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iShares Equal Weight Banc & Lifeco ETF

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Financial Services Equity

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023

Click for more information on Fundata’s FundGrade

NAVPS
(05-22-2025) 		$21.50
Change
-$0.01 (-0.03%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2009Jan 2010Jan 2011Jan 2012Jan 2013Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2010Jan 2012Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024$0$10,000$20,000$30,000$40,000$50,000$60,000$8,000$12,000$14,000$16,000Period

Legend

iShares Equal Weight Banc & Lifeco ETF

Compare Options

Fund Returns

Inception Return (February 06, 2008): 9.59%

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 0.21% -0.75% 6.82% 0.15% 28.32% 18.18% 13.59% 12.10% 19.89% 12.23% 11.43% 10.87% 11.99% 10.99%
Benchmark -2.87% -3.03% 7.87% 2.81% 25.19% 22.25% 15.98% 12.26% 15.74% 9.87% 9.22% 9.14% 11.20% 9.35%
Category Average -0.87% -4.68% 4.19% -0.51% 20.65% 17.77% 10.84% 7.90% 15.27% 9.02% 8.30% 8.57% 10.16% 8.67%
Category Rank 41 / 79 13 / 77 23 / 75 29 / 76 6 / 75 33 / 72 20 / 59 6 / 56 4 / 51 8 / 51 9 / 46 9 / 41 13 / 37 11 / 33
Quartile Ranking 3 1 2 2 1 2 2 1 1 1 1 1 2 2

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%8%10%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 3.49% -2.51% 5.54% 5.31% 6.39% 0.70% 8.31% -1.53% 0.91% 0.66% -1.61% 0.21%
Benchmark 3.17% -0.07% 6.67% 1.09% 2.08% 2.26% 6.63% -1.59% 6.02% 1.62% -1.76% -2.87%

Best Monthly Return Since Inception

17.76% (April 2009)

Worst Monthly Return Since Inception

-19.75% (March 2020)

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 -2.51% 26.09% 12.21% -12.68% 25.61% -0.56% 33.74% -6.50% 16.86% 29.35%
Benchmark 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41% 31.42%
Category Average 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26% 27.44%
Quartile Ranking 3 1 3 4 2 3 2 1 1 2
Category Rank 24/ 33 4/ 33 23/ 41 39/ 45 16/ 49 33/ 51 15/ 56 7/ 56 5/ 65 33/ 74

Best Calendar Return (Last 10 years)

33.74% (2021)

Worst Calendar Return (Last 10 years)

-12.68% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 100.00

Sector Allocation

Sector Allocation
Name Percent
Financial Services 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canadian Imperial Bank of Commerce 10.40
Toronto-Dominion Bank 10.21
Bank of Nova Scotia 10.12
Manulife Financial Corp 10.10
Sun Life Financial Inc 10.07
Royal Bank of Canada 10.02
iA Financial Corp Inc 9.88
National Bank of Canada 9.85
Great-West Lifeco Inc 9.79
Bank of Montreal 9.56

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 Return141516171819202122232425262728293031-10%0%10%20%30%40%

iShares Equal Weight Banc & Lifeco ETF

Median

Other - Financial Services Equity

3 Yr Annualized

Standard Deviation 15.48% 15.76% 15.66%
Beta 0.95% 1.00% 0.93%
Alpha -0.01% 0.04% 0.02%
Rsquared 0.71% 0.73% 0.68%
Sharpe 0.65% 1.08% 0.64%
Sortino 1.22% 2.06% 0.85%
Treynor 0.11% 0.17% 0.11%
Tax Efficiency 88.12% 91.08% 87.32%
Volatility Volatility rating is 8 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 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 12.28% 15.48% 15.76% 15.66%
Beta 0.73% 0.95% 1.00% 0.93%
Alpha 0.09% -0.01% 0.04% 0.02%
Rsquared 0.45% 0.71% 0.73% 0.68%
Sharpe 1.80% 0.65% 1.08% 0.64%
Sortino 6.06% 1.22% 2.06% 0.85%
Treynor 0.30% 0.11% 0.17% 0.11%
Tax Efficiency 93.76% 88.12% 91.08% 87.32%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A91.7​91.769.7​69.70%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: A94.1​94.162.5​62.50%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: A85.2​85.276.4​76.40%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: A94.9​94.977.9​77.90%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 February 06, 2008
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $231

Fund Codes

FundServ Code Load Code Sales Status
N/A

Investment Objectives

CEW's investment objective is to provide unitholders with a diversified equal weighted investment in a portfolio of common shares of the largest Canadian banks and Canadian life insurance companies. Cash distributions on the Common units and Advisor Class Units of CEW are expected to be made monthly and will be derived from dividends received by CEW on the CEW Portfolio. Such distributions may also include capital gains and returns of capital.

Investment Strategy

The passive equal weighting approach is intended to reduce the risks to investors of increasing exposure to any single investment. Constituent Issuers are selected for inclusion in the CEW Portfolio based on the following criteria: (i) the minimum market capitalization of such an issuer is $5 billion for banks and $1.5 billion for life insurance companies and (ii) the issuer must be a Canadian bank or a Canadian life insurance company.

Portfolio Management

Portfolio Manager

BlackRock Canada
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

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 0.61%
Management Fee 0.55%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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