Canadian ETF knowledgebase
The fund has been designed to replicate, to the extent possible, the performance of the Dow Jones North America Select Junior Gold Index, net of expenses.
The fund invests in and holds the constituent securities in the same proportion as they are reflected in the index.
The Dow Jones North America Select Junior Gold Index is a float-adjusted market capitalization weighted index that tracks the securities that are classified as gold mining and that possess float-adjusted market values that are between certain established thresholds.
To be included in the index as a Constituent Security, an issue generally must be: (i) a company's common shares or other securities that have the characteristics of common equities; and (ii) the security of a company that is incorporated in, or has its primary market listing in, Canada or the United States; and (iii) the securities which meet certain minimum trading volume thresholds.
|Category (main)||North American Equity (Small Cap) - Junior Gold|
|Underlying Index||Dow Jones North America Select Junior Gold Index|
|ETF Structure||Passive type. Endeavours to return the Index return before fees/costs|
|Asset Class||Equity (Small Cap) - Junior Gold|
|ETF Home Page||Available here|
|Inception Date||Jan 19, 2010|
|Significant Currency Exposure||Some *|
* Fund invests circa 90% Canada, circa 10% USA
|Management Expense Ratio (MER)||0.60%|
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Yes|
|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:
We consider an MER () of 0.60% as excessive given the ETF holds just 11 stocks.