The Fund's investment objectives are to seek long-term total returns consisting of long-term capital appreciation and regular dividend income from an actively managed portfolio composed primarily of securities of issuers in the global financial services sector across developed and emerging markets.
For those who:
|As at: 30 Sep 2020 - Benchmark: MSCI ACWI Financials GR Index (Unhedged)|
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. CI First Asset Global Financial Sector ETF (FSF) was originally launched as a TSX-listed closed-end fund on November 21, 2014, and converted into an exchange traded fund on April 25, 2016. Performance shown is since inception of the closed-end fund. In connection with the conversion, and pursuant to unitholder approval, the annual management fee payable by the Fund to CI Investments Inc., as manager, was reduced to 0.85% (from 1.00%) of the NAV per unit and certain changes were made to the investment objectives, strategies and restrictions applicable to the Fund. Material among these changes is the ability of the Fund to invest in securities of global financial issuers; thereby broadening the scope of eligible investments both geographically and by type of financial institutions. On April 18, 2016, Signature Global Asset Management, a division of CI Investments Inc., commenced investment advisory and portfolio management services for the Fund. Had these changes been in effect prior to this date the performance of the Fund could have been different.
The MSCI ACWI Financials Index captures large and mid cap representation across 23 Developed Markets and 23 Emerging Markets countries. All securities in the index are classified in the Financials sector as per the Global Industry Classification Standard (GICS®). This Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of Developed and Emerging Markets`s Financial sectors.
|As at 30 Sep, 2020|
|P/S Ratio (TTM) (Long)||0.95|
|ROA % (TTM) (Long)||1.61|
|ROE % (TTM) (Long)||10.29|
|As at 30 Sep, 2020|
Number of securities: 35
|SLM CORP||Foreign Stock||US78442P1066||SLM US||9.93|
|SYNCHRONY FINANCIAL||Foreign Stock||US87165B1035||SYF US||8.68|
|BURFORD CAPITAL LTD||Foreign Stock||GG00B4L84979||BUR LN||7.59|
|EQUITABLE HOLDINGS INC||Foreign Stock||US29452E1010||EQH US||5.20|
|AERCAP HOLDINGS NV||Foreign Stock||NL0000687663||AER US||5.04|
|CITIGROUP INC||Foreign Stock||US1729674242||C US||4.53|
|ING GROEP NV||Foreign Stock||NL0011821202||INGA NA||4.40|
|ABN AMRO BANK NV||Foreign Stock||NL0011540547||ABN NA||4.35|
|BAWAG GROUP AG||Foreign Stock||AT0000BAWAG2||BG AV||4.33|
|AVIVA PLC||Foreign Stock||GB0002162385||AV/ LN||4.18|
As at: 30 September 2020
Twelve month trailing distribution yield : 2.04% (as at 27 Oct 2020)
|FSF||Total||Cash||Reinvested||Eligible dividends||Non eligible dividends||Other income||Capital Gains||Return of capital||Foreign Income||Foreign tax paid|
(1) Future distribution dates may be amended at any time. (2) Reinvested distributions are not paid in cash but instead remain invested in the Fund. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. (3) The characterization of distributions for tax purposes (such as dividends/other income/capital gains etc.) will not be known for certain until after the Fund's tax year end. Therefore investors will be informed of the characterization of the amounts distributed for tax purposes only for the entire year and not with each distribution. For tax purposes these amounts will be reported by brokers on official tax statements.
23 Oct, 2020 - Notice of meeting
23 Oct, 2020 - Management Information Circular
23 Oct, 2020 - Form of Proxy
National Instrument 81-106 Investment Fund Continuous Disclosure requires disclosure of the proxy voting record on an annual basis for the period ending on June 30 of each year. The proxy voting record must be posted on the website no later than August 31 of each year.
Canadian securities law provides that the manager of an investment funds (in this case, CI Investments Inc. ("CI")), acting on behalf of the investment fund, has the right and obligation to vote proxies relating to the investment fund's portfolio securities. As a practical matter, CI delegates this function to the applicable portfolio manager or sub-adviser, as part of the portfolio manager's or sub-adviser's general management of the investment fund assets, subject to oversight by CI. CI generally requires that applicable portfolio managers or sub-advisers vote all proxies in the best interest of CI's funds and their securityholders, as determined solely by the portfolio manager or sub-adviser, and subject to CI's proxy voting policy, the guidelines applicable to the individual portfolio manager or sub-adviser, and applicable legislation. Portfolio managers and sub-advisers are generally expected to vote on any matter for which the investment fund receives proxy materials for a meeting of securityholders of an issuer.
Proxy voting record for the most recent year:
30 Jun, 2020 - Proxy Voting Record
Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on themTo access the SEDAR filings of CI First Asset Global Financial Sector ETF please click here