SUMMA
ARY DOCUMENT (JULY 28, 201
16)
First Assset Investmentt Grade Bond E
ETF
Un
nits
Mannager: First Asseet Investment M
Management Inc. The followiing is a summarry of the princip
pal features of th
he units (the “U
Units”) of the Firs
rst Asset Investm
ment Grade Bon
nd ETF (the “Fun
nd”). You can fi
find more detailled information about the Fund d in the prospecttus. The prospectus is available e on First Asset’s s website at ww
ww.firstasset.com
m, or by contacti
ing First Asset a
at [email protected], or by ca
alling 416.642.12
289 or toll‐free 1
1.877.642.12899. FUND DETTAILS Ticker Sym
mbol: CUSIP: ISIN: Index Tickker: Exchange:: Currency: FIG 31866
6B103 CA31866B1031 N/A TSX CAD Inception Datte:
RSP Eligibilityy:
DRIP Eligibility:
Distributions::
Managementt Expense Ratioo:
Portfolio Mannager:
Septemb
ber 29, 2009
RRSP, RR
RIF, RDSP, DPSP
P, RESP, TFSA
DRIP, PAC
CC, SWP Monthly,, if any 0.98% 1 Asset Managem
ment Inc.
Marret A
The Fund w
was formerly kno
own as “Marret Investment Grade Bond Fund” and was origina lly established aas a closed‐end investment trustt under the lawss of Ontario on September 29, 2009. On or about August 19, 2
2016, Marret Invvestment Grade Bond Fund will convert from a closed‐end fund
d into an exchang
ge‐
d in accordance with amendmen
nts to its Declaraation of Trust, ass approved by Unnitholders at a special meeting (the “Conversion
n”).
traded fund
INVESTMEENT OBJECTIVES The Fund’ss investment objectives are: (i) to
o provide unitho
olders with montthly cash distribuutions; and (ii) too maximize total returns for unitholders consisting primarily o
of monthly distributions, while reducing risk an
nd preserving capital. Under noormal market cconditions, the FFund will be primarily invested in investmentt grade bonds an
nd investment grrade debt securities. INVESTMEENTS OF THE FU
UND The charts b
below are intended to give you a ssnapshot of the Fund's investmentts on July 22, 20116, prior to the Coonversion. The Fu
und's investmentts will change.
Top 10 Positions 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. US Trreasury N/B, 2.500%, 05/15/46 dian Pacific RR Co., 6.450%, 11/17/3
39 Canad
First N
National Financial, 4.010%, 04/09/20
0 Viterrra Inc., 5.950%, 08
8/01/20 Enerccare Solutions Inc.,, 4.600%, 02/03/20
0 Rogerrs Communications Inc., 6.560%, 03//22/41 Goldm
man Sachs Group IInc., 5.200%, 04/19
9/22 IGM FFinancial Inc. 6.000
0%, 12/10/40 Bell C
Canada, 6.100%, 03
3/16/35 09/39 Shaw Communications Inc., 6.750%, 11/0
Invesstment Mix
% of NAV
N
7.6% 7
6.0% 6
5.6% 5
5.4% 5
4.7% 4
4.5% 4
4.4% 4
4.3% 4
4.3% 4
4.1% 4
Total % of TTop 10 Investments Industry
% of NA
AV
Financial Servicces Transportationn Real Estate Energy
Banking
Media ‐ Cable
Telecom ‐ Wireeline Integrated & Services Building, Buildiing Materials & Co
onstruction
Retail
Metals/Miningg Excluding Steel 13.8
8% 12.9
9% 12.7
7% 10.5
5%
8.5
5%
8.1
1%
7.9
9%
7.0
0%
6.9
9%
5.4
4%
Total
93.7
7%
RISK All investm
ments involve riskk. When you inv
vest in the Fund the value of you
ur investment ca
an go down as w
well as up. For a a description of t
the specific risks s of this fund, s
ee the Fund’s prrospectus. FUND EXP
PENSES You don’t p
pay these expensses directly. The
ey affect you beccause they reducce the Fund's retturns. Annual Rate
(as % of Fund’s Value)
Management Expense Ratio (MER) 0.98%1,2
This is the total of the Fund’s management fe
ee and operatingg expenses
Trading Exp
pense Ratio (TER) 0.00%1
These are the Fund’s tradingg costs. Fund Expen
nses 0.98%1,2
The amoun
nt of Fund Expen
nses is the total aamount arrived aat by adding the MER and the TEER, and is not a sseparate expense charged
to the Fund
d. 1
As at December 31, 2015, prior to the Conversion
2
Following the
e Conversion, the mannagement fee applicabble to the Units will be increased to 0.65% o
of NAV from 0.50% of N
NAV TRAILING COMMISSIONSS There are n
no trailing comm
missions paid on Units of the Fund. OTHER FEES mption Fee ‐ The
e Manager may ccharge a discretionary redemption fee of up to 0.25% of the exxchange or redeemption proceed
ds to offset certain ⎼ Redem
transaaction costs associated with the e
exchange or redemption of Units.
may pay brokeraage fees to your dealer when you
u purchase and ssell Units of the Fund. ⎼ Brokerrage Fees ‐ You m
STATEMEN
NT OF RIGHTS Under secu
urities law in som
me provinces and
d territories, you
u have: (a) the right to cancel yoour purchase witthin 48 hours aftter you receive cconfirmation of the t
purchase, o
or (b) other rightss and remedies iff this document o
or the Fund’s pro
ospectus containns a misrepresenttation. You mustt act within the ttime limit set by tthe securities laaw in your province or territory. Fo
or more informattion, see the secu
urities law of youur province or terrritory or ask a law
wyer.