CI G5|20 2039 Q3 Fund
Class F CADFund overview
The fund seeks to provide unitholders with guaranteed, sustainable cash flow throughout their retirement years while providing opportunity for capital appreciation. During the initial 5 year accumulation phase and the 20 year distribution phase, the fund will invest in units of underlying funds, exchange traded funds, equity and fixed income securities, cash equivalents as well as derivative instruments in the risk management overlay strategy (together, the “Active Portfolio”). If the fund net assets shift to the protection portfolio, the fund will invest in fixed income securities issued by the Canadian federal and/or provincial governments and cash equivalents (together, the “Protection Portfolio”). A shift of all fund net assets into the Protection Portfolio would only occur as a result of a significant decline in interest rates, fund performance, or both during the term of the fund. See the Guarantees section below for further information on the guarantee provided by the Bank of Montreal.
The charts below give you a snapshot of the fund’s investments on June 27, 2014. The fund’s investments will change.
Fund details
| Inception date | July 2014 |
|
CAD
Total net assets ($CAD)
As at 2025-11-24
|
$2.4 million |
|
NAVPS
As at 2025-12-18 |
$8.6292 |
|
MER (%)
As at 2025-09-30 |
1.93 |
| Management fee (%) | 0.90 |
| Asset class | Asset Allocation |
| Currency | CAD |
| Minimum investment | $500 initial/$25 additional |
| Issue Period | July 2, 2014 to September 30, 2014 |
| Accumulation Phase | October 1, 2014 to September 30, 2019 |
| Distribution Phase | October 1, 2019 to September 30, 2039 |
| Target End Date | October 1, 2039 |
| Distribution frequency | Annually |
| Last distribution | $0.0485 |
Risk rating1
- Low
- Low to medium
- Medium
- Medium to high
- High
Performance2 As at 2025-11-30
Growth of $10,000 (Since inception date)
Calendar year performance
average annual compound returns
| YTD | 1 Mo | 3 Mo | 6 Mo | 1 Y | 3 Y | 5 Y | 10 Y | Inception* |
|---|---|---|---|---|---|---|---|---|
| 3.00% | 1.49% | 2.82% | 4.39% | 3.60% | 4.43% | 0.55% | 1.39% | 1.79% |
Management team
|
Alfred Lam
|
Note: This page is not complete without disclaimers on the next page.
CI G5|20 2039 Q3 Fund
Class F CAD- Canadian Government Bonds 72.80
- US Equity 14.82
- Canadian Equity 9.97
- Cash and Equivalents 1.89
- International Equity 0.41
- Income Trust Units 0.08
- Other 0.03
- Fixed Income 72.80
- Technology 7.65
- Financial Services 5.66
- Other 3.58
- Consumer Services 2.17
- Energy 1.90
- Cash and Cash Equivalent 1.89
- Basic Materials 1.81
- Healthcare 1.45
- Industrial Services 1.09
- Canada 85.16
- United States 14.36
- Ireland 0.29
- Bermuda 0.08
- Switzerland 0.04
- Netherlands 0.03
- Liberia 0.02
- United Kingdom 0.01
- Panama 0.01
|
Underlying fund allocations
|
Sector | (%) |
|---|---|---|
| 1. Ontario Province 5.60% 02-Jun-2035 | Fixed Income | 72.75% |
| 2. iShares Core S&P 500 Index ETF C$ Hgd (XSP) | Exchange Traded Fund | 15.28% |
| 3. iShares S&P/TSX 60 Index ETF (XIU) | Exchange Traded Fund | 10.05% |
| 4. Collateral Bank Of Montreal Cad | Cash and Cash Equivalent | 2.62% |
| 5. CASH | Cash and Cash Equivalent | 1.31% |
| 6. Ontario Province 5.85% 08-Mar-2033 | Fixed Income | 0.05% |
| 7. Collateral Bank Of Montreal Usd | Cash and Cash Equivalent | -0.51% |
|
Top holdings4
|
Sector | (%) |
|---|---|---|
| 1. Ontario Province 5.60% 02-Jun-2035 | Fixed Income | 72.75% |
| 2. iShares Core S&P 500 ETF (IVV) | Exchange Traded Fund | 15.28% |
| 3. Collateral Bank Of Montreal Cad | Cash and Cash Equivalent | 2.62% |
| 4. CASH | Cash and Cash Equivalent | 1.31% |
| 5. Shopify Inc Cl A | Information Technology | 0.88% |
| 6. Royal Bank of Canada | Banking | 0.85% |
| 7. Toronto-Dominion Bank | Banking | 0.58% |
| 8. Enbridge Inc | Energy Services and Equipment | 0.42% |
| 9. Brookfield Corp Cl A | Asset Management | 0.41% |
| 10. Bank of Montreal | Banking | 0.37% |
| 11. Bank of Nova Scotia | Banking | 0.34% |
| 12. Agnico Eagle Mines Ltd | Gold and Precious Metals | 0.33% |
| 13. Canadian Imperial Bank of Commerce | Banking | 0.32% |
| 14. Canadian Natural Resources Ltd | Oil and Gas | 0.28% |
| 15. CANADIAN PACIFIC KANSAS CITY LTD | Transportation | 0.27% |
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.
Please refer to the fund’s simplified prospectus for distribution information.
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 December 2025