ETF Sage
Canadian ETF knowledgebase
ETF Sage
Canadian ETF knowledgebase
The investment objective of the iShares Silver Bullion Fund (CAD Hedged) is to replicate the performance of the price of Silver bullion, less its expenses and fees. The Fund is not actively managed. The iShares Silver Bullion Fund (CAD Hedged) does not anticipate making regular distributions.
The assets of the iShares Silver Bullion Fund (CAD Hedged) consist primarily of physical Silver bullion (the 'Portfolio") which the fund purchases and holds in accordance with its investment objective, strategy, policies and restrictions, as well as any forward contracts relating to the currency hedge of the hedged common units and cash.
The iShares Silver Bullion Fund (CAD Hedged) invests its assets in holdings of unencumbered Silver bullion, in 1000 troy ounce international bar sizes, and will not speculate with regard to short-term changes in Silver prices. This strategy provides investors with the ability to invest in unencumbered Silver bullion in a convenient, tradable and secure manner without the associated inconvenience and high transaction, handling, storage, insurance and other costs typical of direct Silver bullion investment.
All physical Silver bullion owned by the iShares Silver Bullion Fund (CAD Hedged) is stored in the vault facilities of a Canadian Schedule I chartered bank, or an affiliate or a division thereof, on an allocated and segregated basis.
| Fundamentals | |
|---|---|
| Category (main) | Commodity - Silver bullion |
Underlying Index  |
No Index |
| ETF Structure | Passive type. No index. Fund holds physical Silver bullion. |
| Asset Class |
Commodity - Silver |
| Region |
Not applicable |
| Issuer | iShares Canada by Blackrock |
| ETF Home Page | Available here |
| Fund Facts | |
|---|---|
| Inception Date | 15 July 2009 |
| Total Holdings |
Physical Silver |
Distribution Frequency  |
Annually |
| Leverage |
None |
| Significant Currency Exposure
|
Yes |
| Currency Hedging
|
Yes |
| Fees | |
|---|---|
| Management Fee |
0.60% |
| Management Expense Ratio (MER) |
0.66% |
| Trading Information | |
|---|---|
| Ticker | SVR |
| Exchange |
TSX (Toronto Stock Exchange) |
| Currency |
CAD |
| Eligibility | |
|---|---|
| Eligibility * |
RRSP, RRIF, RESP, TFSA, DPSP, RDSP |
| DRIP available ** |
Unknown |
| PACC Plan available ** |
Unknown |
| SWP available ** |
Unknown |
* 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:
