The Fund has been designed to replicate, to the extent possible, the performance of the MSCI Europe Risk Weighted Top 100 Index (the "Index"), net of expenses. The Index is based on a traditional market capitalization weighted parent index, the MSCI Europe Index, which includes developed Europe 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 Index are determined by ranking these security level risk weights and taking the top 100 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, while maintaining reasonable liquidity and capacity. The investment strategy of the Fund is to invest in and hold the constituent securities of the Index. Foreign currency assets held by the Fund attributable to the Units will not be hedged back to the Canadian dollar.
Investor suitability
For those who:
1m | 3m | 6m | YTD | 1y | 2y | 3y | 4y | 5y | SI | |
---|---|---|---|---|---|---|---|---|---|---|
RWE.B | 1.91% | 3.24% | 8.55% | -0.88% | -0.88% | 8.19% | 4.52% | 7.22% | 3.82% | 7.35% |
As at: 31 Dec 2020 |
As at December 31, 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.
Index Characteristics | |
Number of Securities | 99 |
---|---|
Price/Earnings Ratio | 22.10 |
Price/Book Ratio | 2.72 |
As at 31 Dec, 2020 |
Index Risk Return Measures | ||
Time period: 12/31/1998 to 12/31/2020 | Index | Benchmark |
---|---|---|
Return (% annualized) | 7.01 | 3.83 |
Std Dev | 11.50 | 14.53 |
Beta | 0.66 | 1.00 |
Sharpe | 0.46 | 0.18 |
Sortino Ratio | 0.70 | 0.26 |
Up Capture | 78.25 | 100.00 |
Down Capture | 57.70 | 100.00 |
As at 31 Dec, 2020 Index: MSCI Europe Risk Weighted Top 100 Index Benchmark: MSCI Europe GR Index (Unhedged) |
Number of securities: 98
Security Type | % |
---|---|
Foreign Stock | 98.99% |
Preferred Stock | 0.93% |
Currency Security | 0.08% |
Name | Security Type | ISIN | Ticker | % |
---|---|---|---|---|
CHOCOLADEFABRIKEN LINDT & SPRU | Foreign Stock | CH0010570767 | LISP SW | 3.12 |
UNILEVER PLC | Foreign Stock | GB00B10RZP78 | ULVR LN | 2.31 |
NESTLE SA | Foreign Stock | CH0038863350 | NESN SW | 1.82 |
BANQUE CANTONALE VAUDOISE | Foreign Stock | CH0531751755 | BCVN SW | 1.61 |
GIVAUDAN SA | Foreign Stock | CH0010645932 | GIVN SW | 1.54 |
ORKLA ASA | Foreign Stock | NO0003733800 | ORK NO | 1.52 |
SWISSCOM AG | Foreign Stock | CH0008742519 | SCMN SW | 1.52 |
SWISS PRIME SITE AG | Foreign Stock | CH0008038389 | SPSN SW | 1.46 |
CRODA INTERNATIONAL PLC | Foreign Stock | GB00BJFFLV09 | CRDA LN | 1.38 |
ADMIRAL GROUP PLC | Foreign Stock | GB00B02J6398 | ADM LN | 1.31 |
SEGRO PLC | Foreign Stock | GB00B5ZN1N88 | SGRO LN | 1.31 |
WM MORRISON SUPERMARKETS PLC | Foreign Stock | GB0006043169 | MRW LN | 1.22 |
TELENOR ASA | Foreign Stock | NO0010063308 | TEL NO | 1.22 |
TRYG A/S | Foreign Stock | DK0060636678 | TRYG DC | 1.21 |
NOVARTIS AG | Foreign Stock | CH0012005267 | NOVN SW | 1.19 |
SGS SA | Foreign Stock | CH0002497458 | SGSN SW | 1.17 |
HERMES INTERNATIONAL | Foreign Stock | FR0000052292 | RMS FP | 1.14 |
KUEHNE + NAGEL INTERNATIONAL A | Foreign Stock | CH0025238863 | KNIN SW | 1.12 |
GLAXOSMITHKLINE PLC | Foreign Stock | GB0009252882 | GSK LN | 1.11 |
ROCHE HOLDING AG | Foreign Stock | CH0012032048 | ROG SW | 1.11 |
