First Asset MSCI International Low Risk Weighted ETF (CAD Hedged)

 Fund Profile    Methodology   Prospectus    

Investment Objectives

The First Asset MSCI International Low Risk Weighted ETF (the "Fund") has been designed to replicate, to the extent possible, the performance of the MSCI EAFE Risk Weighted Top 175 Index Hedged to CAD (the "Index"), net of expenses.

The MSCI EAFE Risk Weighted Top 175 Index is based on a traditional market capitalization weighted parent index, the MSCI EAFE Index, which includes large- and mid-capitalization stocks across 21 Developed Markets (DM) excluding the U.S. and Canada. 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 EAFE Risk Weighted Top 175 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.

The Index is hedged to the Canadian dollar by notionally "selling" each foreign currency forward at the one-month forward exchange rate at the end of each month. The investment strategy of the Fund is to invest in and hold the constituent securities of the Index. It is intended that, except as described in the prospectus, 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.

Sector Breakdown*

As at 29 June 2018
*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.


Key Facts

Index Characteristics

Number of Securities174
Price/Earnings Ratio14.80
Price/Book Ratio1.65
As at 29 Jun, 2018

Index Risk Return Measures

Time period: 12/31/1998 to 06/29/2018IndexBenchmark
Return (% annualized)8.164.15
Std Dev8.8913.97
Beta0.511.00
Sharpe0.670.20
Sortino Ratio0.960.27
Max Drawdown-39.71-51.19
Up Capture65.25100.00
Down Capture35.23100.00
As at 29 Jun, 2018
Index: MSCI EAFE Risk Weighted Top 175 Index
Benchmark: MSCI EAFE NR Index (CAD Hedged)
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Distributions

Distribution details (.csv)
RWXTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.33780$0.33680$0.00100----$0.00022$0.11467$0.01179
2018 +$0.23470$0.23470--------
25-Jun$0.12440$0.12440--------
23-Mar$0.11030$0.11030--------
2017 +$0.10310$0.10210$0.00100----$0.00022$0.11467$0.01179
28-Dec$0.10210$0.10210-----$0.00022$0.11356$0.01168
28-Dec$0.00100-$0.00100-----$0.00111$0.00011

(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.

Documents

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 First Asset MSCI International Low Risk Weighted ETF (CAD Hedged) please click here