First Asset MSCI Europe Low Risk Weighted ETF (CAD Hedged)

Morningstar

Investment Objectives

The Fund has been designed to replicate, to the extent possible, the performance of the MSCI Europe Risk Weighted Top 100 Index Hedged to CAD (the “Index”), net of expenses.

MSCI Europe Risk Weighted Top 100 Index is based on a traditional market capitalization weighted parent index, MSCI Europe Index, which includes developed Europe large and mid-capitalization stocks. Constructed using a simple, but effective and transparent process, each security of the parent index is reweighted so that stocks with lower risk are given higher index weights. The final constituents of the MSCI Europe Risk Weighted Top 100 Index are determined by ranking these security level risk weights and taking the top 100 subset securities. The Indexes seek to emphasize stocks with lower historical return variance and tend to have a bias towards lower size and lower risk stocks. Historically, the Index has exhibited lower realized volatility in comparison to its parent index.

The Index is hedged to the Canadian dollar by notionally “selling” each foreign currency forward at the one-month forward exchange rate at the end of each month. The investment strategy of the Fund is to invest in and hold the constituent securities of the Index. It is intended that, except as described in the prospectus, at all times at least 90% of the foreign currency denominated assets held by the Fund attributable to the Units will be hedged back to the Canadian dollar.

 1m3m6mYTD1y2y3ySI
RWE -0.05%1.40%11.06%9.56%9.26%4.90%8.56%9.85%
Benchmark0.62%0.94%8.95%8.58%16.32%4.43%7.45%8.34%
As at: 31 Jul 2017 - Benchmark: MSCI Europe NR Index (CAD hedged)

 

Sector Breakdown*

As at 31 July 2017
*As a percent of invested assets

 

Country Breakdown*

As at 31 July 2017
*As a percent of invested assets

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns.

The MSCI Europe Index captures large and mid-cap equities across 15 Developed Markets (DM) countries in Europe, covering approximately 85% of the free floatadjusted market capitalization across the DM equity universe. This index is used as a benchmark to help you understand the Index and/or Fund`s performance relative to the general performance of the broader European equity market.

Key Facts

Index Characteristics

Number of Securities100
Price/Earnings Ratio16.85
Price/Book Ratio2.31
As at 31 Jul, 2017

Index Risk Return Measures

Time period: 12/31/1998 to 07/31/2017IndexBenchmark
Return (% annualized)8.234.23
Std Dev10.5215.08
Beta0.591.00
Sharpe0.590.20
Sortino Ratio0.820.27
Max Drawdown-42.58-50.90
Up Capture74.06100.00
Down Capture48.66100.00
As at 31 Jul, 2017
Index: MSCI Europe Risk Weighted Top 100 Index (CAD hedged)
Benchmark: MSCI Europe NR Index (CAD Hedged)
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 1.91%

RWETotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.38940$1.79830$1.59110---$1.61732$0.01445$1.66279$0.15246
2017 +$0.24730$0.24730--------
29-Jun$0.12440$0.12440--------
30-Mar$0.12290$0.12290--------
2016 +$1.59040$0.50260$1.08780---$0.75989-$0.92317$0.09266
29-Dec$0.12060$0.12060----$0.05762-$0.07000$0.00702
29-Dec$1.08780-$1.08780---$0.51975-$0.63143$0.06338
29-Sep$0.12300$0.12300----$0.05877-$0.07140$0.00717
29-Jun$0.12880$0.12880----$0.06154-$0.07476$0.00750
30-Mar$0.13020$0.13020----$0.06221-$0.07558$0.00759
2015 +$0.46940$0.46940-----$0.01318$0.49882$0.04260
30-Dec$0.12440$0.12440-----$0.00349$0.13220$0.01129
29-Sep$0.11810$0.11810-----$0.00332$0.12550$0.01072
29-Jun$0.11900$0.11900-----$0.00334$0.12646$0.01080
30-Mar$0.10790$0.10790-----$0.00303$0.11466$0.00979
2014 +$1.08230$0.57900$0.50330---$0.85743$0.00127$0.24080$0.01720
30-Dec$0.28500$0.28500----$0.22579$0.00033$0.06341$0.00453
30-Dec$0.50330-$0.50330---$0.39873$0.00059$0.11198$0.00800
29-Sep$0.11720$0.11720----$0.09284$0.00014$0.02608$0.00186
27-Jun$0.17680$0.17680----$0.14007$0.00021$0.03933$0.00281

News

11 Apr 2016 First Asset Opens the Market First Asset
23 Oct 2015 CI Financial scoops up ETF provider First Asset Capital The Globe and Mail | Clare O'Hara
21 Jul 2015 Stripping away preconceived notions of fixed income Financial Post | John Pagliacci
30 Sep 2014 A look inside Canada's hottest ETFs Special to the Globe and Mail | Andrew Hallam
18 Jun 2014 First Asset ETFs June Distributions Marketwired
11 Feb 2014 First Asset launches "risk-weighted" equity ETFs Morningstar | Rudy Luukko

Documents

31 Dec, 2016 | Financial Statements

30 Jun, 2016 | Financial Statements

31 Dec, 2015 | Financial Statements

30 Jun, 2015 | Financial Statements

31 Dec, 2014 | Financial Statements

30 Jun, 2014 | Financial Statements

Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on them

To access the SEDAR filings of First Asset MSCI Europe Low Risk Weighted ETF (CAD Hedged) please click here