CI First Asset Morningstar US Value Index ETF (Unhedged)

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® US Target Value 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 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 U.S. equity exposure on a currency unhedged basis
  • want to receive regular quarterly cash flows (if any)
  • Can tolerate medium risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
XXM.B 3.01%4.61%-19.52%-23.64%-22.67%-19.22%-10.67%-6.97%-6.25%2.55%
Benchmark3.89%8.85%3.74%5.76%14.20%11.52%14.60%13.77%12.13%16.52%
As at: 31 Jul 2020 - Benchmark: S&P 500 Index (Total Return) (Unhedged)

 

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 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 Securities48
Price/Earnings Ratio11.66
Price/Book Ratio1.09
As at 31 Jul, 2020

Index Risk Return Measures

Time period: 12/21/2001 to 07/31/2020IndexBenchmark
Return (% annualized)9.116.99
Std Dev17.9812.10
Beta1.081.00
Sharpe0.470.47
Sortino Ratio0.670.69
Up Capture116.73100.00
Down Capture110.51100.00
As at 31 Jul, 2020
Index: Morningstar® US Target Value Index TR (Unhedged)
Benchmark: S&P 500 TR Index (Unhedged)
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Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 1.73% (as at 11 Aug 2020)

XXM.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.39409$1.08939$2.30470---$1.83432$0.01059$1.67348$0.21811
2020 +$0.09380$0.09380--------
24-Jun$0.04810$0.04810--------
25-Mar$0.04570$0.04570--------
2019 +$0.26340$0.21040$0.05300----$0.00150$0.30811$0.04622
30-Dec$0.05300-$0.05300----$0.00030$0.06199$0.00930
23-Dec$0.05260$0.05260-----$0.00030$0.06153$0.00923
24-Sep$0.05260$0.05260-----$0.00030$0.06153$0.00923
24-Jun$0.05260$0.05260-----$0.00030$0.06153$0.00923
25-Mar$0.05260$0.05260-----$0.00030$0.06153$0.00923
2018 +$1.11280$0.22480$0.88800---$0.80260-$0.36494$0.05474
28-Dec$0.88800-$0.88800---$0.64046-$0.29122$0.04368
21-Dec$0.06170$0.06170----$0.04450-$0.02023$0.00304
24-Sep$0.06170$0.06170----$0.04450-$0.02023$0.00304
25-Jun$0.05070$0.05070----$0.03657-$0.01663$0.00249
23-Mar$0.05070$0.05070----$0.03657-$0.01663$0.00249
2017 +$0.91520$0.12520$0.79000---$0.75388-$0.18978$0.02846
28-Dec$0.04680$0.04680----$0.03855-$0.00970$0.00145
28-Dec$0.79000-$0.79000---$0.65075-$0.16382$0.02457
28-Sep$0.03260$0.03260----$0.02685-$0.00676$0.00101
29-Jun$0.03080$0.03080----$0.02537-$0.00639$0.00096
30-Mar$0.01500$0.01500----$0.01236-$0.00311$0.00047
2016 +$0.24550$0.10080$0.14470----$0.00009$0.28737$0.04196
29-Dec$0.14470-$0.14470----$0.00005$0.16938$0.02473
29-Dec$0.02350$0.02350-----$0.00001$0.02751$0.00402
29-Sep$0.02350$0.02350-----$0.00001$0.02751$0.00402
29-Jun$0.02090$0.02090-----$0.00001$0.02446$0.00357
30-Mar$0.03290$0.03290-----$0.00001$0.03851$0.00562
2015 +$0.40580$0.16450$0.24130----$0.00012$0.43989$0.03421
30-Dec$0.24130-$0.24130----$0.00007$0.26157$0.02034
30-Dec$0.03610$0.03610-----$0.00001$0.03913$0.00304
29-Sep$0.05510$0.05510-----$0.00002$0.05973$0.00465
29-Jun$0.03780$0.03780-----$0.00001$0.04098$0.00319
30-Mar$0.03550$0.03550-----$0.00001$0.03848$0.00299
2014 +$0.34300$0.15530$0.18770---$0.27299$0.00019$0.08215$0.01233
30-Dec$0.18770-$0.18770---$0.14938$0.00011$0.04495$0.00674
30-Dec$0.08980$0.08980----$0.07147$0.00005$0.02151$0.00323
29-Sep$0.02020$0.02020----$0.01608$0.00001$0.00484$0.00073
27-Jun$0.02030$0.02030----$0.01616$0.00001$0.00486$0.00073
28-Mar$0.02500$0.02500----$0.01990$0.00001$0.00599$0.00090
2013 +$0.01459$0.01459----$0.00485$0.00869$0.00124$0.00019
30-Dec$0.01459$0.01459----$0.00485$0.00869$0.00124$0.00019

(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

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 Value Index ETF (Unhedged) please click here