CI First Asset European Bank ETF

Fund Overview

The Fund's investment objective is to seek long-term total returns consisting of long-term capital appreciation and regular dividend income from an actively managed portfolio comprised primarily of equity securities of European banks.

Investor suitability
For those who:

  • want equity exposure to European banks
  • want active currency management (tactical hedging)
  • want to receive regular quarterly cash flows (if any)
  • can tolerate high risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
FHB -7.99%-4.43%4.83%-36.15%-27.20%-22.45%-18.81%-5.40%-10.77%-9.58%
As at: 30 Sep 2020

 

Historical NAVs

Sector Breakdown

As at September 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. On November 18, 2016, Signature Global Asset Management, a division of CI Investments Inc., commenced investment advisory and portfolio management services for the Fund. Had these changes been in effect prior to this date the performance of the Fund could have been different.


Key Facts

Fund Characteristics

Price/Earnings Ratio9.16
Price/Book Ratio0.45
As at 30 Sep, 2020

Fund Statistics

P/S Ratio (TTM) (Long)1.01
ROA % (TTM) (Long)1.26
ROE % (TTM) (Long)5.31
As at 30 Sep, 2020

Number of securities: 25

Asset Allocation

Security Type%
Foreign Stock99.75%
Currency Security0.25%

Top Holdings

NameSecurity TypeISINTicker %
BURFORD CAPITAL LTD Foreign StockGG00B4L84979 BUR LN 8.53
ING GROEP NV Foreign StockNL0011821202 INGA NA 8.30
BAWAG GROUP AG Foreign StockAT0000BAWAG2 BG AV 7.88
MONETA MONEY BANK AS Foreign StockCZ0008040318 MONET CP 6.48
ABN AMRO BANK NV Foreign StockNL0011540547 ABN NA 6.38
BNP PARIBAS SA Foreign StockFR0000131104 BNP FP 5.58
BANCO SANTANDER SA Foreign StockES0113900J37 SAN SM 5.26
AVIVA PLC Foreign StockGB0002162385 AV/ LN 4.43
UNICREDIT SPA Foreign StockIT0005239360 UCG IM 4.33
PRUDENTIAL PLC Foreign StockGB0007099541 PRU LN 4.31

As at: 30 September 2020
Holdings are subject to change

61.48%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 3.13% (as at 27 Oct 2020)

FHBTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.01360$0.97360$0.04000----$0.07272$0.98363$0.13301
2020 +$0.09030$0.09030--------
24-Sep$0.00970$0.00970--------
24-Jun$0.01970$0.01970--------
25-Mar$0.06090$0.06090--------
2019 +$0.24360$0.24360-----$0.00692$0.27848$0.04176
23-Dec$0.06090$0.06090-----$0.00173$0.06962$0.01044
24-Sep$0.06090$0.06090-----$0.00173$0.06962$0.01044
24-Jun$0.06090$0.06090-----$0.00173$0.06962$0.01044
25-Mar$0.06090$0.06090-----$0.00173$0.06962$0.01044
2018 +$0.27690$0.23690$0.04000-----$0.32576$0.04886
28-Dec$0.04000-$0.04000-----$0.04706$0.00706
21-Dec$0.06360$0.06360------$0.07482$0.01122
24-Sep$0.06360$0.06360------$0.07482$0.01122
25-Jun$0.06360$0.06360------$0.07482$0.01122
23-Mar$0.04610$0.04610------$0.05424$0.00814
2017 +$0.17930$0.17930-----$0.01526$0.18607$0.02203
28-Dec$0.04520$0.04520-----$0.00384$0.04691$0.00555
28-Sep$0.04520$0.04520-----$0.00384$0.04691$0.00555
29-Jun$0.04220$0.04220-----$0.00360$0.04379$0.00519
30-Mar$0.04670$0.04670-----$0.00398$0.04846$0.00574
2016 +$0.16010$0.16010-----$0.00233$0.17693$0.01916
29-Dec$0.03490$0.03490-----$0.00051$0.03857$0.00418
29-Sep$0.04140$0.04140-----$0.00060$0.04575$0.00495
29-Jun$0.04470$0.04470-----$0.00065$0.04940$0.00535
30-Mar$0.03910$0.03910-----$0.00057$0.04321$0.00468
2015 +$0.06340$0.06340-----$0.04821$0.01639$0.00120
30-Dec$0.02150$0.02150-----$0.01635$0.00556$0.00041
29-Sep$0.02020$0.02020-----$0.01536$0.00522$0.00038
29-Jun$0.02170$0.02170-----$0.01650$0.00561$0.00041

(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
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

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 European Bank ETF please click here