CI Canadian Banks Covered Call Income Class ETF

TSX TICKER : CIC
 

Fund overview

The Fund's investment objectives are to provide Shareholders with (i) quarterly distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would be experienced by owning a portfolio of common shares of the following banks directly: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank. As part of its investment strategy, each month, the Fund sells call options on approximately, and not more than, 25% of the common shares of each bank held in the portfolio.

Fund details

description of elementelement value
Inception date August 2010
Total net assets ($CAD)
As at 2025-04-09
$231.3 million
NAVPS
As at 2025-04-09
$11.1636
Market price
As at 2025-04-09
$11.1600
MER (%)
As at 2024-12-31
0.81
Management fee (%) 0.65
Units outstanding
As at 2025-04-09
20,721,193
Asset class Sector Equity
Currency CAD
CUSIP 17163X401
Distribution frequency Monthly
Last distribution $0.0753

Risk rating1

  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High

Investor suitability

For those who:
  • want equity exposure to Canada's 6 largest banks
  • want the potential for high income generation
  • want to receive regular quarterly cash flows (if any)
  • can tolerate medium risk

Performance2 As at 2025-03-31

Growth of $10,000 (Since inception date)

growth of 10k graph

Calendar year performance

annual performance graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
-3.18% -3.93% -3.18% 1.30% 11.48% 2.69% 14.02% 8.25% 8.71%
*Since inception date

Distribution history3

Ex-Date Total
2025-03-25 0.0753
2025-02-24 0.0630
2025-01-27 0.0653
2024-12-23 0.0844
2024-11-25 0.0603
Ex-Date Total
2024-10-25 0.0713
2024-09-23 0.1876
2024-06-24 0.2095
2024-03-21 0.1989
2023-12-20 0.1939

Management team

First we'll display the Team Company and then the Team members
CI Global Asset Management ETF

CI Canadian Banks Covered Call Income Class ETF

TSX TICKER : CIC
 
Portfolio allocations4 As at 2025-03-31
Asset allocation (%)
  • Canadian Equity 99.91
  • Cash and Equivalents 0.09
Sector allocation (%)
  • Financial Services 99.91
  • Cash and Cash Equivalent 0.09
Geographic allocation(%)
  • Canada 100.00
Top holdings
Sector (%)
1. Toronto-Dominion Bank Banking 16.79%
2. National Bank of Canada Banking 16.79%
3. Canadian Imperial Bank of Commerce Banking 16.67%
4. Royal Bank of Canada Banking 16.58%
5. Bank of Nova Scotia Banking 16.58%
6. Bank of Montreal Banking 16.50%
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