Canadian ETF knowledgebase
The fund of ETFs – providing an asset allocation solution that is efficient, balanced and diversified.
The fund has been designed to replicate, to the extent possible, the performance of the Sabrient Global Balanced Income Index.
The fund spans several core asset classes, including Canadian and Global Equity, Emerging Markets Equity, Global Real Estate, Fixed Income, Preferred Shares, Commodities, in one low-cost fund.
iShares Balanced Income CorePortfolio Index Fund mandates a focus on ETFs containing dividend and income equities and fixed income securities.
The strategic allocation of the index is rebalanced quarterly by Sabrient to preserve the original profile.
The Sabrient Global Balanced Indexes are designed to identify a group of existing ETFs that together provide a balanced allocation to equities and fixed income within defined ranges.
|Category (main)||Global multi-asset classes - Balanced Income|
|Category (other)||Fund of funds|
|Underlying Index||Sabrient Global Balanced Income Index|
|ETF Structure||ETF of ETFs (ie fund of funds)|
|Asset Class||Multi-asset classes - Balanced Income|
|Issuer||iShares Canada by Blackrock|
|ETF Home Page||Available here|
|Inception Date||20 Jun 2007|
|Total Holdings||17 (895) *1|
|Significant Currency Exposure||Yes|
|Currency Hedging||Maybe *2|
*1 Holds various iShares ETFs
*2 Prospectus states fund MAY employ currency hedging
|Management Expense Ratio (MER)||0.72%|
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Yes|
|PACC Plan available **||Yes|
|SWP available **||Yes|
* Always check eligibility with your plan operator as plans and accounts can differ
** Not all brokers can facilitate these plans. Check with your broker.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
Blackrock need to improve their website and fund Fact Sheets.
Neither make these important aspects clear for this fund:
We also encourage Blackrock to look at ways of reducing the fund's MER ().
An MER that is circa 3x the Management Fee seems unreasonable and excessive to us.