EMS-CHEMIE HOLDING AG | Foreign Stock | CH0016440353 | EMSN SW | 1.11 |
BARRY CALLEBAUT AG | Foreign Stock | CH0009002962 | BARN SW | 1.10 |
GEBERIT AG | Foreign Stock | CH0030170408 | GEBN SW | 1.10 |
WOLTERS KLUWER NV | Foreign Stock | NL0000395903 | WKL NA | 1.10 |
GJENSIDIGE FORSIKRING ASA | Foreign Stock | NO0010582521 | GJF NO | 1.09 |
SCHINDLER HOLDING AG | Foreign Stock | CH0024638212 | SCHN SW | 1.09 |
AIR LIQUIDE SA | Foreign Stock | FR0000120073 | AI FP | 1.09 |
DIAGEO PLC | Foreign Stock | GB0002374006 | DGE LN | 1.07 |
KONINKLIJKE AHOLD DELHAIZE NV | Foreign Stock | NL0011794037 | AD NA | 1.04 |
SYMRISE AG | Foreign Stock | DE000SYM9999 | SY1 GR | 1.03 |
KONE OYJ | Foreign Stock | FI0009013403 | KNEBV FH | 1.03 |
MERCK KGAA | Foreign Stock | DE0006599905 | MRK GR | 1.03 |
DANONE SA | Foreign Stock | FR0000120644 | BN FP | 1.02 |
IBERDROLA SA | Foreign Stock | ES0144580Y14 | IBE SM | 1.02 |
CARLSBERG AS | Foreign Stock | DK0010181759 | CARLB DC | 1.02 |
LEG IMMOBILIEN AG | Foreign Stock | DE000LEG1110 | LEG GR | 1.01 |
SPIRAX-SARCO ENGINEERING PLC | Foreign Stock | GB00BWFGQN14 | SPX LN | 1.01 |
TESCO PLC | Foreign Stock | GB0008847096 | TSCO LN | 1.00 |
BEIERSDORF AG | Foreign Stock | DE0005200000 | BEI GR | 1.00 |
HALMA PLC | Foreign Stock | GB0004052071 | HLMA LN | 0.99 |
NATIONAL GRID PLC | Foreign Stock | GB00BDR05C01 | NG/ LN | 0.98 |
EDP - ENERGIAS DE PORTUGAL SA | Foreign Stock | PTEDP0AM0009 | EDP PL | 0.98 |
RED ELECTRICA CORP SA | Foreign Stock | ES0173093024 | REE SM | 0.98 |
SCHINDLER HOLDING AG | Foreign Stock | CH0024638196 | SCHP SW | 0.98 |
VIVENDI SA | Foreign Stock | FR0000127771 | VIV FP | 0.98 |
ESSITY AB | Foreign Stock | SE0009922164 | ESSITYB SS | 0.96 |
INVESTOR AB | Foreign Stock | SE0000107419 | INVEB SS | 0.95 |
KONINKLIJKE VOPAK NV | Foreign Stock | NL0009432491 | VPK NA | 0.93 |
KERRY GROUP PLC | Foreign Stock | IE0004906560 | KYG ID | 0.93 |
LOREAL SA | Foreign Stock | FR0000120321 | OR FP | 0.93 |
TERNA RETE ELETTRICA NAZIONALE | Foreign Stock | IT0003242622 | TRN IM | 0.92 |
HENKEL AG & CO KGAA | Preferred Stock | DE0006048432 | HEN3 GR | 0.92 |
ETABLISSEMENTS FRANZ COLRUYT N | Foreign Stock | BE0974256852 | COLR BB | 0.92 |
HENKEL AG & CO KGAA | Foreign Stock | DE0006048408 | HEN GR | 0.91 |
NOVO NORDISK A/S | Foreign Stock | DK0060534915 | NOVOB DC | 0.91 |
SOFINA SA | Foreign Stock | BE0003717312 | SOF BB | 0.91 |
BUNZL PLC | Foreign Stock | GB00B0744B38 | BNZL LN | 0.91 |
ALSTOM SA | Foreign Stock | FR0010220475 | ALO FP | 0.90 |
DEUTSCHE TELEKOM AG | Foreign Stock | DE0005557508 | DTE GR | 0.90 |
LONDON STOCK EXCHANGE GROUP PL | Foreign Stock | GB00B0SWJX34 | LSE LN | 0.90 |
SEVERN TRENT PLC | Foreign Stock | GB00B1FH8J72 | SVT LN | 0.90 |
VONOVIA SE | Foreign Stock | DE000A1ML7J1 | VNA GR | 0.90 |
DEUTSCHE WOHNEN SE | Foreign Stock | DE000A0HN5C6 | DWNI GR | 0.89 |
L E LUNDBERGFORETAGEN AB | Foreign Stock | SE0000108847 | LUNDB SS | 0.89 |
SANOFI | Foreign Stock | FR0000120578 | SAN FP | 0.88 |
INDUSTRIVARDEN AB | Foreign Stock | SE0000107203 | INDUC SS | 0.87 |
GROUPE BRUXELLES LAMBERT SA | Foreign Stock | BE0003797140 | GBLB BB | 0.87 |
