First Asset Morningstar US Momentum Index ETF (Unhedged)
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
|As at: 31 Jul 2018 - Benchmark: S&P 500 Index (Total Return) (Unhedged)|
As at 31 July 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.
|Number of Securities||50|
|As at 31 Jul, 2018|
Index Risk Return Measures
|Time period: 12/21/2001 to 07/31/2018||Index||Benchmark|
|Return (% annualized)||10.93||6.45|
|As at 31 Jul, 2018|
Index: Morningstar® US Target Momentum Index TR (Unhedged)
Benchmark: S&P 500 TR Index (Unhedged)
Twelve month-trailing distribution yield: 0.19%
|YXM.B||Total||Cash||Reinvested||Eligible dividends||Non eligible dividends||Other income||Capital Gains||Return of capital||Foreign Income||Foreign tax paid|
(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.
Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on themTo access the SEDAR filings of First Asset Morningstar US Momentum Index ETF (Unhedged) please click here