First Asset Investment Grade Bond ETF

Fund Overview

Actively managed by Marret Asset Management, this ETF aims to provide exposure to a high quality, diversified mix of investment grade corporate bonds from issuers in Canada, the US and Europe. The manager strives to provide attractive monthly distributions, low volatility and negative correlation to other asset classes and has the ability to hedge interest rate risk, credit risk and broader systemic market risks. It is intended, that in all but exceptional market circumstances, foreign currency exposure will be hedged back to Canadian dollars. Up to 20% of foreign currency exposure can be unhedged.

 1m3m6mYTD1y2y3y4y5ySI
FIG -0.61%-0.54%0.63%3.15%2.41%4.12%2.64%3.70%2.88%4.33%
As at: 29 Sep 2017

 

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 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 October 23, 2009, and converted into an exchange traded fund on August 22, 2016. 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 increased to 0.50% (from 0.65%) of the NAV per unit and certain changes were made to the investment objectives, strategies and restrictions applicable to the Fund. Material among these changes is that the Fund is no longer able to utilize leverage in its portfolio. Had these changes been in effect prior to this date the performance of the Fund could have been different.


Key Facts

Fund Characteristics

Weighted Average Duration4.98
Weighted Average Term to Maturity7.64
Weighted Average Coupon %2.91
Weighted Average Yield to Maturity %2.64
Weighted Average Current Yield %2.78
As at 29 Sep, 2017

Rating Summary (%)

AAA1.20
AA4.90
A27.10
BBB64.90
As at 29 Sep, 2017
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 4.35%

FIGTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$5.96950$4.51950$1.45000--$0.76865$1.83350$3.00735--
2017 +$0.36000$0.36000--------
28-Sep$0.04000$0.04000--------
30-Aug$0.04000$0.04000--------
28-Jul$0.04000$0.04000--------
29-Jun$0.04000$0.04000--------
30-May$0.04000$0.04000--------
27-Apr$0.04000$0.04000--------
30-Mar$0.04000$0.04000--------
27-Feb$0.04000$0.04000--------
30-Jan$0.04000$0.04000--------
2016 +$0.51500$0.51500---$0.42048-$0.09452--
29-Dec$0.04000$0.04000---$0.03266-$0.00734--
29-Nov$0.04000$0.04000---$0.03266-$0.00734--
28-Oct$0.04000$0.04000---$0.03266-$0.00734--
29-Sep$0.04000$0.04000---$0.03266-$0.00734--
30-Aug$0.04000$0.04000---$0.03266-$0.00734--
29-Jul$0.04500$0.04500---$0.03674-$0.00826--
30-Jun$0.04500$0.04500---$0.03674-$0.00826--
31-May$0.04500$0.04500---$0.03674-$0.00826--
29-Apr$0.04500$0.04500---$0.03674-$0.00826--
31-Mar$0.04500$0.04500---$0.03674-$0.00826--
29-Feb$0.04500$0.04500---$0.03674-$0.00826--
29-Jan$0.04500$0.04500---$0.03674-$0.00826--
2015 +$0.54000$0.54000---$0.34817-$0.19183--
31-Dec$0.04500$0.04500---$0.02901-$0.01599--
30-Nov$0.04500$0.04500---$0.02901-$0.01599--
30-Oct$0.04500$0.04500---$0.02901-$0.01599--
30-Sep$0.04500$0.04500---$0.02901-$0.01599--
31-Aug$0.04500$0.04500---$0.02901-$0.01599--
31-Jul$0.04500$0.04500---$0.02901-$0.01599--
30-Jun$0.04500$0.04500---$0.02901-$0.01599--
29-May$0.04500$0.04500---$0.02901-$0.01599--
30-Apr$0.04500$0.04500---$0.02901-$0.01599--
31-Mar$0.04500$0.04500---$0.02901-$0.01599--
27-Feb$0.04500$0.04500---$0.02901-$0.01599--
30-Jan$0.04500$0.04500---$0.02901-$0.01599--
2014 +$2.04000$0.59000$1.45000---$1.83350$0.20650--
31-Dec$0.04500$0.04500----$0.02925$0.01575--
28-Nov$0.04500$0.04500----$0.02925$0.01575--
31-Oct$0.05000$0.05000----$0.03250$0.01750--
31-Oct$1.45000-$1.45000---$1.45000---
30-Sep$0.05000$0.05000----$0.03250$0.01750--
29-Aug$0.05000$0.05000----$0.03250$0.01750--
31-Jul$0.05000$0.05000----$0.03250$0.01750--
30-Jun$0.05000$0.05000----$0.03250$0.01750--
30-May$0.05000$0.05000----$0.03250$0.01750--
30-Apr$0.05000$0.05000----$0.03250$0.01750--
31-Mar$0.05000$0.05000----$0.03250$0.01750--
28-Feb$0.05000$0.05000----$0.03250$0.01750--
31-Jan$0.05000$0.05000----$0.03250$0.01750--
2013 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
29-Nov$0.05000$0.05000-----$0.05000--
31-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
30-Aug$0.05000$0.05000-----$0.05000--
31-Jul$0.05000$0.05000-----$0.05000--
28-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
30-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
28-Feb$0.05000$0.05000-----$0.05000--
31-Jan$0.05000$0.05000-----$0.05000--
2012 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.05000$0.05000-----$0.05000--
31-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
31-Aug$0.05000$0.05000-----$0.05000--
31-Jul$0.05000$0.05000-----$0.05000--
29-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
30-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
29-Feb$0.05000$0.05000-----$0.05000--
31-Jan$0.05000$0.05000-----$0.05000--
2011 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.05000$0.05000-----$0.05000--
31-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
31-Aug$0.05000$0.05000-----$0.05000--
31-Jul$0.05000$0.05000-----$0.05000--
30-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
29-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
28-Feb$0.05000$0.05000-----$0.05000--
31-Jan$0.05000$0.05000-----$0.05000--
2010 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.05000$0.05000-----$0.05000--
29-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
31-Aug$0.05000$0.05000-----$0.05000--
30-Jul$0.05000$0.05000-----$0.05000--
30-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
30-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
26-Feb$0.05000$0.05000-----$0.05000--
29-Jan$0.05000$0.05000-----$0.05000--
2009 +$0.11450$0.11450-----$0.11450--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.06450$0.06450-----$0.06450--

News

25 Sep 2017 First Asset Opens the Market First Asset

Documents

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To access the SEDAR filings of First Asset Investment Grade Bond ETF please click here