CI First Asset MSCI International Low Risk Weighted ETF (CAD Hedged)

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the MSCI EAFE Risk Weighted Top 175 Index (CAD Hedged) (the "Index"), net of expenses. The Index is based on a traditional market capitalization weighted parent index, the MSCI EAFE Index, which includes 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 175 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 Index is hedged to the Canadian dollar by notionally "selling" each foreign currency forward at the one-month forward exchange rate at the end of each month. The investment strategy of the Fund is to invest in and hold the constituent securities of the Index. It is intended that, except as described in the prospectus, at all times at least 90% of the foreign currency denominated assets held by the Fundattributable to the Units will be hedged back to the Canadian dollar.

Investor suitability
For those who:

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

Performance

 1m3m6mYTD1y2y3ySI
RWX -0.99%0.04%5.58%-13.45%-11.60%-1.22%1.36%1.15%
Benchmark-0.95%1.25%14.09%-9.83%-4.71%-1.07%1.30%2.25%
As at: 30 Sep 2020 - Benchmark: MSCI EAFE NR Index

 

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 MSCI EAFE Index (Europe, Australasia and the Far East) is an equity index which captures large and mid cap representation across Developed Markets countries in Europe, Australasia and the Far East. With 901 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. The Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of certain Eastern and European Developed Markets.

Key Facts

Index Characteristics

Number of Securities174
Price/Earnings Ratio18.98
Price/Book Ratio1.47
As at 30 Sep, 2020

Index Risk Return Measures

Time period: 12/31/1998 to 09/30/2020 Index Benchmark
Return (% annualized)7.373.67
Std Dev9.3414.09
Beta0.541.00
Sharpe0.580.17
Sortino Ratio0.780.23
Up Capture65.42100.00
Down Capture38.72100.00
As at 30 Sep, 2020
Index: MSCI EAFE Risk Weighted Top 175 Index
Benchmark: MSCI EAFE NR Index (CAD Hedged)

