CI U.S. Minimum Downside Volatility Index ETF

TSX TICKER : CUDV
 

Fund overview

The ETF’s investment objective is to replicate, to the extent reasonably possible, the performance of the Solactive US Minimum Downside Volatility Hedged to CAD Index NTR (the "Index"), net of expenses, or any successor thereto. The Index intends to track the performance of a portfolio of U.S. companies that exhibits a lower downside volatility than the broader U.S. equity market with a target number of stocks and avoids excessive sector concentration and index turnover.

Fund details

description of elementelement value
Inception date January 2023
Total net assets ($CAD)
As at 2024-06-14
$7.3 million
NAVPS
As at 2024-06-14
$21.0750
Market price
As at 2024-06-14
$21.0600
MER (%)
As at 2023-12-31
0.34
Management fee (%) 0.30
Units outstanding
As at 2024-06-14
350,000
Asset class U.S. Equity
Currency CAD Hedged
CUSIP 12569L101
Distribution frequency Quarterly
Last distribution $0.0855

Risk rating1

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

Investor suitability

For those who:
  • want exposure to a diversified portfolio of U.S. equity securities on a CAD hedged basis
  • are looking for long-term capital appreciation with lower volatility compared to the U.S. equity market
  • want to receive regular cash flows (if any)
  • can tolerate medium risk
  • want the currency exposure hedged back to the Canadian dollar

Performance2 As at 2024-05-31

Growth of $10,000 (Since inception date)

growth of 10k graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
5.07% 2.47% 0.63% 6.39% 10.48% - - - 5.84%
*Since inception date

Distribution history3

Payable date Total
2024-03-21 0.0855
2023-12-20 0.1175
2023-09-22 0.0825
2023-06-23 0.0601
2023-03-24 0.0515

Management team

First we'll display the Team Company and then the Team members
Lijon Geeverghese

CI U.S. Minimum Downside Volatility Index ETF

TSX TICKER : CUDV
 
Portfolio allocations4 As at 2024-05-31
Asset allocation (%)
  • US Equity 93.75
  • International Equity 5.43
  • Cash and Equivalents 0.82
Sector allocation (%)
  • Technology 17.14
  • Financial Services 16.70
  • Healthcare 13.20
  • Consumer Goods 13.01
  • Consumer Services 10.30
  • Telecommunications 9.57
  • Industrial Services 7.49
  • Industrial Goods 5.66
  • Utilities 4.69
  • Other 2.24
Geographic allocation(%)
  • United States 93.81
  • United Kingdom 4.24
  • Ireland 1.13
  • Canada 0.76
  • Switzerland 0.06
Top holdings
Sector (%)
1. Walmart Inc Retail 5.46%
2. Lockheed Martin Corp Aerospace and Defence 5.11%
3. Waste Management Inc Professional Services 5.03%
4. Berkshire Hathaway Inc Cl B Insurance 4.93%
5. Verizon Communications Inc Diversified Telecommunications 4.79%
6. Electronic Arts Inc Information Technology 4.78%
7. Procter & Gamble Co Consumer Non-durables 4.74%
8. AmerisourceBergen Corp Healthcare Equipment 4.63%
9. McDonald's Corp Leisure 4.44%
10. International Business Machines Corp Information Technology 4.38%
11. Johnson & Johnson Drugs 4.26%
12. Amdocs Ltd Information Technology 4.24%
13. Hartford Financial Services Group Inc Insurance 4.23%
14. Marsh & McLennan Cos Inc Insurance 3.62%
15. Duke Energy Corp Electric Utilities 3.58%
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