Overview
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Asset ClassFixed Income
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CategoryCanadian Short-Term Fixed Income
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Risk RatingLow
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Number of Securities10
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Yield to Maturity4.2%
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Current Yield1.3%
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Average Duration0.7 Years
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Average Credit QualityAA+
Objectives
The ETF’s objective is to provide total returns consisting principally of interest income by investing primarily in liquid short term fixed income and floating rate debt securities of Canadian and foreign issuers.
Investment Focus
The ETF seeks to provide total returns consisting principally of interest income by investing primarily in liquid short term fixed income and floating rate debt securities of Canadian and foreign issuers.
ETF Facts
December 31, 2022Inception Date | September 1, 2022 |
Currency | CAD |
ETF AUM | $2.5 Million |
NAVPU | $10.05 |
MER | N/A |
Liquidity | Daily |
RRSP Eligible | Yes |
Management Fee | 0.25% |
Closing Market Price on TSX | $10.09 |
Portfolio Characteristics
Number of Securities | 10 |
Number of Issuers | 7 |
Average Term to Maturity (Years) | 0.9 |
Average Duration (Years) | 0.7 |
Average Coupon (%) | 1.3% |
Yield to Maturity (%) | 4.2% |
Current Yield (%) | 1.3% |
Average Credit Quality | AA+ |
Credit Quality Breakdown
AA & Higher | 93.8% |
A | 6.2% |
Portfolio
Top 10 Holdings
Security | % of Fund | Rating |
---|---|---|
GOVERNMENT OF CANADA 0.250% 01-FEB-2023 SER L773 | 37.0% | AAA |
CANADA HOUSING TRUST NO 1 0.950% 15-JUN-2025 | 11.9% | AAA |
CANADA HOUSING TRUST NO 1 VAR RT 15-SEP-2024 SER 89 | 11.9% | AAA |
GOVERNMENT OF CANADA 0.250% 01-MAY-2023 SER L856 | 7.7% | AAA |
CANADIAN GOVERNMENT BOND 0.250% 01-APR-2024 SER L690 | 7.2% | AAA |
HYDRO ONE INC 0.710% 01/16/2023 DD 10/09/20 | 6.1% | A- |
APPLE INC 2.513% 08/19/2024 DD 08/18/17 | 6.0% | AA+ |
TORONTO DOMINION BANK 1.909% 18-JUL-2023 DEP NTS | 3.6% | AA- |
ROYAL BANK OF CANADA 2.333% 05-DEC-2023 SR DEP NT | 3.6% | AA |
METROPOLITAN LIFE GLOBAL FDG 3.257% 01-APR-2025 RESTRICTED | 2.6% | AA- |
Total | 97.6% |
Geographic Breakdown
Canada | 91.3% |
USA | 8.7% |
Performance
Performance data is not available as the ETF has not been offered under a prospectus for 12 consecutive months.
Distributions
Distributions
Distribution Frequency | Monthly |
Most Recent Distribution per Unit | $0.0000 |
12-Month Trailing Distribution Yield | 0.3% |
Next Record Date | January 31, 2023 |
Next Distribution Date | February 10, 2023 |
Monthly Distributions
Record Date | Payment Date | Distribution Rate/Unit |
---|---|---|
September 29, 2022 | October 11, 2022 | $0.01590 |
October 31, 2022 | November 10, 2022 | $0.01740 |
Distributions ($)/Unit2 | YTD* |
---|---|
Total Distributions | 0.0333 |
Interest | - |
Dividends | - |
Capital Gains | - |
Withholding Tax | - |
Return of Capital | - |