Number of securities: 173

Asset Allocation

Security Type%
Foreign Stock99.13%
Preferred Stock0.59%
Currency Security0.28%

Holdings

NameSecurity TypeISINTicker %
HK ELECTRIC INVESTMENTS & HK E Foreign StockHK0000179108 2638 HK 1.57
CHOCOLADEFABRIKEN LINDT & SPRU Foreign StockCH0010570767 LISP SW 1.39
GROUPE BRUXELLES LAMBERT SA Foreign StockBE0003797140 GBLB BB 1.16
BANQUE CANTONALE VAUDOISE Foreign StockCH0531751755 BCVN SW 1.07
ASX LTD Foreign StockAU000000ASX7 ASX AU 0.93
GIVAUDAN SA Foreign StockCH0010645932 GIVN SW 0.91
WOOLWORTHS GROUP LTD Foreign StockAU000000WOW2 WOW AU 0.90
NESTLE SA Foreign StockCH0038863350 NESN SW 0.89
SINGAPORE EXCHANGE LTD Foreign StockSG1J26887955 SGX SP 0.85
MTR CORP LTD Foreign StockHK0066009694 66 HK 0.84
NTT DOCOMO INC Foreign StockJP3165650007 9437 JP 0.82
CRODA INTERNATIONAL PLC Foreign StockGB00BJFFLV09 CRDA LN 0.82
CLP HOLDINGS LTD Foreign StockHK0002007356 2 HK 0.82
KUEHNE + NAGEL INTERNATIONAL A Foreign StockCH0025238863 KNIN SW 0.80
PCCW LTD Foreign StockHK0008011667 8 HK 0.80
AUSNET SERVICES Foreign StockAU000000AST5 AST AU 0.79
ADMIRAL GROUP PLC Foreign StockGB00B02J6398 ADM LN 0.76
UNILEVER PLC Foreign StockGB00B10RZP78 ULVR LN 0.76
UNILEVER NV Foreign StockNL0000388619 UNA NA 0.76
HONG KONG & CHINA GAS CO LTD Foreign StockHK0003000038 3 HK 0.74
ORKLA ASA Foreign StockNO0003733800 ORK NO 0.74
SWISSCOM AG Foreign StockCH0008742519 SCMN SW 0.74
HERMES INTERNATIONAL Foreign StockFR0000052292 RMS FP 0.72
SEGRO PLC Foreign StockGB00B5ZN1N88 SGRO LN 0.71
BUNZL PLC Foreign StockGB00B0744B38 BNZL LN 0.71
SWISS PRIME SITE AG Foreign StockCH0008038389 SPSN SW 0.71
EMS-CHEMIE HOLDING AG Foreign StockCH0016440353 EMSN SW 0.70
AIR LIQUIDE SA Foreign StockFR0000120073 AI FP 0.70
KONE OYJ Foreign StockFI0009013403 KNEBV FH 0.70
WESFARMERS LTD Foreign StockAU000000WES1 WES AU 0.69
TRYG A/S Foreign StockDK0060636678 TRYG DC 0.68
SCHINDLER HOLDING AG Foreign StockCH0024638212 SCHN SW 0.67
COMMONWEALTH BANK OF AUSTRALIA Foreign StockAU000000CBA7 CBA AU 0.67
WOLTERS KLUWER NV Foreign StockNL0000395903 WKL NA 0.67
SYMRISE AG Foreign StockDE000SYM9999 SY1 GR 0.67
SECOM CO LTD Foreign StockJP3421800008 9735 JP 0.66
SGS SA Foreign StockCH0002497458 SGSN SW 0.65
BEIERSDORF AG Foreign StockDE0005200000 BEI GR 0.65
IBERDROLA SA Foreign StockES0144580Y14 IBE SM 0.65
CHUGOKU ELECTRIC POWER CO INC/ Foreign StockJP3522200009 9504 JP 0.65
GEBERIT AG Foreign StockCH0030170408 GEBN SW 0.65
JAPAN TOBACCO INC Foreign StockJP3726800000 2914 JP 0.64
POWER ASSETS HOLDINGS LTD Foreign StockHK0006000050 6 HK 0.64
TELENOR ASA Foreign StockNO0010063308 TEL NO 0.64
DIAGEO PLC Foreign StockGB0002374006 DGE LN 0.62
GJENSIDIGE FORSIKRING ASA Foreign StockNO0010582521 GJF NO 0.62
SCHINDLER HOLDING AG Foreign StockCH0024638196 SCHP SW 0.61
INDUSTRIVARDEN AB Foreign StockSE0000107203 INDUC SS 0.61
HKT TRUST & HKT LTD Foreign StockHK0000093390 6823 HK 0.60
LOREAL SA Foreign StockFR0000120321 OR FP 0.60
SINGAPORE TECHNOLOGIES ENGINEE Foreign StockSG1F60858221 STE SP 0.60
OVERSEA-CHINESE BANKING CORP L Foreign StockSG1S04926220 OCBC SP 0.59
NATIONAL AUSTRALIA BANK LTD Foreign StockAU000000NAB4 NAB AU 0.59
HEINEKEN NV Foreign StockNL0000009165 HEIA NA 0.59
INVESTOR AB Foreign StockSE0000107419 INVEB SS 0.59
KERRY GROUP PLC Foreign StockIE0004906560 KYG ID 0.59
HENKEL AG & CO KGAA Foreign StockDE0006048408 HEN GR 0.58
