Canadian ETF knowledgebase
The fund has been designed to replicate, to the extent possible, the performance of the MSCI USA High Quality Index, net of expenses.
The Fund invests in U.S. equity markets, while screening for high return on equity (ROE), stable year-over-year earnings growth and low financial leverage.
The Fund may also invest in or hold securities intended to replicate the performance of the index.
MSCI USA High Quality Index is based on the MSCI USA Index, its parent index, which includes large and mid cap stocks in U.S.
The index aims to capture the performance of quality growth stocks by identifying stocks with high quality scores based on three main fundamental variables: high return on equity (ROE), stable year-over-year earnings growth and low financial leverage.
All securities eligible for inclusion in the index are weighted by the product of their market cap weight in the parent index and their quality score.
Issuer weights are capped at 5%.
The index is rebalanced semi-annually, as of the close of the last business day of November and May.
|Inception Date||Nov 5, 2014|
|Significant Currency Exposure||Yes|
|Management Expense Ratio (MER)||0.34%|
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Yes|
|PACC Plan available **||Unknown|
|SWP available **||Unknown|
* Always check eligibility with your plan operator as plans and accounts can differ
** Not all brokers can facilitate these plans. Check with your broker.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
Canada ETFs's analysis of this ETF will be available soon.