First Asset Morningstar US Value Index ETF (Unhedged)

Investment Objectives

The First Asset Morningstar US Value Index ETF (the "Fund") has been designed to replicate, to the extent possible, the performance of the Morningstar® US Target Value IndexTM (the "Index") (formerly, Morningstar® US Value 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, low price to earnings ratios, low price to cash flow ratios, low price to book value and sales, and upward earnings estimate revisions. 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.

XXM.B -4.34%-2.30%3.13%-4.34%-4.60%8.18%4.27%10.42%13.40%
As at: 31 Jan 2018 - Benchmark: S&P 500 Index (Total Return) (Unhedged)


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 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 Ratio13.68
Price/Book Ratio1.19
As at 31 Jan, 2018

Index Risk Return Measures

Time period: 12/21/2001 to 01/31/2018IndexBenchmark
Return (% annualized)12.966.22
Std Dev15.2911.83
Sortino Ratio1.180.60
Max Drawdown-46.81-42.41
Up Capture121.09100.00
Down Capture85.31100.00
As at 31 Jan, 2018
Index: Morningstar® US Target Value Index TR (Unhedged)
Benchmark: S&P 500 TR Index (Unhedged)


Distribution details (.csv)

Twelve month-trailing distribution yield: 0.76%

XXM.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2017 +$0.91520$0.12520$0.79000-------
2016 +$0.24550$0.10080$0.14470----$0.00009$0.28737$0.04196
2015 +$0.40580$0.16450$0.24130----$0.00012$0.43989$0.03421
2014 +$0.34300$0.15530$0.18770---$0.27299$0.00019$0.08215$0.01233
2013 +$0.01459$0.01459----$0.00485$0.00869$0.00124$0.00019


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