Fixed Income

CBO

iShares 1-5 Year Laddered Corporate Bond Index ETF

  • NAV as of Dec 8, 2023 CAD 17.53
    52 WK: 16.94 - 17.57
  • 1 Day NAV Change as of Dec 8, 2023 -0.04 (-0.23%)
  • NAV Total Return as of Dec 7, 2023 YTD: 5.24%

Overview

Why CBO?

1. Invests in a portfolio of Canadian corporate bonds, with laddered maturities from 1-5 years

2. Provides access to investment grade bonds plus monthly cash distributions

3. Can be used to mitigate interest rate risk

INVESTMENT OBJECTIVE

Seeks to replicate the performance of the FTSE Canada 1-5 Year Laddered Corporate Bond Index™, net of expenses.
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Performance

Performance

Growth of Hypothetical $10,000

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The above results are hypothetical and are intended for illustrative purposes only. The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses, were deducted. As a result of the risks and limitations inherent in hypothetical performance data, hypothetical results may differ from actual performance.

Unlike an actual performance record, simulated results do not represent actual performance and are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. There are frequently differences between simulated performance results and the actual results subsequently achieved by any particular fund. In addition, since trades have not actually been executed, simulated results cannot account for the impact of certain market risks such as lack of liquidity. There are numerous other factors related to the markets in general or the implementation of any specific investment strategy, which cannot be fully accounted for the in the preparation of simulated results and all of which can adversely affect actual results.

Distributions

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Ex-Date Payable Date Record Date Cash Amount Total Distribution Reinvested

Tax Distribution Characteristics: link

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Year Total Distribution per Unit for Tax Purposes Eligible Dividends Non Eligible Dividends Other Income Capital Gains Return of Capital Interest Income Foreign Income Foreign Tax Paid

All amounts given in Canadian dollars.

 

At least once each year, the Fund will distribute all net taxable income to investors. These distributions will either be paid in cash or reinvested in the Fund, as may be determined by BlackRock Asset Management Canada Limited from time to time. These distributions will consist primarily of distributions received from the securities held within the Fund less Fund expenses, plus any realized capital gains generated from securities transactions within the Fund.

 

The amounts of past distributions are shown below. The characterization of distributions for tax purposes (such as dividends, other income, capital gains etc.) for each period will be reported only after the Fund's tax year end. Therefore, the chart below showing the tax characteristics will be updated only once each tax year. For tax purposes, these amounts will be reported by brokers on official tax statements.

DRIP/PACC

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Date DRIP
Date PACC
Date SWP
  1y 3y 5y 10y Incept.
Total Return (%) 4.28 -0.41 1.81 1.73 2.58
Benchmark (%) 4.55 -0.14 2.10 2.05 3.03
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 4.35 2.19 2.30 2.51 4.28 -1.22 9.39 18.76 45.57
Benchmark (%) 4.63 2.19 2.37 2.64 4.55 -0.41 10.95 22.52 55.29
  2018 2019 2020 2021 2022
Total Return (%) 1.37 4.20 5.87 -1.11 -4.64
Benchmark (%) 1.68 4.48 6.18 -0.83 -4.37

Key Facts

Key Facts

Net Assets as of Dec 8, 2023 CAD 715,185,624
Commencement Date Feb 25, 2009
Exchange Toronto Stock Exchange
Asset Class Fixed Income
Benchmark Index FTSE Canada 1-5 Year Laddered Corporate Bond Index™
Units Outstanding as of Dec 8, 2023 40,800,000
CUSIP 46433Q102
Price as of Dec 8, 2023 17.54
Number of Holdings as of Dec 7, 2023 346

Portfolio Characteristics

Portfolio Characteristics

Investment Program* PACC / SWP / DRIP
12m Trailing Yield as of Dec 7, 2023 2.82%
Eligible for Registered Plans Yes
Distribution Frequency Monthly
Last Distribution per Share as of Nov 15, 2023 0.04
DRIP Price as of Nov 21, 2023 17.52
Distribution Yield as of Dec 7, 2023 3.01%
Weighted Avg YTM as of Dec 7, 2023 4.91%
Weighted Avg Coupon as of Dec 7, 2023 3.11%
Weighted Avg Maturity as of Dec 7, 2023 3.39 yrs
Effective Duration as of Dec 7, 2023 2.89 yrs

* DRIP/PACC/SWP Investment Programs

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


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