First Asset Morningstar International Value Index ETF (Unhedged)

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. Foreign currency assets held by the Fund attributable to the Units will not be hedged back to the Canadian dollar.

VXM.B 1.30%8.58%8.17%24.12%28.11%15.80%14.70%14.87%
As at: 30 Nov 2017 - Benchmark: MSCI EAFE NR Index


Sector Breakdown*

As at 31 October 2017
*As a percent of invested assets


Country Breakdown*

As at 31 October 2017
*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 is an equity index which captures large and mid cap representation across Developed Markets countries around the world, excluding the US and Canada. With 901 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. This Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of the broader global, developed market countries (excluding North America).

Key Facts

Index Characteristics

Number of Securities200
Price/Earnings Ratio10.83
Price/Book Ratio0.99
As at 31 Oct, 2017

Index Risk Return Measures

Time period: 12/15/2000 to 10/31/2017IndexBenchmark
Return (% annualized)12.234.00
Std Dev15.2013.23
Sortino Ratio1.080.29
Max Drawdown-51.14-45.72
Up Capture119.92100.00
Down Capture77.29100.00
As at 31 Oct, 2017
Index: Morningstar® Developed Markets ex-North America Target Value Index™ (Unhedged)
Benchmark: MSCI EAFE GR Index (Unhedged)


Distribution details (.csv)

Twelve month-trailing distribution yield: 1.54%

VXM.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2017 +$0.32890$0.32890--------
2016 +$0.74720$0.45530$0.29190----$0.00006$0.85276$0.10562
2015 +$0.46760$0.46760-----$0.13616$0.36510$0.03366
2014 +$0.03700$0.03700---$0.00337$0.00132$0.02969$0.00297$0.00035


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


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To access the SEDAR filings of First Asset Morningstar International Value Index ETF (Unhedged) please click here