CI First Asset Global Financial Sector ETF


Investment Objectives

The Fund's investment objective is 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.

At the discretion of the Portfolio Manager, the Fund may choose to enter into currency forward agreements to hedge all or a portion of the value of the Fund's non-Canadian currency exposure back to the Canadian dollar. Hedging currency exposure to reduce the impact of fluctuations in exchange rates is intended to reduce the direct exposure to foreign currency risk for Unitholders.

IMPORTANT INFORMATION: On April 18, 2016, Signature Global Asset Management, a division of CI Investments Inc., commenced investment advisory and portfolio management services for the Fund.

Signature Global Asset Management

Signature Global Asset Management: Sector Specialists

Signature Global Asset Management, a division of CI Investments Inc., is the Portfolio Manager of the Fund. Signature Global Asset Management, led by Chief Investment Officer Eric Bushell, manages over $50 billion in core equity, balanced and income-oriented funds, and is CI Investments' largest in-house portfolio management group. Signature's John Hadwen, Vice- President and Portfolio Manager, is responsible for stock selection for the Fund.

Mr. Hadwen specializes in the global financial services sector and is responsible for stock selection in the sector for Signature Funds, overseeing approximately $5 billion in assets under management. Mr. Hadwen holds an Honours BA and the Chartered Financial Analyst designation.

FSF 2.39%2.74%15.60%15.60%-3.42%2.68%17.78%0.38%1.71%
As at: 30 Jun 2019 - Benchmark: MSCI ACWI Financials GR Index (Unhedged)


Sector Breakdown*

As at 28 June 2019
*As a percent of invested assets

Country Breakdown*

As at 28 June 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 Fund 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.

Key Facts

Fund Characteristics

Price/Earnings Ratio9.66
Price/Book Ratio1.12
As at 28 Jun, 2019

Fund Statistics

P/S Ratio (TTM) (Long)2.09
ROA % (TTM) (Long)2.52
ROE % (TTM) (Long)15.66
As at 28 Jun, 2019


Distribution details (.csv)

Twelve month trailing distribution yield : 1.99% (as at 23 Jul 2019)

FSFTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2019 +$0.19000$0.19000--------
2018 +$0.37200$0.37200----$0.20839-$0.19247$0.02887
2017 +$0.20100$0.20100-----$0.20100--
2016 +$0.11440$0.11440-----$0.11440--

(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.


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