First Asset Investment Grade Bond ETF

Fund Overview

Actively managed by Marret Asset Management, this ETF aims to provide exposure to a high quality, diversified mix of investment grade corporate bonds from issuers in Canada, the US and Europe. The manager strives to provide attractive monthly distributions, low volatility and negative correlation to other asset classes and has the ability to hedge interest rate risk, credit risk and broader systemic market risks. It is intended, that in all but exceptional market circumstances, foreign currency exposure will be hedged back to Canadian dollars. Up to 20% of foreign currency exposure can be unhedged.

 1m3m6mYTD1y2y3y4y5ySI
FIG 0.54%-0.10%1.24%-0.10%1.88%4.13%2.32%2.74%2.34%4.22%
Benchmark0.51%0.28%2.15%0.28%1.81%2.93%2.17%3.65%3.37%4.87%
As at: 29 Mar 2018 - Benchmark: FTSE TMX Canada All 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. The Fund was originally launched as a TSX-listed closed-end fund on October 23, 2009, and converted into an exchange traded fund on August 22, 2016. Performance shown is since inception of the closed-end fund. In connection with the conversion, and pursuant to unitholder approval, the annual management fee payable by the Fund to First Asset, as manager, was increased to 0.65% (from 0.50%) of the NAV per unit and certain changes were made to the investment objectives, strategies and restrictions applicable to the Fund. Material among these changes is that the Fund is no longer able to utilize leverage in its portfolio. Had these changes been in effect prior to this date the performance of the Fund could have been different.


FTSE TMX Canada All Corporate Bond Index is comprised primarily of investment-grade corporate bonds issued domestically and denominated in Canadian dollars (CAD). The Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of high grade Canadian corporate bonds.

Key Facts

Fund Characteristics

Weighted Average Duration4.24
Weighted Average Term to Maturity5.88
Weighted Average Coupon % *2.50
Weighted Average Yield to Maturity %2.77
Weighted Average Current Yield % *2.44
Cash and Equivalents %23.40
As at 29 Mar, 2018
* Corporate and government bonds only.

Rating Summary (%) *

AAA17.10
AA7.00
A22.80
BBB52.00
BB1.00
As at 29 Mar, 2018
* Corporate and government bonds only.
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 4.16%

FIGTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$6.21750$4.76750$1.45000--$1.04441$1.83350$3.16263$0.04896-
2018 +$0.12800$0.12800--------
24-Apr$0.03200$0.03200--------
23-Mar$0.03200$0.03200--------
22-Feb$0.03200$0.03200--------
25-Jan$0.03200$0.03200--------
2017 +$0.48000$0.48000---$0.27576-$0.15528$0.04896-
28-Dec$0.04000$0.04000---$0.02298-$0.01294$0.00408-
29-Nov$0.04000$0.04000---$0.02298-$0.01294$0.00408-
30-Oct$0.04000$0.04000---$0.02298-$0.01294$0.00408-
28-Sep$0.04000$0.04000---$0.02298-$0.01294$0.00408-
30-Aug$0.04000$0.04000---$0.02298-$0.01294$0.00408-
28-Jul$0.04000$0.04000---$0.02298-$0.01294$0.00408-
29-Jun$0.04000$0.04000---$0.02298-$0.01294$0.00408-
30-May$0.04000$0.04000---$0.02298-$0.01294$0.00408-
27-Apr$0.04000$0.04000---$0.02298-$0.01294$0.00408-
30-Mar$0.04000$0.04000---$0.02298-$0.01294$0.00408-
27-Feb$0.04000$0.04000---$0.02298-$0.01294$0.00408-
30-Jan$0.04000$0.04000---$0.02298-$0.01294$0.00408-
2016 +$0.51500$0.51500---$0.42048-$0.09452--
29-Dec$0.04000$0.04000---$0.03266-$0.00734--
29-Nov$0.04000$0.04000---$0.03266-$0.00734--
28-Oct$0.04000$0.04000---$0.03266-$0.00734--
29-Sep$0.04000$0.04000---$0.03266-$0.00734--
30-Aug$0.04000$0.04000---$0.03266-$0.00734--
29-Jul$0.04500$0.04500---$0.03674-$0.00826--
30-Jun$0.04500$0.04500---$0.03674-$0.00826--
31-May$0.04500$0.04500---$0.03674-$0.00826--
29-Apr$0.04500$0.04500---$0.03674-$0.00826--
31-Mar$0.04500$0.04500---$0.03674-$0.00826--
29-Feb$0.04500$0.04500---$0.03674-$0.00826--
29-Jan$0.04500$0.04500---$0.03674-$0.00826--
2015 +$0.54000$0.54000---$0.34817-$0.19183--
31-Dec$0.04500$0.04500---$0.02901-$0.01599--
30-Nov$0.04500$0.04500---$0.02901-$0.01599--
30-Oct$0.04500$0.04500---$0.02901-$0.01599--
30-Sep$0.04500$0.04500---$0.02901-$0.01599--
31-Aug$0.04500$0.04500---$0.02901-$0.01599--
31-Jul$0.04500$0.04500---$0.02901-$0.01599--
30-Jun$0.04500$0.04500---$0.02901-$0.01599--
29-May$0.04500$0.04500---$0.02901-$0.01599--
30-Apr$0.04500$0.04500---$0.02901-$0.01599--
31-Mar$0.04500$0.04500---$0.02901-$0.01599--
27-Feb$0.04500$0.04500---$0.02901-$0.01599--
30-Jan$0.04500$0.04500---$0.02901-$0.01599--
2014 +$2.04000$0.59000$1.45000---$1.83350$0.20650--
31-Dec$0.04500$0.04500----$0.02925$0.01575--
28-Nov$0.04500$0.04500----$0.02925$0.01575--
31-Oct$1.45000-$1.45000---$1.45000---
31-Oct$0.05000$0.05000----$0.03250$0.01750--
30-Sep$0.05000$0.05000----$0.03250$0.01750--
29-Aug$0.05000$0.05000----$0.03250$0.01750--
31-Jul$0.05000$0.05000----$0.03250$0.01750--
30-Jun$0.05000$0.05000----$0.03250$0.01750--
30-May$0.05000$0.05000----$0.03250$0.01750--
30-Apr$0.05000$0.05000----$0.03250$0.01750--
31-Mar$0.05000$0.05000----$0.03250$0.01750--
28-Feb$0.05000$0.05000----$0.03250$0.01750--
31-Jan$0.05000$0.05000----$0.03250$0.01750--
2013 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
29-Nov$0.05000$0.05000-----$0.05000--
31-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
30-Aug$0.05000$0.05000-----$0.05000--
31-Jul$0.05000$0.05000-----$0.05000--
28-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
30-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
28-Feb$0.05000$0.05000-----$0.05000--
31-Jan$0.05000$0.05000-----$0.05000--
2012 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.05000$0.05000-----$0.05000--
31-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
31-Aug$0.05000$0.05000-----$0.05000--
31-Jul$0.05000$0.05000-----$0.05000--
29-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
30-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
29-Feb$0.05000$0.05000-----$0.05000--
31-Jan$0.05000$0.05000-----$0.05000--
2011 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.05000$0.05000-----$0.05000--
31-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
31-Aug$0.05000$0.05000-----$0.05000--
31-Jul$0.05000$0.05000-----$0.05000--
30-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
29-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
28-Feb$0.05000$0.05000-----$0.05000--
31-Jan$0.05000$0.05000-----$0.05000--
2010 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.05000$0.05000-----$0.05000--
29-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
31-Aug$0.05000$0.05000-----$0.05000--
30-Jul$0.05000$0.05000-----$0.05000--
30-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
30-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
26-Feb$0.05000$0.05000-----$0.05000--
29-Jan$0.05000$0.05000-----$0.05000--
2009 +$0.11450$0.11450-----$0.11450--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.06450$0.06450-----$0.06450--

(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
25 Sep 2017 First Asset Opens the Market First Asset