First Asset Morningstar Canada Value Index ETF

Investment Objectives

The First Asset Morningstar Canada Value Index ETF (the "Fund") has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Value IndexTM (formerly, Morningstar® Canada Value IndexTM), net of expenses.

The Index is comprised of liquid equity securities of Canadian companies utilizing proprietary CPMS methodologies from Morningstar to screen for, among other things, low price to earnings ratios, low price to cash flow ratios, low price to book value and sales, and upward earnings estimate revisions. To qualify for inclusion in the Index, the constituent securities must, among other things, trade on the TSX, be classified as a Canadian issuer, and demonstrate average monthly volume (12 month) in the top third of stocks in the investible universe. The Index is comprised of the top 30 issuers that meet the screening requirements, and are equally weighted and rebalanced quarterly.

Traditional indexes are generally based on market capitalization, which can result in overweighting stocks that are overvalued and underweighting stocks that are undervalued. The Fund is designed to address the concerns with traditional indexes based on market capitalization.

 1m3m6mYTD1y2y3y4ySI
FXM 2.78%9.28%11.26%18.97%18.97%0.66%3.03%8.43%9.69%
Benchmark1.66%4.54%10.24%21.08%21.08%5.36%7.06%8.52%7.60%
As at: 30 Dec 2016 - Benchmark: S&P/TSX Composite TR Index
 1m3m6mYTD1y2y3y4ySI
FXM.A 2.70%9.05%10.80%17.98%17.98%-0.19%2.18%7.53%8.78%
Benchmark1.66%4.54%10.24%21.08%21.08%5.36%7.06%8.52%7.60%
As at: 30 Dec 2016 - Benchmark: S&P/TSX Composite TR Index

 

Sector Breakdown*

As at 30 December 2016
*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/TSX Composite Index is a capitalization-weighted index designed to measure market activity of stocks listed on the Toronto Stock Exchange. This index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of broader Canadian equity market.

Key Facts

Index Characteristics

Number of Securities30
Price/Earnings Ratio14.26
Price/Book Ratio1.22
As at 30 Dec, 2016

Index Risk Return Measures

Time period: 12/29/2000 to 12/30/2016IndexBenchmark
Return (% annualized)15.206.06
Std Dev13.9513.44
Beta0.751.00
Sharpe0.940.35
Sortino Ratio1.520.48
Max Drawdown-40.75-43.35
Up Capture112.28100.00
Down Capture62.65100.00
As at 30 Dec, 2016
Index: Morningstar® Canada Target Value Index TR
Benchmark: S&P/TSX Composite TR Index
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 1.81%

FXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.73805$1.33725$0.40080$0.61098--$0.75529$0.10948--
2016 +$0.26230$0.26230--------
29-Dec$0.06470$0.06470--------
29-Sep$0.07380$0.07380--------
29-Jun$0.07040$0.07040--------
30-Mar$0.05340$0.05340--------
2015 +$0.27230$0.27230-$0.22954---$0.04276--
30-Dec$0.07770$0.07770-$0.06550---$0.01220--
29-Sep$0.08310$0.08310-$0.07005---$0.01305--
29-Jun$0.05330$0.05330-$0.04493---$0.00837--
30-Mar$0.05820$0.05820-$0.04906---$0.00914--
2014 +$0.72960$0.38160$0.34800$0.19375--$0.53585---
30-Dec$0.34800-$0.34800$0.09241--$0.25559---
30-Dec$0.18310$0.18310-$0.04862--$0.13448---
29-Sep$0.06710$0.06710-$0.01782--$0.04928---
27-Jun$0.06510$0.06510-$0.01729--$0.04781---
28-Mar$0.06630$0.06630-$0.01761--$0.04869---
2013 +$0.29535$0.24255$0.05280$0.07384--$0.21944$0.00207--
30-Dec$0.06625$0.06625-$0.01656--$0.04922$0.00047--
30-Dec$0.05280-$0.05280$0.01320--$0.03923$0.00037--
27-Sep$0.06000$0.06000-$0.01500--$0.04458$0.00042--
27-Jun$0.06000$0.06000-$0.01500--$0.04458$0.00042--
27-Mar$0.05630$0.05630-$0.01408--$0.04183$0.00039--
2012 +$0.17850$0.17850-$0.11385---$0.06465--
28-Dec$0.05630$0.05630-$0.03591---$0.02039--
27-Sep$0.04700$0.04700-$0.02998---$0.01702--
30-Jun$0.05000$0.05000-$0.03189---$0.01811--
29-Mar$0.02520$0.02520-$0.01607---$0.00913--
Distribution details (.csv)

