ducovest

CXF:CA:TSX-First Asset Canadian Convertible Bond ETF Common (CAD)

ETF | Canadian Corporate Fixed Income | Toronto Stock Exchange

Last Closing

CAD 9.52

Change

-0.03 (-0.31)%

Market Cap

CAD 9.29M

Volume

1.10K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The objectives of First Asset Canadian Convertible Bond ETF are to provide holders with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on a capitalization weighted basis in a portfolio (the "Convertible Portfolio") of Convertible Bonds of Canadian issuers. Inclusion of a Convertible Bond in the Convertible Portfolio is based upon the following criteria: (i) minimum market capitalization outstanding of $50 million; (ii) minimum trailing 30 day avg daily volume traded of $150 thousand; (iii) publicly traded on a stock exchange in Canada; (iv) not currently in default of payment of interest or principal; (v) at least 31 days to maturity , provided that, to the extent that an index is developed and published which establishes criteria and methodologies, which are, in the opinion of the Manager, similar to that of the First Asset ETF, the Manager may decide, in its discretion, to track that index and invest pursuant to such index's methodology.

Company Website : www.firstasset.com

Currency: CAD

Country : Canada

Inception Date: 06/06/2011

Primary Benchmark: ICE BofAML Can HY TR CAD

Primary Index: Barclays Global High Yield TR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.73 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Symbol Company Name Allocation
AEGXF Aecon Group Inc 4.83 %
INGXF Innergex Renewable Energy Inc. 4.72 %
INGXF Innergex Renewable Energy Inc. 3.90 %
Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-04-16 )

Largest Industry Peers for Canadian Corporate Fixed Income

Symbol Name Mer Price(Change) Market Cap
XCB:CA iShares Core Canadian Corporat.. 0.44 %

+0.08 (+0.42%)

 CAD 1.64B
ZCM:CA BMO Mid Corporate Bond Index E.. 0.33 %

+0.08 (+0.55%)

 CAD 0.48B
CBH:CA iShares 1-10Yr Laddered Corpor.. 0.28 %

+0.03 (+0.18%)

 CAD 0.36B
RQL:CA RBC Target 2024 Corporate Bond.. 0.29 %

-0.01 (-0.02%)

 CAD 0.36B
HAB:CA Horizons Active Corporate Bond.. 0.59 %

-0.04 (-0.41%)

 CAD 0.32B
VCB:CA Vanguard Canadian Corporate Bo.. 0.26 %

+0.07 (+0.30%)

 CAD 0.30B
FIG:CA CI Investment Grade Bond ETF 0.78 %

+0.02 (+0.22%)

 CAD 0.21B
XHB:CA iShares Canadian HYBrid Corpor.. 0.51 %

+0.08 (+0.43%)

 CAD 0.19B
DXV:CA Dynamic Active Investment Grad.. 0.35 %

N/A

 CAD 0.15B
ZCB:CA BMO Corporate Bond Index ETF 0.17 %

+0.09 (+0.20%)

 CAD 0.03B

ETFs Containing CXF:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Canadian Corporate Fixed Income) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 5.31% 100% F 60% D-
Dividend Return 1.33% 91% A- 60% D-
Total Return 6.64% 100% F 64% D
Trailing 12 Months  
Capital Gain -1.04% 8% B- 36% F
Dividend Return 4.57% 91% A- 70% C-
Total Return 3.53% 50% F 46% F
Trailing 5 Years  
Capital Gain 1.06% 100% F 45% F
Dividend Return 15.29% 92% A 75% C
Total Return 16.35% 100% F 47% F
Average Annual (5 Year Horizon)  
Capital Gain -0.18% 92% A 41% F
Dividend Return 2.62% 100% F 48% F
Total Return 2.81% 83% B 69% C-
Risk Return Profile  
Volatility (Standard Deviation) 8.17% 8% B- 75% C
Risk Adjusted Return 32.08% 92% A 59% D-
Market Capitalization 9.29M 17% F 26% F

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 risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

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.

What to not like:
High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.