CI U.S. & Canada Lifeco Covered Call ETF

TSX TICKER : FLI
 

Fund overview

The ETF's investment objectives are to provide unitholders with (i) quarterly cash distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would be experienced by owning a portfolio of publicly-traded common equity securities of the ten largest U.S. and Canadian life insurance companies by market capitalization directly.

Fund details

description of elementelement value
Inception date August 2013
Total net assets ($CAD)
As at 2026-11-11
$90.2 million
NAVPS
As at 2026-11-11
$13.2145
Market price
As at 2026-11-11
$13.2200
MER (%)
As at 2026-06-30
0.95
Management fee (%) 0.75
Units outstanding
As at 2026-11-11
6,825,890
Asset class U.S. Equity
Currency CAD
CUSIP 12555K109
Distribution frequency Monthly
Last distribution $0.0667

Risk rating1

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

Investor suitability

For those who:
  • want North-American equity exposure to life insurance companies
  • want the potential for high income generation
  • want active currency management (tactical hedging)
  • want to receive regular quarterly cash flows (if any)
  • can tolerate high risk

Performance2 As at 2026-10-31

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*
13.49% -1.34% 2.11% 19.36% 19.74% 18.51% 12.81% 9.36% 9.65%
*Since inception date

Distribution history3

Ex-Date Total
2026-10-26 0.0667
2026-09-23 0.0599
2026-08-25 0.0839
2026-07-27 0.0554
2026-06-24 0.0674
Ex-Date Total
2026-05-22 0.0766
2026-04-24 0.0580
2026-03-25 0.0477
2026-02-23 0.0576
2026-01-26 0.0557

Management team

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

CI U.S. & Canada Lifeco Covered Call ETF

TSX TICKER : FLI
 
Portfolio allocations4 As at 2026-10-31
Asset allocation (%)
  • US Equity 67.21
  • Canadian Equity 32.60
  • Cash and Equivalents 0.19
Sector allocation (%)
  • Financial Services 99.81
  • Cash and Cash Equivalent 0.19
Geographic allocation(%)
  • United States 67.24
  • Canada 32.76
Top holdings6
Sector (%)
1. Great-West Lifeco Inc Insurance 11.62%
2. Sun Life Financial Inc Insurance 10.93%
3. Metlife Inc Insurance 10.86%
4. Principal Financial Group Inc Insurance 10.38%
5. Manulife Financial Corp Insurance 10.05%
6. Unum Group Insurance 10.00%
7. Globe Life Inc Insurance 9.65%
8. Aflac Inc Insurance 9.46%
9. Prudential Financial Inc Insurance 8.45%
10. Lincoln National Corp Insurance 8.41%
Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.