First Asset Morningstar International Momentum Index ETF (CAD Hedged)


Investment Objectives

The First Asset Morningstar International Momentum Index ETF (the "Fund") has been designed to replicate, to the extent possible, the performance of the Morningstar® Developed Markets ex-North America Target Momentum IndexTM (the "Index"), net of expenses.

The Index is comprised of the largest and most liquid equity securities from countries classified by Morningstar as developed markets, excluding North America, based on proprietary research generated by Morningstar. The index is designed to provide diversified exposure to the top 200 issuers from these markets, which have demonstrated, among other things, positive momentum in earnings and price.

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.

ZXM -0.79%-2.03%1.88%1.85%11.73%14.91%10.03%11.97%
As at: 31 Aug 2018 - Benchmark: MSCI EAFE NR Index


Sector Breakdown*

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


Country Breakdown*

As at 31 August 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 MSCI EAFE Index (Europe, Australasia and the Far East) is an equity index which captures large and mid cap representation across Developed Markets countries in Europe, Australasia and the Far East. With 901 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. The Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of certain Eastern and European Developed Markets.

Key Facts

Index Characteristics

Number of Securities198
Price/Earnings Ratio15.29
Price/Book Ratio2.79
As at 31 Aug, 2018

Index Risk Return Measures

Time period: 12/29/2000 to 08/31/2018IndexBenchmark
Return (% annualized)12.013.39
Std Dev13.9114.10
Sortino Ratio1.040.23
Max Drawdown-53.78-51.19
Up Capture109.43100.00
Down Capture65.30100.00
As at 31 Aug, 2018
Index: Morningstar® Developed Markets ex-North America Target Momentum Index™ (CAD Hedged)
Benchmark: MSCI EAFE NR Index (CAD Hedged)


Distribution details (.csv)

Twelve month-trailing distribution yield: 1.28%

ZXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2018 +$0.25620$0.25620--------
2017 +$0.29860$0.25860$0.04000----$0.00505$0.33660$0.04305
2016 +$0.34420$0.27390$0.07030----$0.00010$0.37983$0.03573
2015 +$0.27050$0.27050-----$0.04458$0.23941$0.01349
2014 +$0.13170$0.05220$0.07950--$0.01251$0.10834$0.00071$0.01178$0.00164

(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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21 Jul 2015 Stripping away preconceived notions of fixed income Financial Post | John Pagliacci


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 Morningstar International Momentum Index ETF (CAD Hedged) please click here