Key stats
About ISHARES MSCI MIN VOL USA INDEX ETF UNIT
Home page
Inception date
Jul 24, 2012
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
BlackRock Asset Management Canada Ltd.
The fund offers a minimum-volatility portfolio of US stocks. The fund's index uses an optimization algorithm to build a minimum variance portfolio, one that considers correlation between stocks rather than simply holding a basket of low-vol stocks. While XMU applies sector constraints in its optimizer, sector bets can be substantial, if unsurprising. The fund typically overweights defensive, dividend-paying sectors. XMUs optimizer also aims to keep other risk factors marketlike as it dials back on volatility. The fund takes substantially less risk than the market portfolio as shown by low beta. Sibling fund XMS, offers the same exposure but hedged to CAD.
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
Technology Services
Finance
Electronic Technology
Health Technology
Stocks99.85%
Technology Services18.91%
Finance16.95%
Electronic Technology10.23%
Health Technology10.22%
Consumer Non-Durables7.77%
Utilities7.49%
Retail Trade5.99%
Industrial Services5.16%
Communications3.99%
Consumer Services3.22%
Distribution Services2.41%
Energy Minerals2.18%
Health Services2.04%
Commercial Services1.35%
Transportation0.75%
Process Industries0.72%
Non-Energy Minerals0.34%
Producer Manufacturing0.12%
Bonds, Cash & Other0.15%
Cash0.15%
Stock breakdown by region
North America95.50%
Europe4.04%
Latin America0.47%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history