First Asset Morningstar US Momentum Index ETF (CAD Hedged)

Investment Objectives

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

The Index is comprised of liquid equity securities of U.S. companies, utilizing proprietary CPMS methodologies from Morningstar to screen for, among other things, above average returns on equity, with an emphasis on upward earnings estimate revisions and technical price momentum indicators. To qualify for inclusion in the Index, the constituent securities must, among other things, trade on one of the three major exchanges (NYSE, NYSE Amex, or NASDAQ), be classified as a U.S. issuer, and must have a market capitalization exceeding US $500 million. 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.

YXM 7.10%11.61%22.50%7.10%28.23%22.34%10.75%9.49%10.47%
As at: 31 Jan 2018 - Benchmark: S&P 500 Index (Total Return) (CAD Hedged)


Sector Breakdown*

As at 31 January 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 (CAD Hedged) tracks 500 large-cap U.S. stocks representing all major industries. The 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 on a currency hedged basis.

Key Facts

Index Characteristics

Number of Securities50
Price/Earnings Ratio24.94
Price/Book Ratio8.41
As at 31 Jan, 2018

Index Risk Return Measures

Time period: 12/21/2001 to 01/31/2018IndexBenchmark
Return (% annualized)12.617.41
Std Dev18.4814.15
Sortino Ratio0.960.62
Max Drawdown-59.35-52.75
Up Capture125.71100.00
Down Capture109.94100.00
As at 31 Jan, 2018
Index: Morningstar® US Target Momentum Index TR (CAD hedged)
Benchmark: S&P 500 TR Index (CAD Hedged)


Distribution details (.csv)

Twelve month-trailing distribution yield: 0.23%

YXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2017 +$0.40400$0.03400$0.37000---$0.37475$0.00062$0.03367$0.00504
2016 +$0.02120$0.02120-----$0.01099$0.01208$0.00187
2015 +$0.04000$0.04000-----$0.00309$0.04342$0.00651
2013 +$0.01000$0.01000-----$0.00863$0.00161$0.00024


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To access the SEDAR filings of First Asset Morningstar US Momentum Index ETF (CAD Hedged) please click here