ducovest

MXF:CA:TSX-First Asset Can-Materials Covered Call ETF Common (CAD)

ETF | Natural Resources Equity | Toronto Stock Exchange

Last Closing

CAD 12.06

Change

0.00 (0.00)%

Market Cap

CAD 5.94M

Volume

139.00

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The investment objective of the Can-Materials ETF is to provide holders, through an actively managed portfolio, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of securities of the 25 largest issuers measured by market capitalization chosen from the S&P/TSX Capped Materials Index and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly.

Company Website : www.firstasset.com

Currency: CAD

Country : Canada

Inception Date: 03/06/2011

Primary Benchmark: N/A

Primary Index: Morningstar Canadian Resources TR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.74 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Symbol Company Name Allocation
DM Desktop Metal Inc 4.19 %
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 Natural Resources Equity

Symbol Name Mer Price(Change) Market Cap
XBM:CA iShares S&P/TSX Global Base Me.. 0.62 %

+0.23 (+1.02%)

 CAD 0.26B
XMA:CA iShares S&P/TSX Capped Materia.. 0.61 %

+0.09 (+0.45%)

 CAD 0.15B
HXE:CA Horizons S&P TSX Capped Energy 0.28 %

+0.16 (+0.41%)

 CAD 0.11B
ZMT:CA BMO S&P/TSX Equal Weight Globa.. 0.61 %

+0.01 (+0.01%)

 CAD 0.04B

ETFs Containing MXF:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Natural Resources Equity) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return 1.27% 100% F 57% F
Total Return 1.27% 20% F 36% F
Trailing 12 Months  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return 2.86% 100% F 49% F
Total Return 2.86% 40% F 43% F
Trailing 5 Years  
Capital Gain 3.08% 20% F 46% F
Dividend Return 5.07% 25% F 21% F
Total Return 8.15% 20% F 41% F
Average Annual (5 Year Horizon)  
Capital Gain 0.30% 20% F 44% F
Dividend Return 0.54% 20% F 37% F
Total Return 0.25% 25% F 22% F
Risk Return Profile  
Volatility (Standard Deviation) 2.36% 100% F 97% N/A
Risk Adjusted Return 22.97% 20% F 52% F
Market Capitalization 5.94M 20% 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.

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.

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.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

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.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

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.