FT Portfolios Canada and First Trust Advisors have filed a preliminary prospectus with the securities regulatory authorities in Canada for its first suite of Canadian domiciled exchange-traded funds.
The line-up of equity and fixed income ETFs include:
First Trust AlphaDEX Canadian Dividend Plus ETF seeks to provide unitholders with exposure to the performance of a portfolio of higher yielding Canadian dividend paying stocks, as well as providing unitholders with monthly distributions. In addition, First Trust AlphaDEX Canadian Dividend Plus ETF will, from time to time, write covered call options on a portion of the portfolio in order to produce additional income.
First Trust AlphaDEX US Dividend Plus ETF (CAD-Hedged) seeks to provide unitholders with exposure to the performance of a portfolio of higher yielding US dividend paying stocks, as well as providing unitholders with monthly distributions. In addition, First Trust AlphaDEX US Dividend Plus ETF (CAD-Hedged) will, from time to time, write covered call options on a portion of the portfolio in order to produce additional income.
First Trust AlphaDEX Emerging Market Dividend ETF (CAD-Hedged) seeks to provide unitholders with exposure to the performance of a portfolio of dividend paying equity securities domiciled in the emerging markets as well as providing unitholders with monthly distributions.
First Trust AlphaDEX Global Energy Income Plus ETF (CAD-Hedged), seeks to provide unitholders with exposure to higher yielding energy issuers that are involved in the crude oil and natural gas industries, as well as providing unitholders with monthly distributions. First Trust AlphaDEX Global Energy Income Plus ETF (CAD-Hedged) will primarily invest in common shares and ADRs of energy issuers listed on major US stock exchanges (NYSE, Nasdaq). In addition, First Trust AlphaDEX Global Energy Income Plus ETF (CAD-Hedged) will, from time to time, write covered call options on a portion of the portfolio in order to produce additional income.
First Trust Senior Loan ETF (CAD-Hedged) seeks to provide unitholders with a high level of current income by investing primarily in a diversified portfolio of senior floating rate loans and debt securities, with capital appreciation as a secondary objective. First Trust Senior Loan ETF (CAD-Hedged) will primarily invest in a portfolio of senior floating rate loans which are generally rated at or below BB+ by Standard & Poors, or Ba1 or less by Moody’s Investor Services, or a similar rating by an approved credit rating organisation.
