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 | 0.21% | 4.79% | 1.34% | -4.90% | 1.04% | 2.49% | 4.46% | 5.03% | 4.24% | 7.06% |
| As at: 31 Aug 2020 | ||||||||||
As at August 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 | 20.89 |
| Price/Book Ratio | 2.42 |
| As at 31 Aug, 2020 | |
Index Risk Return Measures | ||
| Time period: 12/31/1998 to 08/31/2020 | Index | Benchmark |
|---|---|---|
| Return (% annualized) | 6.89 | 3.46 |
| Std Dev | 11.41 | 14.28 |
| Beta | 0.66 | 1.00 |
| Sharpe | 0.45 | 0.16 |
| Sortino Ratio | 0.68 | 0.22 |
| Up Capture | 78.90 | 100.00 |
| Down Capture | 57.52 | 100.00 |
| As at 31 Aug, 2020 Index: MSCI Europe Risk Weighted Top 100 Index Benchmark: MSCI Europe GR Index (Unhedged) | ||
Number of securities: 98
| Security Type | % |
|---|---|
| Foreign Stock | 98.95% |
| Preferred Stock | 0.99% |
| Currency Security | 0.07% |
| Name | Security Type | ISIN | Ticker | % |
|---|---|---|---|---|
| CHOCOLADEFABRIKEN LINDT & SPRU | Foreign Stock | CH0010570767 | LISP SW | 2.49 |
| GROUPE BRUXELLES LAMBERT SA | Foreign Stock | BE0003797140 | GBLB BB | 2.05 |
| BANQUE CANTONALE VAUDOISE | Foreign Stock | CH0531751755 | BCVN SW | 2.01 |
| GIVAUDAN SA | Foreign Stock | CH0010645932 | GIVN SW | 1.63 |
| NESTLE SA | Foreign Stock | CH0038863350 | NESN SW | 1.53 |
| CRODA INTERNATIONAL PLC | Foreign Stock | GB00BJFFLV09 | CRDA LN | 1.38 |
| SWISSCOM AG | Foreign Stock | CH0008742519 | SCMN SW | 1.33 |
| ADMIRAL GROUP PLC | Foreign Stock | GB00B02J6398 | ADM LN | 1.31 |
| ORKLA ASA | Foreign Stock | NO0003733800 | ORK NO | 1.30 |
| UNILEVER PLC | Foreign Stock | GB00B10RZP78 | ULVR LN | 1.29 |
| SWISS PRIME SITE AG | Foreign Stock | CH0008038389 | SPSN SW | 1.29 |
| UNILEVER NV | Foreign Stock | NL0000388619 | UNA NA | 1.29 |
| KUEHNE + NAGEL INTERNATIONAL A | Foreign Stock | CH0025238863 | KNIN SW | 1.28 |
| AIR LIQUIDE SA | Foreign Stock | FR0000120073 | AI FP | 1.25 |
| SEGRO PLC | Foreign Stock | GB00B5ZN1N88 | SGRO LN | 1.25 |
| EMS-CHEMIE HOLDING AG | Foreign Stock | CH0016440353 | EMSN SW | 1.23 |
| KONE OYJ | Foreign Stock | FI0009013403 | KNEBV FH | 1.21 |
| TRYG A/S | Foreign Stock | DK0060636678 | TRYG DC | 1.20 |
| BUNZL PLC | Foreign Stock | GB00B0744B38 | BNZL LN | 1.19 |
| SYMRISE AG | Foreign Stock | DE000SYM9999 | SY1 GR | 1.19 |
| WOLTERS KLUWER NV | Foreign Stock | NL0000395903 | WKL NA | 1.16 |
| SCHINDLER HOLDING AG | Foreign Stock | CH0024638212 | SCHN SW | 1.16 |
| SGS SA | Foreign Stock | CH0002497458 | SGSN SW | 1.14 |
| GJENSIDIGE FORSIKRING ASA | Foreign Stock | NO0010582521 | GJF NO | 1.14 |
| HERMES INTERNATIONAL | Foreign Stock | FR0000052292 | RMS FP | 1.10 |
| TELENOR ASA | Foreign Stock | NO0010063308 | TEL NO | 1.09 |
| IBERDROLA SA | Foreign Stock | ES0144580Y14 | IBE SM | 1.09 |
