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

FundGradeA
 Fund Profile    Methodology   Prospectus    

Investment Objectives

The Fund has been designed to replicate, to the extent possible, the performance of the MSCI World Risk Weighted Top 200 Index Hedged to CAD (the “Index”), net of expenses.

MSCI World Risk Weighted Top 200 Index is based on a traditional market capitalization weighted parent index, MSCI World Index, which includes 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 World Risk Weighted Top 200 Index are determined by ranking these security level risk weights and taking the top 200 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 Indexes have 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.

 1m3m6mYTD1y2y3y4ySI
RWW -3.46%-2.23%1.70%-0.13%1.95%7.60%7.28%7.69%9.54%
Benchmark-6.80%-4.87%-0.30%-0.61%2.06%11.46%8.12%7.54%8.29%
As at: 31 Oct 2018 - Benchmark: MSCI World NR Index

 

Sector Breakdown*

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

 

Country Breakdown*

As at 31 October 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 Securities198
Price/Earnings Ratio15.60
Price/Book Ratio1.97
As at 31 Oct, 2018

Index Risk Return Measures

Time period: 12/31/1998 to 10/31/2018IndexBenchmark
Return (% annualized)8.144.75
Std Dev8.5813.63
Beta0.451.00
Sharpe0.690.25
Sortino Ratio0.970.33
Max Drawdown-38.32-50.77
Up Capture59.99100.00
Down Capture29.56100.00
As at 31 Oct, 2018
Index: MSCI World Risk Weighted Top 200 Index
Benchmark: MSCI World NR Index (CAD Hedged)
Loading...

Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 1.94% (as at 16 Nov 2018)

RWWTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.82060$2.38250$1.43810$0.38940--$1.74098$0.01441$1.40910$0.15759
2018 +$0.42430$0.42430--------
24-Sep$0.15040$0.15040--------
25-Jun$0.15040$0.15040--------
23-Mar$0.12350$0.12350--------
2017 +$1.61350$0.51350$1.10000$0.11461--$1.07326$0.00907$0.47199$0.05543
28-Dec$0.12980$0.12980-$0.00922--$0.08634$0.00073$0.03797$0.00446
28-Dec$1.10000-$1.10000$0.07814--$0.73169$0.00618$0.32178$0.03779
28-Sep$0.12980$0.12980-$0.00922--$0.08634$0.00073$0.03797$0.00446
29-Jun$0.12660$0.12660-$0.00899--$0.08421$0.00072$0.03703$0.00435
30-Mar$0.12730$0.12730-$0.00904--$0.08468$0.00071$0.03724$0.00437
2016 +$0.47830$0.47830-$0.10581--$0.11472-$0.29115$0.03338
29-Dec$0.12660$0.12660-$0.02801--$0.03037-$0.07706$0.00884
29-Sep$0.11550$0.11550-$0.02555--$0.02770-$0.07031$0.00806
29-Jun$0.11700$0.11700-$0.02588--$0.02806-$0.07122$0.00816
30-Mar$0.11920$0.11920-$0.02637--$0.02859-$0.07256$0.00832
2015 +$0.52600$0.47290$0.05310$0.11367---$0.00009$0.46524$0.05300
30-Dec$0.05310-$0.05310$0.01148---$0.00001$0.04696$0.00535
30-Dec$0.11630$0.11630-$0.02513---$0.00002$0.10287$0.01172
29-Sep$0.11960$0.11960-$0.02584---$0.00002$0.10579$0.01205
29-Jun$0.11850$0.11850-$0.02561---$0.00002$0.10481$0.01194
30-Mar$0.11850$0.11850-$0.02561---$0.00002$0.10481$0.01194
2014 +$0.77850$0.49350$0.28500$0.05531--$0.55300$0.00525$0.18072$0.01578
30-Dec$0.28500-$0.28500$0.02025--$0.20245$0.00192$0.06616$0.00578
30-Dec$0.21040$0.21040-$0.01495--$0.14945$0.00142$0.04884$0.00426
29-Sep$0.11490$0.11490-$0.00816--$0.08162$0.00078$0.02667$0.00233
27-Jun$0.16820$0.16820-$0.01195--$0.11948$0.00113$0.03905$0.00341

(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