First Asset U.S. & Canada Lifeco Income ETF

 Fund Profile    Prospectus    

Investment Objectives

First Asset U.S. & Canada Lifeco Income ETF (the "Fund") investment objectives are to provide unitholders with (i) quarterly cash distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would be experienced by owning a portfolio of publicly-traded common equity securities of the ten largest U.S. and Canadian life insurance companies by market capitalization directly.

The Manager believes that the portfolio securities of the Fund are attractive long term investments, but that they may exhibit significant price volatility for the foreseeable future. Accordingly, the Manager believes that an investment strategy which incorporates selling call options to capitalize on this volatility while retaining all the upside on a significant portion of the Fund's portfolio is an attractive risk adjusted way to own a portfolio of such securities.

 1m3m6mYTD1y2y3y4y5ySI
FLI 4.23%-2.87%-2.84%-10.54%-11.83%0.66%4.27%6.60%7.29%9.39%
Benchmark2.02%-4.63%2.52%4.03%5.08%13.36%11.36%9.06%10.70%12.10%
As at: 30 Nov 2018 - Benchmark: S&P 500 Index (Total Return) (CAD Hedged)

 

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 was originally launched as a TSX-listed closed-end fund on August 22, 2013, and automatically converted into a TSX-listed exchange traded fund on September 3, 2014, with no change to its investment objectives or management fees. Performance shown is since inception of the closed-end fund.


The S&P 500 Index (CAD Hedged) tracks 500 large-cap U.S. stocks representing all major industries. The Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of the broader U.S. equity market on a currency hedged basis.

Key Facts

Fund Characteristics

Gross Option Premium*4.81%
Current Dividend Yield13.31%
Price/Earnings Ratio8.56
Price/Book Ratio1.14
As at 30 Nov, 2018
* Gross Option Premiums represent those received on 16 Nov, 2018
1 The Current Dividend Yield represents the gross yield on the ETF`s underlying portfolio of securities. It is not the yield or the distribution investors will receive by virtue of an investment in the ETF.

Fund Statistics

P/S Ratio (TTM) (Long)0.93
ROA % (TTM) (Long)1.80
ROE % (TTM) (Long)14.82
As at 30 Nov, 2018
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 8.72% (as at 14 Dec 2018)

FLITotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.89460$3.44460$0.45000$0.01033--$2.38581$0.77036--
2018 +$0.72810$0.72810--------
21-Dec$0.22110$0.22110--------
24-Sep$0.15890$0.15890--------
25-Jun$0.18400$0.18400--------
23-Mar$0.16410$0.16410--------
2017 +$1.12600$0.67600$0.45000$0.01033--$1.10848$0.00719--
28-Dec$0.45000-$0.45000$0.00413--$0.44300$0.00287--
28-Dec$0.16900$0.16900-$0.00155--$0.16637$0.00108--
28-Sep$0.16900$0.16900-$0.00155--$0.16637$0.00108--
29-Jun$0.16900$0.16900-$0.00155--$0.16637$0.00108--
30-Mar$0.16900$0.16900-$0.00155--$0.16637$0.00108--
2016 +$0.71960$0.71960----$0.69284$0.02676--
29-Dec$0.19260$0.19260----$0.18544$0.00716--
29-Sep$0.16570$0.16570----$0.15954$0.00616--
29-Jun$0.17200$0.17200----$0.16560$0.00640--
30-Mar$0.18930$0.18930----$0.18226$0.00704--
2015 +$0.57820$0.57820----$0.47123$0.10697--
30-Dec$0.18640$0.18640----$0.15192$0.03448--
29-Sep$0.15960$0.15960----$0.13007$0.02953--
29-Jun$0.12010$0.12010----$0.09788$0.02222--
30-Mar$0.11210$0.11210----$0.09136$0.02074--
2014 +$0.50770$0.50770----$0.11326$0.39444--
30-Dec$0.11420$0.11420----$0.02548$0.08872--
29-Sep$0.12000$0.12000----$0.02677$0.09323--
30-Jun$0.11100$0.11100----$0.02476$0.08624--
31-Mar$0.16250$0.16250----$0.03625$0.12625--
2013 +$0.23500$0.23500-----$0.23500--
31-Dec$0.23500$0.23500-----$0.23500--

(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.

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