CI MSCI International Low Risk Weighted ETF (Unhedged)

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the MSCI EAFE Risk Weighted Top 175 Index (the "Index"), net of expenses. The Index is based on a traditional market capitalization weighted parent index, the MSCI EAFE Index, which includes 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 175 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 international 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

 1m3m6mYTD1y2y3y4ySI
RWX.B 3.40%3.69%5.37%7.23%7.23%0.36%4.64%3.32%3.98%
Benchmark3.51%2.39%4.29%10.32%10.32%8.09%10.62%6.20%7.35%
As at: 31 Dec 2021 - Benchmark: MSCI EAFE NR Index (Unhedged)

 

Historical NAVs

Sector Breakdown

As at November 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.


The MSCI EAFE Index (Europe, Australasia and the Far East) is an equity index which captures large and mid cap representation across Developed Markets countries in Europe, Australasia and the Far East. With 901 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. The Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of certain Eastern and European Developed Markets.

Key Facts

Index Characteristics

Number of Securities176
Price/Earnings Ratio17.00
Price/Book Ratio1.74
As at 30 Nov, 2021

Index Risk Return Measures

Time period: 12/31/1998 to 11/30/2021 Index Benchmark
Return (% annualized)6.834.19
Std Dev9.9712.76
Beta0.601.00
Sharpe0.510.22
Sortino Ratio0.780.31
Up Capture69.70100.00
Down Capture45.81100.00
As at 30 Nov, 2021
Index: MSCI EAFE Risk Weighted Top 175 Index (Unhedged)
Benchmark: MSCI EAFE NR Index (Unhedged)

