CI First Asset MSCI International Low Risk Weighted ETF (the "Fund") has been designed to replicate, to the extent possible, the performance of the MSCI EAFE Risk Weighted Top 175 Index Hedged to CAD (the "Index"), net of expenses.
The MSCI EAFE Risk Weighted Top 175 Index is based on a traditional market capitalization weighted parent index, the MSCI EAFE Index, which includes large- and mid-capitalization stocks across 21 Developed Markets (DM) excluding the U.S. and Canada. 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 MSCI EAFE Risk Weighted Top 175 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.
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 Fund attributable to the Units will be hedged back to the Canadian dollar.
|As at: 30 Jun 2019 - Benchmark: MSCI EAFE NR Index|
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.
|Number of Securities||174|
|As at 28 Jun, 2019|
Index Risk Return Measures
|Time period: 11/30/-0001 to 06/28/2019||Index||Benchmark|
|Return (% annualized)||8.35||4.05|
|As at 28 Jun, 2019|
Index: MSCI EAFE Risk Weighted Top 175 Index
Benchmark: MSCI EAFE NR Index (CAD Hedged)
Twelve month trailing distribution yield : 2.15% (as at 19 Jul 2019)
|RWX||Total||Cash||Reinvested||Eligible dividends||Non eligible dividends||Other income||Capital Gains||Return of capital||Foreign Income||Foreign tax paid|
(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.
Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on themTo access the SEDAR filings of CI First Asset MSCI International Low Risk Weighted ETF (CAD Hedged) please click here