As of September 28, 2018, First Asset Morningstar U.S. Consumer Defensive Index Fund has been acquired by First Asset MSCI USA Low Risk Weighted ETF. First Asset Morningstar U.S. Consumer Defensive Index Fund is a closed-ended equity indexed mutual fund launched and managed by First Asset Investment Management Inc. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the consumer staples sector, with an emphasis on companies that are engaged in the manufacturing of food, beverages, household and personal products, packaging, or tobacco. It replicates the performance of the Morningstar Consumer Defensive Index by investing in companies in proportion to their weighting in the index. The fund obtains external research to complement its in-house research activities. It was formerly known as First Asset Morningstar Advantaged U.S. Consumer Defensive Fund. First Asset Morningstar U.S. Consumer Defensive Index Fund was formed on February 27, 2013, and is domiciled in Canada.