More information about iShares Canadian Select Dividend Index ETF (XDV) is in its prospectus. Before investing in an Exchange Traded Fund (ETF), it’s important to assess how it fits within your portfolio and aligns with your risk tolerance. ETF prices can also experience higher volatility during market openings and closings and there is always the possibility of losing money. It’s also worth noting that a narrower bid-ask spread generally indicates higher liquidity, meaning you’re more likely to execute trades at expected prices. Always consider these factors carefully when making investment decisions, as even ETFs considered low-risk can experience losses under certain market conditions.
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XDV ETF Review
iShares Canadian Select Dividend Index ETF (XDV) seeks to provide long-term capital growth by replicating the performance of the Dow Jones Canada Select Dividend Index.
- Diversified exposure to 30 of the highest-yielding Canadian companies in the Dow Jones Canada Total Market Index
- Rules-based methodology analyses stocks by dividend growth, yield and payout ratio
- Earn regular monthly dividend income
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Top 10 XDV Holdings
The top 10 holdings of XDV account for 59.2% of the total fund which consists of 101 diversified investments. This table shows the investment names of the individual holdings that are subject to change.
| Ticker | Name | Weight |
|---|---|---|
| CTC.A | CANADIAN TIRE LTD CLASS A | 8.49% |
| RY | Royal Bank of Canada | 8.00% |
| BMO | Bank of Montreal | 7.65% |
| NA | National Bank of Canada | 5.75% |
| CM | Canadian Imperial Bank of Commerce | 5.71% |
| BNS | Bank of Nova Scotia | 5.54% |
| TRP | TC Energy Corp. | 5.40% |
| TD | Toronto-Dominion Bank | 4.27% |
| SLF | SUN LIFE FINANCIAL INC | 3.99% |
| EMA | EMERA INC | 3.60% |
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XDV Dividend History
XDV currently has a yield of 4.25% and pays distributions semi-annually. Most ETFs will distribute net taxable income to investors at least once a year. This is taxable income if generated from interest, dividends and capital gains by the securities within the ETF. The distributions will either be paid in cash or reinvested in the ETF at the discretion of the manager. This information will be reported in an official tax receipt provided to investors by their broker.
| Ex-Dividend Date | Record Date | Payable Date | Distribution |
|---|---|---|---|
| Dec 30, 2024 | Dec 30, 2024 | Jan 3, 2025 | $0.11200 |
| Nov 21, 2024 | Nov 21, 2024 | Dec 2, 2024 | $0.11200 |
| Oct 28, 2024 | Oct 28, 2024 | Oct 31, 2024 | $0.11200 |
| Sep 24, 2024 | Sep 24, 2024 | Sep 27, 2024 | $0.11700 |
| Aug 27, 2024 | Aug 27, 2024 | Aug 30, 2024 | $0.11700 |
| Jul 26, 2024 | Jul 26, 2024 | Jul 31, 2024 | $0.11700 |
| Jun 25, 2024 | Jun 25, 2024 | Jun 28, 2024 | $0.11300 |
| May 22, 2024 | May 23, 2024 | May 31, 2024 | $0.11300 |
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Is XDV a Good ETF?
Quickly compare and contrast XDV to other investments focused on Canadian equities by fees, performance, yield, and other metrics to decide which ETF fits in your portfolio.
| Manager | ETF | Name | Risk | Inception | AUM | MER | P/E | Yield | Beta | Distributions | Holdings | 1Y | 3Y | 5Y | 10Y | 15Y |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BlackRock | CDZ | iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | Medium | 2006-09-08 | $965,375,187 | 0.66% | 16.18 | 3.70% | 0.87 | Monthly | 92 | 20.07% | 7.90% | 8.80% | 7.06% | 8.48% |
| BlackRock | XDIV | iShares Core MSCI Canadian Quality Dividend Index ETF | Medium | 2017-06-07 | $1,915,492,719 | 0.11% | 14.78 | 4.39% | 0.78 | Monthly | 20 | 23.01% | 11.45% | 11.29% | N/A | N/A |
| BlackRock | XDV | iShares Canadian Select Dividend Index ETF | Medium | 2005-12-19 | $1,765,321,674 | 0.55% | 14.59 | 4.34% | 0.90 | Monthly | 31 | 21.31% | 6.18% | 9.38% | 7.12% | 8.05% |
| BlackRock | XEI | iShares S&P/TSX Composite High Dividend Index ETF | Medium | 2011-04-12 | $1,730,180,828 | 0.22% | 11.72 | 4.87% | 0.91 | Monthly | 75 | 15.34% | 7.34% | 9.17% | 7.37% | N/A |
| BlackRock | XIC | iShares Core S&P/TSX Capped Composite Index ETF | Medium | 2001-02-16 | $14,892,749,002 | 0.06% | 18.64 | 2.63% | 1.00 | Quarterly | 224 | 21.52% | 8.51% | 11.04% | 8.62% | 8.17% |
| BMO | ZDV | BMO Canadian Dividend ETF | Medium | 2011-11-21 | $1,134,600,000 | 0.39% | 19.36 | 3.76% | 0.93 | Monthly | 53 | 16.88% | 7.55% | 9.10% | 7.00% | N/A |
| Vanguard | VDY | Vanguard FTSE Canadian High Dividend Yield Index ETF | Medium | 2012-11-02 | $3,320,000,000 | 0.22% | 12.45 | 4.25% | 0.94 | Monthly | 56 | 21.38% | 9.47% | 12.14% | 9.04% | N/A |
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Conclusion
iShares Canadian Select Dividend Index ETF (XDV) is a convenient way to invest in high-yielding Canadian stocks. The Fund’s return may not match the return of the underlying index. Growth stocks tend to be more sensitive to changes in their earnings and can be more volatile. Investments focused on a particular sector, such as healthcare, are subject to greater risk, and are more greatly impacted by market volatility than more diversified investments. A value style of investing is subject to the risk that the valuations never improve or that the returns will trail other styles of investing or the overall stock markets. Beta is a measure of risk representing how a security is expected to respond to general market movements.
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