Number of securities: 174

Asset Allocation

Security Type%
Foreign Stock99.38%
Preferred Stock0.54%
Currency Security0.06%

Holdings

NameSecurity TypeISINTicker %
HK ELECTRIC INVESTMENTS & HK E Foreign StockHK0000179108 2638 HK 2.01
CHOCOLADEFABRIKEN LINDT & SPRU Foreign StockCH0010570767 LISP SE 1.43
CLP HOLDINGS LTD Foreign StockHK0002007356 2 HK 1.32
NESTLE SA Foreign StockCH0038863350 NESN SW 1.08
MTR CORP LTD Foreign StockHK0066009694 66 HK 0.99
POWER ASSETS HOLDINGS LTD Foreign StockHK0006000050 6 HK 0.98
HONG KONG & CHINA GAS CO LTD Foreign StockHK0003000038 3 HK 0.97
ORKLA ASA Foreign StockNO0003733800 ORK NO 0.93
SWISSCOM AG Foreign StockCH0008742519 SCMN SW 0.90
GIVAUDAN SA Foreign StockCH0010645932 GIVN SW 0.88
HKT TRUST & HKT LTD Foreign StockHK0000093390 6823 HK 0.85
TELENOR ASA Foreign StockNO0010063308 TEL NO 0.83
MCDONALDS HOLDINGS CO JAPAN L Foreign StockJP3750500005 2702 JP 0.79
JAPAN TOBACCO INC Foreign StockJP3726800000 2914 JP 0.79
MEIJI HOLDINGS CO LTD Foreign StockJP3918000005 2269 JP 0.77
BARRY CALLEBAUT AG Foreign StockCH0009002962 BARN SW 0.77
SINGAPORE EXCHANGE LTD Foreign StockSG1J26887955 SGX SP 0.77
ADMIRAL GROUP PLC Foreign StockGB00B02J6398 ADM LN 0.76
ASX LTD Foreign StockAU000000ASX7 ASX AU 0.76
SEVERN TRENT PLC Foreign StockGB00B1FH8J72 SVT LN 0.75
SWISS PRIME SITE AG Foreign StockCH0008038389 SPSN SW 0.73
GJENSIDIGE FORSIKRING ASA Foreign StockNO0010582521 GJF NO 0.72
OVERSEA-CHINESE BANKING CORP L Foreign StockSG1S04926220 OCBC SP 0.72
AIR LIQUIDE SA Foreign StockFR0000120073 AI FP 0.71
NIPPON TELEGRAPH & TELEPHONE C Foreign StockJP3735400008 9432 JP 0.71
NATIONAL GRID PLC Foreign StockGB00BDR05C01 NG/ LN 0.71
NOVARTIS AG Foreign StockCH0012005267 NOVN SW 0.71
UOL GROUP LTD Foreign StockSG1S83002349 UOL SP 0.70
ROCHE HOLDING AG Foreign StockCH0012032113 RO SW 0.69
SGS SA Foreign StockCH0002497458 SGSN SW 0.68
WOOLWORTHS GROUP LTD Foreign StockAU000000WOW2 WOW AU 0.67
SEGRO PLC Foreign StockGB00B5ZN1N88 SGRO LN 0.67
KONE OYJ Foreign StockFI0009013403 KNEBV FH 0.67
EMS-CHEMIE HOLDING AG Foreign StockCH0016440353 EMSN SW 0.66
GLAXOSMITHKLINE PLC Foreign StockGB0009252882 GSK LN 0.66
ROCHE HOLDING AG Foreign StockCH0012032048 ROG SW 0.65
UNITED OVERSEAS BANK LTD Foreign StockSG1M31001969 UOB SP 0.65
SINGAPORE TELECOMMUNICATIONS L Foreign StockSG1T75931496 ST SP 0.65
SECOM CO LTD Foreign StockJP3421800008 9735 JP 0.65
SCHINDLER HOLDING AG Foreign StockCH0024638212 SCHN SW 0.65
UNILEVER PLC Foreign StockGB00B10RZP78 ULVR LN 0.64
WOLTERS KLUWER NV Foreign StockNL0000395903 WKL NA 0.62
TESCO PLC Foreign StockGB00BLGZ9862 TSCO LN 0.62
RED ELECTRICA CORP SA Foreign StockES0173093024 REE SM 0.61
KONINKLIJKE AHOLD DELHAIZE NV Foreign StockNL0011794037 AD NA 0.61
DIAGEO PLC Foreign StockGB0002374006 DGE LN 0.61
ELBIT SYSTEMS LTD Foreign StockIL0010811243 ESLT IT 0.61
BANK LEUMI LE-ISRAEL BM Foreign StockIL0006046119 LUMI IT 0.61
SYMRISE AG Foreign StockDE000SYM9999 SY1 GR 0.61
SPARK NEW ZEALAND LTD Foreign StockNZTELE0001S4 SPK NZ 0.60
APA GROUP Foreign StockAU000000APA1 APA AU 0.60
HENKEL AG & CO KGAA Foreign StockDE0006048408 HEN GR 0.59
SANOFI Foreign StockFR0000120578 SAN FP 0.59
KAO CORP Foreign StockJP3205800000 4452 JP 0.59
TOKYO GAS CO LTD Foreign StockJP3573000001 9531 JP 0.59
DANONE SA Foreign StockFR0000120644 BN FP 0.59
SCHINDLER HOLDING AG Foreign StockCH0024638196 SCHP SW 0.58
BANK HAPOALIM BM Foreign StockIL0006625771 POLI IT 0.58
CRODA INTERNATIONAL PLC Foreign StockGB00BJFFLV09 CRDA LN 0.58
HANG SENG BANK LTD Foreign StockHK0011000095 11 HK 0.58
OSAKA GAS CO LTD Foreign StockJP3180400008 9532 JP 0.58
TELIA CO AB Foreign StockSE0000667925 TELIA SS 0.58
CHECK POINT SOFTWARE TECHNOLOG Foreign StockIL0010824113 CHKP US 0.57
GEBERIT AG Foreign StockCH0030170408 GEBN SW 0.57
TELSTRA CORP LTD Foreign StockAU000000TLS2 TLS AU 0.56
BEIERSDORF AG Foreign StockDE0005200000 BEI GR 0.56
DBS GROUP HOLDINGS LTD Foreign StockSG1L01001701 DBS SP 0.56
E.ON SE Foreign StockDE000ENAG999 EOAN GR 0.55
KDDI CORP Foreign StockJP3496400007 9433 JP 0.55
TERNA - RETE ELETTRICA NAZIONA Foreign StockIT0003242622 TRN IM 0.55
RECKITT BENCKISER GROUP PLC Foreign StockGB00B24CGK77 RKT LN 0.55
UNITED UTILITIES GROUP PLC Foreign StockGB00B39J2M42 UU/ LN 0.55
TRYG A/S Foreign StockDK0060636678 TRYG DC 0.54
COMMONWEALTH BANK OF AUSTRALIA Foreign StockAU000000CBA7 CBA AU 0.54
ESSITY AB Foreign StockSE0009922164 ESSITYB SS 0.54
MITSUBISHI CORP Foreign StockJP3898400001 8058 JP 0.54
INVESTOR AB Foreign StockSE0015811955 INVEA SS 0.54
BRAMBLES LTD Foreign StockAU000000BXB1 BXB AU 0.54
ITOCHU CORP Foreign StockJP3143600009 8001 JP 0.54
KERRY GROUP PLC Foreign StockIE0004906560 KYGA ID 0.54
HENKEL AG & CO KGAA Preferred StockDE0006048432 HEN3 GR 0.54
WESFARMERS LTD Foreign StockAU000000WES1 WES AU 0.54
SINGAPORE TECHNOLOGIES ENGINEE Foreign StockSG1F60858221 STE SP 0.53
BOC HONG KONG HOLDINGS LTD Foreign StockHK2388011192 2388 HK 0.53
CARLSBERG AS Foreign StockDK0010181759 CARLB DC 0.53
MEDIBANK PVT LTD Foreign StockAU000000MPL3 MPL AU 0.53
TOKIO MARINE HOLDINGS INC Foreign StockJP3910660004 8766 JP 0.53
LINK REIT Foreign StockHK0823032773 823 HK 0.53
JAPAN POST BANK CO LTD Foreign StockJP3946750001 7182 JP 0.53
RIO TINTO LTD Foreign StockAU000000RIO1 RIO AU 0.52
SEVEN & I HOLDINGS CO LTD Foreign StockJP3422950000 3382 JP 0.52
MS&AD INSURANCE GROUP HOLDINGS Foreign StockJP3890310000 8725 JP 0.52
LOREAL SA Foreign StockFR0000120321 OR FP 0.52
UNIPER SE Foreign StockDE000UNSE018 UN01 GR 0.51
RECORDATI INDUSTRIA CHIMICA E Foreign StockIT0003828271 REC IM 0.51
CHUBU ELECTRIC POWER CO INC Foreign StockJP3526600006 9502 JP 0.51
LEG IMMOBILIEN SE Foreign StockDE000LEG1110 LEG GR 0.51
ELISA OYJ Foreign StockFI0009007884 ELISA FH 0.51
INVESTOR AB Foreign StockSE0015811963 INVEB SS 0.50
IBERDROLA SA Foreign StockES0144580Y14 IBE SM 0.50
MIZRAHI TEFAHOT BANK LTD Foreign StockIL0006954379 MZTF IT 0.49
DEUTSCHE TELEKOM AG Foreign StockDE0005557508 DTE GR 0.49
SNAM SPA Foreign StockIT0003153415 SRG IM 0.49
KONINKLIJKE DSM NV Foreign StockNL0000009827 DSM NA 0.49
DEXUS Foreign StockAU000000DXS1 DXS AU 0.48
HERMES INTERNATIONAL Foreign StockFR0000052292 RMS FP 0.48
VIVENDI SE Foreign StockFR0000127771 VIV FP 0.48
AUSNET SERVICES LTD Foreign StockAU000000AST5 AST AU 0.48
CK INFRASTRUCTURE HOLDINGS LTD Foreign StockBMG2178K1009 1038 HK 0.48
TOYOTA MOTOR CORP Foreign StockJP3633400001 7203 JP 0.47
KUEHNE + NAGEL INTERNATIONAL A Foreign StockCH0025238863 KNIN SW 0.47
YARA INTERNATIONAL ASA Foreign StockNO0010208051 YAR NO 0.47
CK ASSET HOLDINGS LTD Foreign StockKYG2177B1014 1113 HK 0.47
CSL LTD Foreign StockAU000000CSL8 CSL AU 0.47
CK HUTCHISON HOLDINGS LTD Foreign StockKYG217651051 1 HK 0.47
SAGE GROUP PLC/THE Foreign StockGB00B8C3BL03 SGE LN 0.47
HEINEKEN HOLDING NV Foreign StockNL0000008977 HEIO NA 0.46
HEINEKEN NV Foreign StockNL0000009165 HEIA NA 0.46
INDUSTRIVARDEN AB Foreign StockSE0000107203 INDUC SS 0.46
ORANGE SA Foreign StockFR0000133308 ORA FP 0.46
GROUPE BRUXELLES LAMBERT SA Foreign StockBE0003797140 GBLB BB 0.46
DEUTSCHE BOERSE AG Foreign StockDE0005810055 DB1 GR 0.46
