CI First Asset Canadian Convertible Bond ETF

Fund Overview

The Fund's objectives are to provide holders with (i) quarterly cash distributions, and (ii) the opportunity for capital appreciation by investing on a capitalization weighted basis in a portfolio (the "Convertible Portfolio") of Convertible Bonds of Canadian issuers. Inclusion of a Convertible Bond in the Convertible Portfolio is based upon the following criteria: (i) minimum market capitalization outstanding of $50 million; (ii) minimum trailing 30 day average daily volume traded of $150 thousand; (iii) publicly traded on a stock exchange in Canada; (iv) not currently in default of payment of either interest or principal; and (v) at least 31 days to maturity (either term or next call), provided that, to the extent that an index is developed and published which establishes criteria and methodologies, which are, in the opinion of the Manager, similar to that of the Fund, the Manager may decide, in its discretion, to track that index and invest pursuant to such index's methodology.

Investor suitability
For those who:

  • want diversified Canadian convertible bond exposure
  • want income but also want above average capital appreciation potential relative to traditional Canadian corporate bonds
  • want to receive regular monthly cash flows (if any)
  • can tolerate low to medium risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
CXF 3.01%7.69%-2.66%-1.72%2.64%3.70%4.17%4.60%4.89%4.48%
As at: 31 Jul 2020

 

Historical NAVs

Sector Breakdown

As at June 30, 2020

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 Duration3.23
Weighted Average Term to Maturity3.63
Weighted Average Coupon %5.04
Weighted Average Yield to Maturity %5.69
Weighted Average Current Yield %5.37
As at 30 Jun, 2020
Loading...

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 5.04% (as at 5 Aug 2020)

CXFTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$4.39760$4.38960$0.00800$0.00106-$3.59748$0.12402$0.39504--
2020 +$0.28000$0.28000--------
27-Jul$0.04000$0.04000--------
24-Jun$0.04000$0.04000--------
25-May$0.04000$0.04000--------
24-Apr$0.04000$0.04000--------
25-Mar$0.04000$0.04000--------
24-Feb$0.04000$0.04000--------
27-Jan$0.04000$0.04000--------
2019 +$0.48800$0.48000$0.00800--$0.37381$0.11419---
30-Dec$0.00800-$0.00800--$0.00613$0.00187---
23-Dec$0.04000$0.04000---$0.03064$0.00936---
25-Nov$0.04000$0.04000---$0.03064$0.00936---
25-Oct$0.04000$0.04000---$0.03064$0.00936---
24-Sep$0.04000$0.04000---$0.03064$0.00936---
26-Aug$0.04000$0.04000---$0.03064$0.00936---
25-Jul$0.04000$0.04000---$0.03064$0.00936---
24-Jun$0.04000$0.04000---$0.03064$0.00936---
27-May$0.04000$0.04000---$0.03064$0.00936---
24-Apr$0.04000$0.04000---$0.03064$0.00936---
25-Mar$0.04000$0.04000---$0.03064$0.00936---
22-Feb$0.04000$0.04000---$0.03064$0.00936---
25-Jan$0.04000$0.04000---$0.03064$0.00936---
2018 +$0.48000$0.48000---$0.36364-$0.11636--
21-Dec$0.04000$0.04000---$0.00724-$0.03276--
26-Nov$0.04000$0.04000---$0.03240-$0.00760--
25-Oct$0.04000$0.04000---$0.03240-$0.00760--
24-Sep$0.04000$0.04000---$0.03240-$0.00760--
27-Aug$0.04000$0.04000---$0.03240-$0.00760--
25-Jul$0.04000$0.04000---$0.03240-$0.00760--
25-Jun$0.04000$0.04000---$0.03240-$0.00760--
25-May$0.04000$0.04000---$0.03240-$0.00760--
24-Apr$0.04000$0.04000---$0.03240-$0.00760--
23-Mar$0.04000$0.04000---$0.03240-$0.00760--
22-Feb$0.04000$0.04000---$0.03240-$0.00760--
25-Jan$0.04000$0.04000---$0.03240-$0.00760--
2017 +$0.48000$0.48000---$0.36012-$0.11988--
28-Dec$0.04000$0.04000---$0.03001-$0.00999--
29-Nov$0.04000$0.04000---$0.03001-$0.00999--
30-Oct$0.04000$0.04000---$0.03001-$0.00999--
28-Sep$0.04000$0.04000---$0.03001-$0.00999--
30-Aug$0.04000$0.04000---$0.03001-$0.00999--
28-Jul$0.04000$0.04000---$0.03001-$0.00999--
29-Jun$0.04000$0.04000---$0.03001-$0.00999--
30-May$0.04000$0.04000---$0.03001-$0.00999--
27-Apr$0.04000$0.04000---$0.03001-$0.00999--
30-Mar$0.04000$0.04000---$0.03001-$0.00999--
27-Feb$0.04000$0.04000---$0.03001-$0.00999--
30-Jan$0.04000$0.04000---$0.03001-$0.00999--
2016 +$0.46670$0.46670---$0.36870-$0.09800--
29-Dec$0.04000$0.04000---$0.03160-$0.00840--
29-Nov$0.04000$0.04000---$0.03160-$0.00840--
28-Oct$0.04000$0.04000---$0.03160-$0.00840--
29-Sep$0.04000$0.04000---$0.03160-$0.00840--
30-Aug$0.04000$0.04000---$0.03160-$0.00840--
28-Jul$0.04000$0.04000---$0.03160-$0.00840--
29-Jun$0.04000$0.04000---$0.03160-$0.00840--
30-May$0.04000$0.04000---$0.03160-$0.00840--
28-Apr$0.04000$0.04000---$0.03160-$0.00840--
30-Mar$0.03530$0.03530---$0.02789-$0.00741--
26-Feb$0.03550$0.03550---$0.02805-$0.00745--
28-Jan$0.03590$0.03590---$0.02836-$0.00754--
2015 +$0.43960$0.43960---$0.43622-$0.00338--
30-Dec$0.03550$0.03550---$0.03523-$0.00027--
27-Nov$0.03550$0.03550---$0.03523-$0.00027--
29-Oct$0.03530$0.03530---$0.03503-$0.00027--
29-Sep$0.03660$0.03660---$0.03632-$0.00028--
28-Aug$0.03650$0.03650---$0.03622-$0.00028--
30-Jul$0.03630$0.03630---$0.03602-$0.00028--
29-Jun$0.03630$0.03630---$0.03602-$0.00028--
28-May$0.03640$0.03640---$0.03612-$0.00028--
29-Apr$0.03630$0.03630---$0.03602-$0.00028--
30-Mar$0.03820$0.03820---$0.03791-$0.00029--
26-Feb$0.03830$0.03830---$0.03800-$0.00030--
29-Jan$0.03840$0.03840---$0.03810-$0.00030--
2014 +$0.48790$0.48790---$0.44533-$0.04257--
30-Dec$0.03980$0.03980---$0.03633-$0.00347--
27-Nov$0.03980$0.03980---$0.03633-$0.00347--
30-Oct$0.03980$0.03980---$0.03633-$0.00347--
29-Sep$0.03980$0.03980---$0.03633-$0.00347--
28-Aug$0.04000$0.04000---$0.03651-$0.00349--
30-Jul$0.04000$0.04000---$0.03651-$0.00349--
27-Jun$0.04090$0.04090---$0.03733-$0.00357--
29-May$0.04100$0.04100---$0.03742-$0.00358--
29-Apr$0.04170$0.04170---$0.03806-$0.00364--
28-Mar$0.04170$0.04170---$0.03806-$0.00364--
27-Feb$0.04170$0.04170---$0.03806-$0.00364--
30-Jan$0.04170$0.04170---$0.03806-$0.00364--
2013 +$0.50860$0.50860---$0.49375-$0.01485--
30-Dec$0.04170$0.04170---$0.04048-$0.00122--
28-Nov$0.05210$0.05210---$0.05058-$0.00152--
30-Oct$0.05210$0.05210---$0.05058-$0.00152--
27-Sep$0.04170$0.04170---$0.04048-$0.00122--
29-Aug$0.04170$0.04170---$0.04048-$0.00122--
30-Jul$0.04170$0.04170---$0.04048-$0.00122--
27-Jun$0.04170$0.04170---$0.04048-$0.00122--
30-May$0.04170$0.04170---$0.04048-$0.00122--
29-Apr$0.04170$0.04170---$0.04048-$0.00122--
27-Mar$0.03750$0.03750---$0.03641-$0.00109--
27-Feb$0.03750$0.03750---$0.03641-$0.00109--
30-Jan$0.03750$0.03750---$0.03641-$0.00109--
2012 +$0.48220$0.48220-$0.00106-$0.48114----
28-Dec$0.04600$0.04600-$0.00010-$0.04590----
29-Nov$0.03420$0.03420-$0.00008-$0.03412----
30-Oct$0.03420$0.03420-$0.00008-$0.03412----
27-Sep$0.03420$0.03420-$0.00008-$0.03412----
30-Aug$0.04170$0.04170-$0.00009-$0.04161----
30-Jul$0.04170$0.04170-$0.00009-$0.04161----
30-Jun$0.04170$0.04170-$0.00009-$0.04161----
30-May$0.04170$0.04170-$0.00009-$0.04161----
27-Apr$0.04170$0.04170-$0.00009-$0.04161----
29-Mar$0.04170$0.04170-$0.00009-$0.04161----
29-Feb$0.04170$0.04170-$0.00009-$0.04161----
30-Jan$0.04170$0.04170-$0.00009-$0.04161----
2011 +$0.28460$0.28460---$0.27477$0.00983---
29-Dec$0.04170$0.04170---$0.04026$0.00144---
29-Nov$0.04170$0.04170---$0.04026$0.00144---
28-Oct$0.04170$0.04170---$0.04026$0.00144---
29-Sep$0.04170$0.04170---$0.04026$0.00144---
30-Aug$0.11780$0.11780---$0.11373$0.00407---

