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:
| 1m | 3m | 6m | YTD | 1y | 2y | 3y | 4y | 5y | SI | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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) | ||||||||||
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.
Index Characteristics | |
| Number of Securities | 50 |
|---|---|
| Price/Earnings Ratio | 11.20 |
| Price/Book Ratio | 1.01 |
| As at 30 Sep, 2020 | |
Index Risk Return Measures | ||
| Time period: 12/21/2001 to 09/30/2020 | Index | Benchmark |
|---|---|---|
| Return (% annualized) | 8.74 | 7.08 |
| Std Dev | 17.94 | 12.09 |
| Beta | 1.08 | 1.00 |
| Sharpe | 0.46 | 0.48 |
| Sortino Ratio | 0.64 | 0.70 |
| Up Capture | 115.21 | 100.00 |
| Down Capture | 111.48 | 100.00 |
| As at 30 Sep, 2020 Index: Morningstar® US Target Value Index TR (Unhedged) Benchmark: S&P 500 TR Index (Unhedged) | ||
Number of securities: 98
| Security Type | % |
|---|---|
| Foreign Stock | 99.80% |
| Currency Security | 0.20% |
| Name | Security Type | ISIN | Ticker | % |
|---|---|---|---|---|
| ENDO INTERNATIONAL PLC | Foreign Stock | IE00BJ3V9050 | ENDP US | 6.00 |
| GROUP 1 AUTOMOTIVE INC | Foreign Stock | US3989051095 | GPI US | 3.90 |
| ONEMAIN HOLDINGS INC | Foreign Stock | US68268W1036 | OMF US | 3.78 |
| AECOM | Foreign Stock | US00766T1007 | ACM US | 3.55 |
| CNO FINANCIAL GROUP INC | Foreign Stock | US12621E1038 | CNO US | 3.45 |
| PINNACLE WEST CAPITAL CORP | Foreign Stock | US7234841010 | PNW US | 3.42 |
| AES CORP/THE | Foreign Stock | US00130H1059 | AES US | 3.39 |
| PENSKE AUTOMOTIVE GROUP INC | Foreign Stock | US70959W1036 | PAG US | 3.36 |
| EXELON CORP | Foreign Stock | US30161N1019 | EXC US | 3.32 |
| ANTHEM INC | Foreign Stock | US0367521038 | ANTM US | 3.31 |
| ENTERGY CORP | Foreign Stock | US29364G1031 | ETR US | 3.28 |
| GREIF INC | Foreign Stock | US3976241071 | GEF US | 3.28 |
| ATLAS AIR WORLDWIDE HOLDINGS I | Foreign Stock | US0491642056 | AAWW US | 3.25 |
| UNUM GROUP | Foreign Stock | US91529Y1064 | UNM US | 3.16 |
| AMERICAN EQUITY INVESTMENT LIF | Foreign Stock | US0256762065 | AEL US | 3.16 |
| BGC PARTNERS INC | Foreign Stock | US05541T1016 | BGCP US | 3.13 |
| MDU RESOURCES GROUP INC | Foreign Stock | US5526901096 | MDU US | 3.13 |
| MCKESSON CORP | Foreign Stock | US58155Q1031 | MCK US | 3.10 |
| ODP CORP/THE | Foreign Stock | US88337F1057 | ODP US | 3.10 |
| JABIL INC | Foreign Stock | US4663131039 | JBL US | 3.08 |
| ENOVA INTERNATIONAL INC | Foreign Stock | US29357K1034 | ENVA US | 3.07 |
| AMERISOURCEBERGEN CORP | Foreign Stock | US03073E1055 | ABC US | 3.02 |
| SPARTANNASH CO | Foreign Stock | US8472151005 | SPTN US | 3.00 |
| CIMAREX ENERGY CO | Foreign Stock | US1717981013 | XEC US | 2.99 |
| ARCBEST CORP | Foreign Stock | US03937C1053 | ARCB US | 2.97 |
| CNX RESOURCES CORP | Foreign Stock | US12653C1080 | CNX US | 2.96 |
| NATIONAL GENERAL HOLDINGS CORP | Foreign Stock | US6362203035 | NGHC US | 2.95 |
| CONDUENT INC | Foreign Stock | US2067871036 | CNDT US | 2.90 |
| TEVA PHARMACEUTICAL INDUSTRIES | Foreign Stock | US8816242098 | TEVA US | 2.88 |
| GRAPHIC PACKAGING HOLDING CO | Foreign Stock | US3886891015 | GPK US | 2.88 |
| EDGEWELL PERSONAL CARE CO | Foreign Stock | US28035Q1022 | EPC US | 2.88 |
| BERRY GLOBAL GROUP INC | Foreign Stock | US08579W1036 | BERY US | 2.86 |
| MYLAN NV | Foreign Stock | NL0011031208 | MYL US | 2.85 |
| WALGREENS BOOTS ALLIANCE INC | Foreign Stock | US9314271084 | WBA US | 2.84 |
| CVS HEALTH CORP | Foreign Stock | US1266501006 | CVS US | 2.80 |
| PERSPECTA INC | Foreign Stock | US7153471005 | PRSP US | 2.77 |
| MATADOR RESOURCES CO | Foreign Stock | US5764852050 | MTDR US | 2.76 |
| KROGER CO/THE | Foreign Stock | US5010441013 | KR US | 2.70 |
| MURPHY USA INC | Foreign Stock | US6267551025 | MUSA US | 2.64 |
| INGLES MARKETS INC | Foreign Stock | US4570301048 | IMKTA US | 2.57 |
| SPROUTS FARMERS MARKET INC | Foreign Stock | US85208M1027 | SFM US | 2.56 |
| UNITED NATURAL FOODS INC | Foreign Stock | US9111631035 | UNFI US | 2.53 |
| ENCORE CAPITAL GROUP INC | Foreign Stock | US2925541029 | ECPG US | 2.51 |
| CENTURYLINK INC | Foreign Stock | US1567001060 | LUMN US | 2.50 |
| ADTALEM GLOBAL EDUCATION INC | Foreign Stock | US00737L1035 | ATGE US | 2.41 |
| UNITED STATES CELLULAR CORP | Foreign Stock | US9116841084 | USM US | 2.40 |
| WPX ENERGY INC | Foreign Stock | US98212B1035 | WPX US | 2.39 |
| TELEPHONE AND DATA SYSTEMS INC | Foreign Stock | US8794338298 | TDS US | 2.19 |
| QURATE RETAIL INC | Foreign Stock | US74915M1009 | QRTEA US | 2.09 |
| Currency Security | 0.30 | |||
As at: 23 October 2020 | 148.32% | |||
Twelve month trailing distribution yield : 1.74% (as at 23 Oct 2020)
| XXM.B | Total | Cash | Reinvested | Eligible dividends | Non eligible dividends | Other income | Capital Gains | Return of capital | Foreign Income | Foreign 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.
30 Jun, 2020 - Semi-Annual Financial Statements
31 Dec, 2019 - Annual Financial Statements
30 Jun, 2020 - Management Report of Fund Performance
31 Dec, 2019 - Annual Management Report of Fund Performance
31 Mar, 2020 - Summary of Investment Portfolio
30 Sep, 2019 - Summary of Investment Portfolio
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