BUNZL PLC Foreign StockGB00B0744B38 BNZL LN 0.46
RELX PLC Foreign StockGB00B2B0DG97 REL LN 0.46
HENDERSON LAND DEVELOPMENT CO Foreign StockHK0012000102 12 HK 0.46
USS CO LTD Foreign StockJP3944130008 4732 JP 0.45
BRIDGESTONE CORP Foreign StockJP3830800003 5108 JP 0.45
NISSIN FOODS HOLDINGS CO LTD Foreign StockJP3675600005 2897 JP 0.45
PERNOD RICARD SA Foreign StockFR0000120693 RI FP 0.45
MIZUHO FINANCIAL GROUP INC Foreign StockJP3885780001 8411 JP 0.45
INDUSTRIVARDEN AB Foreign StockSE0000190126 INDUA SS 0.45
EURONEXT NV Foreign StockNL0006294274 ENX FP 0.45
L E LUNDBERGFORETAGEN AB Foreign StockSE0000108847 LUNDB SS 0.45
VONOVIA SE Foreign StockDE000A1ML7J1 VNA GR 0.45
SUNTORY BEVERAGE & FOOD LTD Foreign StockJP3336560002 2587 JP 0.45
TELE2 AB Foreign StockSE0005190238 TEL2B SS 0.44
TOYO SUISAN KAISHA LTD Foreign StockJP3613000003 2875 JP 0.44
JAPAN POST HOLDINGS CO LTD Foreign StockJP3752900005 6178 JP 0.44
ZURICH INSURANCE GROUP AG Foreign StockCH0011075394 ZURN SW 0.44
SUNCORP GROUP LTD Foreign StockAU000000SUN6 SUN AU 0.44
SUN HUNG KAI PROPERTIES LTD Foreign StockHK0016000132 16 HK 0.43
SCOUT24 SE Foreign StockDE000A12DM80 G24 GR 0.43
KEPPEL CORP LTD Foreign StockSG1U68934629 KEP SP 0.43
NOVO NORDISK A/S Foreign StockDK0060534915 NOVOB DC 0.43
MEDIPAL HOLDINGS CORP Foreign StockJP3268950007 7459 JP 0.43
HALMA PLC Foreign StockGB0004052071 HLMA LN 0.43
ETABLISSEMENTS FRANZ COLRUYT N Foreign StockBE0974256852 COLR BB 0.43
SEKISUI HOUSE LTD Foreign StockJP3420600003 1928 JP 0.43
SONIC HEALTHCARE LTD Foreign StockAU000000SHL7 SHL AU 0.42
WILMAR INTERNATIONAL LTD Foreign StockSG1T56930848 WIL SP 0.42
ASCENDAS REAL ESTATE INVESTMEN Foreign StockSG1M77906915 AREIT SP 0.42
KIRIN HOLDINGS CO LTD Foreign StockJP3258000003 2503 JP 0.42
SPIRAX-SARCO ENGINEERING PLC Foreign StockGB00BWFGQN14 SPX LN 0.42
RAMSAY HEALTH CARE LTD Foreign StockAU000000RHC8 RHC AU 0.41
SIEMENS HEALTHINEERS AG Foreign StockDE000SHL1006 SHL GR 0.41
SOFINA SA Foreign StockBE0003717312 SOF BB 0.41
MERCK KGAA Foreign StockDE0006599905 MRK GR 0.41
BUREAU VERITAS SA Foreign StockFR0006174348 BVI FP 0.41
ORIENTAL LAND CO LTD/JAPAN Foreign StockJP3198900007 4661 JP 0.41
COLOPLAST A/S Foreign StockDK0060448595 COLOB DC 0.40
SOHGO SECURITY SERVICES CO LTD Foreign StockJP3431900004 2331 JP 0.40
SIKA AG Foreign StockCH0418792922 SIKA SW 0.40
AJINOMOTO CO INC Foreign StockJP3119600009 2802 JP 0.39
LEGRAND SA Foreign StockFR0010307819 LR FP 0.39
EDP - ENERGIAS DE PORTUGAL SA Foreign StockPTEDP0AM0009 EDP PL 0.39
HANG LUNG PROPERTIES LTD Foreign StockHK0101000591 101 HK 0.39
LAWSON INC Foreign StockJP3982100004 2651 JP 0.38
HONGKONG LAND HOLDINGS LTD Foreign StockBMG4587L1090 HKL SP 0.38
RENTOKIL INITIAL PLC Foreign StockGB00B082RF11 RTO LN 0.37
NITORI HOLDINGS CO LTD Foreign StockJP3756100008 9843 JP 0.37
NIPPON PROLOGIS REIT INC Foreign StockJP3047550003 3283 JP 0.36
RINNAI CORP Foreign StockJP3977400005 5947 JP 0.36
KONINKLIJKE PHILIPS NV Foreign StockNL0000009538 PHIA NA 0.33
TSURUHA HOLDINGS INC Foreign StockJP3536150000 3391 JP 0.31
AUSTRALIAN DOLLAR Currency Security 0.00
BRITISH POUND Currency Security 0.02
DANISH KRONER Currency Security 0.00
EUROPEAN CURRENCY UNIT Currency Security 0.01
HONG KONG DOLLAR Currency Security 0.00
ISRAELI SHEKEL Currency Security 0.00
JAPANESE YEN Currency Security 0.01
NEW ZEALAND DOLLAR Currency Security 0.01
NORWEGIAN KRONE Currency Security 0.00
SINGAPORE DOLLAR Currency Security 0.00
SWEDISH KRONA Currency Security 0.00
SWISS FRANC Currency Security 0.00
US DOLLAR Currency Security 0.01

