CI Morningstar US Value Index ETF (Unhedged)

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. 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
XXM.B 2.70%4.96%9.63%37.49%61.93%12.71%0.61%1.85%2.83%7.81%
Benchmark-4.41%2.90%10.05%15.27%23.30%19.67%15.22%16.85%16.04%17.39%
As at: 30 Sep 2021 - Benchmark: S&P 500 Index (Total Return) (Unhedged)

 

Historical NAVs

Sector Breakdown

As at September 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 Ratio8.26
Price/Book Ratio1.49
As at 30 Sep, 2021

Index Risk Return Measures

Time period: 12/21/2001 to 09/30/2021 Index Benchmark
Return (% annualized)11.017.85
Std Dev18.0412.10
Beta1.061.00
Sharpe0.570.54
Sortino Ratio0.830.81
Up Capture115.64100.00
Down Capture102.91100.00
As at 30 Sep, 2021
Index: Morningstar® US Target Value Index TR (Unhedged)
Benchmark: S&P 500 TR Index (Unhedged)

Number of securities: 49

Asset Allocation

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

Holdings

NameSecurity TypeISINTicker %
CALLON PETROLEUM CO Foreign StockUS13123X5086 CPE US 3.11
MATADOR RESOURCES CO Foreign StockUS5764852050 MTDR US 2.96
ENDO INTERNATIONAL PLC Foreign StockIE00BJ3V9050 ENDP US 2.95
MEREDITH CORP Foreign StockUS5894331017 MDP US 2.59
CNX RESOURCES CORP Foreign StockUS12653C1080 CNX US 2.43
PDC ENERGY INC Foreign StockUS69327R1014 PDCE US 2.38
ARCBEST CORP Foreign StockUS03937C1053 ARCB US 2.33
UNITED NATURAL FOODS INC Foreign StockUS9111631035 UNFI US 2.31
VERITIV CORP Foreign StockUS9234541020 VRTV US 2.28
REALOGY HOLDINGS CORP Foreign StockUS75605Y1064 RLGY US 2.19
PENSKE AUTOMOTIVE GROUP INC Foreign StockUS70959W1036 PAG US 2.19
JEFFERIES FINANCIAL GROUP INC Foreign StockUS47233W1099 JEF US 2.14
GROUP 1 AUTOMOTIVE INC Foreign StockUS3989051095 GPI US 2.11
ENOVA INTERNATIONAL INC Foreign StockUS29357K1034 ENVA US 2.07
ANTHEM INC Foreign StockUS0367521038 ANTM US 2.06
MURPHY USA INC Foreign StockUS6267551025 MUSA US 2.06
ENCORE CAPITAL GROUP INC Foreign StockUS2925541029 ECPG US 2.02
UNUM GROUP Foreign StockUS91529Y1064 UNM US 1.98
TEVA PHARMACEUTICAL INDUSTRIES Foreign StockUS8816242098 TEVA US 1.96
GEO GROUP INC/THE Foreign StockUS36162J1060 GEO US 1.96
GREIF INC Foreign StockUS3976241071 GEF US 1.95
ONEMAIN HOLDINGS INC Foreign StockUS68268W1036 OMF US 1.95
CNO FINANCIAL GROUP INC Foreign StockUS12621E1038 CNO US 1.94
BOISE CASCADE CO Foreign StockUS09739D1000 BCC US 1.93
ATLAS AIR WORLDWIDE HOLDINGS I Foreign StockUS0491642056 AAWW US 1.93
EXELON CORP Foreign StockUS30161N1019 EXC US 1.92
BGC PARTNERS INC Foreign StockUS05541T1016 BGCP US 1.92
LUMEN TECHNOLOGIES INC Foreign StockUS5502411037 LUMN US 1.91
GRAPHIC PACKAGING HOLDING CO Foreign StockUS3886891015 GPK US 1.89
CVS HEALTH CORP Foreign StockUS1266501006 CVS US 1.89
BERRY GLOBAL GROUP INC Foreign StockUS08579W1036 BERY US 1.88
JABIL INC Foreign StockUS4663131039 JBL US 1.86
BEAZER HOMES USA INC Foreign StockUS07556Q8814 BZH US 1.86
ADTALEM GLOBAL EDUCATION INC Foreign StockUS00737L1035 ATGE US 1.84
SANTANDER CONSUMER USA HOLDING Foreign StockUS80283M1018 SC US 1.84
INGLES MARKETS INC Foreign StockUS4570301048 IMKTA US 1.84
BIG 5 SPORTING GOODS CORP Foreign StockUS08915P1012 BGFV US 1.83
WALGREENS BOOTS ALLIANCE INC Foreign StockUS9314271084 WBA US 1.83
ODP CORP/THE Foreign StockUS88337F1057 ODP US 1.80
CONDUENT INC Foreign StockUS2067871036 CNDT US 1.80
MDU RESOURCES GROUP INC Foreign StockUS5526901096 MDU US 1.77
VIATRIS INC Foreign StockUS92556V1061 VTRS US 1.75
QURATE RETAIL INC Foreign StockUS74915M1009 QRTEA US 1.74
OWENS & MINOR INC Foreign StockUS6907321029 OMI US 1.72
SPROUTS FARMERS MARKET INC Foreign StockUS85208M1027 SFM US 1.68
ENTERGY CORP Foreign StockUS29364G1031 ETR US 1.68
PINNACLE WEST CAPITAL CORP Foreign StockUS7234841010 PNW US 1.61
KROGER CO/THE Foreign StockUS5010441013 KR US 1.57
EDGEWELL PERSONAL CARE CO Foreign StockUS28035Q1022 EPC US 1.49
US DOLLAR Currency Security 0.01

