CI First Asset Active Canadian Dividend ETF

Investment Objectives

CI First Asset Active Canadian Dividend ETF (the "Fund") will invest in an actively managed portfolio comprised primarily of dividend-paying and other equity securities of Canadian issuers. The Fund may also invest up to 30% of its net asset value in dividend-paying and other equity securities of non-Canadian issuers.

The Fund's investment objective is to seek long-term total returns consisting of regular dividend income and long-term capital appreciation from an actively managed portfolio comprised primarily of dividend-paying and other equity securities of Canadian issuers.

The Fund will seek to achieve its investment objective through a process that will incorporate both a top-down approach to sector allocation and a bottom-up approach to security selection. Specifically, in constructing and managing the portfolio, the Portfolio Manager intends to apply a top down, macroeconomic approach to sector allocation and rotation, based on its views of the stage of the economic cycle. In selecting individual securities within a particular sector, the Portfolio Manager intends to use a research driven, fundamental approach that highlights issuers that are either undervalued in the Portfolio Manager's opinion, or have attractive valuations relative to their peers in the sector.

Sector Breakdown*

As at 31 May 2019
*As a percent of invested assets

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns.

The S&P/TSX Composite Index is a capitalization-weighted index designed to measure market activity of stocks listed on the Toronto Stock Exchange. This index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of broader Canadian equity market.