CI First Asset Morningstar International Value Index ETF (CAD Hedged)

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® Developed Markets ex-North America Target Value 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 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. 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.

Investor suitability
For those who:

  • want international equity exposure on a CAD hedged basis
  • want to receive regular quarterly cash flows (if any)
  • Can tolerate medium to high risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
VXM 2.82%10.14%11.04%-14.48%-14.48%0.15%-5.39%1.19%2.48%3.00%
Benchmark2.53%11.45%12.84%0.50%0.50%11.32%3.66%6.72%6.54%6.36%
As at: 31 Dec 2020 - Benchmark: MSCI EAFE NR Index

 

Historical NAVs

Sector Breakdown

As at December 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 Securities200
Price/Earnings Ratio9.45
Price/Book Ratio0.63
As at 31 Dec, 2020

Index Risk Return Measures

Time period: 12/29/2000 to 12/31/2020 Index Benchmark
Return (% annualized)9.153.45
Std Dev17.9814.49
Beta1.131.00
Sharpe0.480.18
Sortino Ratio0.660.24
Up Capture126.25100.00
Down Capture100.55100.00
As at 31 Dec, 2020
Index: Morningstar® Developed Markets ex-North America Target Value Index
Benchmark: MSCI EAFE NR Index (CAD Hedged)

