CI First Asset Morningstar US Momentum Index ETF (Unhedged)

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® US Target Momentum IndexTM (the "Index"), net of expenses. The Fund invests in equity securities of the largest and most liquid U.S. issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to U.S issuers 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 U.S. equity exposure on a currency unhedged basis
  • want to receive regular quarterly cash flows (if any)
  • Can tolerate medium risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
YXM.B -0.22%2.73%25.22%3.33%10.93%-0.56%6.65%8.29%5.94%10.55%
Benchmark-1.38%6.83%23.23%8.75%16.17%11.37%14.77%14.29%14.06%16.56%
As at: 30 Sep 2020 - Benchmark: S&P 500 Index (Total Return) (Unhedged)

 

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 tracks 500 large-cap U.S. stocks representing all major industries. This 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.

Key Facts

Index Characteristics

Number of Securities50
Price/Earnings Ratio19.62
Price/Book Ratio6.49
As at 30 Sep, 2020

Index Risk Return Measures

Time period: 12/21/2001 to 09/30/2020 Index Benchmark
Return (% annualized)9.777.08
Std Dev15.9712.09
Beta0.981.00
Sharpe0.550.48
Sortino Ratio0.820.70
Up Capture105.48100.00
Down Capture90.61100.00
As at 30 Sep, 2020
Index: Morningstar® US Target Momentum Index TR (Unhedged)
Benchmark: S&P 500 TR Index (Unhedged)

Number of securities: 50

Asset Allocation

Security Type%
Foreign Stock99.97%
Currency Security0.03%

Holdings

NameSecurity TypeISINTicker %
DECKERS OUTDOOR CORP Foreign StockUS2435371073 DECK US 2.54
BOSTON BEER CO INC/THE Foreign StockUS1005571070 SAM US 2.45
MERIDIAN BIOSCIENCE INC Foreign StockUS5895841014 VIVO US 2.43
IDEXX LABORATORIES INC Foreign StockUS45168D1046 IDXX US 2.36
L BRANDS INC Foreign StockUS5017971046 LB US 2.30
SQUARE INC Foreign StockUS8522341036 SQ US 2.28
MOLINA HEALTHCARE INC Foreign StockUS60855R1005 MOH US 2.27
BUILDERS FIRSTSOURCE INC Foreign StockUS12008R1077 BLDR US 2.26
METTLER-TOLEDO INTERNATIONAL I Foreign StockUS5926881054 MTD US 2.25
GENERAC HOLDINGS INC Foreign StockUS3687361044 GNRC US 2.24
POOL CORP Foreign StockUS73278L1052 POOL US 2.22
ARTISAN PARTNERS ASSET MANAGEM Foreign StockUS04316A1088 APAM US 2.21
UNITED PARCEL SERVICE INC Foreign StockUS9113121068 UPS US 2.16
NVIDIA CORP Foreign StockUS67066G1040 NVDA US 2.13
STEWART INFORMATION SERVICES C Foreign StockUS8603721015 STC US 2.06
CASELLA WASTE SYSTEMS INC Foreign StockUS1474481041 CWST US 2.05
RENT-A-CENTER INC/TX Foreign StockUS76009N1000 RCII US 2.04
SHERWIN-WILLIAMS CO/THE Foreign StockUS8243481061 SHW US 2.04
SBA COMMUNICATIONS CORP Foreign StockUS78410G1040 SBAC US 2.03
BROWN-FORMAN CORP Foreign StockUS1156372096 BF/B US 2.01
LPL FINANCIAL HOLDINGS INC Foreign StockUS50212V1008 LPLA US 1.98
EVERTEC INC Foreign StockPR30040P1032 EVTC US 1.98
FAIR ISAAC CORP Foreign StockUS3032501047 FICO US 1.96
VERISIGN INC Foreign StockUS92343E1029 VRSN US 1.95
CLOROX CO/THE Foreign StockUS1890541097 CLX US 1.95
ASPEN TECHNOLOGY INC Foreign StockUS0453271035 AZPN US 1.94
HERSHEY CO/THE Foreign StockUS4278661081 HSY US 1.94
HERBALIFE NUTRITION LTD Foreign StockKYG4412G1010 HLF US 1.94
CABLE ONE INC Foreign StockUS12685J1051 CABO US 1.93
NRG ENERGY INC Foreign StockUS6293775085 NRG US 1.93
DOMINOS PIZZA INC Foreign StockUS25754A2015 DPZ US 1.92
NEW YORK TIMES CO/THE Foreign StockUS6501111073 NYT US 1.92
ARCBEST CORP Foreign StockUS03937C1053 ARCB US 1.90
MOODYS CORP Foreign StockUS6153691059 MCO US 1.90
TENET HEALTHCARE CORP Foreign StockUS88033G4073 THC US 1.88
LOCKHEED MARTIN CORP Foreign StockUS5398301094 LMT US 1.86
COHEN & STEERS INC Foreign StockUS19247A1007 CNS US 1.83
DEXCOM INC Foreign StockUS2521311074 DXCM US 1.82
NETEASE INC Foreign StockUS64110W1027 NTES US 1.82
MURPHY USA INC Foreign StockUS6267551025 MUSA US 1.80
BOOZ ALLEN HAMILTON HOLDING CO Foreign StockUS0995021062 BAH US 1.80
CHOICE HOTELS INTERNATIONAL IN Foreign StockUS1699051066 CHH US 1.80
VIRTU FINANCIAL INC Foreign StockUS9282541013 VIRT US 1.79
DIEBOLD NIXDORF INC Foreign StockUS2536511031 DBD US 1.75
LOUISIANA-PACIFIC CORP Foreign StockUS5463471053 LPX US 1.74
SPROUTS FARMERS MARKET INC Foreign StockUS85208M1027 SFM US 1.72
BJS WHOLESALE CLUB HOLDINGS I Foreign StockUS05550J1016 BJ US 1.69
VERTEX PHARMACEUTICALS INC Foreign StockUS92532F1003 VRTX US 1.61
EMERGENT BIOSOLUTIONS INC Foreign StockUS29089Q1058 EBS US 1.53
WINGSTOP INC Foreign StockUS9741551033 WING US 1.53
Currency Security 0.03

As at: 27 October 2020
Holdings are subject to change

99.47%

Distributions

Distribution details (.csv)
YXM.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.19930$0.08730$0.11200---$0.09262$0.03222$0.08756$0.01310
2019 +$0.02200-$0.02200----$0.00165$0.02394$0.00359
30-Dec$0.02200-$0.02200----$0.00165$0.02394$0.00359
2017 +$0.12800$0.03800$0.09000---$0.09262$0.00563$0.03501$0.00526
28-Dec$0.03800$0.03800----$0.02750$0.00167$0.01039$0.00156
28-Dec$0.09000-$0.09000---$0.06512$0.00396$0.02462$0.00370
2016 +$0.01930$0.01930-----$0.01269$0.00776$0.00115
29-Dec$0.01930$0.01930-----$0.01269$0.00776$0.00115
2015 +$0.02000$0.02000-----$0.00233$0.02076$0.00309
30-Dec$0.02000$0.02000-----$0.00233$0.02076$0.00309
2013 +$0.01000$0.01000-----$0.00992$0.00009$0.00001
30-Dec$0.01000$0.01000-----$0.00992$0.00009$0.00001

(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
30 Sep 2014 A look inside Canada's hottest ETFs Special to the Globe and Mail | Andrew Hallam
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

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 Momentum Index ETF (Unhedged) please click here