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

Investment Objectives

CI First Asset Morningstar US Value Index ETF (the "Fund") has been designed to replicate, to the extent possible, the performance of the Morningstar® US Target Value IndexTM (the "Index") (formerly, Morningstar® US Value Target 50 IndexTM), net of expenses.

The Index is comprised of liquid equity securities of U.S. companies utilizing proprietary CPMS methodologies from Morningstar to screen for, among other things, low price to earnings ratios, low price to cash flow ratios, low price to book value and sales, and upward earnings estimate revisions. To qualify for inclusion in the Index, the constituent securities must, among other things, trade on one of the three major exchanges (NYSE, NYSE Amex, or NASDAQ), be classified as a U.S issuer, and must have a market capitalization exceeding US $500 million. The Index is comprised of the top 50 issuers that meet the screening requirements, and are equally weighted and rebalanced quarterly.

Traditional indexes are generally based on market capitalization, which can result in overweighting stocks that are overvalued and underweighting stocks that are undervalued. The Fund is designed to address the concerns with traditional indexes based on market capitalization.

XXM 2.10%-0.39%-3.70%12.80%-3.98%-4.14%0.28%-1.03%0.91%4.03%
As at: 30 Apr 2019 - Benchmark: S&P 500 Index (Total Return)


Sector Breakdown*

As at 30 April 2019
*As a percent of invested assets

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 Ratio11.08
Price/Book Ratio0.98
As at 30 Apr, 2019

Index Risk Return Measures

Time period: 12/21/2001 to 04/30/2019IndexBenchmark
Return (% annualized)13.087.75
Std Dev18.8914.03
Sortino Ratio1.090.65
Up Capture126.13100.00
Down Capture106.74100.00
As at 30 Apr, 2019
Index: Morningstar® US Target Value Index TR (CAD Hedged)
Benchmark: S&P 500 TR Index USD)


Distribution details (.csv)

Twelve month trailing distribution yield : 1.54% (as at 21 May 2019)

XXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2019 +$0.03880$0.03880--------
2018 +$0.41020$0.17220$0.23800---$0.25937$0.00081$0.17648$0.02648
2017 +$1.42830$0.09830$1.33000---$1.27227$0.00870$0.17333$0.02600
2016 +$0.14160$0.07780$0.06380----$0.00005$0.16609$0.02454
2015 +$0.42370$0.13090$0.29280----$0.00012$0.45590$0.03232
2014 +$0.08770$0.08770-----$0.01017$0.09121$0.01368
2013 +$0.01459$0.01459-----$0.01344$0.00136$0.00021

(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.


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