Key stats
About ISHARES US AEROSPACE & DEFENSE INDE CAD UNIT
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Inception date
Sep 6, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
BlackRock Asset Management Canada Ltd.
The fund tracks a market-cap-weighted index of US-listed manufacturers, assemblers and distributors of aircraft and aircraft parts primarily used in commercial or private air transport and producers of components and equipment for the defense industry, including military aircraft, radar equipment and weapons. The fund caps its holdings to meet diversification requirements, limiting a single company to 22.5% of the fund’s assets, and preventing completely unbiased exposure to the top few that dominate the industry. Despite this, ITA still allocates holdings to a mixture of large, mid, and small-cap companies. The fund uses a representative sampling strategy instead of replicating the underlying index. The index is rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Transportation
Stocks99.90%
Electronic Technology74.55%
Transportation21.61%
Producer Manufacturing3.54%
Commercial Services0.11%
Consumer Durables0.10%
Bonds, Cash & Other0.10%
Cash0.10%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
XAD invests in stocks. The fund's major sectors are Electronic Technology, with 74.55% stocks, and Transportation, with 21.61% of the basket. The assets are mostly located in the North America region.
XAD top holdings are GE Aerospace and RTX Corporation, occupying 20.99% and 14.20% of the portfolio correspondingly.
XAD last dividends amounted to 0.20 CAD. Six months before that, the issuer paid 0.10 CAD in dividends, which shows a 47.23% increase.
XAD assets under management is 39.04 M CAD. It's risen 21.43% over the last month.
XAD fund flows account for 26.48 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, XAD pays dividends to its holders with the dividend yield of 0.38%. The last dividend (Jan 3, 2025) amounted to 0.20 CAD. The dividends are paid semi-annually.
XAD shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Sep 6, 2023, and its management style is Passive.
XAD expense ratio is 0.46% meaning you'd have to pay 0.46% of your investment to help manage the fund.
XAD follows the Dow Jones U.S. Select Aerospace & Defense Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
XAD invests in stocks.
XAD price has risen by 12.35% over the last month, and its yearly performance shows a 32.39% increase. See more dynamics on XAD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 12.12% over the last month, showed a 9.21% increase in three-month performance and has increased by 33.59% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 12.12% over the last month, showed a 9.21% increase in three-month performance and has increased by 33.59% in a year.
XAD trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.