CI First Asset MSCI Canada Low Risk Weighted ETF

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the MSCI Canada Risk Weighted Index (the "Index"), net of expenses. The Index is based on a traditional market capitalization weighted parent index, the MSCI Canada Index, which includes Canadian large and mid-capitalization stocks. Constructed using a simple, but effective and transparent process, the Index reweights each security of the parent index so that stocks with lower risk are given higher index weights. 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, while maintaining reasonable liquidity and capacity. The investment strategy of the Fund is to invest in and hold the constituent securities of the Index

Investor suitability
For those who:

  • want Canadian equity exposure
  • are primarily focused on risk mitigation
  • want to receive regular quarterly cash flows (if any)
  • Can tolerate low to medium risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
RWC -0.50%4.88%13.36%-11.28%-9.79%-0.40%0.33%2.21%4.42%4.15%
Benchmark-2.06%4.73%22.51%-3.09%-0.03%3.46%4.26%5.47%7.16%5.42%
As at: 30 Sep 2020 - Benchmark: S&P/TSX Composite Index (Total Return)

 

Historical NAVs

Sector Breakdown

As at September 30, 2020

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 Securities86
Price/Earnings Ratio16.08
Price/Book Ratio1.68
As at 30 Sep, 2020

Index Risk Return Measures

Time period: 05/29/1992 to 09/30/2020 Index Benchmark
Return (% annualized)9.588.28
Std Dev11.5514.32
Beta0.691.00
Sharpe0.610.43
Sortino Ratio0.850.59
Up Capture80.89100.00
Down Capture63.56100.00
As at 30 Sep, 2020
Index: MSCI Canada Risk Weighted IndexTM
Benchmark: S&P/TSX Composite TR Index

