CI First Asset Morningstar International Momentum Index ETF (Unhedged)

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® Developed Markets ex-North America Target Momentum IndexTM (the "Index"), net of expenses. The Fund invests in equity securities of the largest and most liquid issuers from countries classified by Morningstar as developed markets, excluding the U.S. and Canada, based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to issuers from developed markets, excluding the U.S. and Canada, which have demonstrated, among other things, positive momentum in earnings and price. 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
  • want to receive regular quarterly cash flows (if any)
  • Can tolerate medium risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
ZXM.B 4.73%16.26%6.16%7.93%16.95%5.09%8.48%8.48%7.06%11.21%
Benchmark0.64%6.49%-6.15%-6.29%0.30%-0.74%2.96%5.37%2.70%5.85%
As at: 31 Jul 2020 - Benchmark: MSCI EAFE NR Index (Unhedged)

 

Historical NAVs

Sector Breakdown

As at July 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 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 Securities199
Price/Earnings Ratio19.46
Price/Book Ratio3.71
As at 31 Jul, 2020

Index Risk Return Measures

Time period: 12/15/2000 to 07/31/2020IndexBenchmark
Return (% annualized)11.743.59
Std Dev13.8912.89
Beta0.931.00
Sharpe0.720.19
Sortino Ratio1.080.25
Up Capture113.79100.00
Down Capture69.31100.00
As at 31 Jul, 2020
Index: Morningstar® Developed Markets ex-North America Target Momentum Index (Unhedged)
Benchmark: MSCI EAFE GR Index (Unhedged)
Loading...

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 0.98% (as at 11 Aug 2020)

ZXM.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.17620$1.81100$1.36520--$0.01238$0.87440$0.17010$2.25456$0.27764
2020 +$0.14240$0.14240--------
24-Jun$0.07120$0.07120--------
25-Mar$0.07120$0.07120--------
2019 +$0.62920$0.38920$0.24000-----$0.73008$0.10088
30-Dec$0.24000-$0.24000-----$0.27848$0.03848
23-Dec$0.10080$0.10080------$0.11696$0.01616
24-Sep$0.10080$0.10080------$0.11696$0.01616
24-Jun$0.09380$0.09380------$0.10884$0.01504
25-Mar$0.09380$0.09380------$0.10884$0.01504
2018 +$1.29100$0.38900$0.90200---$0.87440-$0.48484$0.06824
28-Dec$0.90200-$0.90200---$0.61093-$0.33876$0.04769
21-Dec$0.10790$0.10790----$0.07308-$0.04052$0.00570
24-Sep$0.10790$0.10790----$0.07308-$0.04052$0.00570
25-Jun$0.10790$0.10790----$0.07308-$0.04052$0.00570
23-Mar$0.06530$0.06530----$0.04423-$0.02452$0.00345
2017 +$0.37480$0.27480$0.10000----$0.00920$0.41989$0.05429
28-Dec$0.06150$0.06150-----$0.00151$0.06890$0.00891
28-Dec$0.10000-$0.10000----$0.00245$0.11203$0.01448
28-Sep$0.06150$0.06150-----$0.00151$0.06890$0.00891
29-Jun$0.07110$0.07110-----$0.00175$0.07965$0.01030
30-Mar$0.08070$0.08070-----$0.00198$0.09041$0.01169
2016 +$0.42340$0.30020$0.12320----$0.00006$0.46683$0.04349
29-Dec$0.12320-$0.12320----$0.00002$0.13584$0.01266
29-Dec$0.07130$0.07130-----$0.00001$0.07861$0.00732
29-Sep$0.07160$0.07160-----$0.00001$0.07895$0.00736
29-Jun$0.07870$0.07870-----$0.00001$0.08677$0.00808
30-Mar$0.07860$0.07860-----$0.00001$0.08666$0.00807
2015 +$0.28960$0.28960-----$0.15719$0.14155$0.00914
30-Dec$0.08580$0.08580-----$0.04657$0.04194$0.00271
29-Sep$0.06710$0.06710-----$0.03642$0.03280$0.00212
29-Jun$0.06770$0.06770-----$0.03675$0.03309$0.00214
30-Mar$0.06900$0.06900-----$0.03745$0.03372$0.00217
2014 +$0.02580$0.02580---$0.01238-$0.00365$0.01137$0.00160
30-Dec$0.02580$0.02580---$0.01238-$0.00365$0.01137$0.00160

(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

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, 2019 - Proxy Voting Record

30 Jun, 2018 - 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 International Momentum Index ETF (Unhedged) please click here