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iShares U.S. Basic Materials ETF
IYM (iShares U.S. Basic Materials ETF) is an index Materials Equity ETF by iShares. With a 0.38% MER, it provides diversified exposure through 10 holdings. Quarterly distribution with a 1.32% yield.
IYM 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.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).