ETF Sage
Canadian ETF knowledgebase
ETF Sage
Canadian ETF knowledgebase
The fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the Dow Jones Canada Select Dividend Index through investments in the constituent issuers of such index, net of expenses.
The index is comprised of 30 of the highest yielding, dividend-paying companies in the Dow Jones Canada Total Market Index, as selected by Dow Jones using a rules-based methodology including an analysis of dividend growth, yield and average payout ratio.
The Dow Jones Canada Select Dividend Index represents high dividend-paying companies whose stocks trade in Canada.
The universe for the index is defined as all dividend-paying companies in the Dow Jones Canada Index.
To be eligible for selection, stocks that are not current index components must have a nonnegative historical five-year dividend-per-share growth rate.
In addition, the company's payout ratio must be less than 80% for all companies. Daily average dollar volume for the three-month period prior to the review must be $1,000,000. The company must have paid dividends in each of the previous five years. Current index components are included in the universe regardless of their dividend payout ratio or dollar volume.
The index composition is determined by selecting stocks from the universe based on size, trading volume and financial indicators.
The index incorporates a cap: the weight of any individual company is restricted to 10% within the index.
| Fundamentals | |
|---|---|
| Category (main) | Canadian Equity Income |
Underlying Index  |
Dow Jones Canada Select Dividend Index |
| ETF Structure | Passive type. Endeavours to return the Index return before fees/costs |
| Asset Class |
Equity Income |
| Region |
Canada |
| Issuer | iShares Canada by Blackrock |
| ETF Home Page | Available here |
| Fund Facts | |
|---|---|
| Inception Date | 19 Dec 2005 |
| Total Holdings |
30 |
Distribution Frequency  |
Monthly |
| Leverage |
None |
| Significant Currency Exposure
|
No |
| Currency Hedging
|
Not applicable |
| Fees | |
|---|---|
| Management Fee |
0.50% |
| Management Expense Ratio (MER) |
0.55% |
| Trading Information | |
|---|---|
| Ticker | XDV |
| Exchange |
TSX (Toronto Stock Exchange) |
| Currency |
CAD |
| Eligibility | |
|---|---|
| Eligibility * |
RRSP, RRIF, RESP, TFSA, DPSP, RDSP |
| DRIP available ** |
Yes |
| PACC Plan available ** |
No |
| SWP available ** |
No |
* 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:
