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iShares Managed Futures Active ETF
ISMF (iShares Managed Futures Active ETF) is an active Alternative ETF by iShares. With a 0.80% MER, it provides diversified exposure through 2 holdings.
ISMF is actively managed by iShares's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.80% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).