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 -4.51%-2.44%21.36%-27.68%-21.55%-20.69%-12.74%-8.21%-5.90%1.69%
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 Ratio11.20
Price/Book Ratio1.01
As at 30 Sep, 2020

Index Risk Return Measures

Time period: 12/21/2001 to 09/30/2020 Index Benchmark
Return (% annualized)8.747.08
Std Dev17.9412.09
Beta1.081.00
Sharpe0.460.48
Sortino Ratio0.640.70
Up Capture115.21100.00
Down Capture111.48100.00
As at 30 Sep, 2020
Index: Morningstar® US Target Value Index TR (Unhedged)
Benchmark: S&P 500 TR Index (Unhedged)

Number of securities: 98

Asset Allocation

Security Type%
Foreign Stock99.80%
Currency Security0.20%

Holdings

NameSecurity TypeISINTicker %
ENDO INTERNATIONAL PLC Foreign StockIE00BJ3V9050 ENDP US 6.00
GROUP 1 AUTOMOTIVE INC Foreign StockUS3989051095 GPI US 3.90
ONEMAIN HOLDINGS INC Foreign StockUS68268W1036 OMF US 3.78
AECOM Foreign StockUS00766T1007 ACM US 3.55
CNO FINANCIAL GROUP INC Foreign StockUS12621E1038 CNO US 3.45
PINNACLE WEST CAPITAL CORP Foreign StockUS7234841010 PNW US 3.42
AES CORP/THE Foreign StockUS00130H1059 AES US 3.39
PENSKE AUTOMOTIVE GROUP INC Foreign StockUS70959W1036 PAG US 3.36
EXELON CORP Foreign StockUS30161N1019 EXC US 3.32
ANTHEM INC Foreign StockUS0367521038 ANTM US 3.31
ENTERGY CORP Foreign StockUS29364G1031 ETR US 3.28
GREIF INC Foreign StockUS3976241071 GEF US 3.28
ATLAS AIR WORLDWIDE HOLDINGS I Foreign StockUS0491642056 AAWW US 3.25
UNUM GROUP Foreign StockUS91529Y1064 UNM US 3.16
AMERICAN EQUITY INVESTMENT LIF Foreign StockUS0256762065 AEL US 3.16
BGC PARTNERS INC Foreign StockUS05541T1016 BGCP US 3.13
MDU RESOURCES GROUP INC Foreign StockUS5526901096 MDU US 3.13
MCKESSON CORP Foreign StockUS58155Q1031 MCK US 3.10
ODP CORP/THE Foreign StockUS88337F1057 ODP US 3.10
JABIL INC Foreign StockUS4663131039 JBL US 3.08
ENOVA INTERNATIONAL INC Foreign StockUS29357K1034 ENVA US 3.07
AMERISOURCEBERGEN CORP Foreign StockUS03073E1055 ABC US 3.02
SPARTANNASH CO Foreign StockUS8472151005 SPTN US 3.00
CIMAREX ENERGY CO Foreign StockUS1717981013 XEC US 2.99
ARCBEST CORP Foreign StockUS03937C1053 ARCB US 2.97
CNX RESOURCES CORP Foreign StockUS12653C1080 CNX US 2.96
NATIONAL GENERAL HOLDINGS CORP Foreign StockUS6362203035 NGHC US 2.95
CONDUENT INC Foreign StockUS2067871036 CNDT US 2.90
TEVA PHARMACEUTICAL INDUSTRIES Foreign StockUS8816242098 TEVA US 2.88
GRAPHIC PACKAGING HOLDING CO Foreign StockUS3886891015 GPK US 2.88
EDGEWELL PERSONAL CARE CO Foreign StockUS28035Q1022 EPC US 2.88
BERRY GLOBAL GROUP INC Foreign StockUS08579W1036 BERY US 2.86
MYLAN NV Foreign StockNL0011031208 MYL US 2.85
WALGREENS BOOTS ALLIANCE INC Foreign StockUS9314271084 WBA US 2.84
CVS HEALTH CORP Foreign StockUS1266501006 CVS US 2.80
PERSPECTA INC Foreign StockUS7153471005 PRSP US 2.77
MATADOR RESOURCES CO Foreign StockUS5764852050 MTDR US 2.76
KROGER CO/THE Foreign StockUS5010441013 KR US 2.70
MURPHY USA INC Foreign StockUS6267551025 MUSA US 2.64
INGLES MARKETS INC Foreign StockUS4570301048 IMKTA US 2.57
SPROUTS FARMERS MARKET INC Foreign StockUS85208M1027 SFM US 2.56
UNITED NATURAL FOODS INC Foreign StockUS9111631035 UNFI US 2.53
ENCORE CAPITAL GROUP INC Foreign StockUS2925541029 ECPG US 2.51
CENTURYLINK INC Foreign StockUS1567001060 LUMN US 2.50
ADTALEM GLOBAL EDUCATION INC Foreign StockUS00737L1035 ATGE US 2.41
UNITED STATES CELLULAR CORP Foreign StockUS9116841084 USM US 2.40
WPX ENERGY INC Foreign StockUS98212B1035 WPX US 2.39
TELEPHONE AND DATA SYSTEMS INC Foreign StockUS8794338298 TDS US 2.19
QURATE RETAIL INC Foreign StockUS74915M1009 QRTEA US 2.09
Currency Security 0.30

As at: 23 October 2020
Holdings are subject to change

148.32%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 1.74% (as at 23 Oct 2020)

XXM.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.44219$1.13749$2.30470---$1.83432$0.01059$1.67348$0.21811
2020 +$0.14190$0.14190--------
24-Sep$0.04810$0.04810--------
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, 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 Value Index ETF (Unhedged) please click here