RELX PLC | Foreign Stock | GB00B2B0DG97 | REL LN | 0.87 |
COLOPLAST A/S | Foreign Stock | DK0060448595 | COLOB DC | 0.87 |
INDUSTRIVARDEN AB | Foreign Stock | SE0000190126 | INDUA SS | 0.87 |
TELIA CO AB | Foreign Stock | SE0000667925 | TELIA SS | 0.86 |
KONINKLIJKE DSM NV | Foreign Stock | NL0000009827 | DSM NA | 0.85 |
UNIPER SE | Foreign Stock | DE000UNSE018 | UN01 GR | 0.84 |
UNITED UTILITIES GROUP PLC | Foreign Stock | GB00B39J2M42 | UU/ LN | 0.84 |
ORSTED AS | Foreign Stock | DK0060094928 | ORSTED DC | 0.83 |
BUREAU VERITAS SA | Foreign Stock | FR0006174348 | BVI FP | 0.83 |
SCOUT24 AG | Foreign Stock | DE000A12DM80 | G24 GR | 0.82 |
RECKITT BENCKISER GROUP PLC | Foreign Stock | GB00B24CGK77 | RB/ LN | 0.82 |
LEGRAND SA | Foreign Stock | FR0010307819 | LR FP | 0.82 |
PERNOD RICARD SA | Foreign Stock | FR0000120693 | RI FP | 0.82 |
HEINEKEN NV | Foreign Stock | NL0000009165 | HEIA NA | 0.81 |
HSBC HOLDINGS PLC | Foreign Stock | GB0005405286 | HSBA LN | 0.80 |
HEINEKEN HOLDING NV | Foreign Stock | NL0000008977 | HEIO NA | 0.80 |
RENTOKIL INITIAL PLC | Foreign Stock | GB00B082RF11 | RTO LN | 0.79 |
SNAM SPA | Foreign Stock | IT0003153415 | SRG IM | 0.77 |
ESSILORLUXOTTICA SA | Foreign Stock | FR0000121667 | EL FP | 0.76 |
ELISA OYJ | Foreign Stock | FI0009007884 | ELISA FH | 0.76 |
RECORDATI INDUSTRIA CHIMICA E | Foreign Stock | IT0003828271 | REC IM | 0.74 |
DEUTSCHE BOERSE AG | Foreign Stock | DE0005810055 | DB1 GR | 0.73 |
ORANGE SA | Foreign Stock | FR0000133308 | ORA FP | 0.72 |
ZURICH INSURANCE GROUP AG | Foreign Stock | CH0011075394 | ZURN SW | 0.72 |
ASSA ABLOY AB | Foreign Stock | SE0007100581 | ASSAB SS | 0.71 |
ASSICURAZIONI GENERALI SPA | Foreign Stock | IT0000062072 | G IM | 0.70 |
NATURGY ENERGY GROUP SA | Foreign Stock | ES0116870314 | NTGY SM | 0.70 |
INTERTEK GROUP PLC | Foreign Stock | GB0031638363 | ITRK LN | 0.69 |
EXPERIAN PLC | Foreign Stock | GB00B19NLV48 | EXPN LN | 0.64 |
SAGE GROUP PLC/THE | Foreign Stock | GB00B8C3BL03 | SGE LN | 0.62 |
SECURITAS AB | Foreign Stock | SE0000163594 | SECUB SS | 0.62 |
Currency Security | 0.08 | |||
As at: 18 January 2021 | 99.34% |
Twelve month trailing distribution yield : 2.18% (as at 18 Jan 2021)
RWE.B | Total | Cash | Reinvested | Eligible dividends | Non eligible dividends | Other income | Capital Gains | Return of capital | Foreign Income | Foreign tax paid |
---|---|---|---|---|---|---|---|---|---|---|
SI | $4.26950 | $3.66400 | $0.60550 | - | - | - | $0.27094 | $0.09391 | $3.72050 | $0.42197 |
2020 + | $0.60610 | $0.60610 | - | - | - | - | - | - | - | - |
23-Dec | $0.15380 | $0.15380 | - | - | - | - | - | - | - | - |
24-Sep | $0.15380 | $0.15380 | - | - | - | - | - | - | - | - |
24-Jun | $0.15380 | $0.15380 | - | - | - | - | - | - | - | - |
25-Mar | $0.14470 | $0.14470 | - | - | - | - | - | - | - | - |
2019 + | $0.57500 | $0.56600 | $0.00900 | - | - | - | - | $0.02693 | $0.64479 | $0.09672 |
30-Dec | $0.00900 | - | $0.00900 | - | - | - | - | $0.00042 | $0.01009 | $0.00151 |
23-Dec | $0.14470 | $0.14470 | - | - | - | - | - | $0.00678 | $0.16226 | $0.02434 |
