First Asset U.S. & Canada Lifeco Income ETF

Investment Objectives

First Asset U.S. & Canada Lifeco Income ETF (the "Fund") investment objectives are to provide unitholders with (i) quarterly cash distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would be experienced by owning a portfolio of publicly-traded common equity securities of the ten largest U.S. and Canadian life insurance companies by market capitalization directly.

The Manager believes that the portfolio securities of the Fund are attractive long term investments, but that they may exhibit significant price volatility for the foreseeable future. Accordingly, the Manager believes that an investment strategy which incorporates selling call options to capitalize on this volatility while retaining all the upside on a significant portion of the Fund's portfolio is an attractive risk adjusted way to own a portfolio of such securities.

 1m3m6mYTD1y2y3ySI
FLI -2.77%-1.92%2.89%1.06%20.44%10.46%13.36%13.83%
Benchmark1.41%2.57%10.81%8.66%17.47%9.30%10.13%12.82%
As at: 31 May 2017 - Benchmark: S&P 500 TR Index
 1m3m6mYTD1y2ySI
FLI.A -2.84%-2.23%2.36%0.60%19.36%9.53%10.35%
Benchmark1.41%2.57%10.81%8.66%17.47%9.30%10.13%12.82%
As at: 31 May 2017 - Benchmark: S&P 500 TR Index

 

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 Fund was originally launched as a TSX-listed closed-end fund on August 22, 2013, and converted into a TSX-listed exchange traded fund on September 3, 2014. Performance shown is since inception of the closed-end fund.

The S&P 500 Index tracks 500 large-cap U.S. stocks representing all major industries. This index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of the broader U.S. equity market.

Key Facts

Fund Characteristics

Gross Option Premium*3.07%
Current Dividend Yield12.73%
Price/Earnings Ratio12.44
Price/Book Ratio1.22
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)1.06
ROA % (TTM) (Long)1.00
ROE % (TTM) (Long)10.04
As at 31 May, 2017
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 6.81%

FLITotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$2.37850$2.37850----$1.27733$0.76317--
2017 +$0.33800$0.33800--------
29-Jun$0.16900$0.16900--------
30-Mar$0.16900$0.16900--------
2016 +$0.71960$0.71960----$0.69284$0.02676--
29-Dec$0.19260$0.19260----$0.18544$0.00716--
29-Sep$0.16570$0.16570----$0.15954$0.00616--
29-Jun$0.17200$0.17200----$0.16560$0.00640--
30-Mar$0.18930$0.18930----$0.18226$0.00704--
2015 +$0.57820$0.57820----$0.47123$0.10697--
30-Dec$0.18640$0.18640----$0.15192$0.03448--
29-Sep$0.15960$0.15960----$0.13007$0.02953--
29-Jun$0.12010$0.12010----$0.09788$0.02222--
30-Mar$0.11210$0.11210----$0.09136$0.02074--
2014 +$0.50770$0.50770----$0.11326$0.39444--
30-Dec$0.11420$0.11420----$0.02548$0.08872--
29-Sep$0.12000$0.12000----$0.02677$0.09323--
30-Jun$0.11100$0.11100----$0.02476$0.08624--
31-Mar$0.16250$0.16250----$0.03625$0.12625--
2013 +$0.23500$0.23500-----$0.23500--
31-Dec$0.23500$0.23500-----$0.23500--
Distribution details (.csv)

Twelve month-trailing distribution yield: 5.76%

FLI.ATotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.48340$1.48340----$0.89844$0.30256--
2017 +$0.28240$0.28240--------
29-Jun$0.14120$0.14120--------
30-Mar$0.14120$0.14120--------
2016 +$0.62630$0.62630----$0.62630---
29-Dec$0.16550$0.16550----$0.16550---
29-Sep$0.14300$0.14300----$0.14300---
29-Jun$0.15020$0.15020----$0.15020---
30-Mar$0.16760$0.16760----$0.16760---
2015 +$0.48020$0.48020----$0.27214$0.20806--
30-Dec$0.16250$0.16250----$0.09209$0.07041--
29-Sep$0.13550$0.13550----$0.07679$0.05871--
29-Jun$0.09500$0.09500----$0.05384$0.04116--
30-Mar$0.08720$0.08720----$0.04942$0.03778--
2014 +$0.09450$0.09450-----$0.09450--
30-Dec$0.09450$0.09450-----$0.09450--

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
30 Sep 2014 A look inside Canada's hottest ETFs Special to the Globe and Mail | Andrew Hallam
15 May 2014 There’s no debating the intelligence of “smart beta” Your Guide to ETF Investing
13 May 2014 Behind the Scenes with Smart Beta www.wealthprofessional.ca
5 May 2014 Taming Wild Currency Plays www.wealthprofessional.ca
14 Apr 2014 Fifteen top Canadian equity funds The Globe and Mail | Jacqueline Nelson
19 Mar 2014 First Asset ETFs March Distributions Marketwired
14 Mar 2014 Understanding factor-indexed ETFs ADVISOR.CA
10 Dec 2013 Intelligent indexing puts a new spin on ETF investing Special to Financial Post
13 Sep 2013 Don't buy exchange-traded funds blindly Richmond News

Documents

Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on them

To access the SEDAR filings of First Asset U.S. & Canada Lifeco Income ETF please click here