First Asset Energy Giants Covered Call ETF (CAD Hedged)

Investment Objectives

The Fund's investment objective is to provide holders, through an actively managed portfolio, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of equity securities of the 15 largest non-Canadian issuers classified within either the "Integrated Oil & Gas" or "Oil & Gas Exploration & Production" Global Industry Classification Standard (GICS) sub-industry groups, or otherwise determined by the Manager to derive their revenue primarily from the exploration for and production of oil and natural gas ("Energy Companies") measured by US$ market capitalization with common stock or ADRs listed on a Canadian or U.S. stock exchange, and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly.

It is intended that at all times at least 90% of the value of the foreign currency exposure attributable to the Units will be hedged back to the Canadian dollar.

 1m3m6mYTD1y2ySI
NXF -2.46%-5.07%-6.12%-7.31%7.60%-5.48%-4.20%
Benchmark-1.85%-4.28%-6.06%-9.57%6.06%-3.37%-2.99%
As at: 31 May 2017 - Benchmark: MSCI World/Energy NR Index (CAD Hedged)
 1m3m6mYTD1y2ySI
NXF.A -2.53%-5.26%-6.49%-7.62%6.75%-6.22%-4.95%
Benchmark-1.85%-4.28%-6.06%-9.57%6.06%-3.37%-2.99%
As at: 31 May 2017 - Benchmark: MSCI World/Energy NR Index (CAD Hedged)

 

Sector Breakdown*

As at 31 May 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 MSCI World Energy Index is designed to capture the large and mid cap segements across 23 Developed Markets countries. All securities in the index are classified in the Energy sector as per the Global Industry Classification Standard (GICS®). This Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of the Developed Markets Energy sector.

Key Facts

Fund Characteristics

Gross Option Premium*4.67%
Current Dividend Yield13.43%
Price/Earnings Ratio27.56
Price/Book Ratio1.31
As at 31 May, 2017
* Gross Option Premiums represent those received on 19 May, 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)0.99
P/C Ratio (TTM) (Long)6.07
ROA % (TTM) (Long)0.31
ROE % (TTM) (Long)0.23
As at 31 May, 2017
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 10.69%

NXFTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.56390$1.56390----$0.11408$0.87357$0.32867$0.03462
2017 +$0.28220$0.28220--------
29-Jun$0.14110$0.14110--------
30-Mar$0.14110$0.14110--------
2016 +$0.68780$0.68780----$0.11408$0.45117$0.13803$0.01548
29-Dec$0.16000$0.16000----$0.02654$0.10495$0.03211$0.00360
29-Sep$0.14850$0.14850----$0.02463$0.09741$0.02980$0.00334
29-Jun$0.18740$0.18740----$0.03108$0.12293$0.03761$0.00422
30-Mar$0.19190$0.19190----$0.03183$0.12588$0.03851$0.00432
2015 +$0.59390$0.59390-----$0.42240$0.19064$0.01914
30-Dec$0.19240$0.19240-----$0.13684$0.06176$0.00620
29-Sep$0.18130$0.18130-----$0.12895$0.05819$0.00584
29-Jun$0.16750$0.16750-----$0.11913$0.05377$0.00540
30-Mar$0.05270$0.05270-----$0.03748$0.01692$0.00170
Distribution details (.csv)

Twelve month-trailing distribution yield: 9.53%

NXF.ATotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.40050$1.40050-----$0.94722$0.22728$0.02300
2017 +$0.24900$0.24900--------
29-Jun$0.12450$0.12450--------
30-Mar$0.12450$0.12450--------
2016 +$0.62120$0.62120-----$0.50294$0.13238$0.01412
29-Dec$0.14200$0.14200-----$0.11497$0.03026$0.00323
29-Sep$0.13210$0.13210-----$0.10695$0.02815$0.00300
29-Jun$0.17100$0.17100-----$0.13845$0.03644$0.00389
30-Mar$0.17610$0.17610-----$0.14257$0.03753$0.00400
2015 +$0.53030$0.53030-----$0.44428$0.09490$0.00888
30-Dec$0.17670$0.17670-----$0.14804$0.03162$0.00296
29-Sep$0.16430$0.16430-----$0.13765$0.02940$0.00275
29-Jun$0.14620$0.14620-----$0.12248$0.02617$0.00245
30-Mar$0.04310$0.04310-----$0.03611$0.00771$0.00072

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
21 Jul 2015 Stripping away preconceived notions of fixed income Financial Post | John Pagliacci
10 Feb 2015 First Asset launches two ETFs Investment Executive | Tessie Sanci