CI Morningstar US Value Index ETF - CAD Stock

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® US Target Value IndexTM (the 'Index'), net of expenses. The Fund invests in equity securities of the largest and most liquid U.S. issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to U.S. issuers which are considered to be 'good value' based on characteristics like low price to earnings and low price to cash flow ratios. The investment strategy of the Fund is to invest in and hold the constituent securities of the Index. Foreign currency assets held by the Fund attributable to the Units will not be hedged back to the Canadian dollar.