ducovest

CVD:CA:TSX-iShares Convertible Bond Index ETF (CAD)

ETF | High Yield Fixed Income | Toronto Stock Exchange

Last Closing

CAD 16.41

Change

0.00 (0.00)%

Market Cap

CAD 0.12B

Volume

2.06K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The investment seeks to replicate, net of expenses, the DEX Convertible Bond index. The index is an equal weighted index consisting of convertible bonds of Canadian issuers. To be eligible, a constituent must list on a Canadian exchange, be issued in Canadian dollars, not currently be in default, have a minimum monthly volume of $500,000, have a minimum outstanding amount of $50 million and the have the price of the bond be greater than 80 percent and less than 120 percent of the principal amount.

Company Website : www.ishares.com

Currency: CAD

Country : Canada

Inception Date: 14/06/2011

Primary Benchmark: FTSE TMX Canada Convertible Bond TR CAD

Primary Index: Barclays Global High Yield TR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.50 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-03-27 )

Largest Industry Peers for High Yield Fixed Income

Symbol Name Mer Price(Change) Market Cap
ZJK:CA BMO High Yield US Corporate Bo.. 0.58 %

-0.02 (-0.11%)

 CAD 1.04B
ZHY:CA BMO High Yield US Corporate Bo.. 0.60 %

-0.02 (-0.18%)

 CAD 0.95B
MUB:CA Mackenzie Unconstrained Bond E.. 0.58 %

+0.08 (+0.45%)

 CAD 0.90B
ZEF:CA BMO Emerging Markets Bond (CAD.. 0.55 %

+0.01 (+0.08%)

 CAD 0.61B
XHY:CA iShares U.S. High Yield Bond I.. 0.67 %

+0.09 (+0.56%)

 CAD 0.41B
ZGSB:CA BMO Global Strategic Bond ETF 0.82 %

+0.05 (+0.19%)

 CAD 0.18B
SYLD:CA Purpose Strategic Yield Fund E.. 1.22 %

-0.14 (-0.76%)

 CAD 0.07B
DXO:CA Dynamic Active Crossover Bond .. 0.56 %

-0.13 (-0.68%)

 CAD 0.06B
XSI:CA iShares Short Term Strategic F.. 0.56 %

-0.09 (-0.54%)

 CAD 0.04B
QHY:CA Mackenzie US High Yield Bond I.. 0.56 %

N/A

 CAD 0.04B

ETFs Containing CVD:CA

ETP 0.00 % 1.52 %

N/A

 N/A
FTB:CA 0.00 % 0.95 %

N/A

 N/A

Market Performance

  Market Performance vs. Industry/Classification (High Yield Fixed Income) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 0.37% 58% F 29% F
Dividend Return 1.37% 67% D+ 63% D
Total Return 1.74% 75% C 32% F
Trailing 12 Months  
Capital Gain -3.53% 8% B- 26% F
Dividend Return 4.32% 42% F 68% D+
Total Return 0.79% 8% B- 30% F
Trailing 5 Years  
Capital Gain -9.34% 83% B 29% F
Dividend Return 17.92% 67% D+ 80% B-
Total Return 8.59% 83% B 39% F
Average Annual (5 Year Horizon)  
Capital Gain -2.59% 85% B 28% F
Dividend Return 1.09% 85% B 41% F
Total Return 3.68% 69% C- 82% B
Risk Return Profile  
Volatility (Standard Deviation) 8.10% 54% F 76% C+
Risk Adjusted Return 13.41% 85% B 46% F
Market Capitalization 0.12B 50% F 36% F

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.