CVD.A - Advantaged Convertible Bond Index Fund

Commencement Date: 14-Jun-2011
iShares Advantaged Convertible Bond Index Fund seeks to track, less fees and expenses, the DEX Convertible Bond Index – an equally weighted index, rebalanced monthly, of convertible bonds from Canadian issuers. They must be a) on a Canadian exchange b) in CAD$; c) not currently in default of payment of either interest or principal; d) with a minimum monthly volume of $500,000, e) a minimum outstanding amount of $50 million; and f) the price of the bond must be greater than 80% and less than 120% of the principal amount of such bond.

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.
CVD.A CAD

Quote

Historical Prices

 

Market Price

as of 21-May-2013

NAV

as of 21-May-2013

Close $19.62 $19.47
Change $0.01   0.05% $0.00   0.00%
52-week Range 19.39 - 20.36 19.44 - 20.20

Tools

Top Daily Holdings* as of 21-May-2013
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Holding % of Fund Coupon Maturity Ratings
PEMBINA PIPELINE CORP 2.04% 5.75 30-Nov-2020 --
PEMBINA PIPELINE CORP 1.97% 5.75 31-Dec-2018 --
BELLATRIX EXPLORATION LTD 1.89% 4.75 30-Apr-2015 --
TRANSFORCE INC 1.88% 6.00 30-Nov-2015 --
CANEXUS INCOME FUND 1.80% 5.75 31-Dec-2015 --
FIRST CAPITAL REALTY INC 1.79% 5.70 30-Jun-2017 --
BORALEX INC 1.77% 6.75 30-Jun-2017 --
H&R REAL ESTATE INVESTMENT TRUST 1.77% 5.90 30-Jun-2020 --
CHEMTRADE LOGISTICS INCOME FUND 1.76% 6.00 31-Mar-2017 --
TRANSFORCE INC 1.75% 5.65 30-Sep-2018 --
Total: 18.42%      
*Holdings are subject to change.

Sector Breakdown as of 21-May-2013
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Sector

% of Fund

Sector

% of Fund

 
Financials
27.72%
 
Oil & Gas
8.11%
 
Industrials
20.93%
 
Basic Materials
6.07%
 
Utilities
11.90%
 
Consumer Goods
3.34%
 
Consumer Services
9.89%
 
Other/Undefined
12.04%

Maturity as of 21-May-2013
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Timeframe % of Maturity
0 - 1 Year 3.07%
1 - 5 Years 64.67%
5 - 10 Years 27.80%
10 - 15 Years 0.00%
15 - 20 Years 0.00%
20 - 25 Years 0.00%
25+ Years 0.00%
Average: 2.47  Years

Yield as of 17-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.

 		4.44%
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.

 		4.51%
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.

 		3.42%

Fundamentals & Risk as of 17-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.

 		2.47
Weighted Average Coupon (%) Weighted Average Coupon (%)

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

 		5.82%
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.

 		1.96

Profile

as of 21-May-2013

 
Assets Under Management $10,707,860
Fiscal Year End 31-Dec-2012
Units Outstanding 550,000
Number of Holdings 60
Inception Date 14-Jun-2011
Index Provider PC Bond
Underlying Index DEX Convertible 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.

 		  0.95%
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.

 		  1.02%
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  17-May-2013

 
Program Eligibility* DRIP / PACC / SWP
Eligible for Registered Plans Yes**
Distribution Frequency Monthly
Last Distribution per Share $0.07200
Distribution Yield 4.44%
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 CVD.A
Underlying Index DEX Convertible Bond Index
Exchange Toronto Stock Exchange
CUSIP 46432K106
Listed Options N