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

ETF | Financial Services Equity | Toronto Stock Exchange

Last Closing

CAD 11.765

Change

+0.07 (+0.56)%

Market Cap

CAD 0.15B

Volume

8.49K

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.

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: 2024-09-13 )

Largest Industry Peers for Financial Services Equity

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

+0.03 (+0.16%)

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

+0.08 (+0.20%)

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

+0.04 (+0.07%)

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

+0.26 (+0.82%)

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

+0.78 (+2.88%)

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

+0.15 (+0.69%)

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

+0.21 (+0.72%)

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

+0.10 (+0.38%)

CAD 0.26B
BANK:CA Evolve Canadian Banks and Life.. 0.39 %

+0.02 (+0.26%)

CAD 0.24B
CEW:CA iShares Equal Weight Banc & Li.. 0.60 %

+0.04 (+0.21%)

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 9.65% 35% F 49% F
Dividend Return 3.81% 67% D+ 83% B
Total Return 13.45% 30% F 57% F
Trailing 12 Months  
Capital Gain 12.05% 20% F 49% F
Dividend Return 7.35% 67% D+ 94% A
Total Return 19.40% 15% F 63% D
Trailing 5 Years  
Capital Gain 2.57% 35% F 40% F
Dividend Return 29.70% 100% F 92% A
Total Return 32.27% 60% D- 54% F
Average Annual (5 Year Horizon)  
Capital Gain 2.68% 25% F 49% F
Dividend Return 9.31% 45% F 64% D
Total Return 6.63% 94% A 98% N/A
Risk Return Profile  
Volatility (Standard Deviation) 20.01% 100% F 44% F
Risk Adjusted Return 46.54% 60% D- 65% 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.