CI Canadian Banks Covered Call Income Corporate Class

Series A CAD
 

Fund overview

The fund’s investment objective is to provide shareholders with (i) regular 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 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 directly.

Fund details

description of elementelement value
Inception date February 2023
CAD Total net assets ($CAD)
As at 2024-10-30
 $28.2 million
NAVPS
As at 2024-11-21 		$10.2739
MER (%)
As at 2024-03-31 		1.91
Management fee (%) 1.65
Asset class Sector Equity
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0600

Risk rating1

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

FUND CODES
A ISC 2122
DSC SO* 3122
LL SO 3022
F 4122
I 5122
P 90126
*No new purchases directly into switch only funds.

Performance2 As at 2024-10-31

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*
15.04% 0.33% 8.69% 13.52% 34.03% - - - 6.99%
*Since inception date

Distribution history3

Payable date Total
2024-10-25 0.0600
2024-09-27 0.1567
2024-06-21 0.1759
2024-03-22 0.2756
2023-12-28 0.1616
Payable date Total
2023-09-22 0.1460
2023-06-23 0.1957

Management team

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

Note: This page is not complete without disclaimers on the next page.

CI Canadian Banks Covered Call Income Corporate Class

Series A CAD
 
Portfolio allocations4 As at 2024-10-31
Asset allocation (%)
  • Canadian Equity 98.68
  • Cash and Equivalents 1.32
Sector allocation (%)
  • Financial Services 98.85
  • Cash and Cash Equivalent 1.32
  • Other -0.17
Geographic allocation(%)
  • Canada 100.17
  • Other -0.17
Top holdings
Sector (%)
1. CI Canadian Banks Covered Call Inc Class ETF (CIC) Exchange Traded Fund 99.40%

Note: This page is not complete without disclaimers on the next page.

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.

1 The risk level of a fund has been determined in accordance with a standardized risk classification methodology in National Instrument 81-102, that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the fund’s returns. Where a fund has offered securities to the public for less than 10 years, the standardized methodology requires that the standard deviation of a reference mutual fund or index that reasonably approximates the fund’s standard deviation be used to determine the fund’s risk rating. Please note that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.

2 Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all dividends/distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

3 Please refer to the fund’s simplified prospectus for distribution information.

4 Portfolio allocations will fluctuate over the life of the mutual fund as the portfolio holdings and market value of each security changes. The portfolio manager(s) may change the portfolio allocations in some or all of the sectors.

The contents are not to be used or construed as investment advice or as an endorsement or recommendation of any entity of security discussed.

Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI has taken reasonable steps to ensure their accuracy.

The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values or returns on investment in an investment fund.

The “Growth of $10,000 invested” chart shows the final value of a hypothetical $10,000 investment in securities in this class/series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.

Management Expense Ratio (“MER”) represents the trailing 12-month management expense ratio, which reflects the cost of running the fund, inclusive of applicable taxes including HST, GST and QST (excluding commissions and other portfolio transaction costs) as a percentage of daily average net asset value the period, including the fund’s proportionate share of any underlying fund(s) expenses, if applicable. The MER is reported in each fund’s Management Report of Fund Performance (“MRFP”). MRFPs can be found within the Documents tab on ci.com.

CI Global Asset Management is a registered business name of CI Investments Inc.

©CI Investments Inc. 2024. All rights reserved.

Published November 2024