ETF Sage
Canadian ETF knowledgebase
iShares Japan Fundamental Index Fund seeks to track the FTSE RAFI Japan CAD-Hedged Index, less fees and expenses.
CJP offers lower costs with a hedged exposure to the Yen, reducing risks for Canadians.
The index weights constituents using four accounting factors, rather than market capitalization. These four factors include:
This ETF tracks a Fundamental Index. The strategy is known as Fundamental Index or Fundamental Indexation.
Fundamental Indexation is designed to overcome the limitations of traditional indices based on market capitalization. Fundamental Indexation weights its constituents based on company fundamental factors including dividends, total sales, free cash flow and book equity value, each variable not depending on the fluctuations of the market valuation.
Fundamental Indexation seeks to identify the true "fair value" of each company.
Fundamentals | |
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Category (main) | Japan Equity - Fundamental Index |
Underlying Index | FTSE RAFI Japan CAD-Hedged Index |
ETF Structure | Passive type. Aims to track Fundamental index |
Asset Class | Equity |
Region | Japan |
Issuer | iShares Canada by Blackrock |
ETF Home Page | Available here |
Fund Facts | |
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Inception Date | 13 Feb 2007 |
Total Holdings | 261 |
Distribution Frequency | Quarterly |
Leverage | None |
Significant Currency Exposure | Yes |
Currency Hedging | Yes |
Fees | |
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Management Fee | 0.65% |
Management Expense Ratio (MER) | 0.72% |
Trading Information | |
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Ticker | CJP |
Exchange | TSX (Toronto Stock Exchange) |
Currency | CAD |
Eligibility | |
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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: