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

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the MSCI USA Risk Weighted Top 150 Index (the "Index"), net of expenses. The Index is based on a traditional market capitalization weighted parent index, the MSCI USA Index, which includes US 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 150 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 US 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

 1m3m6mYTD1y2y3y4y5ySI
RWU.B -0.19%2.02%0.94%-2.28%-1.36%8.24%10.37%9.37%10.52%14.20%
Benchmark4.26%8.86%16.12%10.27%19.56%11.97%15.99%14.74%13.98%16.21%
As at: 31 Aug 2020 - Benchmark: S&P 500 Index (Total Return) (Unhedged)

 

Historical NAVs

Sector Breakdown

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.


The S&P 500 Index tracks 500 large-cap U.S. stocks representing all major industries. This index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of the broader U.S. equity market.

Key Facts

Index Characteristics

Number of Securities149
Price/Earnings Ratio27.31
Price/Book Ratio3.64
As at 31 Aug, 2020

Index Risk Return Measures

Time period: 12/31/1998 to 08/31/2020 Index Benchmark
Return (% annualized)7.326.16
Std Dev11.4512.48
Beta0.661.00
Sharpe0.480.37
Sortino Ratio0.730.53
Up Capture71.05100.00
Down Capture52.52100.00
As at 31 Aug, 2020
Index: MSCI USA Risk Weighted Top 150 Index (Unhedged)
Benchmark: S&P 500 TR Index (Unhedged)

