First Asset MSCI USA 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 USA Risk Weighted Top 150 Index (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 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.

RWU.B 5.48%3.29%11.15%13.26%9.52%11.81%11.10%13.95%16.76%
As at: 30 Nov 2018 - Benchmark: S&P 500 Index (Total Return) (Unhedged)


Sector Breakdown*

As at 30 November 2018
*As a percent of invested assets


Country Breakdown*

As at 30 November 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 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 Securities148
Price/Earnings Ratio18.29
Price/Book Ratio2.75
As at 30 Nov, 2018

Index Risk Return Measures

Time period: 12/31/1998 to 11/30/2018IndexBenchmark
Return (% annualized)7.285.38
Std Dev11.2712.20
Sortino Ratio0.730.44
Max Drawdown-34.84-51.39
Up Capture72.39100.00
Down Capture50.78100.00
As at 30 Nov, 2018
Index: MSCI USA Risk Weighted Top 150 Index (Unhedged)
Benchmark: S&P 500 TR Index (Unhedged)


Distribution details (.csv)

Twelve month-trailing distribution yield: 1.78% (as at 14 Dec 2018)

RWU.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2018 +$0.28700$0.28700--------
2017 +$0.44030$0.22030$0.22000----$0.00495$0.51206$0.07671
2016 +$0.32260$0.21260$0.11000---$0.13098$0.00007$0.22529$0.03374
2015 +$0.20110$0.20110-----$0.07353$0.14990$0.02233
2014 +$0.49880$0.23550$0.26330---$0.38332$0.00050$0.13527$0.02029

(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.


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