iShares Premium Money Market ETF ETF Review (CMR) 2024
Wealth Awesome Rating: 84/100
This fixed income ETF has an MER of 0.14%. With lower than average fees, it’s a cost-effective option. Managing 793 million in assets, it’s widely trusted by investors. Suitable for those preferring stability with a low to medium risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.
CMR trades on the TSX exchange.
Looking to invest in fixed income? Consider an fixed income ETF as an easy way to get access. The iShares Premium Money Market ETF (CMR) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.
What is the iShares Premium Money Market ETF ETF
A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.14%. This ETF trades on the TSX exchange.CMR stock price and other stats
ETF Key Stats
Exchange: TSX
Assets Under Management: $793MM
Expense Ratio: 0.14%
Price: $50.09 (Updated: 3/7/2024)
iShares Premium Money Market ETF (CMR) Sector Breakdown
| Sector | Equity % | Relative to Category |
|---|---|---|
| Basic Materials | 0 | 0 |
| Consumer Cyclicals | 0 | 0 |
| Financial Services | 0 | 0 |
| Real Estate | 0 | 0 |
| Communication Services | 0 | 0 |
| Energy | 0 | 0 |
| Industrials | 0 | 0 |
| Technology | 0 | 0 |
| Consumer Defensive | 0 | 0 |
| Healthcare | 0 | 0 |
| Utilities | 0 | 0 |
iShares Premium Money Market ETF (CMR) Sector Breakdown
| Sector | Equity % | Relative to Category |
|---|---|---|
| Basic Materials | 0 | 0 |
| Consumer Cyclicals | 0 | 0 |
| Financial Services | 0 | 0 |
| Real Estate | 0 | 0 |
| Communication Services | 0 | 0 |
| Energy | 0 | 0 |
| Industrials | 0 | 0 |
| Technology | 0 | 0 |
| Consumer Defensive | 0 | 0 |
| Healthcare | 0 | 0 |
| Utilities | 0 | 0 |
iShares Premium Money Market ETF (CMR) Geographic Breakdown
| Region | Equity % | Relative to Category |
|---|---|---|
| North America | 0 | 0 |
| United Kingdom | 0 | 0 |
| Europe Developed | 0 | 0 |
| Europe Emerging | 0 | 0 |
| Africa/Middle East | 0 | 0 |
| Japan | 0 | 0 |
| Australasia | 0 | 0 |
| Asia Developed | 0 | 0 |
| Asia Emerging | 0 | 0 |
| Latin America | 0 | 0 |
CMR Management Expense Ratio
CMR has a management expense ratio of 0.14% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.CMR Comparisons
- iShares Premium Money Market ETF (CMR) vs Purpose High Interest Savings (PSA)
- CMR is better performing (0.91% YTD vs 0.86%). PSA is less expensive (0.12% vs 0.14% MER).
- CMR is better performing (0.91% YTD vs 0.86%). CASH is less expensive (0.11% vs 0.14% MER).
- BMO Ultra Short-Term Bond Fund is better performing (0.95% YTD vs 0.91%). CMR is less expensive (0.14% vs 0.17% MER).
- CMR is better performing (0.91% YTD vs 0.86%). CMR is less expensive (0.14% vs 0.16% MER).
- CMR is better performing (0.91% YTD vs 0.77%). CMR is less expensive (0.14% vs 0.18% MER).
High Interest Savings ETF Comparisons
| ETF | Inception | MER | AUM | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| PSA | 2013-10-15 | 0.12%% | $260.0 | 5.19% | 2.93% | 2.32% | 1.79% |
| CASH | 2021-11-01 | 0.11%% | $4,750.0 | 5.16% | 0.00% | 0.00% | 0.00% |
| CMR | 2018-02-18 | 0.14%% | $793.0 | 4.92% | 2.44% | 1.81% | 1.28% |
| ZST | 2011-01-27 | 0.17%% | $1,200.0 | 5.37% | 2.56% | 2.26% | 1.90% |
| CSAV | 2019-06-19 | 0.16%% | $8,100.0 | 5.07% | 2.87% | 0.00% | 0.00% |
| FHIS | 2011-09-11 | 0.18%% | $129.0 | 5.51% | 0.00% | 0.00% | 0.00% |
How to Buy iShares Premium Money Market ETF TSX ETF
You can buy CMR on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:| Image | Product Title | Features | Price |
|---|---|---|---|
Editor's Choice |
| Get $25 Signup Bonus | |
Reliable Pick |
| Get $50 Free Stock Trades |