Number of securities: 200

Asset Allocation

Security Type%
Foreign Stock99.99%
Currency Security0.01%

Holdings

NameSecurity TypeISINTicker %
JUST GROUP PLC Foreign StockGB00BCRX1J15 JUST LN 0.69
DAIWABO HOLDINGS CO LTD Foreign StockJP3505400006 3107 JP 0.65
FERREXPO PLC Foreign StockGB00B1XH2C03 FXPO LN 0.61
GOLDEN AGRI-RESOURCES LTD Foreign StockMU0117U00026 GGR SP 0.60
WILMAR INTERNATIONAL LTD Foreign StockSG1T56930848 WIL SP 0.58
ELECTRIC POWER DEVELOPMENT CO Foreign StockJP3551200003 9513 JP 0.58
CARREFOUR SA Foreign StockFR0000120172 CA FP 0.58
KINTETSU WORLD EXPRESS INC Foreign StockJP3262900008 9375 JP 0.58
HUTCHISON PORT HOLDINGS TRUST Foreign StockSG2D00968206 HPHT SP 0.58
AMBEA AB Foreign StockSE0009663826 AMBEA SS 0.57
MITSUI MINING & SMELTING CO LT Foreign StockJP3888400003 5706 JP 0.57
ISRAEL DISCOUNT BANK LTD Foreign StockIL0006912120 DSCT IT 0.57
IWATANI CORP Foreign StockJP3151600008 8088 JP 0.56
TOKYO ELECTRIC POWER CO HOLDIN Foreign StockJP3585800000 9501 JP 0.56
NOBINA AB Foreign StockSE0007185418 NOBINA SS 0.56
FORTESCUE METALS GROUP LTD Foreign StockAU000000FMG4 FMG AU 0.56
FORTUM OYJ Foreign StockFI0009007132 FORTUM FH 0.55
DRAX GROUP PLC Foreign StockGB00B1VNSX38 DRX LN 0.55
BILFINGER SE Foreign StockDE0005909006 GBF GR 0.54
MEKONOMEN AB Foreign StockSE0002110064 MEKO SS 0.54
ROYAL MAIL PLC Foreign StockGB00BDVZYZ77 RMG LN 0.54
KYUSHU ELECTRIC POWER CO INC Foreign StockJP3246400000 9508 JP 0.54
SHINSEI BANK LTD Foreign StockJP3729000004 8303 JP 0.54
OMV AG Foreign StockAT0000743059 OMV AV 0.54
BETSSON AB Foreign StockSE0014186532 BETSB SS 0.54
DIRECT LINE INSURANCE GROUP PL Foreign StockGB00BY9D0Y18 DLG LN 0.54
KS HOLDINGS CORP Foreign StockJP3277150003 8282 JP 0.54
JARDINE CYCLE & CARRIAGE LTD Foreign StockSG1B51001017 JCNC SP 0.54
T&D HOLDINGS INC Foreign StockJP3539220008 8795 JP 0.53
JAPFA LTD Foreign StockSG1AB9000005 JAP SP 0.53
KANDENKO CO LTD Foreign StockJP3230600003 1942 JP 0.53
NISHIMATSU CONSTRUCTION CO LTD Foreign StockJP3659200004 1820 JP 0.53
KUREHA CORP Foreign StockJP3271600003 4023 JP 0.53
JAPAN POST HOLDINGS CO LTD Foreign StockJP3752900005 6178 JP 0.53
SKANSKA AB Foreign StockSE0000113250 SKAB SS 0.53
UNIPER SE Foreign StockDE000UNSE018 UN01 GR 0.53
KANSAI ELECTRIC POWER CO INC/T Foreign StockJP3228600007 9503 JP 0.52
J SAINSBURY PLC Foreign StockGB00B019KW72 SBRY LN 0.52
KOMERI CO LTD Foreign StockJP3305600003 8218 JP 0.52
AEON FINANCIAL SERVICE CO LTD Foreign StockJP3131400008 8570 JP 0.52
EXOR NV Foreign StockNL0012059018 EXO IM 0.52
SUMITOMO FORESTRY CO LTD Foreign StockJP3409800004 1911 JP 0.52
BONAVA AB Foreign StockSE0008091581 BONAVB SS 0.52
CAPITALAND LTD Foreign StockSG1J27887962 CAPL SP 0.52
BW LPG LTD Foreign StockBMG173841013 BWLPG NO 0.52
PACIFIC INDUSTRIAL CO LTD Foreign StockJP3448400006 7250 JP 0.52
BILIA AB Foreign StockSE0009921588 BILIA SS 0.52
DANSKE BANK A/S Foreign StockDK0010274414 DANSKE DC 0.51
VIENNA INSURANCE GROUP AG WIEN Foreign StockAT0000908504 VIG AV 0.51
ACADEMEDIA AB Foreign StockSE0007897079 ACAD SS 0.51
PUBLICIS GROUPE SA Foreign StockFR0000130577 PUB FP 0.51
NOMURA HOLDINGS INC Foreign StockJP3762600009 8604 JP 0.51
INCITEC PIVOT LTD Foreign StockAU000000IPL1 IPL AU 0.51
HOKKAIDO ELECTRIC POWER CO INC Foreign StockJP3850200001 9509 JP 0.51
FNAC DARTY SA Foreign StockFR0011476928 FNAC FP 0.51
PEUGEOT SA Foreign StockFR0000121501 UG FP 0.51
VSTECS HOLDINGS LTD Foreign StockKYG9400C1116 856 HK 0.51
TOKUYAMA CORP Foreign StockJP3625000009 4043 JP 0.51
NIPPON YUSEN KK Foreign StockJP3753000003 9101 JP 0.51
IMPERIAL BRANDS PLC Foreign StockGB0004544929 IMB LN 0.51
KANEMATSU CORP Foreign StockJP3217100001 8020 JP 0.51
RENGO CO LTD Foreign StockJP3981400009 3941 JP 0.51
ONTEX GROUP NV Foreign StockBE0974276082 ONTEX BB 0.51
CHUBU ELECTRIC POWER CO INC Foreign StockJP3526600006 9502 JP 0.51
SWISS LIFE HOLDING AG Foreign StockCH0014852781 SLHN SW 0.51
FIRST PACIFIC CO LTD Foreign StockBMG348041077 142 HK 0.51
KANEKA CORP Foreign StockJP3215800008 4118 JP 0.51
PACT GROUP HOLDINGS LTD Foreign StockAU000000PGH3 PGH AU 0.51
ASR NEDERLAND NV Foreign StockNL0011872643 ASRNL NA 0.51
ITOCHU CORP Foreign StockJP3143600009 8001 JP 0.51
BPER BANCA Foreign StockIT0000066123 BPE IM 0.51
COMMERZBANK AG Foreign StockDE000CBK1001 CBK GR 0.51
ACS ACTIVIDADES DE CONSTRUCCIO Foreign StockES0167050915 ACS SM 0.51
ARCS CO LTD Foreign StockJP3968600001 9948 JP 0.51
NORITAKE CO LTD/NAGOYA JAPAN Foreign StockJP3763000001 5331 JP 0.51
AVIVA PLC Foreign StockGB0002162385 AV/ LN 0.51
NN GROUP NV Foreign StockNL0010773842 NN NA 0.51
VICAT SA Foreign StockFR0000031775 VCT FP 0.51
DAH SING FINANCIAL HOLDINGS LT Foreign StockHK0440001847 440 HK 0.50
BOLLORE SA Foreign StockFR0000039299 BOL FP 0.50
TESSENDERLO GROUP SA Foreign StockBE0003555639 TESB BB 0.50
BARCLAYS PLC Foreign StockGB0031348658 BARC LN 0.50
EBARA CORP Foreign StockJP3166000004 6361 JP 0.50
TOKYU CONSTRUCTION CO LTD Foreign StockJP3567410000 1720 JP 0.50
WM MORRISON SUPERMARKETS PLC Foreign StockGB0006043169 MRW LN 0.50
MITSUI & CO LTD Foreign StockJP3893600001 8031 JP 0.50
ADEKA CORP Foreign StockJP3114800000 4401 JP 0.50
J-OIL MILLS INC Foreign StockJP3840000008 2613 JP 0.50
DAH SING BANKING GROUP LTD Foreign StockHK2356013600 2356 HK 0.50
DIVERSIFIED GAS & OIL PLC Foreign StockGB00BYX7JT74 DGOC LN 0.50
CEMENTIR HOLDING NV Foreign StockNL0013995087 CEM IM 0.50
KYUDENKO CORP Foreign StockJP3247050002 1959 JP 0.50
WORLEY LTD Foreign StockAU000000WOR2 WOR AU 0.50
MEDIPAL HOLDINGS CORP Foreign StockJP3268950007 7459 JP 0.50
MEBUKI FINANCIAL GROUP INC Foreign StockJP3117700009 7167 JP 0.50
TALANX AG Foreign StockDE000TLX1005 TLX GR 0.50
IIDA GROUP HOLDINGS CO LTD Foreign StockJP3131090007 3291 JP 0.50
KERRY PROPERTIES LTD Foreign StockBMG524401079 683 HK 0.50
HERA SPA Foreign StockIT0001250932 HER IM 0.50
YANLORD LAND GROUP LTD Foreign StockSG1T57930854 YLLG SP 0.50
TAKAMATSU CONSTRUCTION GROUP C Foreign StockJP3457900003 1762 JP 0.50
MARUHA NICHIRO CORP Foreign StockJP3876600002 1333 JP 0.49
INVESTEC PLC Foreign StockGB00B17BBQ50 INVP LN 0.49
UBS GROUP AG Foreign StockCH0244767585 UBSG SW 0.49
MITSUI OSK LINES LTD Foreign StockJP3362700001 9104 JP 0.49
NISSHIN OILLIO GROUP LTD/THE Foreign StockJP3677200002 2602 JP 0.49
TOHOKU ELECTRIC POWER CO INC Foreign StockJP3605400005 9506 JP 0.49
BANCO COMERCIAL PORTUGUES SA Foreign StockPTBCP0AM0015 BCP PL 0.49
MARUZEN SHOWA UNYU CO LTD Foreign StockJP3876000005 9068 JP 0.49
GRUPO CATALANA OCCIDENTE SA Foreign StockES0116920333 GCO SM 0.49
HEIWADO CO LTD Foreign StockJP3834400008 8276 JP 0.49
M&G PLC Foreign StockGB00BKFB1C65 MNG LN 0.49
FURUKAWA CO LTD Foreign StockJP3826800009 5715 JP 0.49
TPR CO LTD Foreign StockJP3542400001 6463 JP 0.49
BT GROUP PLC Foreign StockGB0030913577 BT/A LN 0.49
KONINKLIJKE AHOLD DELHAIZE NV Foreign StockNL0011794037 AD NA 0.49
OKINAWA ELECTRIC POWER CO INC/ Foreign StockJP3194700005 9511 JP 0.49
CHAMPION IRON LTD Foreign StockAU000000CIA2 CIA AU 0.49
DAI-ICHI LIFE HOLDINGS INC Foreign StockJP3476480003 8750 JP 0.49
SEIREN CO LTD Foreign StockJP3413800008 3569 JP 0.49
MACNICA FUJI ELECTRONICS HOLDI Foreign StockJP3862960006 3132 JP 0.49
EDION CORP Foreign StockJP3164470001 2730 JP 0.49
UNITED SUPER MARKETS HOLDINGS Foreign StockJP3949450005 3222 JP 0.49
NCC AB Foreign StockSE0000117970 NCCB SS 0.49
TOYOBO CO LTD Foreign StockJP3619800000 3101 JP 0.49
SUN HUNG KAI PROPERTIES LTD Foreign StockHK0016000132 16 HK 0.49
BAWAG GROUP AG Foreign StockAT0000BAWAG2 BG AV 0.49
OLAM INTERNATIONAL LTD Foreign StockSG1Q75923504 OLAM SP 0.49
ALLIANZ SE Foreign StockDE0008404005 ALV GR 0.49
KANAMOTO CO LTD Foreign StockJP3215200001 9678 JP 0.49
CNP ASSURANCES Foreign StockFR0000120222 CNP FP 0.49
STRABAG SE Foreign StockAT000000STR1 STR AV 0.49
FRESENIUS SE & CO KGAA Foreign StockDE0005785604 FRE GR 0.48
CK HUTCHISON HOLDINGS LTD Foreign StockKYG217651051 1 HK 0.48
COFACE SA Foreign StockFR0010667147 COFA FP 0.48
HOSIDEN CORP Foreign StockJP3845800006 6804 JP 0.48
UNIPOL GRUPPO SPA Foreign StockIT0004810054 UNI IM 0.48
NISHIO RENT ALL CO LTD Foreign StockJP3657500009 9699 JP 0.48
CAIXABANK SA Foreign StockES0140609019 CABK SM 0.48
SENKO GROUP HOLDINGS CO LTD Foreign StockJP3423800006 9069 JP 0.48
BOUYGUES SA Foreign StockFR0000120503 EN FP 0.48
FREENET AG Foreign StockDE000A0Z2ZZ5 FNTN GR 0.48
BNP PARIBAS SA Foreign StockFR0000131104 BNP FP 0.48
GUNMA BANK LTD/THE Foreign StockJP3276400003 8334 JP 0.48
DEUTSCHE TELEKOM AG Foreign StockDE0005557508 DTE GR 0.48
VALOR HOLDINGS CO LTD Foreign StockJP3778400006 9956 JP 0.48
UNICAJA BANCO SA Foreign StockES0180907000 UNI SM 0.48
ASSICURAZIONI GENERALI SPA Foreign StockIT0000062072 G IM 0.48
ORANGE BELGIUM SA Foreign StockBE0003735496 OBEL BB 0.47
WH GROUP LTD Foreign StockKYG960071028 288 HK 0.47
VALIANT HOLDING AG Foreign StockCH0014786500 VATN SW 0.47
TELEVISION FRANCAISE 1 Foreign StockFR0000054900 TFI FP 0.47
UNIPOLSAI ASSICURAZIONI SPA Foreign StockIT0004827447 US IM 0.47
OBAYASHI CORP Foreign StockJP3190000004 1802 JP 0.47
BANCA POPOLARE DI SONDRIO SCPA Foreign StockIT0000784196 BPSO IM 0.47
CHUGOKU ELECTRIC POWER CO INC/ Foreign StockJP3522200009 9504 JP 0.47
NIHON CHOUZAI CO LTD Foreign StockJP3729200000 3341 JP 0.47
CREDIT AGRICOLE SA Foreign StockFR0000045072 ACA FP 0.47
LLOYDS BANKING GROUP PLC Foreign StockGB0008706128 LLOY LN 0.47
MEDIOBANCA BANCA DI CREDITO FI Foreign StockIT0000062957 MB IM 0.47
AURUBIS AG Foreign StockDE0006766504 NDA GR 0.47
POSTE ITALIANE SPA Foreign StockIT0003796171 PST IM 0.47
IYO BANK LTD/THE Foreign StockJP3149600003 8385 JP 0.47
EUTELSAT COMMUNICATIONS SA Foreign StockFR0010221234 ETL FP 0.47
MEDIASET SPA Foreign StockIT0001063210 MS IM 0.47
1&1 DRILLISCH AG Foreign StockDE0005545503 DRI GR 0.47
KYOEI STEEL LTD Foreign StockJP3247400009 5440 JP 0.46
NITTO KOGYO CORP Foreign StockJP3682400001 6651 JP 0.46
BELL FOOD GROUP AG Foreign StockCH0315966322 BELL SW 0.46
BERNER KANTONALBANK AG Foreign StockCH0009691608 BEKN SW 0.46
ORANGE SA Foreign StockFR0000133308 ORA FP 0.46
KOHNAN SHOJI CO LTD Foreign StockJP3283750002 7516 JP 0.46
ELECTRICITE DE FRANCE SA Foreign StockFR0010242511 EDF FP 0.46
OKUWA CO LTD Foreign StockJP3172150009 8217 JP 0.46
77 BANK LTD/THE Foreign StockJP3352000008 8341 JP 0.46
K WAH INTERNATIONAL HOLDINGS L Foreign StockBMG5321P1169 173 HK 0.46
IPSOS Foreign StockFR0000073298 IPS FP 0.46
YAMAGUCHI FINANCIAL GROUP INC Foreign StockJP3935300008 8418 JP 0.45
CREDITO EMILIANO SPA Foreign StockIT0003121677 CE IM 0.45
NORTH PACIFIC BANK LTD Foreign StockJP3843400007 8524 JP 0.45
BAYERISCHE MOTOREN WERKE AG Foreign StockDE0005190003 BMW GR 0.45
TELECOM ITALIA SPA/MILANO Foreign StockIT0003497168 TIT IM 0.45
SANDFIRE RESOURCES LTD Foreign StockAU000000SFR8 SFR AU 0.45
DCM HOLDINGS CO LTD Foreign StockJP3548660004 3050 JP 0.45
AGL ENERGY LTD Foreign StockAU000000AGL7 AGL AU 0.45
MAPFRE SA Foreign StockES0124244E34 MAP SM 0.45
HORNBACH BAUMARKT AG Foreign StockDE0006084403 HBM GR 0.45
HOKUHOKU FINANCIAL GROUP INC Foreign StockJP3842400008 8377 JP 0.45
SKY PERFECT JSAT HOLDINGS INC Foreign StockJP3396350005 9412 JP 0.44
HORNBACH HOLDING AG & CO KGAA Foreign StockDE0006083405 HBH GR 0.44
NOS SGPS SA Foreign StockPTZON0AM0006 NOS PL 0.44
STARTS CORP INC Foreign StockJP3399200009 8850 JP 0.44
SHIGA BANK LTD/THE Foreign StockJP3347600003 8366 JP 0.44
SHIMIZU CORP Foreign StockJP3358800005 1803 JP 0.44
KERRY LOGISTICS NETWORK LTD Foreign StockBMG524181036 636 HK 0.44
ARCLAND SAKAMOTO CO LTD Foreign StockJP3100100001 9842 JP 0.43
LIBERBANK SA Foreign StockES0168675090 LBK SM 0.43
NISHI-NIPPON FINANCIAL HOLDING Foreign StockJP3658850007 7189 JP 0.43
MICRO FOCUS INTERNATIONAL PLC Foreign StockGB00BJ1F4N75 MCRO LN 0.42
AIRTEL AFRICA PLC Foreign StockGB00BKDRYJ47 AAF LN 0.41
Currency Security 0.01

As at: 14 January 2021
Holdings are subject to change

99.72%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 2.17% (as at 14 Jan 2021)

VXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$4.43740$2.64490$1.79250--$0.01495$1.39158$0.24328$2.64028$0.33427
2020 +$0.48160$0.48160--------
23-Dec$0.15790$0.15790--------
24-Sep$0.10790$0.10790--------
24-Jun$0.10790$0.10790--------
25-Mar$0.10790$0.10790--------
2019 +$0.44460$0.39560$0.04900----$0.05899$0.43550$0.04989
30-Dec$0.04900-$0.04900----$0.00650$0.04800$0.00550
23-Dec$0.10790$0.10790-----$0.01432$0.10569$0.01211
24-Sep$0.10560$0.10560-----$0.01401$0.10344$0.01185
24-Jun$0.09420$0.09420-----$0.01250$0.09227$0.01057
25-Mar$0.08790$0.08790-----$0.01166$0.08610$0.00986
2018 +$1.34080$0.45780$0.88300---$0.73078$0.00164$0.71576$0.10736
28-Dec$0.88300-$0.88300---$0.48126$0.00107$0.47137$0.07071
21-Dec$0.12740$0.12740----$0.06944$0.00016$0.06801$0.01020
24-Sep$0.12740$0.12740----$0.06944$0.00016$0.06801$0.01020
25-Jun$0.12740$0.12740----$0.06944$0.00016$0.06801$0.01020
23-Mar$0.07560$0.07560----$0.04120$0.00009$0.04036$0.00605
2017 +$0.96460$0.40460$0.56000---$0.55708$0.00210$0.46490$0.05948
28-Dec$0.10130$0.10130----$0.05850$0.00023$0.04882$0.00625
28-Dec$0.56000-$0.56000---$0.32342$0.00120$0.26990$0.03452
28-Sep$0.10130$0.10130----$0.05850$0.00023$0.04882$0.00625
29-Jun$0.10100$0.10100----$0.05833$0.00022$0.04868$0.00623
30-Mar$0.10100$0.10100----$0.05833$0.00022$0.04868$0.00623
2016 +$0.63450$0.40450$0.23000-----$0.72419$0.08969
29-Dec$0.23000-$0.23000-----$0.26251$0.03251
29-Dec$0.09690$0.09690------$0.11060$0.01370
29-Sep$0.09690$0.09690------$0.11060$0.01370
29-Jun$0.10310$0.10310------$0.11767$0.01457
30-Mar$0.10760$0.10760------$0.12281$0.01521
2015 +$0.44070$0.44070-----$0.18055$0.28644$0.02629
30-Dec$0.12570$0.12570-----$0.05150$0.08170$0.00750
29-Sep$0.11130$0.11130-----$0.04560$0.07234$0.00664
29-Jun$0.10410$0.10410-----$0.04265$0.06766$0.00621
30-Mar$0.09960$0.09960-----$0.04080$0.06474$0.00594
2014 +$0.13060$0.06010$0.07050--$0.01495$0.10372-$0.01349$0.00156
30-Dec$0.06010$0.06010---$0.00688$0.04773-$0.00621$0.00072
30-Dec$0.07050-$0.07050--$0.00807$0.05599-$0.00728$0.00084

(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, 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 International Value Index ETF (CAD Hedged) please click here