CI MSCI Europe Low Risk Weighted ETF (Unhedged)

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the MSCI Europe Risk Weighted Top 100 Index (the "Index"), net of expenses. The Index is based on a traditional market capitalization weighted parent index, the MSCI Europe Index, which includes developed Europe large and mid-capitalization stocks. Constructed using a simple, but effective and transparent process, each security of the parent index is reweighted so that stocks with lower risk are given higher index weights. The final constituents of the Index are determined by ranking these security level risk weights and taking the top 100 subset securities. The Index seeks to emphasize stocks with lower historical return variance and tends to have a bias towards lower size and lower risk stocks. Historically, the Index has exhibited lower realized volatility in comparison to its parent index, while maintaining reasonable liquidity and capacity. 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 European equity exposure on a currency unhedged basis
  • are primarily focused on risk mitigation
  • want to receive regular quarterly cash flows (if any)
  • can tolerate low to medium risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
RWE.B 3.14%7.05%3.73%3.73%12.60%4.60%4.88%5.04%6.26%7.37%
As at: 30 Jun 2021

 

Historical NAVs

Sector Breakdown

As at June 30, 2021

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.


Key Facts

Index Characteristics

Number of Securities100
Price/Earnings Ratio18.99
Price/Book Ratio2.79
As at 30 Jun, 2021

Index Risk Return Measures

Time period: 12/31/1998 to 06/30/2021 Index Benchmark
Return (% annualized)7.084.14
Std Dev11.4414.39
Beta0.661.00
Sharpe0.470.21
Sortino Ratio0.710.29
Up Capture78.05100.00
Down Capture58.03100.00
As at 30 Jun, 2021
Index: MSCI Europe Risk Weighted Top 100 Index
Benchmark: MSCI Europe GR Index (Unhedged)

Number of securities: 100

Asset Allocation

Security Type%
Foreign Stock99.12%
Preferred Stock0.77%
Currency Security0.11%

Holdings

NameSecurity TypeISINTicker %
CHOCOLADEFABRIKEN LINDT & SPRU Foreign StockCH0010570767 LISP SE 3.10
NESTLE SA Foreign StockCH0038863350 NESN SW 1.83
GIVAUDAN SA Foreign StockCH0010645932 GIVN SW 1.81
WM MORRISON SUPERMARKETS PLC Foreign StockGB0006043169 MRW LN 1.66
SWISSCOM AG Foreign StockCH0008742519 SCMN SW 1.65
CRODA INTERNATIONAL PLC Foreign StockGB00BJFFLV09 CRDA LN 1.46
BANQUE CANTONALE VAUDOISE Foreign StockCH0531751755 BCVN SW 1.46
ADMIRAL GROUP PLC Foreign StockGB00B02J6398 ADM LN 1.44
SEGRO PLC Foreign StockGB00B5ZN1N88 SGRO LN 1.41
ORKLA ASA Foreign StockNO0003733800 ORK NO 1.39
SWISS PRIME SITE AG Foreign StockCH0008038389 SPSN SW 1.39
ROCHE HOLDING AG Foreign StockCH0012032113 RO SW 1.34
WOLTERS KLUWER NV Foreign StockNL0000395903 WKL NA 1.31
BARRY CALLEBAUT AG Foreign StockCH0009002962 BARN SW 1.31
GEBERIT AG Foreign StockCH0030170408 GEBN SW 1.28
ROCHE HOLDING AG Foreign StockCH0012032048 ROG SW 1.24
TELENOR ASA Foreign StockNO0010063308 TEL NO 1.24
SGS SA Foreign StockCH0002497458 SGSN SW 1.22
EMS-CHEMIE HOLDING AG Foreign StockCH0016440353 EMSN SW 1.21
SYMRISE AG Foreign StockDE000SYM9999 SY1 GR 1.18
AIR LIQUIDE SA Foreign StockFR0000120073 AI FP 1.17
HERMES INTERNATIONAL Foreign StockFR0000052292 RMS FP 1.14
SEVERN TRENT PLC Foreign StockGB00B1FH8J72 SVT LN 1.13
SCHINDLER HOLDING AG Foreign StockCH0024638212 SCHN SW 1.12
KONE OYJ Foreign StockFI0009013403 KNEBV FH 1.11
KERRY GROUP PLC Foreign StockIE0004906560 KYGA ID 1.10
L E LUNDBERGFORETAGEN AB Foreign StockSE0000108847 LUNDB SS 1.09
NOVARTIS AG Foreign StockCH0012005267 NOVN SW 1.08
GJENSIDIGE FORSIKRING ASA Foreign StockNO0010582521 GJF NO 1.08
LEG IMMOBILIEN SE Foreign StockDE000LEG1110 LEG GR 1.06
DIAGEO PLC Foreign StockGB0002374006 DGE LN 1.04
SCHINDLER HOLDING AG Foreign StockCH0024638196 SCHP SW 1.04
RED ELECTRICA CORP SA Foreign StockES0173093024 REE SM 1.04
UNILEVER PLC Foreign StockGB00B10RZP78 ULVR LN 1.03
DANONE SA Foreign StockFR0000120644 BN FP 1.03
NATIONAL GRID PLC Foreign StockGB00BDR05C01 NG/ LN 1.03
INVESTOR AB Foreign StockSE0015811963 INVEB SS 1.02
KONINKLIJKE AHOLD DELHAIZE NV Foreign StockNL0011794037 AD NA 1.02
TESCO PLC Foreign StockGB00BLGZ9862 TSCO LN 1.01
SPIRAX-SARCO ENGINEERING PLC Foreign StockGB00BWFGQN14 SPX LN 1.01
NOVO NORDISK A/S Foreign StockDK0060534915 NOVOB DC 0.99
BEIERSDORF AG Foreign StockDE0005200000 BEI GR 0.99
LOREAL SA Foreign StockFR0000120321 OR FP 0.99
MERCK KGAA Foreign StockDE0006599905 MRK GR 0.98
RECORDATI INDUSTRIA CHIMICA E Foreign StockIT0003828271 REC IM 0.98
KUEHNE + NAGEL INTERNATIONAL A Foreign StockCH0025238863 KNIN SW 0.97
DEUTSCHE WOHNEN SE Foreign StockDE000A0HN5C6 DWNI GR 0.97
GLAXOSMITHKLINE PLC Foreign StockGB0009252882 GSK LN 0.97
CARLSBERG AS Foreign StockDK0010181759 CARLB DC 0.95
TERNA SPA Foreign StockIT0003242622 TRN IM 0.95
VONOVIA SE Foreign StockDE000A1ML7J1 VNA GR 0.94
SOFINA SA Foreign StockBE0003717312 SOF BB 0.92
COLOPLAST A/S Foreign StockDK0060448595 COLOB DC 0.92
KONINKLIJKE DSM NV Foreign StockNL0000009827 DSM NA 0.91
BUNZL PLC Foreign StockGB00B0744B38 BNZL LN 0.91
ESSITY AB Foreign StockSE0009922164 ESSITYB SS 0.91
TRYG A/S Foreign StockDK0060636678 TRYG DC 0.91
HALMA PLC Foreign StockGB0004052071 HLMA LN 0.90
UNITED UTILITIES GROUP PLC Foreign StockGB00B39J2M42 UU/ LN 0.90
TELIA CO AB Foreign StockSE0000667925 TELIA SS 0.90
KONINKLIJKE VOPAK NV Foreign StockNL0009432491 VPK NA 0.89
SANOFI Foreign StockFR0000120578 SAN FP 0.88
DEUTSCHE TELEKOM AG Foreign StockDE0005557508 DTE GR 0.86
HENKEL AG & CO KGAA Foreign StockDE0006048408 HEN GR 0.86
SCOUT24 AG Foreign StockDE000A12DM80 G24 GR 0.86
GROUPE BRUXELLES LAMBERT SA Foreign StockBE0003797140 GBLB BB 0.85
ELISA OYJ Foreign StockFI0009007884 ELISA FH 0.85
RELX PLC Foreign StockGB00B2B0DG97 REL LN 0.85
VIVENDI SE Foreign StockFR0000127771 VIV FP 0.85
PERNOD RICARD SA Foreign StockFR0000120693 RI FP 0.84
BUREAU VERITAS SA Foreign StockFR0006174348 BVI FP 0.83
INDUSTRIVARDEN AB Foreign StockSE0000107203 INDUC SS 0.83
RENTOKIL INITIAL PLC Foreign StockGB00B082RF11 RTO LN 0.82
SIEMENS HEALTHINEERS AG Foreign StockDE000SHL1006 SHL GR 0.82
UNIPER SE Foreign StockDE000UNSE018 UN01 GR 0.82
IBERDROLA SA Foreign StockES0144580Y14 IBE SM 0.81
SNAM SPA Foreign StockIT0003153415 SRG IM 0.81
ETABLISSEMENTS FRANZ COLRUYT N Foreign StockBE0974256852 COLR BB 0.81
INDUSTRIVARDEN AB Foreign StockSE0000190126 INDUA SS 0.79
RECKITT BENCKISER GROUP PLC Foreign StockGB00B24CGK77 RKT LN 0.79
HENKEL AG & CO KGAA Preferred StockDE0006048432 HEN3 GR 0.77
SAGE GROUP PLC/THE Foreign StockGB00B8C3BL03 SGE LN 0.75
E.ON SE Foreign StockDE000ENAG999 EOAN GR 0.74
HEINEKEN NV Foreign StockNL0000009165 HEIA NA 0.73
HEINEKEN HOLDING NV Foreign StockNL0000008977 HEIO NA 0.73
DEUTSCHE BOERSE AG Foreign StockDE0005810055 DB1 GR 0.72
EDP - ENERGIAS DE PORTUGAL SA Foreign StockPTEDP0AM0009 EDP PL 0.72
ASSA ABLOY AB Foreign StockSE0007100581 ASSAB SS 0.71
ENAGAS SA Foreign StockES0130960018 ENG SM 0.69
LEGRAND SA Foreign StockFR0010307819 LR FP 0.69
SECURITAS AB Foreign StockSE0000163594 SECUB SS 0.65
ZURICH INSURANCE GROUP AG Foreign StockCH0011075394 ZURN SW 0.65
ORANGE SA Foreign StockFR0000133308 ORA FP 0.63
INTERTEK GROUP PLC Foreign StockGB0031638363 ITRK LN 0.62
ENDESA SA Foreign StockES0130670112 ELE SM 0.61
NATURGY ENERGY GROUP SA Foreign StockES0116870314 NTGY SM 0.61
HSBC HOLDINGS PLC Foreign StockGB0005405286 HSBA LN 0.58
KONINKLIJKE PHILIPS NV Foreign StockNL0000009538 PHIA NA 0.57
ALSTOM SA Foreign StockFR0010220475 ALO FP 0.54
IBERDROLA SA Foreign StockES06445809M0 IBE/D SM 0.02
BRITISH POUND Currency Security 0.01
DANISH KRONER Currency Security 0.02
EUROPEAN CURRENCY UNIT Currency Security 0.03
NORWEGIAN KRONE Currency Security 0.01
SWEDISH KRONA Currency Security 0.01
SWISS FRANC Currency Security 0.01
US DOLLAR Currency Security 0.01

As at: 29 July 2021
Holdings are subject to change

99.69%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 1.72% (as at 29 Jul 2021)

RWE.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$4.48510$3.87960$0.60550---$0.27094$0.16528$4.34958$0.51632
2021 +$0.21560$0.21560--------
24-Jun$0.11300$0.11300--------
25-Mar$0.10260$0.10260--------
2020 +$0.60610$0.60610-----$0.07137$0.62908$0.09435
23-Dec$0.15380$0.15380-----$0.01811$0.15963$0.02394
24-Sep$0.15380$0.15380-----$0.01811$0.15963$0.02394
24-Jun$0.15380$0.15380-----$0.01811$0.15963$0.02394
25-Mar$0.14470$0.14470-----$0.01704$0.15019$0.02253
2019 +$0.57500$0.56600$0.00900----$0.02693$0.64479$0.09672
30-Dec$0.00900-$0.00900----$0.00042$0.01009$0.00151
23-Dec$0.14470$0.14470-----$0.00678$0.16226$0.02434
24-Sep$0.14070$0.14070-----$0.00659$0.15778$0.02367
24-Jun$0.14070$0.14070-----$0.00659$0.15778$0.02367
25-Mar$0.13990$0.13990-----$0.00655$0.15688$0.02353
2018 +$0.83500$0.56900$0.26600---$0.27094$0.00159$0.66170$0.09925
28-Dec$0.26600-$0.26600---$0.08631$0.00051$0.21080$0.03162
21-Dec$0.14190$0.14190----$0.04604$0.00027$0.11245$0.01687
24-Sep$0.14280$0.14280----$0.04634$0.00027$0.11316$0.01697
25-Jun$0.14280$0.14280----$0.04634$0.00027$0.11316$0.01697
23-Mar$0.14150$0.14150----$0.04591$0.00027$0.11213$0.01682
2017 +$0.56240$0.49240$0.07000-----$0.63176$0.06936
28-Dec$0.12300$0.12300------$0.13817$0.01517
28-Dec$0.07000-$0.07000-----$0.07863$0.00863
28-Sep$0.12300$0.12300------$0.13817$0.01517
29-Jun$0.12540$0.12540------$0.14087$0.01547
30-Mar$0.12100$0.12100------$0.13592$0.01492
2016 +$0.70870$0.51350$0.19520----$0.00005$0.78742$0.07877
29-Dec$0.19520-$0.19520----$0.00001$0.21688$0.02169
29-Dec$0.11760$0.11760-----$0.00001$0.13066$0.01307
29-Sep$0.12620$0.12620-----$0.00001$0.14022$0.01403
29-Jun$0.13260$0.13260-----$0.00001$0.14733$0.01474
30-Mar$0.13710$0.13710-----$0.00001$0.15233$0.01524
2015 +$0.49120$0.49120-----$0.06392$0.46620$0.03892
30-Dec$0.13610$0.13610-----$0.01771$0.12917$0.01078
29-Sep$0.12710$0.12710-----$0.01654$0.12063$0.01007
29-Jun$0.12090$0.12090-----$0.01573$0.11475$0.00958
30-Mar$0.10710$0.10710-----$0.01394$0.10165$0.00849
2014 +$0.49110$0.42580$0.06530----$0.00142$0.52863$0.03895
30-Dec$0.06530-$0.06530----$0.00019$0.07029$0.00518
30-Dec$0.13580$0.13580-----$0.00039$0.14618$0.01077
29-Sep$0.11400$0.11400-----$0.00033$0.12271$0.00904
27-Jun$0.17600$0.17600-----$0.00051$0.18945$0.01396

(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
11 Feb 2014 First Asset launches "risk-weighted" equity ETFs Morningstar | Rudy Luukko

Documents

22 Apr, 2021 - 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 MSCI Europe Low Risk Weighted ETF (Unhedged) please click here