CI First Asset Active Credit ETF (U.S. Dollars)

Fund Overview

The Fund's investment objective is to maximize long term risk-adjusted total returns, delivered through cash distributions and long term capital appreciation, in a manner consistent with preservation of capital and prudent risk management by actively investing in a portfolio consisting primarily of corporate fixed income instruments of North American issuers.

Investor suitability
For those who:

  • want exposure to high yielding fixed income securities with the potential for long term growth
  • are investing for the medium to long term
  • have US$ to invest
  • want to receive regular monthly cash flows (if any)
  • can tolerate low-to-medium risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
FAO.U -0.46%4.45%11.73%-4.39%-2.17%1.69%2.08%3.46%4.43%3.55%
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.

Key Facts

Fund Characteristics

Weighted Average Duration3.18
Weighted Average Term to Maturity6.90
Weighted Average Coupon % *3.63
Weighted Average Yield to Maturity %4.60
Weighted Average Current Yield % *4.87
Cash and Equivalents %5.30
As at 30 Sep, 2020
* Corporate and government bonds only.

Rating Summary (%) *

AAA-4.30
BBB2.50
BB50.50
B35.00
As at 30 Sep, 2020
* Corporate and government bonds only.

Number of securities: 109

Asset Allocation

Security Type%
Foreign Bond48.48%
Foreign Stock30.21%
Corporate Bond17.14%
Currency Security2.42%
Term Loans1.75%

Top Holdings

NameSecurity TypeISINTicker %
ISHARES IBOXX HIGH YLD CORP Foreign StockUS4642885135 HYG US 20.11
INVESCO SENIOR LOAN ETF Foreign StockUS46138G5080 BKLN US 4.92
ISHARES IBOXX INVESTMENT GRA Foreign StockUS4642872422 LQD US 2.35
CSC HOLDINGS LLC 144A - 4.13% (01/12/2030) Foreign BondUS126307BB25 CSCHLD 2.31
BAUSCH HEALTH COS INC 144A - 9.00% (15/12/2025) Corporate BondUS91911KAP75 BHCCN 1.94
FRONTIER COMMUNICATIONS C 144A - 8.00% (01/04/2027) Foreign BondUS35906ABC18 FTR 1.77
BAUSCH HEALTH COS INC 144A - 7.00% (15/03/2024) Corporate BondUS91911KAK88 1.67
CCO HOLDINGS LLC / CCO HO 144A - 4.50% (15/08/2030) Foreign BondUS1248EPCE15 1.66
COMMSCOPE INC 144A - 5.50% (01/03/2024) Foreign BondUS20338QAB95 COMM 1.66
CARVANA CO 144A - 8.88% (01/10/2023) Foreign BondUS146869AA09 CVNA 1.65

As at: 30 September 2020
Holdings are subject to change

40.04%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 6.11% (as at 27 Oct 2020)

