First Asset Utility Plus Fund

view Class F

Fund Overview

The Fund invests primarily in equity securities of Canadian issuers which have a market capitalization greater than $200 million. The securities will include Canadian and United States' corporations, limited partnerships and trusts. The portfolio will be focused on issuers in the utilities sector (electrical, water, gas), energy infrastructure sector (including renewable energy and pipelines), the telecom sector and also on stable businesses with a strong history of growing their earnings and/or dividends. The Fund anticipates that no more than 25% will be invested in securities of foreign issuers.

Investor suitability
For those who:

  • Are seeking periodic cash distributions and modest growth in the underlying portfolio;
  • Are willing to accept more risk than corporate bonds, but not the risk of higher volatility Canadian equities;
  • Have a long-term investment horizon;
  • Are seeking modest capital appreciation to supplement their current income; and
  • Are prepared for a low to medium level of investment risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
Class A 5.96%7.03%-5.29%-1.17%8.85%12.32%7.72%6.80%7.08%8.35%
Benchmark6.07%6.02%-3.17%4.31%15.06%18.21%10.74%9.27%11.06%7.62%
As at: 31 Jul 2020 - Benchmark: S&P/TSX Capped Utilities Index (Total Return)
 1m3m6mYTD1y2y3y4y5ySI
Class F 6.06%7.32%-4.75%-0.52%10.07%13.57%8.92%7.99%8.26%9.51%
Benchmark6.07%6.02%-3.17%4.31%15.06%18.21%10.74%9.27%11.06%7.62%
As at: 31 Jul 2020 - Benchmark: S&P/TSX Capped Utilities Index (Total Return)

 

Sector Breakdown

As at 31 July 2020

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.


S&P/TSX Capped Utilities Index is a capitalization-weighted index designed to measure market activity of the utility sector issuers listed on the Toronto Stock Exchange. The Index is used as a benchmark against the Fund`s performance since the Fund invests in a portfolio of securities of certain issuers that comprise the Index.

Top holdings

Sector% Weighting
Ci First Asset Active UtilInvestment Fund32.8
Algonquin Power & Util CorpUtilities7.3
Boralex IncUtilities6.5
Northland Power IncUtilities4.4
Emera IncUtilities4.3
Canadian Utilities LtdUtilities3.8
Hydro One LimitedUtilities3.5
Transalta Renewables IncUtilities3.5
Innergex Renewable Energy IncUtilities3.5
Enbridge IncEnergy3.4
As at 31 July 2020

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 4.29% (as at 13 Aug 2020)

Class ATotal
SI$6.90563
2020 +$0.25000
29-Jun$0.12500
30-Mar$0.12500
2019 +$0.50000
30-Dec$0.12500
27-Sep$0.12500
27-Jun$0.12500
28-Mar$0.12500
2018 +$1.45586
28-Dec$1.08086
27-Sep$0.12500
28-Jun$0.12500
28-Mar$0.12500
2017 +$0.54977
28-Dec$0.17477
28-Sep$0.12500
29-Jun$0.12500
30-Mar$0.12500
2016 +$0.50000
29-Dec$0.12500
29-Sep$0.12500
29-Jun$0.12500
30-Mar$0.12500
2015 +$0.68500
30-Dec$0.31000
29-Sep$0.12500
29-Jun$0.12500
30-Mar$0.12500
2014 +$1.34500
30-Dec$0.97000
29-Sep$0.12500
27-Jun$0.12500
28-Mar$0.12500
2013 +$0.50000
30-Dec$0.12500
27-Sep$0.12500
27-Jun$0.12500
27-Mar$0.12500
2012 +$0.62000
28-Dec$0.24500
27-Sep$0.12500
28-Jun$0.12500
29-Mar$0.12500
2011 +$0.50000
29-Dec$0.12500
29-Sep$0.12500
29-Jun$0.12500
30-Mar$0.12500
Distribution details (.csv)

Twelve month trailing distribution yield : 3.77% (as at 13 Aug 2020)

