CI Global Value Fund
Series A CADFund overview
This fund invests primarily in equity and equity-related securities of companies around the world.
Fund details
| Inception date | June 1996 |
|
CAD
Total net assets ($CAD)
As at 2024-10-30
|
$57.7 million |
|
NAVPS
As at 2024-11-20 |
$29.8624 |
|
MER (%)
As at 2024-03-31 |
2.45 |
| Management fee (%) | 2.00 |
| Asset class | Global Equity |
| Currency | CAD |
| Minimum investment | $500 initial/$25 additional |
| Distribution frequency | Annually |
| Last distribution | $0.1617 |
Risk rating1
- Low
- Low to medium
- Medium
- Medium to high
- High
Performance2 As at 2024-10-31
Growth of $10,000 (Since inception date)
Calendar year performance
average annual compound returns
| YTD | 1 Mo | 3 Mo | 6 Mo | 1 Y | 3 Y | 5 Y | 10 Y | Inception* |
|---|---|---|---|---|---|---|---|---|
| 12.33% | -0.33% | 1.50% | 7.77% | 18.35% | 6.85% | 6.40% | 7.40% | 4.27% |
Distribution history3
| Payable date | Total |
|---|---|
| 2022-12-16 | 0.1617 |
| 2017-12-15 | 0.0749 |
| 2014-12-19 | 0.0623 |
| 2011-12-16 | 0.0890 |
| 2009-12-18 | 0.0370 |
| Payable date | Total |
|---|---|
| 2008-12-19 | 0.3320 |
| 2007-12-14 | 0.2020 |
| 2006-12-15 | 0.1430 |
| 2005-12-16 | 0.0850 |
| 1998-12-18 | 0.0140 |
CI PREFERRED PRICING4
| Investment amount | Combined fee reduction |
|---|---|
| $100,000 - $500,000 | 0.08% |
| $500,000 - $1,000,000 | 0.11% |
| $1,000,000 - $2,500,000 | 0.22% |
| $2,500,000 - $5,000,000 | 0.30% |
| $5,000,000 and above | 0.42% |
Management team
|
| Altrinsic Global Advisors follows a fundamental value approach to seek out high-quality undervalued companies worldwide. Altrinsic was founded by John Hock and associates and a sub-advisor to CI Global Asset Management, a subsidiary of CI Financial Corp. CI Financial Corp. holds a minority interest in Altrinsic Global Advisors. |
|
John Hock
John DeVita
Rich McCormick
|
Note: This page is not complete without disclaimers on the next page.
CI Global Value Fund
Series A CAD- International Equity 60.03
- US Equity 35.03
- Cash and Equivalents 3.18
- Canadian Equity 1.74
- Other 0.02
- Financial Services 29.85
- Consumer Goods 13.93
- Other 10.72
- Technology 10.32
- Basic Materials 7.94
- Healthcare 7.57
- Consumer Services 6.03
- Real Estate 4.96
- Industrial Services 4.37
- Industrial Goods 4.31
- United States 35.28
- Other 16.42
- Ireland 7.52
- France 6.88
- Japan 6.50
- Switzerland 6.31
- Bermuda 6.30
- United Kingdom 5.27
- Germany 4.85
- Canada 4.67
|
Top holdings
|
Sector | (%) |
|---|---|---|
| 1. Hanover Insurance Group Inc | Insurance | 3.62% |
| 2. Chubb Ltd | Insurance | 3.45% |
| 3. Cisco Systems Inc | Computer Electronics | 3.33% |
| 4. Cad Cash Sweep | Cash and Cash Equivalent | 2.97% |
| 5. Everest RE Group Ltd | Insurance | 2.70% |
| 6. Willis Towers Watson PLC | Insurance | 2.40% |
| 7. Intercontinental Exchange Inc | Asset Management | 2.33% |
| 8. Samsung Electronics Co Ltd - GDR | Computer Electronics | 2.25% |
| 9. Medtronic PLC | Healthcare Equipment | 2.20% |
| 10. AXIS Capital Holdings Ltd | Insurance | 2.05% |
| 11. Las Vegas Sands Corp | Leisure | 1.99% |
| 12. HDFC Bank Ltd - ADR | Banking | 1.96% |
| 13. Danone SA | Food, Beverage and Tobacco | 1.87% |
| 14. Heineken NV | Food, Beverage and Tobacco | 1.86% |
| 15. KB Financial Group Inc | Banking | 1.83% |
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.
3 Please refer to the fund’s simplified prospectus for distribution information.
4 CI Preferred Pricing fee reductions apply to management and administration fees and start at $100,000.
5 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