CI First Asset Morningstar Canada Value Index ETF

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Value IndexTM (the "Index"), net of expenses. The Fund invests in equity securities of the largest and most liquid Canadian public issuers based upon proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which are considered to be "good value" based on characteristics like low price to earnings and low price to cash flow ratios. The investment strategy of the Fund is to invest in and hold the constituent securities of the Index.

Investor suitability
For those who:

  • want Canadian equity exposure
  • want to receive regular quarterly cash flows (if any)
  • Can tolerate medium risk

Performance

 1m3m6mYTD1y2y3y4y5ySI
FXM -1.13%2.06%40.33%-7.35%-2.48%0.79%0.59%4.31%4.09%6.35%
Benchmark-2.06%4.73%22.51%-3.09%-0.03%3.46%4.26%5.47%7.16%6.29%
As at: 30 Sep 2020 - Benchmark: S&P/TSX Composite Index (Total Return)

 

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 S&P/TSX Composite Index is a capitalization-weighted index designed to measure market activity of stocks listed on the Toronto Stock Exchange. This index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of broader Canadian equity market.

Key Facts

Index Characteristics

Number of Securities30
Price/Earnings Ratio12.66
Price/Book Ratio1.00
As at 30 Sep, 2020

Index Risk Return Measures

Time period: 12/29/2000 to 09/30/2020 Index Benchmark
Return (% annualized)12.715.78
Std Dev15.6413.57
Beta0.881.00
Sharpe0.730.34
Sortino Ratio1.120.46
Up Capture111.09100.00
Down Capture72.80100.00
As at 30 Sep, 2020
Index: Morningstar® Canada Target Value IndexTM
Benchmark: S&P/TSX Composite TR Index

Number of securities: 30

Asset Allocation

Security Type%
Common Stock92.91%
Foreign Stock7.09%
Currency Security0.01%

Holdings

NameSecurity TypeISINTicker %
LINAMAR CORP Common StockCA53278L1076 LNR CN 3.76
CASCADES INC Common StockCA1469001053 CAS CN 3.68
BAUSCH HEALTH COS INC Foreign StockCA0717341071 BHC CN 3.61
HYDRO ONE LIMITED Common StockCA4488112083 H CN 3.60
CAPITAL POWER CORP Common StockCA14042M1023 CPX CN 3.58
GREAT WEST LIFECO INC Common StockCA39138C1068 GWO CN 3.48
ALTAGAS LTD Common StockCA0213611001 ALA CN 3.48
CANADIAN UTILITIES LTD Common StockCA1367178326 CU CN 3.48
OVINTIV INC Foreign StockUS69047Q1022 OVV CN 3.44
EQUITABLE GROUP INC Common StockCA2945051027 EQB CN 3.44
SEVEN GENERATIONS ENERGY LTD Common StockCA81783Q1054 VII CN 3.41
TRANSCONTINENTAL INC Common StockCA8935781044 TCL/A CN 3.37
POWER CORP CANADA Common StockCA7392391016 POW CN 3.36
IA FINANCIAL CORP INC Common StockCA45075E1043 IAG CN 3.35
EMPIRE CO LTD Common StockCA2918434077 EMP/A CN 3.35
LOBLAW COMPANIES LTD Common StockCA5394811015 L CN 3.34
WESTON (GEORGE) LTD Common StockCA9611485090 WN CN 3.34
DUNDEE PRECIOUS METALS INC Common StockCA2652692096 DPM CN 3.31
H&R REIT Common StockCA4039254079 HR-U CN 3.30
ATCO LTD Common StockCA0467894006 ACO/X CN 3.26
KEYERA CORP Common StockCA4932711001 KEY CN 3.23
KINROSS GOLD CORP Common StockCA4969024047 K CN 3.19
CORUS ENTERTAINMENT INC Common StockCA2208741017 CJR/B CN 3.19
MANULIFE FINANCIAL CORP Common StockCA56501R1064 MFC CN 3.18
ENBRIDGE INC Common StockCA29250N1050 ENB CN 3.13
GIBSON ENERGY INC Common StockCA3748252069 GEI CN 3.12
TOREX GOLD RESOURCES INC Common StockCA8910546032 TXG CN 3.04
COGECO COMMUNICATIONS INC Common StockCA19239C1068 CCA CN 2.99
WESTSHORE TERMINALS INVT CORP Common StockCA96145A2002 WTE CN 2.93
CENTERRA GOLD INC Common StockCA1520061021 CG CN 2.55
Currency Security 0.01

As at: 19 October 2020
Holdings are subject to change

99.5%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 2.54% (as at 19 Oct 2020)

FXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$2.97465$2.52385$0.45080$1.69004--$0.82677$0.17814--
2020 +$0.27970$0.27970--------
24-Sep$0.10620$0.10620--------
24-Jun$0.08700$0.08700--------
25-Mar$0.08650$0.08650--------
2019 +$0.31720$0.31720-$0.26299---$0.05421--
23-Dec$0.08650$0.08650-$0.07172---$0.01478--
24-Sep$0.07760$0.07760-$0.06434---$0.01326--
24-Jun$0.07670$0.07670-$0.06359---$0.01311--
25-Mar$0.07640$0.07640-$0.06334---$0.01306--
2018 +$0.32280$0.32280-$0.25132--$0.07148---
21-Dec$0.08620$0.08620-$0.06711--$0.01909---
24-Sep$0.08620$0.08620-$0.06711--$0.01909---
25-Jun$0.07660$0.07660-$0.05964--$0.01696---
23-Mar$0.07380$0.07380-$0.05746--$0.01634---
2017 +$0.31690$0.26690$0.05000$0.31661---$0.00029--
28-Dec$0.05000-$0.05000$0.04995---$0.00005--
28-Dec$0.06860$0.06860-$0.06854---$0.00006--
28-Sep$0.06740$0.06740-$0.06734---$0.00006--
29-Jun$0.06800$0.06800-$0.06794---$0.00006--
30-Mar$0.06290$0.06290-$0.06284---$0.00006--
2016 +$0.26230$0.26230-$0.24814---$0.01416--
29-Dec$0.06470$0.06470-$0.06121---$0.00349--
29-Sep$0.07380$0.07380-$0.06981---$0.00399--
29-Jun$0.07040$0.07040-$0.06660---$0.00380--
30-Mar$0.05340$0.05340-$0.05052---$0.00288--
2015 +$0.27230$0.27230-$0.22954---$0.04276--
30-Dec$0.07770$0.07770-$0.06550---$0.01220--
29-Sep$0.08310$0.08310-$0.07005---$0.01305--
29-Jun$0.05330$0.05330-$0.04493---$0.00837--
30-Mar$0.05820$0.05820-$0.04906---$0.00914--
2014 +$0.72960$0.38160$0.34800$0.19375--$0.53585---
30-Dec$0.34800-$0.34800$0.09241--$0.25559---
30-Dec$0.18310$0.18310-$0.04862--$0.13448---
29-Sep$0.06710$0.06710-$0.01782--$0.04928---
27-Jun$0.06510$0.06510-$0.01729--$0.04781---
28-Mar$0.06630$0.06630-$0.01761--$0.04869---
2013 +$0.29535$0.24255$0.05280$0.07384--$0.21944$0.00207--
30-Dec$0.05280-$0.05280$0.01320--$0.03923$0.00037--
30-Dec$0.06625$0.06625-$0.01656--$0.04922$0.00047--
27-Sep$0.06000$0.06000-$0.01500--$0.04458$0.00042--
27-Jun$0.06000$0.06000-$0.01500--$0.04458$0.00042--
27-Mar$0.05630$0.05630-$0.01408--$0.04183$0.00039--
2012 +$0.17850$0.17850-$0.11385---$0.06465--
28-Dec$0.05630$0.05630-$0.03591---$0.02039--
27-Sep$0.04700$0.04700-$0.02998---$0.01702--
30-Jun$0.05000$0.05000-$0.03189---$0.01811--
29-Mar$0.02520$0.02520-$0.01607---$0.00913--

(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
23 Jan 2015 Welcome to The Globe and Mail ETF Buyer's Guide - 2015 edition The Globe and Mail | Rob Carrick
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
15 May 2014 There’s no debating the intelligence of “smart beta” Your Guide to ETF Investing
13 May 2014 Behind the Scenes with Smart Beta www.wealthprofessional.ca
5 May 2014 Taming Wild Currency Plays www.wealthprofessional.ca
14 Apr 2014 Fifteen top Canadian equity funds The Globe and Mail | Jacqueline Nelson
19 Mar 2014 First Asset ETFs March Distributions Marketwired
14 Mar 2014 Understanding factor-indexed ETFs ADVISOR.CA
10 Dec 2013 Intelligent indexing puts a new spin on ETF investing Special to Financial Post
31 Oct 2013 Momentum's momentum ... and Momentum in value! ETF Insight | Yves Rebetez
17 Oct 2013 Scouring for ETFs that mix growth, value The Globe and Mail | Ian McGugan
13 Sep 2013 Don't buy exchange-traded funds blindly Richmond News
27 Jun 2013 A value hunter's guide to Canadian stocks Globe Investor | Ian McGugan
17 Jun 2013 20 stocks that satisfy hunger for dividend yield, taste for growth The Globe and Mail | Ian McGugan
19 Mar 2013 First Asset ETFs Deliver Top Results Marketwired
1 Dec 2012 Fixed-income ETFs hit the sweet spot Investment Executive | Dwarka Lakhan
30 Nov 2012 5 myths about exchange traded funds Financial Post | David Pett
14 Mar 2012 Don't take your ETF's yield at face value Morningstar | John Gabriel
12 Mar 2012 XTF Insight: Convertible bond exchange-traded funds show potential in diversified portfolios Financial Post | Postmedia for XTF | Barry Gordon
7 Mar 2012 Are ETFs bought, rather than sold? Financial Post | Jonathan Chevreau
5 Mar 2012 XTF Insight: Hedging your bets with ETFs Financial Post | Postmedia for XTF
23 Feb 2012 Sizing up the new kid on the block Morningstar | John Gabriel
17 Feb 2012 More room to grow for Canadian ETFs Financial Post | David Pett
16 Feb 2012 Inside Morningstar's New Strategy Indexes Canadian Couch Potato | Dan Bortolotti
13 Feb 2012 How ETFs Have Evolved ETF TRENDS | John Spence
13 Feb 2012 XTF Insight: The evolution of ETFs Financial Post | Postmedia for XTF | Barry Gordon
8 Feb 2012 ETFs spurring shift to fee-based advice The Globe and Mail | John Heinzl
6 Feb 2012 Two new 'intelligent index' funds to begin trading Financial Post | Jonathan Chevreau
6 Feb 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
31 Jan 2012 XTF to launch seven ETFs that track Morningstar indices Investment Executive | Megan Harman
31 Jan 2012 Seven new ETFs from XTF Capital will be based on Morningstar indexes Toronto Star | Morningstar | Rudy Luukko
30 Jan 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
20 Jan 2012 ETF firms take aim at advisors Investment Executive | Megan Harman

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 Morningstar Canada Value Index ETF please click here