CI First Asset MSCI International Low Risk Weighted ETF (Unhedged)

 Fund Profile  Methodology   Prospectus      

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the MSCI EAFE Risk Weighted Top 175 Index (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 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:

  • want international equity exposure on a currency unhedged 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.B -0.15%0.89%4.22%-9.73%-7.64%0.05%2.13%1.97%
Benchmark-0.15%2.78%12.98%-4.30%1.39%1.22%2.85%3.58%
As at: 30 Sep 2020 - Benchmark: MSCI EAFE NR Index (Unhedged)

 

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)6.673.61
Std Dev9.9812.76
Beta0.601.00
Sharpe0.480.17
Sortino Ratio0.730.24
Up Capture69.75100.00
Down Capture44.98100.00
As at 30 Sep, 2020
Index: MSCI EAFE Risk Weighted Top 175 Index (Unhedged)
Benchmark: MSCI EAFE NR Index (Unhedged)

Number of securities: 173

Asset Allocation

Security Type%
Foreign Stock98.91%
Preferred Stock0.58%
Currency Security0.51%

Holdings

NameSecurity TypeISINTicker %
HK ELECTRIC INVESTMENTS & HK E Foreign StockHK0000179108 2638 HK 1.55
CHOCOLADEFABRIKEN LINDT & SPRU Foreign StockCH0010570767 LISP SW 1.42
GROUPE BRUXELLES LAMBERT SA Foreign StockBE0003797140 GBLB BB 1.16
BANQUE CANTONALE VAUDOISE Foreign StockCH0531751755 BCVN SW 1.08
ASX LTD Foreign StockAU000000ASX7 ASX AU 0.96
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 0.86
MTR CORP LTD Foreign StockHK0066009694 66 HK 0.83
CRODA INTERNATIONAL PLC Foreign StockGB00BJFFLV09 CRDA LN 0.82
NTT DOCOMO INC Foreign StockJP3165650007 9437 JP 0.81
CLP HOLDINGS LTD Foreign StockHK0002007356 2 HK 0.81
PCCW LTD Foreign StockHK0008011667 8 HK 0.81
AUSNET SERVICES Foreign StockAU000000AST5 AST AU 0.80
KUEHNE + NAGEL INTERNATIONAL A Foreign StockCH0025238863 KNIN SW 0.78
UNILEVER PLC Foreign StockGB00B10RZP78 ULVR LN 0.77
UNILEVER NV Foreign StockNL0000388619 UNA NA 0.76
SWISSCOM AG Foreign StockCH0008742519 SCMN SW 0.75
ORKLA ASA Foreign StockNO0003733800 ORK NO 0.75
ADMIRAL GROUP PLC Foreign StockGB00B02J6398 ADM LN 0.74
HONG KONG & CHINA GAS CO LTD Foreign StockHK0003000038 3 HK 0.74
BUNZL PLC Foreign StockGB00B0744B38 BNZL LN 0.72
SWISS PRIME SITE AG Foreign StockCH0008038389 SPSN SW 0.72
KONE OYJ Foreign StockFI0009013403 KNEBV FH 0.72
TRYG A/S Foreign StockDK0060636678 TRYG DC 0.71
EMS-CHEMIE HOLDING AG Foreign StockCH0016440353 EMSN SW 0.71
WESFARMERS LTD Foreign StockAU000000WES1 WES AU 0.71
AIR LIQUIDE SA Foreign StockFR0000120073 AI FP 0.70
SEGRO PLC Foreign StockGB00B5ZN1N88 SGRO LN 0.69
HERMES INTERNATIONAL Foreign StockFR0000052292 RMS FP 0.69
SYMRISE AG Foreign StockDE000SYM9999 SY1 GR 0.67
SECOM CO LTD Foreign StockJP3421800008 9735 JP 0.67
WOLTERS KLUWER NV Foreign StockNL0000395903 WKL NA 0.67
COMMONWEALTH BANK OF AUSTRALIA Foreign StockAU000000CBA7 CBA AU 0.66
SGS SA Foreign StockCH0002497458 SGSN SW 0.66
IBERDROLA SA Foreign StockES0144580Y14 IBE SM 0.66
SCHINDLER HOLDING AG Foreign StockCH0024638212 SCHN SW 0.66
CHUGOKU ELECTRIC POWER CO INC/ Foreign StockJP3522200009 9504 JP 0.65
BEIERSDORF AG Foreign StockDE0005200000 BEI GR 0.65
GEBERIT AG Foreign StockCH0030170408 GEBN SW 0.65
POWER ASSETS HOLDINGS LTD Foreign StockHK0006000050 6 HK 0.65
JAPAN TOBACCO INC Foreign StockJP3726800000 2914 JP 0.64
TELENOR ASA Foreign StockNO0010063308 TEL NO 0.62
GJENSIDIGE FORSIKRING ASA Foreign StockNO0010582521 GJF NO 0.62
DIAGEO PLC Foreign StockGB0002374006 DGE LN 0.62
TELIA CO AB Foreign StockSE0000667925 TELIA SS 0.61
SCHINDLER HOLDING AG Foreign StockCH0024638196 SCHP SW 0.61
HKT TRUST & HKT LTD Foreign StockHK0000093390 6823 HK 0.61
