CI First Asset 1-5 Year Laddered Government Strip Bond Index ETF

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of a Canadian 1-5 year laddered government strip bond index, net of expenses. The current index is the FTSE Canada 1-5 Year Laddered Government Strip Bond IndexTM (the "Index"). The Fund invests primarily in strip bonds, both coupons and residuals, derived from Canadian federal and provincial government bonds issued domestically in Canada and denominated in Canadian dollars. The investment strategy of the Fund is to invest in and hold constituent securities of the Index in substantially the same proportion as they are reflected in the Index.

Investor suitability
For those who:

  • want short-term bond exposure to minimize interest rate risk
  • want government bond exposure to minimize credit risk
  • want to receive regular quarterly cash flows (if any)
  • Can tolerate low risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
BXF 0.17%0.36%2.08%4.89%4.81%4.66%3.34%2.19%2.08%2.29%
As at: 30 Sep 2020

 

Historical NAVs

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 is not in any way sponsored, endorsed, sold or promoted by, FTSE Debt Capital Markets Inc. ("FTDCM"), FTSE International limited ("FTSE") or the London Stock Exchange Group companies (the "Exchange")(FTDCM and together with FTSE and the Exchange, the "Licensor Parties"). The Licensor Parties make no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Index and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTDCM and all copyright in the Index values and constituent lists vests in FTDCM. The Licensor Parties shall not be liable (whether in negligence or otherwise) to any person for any error in the Index and the Licensor Parties shall not be under any obligation to advise any person of any error therein. The Index is a trademark of FTSE Global Debt Capital Markets Inc., incorporating "FTSE®" under license. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTDCM under licence.

Key Facts

Fund Characteristics

Weighted Average Duration3.30
Weighted Average Term to Maturity3.30
Weighted Average Yield to Maturity %0.59
As at 30 Sep, 2020

Rating Summary (%)

AAA20.00
AA80.00
As at 30 Sep, 2020

Number of securities: 25

Asset Allocation

Security Type%
Deep Discounted Bond100.00%

Holdings

NameSecurity TypeISINTicker %
PROV OF ONTARIO (02/06/2024) Deep Discounted BondCA68323ZUT43 ONTSTP 4.55
PROV OF ONTARIO (02/12/2023) Deep Discounted BondCA68323ZUS69 ONTSTP 4.52
HYDRO QUEBEC (15/02/2024) Deep Discounted BondCA44882ZVG58 QHESTP 4.52
GOVERNMENT OF CANADA (01/06/2024) Deep Discounted BondCA13508ZB277 CANCDS 4.51
HYDRO QUEBEC (15/08/2023) Deep Discounted BondCA44882ZVF75 QHESTP 4.49
PROV OF ONTARIO (02/06/2025) Deep Discounted BondCA68323ZUV98 ONTSTP CN 4.21
HYDRO QUEBEC (15/02/2025) Deep Discounted BondCA44882ZVJ97 QHESTP CN 4.17
HYDRO QUEBEC (15/08/2024) Deep Discounted BondCA44882ZVH32 QHESTP CN 4.16
GOVERNMENT OF CANADA (01/06/2025) Deep Discounted BondCA13508ZB434 CANCDS CN 4.15
PROV OF ONTARIO (02/12/2024) Deep Discounted BondCA68323ZUU16 ONTSTP CN 4.15
PROV OF ONTARIO (02/06/2022) Deep Discounted BondCA68323ZUP21 ONTSTP 3.91
PROV OF ONTARIO (02/12/2021) Deep Discounted BondCA68323ZUN72 ONTSTP 3.89
HYDRO QUEBEC (15/08/2021) Deep Discounted BondCA44882ZVB61 QHESTP 3.89
HYDRO QUEBEC (15/02/2022) Deep Discounted BondCA44882ZVC45 QHESTP 3.88
PROV OF ONTARIO (02/12/2022) Deep Discounted BondCA68323ZUQ04 ONTSTP 3.79
PROV OF ONTARIO (02/06/2023) Deep Discounted BondCA68323ZUR86 ONTSTP 3.78
HYDRO QUEBEC (15/02/2023) Deep Discounted BondCA44882ZVE01 QHESTP 3.77
HYDRO QUEBEC (15/08/2022) Deep Discounted BondCA44882ZVD28 QHESTP 3.76
GOVERNMENT OF CANADA (01/12/2021) Deep Discounted BondCA13508ZYV89 CANCDS 3.73
HYDRO QUEBEC (15/02/2026) Deep Discounted BondCA44882ZVL44 QHESTP 3.70
PROV OF ONTARIO (02/12/2025) Deep Discounted BondCA68323ZZF93 ONTSTP 3.70
PROV OF ONTARIO (02/06/2026) Deep Discounted BondCA68323ZA749 ONTSTP 3.69
GOVERNMENT OF CANADA (01/06/2023) Deep Discounted BondCA13508ZA857 CANCDS 3.69
HYDRO QUEBEC (15/08/2025) Deep Discounted BondCA44882ZVK60 QHESTP 3.68
GOVERNMENT OF CANADA (01/06/2026) Deep Discounted BondCA13509ZWT43 CANCDS 3.66

As at: 19 October 2020
Holdings are subject to change

99.95%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 1.67% (as at 19 Oct 2020)

BXFTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.10935$1.10835$0.00100--$0.84310$0.01786$0.11439--
2020 +$0.13400$0.13400--------
24-Sep$0.04100$0.04100--------
24-Jun$0.04780$0.04780--------
25-Mar$0.04520$0.04520--------
2019 +$0.17790$0.17790---$0.17790----
23-Dec$0.04320$0.04320---$0.04320----
24-Sep$0.04850$0.04850---$0.04850----
24-Jun$0.04260$0.04260---$0.04260----
25-Mar$0.04360$0.04360---$0.04360----
2018 +$0.15650$0.15550$0.00100--$0.15650----
28-Dec$0.00100-$0.00100--$0.00100----
21-Dec$0.04660$0.04660---$0.04660----
24-Sep$0.04180$0.04180---$0.04180----
25-Jun$0.03560$0.03560---$0.03560----
23-Mar$0.03150$0.03150---$0.03150----
2017 +$0.11860$0.11860---$0.11147-$0.00713--
28-Dec$0.03230$0.03230---$0.03036-$0.00194--
28-Sep$0.03050$0.03050---$0.02867-$0.00183--
29-Jun$0.02790$0.02790---$0.02622-$0.00168--
30-Mar$0.02790$0.02790---$0.02622-$0.00168--
2016 +$0.12200$0.12200---$0.10102$0.01404$0.00694--
29-Dec$0.03000$0.03000---$0.02484$0.00345$0.00171--
29-Sep$0.03000$0.03000---$0.02484$0.00345$0.00171--
29-Jun$0.03100$0.03100---$0.02567$0.00357$0.00176--
30-Mar$0.03100$0.03100---$0.02567$0.00357$0.00176--
2015 +$0.12780$0.12780---$0.07302$0.00382$0.05096--
30-Dec$0.03100$0.03100---$0.01771$0.00093$0.01236--
29-Sep$0.03100$0.03100---$0.01771$0.00093$0.01236--
29-Jun$0.03290$0.03290---$0.01880$0.00098$0.01312--
30-Mar$0.03290$0.03290---$0.01880$0.00098$0.01312--
2014 +$0.17510$0.17510---$0.14177-$0.03333--
30-Dec$0.04410$0.04410---$0.03571-$0.00839--
29-Sep$0.04340$0.04340---$0.03514-$0.00826--
27-Jun$0.04380$0.04380---$0.03546-$0.00834--
28-Mar$0.04380$0.04380---$0.03546-$0.00834--
2013 +$0.09745$0.09745---$0.08142-$0.01603--
30-Dec$0.04375$0.04375---$0.03655-$0.00720--
27-Sep$0.05370$0.05370---$0.04487-$0.00883--

(1) Future distribution dates may be amended at any time. (2) Reinvested distributions are not paid in cash but instead remain invested in the Fund. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. (3) The characterization of distributions for tax purposes (such as dividends/other income/capital gains etc.) will not be known for certain until after the Fund's tax year end. Therefore investors will be informed of the characterization of the amounts distributed for tax purposes only for the entire year and not with each distribution. For tax purposes these amounts will be reported by brokers on official tax statements.

News

7 Jun 2018 Friends with tax benefits: How ETFs can help keep the taxman at bay Financial Post | Jonathan Chevreau
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
3 Mar 2015 Which Bond ETF Is Most Tax-Efficient? Canadian Couch Potato
25 Feb 2015 BXF no longer a strip tease Canadian Portfolio Manager | Justin Bender
30 Sep 2014 A look inside Canada's hottest ETFs Special to the Globe and Mail | Andrew Hallam
18 Jun 2014 First Asset ETFs June Distributions Marketwired
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
17 Oct 2013 Scouring for ETFs that mix growth, value The Globe and Mail | Ian McGugan
13 Sep 2013 Don't buy exchange-traded funds blindly Richmond News
7 Jun 2013 Why Use a Strip Bond ETF? Canadian Couch Potato | Dan Bortolotti
5 Jun 2013 A New ETF of Strip Bonds Canadian Couch Potato | Dan Bortolotti
4 Jun 2013 First Asset announces ETF Challenge winner Investment Executive | Fiona Collie

Documents

22 Apr, 2020 - ETF Facts

National Instrument 81-106 Investment Fund Continuous Disclosure requires disclosure of the proxy voting record on an annual basis for the period ending on June 30 of each year. The proxy voting record must be posted on the website no later than August 31 of each year.

Canadian securities law provides that the manager of an investment funds (in this case, CI Investments Inc. ("CI")), acting on behalf of the investment fund, has the right and obligation to vote proxies relating to the investment fund's portfolio securities. As a practical matter, CI delegates this function to the applicable portfolio manager or sub-adviser, as part of the portfolio manager's or sub-adviser's general management of the investment fund assets, subject to oversight by CI. CI generally requires that applicable portfolio managers or sub-advisers vote all proxies in the best interest of CI's funds and their securityholders, as determined solely by the portfolio manager or sub-adviser, and subject to CI's proxy voting policy, the guidelines applicable to the individual portfolio manager or sub-adviser, and applicable legislation. Portfolio managers and sub-advisers are generally expected to vote on any matter for which the investment fund receives proxy materials for a meeting of securityholders of an issuer.

Proxy voting record for the most recent year:

30 Jun, 2020 - Proxy Voting Record

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 CI First Asset 1-5 Year Laddered Government Strip Bond Index ETF please click here