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 2024-01-31
$20.6 million
NAVPS
As at 2024-02-23
$9.2239
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 $0.1616

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 2024-01-31

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*
-1.48% -1.48% 14.79% -0.47% - - - - -3.98%
*Since inception date

Distribution history3

Payable date Total
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 2024-01-31
Asset allocation (%)
  • Canadian Equity 99.00
  • Cash and Equivalents 1.01
  • Other -0.01
Sector allocation (%)
  • Financial Services 99.30
  • Cash and Cash Equivalent 1.01
  • Other -0.31
Geographic allocation(%)
  • Canada 100.31
  • Other -0.31
Top holdings
Sector (%)
1. CI Canadian Banks Covered Call Inc Class ETF (CIC) Exchange Traded Fund 99.77%
2. Cad Cash Sweep Cash and Cash Equivalent 0.22%
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