CI First Asset Morningstar International Value 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 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. 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
VXM.B 2.89%8.98%10.61%-11.22%-11.22%-1.17%-4.56%1.74%2.20%4.59%
Benchmark2.88%10.68%13.75%5.92%5.92%10.77%4.86%7.73%5.60%7.57%
As at: 31 Dec 2020 - Benchmark: MSCI EAFE NR Index (Unhedged)

 

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: 12/15/2000 to 12/31/2020 Index Benchmark
Return (% annualized)9.594.16
Std Dev15.4213.09
Beta1.041.00
Sharpe0.550.23
Sortino Ratio0.810.32
Up Capture116.05100.00
Down Capture87.59100.00
As at 31 Dec, 2020
Index: Morningstar® Developed Markets ex-North America Target Value Index (Unhedged)
Benchmark: MSCI EAFE GR Index (Unhedged)

Number of securities: 200

Asset Allocation

Security Type%
Foreign Stock99.98%
Currency Security0.02%

Holdings

NameSecurity TypeISINTicker %
JUST GROUP PLC Foreign StockGB00BCRX1J15 JUST LN 0.69
TOKYO ELECTRIC POWER CO HOLDIN Foreign StockJP3585800000 9501 JP 0.67
WILMAR INTERNATIONAL LTD Foreign StockSG1T56930848 WIL SP 0.63
DAIWABO HOLDINGS CO LTD Foreign StockJP3505400006 3107 JP 0.62
ROYAL MAIL PLC Foreign StockGB00BDVZYZ77 RMG LN 0.61
AMBEA AB Foreign StockSE0009663826 AMBEA SS 0.60
ELECTRIC POWER DEVELOPMENT CO Foreign StockJP3551200003 9513 JP 0.60
GOLDEN AGRI-RESOURCES LTD Foreign StockMU0117U00026 GGR SP 0.59
BONAVA AB Foreign StockSE0008091581 BONAVB SS 0.59
MITSUI MINING & SMELTING CO LT Foreign StockJP3888400003 5706 JP 0.58
FERREXPO PLC Foreign StockGB00B1XH2C03 FXPO LN 0.58
HUTCHISON PORT HOLDINGS TRUST Foreign StockSG2D00968206 HPHT SP 0.58
KINTETSU WORLD EXPRESS INC Foreign StockJP3262900008 9375 JP 0.57
NOBINA AB Foreign StockSE0007185418 NOBINA SS 0.57
FORTESCUE METALS GROUP LTD Foreign StockAU000000FMG4 FMG AU 0.57
INCITEC PIVOT LTD Foreign StockAU000000IPL1 IPL AU 0.57
MEKONOMEN AB Foreign StockSE0002110064 MEKO SS 0.57
DRAX GROUP PLC Foreign StockGB00B1VNSX38 DRX LN 0.57
KYUSHU ELECTRIC POWER CO INC Foreign StockJP3246400000 9508 JP 0.56
VSTECS HOLDINGS LTD Foreign StockKYG9400C1116 856 HK 0.56
JARDINE CYCLE & CARRIAGE LTD Foreign StockSG1B51001017 JCNC SP 0.56
FORTUM OYJ Foreign StockFI0009007132 FORTUM FH 0.56
NISHIMATSU CONSTRUCTION CO LTD Foreign StockJP3659200004 1820 JP 0.56
ISRAEL DISCOUNT BANK LTD Foreign StockIL0006912120 DSCT IT 0.55
IWATANI CORP Foreign StockJP3151600008 8088 JP 0.55
JAPFA LTD Foreign StockSG1AB9000005 JAP SP 0.55
KANSAI ELECTRIC POWER CO INC/T Foreign StockJP3228600007 9503 JP 0.54
CHAMPION IRON LTD Foreign StockAU000000CIA2 CIA AU 0.54
SUMITOMO FORESTRY CO LTD Foreign StockJP3409800004 1911 JP 0.54
KANDENKO CO LTD Foreign StockJP3230600003 1942 JP 0.54
OMV AG Foreign StockAT0000743059 OMV AV 0.54
J SAINSBURY PLC Foreign StockGB00B019KW72 SBRY LN 0.54
DANSKE BANK A/S Foreign StockDK0010274414 DANSKE DC 0.54
BETSSON AB Foreign StockSE0014186532 BETSB SS 0.54
KS HOLDINGS CORP Foreign StockJP3277150003 8282 JP 0.54
BILFINGER SE Foreign StockDE0005909006 GBF GR 0.54
TESSENDERLO GROUP SA Foreign StockBE0003555639 TESB BB 0.53
SKANSKA AB Foreign StockSE0000113250 SKAB SS 0.53
