provider Barclays Capital
Underlying Index Barclays Capital U.S. High-Yield Very Liquid Index CAD Hedged

Fees & Expenses

 
Management Fee Management Fee

The annual fee payable by the fund to BlackRock Canada for acting as trustee and manager of the fund.

 		  1.00%
Management Expense Ratio (MER) Management Expense Ratio(MER)

As reported in the fund's most recent Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holdings of other ETFs.

 		  1.11%
Service Fee   0.50%
Forward Structure Costs Forward Structure Costs

Forward structure costs can vary with market conditions

 		  0.55% to 0.75%

Distribution Information as of  21-May-2013

 
Program Eligibility* DRIP / PACC / SWP
Eligible for Registered Plans Yes**
Distribution Frequency Monthly
Last Distribution per Share $0.09900
Distribution Yield 5.50%
Last Date Paid 31-May-2013
*BlackRock Canada offers these programs through the fund's transfer agent. Participation by individual brokerage can vary.
**Investors should consult their plan operator to verify whether their specific account supports investments in iShares ETFs.

Trading Information

 
Ticker CHB.A
Underlying Index Barclays Capital U.S. High-Yield Very Liquid Index CAD Hedged
Exchange Toronto Stock Exchange
CUSIP 46432G204
Listed Options N

Quality Ratings

as of 21-May-2013

Rating Moody's S&P
Aaa/AAA 0.00% 0.00%
Aa1/AA+ 0.00% 0.00%
Aa2/AA 0.00% 0.00%
Aa3/AA- 0.00% 0.00%
A1/A+ 0.00% 0.00%
A2/A 0.00% 0.00%
A3/A- 0.00% 0.00%
Baa1/BBB+ 0.00% 0.00%
Baa2/BBB 0.10% 0.00%
Baa3/BBB- 0.00% 3.67%
Ba1/BB+ 5.42% 8.83%
Ba2/BB 9.59% 12.63%
Ba3/BB- 16.65% 13.76%
B1/B+ 19.50% 12.83%
B2/B 9.68% 16.03%
B3/B- 15.59% 11.06%
Caa1/CCC+ 7.91% 8.64%
Caa2/CCC 2.82% 1.95%
Caa3/CCC- 0.00% 0.33%
Ca/CC 0.00% 0.25%
C/C 0.06% 0.00%
NR/NR 5.50% 4.20%
Other/Other 0.00% 0.00%