| ALSTOM SA | Foreign Stock | FR0010220475 | ALO FP | 1.08 |
| SCHINDLER HOLDING AG | Foreign Stock | CH0024638196 | SCHP SW | 1.08 |
| BEIERSDORF AG | Foreign Stock | DE0005200000 | BEI GR | 1.07 |
| GEBERIT AG | Foreign Stock | CH0030170408 | GEBN SW | 1.07 |
| VONOVIA SE | Foreign Stock | DE000A1ML7J1 | VNA GR | 1.07 |
| KERRY GROUP PLC | Foreign Stock | IE0004906560 | KYG ID | 1.05 |
| INVESTOR AB | Foreign Stock | SE0000107419 | INVEB SS | 1.04 |
| DIAGEO PLC | Foreign Stock | GB0002374006 | DGE LN | 1.03 |
| INDUSTRIVARDEN AB | Foreign Stock | SE0000107203 | INDUC SS | 1.01 |
| CARLSBERG AS | Foreign Stock | DK0010181759 | CARLB DC | 1.00 |
| L E LUNDBERGFORETAGEN AB | Foreign Stock | SE0000108847 | LUNDB SS | 1.00 |
| LEG IMMOBILIEN AG | Foreign Stock | DE000LEG1110 | LEG GR | 0.99 |
| ROCHE HOLDING AG | Foreign Stock | CH0012032048 | ROG SW | 0.99 |
| DEUTSCHE WOHNEN SE | Foreign Stock | DE000A0HN5C6 | DWNI GR | 0.99 |
| HEINEKEN NV | Foreign Stock | NL0000009165 | HEIA NA | 0.99 |
| TERNA RETE ELETTRICA NAZIONALE | Foreign Stock | IT0003242622 | TRN IM | 0.98 |
| LOREAL SA | Foreign Stock | FR0000120321 | OR FP | 0.98 |
| NOVARTIS AG | Foreign Stock | CH0012005267 | NOVN SW | 0.98 |
| DEUTSCHE TELEKOM AG | Foreign Stock | DE0005557508 | DTE GR | 0.98 |
| HENKEL AG & CO KGAA | Preferred Stock | DE0006048432 | HEN3 GR | 0.98 |
| LEGRAND SA | Foreign Stock | FR0010307819 | LR FP | 0.97 |
| DANONE SA | Foreign Stock | FR0000120644 | BN FP | 0.97 |
| BARRY CALLEBAUT AG | Foreign Stock | CH0009002962 | BARN SW | 0.97 |
| TELIA CO AB | Foreign Stock | SE0000667925 | TELIA SS | 0.96 |
| INTERTEK GROUP PLC | Foreign Stock | GB0031638363 | ITRK LN | 0.96 |
| HEINEKEN HOLDING NV | Foreign Stock | NL0000008977 | HEIO NA | 0.95 |
| VIVENDI SA | Foreign Stock | FR0000127771 | VIV FP | 0.93 |
| WM MORRISON SUPERMARKETS PLC | Foreign Stock | GB0006043169 | MRW LN | 0.93 |
| HENKEL AG & CO KGAA | Foreign Stock | DE0006048408 | HEN GR | 0.93 |
| SOFINA SA | Foreign Stock | BE0003717312 | SOF BB | 0.92 |
| MERCK KGAA | Foreign Stock | DE0006599905 | MRK GR | 0.91 |
| KONINKLIJKE DSM NV | Foreign Stock | NL0000009827 | DSM NA | 0.90 |
| SPIRAX-SARCO ENGINEERING PLC | Foreign Stock | GB00BWFGQN14 | SPX LN | 0.90 |
| ESSITY AB | Foreign Stock | SE0009922164 | ESSITYB SS | 0.88 |
| COCA-COLA EUROPEAN PARTNERS PL | Foreign Stock | GB00BDCPN049 | CCEP US | 0.88 |
| ZURICH INSURANCE GROUP AG | Foreign Stock | CH0011075394 | ZURN SW | 0.87 |
| SECURITAS AB | Foreign Stock | SE0000163594 | SECUB SS | 0.86 |
| NATIONAL GRID PLC | Foreign Stock | GB00BDR05C01 | NG/ LN | 0.86 |
| BUREAU VERITAS SA | Foreign Stock | FR0006174348 | BVI FP | 0.86 |
| ASSA ABLOY AB | Foreign Stock | SE0007100581 | ASSAB SS | 0.85 |