INDUSTRIVARDEN AB Foreign StockSE0000107203 INDUC SS 0.60
VONOVIA SE Foreign StockDE000A1ML7J1 VNA GR 0.60
LOREAL SA Foreign StockFR0000120321 OR FP 0.59
OVERSEA-CHINESE BANKING CORP L Foreign StockSG1S04926220 OCBC SP 0.59
KERRY GROUP PLC Foreign StockIE0004906560 KYG ID 0.59
NATIONAL AUSTRALIA BANK LTD Foreign StockAU000000NAB4 NAB AU 0.59
INVESTOR AB Foreign StockSE0000107419 INVEB SS 0.58
SINGAPORE TECHNOLOGIES ENGINEE Foreign StockSG1F60858221 STE SP 0.58
CARLSBERG AS Foreign StockDK0010181759 CARLB DC 0.58
DEUTSCHE WOHNEN SE Foreign StockDE000A0HN5C6 DWNI GR 0.58
HENKEL AG & CO KGAA Preferred StockDE0006048432 HEN3 GR 0.57
HEINEKEN NV Foreign StockNL0000009165 HEIA NA 0.57
TERNA RETE ELETTRICA NAZIONALE Foreign StockIT0003242622 TRN IM 0.57
BARRY CALLEBAUT AG Foreign StockCH0009002962 BARN SW 0.57
TOKYO GAS CO LTD Foreign StockJP3573000001 9531 JP 0.57
HENKEL AG & CO KGAA Foreign StockDE0006048408 HEN GR 0.57
VIVENDI SA Foreign StockFR0000127771 VIV FP 0.56
ALSTOM SA Foreign StockFR0010220475 ALO FP 0.56
SPIRAX-SARCO ENGINEERING PLC Foreign StockGB00BWFGQN14 SPX LN 0.56
SONIC HEALTHCARE LTD Foreign StockAU000000SHL7 SHL AU 0.56
SINGAPORE TELECOMMUNICATIONS L Foreign StockSG1T75931496 ST SP 0.56
LEG IMMOBILIEN AG Foreign StockDE000LEG1110 LEG GR 0.56
CHECK POINT SOFTWARE TECHNOLOG Foreign StockIL0010824113 CHKP US 0.56
MCDONALDS HOLDINGS CO JAPAN L Foreign StockJP3750500005 2702 JP 0.56
NATIONAL GRID PLC Foreign StockGB00BDR05C01 NG/ LN 0.56
LEGRAND SA Foreign StockFR0010307819 LR FP 0.56
WESTPAC BANKING CORP Foreign StockAU000000WBC1 WBC AU 0.56
HEINEKEN HOLDING NV Foreign StockNL0000008977 HEIO NA 0.56
L E LUNDBERGFORETAGEN AB Foreign StockSE0000108847 LUNDB SS 0.55
DBS GROUP HOLDINGS LTD Foreign StockSG1L01001701 DBS SP 0.55
BRAMBLES LTD Foreign StockAU000000BXB1 BXB AU 0.55
NOVARTIS AG Foreign StockCH0012005267 NOVN SW 0.54
UNITED OVERSEAS BANK LTD Foreign StockSG1M31001969 UOB SP 0.54
MERCURY NZ LTD Foreign StockNZMRPE0001S2 MCY NZ 0.54
SUNCORP GROUP LTD Foreign StockAU000000SUN6 SUN AU 0.54
WILMAR INTERNATIONAL LTD Foreign StockSG1T56930848 WIL SP 0.53
UOL GROUP LTD Foreign StockSG1S83002349 UOL SP 0.53
WM MORRISON SUPERMARKETS PLC Foreign StockGB0006043169 MRW LN 0.53
HALMA PLC Foreign StockGB0004052071 HLMA LN 0.53
DEUTSCHE TELEKOM AG Foreign StockDE0005557508 DTE GR 0.53
SOFINA SA Foreign StockBE0003717312 SOF BB 0.53
DANONE SA Foreign StockFR0000120644 BN FP 0.52
ROCHE HOLDING AG Foreign StockCH0012032048 ROG SW 0.52
NIPPON TELEGRAPH & TELEPHONE C Foreign StockJP3735400008 9432 JP 0.52
JARDINE MATHESON HOLDINGS LTD Foreign StockBMG507361001 JM SP 0.52
BRIDGESTONE CORP Foreign StockJP3830800003 5108 JP 0.52
MERCK KGAA Foreign StockDE0006599905 MRK GR 0.52
RINNAI CORP Foreign StockJP3977400005 5947 JP 0.51
OSAKA GAS CO LTD Foreign StockJP3180400008 9532 JP 0.51
MIZUHO FINANCIAL GROUP INC Foreign StockJP3885780001 8411 JP 0.51
LINK REIT Foreign StockHK0823032773 823 HK 0.51
ESSITY AB Foreign StockSE0009922164 ESSITYB SS 0.50
HONGKONG LAND HOLDINGS LTD Foreign StockBMG4587L1090 HKL SP 0.50
NAGOYA RAILROAD CO LTD Foreign StockJP3649800004 9048 JP 0.50
MERIDIAN ENERGY LTD Foreign StockNZMELE0002S7 MEL NZ 0.50
TOYOTA MOTOR CORP Foreign StockJP3633400001 7203 JP 0.50
HANG LUNG PROPERTIES LTD Foreign StockHK0101000591 101 HK 0.49
JAPAN POST HOLDINGS CO LTD Foreign StockJP3752900005 6178 JP 0.49
PERNOD RICARD SA Foreign StockFR0000120693 RI FP 0.49
JAPAN POST BANK CO LTD Foreign StockJP3946750001 7182 JP 0.49
SPARK NEW ZEALAND LTD Foreign StockNZTELE0001S4 SPK NZ 0.49
SECURITAS AB Foreign StockSE0000163594 SECUB SS 0.49
