CI Morningstar US Value Index ETF (CAD Hedged)

Fund Overview

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. It is intended that at all times at least 90% of the foreign currency denominated assets held by the Fund attributable to the Units will be hedged back to the Canadian dollar.

Investor suitability
For those who:

  • want U.S. equity exposure on a CAD hedged basis
  • want to receive regular quarterly cash flows (if any)
  • Can tolerate medium to high risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
XXM -1.13%5.75%34.22%34.22%63.46%8.00%-1.11%0.22%2.03%3.80%
Benchmark2.40%8.47%15.11%15.11%39.49%21.37%16.97%16.04%16.33%14.03%
As at: 30 Jun 2021 - Benchmark: S&P 500 Index (Total Return)

 

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 Ratio9.21
Price/Book Ratio1.56
As at 30 Jun, 2021

Index Risk Return Measures

Time period: 12/21/2001 to 06/30/2021 Index Benchmark
Return (% annualized)12.289.17
Std Dev21.6314.67
Beta1.081.00
Sharpe0.590.54
Sortino Ratio0.870.80
Up Capture126.32100.00
Down Capture122.17100.00
As at 30 Jun, 2021
Index: Morningstar® US Target Value Index TR (CAD Hedged)
Benchmark: S&P 500 TR Index USD)

Number of securities: 50

Asset Allocation

Security Type%
Foreign Stock99.94%
Currency Security0.06%

Holdings

NameSecurity TypeISINTicker %
GEO GROUP INC/THE Foreign StockUS36162J1060 GEO US 2.49
CALLON PETROLEUM CO Foreign StockUS13123X5086 CPE US 2.20
ENCORE CAPITAL GROUP INC Foreign StockUS2925541029 ECPG US 2.16
GROUP 1 AUTOMOTIVE INC Foreign StockUS3989051095 GPI US 2.09
EXELON CORP Foreign StockUS30161N1019 EXC US 2.07
BGC PARTNERS INC Foreign StockUS05541T1016 BGCP US 2.00
ENTERGY CORP Foreign StockUS29364G1031 ETR US 1.96
ANTHEM INC Foreign StockUS0367521038 ANTM US 1.95
ADTALEM GLOBAL EDUCATION INC Foreign StockUS00737L1035 ATGE US 1.93
GREIF INC Foreign StockUS3976241071 GEF US 1.91
CONDUENT INC Foreign StockUS2067871036 CNDT US 1.87
CVS HEALTH CORP Foreign StockUS1266501006 CVS US 1.85
ATLAS AIR WORLDWIDE HOLDINGS I Foreign StockUS0491642056 AAWW US 1.83
BERRY GLOBAL GROUP INC Foreign StockUS08579W1036 BERY US 1.83
ENOVA INTERNATIONAL INC Foreign StockUS29357K1034 ENVA US 1.83
EDGEWELL PERSONAL CARE CO Foreign StockUS28035Q1022 EPC US 1.83
ENDO INTERNATIONAL PLC Foreign StockIE00BJ3V9050 ENDP US 1.79
CNX RESOURCES CORP Foreign StockUS12653C1080 CNX US 1.74
CNO FINANCIAL GROUP INC Foreign StockUS12621E1038 CNO US 1.71
BEAZER HOMES USA INC Foreign StockUS07556Q8814 BZH US 1.63
BIG 5 SPORTING GOODS CORP Foreign StockUS08915P1012 BGFV US 1.58
BOISE CASCADE CO Foreign StockUS09739D1000 BCC US 1.57
ARCBEST CORP Foreign StockUS03937C1053 ARCB US 1.52
OWENS & MINOR INC Foreign StockUS6907321029 OMI US 1.93
VERITIV CORP Foreign StockUS9234541020 VRTV US 1.74
MEREDITH CORP Foreign StockUS5894331017 MDP US 1.67
ODP CORP/THE Foreign StockUS88337F1057 ODP US 1.52
ONEMAIN HOLDINGS INC Foreign StockUS68268W1036 OMF US 1.51
KROGER CO/THE Foreign StockUS5010441013 KR US 1.49
SANTANDER CONSUMER USA HOLDING Foreign StockUS80283M1018 SC US 1.47
JABIL INC Foreign StockUS4663131039 JBL US 1.45
MATADOR RESOURCES CO Foreign StockUS5764852050 MTDR US 1.43
MURPHY USA INC Foreign StockUS6267551025 MUSA US 1.43
GRAPHIC PACKAGING HOLDING CO Foreign StockUS3886891015 GPK US 1.43
JEFFERIES FINANCIAL GROUP INC Foreign StockUS47233W1099 JEF US 1.41
PENSKE AUTOMOTIVE GROUP INC Foreign StockUS70959W1036 PAG US 1.36
REALOGY HOLDINGS CORP Foreign StockUS75605Y1064 RLGY US 1.36
PINNACLE WEST CAPITAL CORP Foreign StockUS7234841010 PNW US 1.33
PDC ENERGY INC Foreign StockUS69327R1014 PDCE US 1.32
INGLES MARKETS INC Foreign StockUS4570301048 IMKTA US 1.30
SPROUTS FARMERS MARKET INC Foreign StockUS85208M1027 SFM US 1.29
MDU RESOURCES GROUP INC Foreign StockUS5526901096 MDU US 1.26
VIATRIS INC Foreign StockUS92556V1061 VTRS US 1.25
UNUM GROUP Foreign StockUS91529Y1064 UNM US 1.23
UNITED NATURAL FOODS INC Foreign StockUS9111631035 UNFI US 1.21
CIMAREX ENERGY CO Foreign StockUS1717981013 XEC US 1.21
QURATE RETAIL INC Foreign StockUS74915M1009 QRTEA US 1.19
TEVA PHARMACEUTICAL INDUSTRIES Foreign StockUS8816242098 TEVA US 1.18
LUMEN TECHNOLOGIES INC Foreign StockUS5502411037 LUMN US 1.18
WALGREENS BOOTS ALLIANCE INC Foreign StockUS9314271084 WBA US 1.15
US DOLLAR Currency Security 0.05