FAO.UTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.14130$3.14130---$0.92884-$0.23541$1.54010$0.01305
2020 +$0.45000$0.45000--------
26-Oct$0.04500$0.04500--------
24-Sep$0.04500$0.04500--------
25-Aug$0.04500$0.04500--------
27-Jul$0.04500$0.04500--------
24-Jun$0.04500$0.04500--------
25-May$0.04500$0.04500--------
24-Apr$0.04500$0.04500--------
25-Mar$0.04500$0.04500--------
24-Feb$0.04500$0.04500--------
27-Jan$0.04500$0.04500--------
2019 +$0.54000$0.54000-----$0.06576$0.47424-
23-Dec$0.04500$0.04500-----$0.00548$0.03952-
25-Nov$0.04500$0.04500-----$0.00548$0.03952-
25-Oct$0.04500$0.04500-----$0.00548$0.03952-
24-Sep$0.04500$0.04500-----$0.00548$0.03952-
26-Aug$0.04500$0.04500-----$0.00548$0.03952-
25-Jul$0.04500$0.04500-----$0.00548$0.03952-
24-Jun$0.04500$0.04500-----$0.00548$0.03952-
27-May$0.04500$0.04500-----$0.00548$0.03952-
24-Apr$0.04500$0.04500-----$0.00548$0.03952-
25-Mar$0.04500$0.04500-----$0.00548$0.03952-
22-Feb$0.04500$0.04500-----$0.00548$0.03952-
25-Jan$0.04500$0.04500-----$0.00548$0.03952-
2018 +$0.54000$0.54000------$0.54000-
21-Dec$0.04500$0.04500------$0.04500-
26-Nov$0.04500$0.04500------$0.04500-
25-Oct$0.04500$0.04500------$0.04500-
24-Sep$0.04500$0.04500------$0.04500-
27-Aug$0.04500$0.04500------$0.04500-
25-Jul$0.04500$0.04500------$0.04500-
25-Jun$0.04500$0.04500------$0.04500-
25-May$0.04500$0.04500------$0.04500-
24-Apr$0.04500$0.04500------$0.04500-
23-Mar$0.04500$0.04500------$0.04500-
22-Feb$0.04500$0.04500------$0.04500-
25-Jan$0.04500$0.04500------$0.04500-
2017 +$0.54000$0.54000---$0.02256-$0.06732$0.45600$0.00588
28-Dec$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
29-Nov$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
30-Oct$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
28-Sep$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
30-Aug$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
28-Jul$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
29-Jun$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
30-May$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
27-Apr$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
30-Mar$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
27-Feb$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
30-Jan$0.04500$0.04500---$0.00188-$0.00561$0.03800$0.00049
2016 +$0.54720$0.54720---$0.52615-$0.00049$0.02056-
29-Dec$0.06320$0.06320---$0.06077-$0.00005$0.00238-
29-Nov$0.06320$0.06320---$0.06077-$0.00005$0.00238-
28-Oct$0.06320$0.06320---$0.06077-$0.00005$0.00238-
29-Sep$0.04000$0.04000---$0.03846-$0.00004$0.00150-
30-Aug$0.04000$0.04000---$0.03846-$0.00004$0.00150-
28-Jul$0.04000$0.04000---$0.03846-$0.00004$0.00150-
29-Jun$0.04000$0.04000---$0.03846-$0.00004$0.00150-
30-May$0.04000$0.04000---$0.03846-$0.00004$0.00150-
28-Apr$0.04000$0.04000---$0.03846-$0.00004$0.00150-
30-Mar$0.04000$0.04000---$0.03846-$0.00004$0.00150-
26-Feb$0.03810$0.03810---$0.03664-$0.00003$0.00143-
28-Jan$0.03950$0.03950---$0.03798-$0.00003$0.00149-
2015 +$0.52410$0.52410---$0.38013-$0.10184$0.04930$0.00717
30-Dec$0.03970$0.03970---$0.02879-$0.00771$0.00373$0.00053
27-Nov$0.04080$0.04080---$0.02959-$0.00793$0.00384$0.00056
29-Oct$0.04160$0.04160---$0.03017-$0.00808$0.00391$0.00056
29-Sep$0.04260$0.04260---$0.03090-$0.00828$0.00401$0.00059
28-Aug$0.04290$0.04290---$0.03112-$0.00834$0.00403$0.00059
30-Jul$0.04350$0.04350---$0.03155-$0.00845$0.00409$0.00059
29-Jun$0.04350$0.04350---$0.03155-$0.00845$0.00409$0.00059
28-May$0.04580$0.04580---$0.03322-$0.00890$0.00431$0.00063
29-Apr$0.04620$0.04620---$0.03351-$0.00898$0.00435$0.00064
30-Mar$0.04570$0.04570---$0.03315-$0.00888$0.00430$0.00063
26-Feb$0.04600$0.04600---$0.03336-$0.00894$0.00433$0.00063
29-Jan$0.04580$0.04580---$0.03322-$0.00890$0.00431$0.00063

(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

23 Feb 2018 Actively managed ETFs just keep getting hotter The Globel and Mail | Clare O'Hara
1 Feb 2016 Active ETFs finding fertile ground in Canada The Globe and Mail | Clare O'Hara
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
26 May 2015 Multi-factor ETFs bring better returns - and risks www.benefitscanada.com | Yaldaz Sadakova
6 Apr 2015 Modern day ETFs offer a world of choice & styles 24News.ca | Michael Prittie
22 May 2013 First Asset Distribution Press Release Marketwired
19 Apr 2013 First Asset Distribution Press Release Marketwired
19 Feb 2013 First Asset Distribution Press Release Marketwired
22 Jan 2013 First Asset Distribution Press Release Marketwired
21 Nov 2012 First Asset Distribution Press Release Marketwired
22 Oct 2012 First Asset Distribution Press Release Marketwired
19 Sep 2012 First Asset Distribution Press Release Marketwired
20 Jun 2012 First Asset Distribution Press Release Marketwired
22 May 2012 First Asset Distribution Press Release Marketwired
19 Apr 2012 First Asset Distribution Press Release Marketwired
21 Mar 2012 First Asset Distribution Press Release Marketwired
17 Feb 2012 First Asset Distribution Press Release Marketwired
20 Jan 2012 First Asset Distribution Press Release Marketwired
20 Oct 2011 First Asset Distribution Press Release Marketwired
21 Sep 2011 First Asset: Distribution Press Release Marketwired
22 Aug 2011 First Asset: Distribution Press Release Marketwired
20 Jul 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
16 Jan 2009 First Asset: Press Release Marketwired
23 Oct 2007 First Asset: Press Release Marketwired

Documents

5 Oct, 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 Active Credit ETF (U.S. Dollars) please click here