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iShares Dow Jones U.S. ETF
IYY (iShares Dow Jones U.S. ETF) is an index US Equity ETF by iShares. With a 0.20% MER, it provides diversified exposure through 10 holdings. Quarterly distribution with a 1.01% yield.
IYY by iShares is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.20% MER makes it one of the most cost-effective options in its category.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).