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

 Fund Profile    Methodology   Prospectus    

Investment Objectives

The Fund has been designed to replicate, to the extent possible, the performance of the MSCI USA Risk Weighted Top 150 Index Hedged to CAD (the “Index”), net of expenses. 

MSCI USA Risk Weighted Top 150 Index is based on a traditional market capitalization weighted parent index, MSCI USA Index, which includes US 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 USA Risk Weighted Top 150 Index are determined by ranking these security level risk weights and taking the top 150 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.

RWU 2.02%4.84%6.42%2.02%15.84%14.71%10.10%13.17%
As at: 31 Jan 2018 - Benchmark: S&P 500 Index (Total Return) (CAD Hedged)


Sector Breakdown*

As at 31 January 2018
*As a percent of invested assets


Country Breakdown*

As at 31 January 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.

The S&P 500 Index (CAD Hedged) tracks 500 large-cap U.S. stocks representing all major industries. The 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 on a currency hedged basis.

Key Facts

Index Characteristics

Number of Securities150
Price/Earnings Ratio23.49
Price/Book Ratio2.95
As at 31 Jan, 2018

Index Risk Return Measures

Time period: 12/31/1998 to 01/31/2018IndexBenchmark
Return (% annualized)7.895.86
Std Dev11.5214.61
Sortino Ratio0.730.43
Max Drawdown-43.12-52.75
Up Capture72.37100.00
Down Capture52.52100.00
As at 31 Jan, 2018
Index: MSCI USA Risk Weighted Top 150 Index (CAD Hedged)
Benchmark: S&P 500 TR Index (CAD Hedged)


Distribution details (.csv)

Twelve month-trailing distribution yield: 1.25%

RWUTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2017 +$0.18580$0.18580-----$0.08921$0.11368$0.01709
2016 +$0.30600$0.17650$0.12950---$0.13070$0.00007$0.20610$0.03087
2015 +$0.17140$0.17140-----$0.00158$0.20043$0.03061
2014 +$0.48890$0.23390$0.25500---$0.34211$0.00380$0.16823$0.02524


25 Sep 2017 First Asset Opens the Market First Asset
11 Apr 2016 First Asset Opens the Market First Asset
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


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 USA Low Risk Weighted ETF (CAD Hedged) please click here