First Asset Morningstar US Dividend Target 50 Index ETF - UXM

ETF Overview

At time of writing (May 2013) this ETF uses currency hedging although this fact is not mentioned on the fund's Home Page (at First Asset), fact sheet or eluded to by its name (which does not contain 'CAD hedged'). This important detail is only revealed in the fund's 60+ page prospectus.

The First Asset Morningstar US Dividend Target 50 Index ETF has been designed to replicate, to the extent possible, the performance of the Morningstar U.S. Dividend Target 50 Index, net of expenses.

The investment strategy of the First Asset Morningstar US Dividend Target 50 Index ETF is to invest in and hold constituent securities of the Morningstar U.S. Dividend Target 50 Index.

The First Asset Morningstar US Dividend Target 50 Index ETF invests in equity securities of the largest and most liquid U.S. public issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to U.S. dividend paying companies.

Additional Index Information

The Morningstar US Dividend Target 50 Index reflects the performance of 50 dividend paying U.S. based equities.

The securities are selected from a universe comprised of securities trading on one of the three major exchanges in the U.S. and are classified as U.S. securities by Morningstar.

It is a Fundamental Index, screening stocks using Fundamental factors including:

Expected Dividend Yield (33%): Expected Dividend Yield is a measure of the dividends that a company is expected to pay each year.
Cash Flow-to-Debt (20%): Cash Flow-to-Debt is a measure of a company's excess earnings available to debt holders.
5-Year Normal EPS Growth (13%): Earnings-Per-Share ("EPS") is a measure of a company's earnings spread over the shares of a company's outstanding equity. The 5-Year Normal EPS Growth is a historical metric that reflects the EPS growth over a five year period.
Return on Equity (20%): Return on Equity is a measure of the income generated by the equity contributed by shareholders.
EPS Estimate Revision (13%): 3-month EPS estimate revision measures the percentage change over the past 3 months in the median broker earnings estimate for a company's current fiscal year.

The Index is comprised of the top 50 issuers that meet the screening requirements, and are equally weighted and rebalanced quarterly.

Key ETF Data

Fundamentals
Category (main)	USA Equity Income - Fundamental
Category (other)	Fundamental
Underlying Index	Morningstar U.S. Dividend Target 50 Index
ETF Structure	Passive type. Aims to track Fundamental index
Asset Class	Equity
Sub-Asset Class	Equity Income
Region	USA
Issuer	First Asset
ETF Home Page	Available here

Fund Facts
Inception Date	Feb 6, 2012
Total Holdings	50
Distribution Frequency	Quarterly
Leverage	None
Significant Currency Exposure	Yes
Currency Hedging	Yes *

* At least 90% of portfolio will be hedged at all times

Fees
Management Fee	0.60%
Management Expense Ratio (MER)	Unknown *

* Not available yet

Trading Information
Ticker	UXM
Exchange	TSX (Toronto Stock Exchange)
Currency	CAD

Eligibility
Eligibility *	RRSP, RRIF, RESP, TFSA, DPSP, RDSP
DRIP available **	Yes
PACC Plan available **	Yes
SWP available **	Yes

* Always check eligibility with your plan operator as plans and accounts can differ

** Not all brokers can facilitate these plans. Check with your broker.

Current Price, Fund Performance, Yield, NAV, Charts etc

To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below: