First Asset MSCI Europe Low Risk Weighted ETF (Unhedged)

 Fund Profile    Methodology   Prospectus    

Investment Objectives

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.

MSCI Europe Risk Weighted Top 100 Index is based on a traditional market capitalization weighted parent index, 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 MSCI Europe Risk Weighted Top 100 Index are determined by ranking these security level risk weights and taking the top 100 subset securities. The Indexes seek to emphasize stocks with lower historical return variance and tend 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.

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.

 1m3m6mYTD1y2y3y4y5ySI
RWE.B 2.78%3.19%-2.62%4.12%1.37%7.40%4.95%3.97%6.28%7.63%
Benchmark3.65%4.12%-2.54%6.23%-2.83%6.46%7.51%3.11%4.27%5.84%
As at: 28 Feb 2019 - Benchmark: MSCI Europe GR Index (Unhedged)

 

Sector Breakdown*

As at 28 February 2019
*As a percent of invested assets

 

Country Breakdown*

As at 28 February 2019
*As a percent of invested assets

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 Europe Index captures large and mid-cap equities across 15 Developed Markets countries in Europe, covering approximately 85% of the free float-adjusted market capitalization across that universe. This Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of the broader European equity markets.

Key Facts

Index Characteristics

Number of Securities100
Price/Earnings Ratio18.00
Price/Book Ratio2.08
As at 28 Feb, 2019

Index Risk Return Measures

Time period: 12/31/1998 to 02/28/2019IndexBenchmark
Return (% annualized)6.953.42
Std Dev11.4414.34
Beta0.661.00
Sharpe0.450.15
Sortino Ratio0.690.21
Max Drawdown-39.08-48.87
Up Capture79.07100.00
Down Capture57.30100.00
As at 28 Feb, 2019
Index: MSCI Europe Risk Weighted Top 100 Index (Unhedged)
Benchmark: MSCI Europe GR Index (Unhedged)
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 2.08% (as at 21 Mar 2019)

RWE.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.22830$2.63180$0.59650---$0.27094$0.06698$3.07571$0.32525
2019 +$0.13990$0.13990--------
25-Mar$0.13990$0.13990--------
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$0.07000-$0.07000-----$0.07863$0.00863
28-Dec$0.12300$0.12300------$0.13817$0.01517
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$0.11760$0.11760-----$0.00001$0.13066$0.01307
29-Dec$0.19520-$0.19520----$0.00001$0.21688$0.02169
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$0.13580$0.13580-----$0.00039$0.14618$0.01077
30-Dec$0.06530-$0.06530----$0.00019$0.07029$0.00518
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

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To access the SEDAR filings of First Asset MSCI Europe Low Risk Weighted ETF (Unhedged) please click here