CI First Asset Morningstar US Dividend Target 50 Index ETF (CAD Hedged)

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® U.S. Target Dividend IndexTM (the "Index"), net of expenses. The Fund invests in equity securities of the largest and most liquid U.S. public issuers based upon proprietary research generated by Morningstar, and is designed to provide diversified exposure to U.S. dividend paying companies. The investment strategy of the Fund is to invest in and hold the constituent securities of the Index. It is intended that 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 U.S. dividend-paying equity exposure on a CAD hedged basis
  • want to receive regular quarterly cash flows (if any)
  • Can tolerate medium risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
UXM 2.29%6.93%-10.31%-11.32%-4.33%-1.22%2.55%3.05%4.40%6.96%
Benchmark5.50%12.66%0.85%0.81%9.93%8.07%10.40%11.64%10.23%13.00%
As at: 31 Jul 2020 - Benchmark: S&P 500 Index (Total Return) (CAD Hedged)

 

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 S&P 500 Index (CAD Hedged) tracks 500 large-cap U.S. stocks representing all major industries. The 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 on a currency hedged basis.

Key Facts

Index Characteristics

Number of Securities50
Price/Earnings Ratio16.09
Price/Book Ratio3.54
As at 31 Jul, 2020

Index Risk Return Measures

Time period: 12/31/2001 to 07/31/2020IndexBenchmark
Return (% annualized)8.827.95
Std Dev14.0514.61
Beta0.871.00
Sharpe0.540.47
Sortino Ratio0.800.68
Up Capture91.84100.00
Down Capture83.20100.00
As at 31 Jul, 2020
Index: Morningstar® US Target Dividend Index TR (CAD Hedged)
Benchmark: S&P 500 TR Index (USD)
Loading...

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 3.01% (as at 13 Aug 2020)

UXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$5.13490$3.25620$1.87870---$1.70594$0.13699$3.61657$0.54260
2020 +$0.21800$0.21800--------
24-Jun$0.10900$0.10900--------
25-Mar$0.10900$0.10900--------
2019 +$0.48250$0.41850$0.06400-----$0.56567$0.08317
30-Dec$0.06400-$0.06400-----$0.07503$0.01103
23-Dec$0.10900$0.10900------$0.12779$0.01879
24-Sep$0.10450$0.10450------$0.12251$0.01801
24-Jun$0.10250$0.10250------$0.12017$0.01767
25-Mar$0.10250$0.10250------$0.12017$0.01767
2018 +$1.13260$0.41560$0.71700---$0.61643-$0.60725$0.09108
28-Dec$0.71700-$0.71700---$0.39024-$0.38442$0.05766
21-Dec$0.10710$0.10710----$0.05829-$0.05742$0.00861
24-Sep$0.10310$0.10310----$0.05611-$0.05528$0.00829
25-Jun$0.10280$0.10280----$0.05595-$0.05512$0.00827
23-Mar$0.10260$0.10260----$0.05584-$0.05501$0.00825
2017 +$1.30750$0.37750$0.93000---$0.91702$0.00536$0.45325$0.06813
28-Dec$0.09310$0.09310----$0.06530$0.00038$0.03227$0.00485
28-Dec$0.93000-$0.93000---$0.65225$0.00382$0.32239$0.04846
28-Sep$0.09310$0.09310----$0.06530$0.00038$0.03227$0.00485
29-Jun$0.09570$0.09570----$0.06712$0.00039$0.03318$0.00499
30-Mar$0.09560$0.09560----$0.06705$0.00039$0.03314$0.00498
2016 +$0.52140$0.38010$0.14130----$0.00005$0.61398$0.09263
29-Dec$0.09390$0.09390-----$0.00001$0.11057$0.01668
29-Dec$0.14130-$0.14130----$0.00001$0.16639$0.02510
29-Sep$0.09390$0.09390-----$0.00001$0.11057$0.01668
29-Jun$0.09290$0.09290-----$0.00001$0.10940$0.01651
30-Mar$0.09940$0.09940-----$0.00001$0.11705$0.01766
2015 +$0.38240$0.35600$0.02640----$0.00005$0.44979$0.06744
30-Dec$0.09250$0.09250-----$0.00001$0.10880$0.01631
30-Dec$0.02640-$0.02640----$0.00001$0.03105$0.00466
29-Sep$0.08950$0.08950-----$0.00001$0.10527$0.01578
29-Jun$0.08600$0.08600-----$0.00001$0.10116$0.01517
30-Mar$0.08800$0.08800-----$0.00001$0.10351$0.01552
2014 +$0.34690$0.34690-----$0.04696$0.35463$0.05469
30-Dec$0.08260$0.08260-----$0.01118$0.08444$0.01302
29-Sep$0.08260$0.08260-----$0.01118$0.08444$0.01302
27-Jun$0.08170$0.08170-----$0.01106$0.08352$0.01288
28-Mar$0.10000$0.10000-----$0.01354$0.10223$0.01577
2013 +$0.37000$0.37000-----$0.08457$0.33539$0.04996
30-Dec$0.10000$0.10000-----$0.02286$0.09065$0.01351
27-Sep$0.09000$0.09000-----$0.02057$0.08158$0.01215
27-Jun$0.09000$0.09000-----$0.02057$0.08158$0.01215
27-Mar$0.09000$0.09000-----$0.02057$0.08158$0.01215
2012 +$0.37360$0.37360----$0.17249-$0.23661$0.03550
28-Dec$0.13650$0.13650----$0.06302-$0.08645$0.01297
27-Sep$0.09000$0.09000----$0.04155-$0.05700$0.00855
30-Jun$0.09440$0.09440----$0.04359-$0.05978$0.00897
29-Mar$0.05270$0.05270----$0.02433-$0.03338$0.00501

(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
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
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
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
3 Dec 2012 Top 20 quality U.S. dividend stocks, according to Morningstar The Globe and Mail | David Parkinson
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, 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 US Dividend Target 50 Index ETF (CAD Hedged) please click here