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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
(07-18-2025)
$17.87
Change
$0.04 (0.22%)
Open $17.84
Day Range $17.84 - $17.88
Volume 1,015

As at June 30, 2025

As at June 30, 2025

Period
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Legend

iShares Convertible Bond Index ETF

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Fund Returns

Inception Return (June 14, 2011): 4.07%

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 1.23% 3.24% 3.35% 3.35% 10.95% 7.82% 5.98% 3.78% 6.05% 4.29% 4.27% 4.12% 4.19% 4.46%
Benchmark 1.47% -0.66% 1.39% 1.39% 11.51% 12.96% 12.81% 5.35% 5.30% 5.02% 5.27% 5.04% 5.83% 5.88%
Category Average 1.42% 3.00% 3.00% 3.00% 7.58% 7.77% 6.81% 2.02% 3.86% 3.08% 3.29% 3.05% 3.59% 3.21%
Category Rank 158 / 245 18 / 245 51 / 242 51 / 242 16 / 242 154 / 235 214 / 232 42 / 229 41 / 219 61 / 213 64 / 196 52 / 184 80 / 168 46 / 160
Quartile Ranking 3 1 1 1 1 3 4 1 1 2 2 2 2 2

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.37% 1.49% 1.58% 0.82% 0.32% 0.57% 0.04% -0.38% 0.45% -0.11% 2.10% 1.23%
Benchmark 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36% -0.24% -3.14% 1.07% 1.47%

Best Monthly Return Since Inception

7.20% (April 2020)

Worst Monthly Return Since Inception

-13.41% (March 2020)

Calendar Return (%)

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/ 153 120/ 167 156/ 175 49/ 186 150/ 211 166/ 218 51/ 222 9/ 229 232/ 235 22/ 241

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 61.45
Canadian Corporate Bonds 38.55

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 22.61
Real Estate 18.01
Fixed Income 15.51
Basic Materials 10.01
Industrial Goods 8.06
Other 25.80

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
NFI Group Inc - Pfd 9.98
Exchange Income Corp - Pfd 6.09
Morguard REIT - Pfd 5.58
NorthWest Healthcare Properties REIT - Pfd 5.44
ADVANTAGE OIL + GAS LTD 5.00% 30-Jun-2029 5.41
Storagevault Canada Inc - Debenture 5.11
Innergex Renewable Energy Inc - Debenture Cl C 4.99
Mullen Group Ltd - Debenture 4.88
Exchange Income Corp - Pfd 4.48
Ag Growth International Inc - Pfd 4.40

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

iShares Convertible Bond Index ETF

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 4.08% 4.41% 6.29%
Beta 0.16% 0.12% 0.36%
Alpha 0.04% 0.05% 0.02%
Rsquared 0.04% 0.03% 0.14%
Sharpe 0.47% 0.79% 0.45%
Sortino 1.12% 1.14% 0.32%
Treynor 0.12% 0.29% 0.08%
Tax Efficiency 64.25% 66.40% 56.33%
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 3.05% 4.08% 4.41% 6.29%
Beta 0.24% 0.16% 0.12% 0.36%
Alpha 0.08% 0.04% 0.05% 0.02%
Rsquared 0.21% 0.04% 0.03% 0.14%
Sharpe 2.33% 0.47% 0.79% 0.45%
Sortino 9.88% 1.12% 1.14% 0.32%
Treynor 0.29% 0.12% 0.29% 0.08%
Tax Efficiency 79.58% 64.25% 66.40% 56.33%

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) $98
52 Week High $18.17
52 Week Low $15.76
Annual Dividend $0.88
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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