VONOVIA SE Foreign StockDE000A1ML7J1 VNA GR 0.58
VIVENDI SA Foreign StockFR0000127771 VIV FP 0.58
TELIA CO AB Foreign StockSE0000667925 TELIA SS 0.58
HENKEL AG & CO KGAA Preferred StockDE0006048432 HEN3 GR 0.58
ALSTOM SA Foreign StockFR0010220475 ALO FP 0.58
CARLSBERG AS Foreign StockDK0010181759 CARLB DC 0.58
HEINEKEN HOLDING NV Foreign StockNL0000008977 HEIO NA 0.57
TERNA RETE ELETTRICA NAZIONALE Foreign StockIT0003242622 TRN IM 0.57
SPIRAX-SARCO ENGINEERING PLC Foreign StockGB00BWFGQN14 SPX LN 0.57
BARRY CALLEBAUT AG Foreign StockCH0009002962 BARN SW 0.57
DEUTSCHE WOHNEN SE Foreign StockDE000A0HN5C6 DWNI GR 0.57
NATIONAL GRID PLC Foreign StockGB00BDR05C01 NG/ LN 0.57
MCDONALDS HOLDINGS CO JAPAN L Foreign StockJP3750500005 2702 JP 0.56
SONIC HEALTHCARE LTD Foreign StockAU000000SHL7 SHL AU 0.56
WESTPAC BANKING CORP Foreign StockAU000000WBC1 WBC AU 0.56
BRIDGESTONE CORP Foreign StockJP3830800003 5108 JP 0.56
LEGRAND SA Foreign StockFR0010307819 LR FP 0.56
SINGAPORE TELECOMMUNICATIONS L Foreign StockSG1T75931496 ST SP 0.56
TOKYO GAS CO LTD Foreign StockJP3573000001 9531 JP 0.56
DBS GROUP HOLDINGS LTD Foreign StockSG1L01001701 DBS SP 0.56
LEG IMMOBILIEN AG Foreign StockDE000LEG1110 LEG GR 0.55
MERCK KGAA Foreign StockDE0006599905 MRK GR 0.55
UNITED OVERSEAS BANK LTD Foreign StockSG1M31001969 UOB SP 0.55
JARDINE MATHESON HOLDINGS LTD Foreign StockBMG507361001 JM SP 0.55
MERCURY NZ LTD Foreign StockNZMRPE0001S2 MCY NZ 0.55
L E LUNDBERGFORETAGEN AB Foreign StockSE0000108847 LUNDB SS 0.55
WM MORRISON SUPERMARKETS PLC Foreign StockGB0006043169 MRW LN 0.54
HALMA PLC Foreign StockGB0004052071 HLMA LN 0.54
CHECK POINT SOFTWARE TECHNOLOG Foreign StockIL0010824113 CHKP US 0.54
SOFINA SA Foreign StockBE0003717312 SOF BB 0.54
NOVARTIS AG Foreign StockCH0012005267 NOVN SW 0.53
BRAMBLES LTD Foreign StockAU000000BXB1 BXB AU 0.53
SUNCORP GROUP LTD Foreign StockAU000000SUN6 SUN AU 0.53
NIPPON TELEGRAPH & TELEPHONE C Foreign StockJP3735400008 9432 JP 0.53
UOL GROUP LTD Foreign StockSG1S83002349 UOL SP 0.52
HANG SENG BANK LTD Foreign StockHK0011000095 11 HK 0.52
MIZUHO FINANCIAL GROUP INC Foreign StockJP3885780001 8411 JP 0.52
DEUTSCHE TELEKOM AG Foreign StockDE0005557508 DTE GR 0.52
PERNOD RICARD SA Foreign StockFR0000120693 RI FP 0.52
WILMAR INTERNATIONAL LTD Foreign StockSG1T56930848 WIL SP 0.52
BUREAU VERITAS SA Foreign StockFR0006174348 BVI FP 0.51
LINK REIT Foreign StockHK0823032773 823 HK 0.51
JARDINE STRATEGIC HOLDINGS LTD Foreign StockBMG507641022 JS SP 0.51
RINNAI CORP Foreign StockJP3977400005 5947 JP 0.51
MERIDIAN ENERGY LTD Foreign StockNZMELE0002S7 MEL NZ 0.51
DANONE SA Foreign StockFR0000120644 BN FP 0.51
ROCHE HOLDING AG Foreign StockCH0012032048 ROG SW 0.50
TOYOTA MOTOR CORP Foreign StockJP3633400001 7203 JP 0.50
JAPAN POST HOLDINGS CO LTD Foreign StockJP3752900005 6178 JP 0.50
OSAKA GAS CO LTD Foreign StockJP3180400008 9532 JP 0.50
JAPAN POST BANK CO LTD Foreign StockJP3946750001 7182 JP 0.50
NAGOYA RAILROAD CO LTD Foreign StockJP3649800004 9048 JP 0.50
SECURITAS AB Foreign StockSE0000163594 SECUB SS 0.49
HONGKONG LAND HOLDINGS LTD Foreign StockBMG4587L1090 HKL SP 0.49
SINGAPORE AIRLINES LTD Foreign StockSG1V61937297 SIA SP 0.49
HANG LUNG PROPERTIES LTD Foreign StockHK0101000591 101 HK 0.49
RED ELECTRICA CORP SA Foreign StockES0173093024 REE SM 0.49
SPARK NEW ZEALAND LTD Foreign StockNZTELE0001S4 SPK NZ 0.48
