iShares Managed Futures Index Fund - CMF

ETF Overview

The fund seeks to track the performance of the Guggenheim Managed Futures Index, before fees and expenses.

The fund will provide investment exposure to a diverse set of U.S. traded commodity, currency, equity, and fixed income futures contracts.

The strategy employs an established systematic model that seeks to profit from price trends and draws upon the best practices for trend-following, risk management, and portfolio construction.

As the future contracts traded in the Index are denominated in U.S. dollars, the Fund utilizes a U.S. dollar hedging strategy to reduce overall volatility from foreign exchange rate fluctuations.

The Forward Agreement Structure

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 and/or capital gains 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.

Be aware that the forward structure adds additional costs to the ETF. These costs are not included in the MER.

Key ETF Data

Fundamentals
Category (main)	Managed Futures - commodity, currency, equity, and fixed income futures contracts (Long/Flat/Short Futures)
Underlying Index	Guggenheim Managed Futures Index
ETF Structure	Passive type. Endeavours to return the Index return before fees/costs
Asset Class	Futures
Region	Canada
Issuer	iShares Canada by Blackrock
ETF Home Page	Available here

Fund Facts
Inception Date	10 Feb 2012
Total Holdings	28
Distribution Frequency	Annual
Leverage	Yes *
Significant Currency Exposure	Yes
Currency Hedging	Yes

* ETF may employ leverage. The amount actually employed and the maximum employable are unfortunately not specified by iShares

Fees
Management Fee	0.95%
Management Expense Ratio (MER)	1.05%
Forward Structure Costs	0.55% to 0.75%

Trading Information
Ticker	CMF:CN
Exchange	TSX (Toronto Stock Exchange)
Currency	CAD

Eligibility
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.

Current Price, Fund Performance, Yield, NAV, Charts etc

To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:

This ETF may employ leverage.

The amount actually employed and the maximum employable are unfortunately not specified by iShares.

The Total Daily Holdings percentage figure may be greater than 100% because:

leverage is being employed
this fund can hold long and short positions
managed future funds must post collateral equal or higher than the actual value of the futures contracts