Canadian ETF knowledgebase
The fund has been designed to replicate, to the extent possible, the performance of the Morningstar Canada Dividend Target 30 Index, net of expenses.
The investment strategy of the First Asset Morningstar Canada Dividend Target 30 Index ETF is to invest in and hold constituent securities of the Morningstar Canada Dividend Target 30 Index.
The First Asset Morningstar Canada Dividend Target 30 Index ETF invests in equity securities of the largest and most liquid Canadian public issuers based upon proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian dividend paying companies.
The Morningstar Canada Dividend Target 30 Index reflects the performance of 30 dividend paying Canada based equities.
The securities are selected from a universe comprised of securities trading on the TSX and are classified as Canadian securities by Morningstar.
It is a Fundamental Index, screening stocks using Fundamental factors including:
The Index is comprised of the top 30 issuers that meet the screening requirements, and are equally weighted and rebalanced quarterly.
|Category (main)||Canadian Equity Income - Fundamental|
|Underlying Index||Morningstar Canada Dividend Target 30 Index|
|ETF Structure||Passive type. Aims to track Fundamental index|
|Sub-Asset Class||Equity Income|
|ETF Home Page||Available here|
|Inception Date||Feb 6, 2012|
|Significant Currency Exposure||No|
|Currency Hedging||Not applicable|
|Management Expense Ratio (MER)||Unknown *|
* Not available yet
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Unknown|
|PACC Plan available **||Unknown|
|SWP available **||Unknown|
* Always check eligibility with your plan operator as plans and accounts can differ
** Not all brokers can facilitate these plans. Check with your broker.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
Canada ETFs's analysis of this ETF will be available soon.