HANG SENG BANK LTD Foreign StockHK0011000095 11 HK 0.49
EXPERIAN PLC Foreign StockGB00B19NLV48 EXPN LN 0.49
SINGAPORE AIRLINES LTD Foreign StockSG1V61937297 SIA SP 0.49
SEVEN & I HOLDINGS CO LTD Foreign StockJP3422950000 3382 JP 0.48
BUREAU VERITAS SA Foreign StockFR0006174348 BVI FP 0.48
RED ELECTRICA CORP SA Foreign StockES0173093024 REE SM 0.48
AJINOMOTO CO INC Foreign StockJP3119600009 2802 JP 0.48
JARDINE STRATEGIC HOLDINGS LTD Foreign StockBMG507641022 JS SP 0.48
SANOFI Foreign StockFR0000120578 SAN FP 0.47
MEDIBANK PVT LTD Foreign StockAU000000MPL3 MPL AU 0.46
DEXUS Foreign StockAU000000DXS1 DXS AU 0.46
SUNTORY BEVERAGE & FOOD LTD Foreign StockJP3336560002 2587 JP 0.46
BANK LEUMI LE-ISRAEL BM Foreign StockIL0006046119 LUMI IT 0.46
ZURICH INSURANCE GROUP AG Foreign StockCH0011075394 ZURN SW 0.46
COCA-COLA EUROPEAN PARTNERS PL Foreign StockGB00BDCPN049 CCEP US 0.46
SEVERN TRENT PLC Foreign StockGB00B1FH8J72 SVT LN 0.46
NIPPON PROLOGIS REIT INC Foreign StockJP3047550003 3283 JP 0.45
COLRUYT SA Foreign StockBE0974256852 COLR BB 0.45
SNAM SPA Foreign StockIT0003153415 SRG IM 0.45
ASCENDAS REAL ESTATE INVESTMEN Foreign StockSG1M77906915 AREIT SP 0.45
BANK HAPOALIM BM Foreign StockIL0006625771 POLI IT 0.45
RELX PLC Foreign StockGB00B2B0DG97 REL LN 0.45
GLAXOSMITHKLINE PLC Foreign StockGB0009252882 GSK LN 0.44
MIZRAHI TEFAHOT BANK LTD Foreign StockIL0006954379 MZTF IT 0.44
MITSUBISHI CORP Foreign StockJP3898400001 8058 JP 0.44
CSL LTD Foreign StockAU000000CSL8 CSL AU 0.44
KONINKLIJKE VOPAK NV Foreign StockNL0009432491 VPK NA 0.44
THALES SA Foreign StockFR0000121329 HO FP 0.44
MEIJI HOLDINGS CO LTD Foreign StockJP3918000005 2269 JP 0.44
ORANGE SA Foreign StockFR0000133308 ORA FP 0.43
ORIENTAL LAND CO LTD/JAPAN Foreign StockJP3198900007 4661 JP 0.43
ASSICURAZIONI GENERALI SPA Foreign StockIT0000062072 G IM 0.43
SUN HUNG KAI PROPERTIES LTD Foreign StockHK0016000132 16 HK 0.43
HENDERSON LAND DEVELOPMENT CO Foreign StockHK0012000102 12 HK 0.42
DIRECT LINE INSURANCE GROUP PL Foreign StockGB00BY9D0Y18 DLG LN 0.42
CAPITALAND LTD Foreign StockSG1J27887962 CAPL SP 0.41
INSURANCE AUSTRALIA GROUP LTD Foreign StockAU000000IAG3 IAG AU 0.41
BANK OF EAST ASIA LTD/THE Foreign StockHK0023000190 23 HK 0.41
TESCO PLC Foreign StockGB0008847096 TSCO LN 0.41
BALOISE HOLDING AG Foreign StockCH0012410517 BALN SW 0.40
HSBC HOLDINGS PLC Foreign StockGB0005405286 HSBA LN 0.40
EAST JAPAN RAILWAY CO Foreign StockJP3783600004 9020 JP 0.40
SEKISUI HOUSE LTD Foreign StockJP3420600003 1928 JP 0.40
TOYO SUISAN KAISHA LTD Foreign StockJP3613000003 2875 JP 0.40
TELSTRA CORP LTD Foreign StockAU000000TLS2 TLS AU 0.39
TOHOKU ELECTRIC POWER CO INC Foreign StockJP3605400005 9506 JP 0.39
SINO LAND CO LTD Foreign StockHK0083000502 83 HK 0.38
AGL ENERGY LTD Foreign StockAU000000AGL7 AGL AU 0.38
CK INFRASTRUCTURE HOLDINGS LTD Foreign StockBMG2178K1009 1038 HK 0.38
DEUTSCHE BOERSE AG Foreign StockDE0005810055 DB1 GR 0.38
CK HUTCHISON HOLDINGS LTD Foreign StockKYG217651051 1 HK 0.38
ELBIT SYSTEMS LTD Foreign StockIL0010811243 ESLT IT 0.36
ISRAEL DISCOUNT BANK LTD Foreign StockIL0006912120 DSCT IT 0.36
BOC HONG KONG HOLDINGS LTD Foreign StockHK2388011192 2388 HK 0.36
KDDI CORP Foreign StockJP3496400007 9433 JP 0.36
CENTRAL JAPAN RAILWAY CO Foreign StockJP3566800003 9022 JP 0.35
ICADE Foreign StockFR0000035081 ICAD FP 0.34
CANON INC Foreign StockJP3242800005 7751 JP 0.34
CK ASSET HOLDINGS LTD Foreign StockKYG2177B1014 1113 HK 0.32
WEST JAPAN RAILWAY CO Foreign StockJP3659000008 9021 JP 0.32
KEIHAN HOLDINGS CO LTD Foreign StockJP3279400000 9045 JP 0.32
KYUSHU RAILWAY CO Foreign StockJP3247010006 9142 JP 0.31
Currency Security 0.50