As at: 29 July 2021
Holdings are subject to change

80.69%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 1.22% (as at 29 Jul 2021)

XXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$2.95589$0.95029$2.00560---$1.53164$0.03329$1.50102$0.18648
2021 +$0.07640$0.07640--------
24-Jun$0.03820$0.03820--------
25-Mar$0.03820$0.03820--------
2020 +$0.17720$0.13720$0.04000-----$0.20581$0.02861
30-Dec$0.04000-$0.04000-----$0.04646$0.00646
23-Dec$0.03480$0.03480------$0.04042$0.00562
24-Sep$0.03480$0.03480------$0.04042$0.00562
24-Jun$0.03480$0.03480------$0.04042$0.00562
25-Mar$0.03280$0.03280------$0.03809$0.00529
2019 +$0.19620$0.15520$0.04100-----$0.23084$0.03464
30-Dec$0.04100-$0.04100-----$0.04824$0.00724
23-Dec$0.03880$0.03880------$0.04565$0.00685
24-Sep$0.03880$0.03880------$0.04565$0.00685
24-Jun$0.03880$0.03880------$0.04565$0.00685
25-Mar$0.03880$0.03880------$0.04565$0.00685
2018 +$0.41020$0.17220$0.23800---$0.25937$0.00081$0.17648$0.02648
28-Dec$0.23800-$0.23800---$0.15049$0.00047$0.10240$0.01536
21-Dec$0.04680$0.04680----$0.02959$0.00009$0.02013$0.00302
24-Sep$0.04680$0.04680----$0.02959$0.00009$0.02013$0.00302
25-Jun$0.03930$0.03930----$0.02485$0.00008$0.01691$0.00254
23-Mar$0.03930$0.03930----$0.02485$0.00008$0.01691$0.00254
2017 +$1.42830$0.09830$1.33000---$1.27227$0.00870$0.17333$0.02600
28-Dec$1.33000-$1.33000---$1.18471$0.00809$0.16140$0.02420
28-Dec$0.03660$0.03660----$0.03260$0.00023$0.00444$0.00067
28-Sep$0.02690$0.02690----$0.02396$0.00016$0.00327$0.00049
29-Jun$0.02350$0.02350----$0.02093$0.00015$0.00285$0.00043
30-Mar$0.01130$0.01130----$0.01007$0.00007$0.00137$0.00021
2016 +$0.14160$0.07780$0.06380----$0.00005$0.16609$0.02454
29-Dec$0.06380-$0.06380----$0.00001$0.07484$0.01105
29-Dec$0.01810$0.01810-----$0.00001$0.02123$0.00314
29-Sep$0.01810$0.01810-----$0.00001$0.02123$0.00314
29-Jun$0.01640$0.01640-----$0.00001$0.01923$0.00284
30-Mar$0.02520$0.02520-----$0.00001$0.02956$0.00437
2015 +$0.42370$0.13090$0.29280----$0.00012$0.45590$0.03232
30-Dec$0.02690$0.02690-----$0.00001$0.02894$0.00205
30-Dec$0.29280-$0.29280----$0.00008$0.31505$0.02233
29-Sep$0.04300$0.04300-----$0.00001$0.04627$0.00328
29-Jun$0.03210$0.03210-----$0.00001$0.03454$0.00245
30-Mar$0.02890$0.02890-----$0.00001$0.03110$0.00221
2014 +$0.08770$0.08770-----$0.01017$0.09121$0.01368
30-Dec$0.02430$0.02430-----$0.00282$0.02527$0.00379
29-Sep$0.01900$0.01900-----$0.00220$0.01976$0.00296
27-Jun$0.01940$0.01940-----$0.00225$0.02018$0.00303
28-Mar$0.02500$0.02500-----$0.00290$0.02600$0.00390
2013 +$0.01459$0.01459-----$0.01344$0.00136$0.00021
30-Dec$0.01459$0.01459-----$0.01344$0.00136$0.00021

(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
15 May 2014 There’s no debating the intelligence of “smart beta” Your Guide to ETF Investing
13 May 2014 Behind the Scenes with Smart Beta www.wealthprofessional.ca
5 May 2014 Taming Wild Currency Plays www.wealthprofessional.ca
14 Apr 2014 Fifteen top Canadian equity funds The Globe and Mail | Jacqueline Nelson
19 Mar 2014 First Asset ETFs March Distributions Marketwired
14 Mar 2014 Understanding factor-indexed ETFs ADVISOR.CA
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 Value Index ETF (CAD Hedged) please click here