First Asset Morningstar US Dividend Target 50 Index ETF (Unhedged)

Investment Objectives

The First Asset Morningstar US Dividend Target 50 Index ETF (the "Fund") has been designed to replicate, to the extent possible, the performance of the Morningstar® US Target Dividend IndexTM (formerly, Morningstar® US Dividend Target 50 IndexTM), net of expenses.

The portfolio yield represents the gross yield on the ETF's underlying portfolio of securities. It is not the yield or the dividend investors will receive by virtue of an investment in the ETF.This index reflects the performance of 50 dividend paying, U.S. based equities, utilizing proprietary CPMS methodologies from Morningstar to screen for, among other things, above-average returns on equity and high cash flows relative to debt. To qualify for inclusion in the Index, the constituent securities must, among other things, trade on the NYSE, NYSE Amex or NASDAQ exchange, must demonstrate average daily volume (3 month) in the top third of stocks in the investible universe, and must have an expected dividend yield. The Index is comprised of the top 50 issuers that meet the screening requirements, and are equally weighted and rebalanced quarterly.

Traditional indexes are generally based on market capitalization, which can result in overweighting stocks that are overvalued and underweighting stocks that are undervalued. The Fund is designed to address the concerns with traditional indexes based on market capitalization.

 1m3m6mYTD1y2y3y4y5ySI
UXM.B 4.93%0.76%5.65%6.00%5.53%9.35%8.73%9.67%12.52%13.58%
Benchmark3.27%-2.55%5.56%11.49%9.64%13.62%12.09%14.02%16.30%17.54%
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

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 Securities50
Price/Earnings Ratio14.81
Price/Book Ratio3.23
As at 30 Nov, 2018

Index Risk Return Measures

Time period: 12/31/2001 to 11/30/2018IndexBenchmark
Return (% annualized)8.296.32
Std Dev10.4211.72
Beta0.801.00
Sharpe0.650.43
Sortino Ratio1.000.63
Max Drawdown-30.93-42.41
Up Capture90.04100.00
Down Capture72.19100.00
As at 30 Nov, 2018
Index: Morningstar® US Target Dividend Index TR (Unhedged)
Benchmark: S&P 500 TR Index (Unhedged)
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 3.54% (as at 13 Dec 2018)

UXM.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.44141$2.09431$1.34710---$1.13372$0.17962$1.95597$0.29370
2018 +$0.46580$0.46580--------
21-Dec$0.12240$0.12240--------
24-Sep$0.11640$0.11640--------
25-Jun$0.11410$0.11410--------
23-Mar$0.11290$0.11290--------
2017 +$0.91450$0.41450$0.50000---$0.47746$0.00588$0.50669$0.07553
28-Dec$0.10150$0.10150----$0.05299$0.00065$0.05624$0.00838
28-Dec$0.50000-$0.50000---$0.26105$0.00322$0.27703$0.04130
28-Sep$0.09660$0.09660----$0.05044$0.00062$0.05352$0.00798
29-Jun$0.10740$0.10740----$0.05607$0.00069$0.05951$0.00887
30-Mar$0.10900$0.10900----$0.05691$0.00070$0.06039$0.00900
2016 +$1.26830$0.42120$0.84710---$0.65626$0.00005$0.72063$0.10864
29-Dec$0.10460$0.10460----$0.05412$0.00001$0.05943$0.00896
29-Dec$0.84710-$0.84710---$0.43832$0.00001$0.48131$0.07254
29-Sep$0.10460$0.10460----$0.05412$0.00001$0.05943$0.00896
29-Jun$0.10130$0.10130----$0.05242$0.00001$0.05756$0.00869
30-Mar$0.11070$0.11070----$0.05728$0.00001$0.06290$0.00949
2015 +$0.38730$0.38730------$0.45564$0.06834
30-Dec$0.10620$0.10620------$0.12494$0.01874
29-Sep$0.09910$0.09910------$0.11659$0.01749
29-Jun$0.08820$0.08820------$0.10376$0.01556
30-Mar$0.09380$0.09380------$0.11035$0.01655
2014 +$0.32770$0.32770-----$0.10270$0.26498$0.03998
30-Dec$0.07670$0.07670-----$0.02404$0.06202$0.00936
29-Sep$0.07670$0.07670-----$0.02404$0.06202$0.00936
27-Jun$0.07430$0.07430-----$0.02328$0.06008$0.00906
28-Mar$0.10000$0.10000-----$0.03134$0.08086$0.01220
2013 +$0.07781$0.07781-----$0.07099$0.00803$0.00121
30-Dec$0.07781$0.07781-----$0.07099$0.00803$0.00121

(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

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Documents

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 US Dividend Target 50 Index ETF (Unhedged) please click here