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iShares US Consumer Staples ETF
IYK (iShares US Consumer Staples ETF) is an index Consumer Equity ETF by iShares. With a 0.38% MER, it provides diversified exposure through 10 holdings. Quarterly distribution with a 2.70% yield.
IYK by iShares is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.38% MER, its fees are in line with category averages. It pays a quarterly distribution with a 2.70% yield, making it attractive for income-seeking investors.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).