Twelve month-trailing distribution yield: 1.06%

FXM.ATotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.44370$0.84400$0.59970$0.28378--$0.87917$0.12815--
2016 +$0.15260$0.15260--------
29-Dec$0.03490$0.03490--------
29-Sep$0.04730$0.04730--------
29-Jun$0.04320$0.04320--------
30-Mar$0.02720$0.02720--------
2015 +$0.15830$0.15830-$0.10245---$0.05585--
30-Dec$0.05240$0.05240-$0.03391---$0.01849--
29-Sep$0.05560$0.05560-$0.03598---$0.01962--
29-Jun$0.02260$0.02260-$0.01463---$0.00797--
30-Mar$0.02770$0.02770-$0.01793---$0.00977--
2014 +$0.55050$0.25270$0.29780$0.07150--$0.47900---
30-Dec$0.13670$0.13670-$0.01775--$0.11895---
30-Dec$0.29780-$0.29780$0.03868--$0.25912---
29-Sep$0.03510$0.03510-$0.00456--$0.03054---
27-Jun$0.03340$0.03340-$0.00434--$0.02906---
28-Mar$0.04750$0.04750-$0.00617--$0.04133---
2013 +$0.46940$0.16750$0.30190$0.06912--$0.40017$0.00011--
30-Dec$0.30190-$0.30190$0.04446--$0.25737$0.00007--
30-Dec$0.04750$0.04750-$0.00700--$0.04049$0.00001--
27-Sep$0.04125$0.04125-$0.00607--$0.03517$0.00001--
27-Jun$0.04125$0.04125-$0.00607--$0.03517$0.00001--
27-Mar$0.03750$0.03750-$0.00552--$0.03197$0.00001--
2012 +$0.11290$0.11290-$0.04071---$0.07219--
28-Dec$0.03750$0.03750-$0.01352---$0.02398--
27-Sep$0.02830$0.02830-$0.01020---$0.01810--
30-Jun$0.03130$0.03130-$0.01129---$0.02001--
29-Mar$0.01580$0.01580-$0.00570---$0.01010--

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
23 Jan 2015 Welcome to The Globe and Mail ETF Buyer's Guide - 2015 edition The Globe and Mail | Rob Carrick
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
15 May 2014 There’s no debating the intelligence of “smart beta” Your Guide to ETF Investing
13 May 2014 Behind the Scenes with Smart Beta www.wealthprofessional.ca
5 May 2014 Taming Wild Currency Plays www.wealthprofessional.ca
14 Apr 2014 Fifteen top Canadian equity funds The Globe and Mail | Jacqueline Nelson
19 Mar 2014 First Asset ETFs March Distributions Marketwired
14 Mar 2014 Understanding factor-indexed ETFs ADVISOR.CA
10 Dec 2013 Intelligent indexing puts a new spin on ETF investing Special to Financial Post
31 Oct 2013 Momentum's momentum ... and Momentum in value! ETF Insight | Yves Rebetez
17 Oct 2013 Scouring for ETFs that mix growth, value The Globe and Mail | Ian McGugan
13 Sep 2013 Don't buy exchange-traded funds blindly Richmond News
27 Jun 2013 A value hunter's guide to Canadian stocks Globe Investor | Ian McGugan
17 Jun 2013 20 stocks that satisfy hunger for dividend yield, taste for growth The Globe and Mail | Ian McGugan
19 Mar 2013 First Asset ETFs Deliver Top Results Marketwired
1 Dec 2012 Fixed-income ETFs hit the sweet spot Investment Executive | Dwarka Lakhan
30 Nov 2012 5 myths about exchange traded funds Financial Post | David Pett
14 Mar 2012 Don't take your ETF's yield at face value Morningstar | John Gabriel
12 Mar 2012 XTF Insight: Convertible bond exchange-traded funds show potential in diversified portfolios Financial Post | Postmedia for XTF | Barry Gordon
9 Mar 2012
7 Mar 2012 Are ETFs bought, rather than sold? Financial Post | Jonathan Chevreau
5 Mar 2012 XTF Insight: Hedging your bets with ETFs Financial Post | Postmedia for XTF
23 Feb 2012 Sizing up the new kid on the block Morningstar | John Gabriel
17 Feb 2012 More room to grow for Canadian ETFs Financial Post | David Pett
16 Feb 2012 Inside Morningstar's New Strategy Indexes Canadian Couch Potato | Dan Bortolotti
13 Feb 2012 How ETFs Have Evolved ETF TRENDS | John Spence
13 Feb 2012 XTF Insight: The evolution of ETFs Financial Post | Postmedia for XTF | Barry Gordon
8 Feb 2012 ETFs spurring shift to fee-based advice The Globe and Mail | John Heinzl
6 Feb 2012
6 Feb 2012
6 Feb 2012 Two new 'intelligent index' funds to begin trading Financial Post | Jonathan Chevreau
6 Feb 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
31 Jan 2012 XTF to launch seven ETFs that track Morningstar indices Investment Executive | Megan Harman
31 Jan 2012 Seven new ETFs from XTF Capital will be based on Morningstar indexes Toronto Star | Morningstar | Rudy Luukko
30 Jan 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
20 Jan 2012 ETF firms take aim at advisors Investment Executive | Megan Harman

Documents

25 Aug, 2016 | Common units

25 Aug, 2016 | Advisor units

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

31 Dec, 2013 | Financial Statements

30 Jun, 2013 | Financial Statements

31 Dec, 2012 | Financial Statements

29 Jun, 2012 | Interim Financial Statements

30 Jun, 2016 | Proxy Voting Record

30 Jun, 2015 | Proxy Voting Record

30 Jun, 2014 | Proxy Voting Record

30 Jun, 2013 | Proxy Voting Record

30 Jun, 2012 | Proxy Voting Record

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 Morningstar Canada Value Index ETF please click here