As at: 19 October 2020
Holdings are subject to change

97.92%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 7.65% (as at 19 Oct 2020)

RWX.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$2.56750$2.40250$0.16500---$0.63413$0.13775$0.53482$0.06200
2020 +$1.32280$1.32280--------
24-Sep$1.00000$1.00000--------
24-Jun$0.20140$0.20140--------
25-Mar$0.12140$0.12140--------
2019 +$0.64190$0.47690$0.16500---$0.19147$0.08121$0.41898$0.04976
30-Dec$0.16500-$0.16500---$0.04922$0.02087$0.10770$0.01279
23-Dec$0.12140$0.12140----$0.03621$0.01536$0.07924$0.00941
24-Sep$0.12140$0.12140----$0.03621$0.01536$0.07924$0.00941
24-Jun$0.12140$0.12140----$0.03621$0.01536$0.07924$0.00941
25-Mar$0.11270$0.11270----$0.03362$0.01426$0.07356$0.00874
2018 +$0.49920$0.49920----$0.44266$0.05654--
21-Dec$0.12750$0.12750----$0.11306$0.01444--
24-Sep$0.12750$0.12750----$0.11306$0.01444--
25-Jun$0.12750$0.12750----$0.11306$0.01444--
23-Mar$0.11670$0.11670----$0.10348$0.01322--
2017 +$0.10360$0.10360------$0.11584$0.01224
28-Dec$0.10360$0.10360------$0.11584$0.01224

(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

ETF Facts

22 Apr, 2020 - ETF Facts

Financial Statements

30 Jun, 2020 - Semi-Annual Financial Statements

31 Dec, 2019 - Annual Financial Statements

Management Report of Fund Performance

30 Jun, 2020 - Management Report of Fund Performance

31 Dec, 2019 - Annual Management Report of Fund Performance

Quarterly Portfolio Disclosure

31 Mar, 2020 - Summary of Investment Portfolio

30 Sep, 2019 - Summary of Investment Portfolio

Proxy Voting Record

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

Independent Review Committee Report to Securityholders

12 Mar, 2020 - Independent Review Committee Report to Securityholders

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 (Unhedged) please click here