COCA-COLA EUROPEAN PARTNERS PL Foreign StockGB00BDCPN049 CCEP US 0.48
DEXUS Foreign StockAU000000DXS1 DXS AU 0.48
SEVEN & I HOLDINGS CO LTD Foreign StockJP3422950000 3382 JP 0.48
AJINOMOTO CO INC Foreign StockJP3119600009 2802 JP 0.48
EXPERIAN PLC Foreign StockGB00B19NLV48 EXPN LN 0.47
BANK LEUMI LE-ISRAEL BM Foreign StockIL0006046119 LUMI IT 0.47
ZURICH INSURANCE GROUP AG Foreign StockCH0011075394 ZURN SW 0.47
SEVERN TRENT PLC Foreign StockGB00B1FH8J72 SVT LN 0.47
SUNTORY BEVERAGE & FOOD LTD Foreign StockJP3336560002 2587 JP 0.46
SANOFI Foreign StockFR0000120578 SAN FP 0.46
MIZRAHI TEFAHOT BANK LTD Foreign StockIL0006954379 MZTF IT 0.46
ESSITY AB Foreign StockSE0009922164 ESSITYB SS 0.46
BANK HAPOALIM BM Foreign StockIL0006625771 POLI IT 0.46
MEDIBANK PVT LTD Foreign StockAU000000MPL3 MPL AU 0.46
SNAM SPA Foreign StockIT0003153415 SRG IM 0.45
NIPPON PROLOGIS REIT INC Foreign StockJP3047550003 3283 JP 0.45
ETABLISSEMENTS FRANZ COLRUYT N Foreign StockBE0974256852 COLR BB 0.45
ORIENTAL LAND CO LTD/JAPAN Foreign StockJP3198900007 4661 JP 0.44
ORANGE SA Foreign StockFR0000133308 ORA FP 0.44
MITSUBISHI CORP Foreign StockJP3898400001 8058 JP 0.44
RELX PLC Foreign StockGB00B2B0DG97 REL LN 0.44
THALES SA Foreign StockFR0000121329 HO FP 0.44
KONINKLIJKE VOPAK NV Foreign StockNL0009432491 VPK NA 0.43
MEIJI HOLDINGS CO LTD Foreign StockJP3918000005 2269 JP 0.43
ASSICURAZIONI GENERALI SPA Foreign StockIT0000062072 G IM 0.43
ASCENDAS REAL ESTATE INVESTMEN Foreign StockSG1M77906915 AREIT SP 0.43
GLAXOSMITHKLINE PLC Foreign StockGB0009252882 GSK LN 0.43
DIRECT LINE INSURANCE GROUP PL Foreign StockGB00BY9D0Y18 DLG LN 0.43
CSL LTD Foreign StockAU000000CSL8 CSL AU 0.43
SUN HUNG KAI PROPERTIES LTD Foreign StockHK0016000132 16 HK 0.43
HENDERSON LAND DEVELOPMENT CO Foreign StockHK0012000102 12 HK 0.43
HSBC HOLDINGS PLC Foreign StockGB0005405286 HSBA LN 0.42
TESCO PLC Foreign StockGB0008847096 TSCO LN 0.42
BANK OF EAST ASIA LTD/THE Foreign StockHK0023000190 23 HK 0.41
INSURANCE AUSTRALIA GROUP LTD Foreign StockAU000000IAG3 IAG AU 0.41
BALOISE HOLDING AG Foreign StockCH0012410517 BALN SW 0.41
CAPITALAND LTD Foreign StockSG1J27887962 CAPL SP 0.40
SEKISUI HOUSE LTD Foreign StockJP3420600003 1928 JP 0.39
TOYO SUISAN KAISHA LTD Foreign StockJP3613000003 2875 JP 0.39
CK INFRASTRUCTURE HOLDINGS LTD Foreign StockBMG2178K1009 1038 HK 0.39
TOHOKU ELECTRIC POWER CO INC Foreign StockJP3605400005 9506 JP 0.39
SINO LAND CO LTD Foreign StockHK0083000502 83 HK 0.38
EAST JAPAN RAILWAY CO Foreign StockJP3783600004 9020 JP 0.38
TELSTRA CORP LTD Foreign StockAU000000TLS2 TLS AU 0.38
CK HUTCHISON HOLDINGS LTD Foreign StockKYG217651051 1 HK 0.38
AGL ENERGY LTD Foreign StockAU000000AGL7 AGL AU 0.37
ELBIT SYSTEMS LTD Foreign StockIL0010811243 ESLT IT 0.37
BOC HONG KONG HOLDINGS LTD Foreign StockHK2388011192 2388 HK 0.37
KDDI CORP Foreign StockJP3496400007 9433 JP 0.36
CANON INC Foreign StockJP3242800005 7751 JP 0.36
ISRAEL DISCOUNT BANK LTD Foreign StockIL0006912120 DSCT IT 0.36
DEUTSCHE BOERSE AG Foreign StockDE0005810055 DB1 GR 0.36
ICADE Foreign StockFR0000035081 ICAD FP 0.36
CENTRAL JAPAN RAILWAY CO Foreign StockJP3566800003 9022 JP 0.33
CK ASSET HOLDINGS LTD Foreign StockKYG2177B1014 1113 HK 0.33
KYUSHU RAILWAY CO Foreign StockJP3247010006 9142 JP 0.32
WEST JAPAN RAILWAY CO Foreign StockJP3659000008 9021 JP 0.32
KEIHAN HOLDINGS CO LTD Foreign StockJP3279400000 9045 JP 0.32
Currency Security 0.27

