Download FIRST ASSET CANADIAN DIVIDEND LOW VOLATILITY INDEX ETF

FIRST ASSET
CANADIAN DIVIDEND LOW VOLATILITY INDEX ETF
Common Series as at June 30, 2017
FUND OVERVIEW
Asset Class: Canadian Equity
This ETF provides investors with exposure to a select group of 20 Canadian equity securities that exhibit low
beta (low sensitivity to market fluctuations) and high dividend yield characteristics. FDL has been designed
to replicate, to the extent possible, the performance of the CIBC Canadian Dividend Low Volatility Index,
which uses a proprietary rules-based methodology to select constituent securities from those trading on the
TSX that meet minimum market cap and average daily volume thresholds. Securities will be equally
weighted and rebalanced quarterly.
TSX TICKER:
FDL
FUND INFORMATION
Inception Date
GROWTH OF $10,000 (HISTORICAL INDEX PERFORMANCE)¹
October 12, 2016
NAV per Unit
$20.28
Number of Holdings
20
Distribution Frequency
Quarterly, if any
CUSIP
31866N107
Management Fee
0.55%
Benchmark
S&P/TSX Composite TR Index
CHARACTERISTICS
Index
Benchmark
Return (annualized)
9.10%
P/E Ratio
16.79
P/B Ratio
1.43
1.82
Std Dev
9.40
12.93
Beta
0.52
1.00
Sharpe Ratio
0.79
0.47
Sortino Ratio
18.07
1.21
0.65
Max Drawdown
-33.92
-43.35
Up Capture
69.58
100.00
Down Capture
42.36
100.00
TRAILING INDEX RETURNS (%)¹
CIBC Canadian Dividend Low Volatility Index
SECTOR ALLOCATIONS(%)
Time period: 5/01/2005 to 30/06/2017
Real Estate
43.6
EQUITY STYLE BOX
Financials
15.5
Telecom Services
15.3
Utilities
15.1
10
10
16
43
10
11
0
0
0
Materials
5.3
Consumer Discretionary
5.2
Industrials
0.0
Consumer Staples
0.0
Energy
0.0
Healthcare
0.0
Information Technology
0.0
1y
3y
5y
10y
3.68
4.48
9.11
6.44
RELATIVE TO BENCHMARK
38.36%
-16.43%
9.60%
11.82%
-6.00%
0.44%
-9.51%
-4.48%
-19.68%
-0.71%
-3.41%
-60
-30
0
30
60
¹The rate of return chart shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the Index or the Fund or returns on investment in
the Fund. Returns of an Index do not represent the Fund's returns. An investor cannot invest directly in an Index. All performance data for all indices assumes the reinvestment of all distributions.
CIBC index performance data results prior to September 30, 2016 are hypothetical, but are calculated using the same methodology that has been in use by the index provider since the Index was
first published. Information regarding the CIBC index, including the applicable index methodology, is available at https://www.solactive.com/?s=CIBC. As a result of the risks and limitations
inherent in hypothetical performance data, hypothetical results may differ from actual Index performance.
Use of benchmark: The S&P/TSX Composite Index is a capitalization-weighted index designed to measure market activity of stocks listed on the Toronto Stock Exchange. This index is used as a
benchmark to help you understand the Fund`s performance relative to the general performance of broader Canadian equity market.
FIRST ASSET CANADIAN DIVIDEND LOW VOLATILITY INDEX ETF (TSX: FDL)
TOP 10 HOLDINGS (%)
KEY REASONS TO INVEST
FRANCO-NEVADA CORP
5.36
ALLIED PROPERTIES REIT
5.36
ALGONQUIN POWER & UTIL CORP
5.26
CINEPLEX INC
5.22
ROGERS COMMUNICATIONS INC
5.20
THOMSON REUTERS CORP
5.20
CI FINANCIAL INC
5.18
SHAW COMMUNICATIONS INC
5.14
EMERA
5.13
INTACT FINANCIAL CORP
5.11
• Lower historical share price volatility relative
to the S&P/TSX Composite Index with
better risk-adjusted returns than the
broader Canadian equity market
• Considerably higher dividend yield relative
to the market
• In order to be selected for inclusion,
securities must score well from both a low
volatility and a dividend yield perspective
(equal importance given to both)
• Ideal solution for conservative investors and/or
those looking to supplement their income in
today’s low yield environment
CIBC Capital Markets is a leading provider of quantitative index strategies in Canada and the United States with solutions offered across
multiple asset classes (equities, commodities, FX and rates). CIBC’s index clients include retail investors, asset managers, pension plans
and insurance companies. CIBC’s index family provides factor, trend, curve, hedging and thematic based investing. CIBC indices facilitate
exposure to various asset classes in a systematic, transparent and cost-efficient manner.
INDEX DESIGN & STRUCTURE
In order for stocks to be included in the Canadian Dividend Low Volatility portfolio, companies must exhibit low beta and high dividend
yield characteristics. Stocks in the Solactive Canandian stock universe are ranked based on both of these screens quarterly, ensuring that
the top 20 stocks with the highest composite scores are selected for inclusion. The Solactive Canadian stock universe consists of all TSX
listed companies that meet certain domicile, liquidity and other requirements. To ensure sufficient liquidity, all index constituents must have
at least a $2 billion market cap and $10 million of average daily dollar volume traded.
Model Structure
CIBC Equity Factor Scoring System
Solactive Canadian
Stock Universe
Low Volatility
High Dividend
Low sensitivity to market
fluctuations as measured by three
year historical beta
High dividend yield based on
trailing 12m dividend
Top 20 stocks that
meet the screening
requirements
1 (877) 642-1289 | www.firstasset.com | [email protected]
First Asset - Smart SolutionsTM
First Asset, a CI Financial Company, is a Canadian investment firm delivering a comprehensive suite of smart ETF solutions. Rooted in strong fundamentals, First
Asset`s smart solutions strive to deliver better risk-adjusted returns than the broad market while helping investors achieve their personal financial goals.
There is no assurance that the Fund will achieve its investment objectives. Commissions, trailing commissions, management fees and expenses all may be associated with investments in exchange
traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated. The indicated
rates of return of the Fund 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. Performance is calculated net of fees. This communication is intended for informational purposes only and is not, and should not be
construed as, investment and/or tax advice to any individual. Particular investments and/or trading strategies should be evaluated relative to each individual's circumstances. Individuals should
seek the advice of professionals, as appropriate, regarding any particular investment. Certain trademarks of Canadian Imperial Bank of Commerce and/or certain of its affiliates (collectively
"CIBC") have been licensed by First Asset Investment Management Inc. ("First Asset") for use in connection with the First Asset ETFs. The securities of the First Asset ETFs are not sponsored,
promoted, sold or supported in any other manner by CIBC or by the index calculation agent, Solactive A.G. ("Solactive"), nor do CIBC or Solactive offer any express or implicit guarantee or
assurance either with regard to the results of using the indexes on which the First Asset ETFs are based, or the index prices at any time or in any other respect. First Asset Canadian Dividend Low
Volatility Index ETF is managed by First Asset Investment Management Inc., a subsidiary of First Asset Capital Corp. (FA Capital). TM First Asset and its logo are trademarks of FA Capital, a wholly
owned subsidiary of CI Financial Corp. which is listed on the Toronto Stock Exchange under the symbol "CIX". ®CI FINANCIAL is a registered trademark of CI Investment Inc., used under license.