As at: 20 January 2022
Holdings are subject to change

98.64%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 2.06% (as at 20 Jan 2022)

RWX.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$5.89450$3.01220$2.88230---$0.63413$0.13775$5.07852$0.74350
2021 +$0.78760$0.40830$0.37930-------
30-Dec$0.37930-$0.37930-------
23-Dec$0.09530$0.09530--------
23-Sep$0.09250$0.09250--------
24-Jun$0.12850$0.12850--------
25-Mar$0.09200$0.09200--------
2020 +$3.86220$1.52420$2.33800-----$4.54370$0.68150
30-Dec$2.33800-$2.33800-----$2.75055$0.41255
23-Dec$0.20140$0.20140------$0.23694$0.03554
24-Sep$1.00000$1.00000------$1.17645$0.17645
24-Jun$0.20140$0.20140------$0.23694$0.03554
25-Mar$0.12140$0.12140------$0.14282$0.02142
2019 +$0.64190$0.47690$0.16500---$0.19147$0.08121$0.41898$0.04976
30-Dec$0.16500-$0.16500---$0.04922$0.02087$0.10770$0.01279
23-Dec$0.12140$0.12140----$0.03621$0.01536$0.07924$0.00941
24-Sep$0.12140$0.12140----$0.03621$0.01536$0.07924$0.00941
24-Jun$0.12140$0.12140----$0.03621$0.01536$0.07924$0.00941
25-Mar$0.11270$0.11270----$0.03362$0.01426$0.07356$0.00874
2018 +$0.49920$0.49920----$0.44266$0.05654--
21-Dec$0.12750$0.12750----$0.11306$0.01444--
24-Sep$0.12750$0.12750----$0.11306$0.01444--
25-Jun$0.12750$0.12750----$0.11306$0.01444--
23-Mar$0.11670$0.11670----$0.10348$0.01322--
2017 +$0.10360$0.10360------$0.11584$0.01224
28-Dec$0.10360$0.10360------$0.11584$0.01224

(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

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 International Low Risk Weighted ETF (Unhedged) please click here

Insights