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

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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
(05-16-2025) 		$54.65
Change
$0.48 (0.89%)
Open $54.55
Day Range $54.55 - $54.55
Volume 265

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

  • Closing Price / Volume
Period
Created with Highcharts 10.3.3Closing PriceVolumeJul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jun 2024Jul 2024Aug 2024Sep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 20252018-01-012019-01-012020-01-012021-01-012022-01-012023-01-012024-01-012025-01-012025-01-…$20.00$40.00$60.00$45.00$50.00$55.0001,000,0002,000,00050,000100,000Period
Created with Highcharts 10.3.3Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jun 2024Jul 2024Aug 2024Sep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 20252018-01-012019-01-012020-01-012021-01-012022-01-012023-01-012024-01-012025-01-012025-0…-50%-25%0%25%50%75%100%-10%-5%5%10%15%Period

Legend

iShares US Fundamental Index ETF - Hedged Units

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Fund Returns

Inception Return (September 08, 2006): 6.93%

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 -3.35% -7.03% -3.10% -3.20% 6.15% 10.90% 6.91% 5.71% 13.66% 8.92% 8.52% 8.52% 9.22% 8.10%
Benchmark -4.57% -11.79% -2.47% -8.73% 12.63% 18.27% 15.08% 12.30% 15.44% 13.55% 14.27% 13.26% 14.84% 13.85%
Category Average -3.76% -4.21% -4.21% -8.32% 7.65% 13.97% 10.67% 7.68% 12.29% 9.92% 10.29% 9.82% 10.95% 9.80%
Category Rank 472 / 1,323 102 / 1,314 547 / 1,305 106 / 1,306 883 / 1,276 960 / 1,207 1,032 / 1,150 869 / 1,082 349 / 1,022 703 / 957 713 / 869 606 / 801 584 / 718 537 / 652
Quartile Ranking 2 1 2 1 3 4 4 4 2 3 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3May 24Jun 24Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25Apr 25-10%-5%0%5%10%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 3.40% -0.07% 4.21% 1.62% 1.22% -1.08% 6.36% -5.88% 4.13% -0.07% -3.75% -3.35%
Benchmark 4.13% 3.97% 2.12% 0.07% 2.23% 2.12% 6.59% 0.26% 3.46% -1.62% -6.04% -4.57%

Best Monthly Return Since Inception

17.03% (April 2009)

Worst Monthly Return Since Inception

-19.84% (October 2008)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%40%
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% 26.98%
Quartile Ranking 4 1 2 4 2 4 1 1 4 4
Category Rank 619/ 641 24/ 689 350/ 766 782/ 851 398/ 923 843/ 998 108/ 1,063 248/ 1,114 964/ 1,177 1,177/ 1,263

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 95.91
International Equity 4.05
Canadian Equity 0.03
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 19.10
Technology 14.58
Healthcare 12.69
Consumer Services 10.07
Consumer Goods 8.86
Other 34.70

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.94
Europe 3.27
Latin America 0.59
Asia 0.11
Africa and Middle East 0.08
Other 0.01

Top Holdings

Top Holdings
Name Percent
Berkshire Hathaway Inc Cl B 2.58
Microsoft Corp 2.21
Apple Inc 1.91
JPMorgan Chase & Co 1.90
Exxon Mobil Corp 1.79
Amazon.com Inc 1.66
Verizon Communications Inc 1.15
Chevron Corp 1.13
Bank of America Corp 1.08
UnitedHealth Group Inc 1.06

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return810121416182022242628-10%-5%0%5%10%15%20%25%

iShares US Fundamental Index ETF - Hedged Units

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 16.96% 16.07% 16.18%
Beta 1.04% 0.99% 1.00%
Alpha -0.08% -0.01% -0.05%
Rsquared 0.73% 0.67% 0.64%
Sharpe 0.25% 0.73% 0.46%
Sortino 0.46% 1.16% 0.55%
Treynor 0.04% 0.12% 0.07%
Tax Efficiency 91.37% 94.91% 92.33%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 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 12.71% 16.96% 16.07% 16.18%
Beta 0.73% 1.04% 0.99% 1.00%
Alpha -0.03% -0.08% -0.01% -0.05%
Rsquared 0.54% 0.73% 0.67% 0.64%
Sharpe 0.24% 0.25% 0.73% 0.46%
Sortino 0.45% 0.46% 1.16% 0.55%
Treynor 0.04% 0.04% 0.12% 0.07%
Tax Efficiency 90.71% 91.37% 94.91% 92.33%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A63.2​63.256.7​56.70%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A58.3​58.361.2​61.20%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A64.0​64.051.4​51.40%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A73.9​73.958.9​58.90%10%20%30%40%50%60%70%80%90%100%

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.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

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) $109
52 Week High $57.51
52 Week Low $47.03
Annual Dividend $0.73
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 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 0.72%
Management Fee 0.65%

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