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

Investment Objectives

The Fund has been designed to replicate, to the extent possible, the performance of the MSCI USA Risk Weighted Top 150 Index Hedged to CAD (the “Index”), net of expenses. 

MSCI USA Risk Weighted Top 150 Index is based on a traditional market capitalization weighted parent index, MSCI USA Index, which includes US 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 USA Risk Weighted Top 150 Index are determined by ranking these security level risk weights and taking the top 150 subset securities. The Index seeks to emphasize stocks with lower historical return variance and tends 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
RWU 2.02%2.56%11.43%8.41%13.21%10.72%10.85%13.52%
Benchmark1.41%2.57%10.81%8.66%17.47%9.30%10.13%12.50%
As at: 31 May 2017 - Benchmark: S&P 500 TR Index (CAD Hedged)
 1m3m6mYTD1y2y3ySI
RWU.A 1.95%2.36%11.00%8.07%12.32%9.86%9.97%12.64%
Benchmark1.41%2.57%10.81%8.66%17.47%9.30%10.13%12.50%
As at: 31 May 2017 - Benchmark: S&P 500 TR Index (CAD Hedged)

 

Sector Breakdown*

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

 

Country Breakdown*

As at 31 May 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 S&P 500 Index (CAD Hedged) tracks 500 large-cap U.S. stocks representing all major industries. The Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of the broader U.S. equity market on a currency hedged basis.

Key Facts

Index Characteristics

Number of Securities149
Price/Earnings Ratio20.51
Price/Book Ratio2.71
As at 31 May, 2017

Index Risk Return Measures

Time period: 12/31/1998 to 05/31/2017IndexBenchmark
Return (% annualized)7.725.14
Std Dev11.6914.80
Beta0.621.00
Sharpe0.500.26
Sortino Ratio0.690.35
Max Drawdown-43.12-52.75
Up Capture73.35100.00
Down Capture52.52100.00
As at 31 May, 2017
Index: MSCI USA Risk Weighted Top 150 Index (CAD Hedged)
Benchmark: S&P 500 TR Index (CAD Hedged)
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 1.55%

RWUTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.05930$0.67480$0.38450---$0.47281$0.00545$0.57476$0.08672
2017 +$0.09300$0.09300--------
29-Jun$0.04600$0.04600--------
30-Mar$0.04700$0.04700--------
2016 +$0.30600$0.17650$0.12950---$0.13070$0.00007$0.20610$0.03087
29-Dec$0.04730$0.04730----$0.02020$0.00001$0.03186$0.00477
29-Dec$0.12950-$0.12950---$0.05532$0.00003$0.08722$0.01307
29-Sep$0.04290$0.04290----$0.01832$0.00001$0.02889$0.00432
29-Jun$0.04280$0.04280----$0.01828$0.00001$0.02883$0.00432
30-Mar$0.04350$0.04350----$0.01858$0.00001$0.02930$0.00439
2015 +$0.17140$0.17140-----$0.00158$0.20043$0.03061
30-Dec$0.04340$0.04340-----$0.00040$0.05075$0.00775
29-Sep$0.04290$0.04290-----$0.00040$0.05017$0.00767
29-Jun$0.04260$0.04260-----$0.00039$0.04981$0.00760
30-Mar$0.04250$0.04250-----$0.00039$0.04970$0.00759
2014 +$0.48890$0.23390$0.25500---$0.34211$0.00380$0.16823$0.02524
30-Dec$0.12810$0.12810----$0.08964$0.00100$0.04408$0.00662
30-Dec$0.25500-$0.25500---$0.17844$0.00198$0.08774$0.01316
29-Sep$0.04310$0.04310----$0.03016$0.00033$0.01483$0.00222
27-Jun$0.06270$0.06270----$0.04387$0.00049$0.02158$0.00324
Distribution details (.csv)

Twelve month-trailing distribution yield: 0.56%

RWU.ATotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.63350$0.29920$0.33430---$0.39732$0.00039$0.23969$0.03610
2017 +$0.03220$0.03220--------
29-Jun$0.01510$0.01510--------
30-Mar$0.01710$0.01710--------
2016 +$0.20660$0.06660$0.14000---$0.12433-$0.09674$0.01447
29-Dec$0.14000-$0.14000---$0.08425-$0.06556$0.00981
29-Dec$0.01910$0.01910----$0.01149-$0.00894$0.00133
29-Sep$0.01540$0.01540----$0.00927-$0.00721$0.00108
29-Jun$0.01520$0.01520----$0.00915-$0.00712$0.00107
30-Mar$0.01690$0.01690----$0.01017-$0.00791$0.00118
2015 +$0.06960$0.06960------$0.08209$0.01249
30-Dec$0.01770$0.01770------$0.02088$0.00318
29-Sep$0.01790$0.01790------$0.02111$0.00321
29-Jun$0.01720$0.01720------$0.02029$0.00309
30-Mar$0.01680$0.01680------$0.01981$0.00301
2014 +$0.32510$0.13080$0.19430---$0.27299$0.00039$0.06086$0.00914
30-Dec$0.08400$0.08400----$0.07054$0.00010$0.01572$0.00236
30-Dec$0.19430-$0.19430---$0.16315$0.00024$0.03637$0.00546
29-Sep$0.01920$0.01920----$0.01612$0.00002$0.00360$0.00054
27-Jun$0.02760$0.02760----$0.02318$0.00003$0.00517$0.00078

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 USA Low Risk Weighted ETF (CAD Hedged) please click here