CI First Asset U.S. Buyback Index ETF (CAD Hedged)

Fund Overview

CI First Asset U.S. Buyback Index ETF (the "Fund") provides investors with exposure to a portfolio of equity securities of quality companies with active share buyback programs that have significantly and consistently reduced their issued and outstanding share count. The Fund has been designed to replicate the performance of the CIBC U.S. Buyback Index (the "Index"), net of expenses. The Index is comprised of equity securities of large cap U.S. listed issuers. Securities will be equally weighted and rebalanced quarterly.

FBU 7.96%5.79%18.52%18.52%10.19%13.76%15.17%
As at: 30 Jun 2019 - Benchmark: S&P 500 Index (Total Return)


Sector Breakdown*

As at 28 June 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 Securities40
Price/Earnings Ratio14.91
Price/Book Ratio2.29
As at 28 Jun, 2019

Index Risk Return Measures

Time period: 11/30/-0001 to 06/28/2019IndexBenchmark
Return (% annualized)13.115.84
Std Dev15.6614.58
Sortino Ratio1.250.42
Up Capture112.00100.00
Down Capture76.49100.00
As at 28 Jun, 2019
Index: CIBC U.S. Buyback Index
Benchmark: S&P 500 TR Index (USD)


Distribution details (.csv)

Twelve month trailing distribution yield : 0.76% (as at 23 Jul 2019)

FBUTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2019 +$0.10880$0.10880--------
2018 +$0.21750$0.21750-----$0.04637$0.20133$0.03019
2017 +$0.34650$0.26650$0.08000----$0.00671$0.39969$0.05990
2016 +$0.05200$0.05200-----$0.04073$0.01326$0.00199

(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.


18 Dec 2018 Stock buybacks hit a record $1.1 trillion, and the year's not over CNBC | Trader Talk with Bob Pisani
12 Feb 2018 Share buybacks could add fuel to Wall Street rebound | Noel Randewich
3 Jan 2018 How Much Can Buybacks Rise on Tax Cuts? This Estimate Says 70% Bloomberg News | Elena Popina
29 Aug 2017 These ETFs Might Be The Greatest Beneficiary Of Tax Reform | David Sterman