Number of securities: 149

Asset Allocation

Security Type%
Foreign Stock99.06%
Common Stock0.90%
Currency Security0.03%

Holdings

NameSecurity TypeISINTicker %
PROCTER & GAMBLE CO/THE Foreign StockUS7427181091 PG US 1.11
WASTE MANAGEMENT INC Foreign StockUS94106L1098 WM US 1.08
VERIZON COMMUNICATIONS INC Foreign StockUS92343V1044 VZ US 1.05
BERKSHIRE HATHAWAY INC Foreign StockUS0846707026 BRK/B US 1.00
COLGATE-PALMOLIVE CO Foreign StockUS1941621039 CL US 0.98
REPUBLIC SERVICES INC Foreign StockUS7607591002 RSG US 0.97
CLOROX CO/THE Foreign StockUS1890541097 CLX US 0.96
HORMEL FOODS CORP Foreign StockUS4404521001 HRL US 0.92
DANAHER CORP Foreign StockUS2358511028 DHR US 0.91
ARCHER-DANIELS-MIDLAND CO Foreign StockUS0394831020 ADM US 0.91
WASTE CONNECTIONS INC Common StockCA94106B1013 WCN US 0.91
MONDELEZ INTERNATIONAL INC Foreign StockUS6092071058 MDLZ US 0.90
VERISK ANALYTICS INC Foreign StockUS92345Y1064 VRSK US 0.89
JOHNSON & JOHNSON Foreign StockUS4781601046 JNJ US 0.88
WALMART INC Foreign StockUS9311421039 WMT US 0.88
MCDONALDS CORP Foreign StockUS5801351017 MCD US 0.87
MICROSOFT CORP Foreign StockUS5949181045 MSFT US 0.87
ROPER TECHNOLOGIES INC Foreign StockUS7766961061 ROP US 0.86
COSTCO WHOLESALE CORP Foreign StockUS22160K1051 COST US 0.86
MERCK & CO INC Foreign StockUS58933Y1055 MRK US 0.86
ROLLINS INC Foreign StockUS7757111049 ROL US 0.85
AIR PRODUCTS AND CHEMICALS INC Foreign StockUS0091581068 APD US 0.84
ERIE INDEMNITY CO Foreign StockUS29530P1021 ERIE US 0.83
ORACLE CORP Foreign StockUS68389X1054 ORCL US 0.82
CH ROBINSON WORLDWIDE INC Foreign StockUS12541W2098 CHRW US 0.82
INTERCONTINENTAL EXCHANGE INC Foreign StockUS45866F1049 ICE US 0.81
THERMO FISHER SCIENTIFIC INC Foreign StockUS8835561023 TMO US 0.81
PUBLIC STORAGE Foreign StockUS74460D1090 PSA US 0.81
CHURCH & DWIGHT CO INC Foreign StockUS1713401024 CHD US 0.81
IDEX CORP Foreign StockUS45167R1041 IEX US 0.79
PROGRESSIVE CORP/THE Foreign StockUS7433151039 PGR US 0.77
ACCENTURE PLC Foreign StockIE00B4BNMY34 ACN US 0.77
PEPSICO INC Foreign StockUS7134481081 PEP US 0.76
METTLER-TOLEDO INTERNATIONAL I Foreign StockUS5926881054 MTD US 0.75
NEXTERA ENERGY INC Foreign StockUS65339F1012 NEE US 0.75
KIMBERLY-CLARK CORP Foreign StockUS4943681035 KMB US 0.75
TEXAS INSTRUMENTS INC Foreign StockUS8825081040 TXN US 0.75
ADOBE INC Foreign StockUS00724F1012 ADBE US 0.75
COMCAST CORP Foreign StockUS20030N1019 CMCSA US 0.75
HERSHEY CO/THE Foreign StockUS4278661081 HSY US 0.74
CONSOLIDATED EDISON INC Foreign StockUS2091151041 ED US 0.74
COCA-COLA CO/THE Foreign StockUS1912161007 KO US 0.74
TYLER TECHNOLOGIES INC Foreign StockUS9022521051 TYL US 0.73
ATMOS ENERGY CORP Foreign StockUS0495601058 ATO US 0.72
BROWN & BROWN INC Foreign StockUS1152361010 BRO US 0.72
BAXTER INTERNATIONAL INC Foreign StockUS0718131099 BAX US 0.72
LINDE PLC Foreign StockIE00BZ12WP82 LIN US 0.72
VISA INC Foreign StockUS92826C8394 V US 0.72
PERKINELMER INC Foreign StockUS7140461093 PKI US 0.71
PFIZER INC Foreign StockUS7170811035 PFE US 0.71
DOMINION ENERGY INC Foreign StockUS25746U1097 D US 0.70
AGILENT TECHNOLOGIES INC Foreign StockUS00846U1016 A US 0.70
GARMIN LTD Foreign StockCH0114405324 GRMN US 0.69
FIDELITY NATIONAL INFORMATION Foreign StockUS31620M1062 FIS US 0.68
EXPEDITORS INTERNATIONAL OF WA Foreign StockUS3021301094 EXPD US 0.68
WESTERN UNION CO/THE Foreign StockUS9598021098 WU US 0.68
BLACK KNIGHT INC Foreign StockUS09215C1053 BKI US 0.68
ABBOTT LABORATORIES Foreign StockUS0028241000 ABT US 0.68
W R BERKLEY CORP Foreign StockUS0844231029 WRB US 0.68
AMEREN CORP Foreign StockUS0236081024 AEE US 0.68
KELLOGG CO Foreign StockUS4878361082 K US 0.67
MCCORMICK & CO INC/MD Foreign StockUS5797802064 MKC US 0.67
AMETEK INC Foreign StockUS0311001004 AME US 0.67
BROADRIDGE FINANCIAL SOLUTIONS Foreign StockUS11133T1034 BR US 0.66
S&P GLOBAL INC Foreign StockUS78409V1044 SPGI US 0.66
HONEYWELL INTERNATIONAL INC Foreign StockUS4385161066 HON US 0.66
SYNOPSYS INC Foreign StockUS8716071076 SNPS US 0.66
UNION PACIFIC CORP Foreign StockUS9078181081 UNP US 0.66
ZOETIS INC Foreign StockUS98978V1035 ZTS US 0.65
ALPHABET INC-CL C Foreign StockUS02079K1079 GOOG US 0.65
NORTHROP GRUMMAN CORP Foreign StockUS6668071029 NOC US 0.65
CHUBB LTD Foreign StockCH0044328745 CB US 0.65
PPG INDUSTRIES INC Foreign StockUS6935061076 PPG US 0.65
