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 %
|CU:CA||Canadian Utilities Limited||3.54 %|
|NPI:CA||Northland Power Inc||3.50 %|
|CIX:CA||CI Financial Corp||3.48 %|
|NA:CA||National Bank of Canada||3.41 %|
|IGM:CA||IGM Financial Inc||3.40 %|
|ALA:CA||AltaGas Ltd||3.39 %|
|RY:CA||Royal Bank of Canada||3.39 %|
|GEI:CA||Gibson Energy Inc||3.38 %|
|GWO:CA||Great-West Lifeco Inc||3.38 %|
|BAM-PFC:CA||Brookfield Asset Management In..||0.00 %||
|BAM-PFG:CA||Brookfield Asset Management In..||0.00 %||
|BAM-PFA:CA||Brookfield Asset Management In..||0.00 %||
|BAM-PFB:CA||Brookfield Asset Management In..||0.00 %||
|PEGI:CA||Pattern Energy Group Inc||0.00 %||
|KML:CA||Kinder Morgan Canada Limited||0.00 %||
|NUBF:CA||NBI Unconstrained Fixed Income..||0.00 %||
|ZYME:CA||Zymeworks Inc||0.00 %||
|NHYB:CA||NBI High Yield Bond ETF||0.00 %||
|ZCPB:CA||BMO Core Plus Bond ETF||0.56 %||
|Market Performance vs. Industry/Classification (Others)||Market Performance vs. Exchange (Toronto Stock Exchange)|
|Value||Sector Median||Percentile Rank||Grade||Market Median||Percentile Rank||Grade|
|Trailing 12 Months|
|Trailing 5 Years|
|Average Annual (5 Year Horizon)|
|Risk Return Profile|
|Volatility (Standard Deviation)||10.62%||21%||F||61%||D-|
|Risk Adjusted Return||0.42%||13%||F||25%||F|
|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.
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.
The company had positive total cash flow in the most recent four quarters.
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.
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.
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.
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.
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