As at: 20 October 2021
Holdings are subject to change

98.71%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 0.99% (as at 20 Oct 2021)

XXM.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.66249$1.30679$2.35570---$1.83432$0.01990$1.94259$0.25553
2021 +$0.12120$0.12120--------
23-Sep$0.04040$0.04040--------
24-Jun$0.04040$0.04040--------
25-Mar$0.04040$0.04040--------
2020 +$0.24100$0.19000$0.05100----$0.00931$0.26911$0.03742
30-Dec$0.05100-$0.05100----$0.00197$0.05695$0.00792
23-Dec$0.04810$0.04810-----$0.00186$0.05371$0.00747
24-Sep$0.04810$0.04810-----$0.00186$0.05371$0.00747
24-Jun$0.04810$0.04810-----$0.00186$0.05371$0.00747
25-Mar$0.04570$0.04570-----$0.00176$0.05103$0.00709
2019 +$0.26340$0.21040$0.05300----$0.00150$0.30811$0.04622
30-Dec$0.05300-$0.05300----$0.00030$0.06199$0.00930
23-Dec$0.05260$0.05260-----$0.00030$0.06153$0.00923
24-Sep$0.05260$0.05260-----$0.00030$0.06153$0.00923
24-Jun$0.05260$0.05260-----$0.00030$0.06153$0.00923
25-Mar$0.05260$0.05260-----$0.00030$0.06153$0.00923
2018 +$1.11280$0.22480$0.88800---$0.80260-$0.36494$0.05474
28-Dec$0.88800-$0.88800---$0.64046-$0.29122$0.04368
21-Dec$0.06170$0.06170----$0.04450-$0.02023$0.00304
24-Sep$0.06170$0.06170----$0.04450-$0.02023$0.00304
25-Jun$0.05070$0.05070----$0.03657-$0.01663$0.00249
23-Mar$0.05070$0.05070----$0.03657-$0.01663$0.00249
2017 +$0.91520$0.12520$0.79000---$0.75388-$0.18978$0.02846
28-Dec$0.04680$0.04680----$0.03855-$0.00970$0.00145
28-Dec$0.79000-$0.79000---$0.65075-$0.16382$0.02457
28-Sep$0.03260$0.03260----$0.02685-$0.00676$0.00101
29-Jun$0.03080$0.03080----$0.02537-$0.00639$0.00096
30-Mar$0.01500$0.01500----$0.01236-$0.00311$0.00047
2016 +$0.24550$0.10080$0.14470----$0.00009$0.28737$0.04196
29-Dec$0.14470-$0.14470----$0.00005$0.16938$0.02473
29-Dec$0.02350$0.02350-----$0.00001$0.02751$0.00402
29-Sep$0.02350$0.02350-----$0.00001$0.02751$0.00402
29-Jun$0.02090$0.02090-----$0.00001$0.02446$0.00357
30-Mar$0.03290$0.03290-----$0.00001$0.03851$0.00562
2015 +$0.40580$0.16450$0.24130----$0.00012$0.43989$0.03421
30-Dec$0.24130-$0.24130----$0.00007$0.26157$0.02034
30-Dec$0.03610$0.03610-----$0.00001$0.03913$0.00304
29-Sep$0.05510$0.05510-----$0.00002$0.05973$0.00465
29-Jun$0.03780$0.03780-----$0.00001$0.04098$0.00319
30-Mar$0.03550$0.03550-----$0.00001$0.03848$0.00299
2014 +$0.34300$0.15530$0.18770---$0.27299$0.00019$0.08215$0.01233
30-Dec$0.18770-$0.18770---$0.14938$0.00011$0.04495$0.00674
30-Dec$0.08980$0.08980----$0.07147$0.00005$0.02151$0.00323
29-Sep$0.02020$0.02020----$0.01608$0.00001$0.00484$0.00073
27-Jun$0.02030$0.02030----$0.01616$0.00001$0.00486$0.00073
28-Mar$0.02500$0.02500----$0.01990$0.00001$0.00599$0.00090
2013 +$0.01459$0.01459----$0.00485$0.00869$0.00124$0.00019
30-Dec$0.01459$0.01459----$0.00485$0.00869$0.00124$0.00019

(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 (Unhedged) please click here