GENERAL MILLS INC Foreign StockUS3703341046 GIS US 0.65
ALPHABET INC-CL A Foreign StockUS02079K3059 GOOGL US 0.65
ARTHUR J GALLAGHER & CO Foreign StockUS3635761097 AJG US 0.65
MAXIM INTEGRATED PRODUCTS INC Foreign StockUS57772K1016 MXIM US 0.65
TRAVELERS COS INC/THE Foreign StockUS89417E1091 TRV US 0.64
CITRIX SYSTEMS INC Foreign StockUS1773761002 CTXS US 0.64
DOLLAR GENERAL CORP Foreign StockUS2566771059 DG US 0.64
AMGEN INC Foreign StockUS0311621009 AMGN US 0.64
MARSH & MCLENNAN COS INC Foreign StockUS5717481023 MMC US 0.64
AMCOR PLC Foreign StockJE00BJ1F3079 AMCR US 0.63
CME GROUP INC Foreign StockUS12572Q1058 CME US 0.63
AMPHENOL CORP Foreign StockUS0320951017 APH US 0.63
STERIS PLC Foreign StockIE00BFY8C754 STE US 0.62
CMS ENERGY CORP Foreign StockUS1258961002 CMS US 0.62
XCEL ENERGY INC Foreign StockUS98389B1008 XEL US 0.62
EXTRA SPACE STORAGE INC Foreign StockUS30225T1025 EXR US 0.62
ALEXANDRIA REAL ESTATE EQUITIE Foreign StockUS0152711091 ARE US 0.62
BALL CORP Foreign StockUS0584981064 BLL US 0.61
ILLINOIS TOOL WORKS INC Foreign StockUS4523081093 ITW US 0.61
PAYCHEX INC Foreign StockUS7043261079 PAYX US 0.61
IHS MARKIT LTD Foreign StockBMG475671050 INFO US 0.60
3M CO Foreign StockUS88579Y1010 MMM US 0.60
J M SMUCKER CO/THE Foreign StockUS8326964058 SJM US 0.60
AMERICAN TOWER CORP Foreign StockUS03027X1000 AMT US 0.60
MEDTRONIC PLC Foreign StockIE00BTN1Y115 MDT US 0.60
FACTSET RESEARCH SYSTEMS INC Foreign StockUS3030751057 FDS US 0.60
BROWN-FORMAN CORP Foreign StockUS1156372096 BF/B US 0.60
BECTON DICKINSON AND CO Foreign StockUS0758871091 BDX US 0.60
WATERS CORP Foreign StockUS9418481035 WAT US 0.60
COOPER COS INC/THE Foreign StockUS2166484020 COO US 0.60
ALLIANT ENERGY CORP Foreign StockUS0188021085 LNT US 0.60
NASDAQ INC Foreign StockUS6311031081 NDAQ US 0.60
EQUINIX INC Foreign StockUS29444U7000 EQIX US 0.59
EMERSON ELECTRIC CO Foreign StockUS2910111044 EMR US 0.59
DUKE REALTY CORP Foreign StockUS2644115055 DRE US 0.59
INGREDION INC Foreign StockUS4571871023 INGR US 0.58
ELI LILLY AND CO Foreign StockUS5324571083 LLY US 0.58
WALT DISNEY CO/THE Foreign StockUS2546871060 DIS US 0.58
LOCKHEED MARTIN CORP Foreign StockUS5398301094 LMT US 0.58
UGI CORP Foreign StockUS9026811052 UGI US 0.57
AMERICAN WATER WORKS CO INC Foreign StockUS0304201033 AWK US 0.57
CABLE ONE INC Foreign StockUS12685J1051 CABO US 0.57
VERISIGN INC Foreign StockUS92343E1029 VRSN US 0.57
AT&T INC Foreign StockUS00206R1023 T US 0.56
FISERV INC Foreign StockUS3377381088 FISV US 0.56
KEURIG DR PEPPER INC Foreign StockUS49271V1008 KDP US 0.56
DUKE ENERGY CORP Foreign StockUS26441C2044 DUK US 0.56
CROWN CASTLE INTERNATIONAL COR Foreign StockUS22822V1017 CCI US 0.56
DIGITAL REALTY TRUST INC Foreign StockUS2538681030 DLR US 0.56
AMERICAN ELECTRIC POWER CO INC Foreign StockUS0255371017 AEP US 0.55
BRISTOL-MYERS SQUIBB CO Foreign StockUS1101221083 BMY US 0.55
LOEWS CORP Foreign StockUS5404241086 L US 0.55
MSCI INC Foreign StockUS55354G1004 MSCI US 0.54
ALTRIA GROUP INC Foreign StockUS02209S1033 MO US 0.54
MASTERCARD INC Foreign StockUS57636Q1040 MA US 0.54
STARBUCKS CORP Foreign StockUS8552441094 SBUX US 0.54
PUBLIC SERVICE ENTERPRISE GROU Foreign StockUS7445731067 PEG US 0.54
WEC ENERGY GROUP INC Foreign StockUS92939U1060 WEC US 0.53
MARKEL CORP Foreign StockUS5705351048 MKL US 0.53
CISCO SYSTEMS INC Foreign StockUS17275R1023 CSCO US 0.53
EXELON CORP Foreign StockUS30161N1019 EXC US 0.51
EVERSOURCE ENERGY Foreign StockUS30040W1080 ES US 0.51
EVEREST RE GROUP LTD Foreign StockBMG3223R1088 RE US 0.50
WILLIS TOWERS WATSON PLC Foreign StockIE00BDB6Q211 WLTW US 0.50
JACK HENRY & ASSOCIATES INC Foreign StockUS4262811015 JKHY US 0.50
ECOLAB INC Foreign StockUS2788651006 ECL US 0.49
NISOURCE INC Foreign StockUS65473P1057 NI US 0.49
ESSENTIAL UTILITIES INC Foreign StockUS29670G1022 WTRG US 0.48
AUTOMATIC DATA PROCESSING INC Foreign StockUS0530151036 ADP US 0.47
AON PLC Foreign StockIE00BLP1HW54 AON US 0.47
OMNICOM GROUP INC Foreign StockUS6819191064 OMC US 0.46
RENAISSANCERE HOLDINGS LTD Foreign StockBMG7496G1033 RNR US 0.46
ALLSTATE CORP/THE Foreign StockUS0200021014 ALL US 0.46
VISTRA CORP Foreign StockUS92840M1027 VST US 0.43
FIRSTENERGY CORP Foreign StockUS3379321074 FE US 0.42
EXXON MOBIL CORP Foreign StockUS30231G1022 XOM US 0.39
Currency Security 0.03

