(As of 12/31/2018)

First Asset Active Credit ETF (FAO)

(High Yield Fixed Income)






FundGrade A+® Rating recipient
For more information about
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Inception Return
(1/20/2015)
2.88 %
YTD Return -1.99 %
NAVPS
(1/18/2019)
$9.37
Change $0.02 / 0.19 %
Growth of $10,000 (As of December 31, 2018)
MER 1.18 %
Assets ($mil) $22.22
Rank (1Yr) -
Std Dev (3Yr) 4.06 %
Volatility Ranking (3Yr) 2/10
RRSP Eligibility Yes
Load No Load
Max Front End -
Max Back End -
Sales Status Open
 
Objective
The First Asset ETF's investment objective is to maximize long term risk adjusted total returns, delivered through cash distributions and long term capital appreciation, in a manner consistent with preservation of capital and prudent risk management by actively investing primarily in Credit Securities of North American issuers.
Management Co.
First Asset Investment Management Inc
Managers
Onex Credit Partners, LLC - Management Team
 
Asset Allocation
(As of November 30, 2018)
Sector Allocation
(As of November 30, 2018)
Geographic Allocation
(As of November 30, 2018)
Top 10 Holdings
NameAssetSectorGeographicPercent
iShares iBoxx $ High Yield Corp Bond ETF (HYG)Foreign BondsExchange Traded FundUnited States2.89%
SPDR Barclays Capital High Yield Bond ETF Foreign BondsExchange Traded FundUnited States2.85%
CITGO Holding Inc 10.75% 15-Feb-2020Foreign BondsFixed IncomeUnited States2.78%
Select Medical Corp 6.38% 27-Jan-2019Cash and EquivalentsCash and Cash EquivalentUnited States2.75%
OCI NV 6.63% 15-Apr-2020Foreign BondsFixed IncomeUnited States2.71%
Infor US Inc 6.50% 12-Jan-2019Cash and EquivalentsCash and Cash EquivalentUnited States2.64%
YRC Worldwide Inc 26-Jul-2022Foreign BondsFixed IncomeUnited States2.09%
MGM Resorts International 5.75% 15-Mar-2025Foreign BondsFixed IncomeUnited States1.87%
Prospect Medical Holdings Inc 22-Feb-2024Foreign BondsFixed IncomeUnited States1.85%
IDERA Inc 28-Jun-2024Foreign BondsFixed IncomeUnited States1.84%

Performance Data (As of December 31, 2018)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -2.31 -3.87 -2.09 -1.99 -1.99 5.57 -    -   
Benchmark 1.62 1.62 1.89 5.36 5.36 6.32 8.51 12.19
Quartile Ranking - - - - - - - -

Calendar Return (%) 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund -1.99 5.44 13.86 -      -      -      -      -      -      -     
Benchmark 5.36 2.96 10.80 14.93 8.91 15.20 16.66 5.18 7.95 37.56
Quartile Ranking - - - - - - - - - -

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