First Asset Enhanced Government Bond ETF

 Fund Profile    Prospectus    

Fund Overview

Actively managed by Marret Asset Management Inc., the First Asset Enhanced Government Bond ETF (the “ETF”) investment objective is to provide long-term total returns through interest income and capital appreciation.

The ETF's portfolio will consist primarily of government debt, but may also hold other debt instruments across the credit spectrum including cash, investment-grade corporate debt, high-yield corporate debt, government debt futures, convertible debentures and credit derivatives. The Portfolio Manager has full flexibility with regards to duration positioning and will seek to provide optimal exposure through changing market conditions. At no time will more than 25% of the Portfolio be comprised of high-yield corporate debt securities.

It is intended that at all times at least 90% of the non-Canadian currency exposure attributable to the Common Units will be hedged to the Canadian dollar.

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 Duration1.18
Weighted Average Term to Maturity1.44
Weighted Average Coupon % *1.59
Weighted Average Yield to Maturity %1.44
Weighted Average Current Yield % *1.59
Cash and Equivalents %32.30
As at 30 Nov, 2018
* Corporate and government bonds only.

Rating Summary (%) *

AAA70.10
AA0.60
A0.30
BBB6.70
BB16.40
B2.00
As at 30 Nov, 2018
* Corporate and government bonds only.
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Distributions

Distribution details (.csv)
FGOTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.01500$0.01500--------
2018 +$0.01500$0.01500--------
21-Dec$0.01500$0.01500--------

(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.

The first quarterly distribution is expected to be announced in December 2018.

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 Enhanced Government Bond ETF please click here