As at: 25 September 2020
Holdings are subject to change

100.1%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 1.44% (as at 25 Sep 2020)

RWU.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$2.91060$1.69230$1.21830---$0.99797$0.10838$1.83553$0.26448
2020 +$0.23320$0.23320--------
24-Sep$0.04840$0.04840--------
24-Jun$0.10740$0.10740--------
25-Mar$0.07740$0.07740--------
2019 +$0.90160$0.30260$0.59900---$0.48367$0.00923$0.46919$0.06049
30-Dec$0.59900-$0.59900---$0.32134$0.00613$0.31172$0.04019
23-Dec$0.07740$0.07740----$0.04152$0.00079$0.04028$0.00519
24-Sep$0.07510$0.07510----$0.04029$0.00077$0.03908$0.00504
24-Jun$0.07510$0.07510----$0.04029$0.00077$0.03908$0.00504
25-Mar$0.07500$0.07500----$0.04023$0.00077$0.03903$0.00503
2018 +$0.31300$0.28700$0.02600----$0.02010$0.34382$0.05092
28-Dec$0.02600-$0.02600-----$0.03038$0.00438
21-Dec$0.07180$0.07180------$0.08390$0.01210
14-Sep$0.09230$0.09230-----$0.00862$0.09845$0.01477
25-Jun$0.06660$0.06660-----$0.00622$0.07104$0.01066
23-Mar$0.05630$0.05630-----$0.00526$0.06005$0.00901
2017 +$0.44030$0.22030$0.22000----$0.00495$0.51206$0.07671
28-Dec$0.22000-$0.22000----$0.00247$0.25586$0.03833
28-Dec$0.05390$0.05390-----$0.00061$0.06268$0.00939
28-Sep$0.05230$0.05230-----$0.00059$0.06082$0.00911
29-Jun$0.05600$0.05600-----$0.00063$0.06513$0.00976
30-Mar$0.05810$0.05810-----$0.00065$0.06757$0.01012
2016 +$0.32260$0.21260$0.11000---$0.13098$0.00007$0.22529$0.03374
29-Dec$0.11000-$0.11000---$0.04466$0.00003$0.07682$0.01151
29-Dec$0.05740$0.05740----$0.02331$0.00001$0.04009$0.00601
29-Sep$0.05190$0.05190----$0.02107$0.00001$0.03624$0.00542
29-Jun$0.05050$0.05050----$0.02050$0.00001$0.03527$0.00528
30-Mar$0.05280$0.05280----$0.02144$0.00001$0.03687$0.00552
2015 +$0.20110$0.20110-----$0.07353$0.14990$0.02233
30-Dec$0.05380$0.05380-----$0.01967$0.04010$0.00597
29-Sep$0.05130$0.05130-----$0.01876$0.03824$0.00570
29-Jun$0.04710$0.04710-----$0.01722$0.03511$0.00523
30-Mar$0.04890$0.04890-----$0.01788$0.03645$0.00543
2014 +$0.49880$0.23550$0.26330---$0.38332$0.00050$0.13527$0.02029
30-Dec$0.26330-$0.26330---$0.20234$0.00027$0.07140$0.01071
30-Dec$0.13150$0.13150----$0.10106$0.00013$0.03566$0.00535
29-Sep$0.04280$0.04280----$0.03289$0.00004$0.01161$0.00174
27-Jun$0.06120$0.06120----$0.04703$0.00006$0.01660$0.00249

(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

23 Oct 2015 CI Financial scoops up ETF provider First Asset Capital The Globe and Mail | Clare O'Hara
21 Jul 2015 Stripping away preconceived notions of fixed income Financial Post | John Pagliacci
30 Sep 2014 A look inside Canada's hottest ETFs Special to the Globe and Mail | Andrew Hallam
18 Jun 2014 First Asset ETFs June Distributions Marketwired
11 Feb 2014 First Asset launches "risk-weighted" equity ETFs Morningstar | Rudy Luukko

Documents

22 Apr, 2020 - ETF Facts

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 USA Low Risk Weighted ETF (Unhedged) please click here