The Fund seeks to provide income for a limited period of time ending on its termination date by replicating, to the extent possible, the investment results that correspond generally to the performance, before fees and expenses, of the FTSE TMX Canada 2021 Maturity Corporate Bond Index*. The FTSE TMX Canada 2021 Maturity Corporate Bond Index is designed to represent the performance of a held-to-maturity portfolio consisting of, primarily, Canadian dollar-denominated investment grade corporate bonds with effective maturities in 2021.
|XCB:CA||iShares Canadian Corporate Bon..||0.44 %||
|CACB:CA||CIBC Active Investment Grade C..||0.40 %||
|ZCM:CA||BMO Mid Corporate Bond Index E..||0.34 %||
|FIG:CA||CI Investment Grade Bond ETF||0.76 %||
|HAB:CA||Horizons Active Corporate Bond..||0.59 %||
|XHB:CA||iShares Canadian HYBrid Corpor..||0.50 %||
|CBH:CA||iShares 1-10 Year Laddered Cor..||0.28 %||
|VCB:CA||Vanguard Canadian Corporate Bo..||0.19 %||
|FLCI:CA||Franklin Liberty Canadian Inve..||0.39 %||
|RQJ:CA||RBC Target 2022 Corporate Bond..||0.27 %||
|Market Performance vs.
Industry/Classification (Canadian Corporate Fixed Income)
|Market Performance vs. Exchange|
|Value||Sector Median||Percentile Rank||Grade||Market Median||Percentile Rank||Grade|
|Trailing 12 Months|
|Trailing 5 Years|
|Average Annual (5 Year Horizon)|
|Risk Return Profile|
|Volatility (Standard Deviation)||1.58%||100%||A+||98%||A+|
|Risk Adjusted Return||69.62%||29%||F||80%||B-|
|Letter Grade||Percentage||Letter Grade||Percentage||Letter Grade||Percentage|
|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.
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.
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.
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.
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.