CI First Asset Energy Giants Covered Call ETF (Unhedged)

Morningstar
 Fund Profile    Prospectus    

Investment Objectives

The Fund's investment objective is to provide holders, through an actively managed portfolio, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of equity securities of the 15 largest non-Canadian issuers classified within either the "Integrated Oil & Gas" or "Oil & Gas Exploration & Production" Global Industry Classification Standard (GICS) sub-industry groups, or otherwise determined by the Manager to derive their revenue primarily from the exploration for and production of oil and natural gas ("Energy Companies") measured by US$ market capitalization with common stock or ADRs listed on a Canadian or U.S. stock exchange, and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly.

The foreign currency exposure attributable to the Units will not be hedged back to the Canadian dollar.

 1m3m6mYTD1y2y3y4ySI
NXF.B 2.30%-4.18%5.24%5.24%-9.06%8.44%5.40%2.52%2.13%
Benchmark3.39%-3.71%7.79%7.79%-11.65%5.29%2.93%1.76%0.42%
As at: 30 Jun 2019 - Benchmark: MSCI World/Energy NR Index

 

Sector Breakdown*

As at 28 June 2019
*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 MSCI World Energy Index is designed to capture the large and mid cap segments across 23 Developed Markets countries. All securities in the index are classified in the Energy sector as per the Global Industry Classification Standard (GICS®). This Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of the Developed Markets Energy sector.

Key Facts

Fund Characteristics

Gross Option Premium*3.91%
Current Dividend Yield14.67%
Price/Earnings Ratio12.56
Price/Book Ratio1.38
As at 28 Jun, 2019
* Gross Option Premiums represent those received on 21 Jun, 2019
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)0.76
P/C Ratio (TTM) (Long)4.71
ROA % (TTM) (Long)5.84
ROE % (TTM) (Long)12.78
As at 28 Jun, 2019
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Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 8.53% (as at 23 Jul 2019)

NXF.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$2.78870$2.78870----$0.46096$1.33448$0.78035$0.09518
2019 +$0.30810$0.30810--------
24-Jun$0.15240$0.15240--------
25-Mar$0.15570$0.15570--------
2018 +$0.64470$0.64470----$0.11459$0.34503$0.21775$0.03266
21-Dec$0.19630$0.19630----$0.03489$0.10506$0.06630$0.00995
24-Sep$0.16680$0.16680----$0.02965$0.08927$0.05634$0.00845
25-Jun$0.15700$0.15700----$0.02790$0.08402$0.05303$0.00795
23-Mar$0.12460$0.12460----$0.02215$0.06668$0.04208$0.00631
2017 +$0.53060$0.53060----$0.20972$0.15510$0.18806$0.02228
28-Dec$0.11000$0.11000----$0.04348$0.03215$0.03899$0.00462
28-Sep$0.13000$0.13000----$0.05138$0.03801$0.04607$0.00546
29-Jun$0.14530$0.14530----$0.05743$0.04247$0.05150$0.00610
30-Mar$0.14530$0.14530----$0.05743$0.04247$0.05150$0.00610
2016 +$0.70130$0.70130----$0.05927$0.47917$0.18303$0.02017
29-Dec$0.16310$0.16310----$0.01378$0.11144$0.04257$0.00469
29-Sep$0.15170$0.15170----$0.01282$0.10365$0.03959$0.00436
29-Jun$0.19000$0.19000----$0.01606$0.12982$0.04959$0.00547
30-Mar$0.19650$0.19650----$0.01661$0.13426$0.05128$0.00565
2015 +$0.60400$0.60400----$0.07738$0.35518$0.19151$0.02007
30-Dec$0.19900$0.19900----$0.02549$0.11702$0.06310$0.00661
29-Sep$0.18530$0.18530----$0.02374$0.10897$0.05875$0.00616
29-Jun$0.16640$0.16640----$0.02132$0.09785$0.05276$0.00553
30-Mar$0.05330$0.05330----$0.00683$0.03134$0.01690$0.00177

(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