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iShares US Fundamental Index ETF - Hedged Units (CLU : NEO)

U.S. Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

Close
(01-17-2025)
$55.62
Change
$0.41 (0.74%)
Open $55.32
Day Range $55.32 - $55.65
Volume 3,706

As at December 31, 2024

As at December 31, 2024

As at December 31, 2024

Period

Chart

Combination chart with 3 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 3 Y axes displaying Closing Price Volume and navigator-y-axis.
Viewing Data ranges from 2017-06-20 00:00:00 to 2025-01-17 00:00:00.
End of interactive chart.

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
Viewing Data ranges from 2017-06-20 00:00:00 to 2025-01-17 00:00:00.
End of interactive chart.

Legend

iShares US Fundamental Index ETF - Hedged Units

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Fund Returns

Inception Return (September 08, 2006): 7.25%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -5.88% -0.98% 6.13% 14.78% 14.78% 14.07% 5.67% 11.20% 9.80% 12.19% 8.64% 9.36% 10.04% 8.54%
Benchmark 0.26% 9.12% 14.00% 36.01% 36.01% 29.51% 13.64% 17.10% 16.90% 18.24% 16.09% 15.80% 14.98% 15.55%
Category Average -1.71% 10.11% 10.11% 26.96% 26.96% 22.84% 8.90% 12.32% 12.65% 14.27% 11.75% 11.96% 11.30% 11.21%
Category Rank 1,295 / 1,332 1,277 / 1,332 1,181 / 1,309 1,199 / 1,285 1,199 / 1,285 1,076 / 1,188 946 / 1,124 766 / 1,069 851 / 1,004 743 / 928 750 / 856 648 / 770 539 / 693 582 / 645
Quartile Ranking 4 4 4 4 4 4 4 3 4 4 4 4 4 4

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -5.8816 to 6.6998.
End of interactive chart.
Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.72% 3.89% 4.74% -4.50% 3.40% -0.07% 4.21% 1.62% 1.22% -1.08% 6.36% -5.88%
Benchmark 3.00% 6.70% 3.07% -2.70% 4.13% 3.97% 2.12% 0.07% 2.23% 2.12% 6.59% 0.26%

Best Monthly Return Since Inception

17.03% (April 2009)

Worst Monthly Return Since Inception

-19.84% (October 2008)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -12.517303 to 36.01292.
End of interactive chart.
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -4.09% 15.64% 14.54% -10.45% 24.96% 4.36% 29.60% -9.32% 13.36% 14.78%
Benchmark 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32% 36.01%
Category Average 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85% 26.96%
Quartile Ranking 4 1 2 4 2 4 1 1 4 4
Category Rank 623/ 645 24/ 693 350/ 770 787/ 856 398/ 928 849/ 1,004 108/ 1,069 250/ 1,124 974/ 1,188 1,199/ 1,285

Best Calendar Return (Last 10 years)

29.60% (2021)

Worst Calendar Return (Last 10 years)

-10.45% (2018)

Asset Allocation

Asset Allocation
Name Percent
US Equity 96.52
International Equity 3.46
Canadian Equity 0.02

Sector Allocation

Sector Allocation
Name Percent
Financial Services 21.45
Technology 15.55
Healthcare 10.08
Consumer Services 9.92
Consumer Goods 8.56
Other 34.44

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.54
Europe 2.81
Latin America 0.39
Africa and Middle East 0.13
Asia 0.13

Top Holdings

Top Holdings
Name Percent
Apple Inc 2.61
Berkshire Hathaway Inc Cl B 2.35
JPMorgan Chase & Co 2.26
Exxon Mobil Corp 2.07
Microsoft Corp 1.90
Amazon.com Inc 1.86
Bank of America Corp 1.36
Wells Fargo & Co 1.29
Walmart Inc 1.28
AT&T Inc 1.25

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 6.0549 to 28.1555.
The chart has 1 Y axis displaying Return. Data ranges from -8.204337 to 18.73767.
End of interactive chart.

iShares US Fundamental Index ETF - Hedged Units

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 17.09% 19.31% 16.18%
Beta 1.03% 1.15% 0.97%
Alpha -0.07% -0.08% -0.05%
Rsquared 0.72% 0.72% 0.60%
Sharpe 0.19% 0.46% 0.49%
Sortino 0.34% 0.62% 0.59%
Treynor 0.03% 0.08% 0.08%
Tax Efficiency 90.12% 93.83% 92.86%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 12.80% 17.09% 19.31% 16.18%
Beta 1.03% 1.03% 1.15% 0.97%
Alpha -0.18% -0.07% -0.08% -0.05%
Rsquared 0.55% 0.72% 0.72% 0.60%
Sharpe 0.80% 0.19% 0.46% 0.49%
Sortino 1.48% 0.34% 0.62% 0.59%
Treynor 0.10% 0.03% 0.08% 0.08%
Tax Efficiency 95.99% 90.12% 93.83% 92.86%

Fundata ESG Metrics

Fundata ESG Score

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying values. Data ranges from -0.5 to 0.5.
The chart has 1 Y axis displaying values. Data ranges from 56.927949 to 59.556527.
End of interactive chart.

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying values. Data ranges from -0.5 to 0.5.
The chart has 1 Y axis displaying values. Data ranges from 55.8401 to 61.565712.
End of interactive chart.

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying values. Data ranges from -0.5 to 0.5.
The chart has 1 Y axis displaying values. Data ranges from 50.6911 to 58.43223.
End of interactive chart.

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying values. Data ranges from -0.5 to 0.5.
The chart has 1 Y axis displaying values. Data ranges from 56.362904 to 72.579638.
End of interactive chart.

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

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Fund Details

Start Date September 08, 2006
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $116
52 Week High $57.51
52 Week Low $46.75
Annual Dividend $0.71
Annual Yield -
Index FTSE RAFI US 1000 Index CAD Hedged
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

iShares US Fundamental Index Fund seeks to track, less fees and expenses, the FTSE RAFI US 1000 C$ Hedged Index, comprised of the largest 1,000 US-listed companies by fundamental value. They're selected on the basis of 3 factors aggregated over 5 years: total cash dividends, free cash flow and total sales. Current book equity value is also taken into account. CLU is hedged against U.S. currency risk.

Investment Strategy

CLU’s current principal investment strategy is to employ a Replicating Strategy. In addition to or as an alternative to this strategy, CLU may invest by employing a Sampling Strategy, by investing in one or more iShares ETFs and/or through the use of derivatives. CLU employs a Currency Hedging Strategy with respect to U.S. dollar currency exposure of the Hedged Units only.

Portfolio Manager(s)

Name Start Date
BlackRock Institutional Trust Company, N.A. 05-18-2012
BlackRock Asset Management Canada Limited 06-18-2020

Management and Organization

Fund Manager BlackRock Asset Management Canada Limited
Advisor BlackRock Asset Management Canada Limited
Custodian State Street Trust Company Canada
Registrar State Street Trust Company Canada
Distributor -
Auditor PriceWaterhouseCoopers LLP

Fees

MER 0.72%
Management Fee 0.65%

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