CI Morningstar US Momentum Index ETF (Unhedged)

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® US Target Momentum 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 have demonstrated, among other things, positive momentum in earnings and price. 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
YXM.B 6.08%8.57%20.13%20.13%31.42%18.48%8.85%13.00%12.78%13.03%
Benchmark4.89%6.95%12.02%12.02%28.01%19.75%16.30%16.19%16.53%17.57%
As at: 30 Jun 2021 - Benchmark: S&P 500 Index (Total Return) (Unhedged)

 

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.


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 Ratio15.44
Price/Book Ratio5.33
As at 30 Jun, 2021

Index Risk Return Measures

Time period: 12/21/2001 to 06/30/2021 Index Benchmark
Return (% annualized)10.787.79
Std Dev15.8712.08
Beta0.981.00
Sharpe0.610.54
Sortino Ratio0.920.80
Up Capture106.10100.00
Down Capture89.56100.00
As at 30 Jun, 2021
Index: Morningstar® US Target Momentum Index TR (Unhedged)
Benchmark: S&P 500 TR Index (Unhedged)

Number of securities: 50

Asset Allocation

Security Type%
Foreign Stock99.99%
Currency Security0.01%

Holdings

NameSecurity TypeISINTicker %
ROKU INC Foreign StockUS77543R1023 ROKU US 2.56
GENERAC HOLDINGS INC Foreign StockUS3687361044 GNRC US 2.55
NVIDIA CORP Foreign StockUS67066G1040 NVDA US 2.46
IDEXX LABORATORIES INC Foreign StockUS45168D1046 IDXX US 2.45
VERITIV CORP Foreign StockUS9234541020 VRTV US 2.44
SQUARE INC Foreign StockUS8522341036 SQ US 2.40
L BRANDS INC Foreign StockUS5017971046 LB US 2.31
AVID TECHNOLOGY INC Foreign StockUS05367P1003 AVID US 2.26
METTLER-TOLEDO INTERNATIONAL I Foreign StockUS5926881054 MTD US 2.23
HIBBETT INC Foreign StockUS4285671016 HIBB US 2.20
COHEN & STEERS INC Foreign StockUS19247A1007 CNS US 2.19
MOODYS CORP Foreign StockUS6153691059 MCO US 2.15
COCA-COLA CONSOLIDATED INC Foreign StockUS1910981026 COKE US 2.15
TENET HEALTHCARE CORP Foreign StockUS88033G4073 THC US 2.15
GARTNER INC Foreign StockUS3666511072 IT US 2.13
TARGA RESOURCES CORP Foreign StockUS87612G1013 TRGP US 2.09
POOL CORP Foreign StockUS73278L1052 POOL US 2.09
BJS WHOLESALE CLUB HOLDINGS I Foreign StockUS05550J1016 BJ US 2.07
CALLON PETROLEUM CO Foreign StockUS13123X5086 CPE US 2.06
LAREDO PETROLEUM INC Foreign StockUS5168062058 LPI US 2.04
FAIR ISAAC CORP Foreign StockUS3032501047 FICO US 2.02
MATADOR RESOURCES CO Foreign StockUS5764852050 MTDR US 2.01
MATTEL INC Foreign StockUS5770811025 MAT US 2.01
INSTEEL INDUSTRIES INC Foreign StockUS45774W1080 IIIN US 1.97
CHENIERE ENERGY INC Foreign StockUS16411R2085 LNG US 1.95
CROSS COUNTRY HEALTHCARE INC Foreign StockUS2274831047 CCRN US 1.94
CHOICE HOTELS INTERNATIONAL IN Foreign StockUS1699051066 CHH US 1.92
BUILDERS FIRSTSOURCE INC Foreign StockUS12008R1077 BLDR US 1.92
SHERWIN-WILLIAMS CO/THE Foreign StockUS8243481061 SHW US 1.92
HERSHEY CO/THE Foreign StockUS4278661081 HSY US 1.92
HERBALIFE NUTRITION LTD Foreign StockKYG4412G1010 HLF US 1.91
RENT-A-CENTER INC/TX Foreign StockUS76009N1000 RCII US 1.88
EVERTEC INC Foreign StockPR30040P1032 EVTC US 1.88
SLEEP NUMBER CORP Foreign StockUS83125X1037 SNBR US 1.88
COMMUNITY HEALTH SYSTEMS INC Foreign StockUS2036681086 CYH US 1.88
CORNERSTONE BUILDING BRANDS IN Foreign StockUS21925D1090 CNR US 1.86
STEWART INFORMATION SERVICES C Foreign StockUS8603721015 STC US 1.85
LPL FINANCIAL HOLDINGS INC Foreign StockUS50212V1008 LPLA US 1.82
WESTERN ALLIANCE BANCORP Foreign StockUS9576381092 WAL US 1.81
ARTISAN PARTNERS ASSET MANAGEM Foreign StockUS04316A1088 APAM US 1.78
TRIUMPH BANCORP INC Foreign StockUS89679E3009 TBK US 1.77
FREEPORT-MCMORAN INC Foreign StockUS35671D8570 FCX US 1.77
UNITED PARCEL SERVICE INC Foreign StockUS9113121068 UPS US 1.70
BABCOCK & WILCOX ENTERPRISES I Foreign StockUS05614L2097 BW US 1.67
VIRTU FINANCIAL INC Foreign StockUS9282541013 VIRT US 1.67
HOVNANIAN ENTERPRISES INC Foreign StockUS4424874018 HOV US 1.64
CONSOLIDATED COMMUNICATIONS HO Foreign StockUS2090341072 CNSL US 1.63
LOUISIANA-PACIFIC CORP Foreign StockUS5463471053 LPX US 1.62
TRINSEO SA Foreign StockLU1057788488 TSE US 1.55
ARCBEST CORP Foreign StockUS03937C1053 ARCB US 1.43
US DOLLAR Currency Security 0.01

As at: 29 July 2021
Holdings are subject to change

99.57%

Distributions

Distribution details (.csv)
YXM.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.24330$0.08730$0.15600---$0.09262$0.03222$0.13904$0.02058
2020 +$0.04400-$0.04400-----$0.05148$0.00748
30-Dec$0.04400-$0.04400-----$0.05148$0.00748
2019 +$0.02200-$0.02200----$0.00165$0.02394$0.00359
30-Dec$0.02200-$0.02200----$0.00165$0.02394$0.00359
2017 +$0.12800$0.03800$0.09000---$0.09262$0.00563$0.03501$0.00526
28-Dec$0.03800$0.03800----$0.02750$0.00167$0.01039$0.00156
28-Dec$0.09000-$0.09000---$0.06512$0.00396$0.02462$0.00370
2016 +$0.01930$0.01930-----$0.01269$0.00776$0.00115
29-Dec$0.01930$0.01930-----$0.01269$0.00776$0.00115
2015 +$0.02000$0.02000-----$0.00233$0.02076$0.00309
30-Dec$0.02000$0.02000-----$0.00233$0.02076$0.00309
2013 +$0.01000$0.01000-----$0.00992$0.00009$0.00001
30-Dec$0.01000$0.01000-----$0.00992$0.00009$0.00001

(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
30 Sep 2014 A look inside Canada's hottest ETFs Special to the Globe and Mail | Andrew Hallam
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, 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 Morningstar US Momentum Index ETF (Unhedged) please click here