DIRECT LINE INSURANCE GROUP PL Foreign StockGB00BY9D0Y18 DLG LN 0.53
HOKKAIDO ELECTRIC POWER CO INC Foreign StockJP3850200001 9509 JP 0.53
BILIA AB Foreign StockSE0009921588 BILIA SS 0.53
EXOR NV Foreign StockNL0012059018 EXO IM 0.53
COMMERZBANK AG Foreign StockDE000CBK1001 CBK GR 0.53
SHINSEI BANK LTD Foreign StockJP3729000004 8303 JP 0.53
CAPITALAND LTD Foreign StockSG1J27887962 CAPL SP 0.53
MITSUI & CO LTD Foreign StockJP3893600001 8031 JP 0.53
CARREFOUR SA Foreign StockFR0000120172 CA FP 0.52
AEON FINANCIAL SERVICE CO LTD Foreign StockJP3131400008 8570 JP 0.52
JAPAN POST HOLDINGS CO LTD Foreign StockJP3752900005 6178 JP 0.52
KUREHA CORP Foreign StockJP3271600003 4023 JP 0.52
PUBLICIS GROUPE SA Foreign StockFR0000130577 PUB FP 0.52
IMPERIAL BRANDS PLC Foreign StockGB0004544929 IMB LN 0.52
PACIFIC INDUSTRIAL CO LTD Foreign StockJP3448400006 7250 JP 0.52
OLAM INTERNATIONAL LTD Foreign StockSG1Q75923504 OLAM SP 0.52
ASR NEDERLAND NV Foreign StockNL0011872643 ASRNL NA 0.52
NORITAKE CO LTD/NAGOYA JAPAN Foreign StockJP3763000001 5331 JP 0.52
DAH SING FINANCIAL HOLDINGS LT Foreign StockHK0440001847 440 HK 0.52
KERRY PROPERTIES LTD Foreign StockBMG524401079 683 HK 0.52
BW LPG LTD Foreign StockBMG173841013 BWLPG NO 0.52
KANEMATSU CORP Foreign StockJP3217100001 8020 JP 0.52
BPER BANCA Foreign StockIT0000066123 BPE IM 0.52
ITOCHU CORP Foreign StockJP3143600009 8001 JP 0.52
TOKUYAMA CORP Foreign StockJP3625000009 4043 JP 0.52
MARUHA NICHIRO CORP Foreign StockJP3876600002 1333 JP 0.52
AVIVA PLC Foreign StockGB0002162385 AV/ LN 0.51
UNIPER SE Foreign StockDE000UNSE018 UN01 GR 0.51
DIVERSIFIED GAS & OIL PLC Foreign StockGB00BYX7JT74 DGOC LN 0.51
WM MORRISON SUPERMARKETS PLC Foreign StockGB0006043169 MRW LN 0.51
VIENNA INSURANCE GROUP AG WIEN Foreign StockAT0000908504 VIG AV 0.51
CHUBU ELECTRIC POWER CO INC Foreign StockJP3526600006 9502 JP 0.51
EBARA CORP Foreign StockJP3166000004 6361 JP 0.51
AURUBIS AG Foreign StockDE0006766504 NDA GR 0.51
KOMERI CO LTD Foreign StockJP3305600003 8218 JP 0.51
SWISS LIFE HOLDING AG Foreign StockCH0014852781 SLHN SW 0.51
T&D HOLDINGS INC Foreign StockJP3539220008 8795 JP 0.51
KANEKA CORP Foreign StockJP3215800008 4118 JP 0.51
STRABAG SE Foreign StockAT000000STR1 STR AV 0.51
FIRST PACIFIC CO LTD Foreign StockBMG348041077 142 HK 0.51
NIPPON YUSEN KK Foreign StockJP3753000003 9101 JP 0.51
DAH SING BANKING GROUP LTD Foreign StockHK2356013600 2356 HK 0.51
J-OIL MILLS INC Foreign StockJP3840000008 2613 JP 0.51
NCC AB Foreign StockSE0000117970 NCCB SS 0.51
VICAT SA Foreign StockFR0000031775 VCT FP 0.51
BOLLORE SA Foreign StockFR0000039299 BOL FP 0.51
IIDA GROUP HOLDINGS CO LTD Foreign StockJP3131090007 3291 JP 0.51
NOMURA HOLDINGS INC Foreign StockJP3762600009 8604 JP 0.51
NN GROUP NV Foreign StockNL0010773842 NN NA 0.50
PACT GROUP HOLDINGS LTD Foreign StockAU000000PGH3 PGH AU 0.50
TOHOKU ELECTRIC POWER CO INC Foreign StockJP3605400005 9506 JP 0.50
SUN HUNG KAI PROPERTIES LTD Foreign StockHK0016000132 16 HK 0.50
RENGO CO LTD Foreign StockJP3981400009 3941 JP 0.50
ACADEMEDIA AB Foreign StockSE0007897079 ACAD SS 0.50
TALANX AG Foreign StockDE000TLX1005 TLX GR 0.50
TOKYU CONSTRUCTION CO LTD Foreign StockJP3567410000 1720 JP 0.50
TPR CO LTD Foreign StockJP3542400001 6463 JP 0.50
CEMENTIR HOLDING NV Foreign StockNL0013995087 CEM IM 0.50
NISHIO RENT ALL CO LTD Foreign StockJP3657500009 9699 JP 0.50
KANAMOTO CO LTD Foreign StockJP3215200001 9678 JP 0.50
GRUPO CATALANA OCCIDENTE SA Foreign StockES0116920333 GCO SM 0.50
KYUDENKO CORP Foreign StockJP3247050002 1959 JP 0.50
ADEKA CORP Foreign StockJP3114800000 4401 JP 0.50
M&G PLC Foreign StockGB00BKFB1C65 MNG LN 0.50
COFACE SA Foreign StockFR0010667147 COFA FP 0.50
EUTELSAT COMMUNICATIONS SA Foreign StockFR0010221234 ETL FP 0.50
WH GROUP LTD Foreign StockKYG960071028 288 HK 0.50
MACNICA FUJI ELECTRONICS HOLDI Foreign StockJP3862960006 3132 JP 0.50
BAWAG GROUP AG Foreign StockAT0000BAWAG2 BG AV 0.50
WORLEY LTD Foreign StockAU000000WOR2 WOR AU 0.49
SEIREN CO LTD Foreign StockJP3413800008 3569 JP 0.49
CK HUTCHISON HOLDINGS LTD Foreign StockKYG217651051 1 HK 0.49
UBS GROUP AG Foreign StockCH0244767585 UBSG SW 0.49
ORANGE BELGIUM SA Foreign StockBE0003735496 OBEL BB 0.49
NISSHIN OILLIO GROUP LTD/THE Foreign StockJP3677200002 2602 JP 0.49
CNP ASSURANCES Foreign StockFR0000120222 CNP FP 0.49
ASSICURAZIONI GENERALI SPA Foreign StockIT0000062072 G IM 0.49
YANLORD LAND GROUP LTD Foreign StockSG1T57930854 YLLG SP 0.49
FREENET AG Foreign StockDE000A0Z2ZZ5 FNTN GR 0.49
OKINAWA ELECTRIC POWER CO INC/ Foreign StockJP3194700005 9511 JP 0.49
MEDIPAL HOLDINGS CORP Foreign StockJP3268950007 7459 JP 0.49
EDION CORP Foreign StockJP3164470001 2730 JP 0.49
ARCS CO LTD Foreign StockJP3968600001 9948 JP 0.49
FURUKAWA CO LTD Foreign StockJP3826800009 5715 JP 0.49
TAKAMATSU CONSTRUCTION GROUP C Foreign StockJP3457900003 1762 JP 0.49
MEBUKI FINANCIAL GROUP INC Foreign StockJP3117700009 7167 JP 0.49
HEIWADO CO LTD Foreign StockJP3834400008 8276 JP 0.49
ACS ACTIVIDADES DE CONSTRUCCIO Foreign StockES0167050915 ACS SM 0.49
BARCLAYS PLC Foreign StockGB0031348658 BARC LN 0.49
INVESTEC PLC Foreign StockGB00B17BBQ50 INVP LN 0.49
FRESENIUS SE & CO KGAA Foreign StockDE0005785604 FRE GR 0.48
KONINKLIJKE AHOLD DELHAIZE NV Foreign StockNL0011794037 AD NA 0.48
ALLIANZ SE Foreign StockDE0008404005 ALV GR 0.48
TOYOBO CO LTD Foreign StockJP3619800000 3101 JP 0.48
MARUZEN SHOWA UNYU CO LTD Foreign StockJP3876000005 9068 JP 0.48
DEUTSCHE TELEKOM AG Foreign StockDE0005557508 DTE GR 0.48
VALIANT HOLDING AG Foreign StockCH0014786500 VATN SW 0.48
BT GROUP PLC Foreign StockGB0030913577 BT/A LN 0.48
TELEVISION FRANCAISE 1 Foreign StockFR0000054900 TFI FP 0.48
MEDIASET SPA Foreign StockIT0001063210 MS IM 0.48
CHUGOKU ELECTRIC POWER CO INC/ Foreign StockJP3522200009 9504 JP 0.48
BNP PARIBAS SA Foreign StockFR0000131104 BNP FP 0.48
BOUYGUES SA Foreign StockFR0000120503 EN FP 0.48
FNAC DARTY SA Foreign StockFR0011476928 FNAC FP 0.48
SENKO GROUP HOLDINGS CO LTD Foreign StockJP3423800006 9069 JP 0.48
BELL FOOD GROUP AG Foreign StockCH0315966322 BELL SW 0.48
NIHON CHOUZAI CO LTD Foreign StockJP3729200000 3341 JP 0.48
POSTE ITALIANE SPA Foreign StockIT0003796171 PST IM 0.48
UNITED SUPER MARKETS HOLDINGS Foreign StockJP3949450005 3222 JP 0.48
DAI-ICHI LIFE HOLDINGS INC Foreign StockJP3476480003 8750 JP 0.48
NITTO KOGYO CORP Foreign StockJP3682400001 6651 JP 0.48
1&1 DRILLISCH AG Foreign StockDE0005545503 DRI GR 0.48
HERA SPA Foreign StockIT0001250932 HER IM 0.47
K WAH INTERNATIONAL HOLDINGS L Foreign StockBMG5321P1169 173 HK 0.47
MEDIOBANCA BANCA DI CREDITO FI Foreign StockIT0000062957 MB IM 0.47
UNIPOLSAI ASSICURAZIONI SPA Foreign StockIT0004827447 US IM 0.47
UNIPOL GRUPPO SPA Foreign StockIT0004810054 UNI IM 0.47
OBAYASHI CORP Foreign StockJP3190000004 1802 JP 0.47
HOSIDEN CORP Foreign StockJP3845800006 6804 JP 0.47
BAYERISCHE MOTOREN WERKE AG Foreign StockDE0005190003 BMW GR 0.47
MITSUI OSK LINES LTD Foreign StockJP3362700001 9104 JP 0.47
HORNBACH BAUMARKT AG Foreign StockDE0006084403 HBM GR 0.47
LLOYDS BANKING GROUP PLC Foreign StockGB0008706128 LLOY LN 0.47
GUNMA BANK LTD/THE Foreign StockJP3276400003 8334 JP 0.46
BANCA POPOLARE DI SONDRIO SCPA Foreign StockIT0000784196 BPSO IM 0.46
ELECTRICITE DE FRANCE SA Foreign StockFR0010242511 EDF FP 0.46
CREDIT AGRICOLE SA Foreign StockFR0000045072 ACA FP 0.46
IPSOS Foreign StockFR0000073298 IPS FP 0.46
BANCO COMERCIAL PORTUGUES SA Foreign StockPTBCP0AM0015 BCP PL 0.46
KYOEI STEEL LTD Foreign StockJP3247400009 5440 JP 0.46
BERNER KANTONALBANK AG Foreign StockCH0009691608 BEKN SW 0.46
OKUWA CO LTD Foreign StockJP3172150009 8217 JP 0.46
HORNBACH HOLDING AG & CO KGAA Foreign StockDE0006083405 HBH GR 0.46
SKY PERFECT JSAT HOLDINGS INC Foreign StockJP3396350005 9412 JP 0.46
77 BANK LTD/THE Foreign StockJP3352000008 8341 JP 0.45
DCM HOLDINGS CO LTD Foreign StockJP3548660004 3050 JP 0.45
YAMAGUCHI FINANCIAL GROUP INC Foreign StockJP3935300008 8418 JP 0.45
VALOR HOLDINGS CO LTD Foreign StockJP3778400006 9956 JP 0.45
ORANGE SA Foreign StockFR0000133308 ORA FP 0.45
CAIXABANK SA Foreign StockES0140609019 CABK SM 0.45
CREDITO EMILIANO SPA Foreign StockIT0003121677 CE IM 0.45
KERRY LOGISTICS NETWORK LTD Foreign StockBMG524181036 636 HK 0.45
IYO BANK LTD/THE Foreign StockJP3149600003 8385 JP 0.45
KOHNAN SHOJI CO LTD Foreign StockJP3283750002 7516 JP 0.45
SHIMIZU CORP Foreign StockJP3358800005 1803 JP 0.44
ONTEX GROUP NV Foreign StockBE0974276082 ONTEX BB 0.44
SANDFIRE RESOURCES LTD Foreign StockAU000000SFR8 SFR AU 0.44
AGL ENERGY LTD Foreign StockAU000000AGL7 AGL AU 0.44
NOS SGPS SA Foreign StockPTZON0AM0006 NOS PL 0.44
STARTS CORP INC Foreign StockJP3399200009 8850 JP 0.44
UNICAJA BANCO SA Foreign StockES0180907000 UNI SM 0.44
TELECOM ITALIA SPA/MILANO Foreign StockIT0003497168 TIT IM 0.44
MAPFRE SA Foreign StockES0124244E34 MAP SM 0.44
NORTH PACIFIC BANK LTD Foreign StockJP3843400007 8524 JP 0.43
HOKUHOKU FINANCIAL GROUP INC Foreign StockJP3842400008 8377 JP 0.43
NISHI-NIPPON FINANCIAL HOLDING Foreign StockJP3658850007 7189 JP 0.42
SHIGA BANK LTD/THE Foreign StockJP3347600003 8366 JP 0.42
ARCLAND SAKAMOTO CO LTD Foreign StockJP3100100001 9842 JP 0.42
MICRO FOCUS INTERNATIONAL PLC Foreign StockGB00BJ1F4N75 MCRO LN 0.42
LIBERBANK SA Foreign StockES0168675090 LBK SM 0.40
AIRTEL AFRICA PLC Foreign StockGB00BKDRYJ47 AAF LN 0.39
ACS ACTIVIDADES DE CONSTRUCCIO Foreign Stock 0.00
Currency Security 0.02

