First Asset Morningstar US Momentum Index ETF (CAD Hedged)

Investment Objectives

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

The Index is comprised of liquid equity securities of U.S. companies, utilizing proprietary CPMS methodologies from Morningstar to screen for, among other things, above average returns on equity, with an emphasis on upward earnings estimate revisions and technical price momentum indicators. To qualify for inclusion in the Index, the constituent securities must, among other things, trade on one of the three major exchanges (NYSE, NYSE Amex, or NASDAQ), be classified as a U.S. issuer, and must have a market capitalization exceeding US $500 million. 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
YXM -0.91%-0.43%3.40%2.73%10.90%-0.95%2.25%5.42%
Benchmark1.41%2.57%10.81%8.66%17.47%9.30%10.13%12.10%
As at: 31 May 2017 - Benchmark: S&P 500 TR Index (CAD Hedged)
 1m3m6mYTD1y2y3ySI
YXM.A -0.98%-0.64%2.97%2.37%10.00%-1.76%1.40%4.56%
Benchmark1.41%2.57%10.81%8.66%17.47%9.30%10.13%12.10%
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

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 Securities50
Price/Earnings Ratio20.37
Price/Book Ratio3.76
As at 31 May, 2017

Index Risk Return Measures

Time period: 12/21/2001 to 05/31/2017IndexBenchmark
Return (% annualized)11.376.61
Std Dev18.7514.37
Beta0.931.00
Sharpe0.580.39
Sortino Ratio0.890.53
Max Drawdown-59.35-52.75
Up Capture124.61100.00
Down Capture109.94100.00
As at 31 May, 2017
Index: Morningstar® US Target Momentum Index TR (CAD hedged)
Benchmark: S&P 500 TR Index (CAD Hedged)
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 0.17%

YXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.07120$0.07120-----$0.02271$0.05711$0.00862
2016 +$0.02120$0.02120-----$0.01099$0.01208$0.00187
29-Dec$0.02120$0.02120-----$0.01099$0.01208$0.00187
2015 +$0.04000$0.04000-----$0.00309$0.04342$0.00651
30-Dec$0.04000$0.04000-----$0.00309$0.04342$0.00651
2013 +$0.01000$0.01000-----$0.00863$0.00161$0.00024
30-Dec$0.01000$0.01000-----$0.00863$0.00161$0.00024

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
30 Sep 2014 A look inside Canada's hottest ETFs Special to the Globe and Mail | Andrew Hallam
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

12 Apr, 2017 | Advisor units

25 Aug, 2016 | Common 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

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 Momentum Index ETF (CAD Hedged) please click here