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 S&P 500 Hedged to Canadian Dollars Index, net of expenses.
The index is a market capitalization-weighted index of securities of 500 of the largest U.S. public issuers provided by S&P, hedged to Canadian dollars.
The investment strategy of XSP is to invest primarily in shares of a U.S. iShares Fund that seeks investment results that correspond generally to the applicable index and to hedge any resulting U.S. dollar currency exposure back to Canadian dollars.
Invests primarily in the U.S.-domiciled:
The S&P 500 Index is a leading barometer for the U.S. equity market. It consists of 500 of the largest (measured by market capitalization) and most liquid (heavily traded) stocks listed in the U.S.
The S&P 500 Hedged to Canadian Dollars Index is the S&P 500 Index with US dollar currency exposure removed, so that the returns of the S&P 500 stocks will not be impacted by changes in US/Canadian dollar exchanges rates.
| Fundamentals | |
|---|---|
| Category (main) | USA Equity - Large & Mid-Cap |
Underlying Index  |
S&P 500 CAD Hedged |
| ETF Structure | Passive type. Endeavours to return the Index return before fees/costs |
| Asset Class |
Equity - Large & Mid-Cap |
| Region |
USA |
| Issuer | iShares Canada by Blackrock |
| ETF Home Page | Available here |
| Fund Facts | |
|---|---|
| Inception Date | 24 May 2001 |
| Total Holdings |
1 (501) * |
Distribution Frequency  |
Semi-Annual |
| Leverage |
None |
| Significant Currency Exposure
|
Yes |
| Currency Hedging
|
Yes |
* Holds the US-based iShares Core S&P 500 ETF
| Fees | |
|---|---|
| Management Fee |
0.10% |
| Management Expense Ratio (MER) |
0.11% |
| Trading Information | |
|---|---|
| Ticker | XSP |
| 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:
iShares US includes a wealth of data on the iShares Core S&P 500 ETF, including:
