First Asset Enhanced Short Duration Bond ETF (U.S. Dollars)

 Fund Profile    Prospectus    

Fund Overview

Actively managed by Marret Asset Management Inc., the First Asset Enhanced Short Duration Bond ETF (the "Fund") aims to provide positive absolute returns over any twelve month period with very low volatility and attractive monthly distributions, regardless of the interest rate or credit environment. The Fund will primarily focus on U.S. and Canadian corporate bonds, utilizing government bond futures to target an overall portfolio duration of less than 2 years. Additionally, the Fund will utilize government debt or futures to hedge the interest rate risk of its corporate debt in order to isolate the credit risk of such holdings.

 1m3m6mYTD1ySI
FSB.U 0.26%0.45%1.32%1.99%2.19%2.10%
Benchmark0.42%0.12%0.71%1.06%0.64%1.37%
As at: 30 Nov 2018 - Benchmark: FTSE Canada Short Term Corporate Bond Index

 

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 Duration1.25
Weighted Average Term to Maturity1.81
Weighted Average Coupon % *3.61
Weighted Average Yield to Maturity %3.91
Weighted Average Current Yield % *3.61
Cash and Equivalents %10.80
As at 30 Nov, 2018
* Corporate and government bonds only.

Rating Summary (%) *

AAA8.70
AA2.20
A2.90
BBB25.30
BB43.60
B14.70
As at 30 Nov, 2018
* Corporate and government bonds only.
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 2.41% (as at 14 Dec 2018)

FSB.UTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.33000$0.33000---$0.01407-$0.03444$0.04170$0.00021
2018 +$0.24000$0.24000--------
21-Dec$0.02000$0.02000--------
26-Nov$0.02000$0.02000--------
25-Oct$0.02000$0.02000--------
24-Sep$0.02000$0.02000--------
27-Aug$0.02000$0.02000--------
25-Jul$0.02000$0.02000--------
25-Jun$0.02000$0.02000--------
25-May$0.02000$0.02000--------
24-Apr$0.02000$0.02000--------
23-Mar$0.02000$0.02000--------
22-Feb$0.02000$0.02000--------
25-Jan$0.02000$0.02000--------
2017 +$0.09000$0.09000---$0.01407-$0.03444$0.04170$0.00021
28-Dec$0.03000$0.03000---$0.00469-$0.01148$0.01390$0.00007
29-Nov$0.03000$0.03000---$0.00469-$0.01148$0.01390$0.00007
30-Oct$0.03000$0.03000---$0.00469-$0.01148$0.01390$0.00007

(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

11 Apr 2018 Tide turns for bonds - volatility brings the spotlight back to fixed income Special to The Globe and Mail | Dianne Maley
23 Feb 2018 Actively managed ETFs just keep getting hotter The Globel and Mail | Clare O'Hara
15 Feb 2018 First Asset bond ETF seeks higher yields and low volatility Morningstar | Michael Ryval

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 Short Duration Bond ETF (U.S. Dollars) please click here