CI U.S. Equity Currency Neutral Class

Series A CAD
 

Fund overview

CI U.S. Equity Currency Neutral Class aims to seek a balance of current income and long-term capital appreciation, while minimizing the fund’s exposure to foreign currency fluctuations against the Canadian dollar, by investing substantially all of its assets in securities of its underlying fund, CI U.S. Equity Fund, and using derivatives to hedge against the foreign currency exposure of the portfolio. The underlying fund invests primarily in a diversified portfolio of dividend-paying U.S. equity securities, including common and preferred shares and, to a lesser extent, interest-bearing securities, such as bonds, bills or bankers’ acceptances.

Fund details

description of elementelement value
Inception date April 2016
CAD Total net assets ($CAD)
As at 2024-05-30
$22.3 million
NAVPS
As at 2024-06-19
$15.2019
MER (%)
As at 2023-09-30
2.40
Management fee (%) 1.95
Asset class U.S. Equity
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0250

Risk rating1

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

FUND CODES

A 50056
B DSC SO* 51056
LL SO 53056
LL 52056
F 54056
I 55056
P 58056
*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

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*
7.09% 3.90% 0.24% 12.77% 22.25% 3.38% 9.11% - 8.08%
*Since inception date

Distribution history3

Payable date Total
2024-05-24 0.0250
2024-04-26 0.0250
2024-03-21 0.0250
2024-02-23 0.0250
2024-01-26 0.0250
Payable date Total
2023-12-15 0.0250
2023-11-24 0.0250
2023-10-27 0.0250
2023-09-21 0.0250
2023-08-25 0.0250

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 - $250,000 0.03%
$250,000 - $500,000 0.05%
$500,000 - $1,000,000 0.08%
$1,000,000 - $2,500,000 0.13%
$2,500,000 - $5,000,000 0.18%
$5,000,000 and above 0.20%

Management team

First we'll display the Team Company and then the Team members
Aubrey Hearn
Jack Hall

CI U.S. Equity Currency Neutral Class

Series A CAD
 
Portfolio allocations5 As at 2024-05-31
Asset allocation (%)
  • US Equity 80.63
  • Canadian Equity 9.98
  • Income Trust Units 3.96
  • International Equity 3.76
  • Foreign Corporate Bonds 1.38
  • Cash and Equivalents 0.25
  • Other 0.04
Sector allocation (%)
  • Financial Services 31.22
  • Technology 28.72
  • Consumer Services 13.99
  • Healthcare 8.66
  • Industrial Services 5.10
  • Industrial Goods 4.36
  • Real Estate 3.28
  • Consumer Goods 1.69
  • Other 1.60
  • Fixed Income 1.38
Geographic allocation(%)
  • United States 82.04
  • Canada 10.20
  • Bermuda 3.96
  • Ireland 2.89
  • France 0.87
  • Other 0.04
Underlying fund allocations
Sector (%)
1. CI U.S. Equity Fund Series I Mutual Fund 99.89%
2. Cad Cash Sweep Cash and Cash Equivalent 0.11%
3. Usd Cash Sweep Cash and Cash Equivalent 0.00%
Top holdings
Sector (%)
1. Alphabet Inc Cl C Information Technology 7.88%
2. Microsoft Corp Information Technology 6.49%
3. Visa Inc Cl A Diversified Financial Services 6.07%
4. Amazon.com Inc Retail 6.05%
5. Mastercard Inc Cl A Diversified Financial Services 5.99%
6. Meta Platforms Inc Cl A Information Technology 5.30%
7. Brookfield Corp Cl A Asset Management 4.84%
8. KKR & Co Inc Asset Management 4.78%
9. UnitedHealth Group Inc Healthcare Services 3.41%
10. Apple Inc Computer Electronics 3.32%
11. JPMorgan Chase & Co Banking 3.32%
12. Live Nation Entertainment Inc Leisure 2.99%
13. Booking Holdings Inc Leisure 2.98%
14. Berkshire Hathaway Inc Cl A Insurance 2.95%
15. Brookfield Infrastructure Partners LP - Units Diversified Industrial Goods 2.56%
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