Corporate Class First Asset CanBanc Income Class ETF

 Fund Profile    Prospectus    

Investment Objectives

The Fund's investment objectives are to provide Shareholders with (i) quarterly distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would be experienced by owning a portfolio of common shares of the following banks directly: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank.

As part of its investment strategy, each month, the Fund sells call options on approximately, and not more than, 25% of the common shares of each bank held in the portfolio.

 1m3m6mYTD1y2y3y4y5ySI
CIC 2.35%-2.01%1.49%1.49%19.81%12.50%8.04%11.96%11.48%10.23%
Benchmark2.51%-2.19%2.21%2.21%23.65%15.04%9.96%15.10%14.57%12.76%
As at: 30 Jun 2017 - Benchmark: S&P/TSX Equal Weight Diversified Bank Index

 

Sector Breakdown*

As at 30 June 2017
*As a percent of invested assets

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns. The Fund was originally launched as a TSX-listed closed-end fund on August 18, 2010, and converted into an exchange traded fund on September 24, 2015. Performance shown is since inception of the closed-end fund. In connection with the conversion, and pursuant to unitholder approval, the annual management fee payable by the Fund to First Asset, as manager, was reduced to 0.65% (from 1.05%) of the NAV per unit. Had these changes been in effect prior to this date the performance of the Fund could have been different.

Key Facts

Fund Characteristics

Gross Option Premium*2.76%
Current Dividend Yield14.00%
Price/Earnings Ratio11.64
Price/Book Ratio1.76
As at 30 Jun, 2017
* Gross Option Premiums represent those received on 30 Jun, 2017
1 The Current Dividend Yield represents the gross yield on the ETF`s underlying portfolio of securities. It is not the yield or the distribution investors will receive by virtue of an investment in the ETF.

Fund Statistics

P/S Ratio (TTM) (Long)3.14
ROA % (TTM) (Long)0.82
ROE % (TTM) (Long)16.12
As at 30 Jun, 2017
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 6.00%

CICTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$4.93622$4.93622-$2.22017---$2.18965--
2017 +$0.35000$0.35000--------
29-Jun$0.17500$0.17500--------
30-Mar$0.17500$0.17500--------
2016 +$0.78360$0.78360-$0.35917---$0.24803--
29-Dec$0.17640$0.17640--------
29-Sep$0.17500$0.17500-$0.12554---$0.04946--
29-Jun$0.17860$0.17860-$0.12812---$0.05048--
30-Mar$0.25360$0.25360-$0.10551---$0.14809--
2015 +$0.72930$0.72930-$0.41623---$0.31307--
30-Dec$0.20430$0.20430-$0.08500---$0.11930--
30-Sep$0.17500$0.17500-$0.11041---$0.06459--
30-Jun$0.17500$0.17500-$0.11041---$0.06459--
31-Mar$0.17500$0.17500-$0.11041---$0.06459--
2014 +$0.70000$0.70000-$0.43231---$0.26769--
31-Dec$0.17500$0.17500-$0.11041---$0.06459--
30-Sep$0.17500$0.17500-$0.10730---$0.06770--
30-Jun$0.17500$0.17500-$0.10730---$0.06770--
31-Mar$0.17500$0.17500-$0.10730---$0.06770--
2013 +$0.70000$0.70000-$0.10730---$0.59270--
31-Dec$0.17500$0.17500-$0.10730---$0.06770--
30-Sep$0.17500$0.17500-----$0.17500--
28-Jun$0.17500$0.17500-----$0.17500--
28-Mar$0.17500$0.17500-----$0.17500--
2012 +$0.71250$0.71250-$0.30850---$0.40400--
31-Dec$0.17500$0.17500-----$0.17500--
28-Sep$0.17500$0.17500-$0.10044---$0.07456--
29-Jun$0.18750$0.18750-$0.10762---$0.07988--
30-Mar$0.17500$0.17500-$0.10044---$0.07456--
2011 +$0.70000$0.70000-$0.49797---$0.20203--
30-Dec$0.17500$0.17500-$0.10044---$0.07456--
30-Sep$0.17500$0.17500-$0.13251---$0.04249--
30-Jun$0.17500$0.17500-$0.13251---$0.04249--
31-Mar$0.17500$0.17500-$0.13251---$0.04249--
2010 +$0.26082$0.26082-$0.09869---$0.16213--
31-Dec$0.26082$0.26082-$0.09869---$0.16213--

News

11 Apr 2016 First Asset Opens the Market First Asset
23 Oct 2015 CI Financial scoops up ETF provider First Asset Capital The Globe and Mail | Clare O'Hara
19 Sep 2012 First Asset Distribution Press Release Marketwired
20 Jun 2012 First Asset Distribution Press Release Marketwired
21 Mar 2012 First Asset Distribution Press Release Marketwired
21 Sep 2011 First Asset: Distribution Press Release Marketwired
21 Jun 2011 First Asset: Distribution Press Release Marketwired
31 May 2011 XTF Capital Corp. Launches ETFs Marketwired