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 2024-05-30
$24.0 million
NAVPS
As at 2024-06-14
$8.8650
MER (%)
As at 2023-09-30
2.73
Management fee (%) 1.65
Asset class Sector Equity
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Quarterly
Last distribution $0.2756

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 2024-05-31

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*
2.68% 1.33% 2.68% 11.44% 10.93% - - - 0.06%
*Since inception date

Distribution history3

Payable date Total
2024-03-22 0.2756
2023-12-28 0.1616
2023-09-22 0.1460
2023-06-23 0.1957

Management team

First we'll display the Team Company and then the Team members
George Lagoudakis

CI Canadian Banks Covered Call Income Corporate Class

Series A CAD
 
Portfolio allocations4 As at 2024-05-31
Asset allocation (%)
  • Canadian Equity 99.55
  • Cash and Equivalents 0.43
  • Other 0.02
Sector allocation (%)
  • Financial Services 99.55
  • Cash and Cash Equivalent 0.43
  • Other 0.02
Geographic allocation(%)
  • Canada 99.98
  • Other 0.02
Top holdings
Sector (%)
1. CI Canadian Banks Covered Call Inc Class ETF (CIC) Exchange Traded Fund 99.99%
2. Cad Cash Sweep Cash and Cash Equivalent 0.06%
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