First Asset Morningstar International Value Index ETF (CAD Hedged)

Investment Objectives

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® Developed Markets ex-North America Target Value 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 are considered to be "good value" based on characteristics like low price to earnings and low price to cash flow ratios.

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.

VXM 7.49%-1.18%-8.87%7.49%-11.09%5.34%9.37%5.97%6.12%
As at: 31 Jan 2019 - Benchmark: MSCI EAFE NR Index


Sector Breakdown*

As at 31 January 2019
*As a percent of invested assets


Country Breakdown*

As at 31 January 2019
*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 Securities200
Price/Earnings Ratio8.14
Price/Book Ratio0.74
As at 31 Jan, 2019

Index Risk Return Measures

Time period: 12/29/2000 to 01/31/2019IndexBenchmark
Return (% annualized)10.602.96
Std Dev17.2814.16
Sortino Ratio0.800.19
Max Drawdown-60.98-51.19
Up Capture129.35100.00
Down Capture93.07100.00
As at 31 Jan, 2019
Index: Morningstar® Developed Markets ex-North America Target Value Index
Benchmark: MSCI EAFE NR Index (CAD Hedged)


Distribution details (.csv)

Twelve month-trailing distribution yield: 1.89% (as at 22 Feb 2019)

VXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2018 +$1.34080$0.45780$0.88300-------
2017 +$0.96460$0.40460$0.56000---$0.55708$0.00210$0.46490$0.05948
2016 +$0.63450$0.40450$0.23000-----$0.72419$0.08969
2015 +$0.44070$0.44070-----$0.18055$0.28644$0.02629
2014 +$0.13060$0.06010$0.07050--$0.01495$0.10372-$0.01349$0.00156

(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.


2 Jan 2019 'ETFs as Asset Class' Is Among the Top 2019 Trends in Markets Bloomberg | Sarah Ponczek and Vildana Hajric
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


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 Value Index ETF (CAD Hedged) please click here