iShares Canadian Real Return Bond Index ETF
ICDXF
Other OTC- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- BCE Place Toronto ON Canada M5J 2S1
- IPO Date
- Jun 24, 2011
- Similar Companies
- Business
- iShares Canadian Real Return Bond Index ETF (XRB.TO; ICDXF) is an exchange-traded fund that seeks to replicate the performance of the FTSE Canada Real Return Bond Index, net of expenses, by investing primarily in Canadian dollar-denominated investment-grade federal and provincial real return bonds with a remaining term to maturity of at least one year. The ETF holds a concentrated portfolio typically comprising 13-14 securities, with top issuers including the Government of Canada (approximately 88%), Province of Ontario (6%), Province of Quebec (6%), and Province of Manitoba (1%); key holdings feature Government of Canada real return bonds maturing between 2026 and 2050, such as the 4% December 2031 and 1.5% December 2044 issues. It provides semi-annual distributions, primarily reinvested, with a management expense ratio of 0.39%, and is eligible for registered plans like RRSPs. Launched on December 19, 2005 and domiciled in Canada, the ETF is managed by BlackRock Asset Management Canada Limited, with co-management by BlackRock Institutional Trust Company, N.A., and is listed on the Toronto Stock Exchange. BlackRock Asset Management Canada Limited, a subsidiary of BlackRock, Inc., is headquartered at 161 Bay Street, Suite 2500, Toronto, Ontario. The fund targets investors seeking inflation-protected income and capital preservation through exposure to Canadian real return bonds. In November 2022, the Government of Canada ceased issuance of new real return bonds, leading to a contracting investable universe for the index as existing bonds mature without replacement; this shift is expected to reduce liquidity and potentially increase the ETF's portfolio transaction costs over time. The ETF maintained semi-annual distributions in 2024 and 2025, including reinvested distributions announced in November 2024. As of April 30, 2025, net assets stood at CAD 256.4 million, with an average daily trading volume of 32,057 units.