As at: 21 January 2021
Holdings are subject to change

99.88%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 2.15% (as at 21 Jan 2021)

VXM.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$5.41690$2.84700$2.56990--$0.00337$1.61411$0.16769$3.58061$0.46289
2020 +$0.51400$0.51400--------
23-Dec$0.16600$0.16600--------
24-Sep$0.11600$0.11600--------
24-Jun$0.11600$0.11600--------
25-Mar$0.11600$0.11600--------
2019 +$0.48110$0.42910$0.05200-----$0.55077$0.06967
30-Dec$0.05200-$0.05200-----$0.05953$0.00753
23-Dec$0.11600$0.11600------$0.13280$0.01680
24-Sep$0.11350$0.11350------$0.12994$0.01644
24-Jun$0.10320$0.10320------$0.11814$0.01494
25-Mar$0.09640$0.09640------$0.11036$0.01396
2018 +$1.68430$0.50830$1.17600---$0.84577-$0.98649$0.14797
28-Dec$1.17600-$1.17600---$0.59053-$0.68878$0.10332
21-Dec$0.14050$0.14050----$0.07055-$0.08229$0.01234
24-Sep$0.14050$0.14050----$0.07055-$0.08229$0.01234
25-Jun$0.14050$0.14050----$0.07055-$0.08229$0.01234
23-Mar$0.08680$0.08680----$0.04359-$0.05084$0.00763
2017 +$1.48570$0.43570$1.05000---$0.76702$0.00178$0.82252$0.10562
28-Dec$1.05000-$1.05000---$0.54208$0.00127$0.58130$0.07465
28-Dec$0.10680$0.10680----$0.05514$0.00012$0.05913$0.00759
28-Sep$0.10680$0.10680----$0.05514$0.00012$0.05913$0.00759
29-Jun$0.11210$0.11210----$0.05787$0.00014$0.06206$0.00797
30-Mar$0.11000$0.11000----$0.05679$0.00013$0.06090$0.00782
2016 +$0.74720$0.45530$0.29190----$0.00006$0.85276$0.10562
29-Dec$0.29190-$0.29190----$0.00002$0.33314$0.04126
29-Dec$0.11080$0.11080-----$0.00001$0.12645$0.01566
29-Sep$0.11080$0.11080-----$0.00001$0.12645$0.01566
29-Jun$0.11470$0.11470-----$0.00001$0.13091$0.01622
30-Mar$0.11900$0.11900-----$0.00001$0.13581$0.01682
2015 +$0.46760$0.46760-----$0.13616$0.36510$0.03366
30-Dec$0.13890$0.13890-----$0.04045$0.10845$0.01000
29-Sep$0.12120$0.12120-----$0.03529$0.09463$0.00872
29-Jun$0.10530$0.10530-----$0.03066$0.08222$0.00758
30-Mar$0.10220$0.10220-----$0.02976$0.07980$0.00736
2014 +$0.03700$0.03700---$0.00337$0.00132$0.02969$0.00297$0.00035
30-Dec$0.03700$0.03700---$0.00337$0.00132$0.02969$0.00297$0.00035

(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 (Unhedged) please click here