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 2025-07-04
$88.0 million
NAVPS
As at 2025-07-04
$11.1116
Market price
As at 2025-07-04
$11.1000
MER (%)
As at 2024-12-31
0.96
Management fee (%) 0.75
Units outstanding
As at 2025-07-04
7,925,890
Asset class U.S. Equity
Currency CAD
CUSIP 12555K109
Distribution frequency Quarterly
Last distribution $0.2202

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 2025-06-30

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*
3.94% 1.59% -2.33% 3.94% 20.50% 13.88% 17.59% 6.99% 8.70%
*Since inception date

Distribution history3

Ex-Date Total
2025-06-24 0.2202
2025-03-25 0.1783
2024-12-23 0.1950
2024-09-23 0.1735
2024-06-24 0.1801
Ex-Date Total
2024-03-21 0.1584
2023-12-20 0.1821
2023-09-22 0.1743
2023-06-23 0.1943
2023-03-24 0.1632

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 2025-05-31
Asset allocation (%)
  • US Equity 66.51
  • Canadian Equity 32.09
  • Cash and Equivalents 1.40
Sector allocation (%)
  • Financial Services 98.60
  • Cash and Cash Equivalent 1.40
Geographic allocation(%)
  • United States 66.47
  • Canada 33.53
Top holdings5
Sector (%)
1. Great-West Lifeco Inc Insurance 11.49%
2. Sun Life Financial Inc Insurance 10.59%
3. Unum Group Insurance 10.57%
4. Globe Life Inc Insurance 10.08%
5. Manulife Financial Corp Insurance 10.01%
6. Lincoln National Corp Insurance 9.78%
7. Aflac Inc Insurance 9.49%
8. Principal Financial Group Inc Insurance 9.31%
9. Metlife Inc Insurance 8.82%
10. Prudential Financial Inc Insurance 8.46%
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.