CLF - 1-5 Year Laddered Government Bond Index Fund

The iShares 1-5 Year Laddered Government Bond Index Fund seeks to track the FTSE TMX Canada 1-5 Year Laddered Government Bond Index, less fees and expenses. The fund offers exposure to the constituent securities of the index, which offers a well-diversified government bond portfolio with laddered maturity levels from 1-5 years.
CLF CAD

Quote

Historical Prices

 

Market Price

as of 23-Apr-2014

NAV

as of 23-Apr-2014

Close $19.35 $19.35
Change -$0.03   -0.15% -$0.05   -0.24%
52-week Range 19.28 - 19.76 19.30 - 19.75

Top Daily Holdings* as of 22-Apr-2014
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Holding % of Fund Coupon Maturity Ratings
CANADA (GOVERNMENT OF) 4.25% 2.00 01-Dec-2014 AAA
ONTARIO (PROVINCE OF) 3.90% 4.50 08-Mar-2015 AA
MANITOBA (PROVINCE OF) 3.86% 4.80 03-Dec-2014 AA
CANADA (GOVERNMENT OF) 3.85% 4.50 01-Jun-2015 AAA
QUEBEC (PROVINCE OF) 3.75% 5.50 01-Dec-2014 A
CANADA (GOVERNMENT OF) 2.84% 1.25 01-Sep-2018 AAA
ONTARIO CANADA (PROVINCE OF) 2.84% 4.40 02-Jun-2019 AA
ONTARIO PROVINCE OF 2.83% 2.10 08-Sep-2018 AA
CANADA HOUSING TRUST NO 1 2.80% 4.10 15-Dec-2018 AAA
QUEBEC (PROVINCE OF) 2.80% 4.50 01-Dec-2018 A
Total: 33.72%      
*Holdings are subject to change.

Sector Breakdown as of 22-Apr-2014
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Sector

% of Fund

Sector

% of Fund

 
Provincial
63.82%
 
Municipal
4.47%
 
Federal
30.50%
 
Other/Undefined
1.22%

Maturity as of 22-Apr-2014
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Timeframe % of Maturity
0 - 1 Year 15.76%
1 - 5 Years 77.39%
5 - 10 Years 5.63%
10 - 15 Years 0.00%
15 - 20 Years 0.00%
20 - 25 Years 0.00%
25+ Years 0.00%
Average: 2.71  Years

Yield as of 22-Apr-2014
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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.

3.46%
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 trailing yield is calculated by summing any income distributions over the past twelve months and dividing by the fund NAV from the as-of date. This figure is net of management fees and other fund expenses.

3.67%
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.

1.42%

Fundamentals & Risk as of 22-Apr-2014

 
Weighted Average Term Weighted Average Term

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

2.71
Weighted Average Coupon (%) Weighted Average Coupon (%)

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

3.93%
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.

2.53

Profile

as of 23-Apr-2014

 
Assets Under Management $973,110,954
Assets Under Management (Common and Advisor) $1,033,917,440
Fiscal Year End 31-Dec-2014
Units Outstanding 50,300,000
Number of Holdings 38
Inception Date 31-Jan-2008
Index Provider FTSE TMX Global Debt Capital Markets Inc.
Underlying Index FTSE TMX Canada 1-5 Year Laddered Government Bond Index™

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.

  0.15%
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.

  0.17%

Distribution Information as of  22-Apr-2014

 
Program Eligibility* DRIP / PACC / SWP
Eligible for Registered Plans Yes**
Distribution Frequency Monthly
Last Distribution per Share $0.05579
Distribution Yield 3.46%
Last Date Paid 30-Apr-2014
*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 CLF
Underlying Index FTSE TMX Canada 1-5 Year Laddered Government Bond Index™
Exchange Toronto Stock Exchange
CUSIP 46432E100
Listed Options N

Ratings

as of 22-Apr-2014

Ratings % of Fund
AAA 42.14%
AA 31.83%
A 24.81%
BBB 0.00%
BB 0.00%
B 0.00%
CCC 0.00%
CC 0.00%
C 0.00%
D 0.00%
Other 1.22%
Cash 0.00%