As at: 23 October 2020
Holdings are subject to change

97.88%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 2.80% (as at 23 Oct 2020)

RWXTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$1.82550$1.47950$0.34600---$0.37346$0.63153$0.45925$0.06026
2020 +$0.42150$0.42150--------
24-Sep$0.15050$0.15050--------
24-Jun$0.15050$0.15050--------
25-Mar$0.12050$0.12050--------
2019 +$0.81740$0.47240$0.34500---$0.33272$0.39329$0.10372$0.01233
30-Dec$0.34500-$0.34500---$0.14043$0.16599$0.04378$0.00520
23-Dec$0.12050$0.12050----$0.04905$0.05798$0.01529$0.00182
24-Sep$0.12050$0.12050----$0.04905$0.05798$0.01529$0.00182
24-Jun$0.12050$0.12050----$0.04905$0.05798$0.01529$0.00182
25-Mar$0.11090$0.11090----$0.04514$0.05336$0.01407$0.00167
2018 +$0.48350$0.48350----$0.04074$0.23802$0.24086$0.03614
21-Dec$0.12440$0.12440----$0.01048$0.06124$0.06197$0.00930
24-Sep$0.12440$0.12440----$0.01048$0.06124$0.06197$0.00930
25-Jun$0.12440$0.12440----$0.01048$0.06124$0.06197$0.00930
23-Mar$0.11030$0.11030----$0.00930$0.05430$0.05495$0.00824
2017 +$0.10310$0.10210$0.00100----$0.00022$0.11467$0.01179
28-Dec$0.00100-$0.00100-----$0.00111$0.00011
28-Dec$0.10210$0.10210-----$0.00022$0.11356$0.01168

(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

Documents

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 International Low Risk Weighted ETF (CAD Hedged) please click here