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

Morningstar
 Fund Profile    Prospectus    

Fund overview

The First Asset 1-5 Year Laddered Government Strip Bond Index ETF (the "Fund") tracks the performance of a FTSE Canada 1-5 Year Laddered Government Strip Bond Index™ (the "Index"), net of expenses. This ETF invests in strip bonds derived from Canadian federal and provincial government issues with duration ranging from 1-5 years, making it an ideal solution for those looking to mitigate both interest rate risk and credit risk. Another important feature of strip bonds is that they're priced at discounts to their par values, offering up attractive tax-efficiency relative to other bonds trading at premiums.

 1m3m6mYTD1y2y3y4y5ySI
BXF 0.76%0.29%0.62%0.90%0.48%0.47%0.62%1.04%1.48%1.48%
As at: 30 Nov 2018

 

Sector Breakdown*

As at 30 November 2018
*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 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 Duration3.20
Weighted Average Term to Maturity3.20
Weighted Average Yield to Maturity %2.50
As at 30 Nov, 2018

Rating Summary (%)

AAA20.00
AA80.00
As at 30 Nov, 2018
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 1.86% (as at 14 Dec 2018)

BXFTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.79645$0.79645---$0.50870$0.01786$0.11439--
2018 +$0.15550$0.15550--------
21-Dec$0.04660$0.04660--------
24-Sep$0.04180$0.04180--------
25-Jun$0.03560$0.03560--------
23-Mar$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
15 Jun 2013 lesaffaires.com | Ian Gascon
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

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