24-Sep | $0.14070 | $0.14070 | - | - | - | - | - | $0.00659 | $0.15778 | $0.02367 |
24-Jun | $0.14070 | $0.14070 | - | - | - | - | - | $0.00659 | $0.15778 | $0.02367 |
25-Mar | $0.13990 | $0.13990 | - | - | - | - | - | $0.00655 | $0.15688 | $0.02353 |
2018 + | $0.83500 | $0.56900 | $0.26600 | - | - | - | $0.27094 | $0.00159 | $0.66170 | $0.09925 |
28-Dec | $0.26600 | - | $0.26600 | - | - | - | $0.08631 | $0.00051 | $0.21080 | $0.03162 |
21-Dec | $0.14190 | $0.14190 | - | - | - | - | $0.04604 | $0.00027 | $0.11245 | $0.01687 |
24-Sep | $0.14280 | $0.14280 | - | - | - | - | $0.04634 | $0.00027 | $0.11316 | $0.01697 |
25-Jun | $0.14280 | $0.14280 | - | - | - | - | $0.04634 | $0.00027 | $0.11316 | $0.01697 |
23-Mar | $0.14150 | $0.14150 | - | - | - | - | $0.04591 | $0.00027 | $0.11213 | $0.01682 |
2017 + | $0.56240 | $0.49240 | $0.07000 | - | - | - | - | - | $0.63176 | $0.06936 |
28-Dec | $0.07000 | - | $0.07000 | - | - | - | - | - | $0.07863 | $0.00863 |
28-Dec | $0.12300 | $0.12300 | - | - | - | - | - | - | $0.13817 | $0.01517 |
28-Sep | $0.12300 | $0.12300 | - | - | - | - | - | - | $0.13817 | $0.01517 |
29-Jun | $0.12540 | $0.12540 | - | - | - | - | - | - | $0.14087 | $0.01547 |
30-Mar | $0.12100 | $0.12100 | - | - | - | - | - | - | $0.13592 | $0.01492 |
2016 + | $0.70870 | $0.51350 | $0.19520 | - | - | - | - | $0.00005 | $0.78742 | $0.07877 |
29-Dec | $0.19520 | - | $0.19520 | - | - | - | - | $0.00001 | $0.21688 | $0.02169 |
29-Dec | $0.11760 | $0.11760 | - | - | - | - | - | $0.00001 | $0.13066 | $0.01307 |
29-Sep | $0.12620 | $0.12620 | - | - | - | - | - | $0.00001 | $0.14022 | $0.01403 |
29-Jun | $0.13260 | $0.13260 | - | - | - | - | - | $0.00001 | $0.14733 | $0.01474 |
30-Mar | $0.13710 | $0.13710 | - | - | - | - | - | $0.00001 | $0.15233 | $0.01524 |
2015 + | $0.49120 | $0.49120 | - | - | - | - | - | $0.06392 | $0.46620 | $0.03892 |
30-Dec | $0.13610 | $0.13610 | - | - | - | - | - | $0.01771 | $0.12917 | $0.01078 |
29-Sep | $0.12710 | $0.12710 | - | - | - | - | - | $0.01654 | $0.12063 | $0.01007 |
29-Jun | $0.12090 | $0.12090 | - | - | - | - | - | $0.01573 | $0.11475 | $0.00958 |
30-Mar | $0.10710 | $0.10710 | - | - | - | - | - | $0.01394 | $0.10165 | $0.00849 |
2014 + | $0.49110 | $0.42580 | $0.06530 | - | - | - | - | $0.00142 | $0.52863 | $0.03895 |
30-Dec | $0.06530 | - | $0.06530 | - | - | - | - | $0.00019 | $0.07029 | $0.00518 |
30-Dec | $0.13580 | $0.13580 | - | - | - | - | - | $0.00039 | $0.14618 | $0.01077 |
29-Sep | $0.11400 | $0.11400 | - | - | - | - | - | $0.00033 | $0.12271 | $0.00904 |
27-Jun | $0.17600 | $0.17600 | - | - | - | - | - | $0.00051 | $0.18945 | $0.01396 |
(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.
30 Jun, 2020 - Semi-Annual Financial Statements
31 Dec, 2019 - Annual Financial Statements
30 Jun, 2020 - Management Report of Fund Performance
31 Dec, 2019 - Annual Management Report of Fund Performance
30 Sep, 2020 - Summary of Investment Portfolio
31 Mar, 2020 - Summary of Investment Portfolio
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 Europe Low Risk Weighted ETF (Unhedged) please click hereCapitalizing on the Volatility Factor | Nov 2, 2020 | Positioning Piece | ![]() |