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iShares Convertible Bond Index ETF (CVD : TSX)

High Yield Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022

Click for more information on Fundata’s FundGrade

Close
(05-16-2025)
$17.71
Change
$0.00 (0.00%)
Open $17.75
Day Range $17.72 - $17.75
Volume 749

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Closing PriceVolumeJan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jun 2024Jul 2024Aug 2024Sep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 20252016-01-012018-01-012020-01-012022-01-012024-01-01$14.00$16.00$18.00$20.00$17.000500,0001,000,000250,000Period
Created with Highcharts 10.3.3Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jun 2024Jul 2024Aug 2024Sep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 20252016-01-012018-01-012020-01-012022-01-012024-01-01-20%-10%0%-30%10%-2%2%4%6%8%Period

Legend

iShares Convertible Bond Index ETF

Compare Options


Fund Returns

Inception Return (June 14, 2011): 3.87%

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 -0.11% -0.04% 0.90% 0.00% 8.38% 6.69% 4.63% 3.16% 5.88% 4.05% 3.97% 3.68% 4.11% 4.05%
Benchmark -3.14% -3.02% 1.75% -1.14% 10.68% 10.50% 9.40% 5.13% 5.71% 4.35% 5.08% 4.24% 6.06% 5.82%
Category Average -0.44% 0.92% 0.92% 0.15% 6.55% 6.27% 4.00% 1.64% 4.21% 2.74% 2.87% 2.73% 3.43% 2.85%
Category Rank 32 / 241 13 / 238 107 / 238 100 / 238 25 / 237 125 / 231 109 / 228 51 / 222 64 / 215 50 / 209 56 / 190 57 / 179 75 / 165 45 / 156
Quartile Ranking 1 1 2 2 1 3 2 1 2 1 2 2 2 2

Monthly Return

Created with Highcharts 10.3.3May 24Jun 24Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25Apr 25-4%-2%0%2%4%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 0.08% 0.87% 2.37% 1.49% 1.58% 0.82% 0.32% 0.57% 0.04% -0.38% 0.45% -0.11%
Benchmark 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36% -0.24% -3.14%

Best Monthly Return Since Inception

7.20% (April 2020)

Worst Monthly Return Since Inception

-13.41% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-10%-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 0.15% 10.96% 3.50% -1.03% 9.22% 2.98% 5.97% -3.72% 2.41% 13.03%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking 1 3 4 2 3 4 1 1 4 1
Category Rank 37/ 150 117/ 164 152/ 172 49/ 183 150/ 207 162/ 214 46/ 218 9/ 225 228/ 231 20/ 237

Best Calendar Return (Last 10 years)

13.03% (2024)

Worst Calendar Return (Last 10 years)

-3.72% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 59.84
Canadian Corporate Bonds 40.16

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 21.79
Real Estate 17.82
Fixed Income 17.46
Basic Materials 9.75
Industrial Goods 8.04
Other 25.14

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
NFI Group Inc - Pfd 9.75
PREMIUM BRANDS HLDGS COR 5.50% 31-Mar-2030 5.58
Morguard REIT - Pfd 5.53
Exchange Income Corp - Pfd 5.44
NorthWest Healthcare Properties REIT - Pfd 5.40
ADVANTAGE OIL + GAS LTD 5.00% 30-Jun-2029 5.15
Storagevault Canada Inc - Debenture 5.00
Innergex Renewable Energy Inc - Debenture Cl C 4.97
Mullen Group Ltd - Debenture 4.63
Ag Growth International Inc - Pfd 4.41

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return123456789101112130%2%4%6%8%10%12%

iShares Convertible Bond Index ETF

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 3.98% 4.43% 6.27%
Beta 0.14% 0.10% 0.35%
Alpha 0.03% 0.05% 0.02%
Rsquared 0.05% 0.02% 0.14%
Sharpe 0.17% 0.77% 0.39%
Sortino 0.61% 1.08% 0.24%
Treynor 0.05% 0.36% 0.07%
Tax Efficiency 54.15% 65.59% 52.15%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.78% 3.98% 4.43% 6.27%
Beta 0.24% 0.14% 0.10% 0.35%
Alpha 0.06% 0.03% 0.05% 0.02%
Rsquared 0.25% 0.05% 0.02% 0.14%
Sharpe 1.58% 0.17% 0.77% 0.39%
Sortino 6.58% 0.61% 1.08% 0.24%
Treynor 0.18% 0.05% 0.36% 0.07%
Tax Efficiency 73.93% 54.15% 65.59% 52.15%

Fund Details

Start Date June 14, 2011
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $96
52 Week High $17.82
52 Week Low $15.46
Annual Dividend $0.89
Annual Yield -
Index FTSE TMX Canada Convertible Bond Index
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 Advantaged Convertible Bond Index Fund seeks to track, less fees and expenses, the DEX Convertible Bond Index -an equally weighted index, rebalanced monthly, of convertible bonds from Canadian issuers. They must be a) on a Canadian exchange b) in CAD$; c) not currently in default of payment of either interest or principal; d) with a minimum monthly volume of $500,000, e) a minimum outstanding amount of $50 million.

Investment Strategy

CVD’s current principal investment strategy is to employ a Sampling Strategy. In addition to or as an alternative to this strategy, CVD may invest by employing a Replicating Strategy, by investing in one or more iShares ETFs and/or through the use of derivatives.

Portfolio Management

Portfolio Manager

BlackRock Asset Management Canada Limited

Sub-Advisor

BlackRock Institutional Trust Company, N.A.

Management and Organization

Fund Manager

BlackRock Asset Management Canada Limited

Custodian

State Street Trust Company Canada

Registrar

State Street Trust Company Canada

Distributor

-

Fees

MER 0.50%
Management Fee 0.45%

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