(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 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
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
20 May 2014 First Asset ETF Funds May 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
21 May 2013 First Asset ETFs Announce Distributions Marketwired
18 Apr 2013 First Asset ETFs Announce Distributions Marketwired
15 Feb 2013 First Asset ETFs Announce Distributions Marketwired
21 Jan 2013 First Asset ETFs Announce Distributions Marketwired
1 Dec 2012 Fixed-income ETFs hit the sweet spot Investment Executive | Dwarka Lakhan
30 Nov 2012 5 myths about exchange traded funds Financial Post | David Pett
14 Mar 2012 Don't take your ETF's yield at face value Morningstar | John Gabriel
12 Mar 2012 XTF Insight: Convertible bond exchange-traded funds show potential in diversified portfolios Financial Post | Postmedia for XTF | Barry Gordon
7 Mar 2012 Are ETFs bought, rather than sold? Financial Post | Jonathan Chevreau
5 Mar 2012 XTF Insight: Hedging your bets with ETFs Financial Post | Postmedia for XTF
17 Feb 2012 More room to grow for Canadian ETFs Financial Post | David Pett
13 Feb 2012 How ETFs Have Evolved ETF TRENDS | John Spence
13 Feb 2012 XTF Insight: The evolution of ETFs Financial Post | Postmedia for XTF | Barry Gordon
8 Feb 2012 ETFs spurring shift to fee-based advice The Globe and Mail | John Heinzl
6 Feb 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
30 Jan 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
20 Jan 2012 ETF firms take aim at advisors Investment Executive | Megan Harman
13 Dec 2011 First Asset licenses Morningstar indexes for ETFs Investment Executive | James Langton
15 Nov 2011 Advisors embracing ETFs Investment Executive | Megan Harman
8 Jun 2011 First convertible-bond ETF launched Morningstar | Rudy Luukko
7 Jun 2011 Convertible bond ETF debuts in Canada Financial Post Staff
7 Jun 2011 Vanguard targets fee-only advisers The Global and Mail | Shirley Won
6 Jun 2011 Vanguard poised to set off ETF price war The Globe and Mail | Shirley Won
6 Jun 2011 XTF Launches Convertible Bond ETF Advisor.ca
6 Jun 2011 Canada's first ETF on convertible debentures opens Tuesday Financial Post | Barry Critchley

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, 2019 - 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 Canadian Convertible Bond ETF please click here