| HALMA PLC | Foreign Stock | GB0004052071 | HLMA LN | 0.85 |
| EXPERIAN PLC | Foreign Stock | GB00B19NLV48 | EXPN LN | 0.84 |
| SANOFI | Foreign Stock | FR0000120578 | SAN FP | 0.84 |
| RED ELECTRICA CORP SA | Foreign Stock | ES0173093024 | REE SM | 0.84 |
| KONINKLIJKE AHOLD DELHAIZE NV | Foreign Stock | NL0011794037 | AD NA | 0.83 |
| PERNOD RICARD SA | Foreign Stock | FR0000120693 | RI FP | 0.82 |
| GLAXOSMITHKLINE PLC | Foreign Stock | GB0009252882 | GSK LN | 0.82 |
| RELX PLC | Foreign Stock | GB00B2B0DG97 | REL LN | 0.81 |
| SCOUT24 AG | Foreign Stock | DE000A12DM80 | G24 GR | 0.80 |
| RECORDATI INDUSTRIA CHIMICA E | Foreign Stock | IT0003828271 | REC IM | 0.80 |
| COLRUYT SA | Foreign Stock | BE0974256852 | COLR BB | 0.79 |
| SAGE GROUP PLC/THE | Foreign Stock | GB00B8C3BL03 | SGE LN | 0.78 |
| KONINKLIJKE VOPAK NV | Foreign Stock | NL0009432491 | VPK NA | 0.78 |
| SEVERN TRENT PLC | Foreign Stock | GB00B1FH8J72 | SVT LN | 0.77 |
| SNAM SPA | Foreign Stock | IT0003153415 | SRG IM | 0.76 |
| SAMPO OYJ | Foreign Stock | FI0009003305 | SAMPO FH | 0.76 |
| BALOISE HOLDING AG | Foreign Stock | CH0012410517 | BALN SW | 0.76 |
| THALES SA | Foreign Stock | FR0000121329 | HO FP | 0.76 |
| ORANGE SA | Foreign Stock | FR0000133308 | ORA FP | 0.75 |
| NATURGY ENERGY GROUP SA | Foreign Stock | ES0116870314 | NTGY SM | 0.75 |
| ASSICURAZIONI GENERALI SPA | Foreign Stock | IT0000062072 | G IM | 0.75 |
| RECKITT BENCKISER GROUP PLC | Foreign Stock | GB00B24CGK77 | RB/ LN | 0.73 |
| DNB ASA | Foreign Stock | NO0010031479 | DNB NO | 0.72 |
| TESCO PLC | Foreign Stock | GB0008847096 | TSCO LN | 0.72 |
| MOWI ASA | Foreign Stock | NO0003054108 | MOWI NO | 0.68 |
| ESSILORLUXOTTICA SA | Foreign Stock | FR0000121667 | EL FP | 0.68 |
| HSBC HOLDINGS PLC | Foreign Stock | GB0005405286 | HSBA LN | 0.67 |
| DEUTSCHE BOERSE AG | Foreign Stock | DE0005810055 | DB1 GR | 0.66 |
| ELISA OYJ | Foreign Stock | FI0009007884 | ELISA FH | 0.63 |
| ICADE | Foreign Stock | FR0000035081 | ICAD FP | 0.62 |
| PROXIMUS SADP | Foreign Stock | BE0003810273 | PROX BB | 0.59 |
| Currency Security | 0.06 | |||
As at: 18 September 2020 | 98.62% | |||
Twelve month trailing distribution yield : 2.64% (as at 18 Sep 2020)
| RWE.B | Total | Cash | Reinvested | Eligible dividends | Non eligible dividends | Other income | Capital Gains | Return of capital | Foreign Income | Foreign tax paid |
|---|---|---|---|---|---|---|---|---|---|---|
| SI | $4.11570 | $3.51020 | $0.60550 | - | - | - | $0.27094 | $0.09391 | $3.72050 | $0.42197 |
| 2020 + | $0.45230 | $0.45230 | - | - | - | - | - | - | - | - |
| 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
31 Mar, 2020 - Summary of Investment Portfolio
30 Sep, 2019 - 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 here