ducovest

FIG:CA:TSX-First Asset Investment Grade Bond ETF (CAD)

ETF | Canadian Corporate Fixed Income | Toronto Stock Exchange

Last Closing

CAD 9.13

Change

-0.04 (-0.44)%

Market Cap

CAD 0.10B

Volume

2.95K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The First Asset ETF'S investment objective are 1 to provide Unithoders with monthy cash distributions and 2 to maximize total returns for Unitholders consisting primarily of monthly distributions, while reducing risk and preserving capital. Under normal market conditions, the ETF will be primarily invested in investment grade bonds, and investment grade debt securities.

Company Website : www.firstasset.com

Currency: CAD

Country : Canada

Inception Date: 23/10/2009

Primary Benchmark: FTSE Canada All Corp Bond

Primary Index: Citi Canadian GBI CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.78 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Symbol Company Name Allocation
TRI Thomson Reuters Corp 1.03 %
SAPIF Saputo Inc 1.00 %
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
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
CXF:CA CI Canadian Convertible Bond E.. 0.73 %

+0.14 (+1.47%)

 CAD 0.05B
ZCB:CA BMO Corporate Bond Index ETF 0.17 %

+0.09 (+0.20%)

 CAD 0.03B

ETFs Containing FIG: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 -2.14% 17% F 21% F
Dividend Return 1.03% 64% D 46% F
Total Return -1.11% 25% F 23% F
Trailing 12 Months  
Capital Gain -0.98% 17% F 37% F
Dividend Return 3.82% 73% C 62% D
Total Return 2.84% 17% F 43% F
Trailing 5 Years  
Capital Gain -15.85% 8% B- 23% F
Dividend Return 13.50% 83% B 69% C-
Total Return -2.35% 17% F 29% F
Average Annual (5 Year Horizon)  
Capital Gain -4.53% 8% B- 17% F
Dividend Return -1.68% 17% F 24% F
Total Return 2.85% 92% A 69% C-
Risk Return Profile  
Volatility (Standard Deviation) 5.46% 58% F 86% B+
Risk Adjusted Return -30.72% 17% F 19% F
Market Capitalization 0.10B 50% F 49% 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.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value 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.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning 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.

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.

Positive cash flow

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

What to not like:
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.

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.

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.