Number of securities: 86

Asset Allocation

Security Type%
Common Stock99.76%
Foreign Stock0.20%
Currency Security0.04%

Holdings

NameSecurity TypeISINTicker %
TELUS CORP Common StockCA87971M1032 T CN 3.47
BCE INC Common StockCA05534B7604 BCE CN 2.91
ROYAL BANK OF CANADA Common StockCA7800871021 RY CN 2.91
METRO INC Common StockCA59162N1096 MRU CN 2.88
HYDRO ONE LIMITED Common StockCA4488112083 H CN 2.79
QUEBECOR INC Common StockCA7481932084 QBR/B CN 2.67
CANADIAN NATIONAL RAILWAY CO Common StockCA1363751027 CNR CN 2.55
ROGERS COMMUNICATIONS INC Common StockCA7751092007 RCI/B CN 2.54
FORTIS INC Common StockCA3495531079 FTS CN 2.54
WESTON (GEORGE) LTD Common StockCA9611485090 WN CN 2.53
TORONTO DOMINION BANK Common StockCA8911605092 TD CN 2.29
GREAT WEST LIFECO INC Common StockCA39138C1068 GWO CN 2.20
BANK OF NOVA SCOTIA Common StockCA0641491075 BNS CN 2.12
EMERA INC Common StockCA2908761018 EMA CN 2.08
CANADIAN IMPERIAL BK OF COMM Common StockCA1360691010 CM CN 2.05
LOBLAW COMPANIES LTD Common StockCA5394811015 L CN 1.98
BANK OF MONTREAL Common StockCA0636711016 BMO CN 1.89
THOMSON REUTERS CORP Common StockCA8849037095 TRI CN 1.85
INTACT FINANCIAL CORP Common StockCA45823T1066 IFC CN 1.82
SHAW COMMUNICATIONS INC Common StockCA82028K2002 SJR/B CN 1.80
CANADIAN PACIFIC RAILWAY LTD Common StockCA13645T1003 CP CN 1.77
SAPUTO INC Common StockCA8029121057 SAP CN 1.77
ALGONQUIN POWER & UTIL CORP Common StockCA0158571053 AQN CN 1.61
CGI INC Common StockCA12532H1047 GIB/A CN 1.52
NATIONAL BANK OF CANADA Common StockCA6330671034 NA CN 1.46
POWER CORP CANADA Common StockCA7392391016 POW CN 1.42
CANADIAN TIRE CORP LTD Common StockCA1366812024 CTC/A CN 1.37
CANADIAN UTILITIES LTD Common StockCA1367178326 CU CN 1.34
TMX GROUP LTD Common StockCA87262K1057 X CN 1.34
ATCO LTD Common StockCA0467894006 ACO/X CN 1.32
FAIRFAX FINANCIAL HOLDINGS LTD Common StockCA3039011026 FFH CN 1.32
OPEN TEXT CORPORATION Common StockCA6837151068 OTEX CN 1.25
CANADIAN APARTMENT PPTYS REIT Common StockCA1349211054 CAR-U CN 1.23
IGM FINANCIAL INC Common StockCA4495861060 IGM CN 1.21
CONSTELLATION SOFTWARE INC Common StockCA21037X1006 CSU CN 1.20
RITCHIE BROS AUCTIONEERS INC Common StockCA7677441056 RBA CN 1.19
TC ENERGY CORP Common StockCA87807B1076 TRP CN 1.18
WSP GLOBAL INC Common StockCA92938W2022 WSP CN 1.15
ALIMENTATION COUCHE-TARD INC Common StockCA01626P4033 ATD/B CN 1.09
DOLLARAMA INC Common StockCA25675T1075 DOL CN 1.08
SUN LIFE FINANCIAL INC Common StockCA8667961053 SLF CN 1.07
CCL INDUSTRIES INC Common StockCA1249003098 CCL/B CN 1.04
BROOKFIELD ASSET MGMT INC Common StockCA1125851040 BAM/A CN 1.00
NUTRIEN LTD Common StockCA67077M1086 NTR CN 0.99
ENBRIDGE INC Common StockCA29250N1050 ENB CN 0.98
RIOCAN REIT Common StockCA7669101031 REI-U CN 0.96
MANULIFE FINANCIAL CORP Common StockCA56501R1064 MFC CN 0.93
IA FINANCIAL CORP INC Common StockCA45075E1043 IAG CN 0.87
FIRST CAPITAL REIT Common StockCA31890B1031 FCR-U CN 0.82
SMARTCENTRES REIT Common StockCA83179X1087 SRU-U CN 0.81
CI FINANCIAL INC Common StockCA1254911003 CIX CN 0.80
EMPIRE CO LTD Common StockCA2918434077 EMP/A CN 0.78
FRANCO-NEVADA CORP Common StockCA3518581051 FNV CN 0.75
ONEX CORP Common StockCA68272K1030 ONEX CN 0.66
MAGNA INTL INC Common StockCA5592224011 MG CN 0.65
PARKLAND CORP Common StockCA70137W1086 PKI CN 0.60
GILDAN ACTIVEWEAR INC Common StockCA3759161035 GIL CN 0.58
WHEATON PRECIOUS METALS CORP Common StockCA9628791027 WPM CN 0.57
AGNICO EAGLE MINES LIMITED Common StockCA0084741085 AEM CN 0.56
PEMBINA PIPELINE CORP Common StockCA7063271034 PPL CN 0.53
RESTAURANT BRANDS INTL INC Common StockCA76131D1033 QSR CN 0.52
ALTAGAS LTD Common StockCA0213611001 ALA CN 0.51
BARRICK GOLD CORP Common StockCA0679011084 ABX CN 0.50
CAE INC Common StockCA1247651088 CAE CN 0.50
INTER PIPELINE LTD Common StockCA45833V1094 IPL CN 0.49
CAMECO CORP Common StockCA13321L1085 CCO CN 0.49
SSR MINING INC Common StockCA7847301032 SSRM CN 0.47
TECK RESOURCES LTD Common StockCA8787422044 TECK/B CN 0.46
KEYERA CORP Common StockCA4932711001 KEY CN 0.41
LUNDIN MINING CORP Common StockCA5503721063 LUN CN 0.40
PAN AMERICAN SILVER CORP Common StockCA6979001089 PAAS CN 0.39
IMPERIAL OIL LTD Common StockCA4530384086 IMO CN 0.38
B2GOLD CORP Common StockCA11777Q2099 BTO CN 0.37
KINROSS GOLD CORP Common StockCA4969024047 K CN 0.36
KIRKLAND LAKE GOLD LTD Common StockCA49741E1007 KL CN 0.34
BLACKBERRY LIMITED Common StockCA09228F1036 BB CN 0.32
SHOPIFY INC Common StockCA82509L1076 SHOP CN 0.30
FIRST QUANTUM MINERALS LTD Common StockCA3359341052 FM CN 0.30
SUNCOR ENERGY INC Common StockCA8672241079 SU CN 0.28
YAMANA GOLD INC Common StockCA98462Y1007 YRI CN 0.26
CANADIAN NATURAL RESOURCES LTD Common StockCA1363851017 CNQ CN 0.26
CRONOS GROUP INC Common StockCA22717L1013 CRON CN 0.25
BAUSCH HEALTH COS INC Foreign StockCA0717341071 BHC CN 0.20
AIR CANADA Common StockCA0089118776 AC CN 0.20
CENOVUS ENERGY INC Common StockCA15135U1093 CVE CN 0.14
CANOPY GROWTH CORP Common StockCA1380351009 WEED CN 0.13
Currency Security 0.04

