First Asset Morningstar US Dividend Target 50 Index ETF (Unhedged)

Investment Objectives

The First Asset Morningstar US Dividend Target 50 Index ETF (the "Fund") has been designed to replicate, to the extent possible, the performance of the Morningstar® US Target Dividend IndexTM (formerly, Morningstar® US Dividend Target 50 IndexTM), net of expenses.

The portfolio yield represents the gross yield on the ETF's underlying portfolio of securities. It is not the yield or the dividend investors will receive by virtue of an investment in the ETF.This index reflects the performance of 50 dividend paying, U.S. based equities, utilizing proprietary CPMS methodologies from Morningstar to screen for, among other things, above-average returns on equity and high cash flows relative to debt. To qualify for inclusion in the Index, the constituent securities must, among other things, trade on the NYSE, NYSE Amex or NASDAQ exchange, must demonstrate average daily volume (3 month) in the top third of stocks in the investible universe, and must have an expected dividend yield. The Index is comprised of the top 50 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.

 1m3m6mYTD1y2y3ySI
UXM.B 3.02%0.94%2.30%5.00%6.39%10.00%10.89%14.23%
Benchmark1.81%0.61%1.00%6.54%12.87%13.00%15.04%17.95%
As at: 29 Sep 2017 - Benchmark: S&P 500 TR Index

 

Sector Breakdown*

As at 29 September 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 tracks 500 large-cap U.S. stocks representing all major industries. This 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.

Key Facts

Index Characteristics

Number of Securities50
Price/Earnings Ratio17.83
Price/Book Ratio3.36
As at 29 Sep, 2017

Index Risk Return Measures

Time period: 12/31/2001 to 09/29/2017IndexBenchmark
Return (% annualized)7.995.62
Std Dev10.5811.84
Beta0.811.00
Sharpe0.610.37
Sortino Ratio0.930.53
Max Drawdown-30.93-42.41
Up Capture91.97100.00
Down Capture73.05100.00
As at 29 Sep, 2017
Index: Morningstar® US Target Dividend Index TR (Unhedged)
Benchmark: S&P 500 TR Index (Unhedged)
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 2.72%

UXM.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$2.37411$1.52701$0.84710---$0.65626$0.17374$1.44928$0.21790
2017 +$0.31300$0.31300--------
28-Sep$0.09660$0.09660--------
29-Jun$0.10740$0.10740--------
30-Mar$0.10900$0.10900--------
2016 +$1.26830$0.42120$0.84710---$0.65626$0.00005$0.72063$0.10837
29-Dec$0.10460$0.10460----$0.05412$0.00001$0.05943$0.07254
29-Dec$0.84710-$0.84710---$0.43832$0.00001$0.48131$0.00896
29-Sep$0.10460$0.10460----$0.05412$0.00001$0.05943$0.00869
29-Jun$0.10130$0.10130----$0.05242$0.00001$0.05756$0.00869
30-Mar$0.11070$0.11070----$0.05728$0.00001$0.06290$0.00949
2015 +$0.38730$0.38730------$0.45564$0.06834
30-Dec$0.10620$0.10620------$0.12494$0.01874
29-Sep$0.09910$0.09910------$0.11659$0.01749
29-Jun$0.08820$0.08820------$0.10376$0.01556
30-Mar$0.09380$0.09380------$0.11035$0.01655
2014 +$0.32770$0.32770-----$0.10270$0.26498$0.03998
30-Dec$0.07670$0.07670-----$0.02404$0.06202$0.00936
29-Sep$0.07670$0.07670-----$0.02404$0.06202$0.00936
27-Jun$0.07430$0.07430-----$0.02328$0.06008$0.00906
28-Mar$0.10000$0.10000-----$0.03134$0.08086$0.01220
2013 +$0.07781$0.07781-----$0.07099$0.00803$0.00121
30-Dec$0.07781$0.07781-----$0.07099$0.00803$0.00121

News

25 Sep 2017 First Asset Opens the Market First Asset
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
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
17 Oct 2013 Scouring for ETFs that mix growth, value The Globe and Mail | Ian McGugan

Documents

30 Jun, 2017 | Financial Statements

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

31 Dec, 2013 | Financial Statements

30 Jun, 2017 | Proxy Voting Record

30 Jun, 2016 | Proxy Voting Record

30 Jun, 2015 | Proxy Voting Record

30 Jun, 2014 | 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 US Dividend Target 50 Index ETF (Unhedged) please click here