FAQs

Performance data is generally released on the 2nd business day of each month.

A. External data provider data may differ because external sources may be using a different return time period or return type (price return vs. total return).

Proficency Market uses the NAV to calculate the fund performance on www.proficencymarket.online Fund performance is calculated on a total return basis, which means that the calculation assumes that cash distributions made by the fund are reinvested.

A. The closing price listed on the overview page is the most recent official closing price from the exchange on which the ETF is listed.

A. As with most mutual funds, iShares ETFs distribute income and capital gains to unitholders. These distributions are taxable to investors, whether they are paid in cash or reinvested in the fund. Please check the individual fund product page on proficencymarket.onine for specific distribution dates and tax information.

Your broker is responsible for determining whether to withhold tax on any distribution paid to you. Your broker is also responsible for providing all required tax reporting, including T3 tax slips. In Canada, Proficency Market Canada provides brokerage firms with the information that they need to prepare your T3 tax slips (such as the proportionate share of distributions attributable to dividends, income, capital gains, return of capital or foreign tax withheld) through the facilities of CDS Clearing and Depository Services Inc. (CDS). This is different from a typical mutual fund, where the mutual fund company maintains investor accounts and provides tax reporting directly to unitholders. Any questions related to a T3 tax slips should be directed to your broker.

A. iShares ETFs may pay distributions to unitholders in cash or may reinvest the distribution amount in the fund. Generally, net income and dividends received by the iShares ETFs are distributed to unitholders in cash and net realized capital gains are reinvested in the ETF.

Similar to mutual funds, reinvested distributions are reinvested on the unitholder's behalf in additional units of the fund. With mutual funds, this results in an increase in the number of units held by each unitholder and a corresponding drop in net asset value (NAV) per unit, such that there is no change in the total value of the holdings resulting from the distribution. With iShares ETFs, immediately following a reinvested distribution, the number of units outstanding is consolidated so that the number of units held by investors is the same as before the capital gains distribution. For iShares funds, unitholders will not see an increase in the number of units held, and will NOT see a change in the NAV per unit. Therefore, like mutual funds, a reinvested distribution for an iShares ETF results in no change in the total value of the holdings resulting from the distribution.

A. All iShares ETFs listed in Canada are eligible for RSPs, TFSAs, and other registered plans.

A. The iShares ETFs were established for the benefit of Canadian resident investors. Therefore, Proficency Market Canada does not determine the tax implications for non-resident investors in iShares funds. Non-resident investors should consult their broker or tax advisor to determine the implications of investing in iShares funds for their specific tax situation.

A. The mean of the coupon rates of the underlying bonds in a portfolio.