As at: 23 October 2020
Holdings are subject to change

99.91%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 2.99% (as at 23 Oct 2020)

RWCTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$2.20770$2.04940$0.15830$1.44836--$0.34961$0.16563--
2020 +$0.24410$0.24410--------
24-Sep$0.07760$0.07760--------
24-Jun$0.07850$0.07850--------
25-Mar$0.08800$0.08800--------
2019 +$0.34940$0.34940-$0.32677---$0.02263--
23-Dec$0.08800$0.08800-$0.08230---$0.00570--
24-Sep$0.08800$0.08800-$0.08230---$0.00570--
24-Jun$0.08800$0.08800-$0.08230---$0.00570--
25-Mar$0.08540$0.08540-$0.07987---$0.00553--
2018 +$0.32880$0.32880-$0.26317--$0.06563---
21-Dec$0.08600$0.08600-$0.06884--$0.01716---
24-Sep$0.08270$0.08270-$0.06619--$0.01651---
25-Jun$0.08280$0.08280-$0.06627--$0.01653---
23-Mar$0.07730$0.07730-$0.06187--$0.01543---
2017 +$0.29230$0.29230-$0.29230------
28-Dec$0.07350$0.07350-$0.07350------
28-Sep$0.07350$0.07350-$0.07350------
29-Jun$0.07370$0.07370-$0.07370------
30-Mar$0.07160$0.07160-$0.07160------
2016 +$0.27810$0.27810-$0.27123---$0.00687--
29-Dec$0.07920$0.07920-$0.07724---$0.00196--
29-Sep$0.06490$0.06490-$0.06330---$0.00160--
29-Jun$0.06680$0.06680-$0.06515---$0.00165--
30-Mar$0.06720$0.06720-$0.06554---$0.00166--
2015 +$0.27520$0.27520-$0.13990---$0.13530--
30-Dec$0.06950$0.06950-$0.03533---$0.03417--
29-Sep$0.06890$0.06890-$0.03503---$0.03387--
29-Jun$0.06840$0.06840-$0.03477---$0.03363--
30-Mar$0.06840$0.06840-$0.03477---$0.03363--
2014 +$0.43980$0.28150$0.15830$0.15499--$0.28398$0.00083--
30-Dec$0.12450$0.12450-$0.04387--$0.08039$0.00024--
30-Dec$0.15830-$0.15830$0.05579--$0.10222$0.00029--
29-Sep$0.06220$0.06220-$0.02192--$0.04016$0.00012--
27-Jun$0.09480$0.09480-$0.03341--$0.06121$0.00018--

(1) Future distribution dates may be amended at any time. (2) Reinvested distributions are not paid in cash but instead remain invested in the Fund. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. (3) The characterization of distributions for tax purposes (such as dividends/other income/capital gains etc.) will not be known for certain until after the Fund's tax year end. Therefore investors will be informed of the characterization of the amounts distributed for tax purposes only for the entire year and not with each distribution. For tax purposes these amounts will be reported by brokers on official tax statements.

News

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
11 Feb 2014 First Asset launches "risk-weighted" equity ETFs Morningstar | Rudy Luukko

Documents

22 Apr, 2020 - ETF Facts

National Instrument 81-106 Investment Fund Continuous Disclosure requires disclosure of the proxy voting record on an annual basis for the period ending on June 30 of each year. The proxy voting record must be posted on the website no later than August 31 of each year.

Canadian securities law provides that the manager of an investment funds (in this case, CI Investments Inc. ("CI")), acting on behalf of the investment fund, has the right and obligation to vote proxies relating to the investment fund's portfolio securities. As a practical matter, CI delegates this function to the applicable portfolio manager or sub-adviser, as part of the portfolio manager's or sub-adviser's general management of the investment fund assets, subject to oversight by CI. CI generally requires that applicable portfolio managers or sub-advisers vote all proxies in the best interest of CI's funds and their securityholders, as determined solely by the portfolio manager or sub-adviser, and subject to CI's proxy voting policy, the guidelines applicable to the individual portfolio manager or sub-adviser, and applicable legislation. Portfolio managers and sub-advisers are generally expected to vote on any matter for which the investment fund receives proxy materials for a meeting of securityholders of an issuer.

Proxy voting record for the most recent year:

30 Jun, 2020 - 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 CI First Asset MSCI Canada Low Risk Weighted ETF please click here