DXM:CA:TSX-First Asset Morningstar Canada Dividend Target 30 Index ETF

ETF | Others | Toronto Stock Exchange

Last Closing

CAD 9.83

Change

0.00 (0.00)%

Market Cap

CAD 0.03B

Volume

1.60K

Analyst Target

N/A
Analyst Rating

N/A

ducovest Verdict

Verdict

About

The First Asset Morningstar Canada Dividend Target 30 Index ETF (the "Fund") has been designed to replicate, to the extent possible, the performance of the Morningstar Canada Target Dividend IndexTM (the "Index") (formerly, Morningstar Canada Dividend Target 30 IndexTM), net of expenses. The Index reflects the performance of 30 dividend-paying, Canada-based equities, utilizing proprietary CPMS methodologies from Morningstar to screen for, among other things, above-average returns on equity and high cash flows relative to debt. To qualify for inclusion in the Index, the constituent securities must, among other things, trade on the TSX, be classified as a Canadian issuer, be one of the 100 stocks with the highest 12-month average trading volume and have an expected dividend yield greater than 1. The Index is comprised of the top 30 issuers that meet the screening requirements, and are equally weighted and rebalanced quarterly.

Inception Date: 06/02/2012

Primary Benchmark: Morningstar Canada Tgt Div TR CAD

Primary Index: S&P/TSX Composite TR

Gross Expense Ratio: NA%

Management Expense Ratio: 0.67 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2019-08-21 )

Largest Industry Peers for Others

Symbol Name Mer Price(Change) Market Cap
BRF-PE:CA Brookfield Renewable Power Pre.. 0.00 %

+0.15 (+0.70%)

N/A
BRF-PF:CA Brookfield Renewable Power Pre.. 0.00 %

N/A

N/A
GDG-UN:CA Global Dividend Growers Income.. 0.00 %

-0.10 (-0.76%)

N/A
PREF:CA Evolve Dividend Stability Pref.. 0.00 %

+0.03 (+0.12%)

N/A
RIB-UN:CA Ridgewood Canadian Investment .. 0.00 %

-0.65 (-3.90%)

N/A
TUT-UN:CA Top 20 U.S. Dividend Trust 0.00 %

-0.39 (-3.23%)

N/A
BASE-B:CA Evolve Global Materials & .. 0.00 %

-0.09 (-0.45%)

N/A
CAPS-B:CA Evolve Active US Core Equity F.. 0.00 %

+0.72 (+3.24%)

N/A
CGAA:CA CI First Asset Global Asset Al.. 0.00 %

-0.08 (-0.39%)

N/A
CGL-C:CA iShares Gold Bullion ETF (Non-.. 0.00 %

-0.13 (-0.76%)

N/A

ETFs Containing DXM:CA

CSY:CA CI First Asset Core Canad.. 0.00 % 1.31 %

N/A

CAD 0.02B
CED:CA CI First Asset Core Canad.. 0.00 % 1.00 %

-0.02 (0.00%)

CAD 4.33M

Market Performance

  Market Performance vs. Industry/Classification (Others) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 9.83% 61% D- 60% D-
Dividend Return 2.28% 78% C+ 67% D+
Total Return 12.11% 65% D 62% D-
Trailing 12 Months  
Capital Gain -5.93% 24% F 42% F
Dividend Return 4.44% 87% B+ 77% C+
Total Return -1.49% 32% F 46% F
Trailing 5 Years  
Capital Gain -18.36% 14% F 40% F
Dividend Return 9.92% 35% F 33% F
Total Return -8.43% 13% F 38% F
Average Annual (5 Year Horizon)  
Capital Gain -2.40% 10% F 25% F
Dividend Return 0.04% 14% F 25% F
Total Return 2.44% 70% C- 58% F
Risk Return Profile  
Volatility (Standard Deviation) 10.62% 21% F 61% D-
Risk Adjusted Return 0.42% 13% F 25% F
Market Capitalization 0.03B 26% F 15% 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:
Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

What to not like:
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.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

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.

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.