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 -3.68%3.04%25.41%-10.66%-3.86%-0.75%1.69%3.91%5.98%6.92%
Benchmark-3.90%8.44%30.31%3.62%12.87%7.58%10.58%12.38%12.83%13.09%
As at: 30 Sep 2020 - Benchmark: S&P 500 Index (Total Return) (CAD Hedged)

 

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 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 Ratio15.47
Price/Book Ratio3.31
As at 30 Sep, 2020

Index Risk Return Measures

Time period: 12/31/2001 to 09/30/2020 Index Benchmark
Return (% annualized)8.808.05
Std Dev14.0514.66
Beta0.871.00
Sharpe0.540.47
Sortino Ratio0.800.69
Up Capture91.46100.00
Down Capture83.34100.00
As at 30 Sep, 2020
Index: Morningstar® US Target Dividend Index TR (CAD Hedged)
Benchmark: S&P 500 TR Index (USD)

Number of securities: 50

Asset Allocation

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

Holdings

NameSecurity TypeISINTicker %
H&R BLOCK INC Foreign StockUS0936711052 HRB US 2.35
LAM RESEARCH CORP Foreign StockUS5128071082 LRCX US 2.33
PITNEY BOWES INC Foreign StockUS7244791007 PBI US 2.26
PUBLIC SERVICE ENTERPRISE GROU Foreign StockUS7445731067 PEG US 2.22
WADDELL & REED FINANCIAL INC Foreign StockUS9300591008 WDR US 2.21
BEST BUY CO INC Foreign StockUS0865161014 BBY US 2.19
FEDERATED HERMES INC Foreign StockUS3142111034 FHI US 2.19
INTEL CORP Foreign StockUS4581401001 INTC US 2.16
SOUTHERN CO/THE Foreign StockUS8425871071 SO US 2.15
MICROCHIP TECHNOLOGY INC Foreign StockUS5950171042 MCHP US 2.14
TEXAS INSTRUMENTS INC Foreign StockUS8825081040 TXN US 2.13
ANALOG DEVICES INC Foreign StockUS0326541051 ADI US 2.09
AUTOMATIC DATA PROCESSING INC Foreign StockUS0530151036 ADP US 2.08
CAMPBELL SOUP CO Foreign StockUS1344291091 CPB US 2.07
NRG ENERGY INC Foreign StockUS6293775085 NRG US 2.07
NETAPP INC Foreign StockUS64110D1046 NTAP US 2.07
PAYCHEX INC Foreign StockUS7043261079 PAYX US 2.06
GENERAL MILLS INC Foreign StockUS3703341046 GIS US 2.04
MICROSOFT CORP Foreign StockUS5949181045 MSFT US 2.04
BLACKSTONE GROUP INC/THE Foreign StockUS09260D1072 BX US 2.04
ONEOK INC Foreign StockUS6826801036 OKE US 2.03
ROBERT HALF INTERNATIONAL INC Foreign StockUS7703231032 RHI US 2.03
COLGATE-PALMOLIVE CO Foreign StockUS1941621039 CL US 2.01
EMERSON ELECTRIC CO Foreign StockUS2910111044 EMR US 2.01
PFIZER INC Foreign StockUS7170811035 PFE US 2.00
KELLOGG CO Foreign StockUS4878361082 K US 1.99
BRISTOL MYERS SQUIBB CO Foreign StockUS1101221083 BMY US 1.99
LYONDELLBASELL INDUSTRIES NV Foreign StockNL0009434992 LYB US 1.97
3M CO Foreign StockUS88579Y1010 MMM US 1.97
POLARIS INC Foreign StockUS7310681025 PII US 1.97
APPLE INC Foreign StockUS0378331005 AAPL US 1.97
FASTENAL CO Foreign StockUS3119001044 FAST US 1.96
COCA-COLA CO/THE Foreign StockUS1912161007 KO US 1.91
LOCKHEED MARTIN CORP Foreign StockUS5398301094 LMT US 1.91
JOHNSON & JOHNSON Foreign StockUS4781601046 JNJ US 1.90
AGNC INVESTMENT CORP Foreign StockUS00123Q1040 AGNC US 1.88
ELI LILLY AND CO Foreign StockUS5324571083 LLY US 1.87
PHILIP MORRIS INTERNATIONAL IN Foreign StockUS7181721090 PM US 1.86
VERIZON COMMUNICATIONS INC Foreign StockUS92343V1044 VZ US 1.86
SIMON PROPERTY GROUP INC Foreign StockUS8288061091 SPG US 1.84
ANNALY CAPITAL MANAGEMENT INC Foreign StockUS0357104092 NLY US 1.83
MERCK & CO INC Foreign StockUS58933Y1055 MRK US 1.83
ABBVIE INC Foreign StockUS00287Y1091 ABBV US 1.82
WILLIAMS COS INC/THE Foreign StockUS9694571004 WMB US 1.81
EOG RESOURCES INC Foreign StockUS26875P1012 EOG US 1.81
GILEAD SCIENCES INC Foreign StockUS3755581036 GILD US 1.78
EXXON MOBIL CORP Foreign StockUS30231G1022 XOM US 1.78
ALTRIA GROUP INC Foreign StockUS02209S1033 MO US 1.78
OMEGA HEALTHCARE INVESTORS INC Foreign StockUS6819361006 OHI US 1.74
VALERO ENERGY CORP Foreign StockUS91913Y1001 VLO US 1.62
Currency Security 0.01

As at: 19 October 2020
Holdings are subject to change

99.63%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 3.08% (as at 19 Oct 2020)

UXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$5.24390$3.36520$1.87870---$1.70594$0.13699$3.61657$0.54260
2020 +$0.32700$0.32700--------
24-Sep$0.10900$0.10900--------
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$0.02640-$0.02640----$0.00001$0.03105$0.00466
30-Dec$0.09250$0.09250-----$0.00001$0.10880$0.01631
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, 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 US Dividend Target 50 Index ETF (CAD Hedged) please click here