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iShares Convertible Bond Index ETF (CVD : TSX)
High Yield Fixed Income
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FundGrade B
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FundGrade A+® Rating Recipient
2022
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|
Close (07-28-2026) |
$18.33 |
|---|---|
| Change |
-$0.06
(-0.33%)
|
| Open | $18.34 |
|---|---|
| Day Range | $18.34 - $18.44 |
| Volume | 2,238 |
As at June 30, 2026
As at June 30, 2026
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Fund Returns
Inception Return (June 14, 2011): 4.28%
| 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 | 0.29% | 2.60% | 2.97% | 2.97% | 7.34% | 9.13% | 7.66% | 6.32% | 4.48% | 6.27% | 4.72% | 4.65% | 4.48% | 4.50% |
| Benchmark | 2.93% | 4.53% | 5.26% | 5.26% | 9.62% | 10.56% | 11.83% | 12.00% | 6.19% | 6.01% | 5.66% | 5.81% | 5.54% | 6.21% |
| Category Average | 0.09% | 1.64% | 1.64% | 1.64% | 4.58% | 6.07% | 6.70% | 6.25% | 2.52% | 3.98% | 3.29% | 3.45% | 3.22% | 3.69% |
| Category Rank | 108 / 253 | 77 / 252 | 55 / 250 | 55 / 250 | 44 / 245 | 34 / 242 | 88 / 235 | 149 / 232 | 39 / 229 | 41 / 218 | 49 / 212 | 49 / 197 | 42 / 185 | 68 / 169 |
| Quartile Ranking | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 2 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.09% | 0.27% | 0.88% | 1.09% | -0.29% | 0.14% | -0.52% | 1.20% | -0.31% | 0.38% | 1.91% | 0.29% |
| Benchmark | 1.52% | 0.80% | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% |
Best Monthly Return Since Inception
7.20% (April 2020)
Worst Monthly Return Since Inception
-13.41% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 10.96% | 3.50% | -1.03% | 9.22% | 2.98% | 5.97% | -3.72% | 2.41% | 13.03% | 7.74% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 3 | 4 | 2 | 3 | 4 | 1 | 1 | 4 | 1 | 1 |
| Category Rank | 120/ 168 | 152/ 176 | 47/ 187 | 148/ 211 | 165/ 217 | 49/ 222 | 10/ 229 | 232/ 235 | 22/ 241 | 25/ 242 |
Best Calendar Return (Last 10 years)
13.03% (2024)
Worst Calendar Return (Last 10 years)
-3.72% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 100.00 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 93.63 |
| Consumer Services | 6.37 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| NFI Group Inc - Debenture | 9.93 |
| Morguard REIT - Debenture Cl A | 6.76 |
| Advantage Energy Ltd - Debenture | 6.52 |
| Storagevault Canada Inc - Debenture | 6.37 |
| VITAL INFRA PROP TRUST 6.25% 31-Aug-2027 | 6.23 |
| Rogers Sugar Inc - Debenture Cl G | 5.29 |
| ALARIS EQUITY PARTNERS 6.25% 31-Dec-2030 | 5.12 |
| Tidewater Midstream and Infrastrct Ltd - Debenture | 4.96 |
| Ag Growth International Inc - Debenture Cl I | 4.88 |
| Ag Growth International Inc - Debenture Cl J | 4.41 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
iShares Convertible Bond Index ETF
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 3.34% | 3.79% | 6.14% |
|---|---|---|---|
| Beta | 0.22% | 0.16% | 0.40% |
| Alpha | 0.05% | 0.03% | 0.02% |
| Rsquared | 0.08% | 0.07% | 0.17% |
| Sharpe | 1.18% | 0.40% | 0.44% |
| Sortino | 2.52% | 0.58% | 0.33% |
| Treynor | 0.18% | 0.09% | 0.07% |
| Tax Efficiency | 72.32% | 54.13% | 56.48% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.95% | 3.34% | 3.79% | 6.14% |
| Beta | 0.40% | 0.22% | 0.16% | 0.40% |
| Alpha | 0.03% | 0.05% | 0.03% | 0.02% |
| Rsquared | 0.27% | 0.08% | 0.07% | 0.17% |
| Sharpe | 1.63% | 1.18% | 0.40% | 0.44% |
| Sortino | 3.77% | 2.52% | 0.58% | 0.33% |
| Treynor | 0.12% | 0.18% | 0.09% | 0.07% |
| Tax Efficiency | 72.27% | 72.32% | 54.13% | 56.48% |
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) | $125 |
| 52 Week High | $18.68 |
| 52 Week Low | $17.13 |
| Annual Dividend | $0.90 |
| 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
CVD has been designed to replicate, to the extent possible, the performance of the FTSE Canada Convertible Bond Index, net of expenses. Under normal market conditions, CVD will primarily invest in securities of one or more iShares ETFs and/or Canadian fixed income securities.
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. More information on these investment strategies and additional investment strategies that may be used by BlackRock Canada and/or BTC in managing this iShares Fund can be found under the heading Investment Strategies .
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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