ducovest

CIC:CA:TSX-First Asset CanBanc Income Class ETF (CAD)

ETF | Financial Services Equity | Toronto Stock Exchange

Last Closing

CAD 11.15

Change

-0.04 (-0.36)%

Market Cap

CAD 0.15B

Volume

0.03M

Analyst Target

N/A
Analyst Rating

N/A

ducovest Verdict

Verdict

About

The Fund's investment objectives are to provide Shareholders with (i) quarterly distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would be experienced by owning a portfolio of common shares of the following banks directly: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank. As part of its investment strategy, each month, the Fund sells call options on approximately, and not more than, 25% of the common shares of each bank held in the portfolio.

Company Website : www.firstassetfunds.com

Currency: CAD

Country : Canada

Inception Date: 18/08/2010

Primary Benchmark: S&P/TSX Equal Weight Div Banks

Primary Index: MSCI World/Financials GR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.84 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Symbol Company Name Allocation
STVN Stevanato Group SpA 16.75 %
Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-08-27 )

Largest Industry Peers for Financial Services Equity

Symbol Name Mer Price(Change) Market Cap
ZWB:CA BMO Covered Call Canadian Bank.. 0.71 %

+0.04 (+0.18%)

 CAD 3.03B
ZEB:CA BMO S&P/TSX Equal Weight Banks 0.60 %

+0.10 (+0.25%)

 CAD 2.68B
XFN:CA iShares S&P/TSX Capped Financi.. 0.61 %

+0.36 (+0.66%)

 CAD 1.49B
ZBK:CA BMO Equal Weight US Banks Inde.. 0.37 %

-0.07 (-0.21%)

 CAD 0.68B
FSF:CA CI Global Financial Sector ETF 1.11 %

N/A

 CAD 0.46B
ZWK:CA BMO Covered Call US Banks ETF 0.00 %

-0.06 (-0.28%)

 CAD 0.34B
ZUB:CA BMO Equal Weight US Banks Hedg.. 0.38 %

-0.12 (-0.42%)

 CAD 0.29B
RBNK:CA RBC Canadian Bank Yield Index .. 0.33 %

+0.07 (+0.27%)

 CAD 0.25B
BANK:CA Evolve Canadian Banks and Life.. 0.39 %

+0.04 (+0.52%)

 CAD 0.23B
CEW:CA iShares Equal Weight Banc & Li.. 0.60 %

+0.06 (+0.32%)

 CAD 0.21B

ETFs Containing CIC:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Financial Services Equity) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 3.91% 16% F 33% F
Dividend Return 3.81% 67% D+ 86% B+
Total Return 7.72% 15% F 40% F
Trailing 12 Months  
Capital Gain 6.70% 15% F 39% F
Dividend Return 7.39% 73% C 94% A
Total Return 14.09% 10% F 51% F
Trailing 5 Years  
Capital Gain 1.55% 25% F 39% F
Dividend Return 31.03% 100% F 93% A
Total Return 32.58% 45% F 52% F
Average Annual (5 Year Horizon)  
Capital Gain 2.37% 33% F 48% F
Dividend Return 8.93% 50% F 64% D
Total Return 6.56% 94% A 98% N/A
Risk Return Profile  
Volatility (Standard Deviation) 20.11% 100% F 44% F
Risk Adjusted Return 44.41% 61% D- 64% D
Market Capitalization 0.15B N/A N/A N/A N/A

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

What to not like:
Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.