Class FTotal
SI$7.05195
2020 +$0.25000
29-Jun$0.12500
30-Mar$0.12500
2019 +$0.50000
30-Dec$0.12500
27-Sep$0.12500
27-Jun$0.12500
28-Mar$0.12500
2018 +$1.56409
28-Dec$1.18909
27-Sep$0.12500
28-Jun$0.12500
28-Mar$0.12500
2017 +$0.58786
28-Dec$0.21286
28-Sep$0.12500
29-Jun$0.12500
30-Mar$0.12500
2016 +$0.50000
29-Dec$0.12500
29-Sep$0.12500
29-Jun$0.12500
30-Mar$0.12500
2015 +$0.68500
30-Dec$0.31000
29-Sep$0.12500
29-Jun$0.12500
30-Mar$0.12500
2014 +$1.34500
30-Dec$0.97000
29-Sep$0.12500
27-Jun$0.12500
28-Mar$0.12500
2013 +$0.50000
30-Dec$0.12500
27-Sep$0.12500
27-Jun$0.12500
27-Mar$0.12500
2012 +$0.62000
28-Dec$0.24500
27-Sep$0.12500
28-Jun$0.12500
29-Mar$0.12500
2011 +$0.50000
29-Dec$0.12500
29-Sep$0.12500
29-Jun$0.12500
30-Mar$0.12500

News

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
23 Jan 2015 Welcome to The Globe and Mail ETF Buyer's Guide - 2015 edition The Globe and Mail | Rob Carrick
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
31 Oct 2013 Momentum's momentum ... and Momentum in value! ETF Insight | Yves Rebetez
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
17 Jun 2013 20 stocks that satisfy hunger for dividend yield, taste for growth The Globe and Mail | Ian McGugan
24 Apr 2013 When following the herd pays off Financial Post | Kim Inglis
19 Mar 2013 First Asset ETFs Deliver Top Results Marketwired
1 Dec 2012 Fixed-income ETFs hit the sweet spot Investment Executive | Dwarka Lakhan
30 Nov 2012 5 myths about exchange traded funds Financial Post | David Pett
14 Mar 2012 Don't take your ETF's yield at face value Morningstar | John Gabriel
12 Mar 2012 XTF Insight: Convertible bond exchange-traded funds show potential in diversified portfolios Financial Post | Postmedia for XTF | Barry Gordon
7 Mar 2012 Are ETFs bought, rather than sold? Financial Post | Jonathan Chevreau
5 Mar 2012 XTF Insight: Hedging your bets with ETFs Financial Post | Postmedia for XTF
23 Feb 2012 Sizing up the new kid on the block Morningstar | John Gabriel
17 Feb 2012 More room to grow for Canadian ETFs Financial Post | David Pett
16 Feb 2012 Inside Morningstar's New Strategy Indexes Canadian Couch Potato | Dan Bortolotti
13 Feb 2012 How ETFs Have Evolved ETF TRENDS | John Spence
13 Feb 2012 XTF Insight: The evolution of ETFs Financial Post | Postmedia for XTF | Barry Gordon
8 Feb 2012 ETFs spurring shift to fee-based advice The Globe and Mail | John Heinzl
6 Feb 2012 Two new 'intelligent index' funds to begin trading Financial Post | Jonathan Chevreau
6 Feb 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
31 Jan 2012 XTF to launch seven ETFs that track Morningstar indices Investment Executive | Megan Harman
31 Jan 2012 Seven new ETFs from XTF Capital will be based on Morningstar indexes Toronto Star | Morningstar | Rudy Luukko
30 Jan 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
20 Jan 2012 ETF firms take aim at advisors Investment Executive | Megan Harman

Documents

National Instrument 81-106 Investment Fund Continuous Disclosure requires disclosure of the proxy voting record on an annual basis for the period ending on June 30 of each year. The proxy voting record must be posted on the website no later than August 31 of each year.

Canadian securities law provides that the manager of an investment funds (in this case, CI Investments Inc. ("CI")), acting on behalf of the investment fund, has the right and obligation to vote proxies relating to the investment fund's portfolio securities. As a practical matter, CI delegates this function to the applicable portfolio manager or sub-adviser, as part of the portfolio manager's or sub-adviser's general management of the investment fund assets, subject to oversight by CI. CI generally requires that applicable portfolio managers or sub-advisers vote all proxies in the best interest of CI's funds and their securityholders, as determined solely by the portfolio manager or sub-adviser, and subject to CI's proxy voting policy, the guidelines applicable to the individual portfolio manager or sub-adviser, and applicable legislation. Portfolio managers and sub-advisers are generally expected to vote on any matter for which the investment fund receives proxy materials for a meeting of securityholders of an issuer.

Proxy voting record for the most recent year:

30 Jun, 2019 - Proxy Voting Record

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 Utility Plus Fund please click here