CI Global Minimum Downside Volatility Index Fund
Series P CAD HedgedFund overview
The fund seeks to replicate, to the extent reasonably possible, the performance of a portfolio of companies located in developed markets that exhibits a lower downside volatility than the broader developed equity markets, net of expenses. Currently, the fund seeks to track the Solactive DM Minimum Downside Volatility Hedged to CAD Index NTR, net of expenses, or any successor thereto.
Fund details
| Inception date | May 2025 |
|
NAVPS
As at 2025-05-23 |
$9.9567 |
| MER (%) | Information not available |
| Management fee (%) | 0.30 |
| Asset class | Global Equity |
| Currency | CAD Hedged |
| Minimum investment | $500 initial/$25 additional |
Risk rating1
- Low
- Low to medium
- Medium
- Medium to high
- High
Performance2 As at 2025-04-30
Management team
|
CI Global Asset Management Fund
|
Note: This page is not complete without disclaimers on the next page.
CI Global Minimum Downside Volatility Index Fund
Series P CAD Hedged- US Equity 59.21
- International Equity 35.10
- Canadian Equity 2.46
- Income Trust Units 2.37
- Cash and Equivalents 0.85
- Other 0.01
- Telecommunications 16.84
- Consumer Goods 14.87
- Industrial Services 13.18
- Financial Services 11.50
- Consumer Services 10.01
- Industrial Goods 9.77
- Healthcare 8.50
- Other 6.65
- Technology 5.77
- Utilities 2.91
- United States 59.16
- Switzerland 9.78
- Japan 8.46
- Other 6.32
- United Kingdom 4.90
- Canada 3.32
- Netherlands 3.32
- Hong Kong 1.79
- Spain 1.77
- Israel 1.18
|
Top holdings4
|
Sector | (%) |
|---|---|---|
| 1. Republic Services Inc | Professional Services | 5.98% |
| 2. Berkshire Hathaway Inc Cl B | Insurance | 5.71% |
| 3. Waste Management Inc | Professional Services | 5.18% |
| 4. Swisscom AG Cl N | Diversified Telecommunications | 4.76% |
| 5. Verizon Communications Inc | Diversified Telecommunications | 4.44% |
| 6. Autozone Inc | Automotive | 4.36% |
| 7. McDonald's Holdings Co Japan Ltd | Leisure | 4.34% |
| 8. Keurig Dr Pepper Inc | Food, Beverage and Tobacco | 4.30% |
| 9. General Dynamics Corp | Aerospace and Defence | 4.26% |
| 10. Amdocs Ltd | Information Technology | 4.18% |
| 11. Novartis AG Cl N | Drugs | 3.87% |
| 12. Lockheed Martin Corp | Aerospace and Defence | 3.85% |
| 13. Walmart Inc | Retail | 3.42% |
| 14. PepsiCo Inc | Food, Beverage and Tobacco | 3.24% |
| 15. Koninklijke KPN NV | Diversified Telecommunications | 3.14% |
Note: This page is not complete without disclaimers on the next page.
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.
4 The portfolio holdings are subject to change without notice and may only represent a small percentage of portfolio holdings. They are not recommendations to buy or sell any particular security.
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. 2025. All rights reserved.
Published May 2025