First Asset MSCI Europe Low Risk Weighted ETF (Unhedged)

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 (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 investment strategy of the Fund is to invest in and hold the constituent securities of the Index. Foreign currency assets held by the Fund attributable to the Units will not be hedged back to the Canadian dollar.

 1m3m6mYTD1y2y3ySI
RWE.B 4.11%6.12%0.96%6.12%3.05%3.74%7.11%8.95%
Benchmark4.87%7.01%8.80%7.01%13.91%3.47%5.50%7.47%
As at: 31 Mar 2017 - Benchmark: MSCI Europe GR Index (Unhedged)
 1m3m6mYTD1y2y3ySI
RWE.D 4.04%5.90%0.53%5.90%2.17%2.87%6.22%8.04%
Benchmark4.87%7.01%8.80%7.01%13.91%3.47%5.50%7.47%
As at: 31 Mar 2017 - Benchmark: MSCI Europe GR Index (Unhedged)

 

Sector Breakdown*

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

 

Country Breakdown*

As at 31 March 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 Ratio17.07
Price/Book Ratio2.32
As at 31 Mar, 2017

Index Risk Return Measures

Time period: 12/31/1998 to 03/31/2017IndexBenchmark
Return (% annualized)7.033.28
Std Dev11.6414.72
Beta0.651.00
Sharpe0.440.13
Sortino Ratio0.670.19
Max Drawdown-39.08-48.87
Up Capture78.28100.00
Down Capture56.19100.00
As at 31 Mar, 2017
Index: MSCI Europe Risk Weighted Top 100 Index (Unhedged)
Benchmark: MSCI Europe GR Index (Unhedged)
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 1.97%

RWE.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.81200$1.55150$0.26050----$0.06539$1.78225$0.15664
2017 +$0.12100$0.12100--------
30-Mar$0.12100$0.12100--------
2016 +$0.70870$0.51350$0.19520----$0.00005$0.78742$0.07877
29-Dec$0.19520-$0.19520----$0.00001$0.21688$0.02169
29-Dec$0.11760$0.11760-----$0.00001$0.13066$0.01307
29-Sep$0.12620$0.12620-----$0.00001$0.14022$0.01403
29-Jun$0.13260$0.13260-----$0.00001$0.14733$0.01474
30-Mar$0.13710$0.13710-----$0.00001$0.15233$0.01524
2015 +$0.49120$0.49120-----$0.06392$0.46620$0.03892
30-Dec$0.13610$0.13610-----$0.01771$0.12917$0.01078
29-Sep$0.12710$0.12710-----$0.01654$0.12063$0.01007
29-Jun$0.12090$0.12090-----$0.01573$0.11475$0.00958
30-Mar$0.10710$0.10710-----$0.01394$0.10165$0.00849
2014 +$0.49110$0.42580$0.06530----$0.00142$0.52863$0.03895
30-Dec$0.06530-$0.06530----$0.00019$0.07029$0.00518
30-Dec$0.13580$0.13580-----$0.00039$0.14618$0.01077
29-Sep$0.11400$0.11400-----$0.00033$0.12271$0.00904
27-Jun$0.17600$0.17600-----$0.00051$0.18945$0.01396
Distribution details (.csv)

Twelve month-trailing distribution yield: 1.18%

RWE.DTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.24450$0.96370$0.28080----$0.00102$1.28559$0.11191
2017 +$0.06980$0.06980--------
30-Mar$0.06980$0.06980--------
2016 +$0.42990$0.31190$0.11800-----$0.47802$0.04812
29-Dec$0.07010$0.07010------$0.07795$0.00785
29-Dec$0.11800-$0.11800-----$0.13121$0.01321
29-Sep$0.07410$0.07410------$0.08239$0.00829
29-Jun$0.08310$0.08310------$0.09240$0.00930
30-Mar$0.08460$0.08460------$0.09407$0.00947
2015 +$0.28370$0.28370------$0.31090$0.02720
30-Dec$0.08200$0.08200------$0.08986$0.00786
29-Sep$0.07520$0.07520------$0.08241$0.00721
29-Jun$0.07020$0.07020------$0.07693$0.00673
30-Mar$0.05630$0.05630------$0.06170$0.00540
2014 +$0.46110$0.29830$0.16280----$0.00102$0.49667$0.03659
30-Dec$0.12290$0.12290-----$0.00027$0.13238$0.00975
30-Dec$0.16280-$0.16280----$0.00036$0.17536$0.01292
29-Sep$0.06860$0.06860-----$0.00015$0.07389$0.00544
27-Jun$0.10680$0.10680-----$0.00024$0.11504$0.00848

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

12 Apr, 2017 | Advisor units

25 Aug, 2016 | Common units

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 (Unhedged) please click here