CI First Asset Gold+ Giants Covered Call ETF

Fund Overview

The ETF's investment objectives is to provide holders, through an actively managed portfolio, as described below, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of securities of the 15 largest Gold and Precious Metals Companies measured by market capitalization listed on a North American stock exchange that have liquid options markets and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly.

Investor suitability
For those who:

  • want North American equity exposure to companies in the gold sector
  • want the potential for high income generation
  • want to receive regular quarterly cash flows (if any)
  • can tolerate high risk.

On July 24, 2019, pursuant to unitholder approval, the ETF's name was changed from CI First Asset Can-Materials Covered Call ETF with ticker "MXF".

Performance

 1m3m6mYTD1y2y3y4y5ySI
CGXF -4.73%6.55%57.57%27.15%44.88%23.33%9.95%6.03%14.51%-0.78%
As at: 30 Sep 2020

 

Historical NAVs

Sector Breakdown

As at September 30, 2020

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. On July 24, 2019, pursuant to unitholder approval, certain changes were made to the investment objectives, strategies and restrictions applicable to the Fund. Material among these changes is the ability for the Fund to invest on an equal weight basis in a portfolio of securities of the 15 largest Gold and Precious Metals Companies measured by market capitalization listed on a North American stock exchange that have liquid options markets. Had these changes been in effect prior to this date the performance of the Fund could have been different.

Key Facts

Fund Characteristics

Gross Option Premium*10.51%
Current Dividend Yield11.10%
Price/Earnings Ratio15.92
Price/Book Ratio2.14
As at 30 Sep, 2020
* Gross Option Premiums represent those received on 18 Sep, 2020
1 The Current Dividend Yield represents the gross yield on the ETF`s underlying portfolio of securities. It is not the yield or the distribution investors will receive by virtue of an investment in the ETF.

Fund Statistics

P/S Ratio (TTM) (Long)2.47
P/C Ratio (TTM) (Long)8.50
ROA % (TTM) (Long)7.22
ROE % (TTM) (Long)12.63
As at 30 Sep, 2020

Number of securities: 30

Asset Allocation

Security Type%
Common Stock66.32%
Foreign Stock33.66%
Currency Security0.02%

Holdings

NameSecurity TypeISINTicker %
B2GOLD CORP Common StockCA11777Q2099 BTO CN 7.09
AGNICO EAGLE MINES LIMITED Common StockCA0084741085 AEM CN 7.03
ANGLOGOLD ASHANTI LTD Foreign StockUS0351282068 AU US 6.89
ROYAL GOLD INC Foreign StockUS7802871084 RGLD US 6.88
FRANCO-NEVADA CORP Common StockCA3518581051 FNV CN 6.85
SIBANYE STILLWATER LTD Foreign StockUS82575P1075 SBSW US 6.83
NEWMONT CORP Foreign StockUS6516391066 NEM US 6.77
YAMANA GOLD INC Common StockCA98462Y1007 YRI CN 6.76
WHEATON PRECIOUS METALS CORP Common StockCA9628791027 WPM CN 6.73
KIRKLAND LAKE GOLD LTD Common StockCA49741E1007 KL CN 6.73
BARRICK GOLD CORP Common StockCA0679011084 ABX CN 6.62
GOLD FIELDS LTD Foreign StockUS38059T1060 GFI US 6.57
PAN AMERICAN SILVER CORP Common StockCA6979001089 PAAS CN 6.46
KINROSS GOLD CORP Common StockCA4969024047 K CN 6.32
ALAMOS GOLD INC NEW Common StockCA0115321089 AGI CN 6.26
ABX CN CALL 38 11/20/20 BARRICK GOLD CORP (21/11/2020) Option 0.00
BTO CN CALL 10 11/20/20 B2GOLD CORP (21/11/2020) Option 0.00
FNV CN CALL 190 11/20/20 FRANCO-NEVADA CORP (21/11/2020) Option 0.00
NEM US CALL 65 11/20/20 NEWMONT MINING CORP (21/11/2020) Option 0.00
KL CN CALL 68 11/20/20 KIRKLAND LAKE GOLD LTD (21/11/2020) Option 0.00
K CN CALL 13 11/20/20 KINROSS GOLD CORP (21/11/2020) Option 0.00
AGI CN CALL 12 11/20/20 ALAMOS GOLD INC (21/11/2020) Option 0.00
WPM CN CALL 68 11/20/20 WHEATON PRECIOUS METALS CO (21/11/2020) Option 0.00
RGLD US CALL 125 11/20/20 ROYAL GOLD INC (21/11/2020) Option 0.00
AEM CN CALL 110 11/20/20 AGNICO EAGLE MINES LTD (21/11/2020) Option 0.00
AU US CALL 28 11/20/20 ANGLOGOLD ASHANTI LTD (21/11/2020) Option 0.00
GFI US CALL 13 11/20/20 GOLD FIELDS LTD (21/11/2020) Option 0.00
YRI CN CALL 8 11/20/20 YAMANA GOLD INC (21/11/2020) Option 0.00
PAAS CN CALL 44 11/20/20 PAN AMERICAN SILVER CORP (21/11/2020) Option 0.00
SBSW US CALL 12.5 11/20/20 SIBANYE STILLWATER (21/11/2020) Option 0.00
Currency Security 0.02

As at: 19 October 2020
Holdings are subject to change

100.81%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 7.66% (as at 19 Oct 2020)

CGXFTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$8.43150$8.43150-$0.01361---$7.52059--
2020 +$0.89730$0.89730--------
24-Sep$0.32350$0.32350--------
24-Jun$0.25310$0.25310--------
25-Mar$0.32070$0.32070--------
2019 +$0.84910$0.84910-$0.00571---$0.84339--
23-Dec$0.24660$0.24660-$0.00166---$0.24494--
24-Sep$0.15070$0.15070-$0.00101---$0.14969--
24-Jun$0.24870$0.24870-$0.00167---$0.24703--
25-Mar$0.20310$0.20310-$0.00137---$0.20173--
2018 +$0.90070$0.90070-----$0.90070--
21-Dec$0.19920$0.19920-----$0.19920--
24-Sep$0.24710$0.24710-----$0.24710--
25-Jun$0.22990$0.22990-----$0.22990--
23-Mar$0.22450$0.22450-----$0.22450--
2017 +$1.04560$1.04560-----$1.04560--
28-Dec$0.20000$0.20000-----$0.20000--
28-Sep$0.21680$0.21680-----$0.21680--
29-Jun$0.31440$0.31440-----$0.31440--
30-Mar$0.31440$0.31440-----$0.31440--
2016 +$1.62210$1.62210-----$1.62210--
29-Dec$0.38390$0.38390-----$0.38390--
29-Sep$0.47450$0.47450-----$0.47450--
29-Jun$0.42290$0.42290-----$0.42290--
30-Mar$0.34080$0.34080-----$0.34080--
2015 +$0.60980$0.60980-$0.00504---$0.60476--
30-Dec$0.31810$0.31810-$0.00263---$0.31547--
29-Sep$0.07080$0.07080-$0.00059---$0.07021--
29-Jun$0.10570$0.10570-$0.00087---$0.10483--
30-Mar$0.11520$0.11520-$0.00095---$0.11425--
2014 +$0.46090$0.46090-----$0.46090--
30-Dec$0.10780$0.10780-----$0.10780--
29-Sep$0.10780$0.10780-----$0.10780--
27-Jun$0.10780$0.10780-----$0.10780--
28-Mar$0.13750$0.13750-----$0.13750--
2013 +$0.66260$0.66260-$0.00286---$0.65974--
30-Dec$0.13750$0.13750-$0.00059---$0.13691--
27-Sep$0.16880$0.16880-$0.00073---$0.16807--
27-Jun$0.16880$0.16880-$0.00073---$0.16807--
27-Mar$0.18750$0.18750-$0.00081---$0.18669--
2012 +$0.83750$0.83750-----$0.83750--
28-Dec$0.20000$0.20000-----$0.20000--
27-Sep$0.20000$0.20000-----$0.20000--
30-Jun$0.18750$0.18750-----$0.18750--
29-Mar$0.25000$0.25000-----$0.25000--
2011 +$0.54590$0.54590-----$0.54590--
29-Dec$0.25000$0.25000-----$0.25000--
29-Sep$0.29590$0.29590-----$0.29590--

(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.

News

1 Feb 2016 Active ETFs finding fertile ground in Canada The Globe and Mail | Clare O'Hara
23 Oct 2015 CI Financial scoops up ETF provider First Asset Capital The Globe and Mail | Clare O'Hara
21 Jul 2015 Stripping away preconceived notions of fixed income Financial Post | John Pagliacci
30 Sep 2014 A look inside Canada's hottest ETFs Special to the Globe and Mail | Andrew Hallam
18 Jun 2014 First Asset ETFs June Distributions Marketwired
15 May 2014 There’s no debating the intelligence of “smart beta” Your Guide to ETF Investing
13 May 2014 Behind the Scenes with Smart Beta www.wealthprofessional.ca
5 May 2014 Taming Wild Currency Plays www.wealthprofessional.ca
14 Apr 2014 Fifteen top Canadian equity funds The Globe and Mail | Jacqueline Nelson
19 Mar 2014 First Asset ETFs March Distributions Marketwired
14 Mar 2014 Understanding factor-indexed ETFs ADVISOR.CA
10 Dec 2013 Intelligent indexing puts a new spin on ETF investing Special to Financial Post
17 Oct 2013 Scouring for ETFs that mix growth, value The Globe and Mail | Ian McGugan
13 Sep 2013 Don't buy exchange-traded funds blindly Richmond News
1 Dec 2012 Fixed-income ETFs hit the sweet spot Investment Executive | Dwarka Lakhan
30 Nov 2012 5 myths about exchange traded funds Financial Post | David Pett
14 Mar 2012 Don't take your ETF's yield at face value Morningstar | John Gabriel
12 Mar 2012 XTF Insight: Convertible bond exchange-traded funds show potential in diversified portfolios Financial Post | Postmedia for XTF | Barry Gordon
7 Mar 2012 Are ETFs bought, rather than sold? Financial Post | Jonathan Chevreau
5 Mar 2012 XTF Insight: Hedging your bets with ETFs Financial Post | Postmedia for XTF
17 Feb 2012 More room to grow for Canadian ETFs Financial Post | David Pett
13 Feb 2012 How ETFs Have Evolved ETF TRENDS | John Spence
13 Feb 2012 XTF Insight: The evolution of ETFs Financial Post | Postmedia for XTF | Barry Gordon
8 Feb 2012 ETFs spurring shift to fee-based advice The Globe and Mail | John Heinzl
6 Feb 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
30 Jan 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
20 Jan 2012 ETF firms take aim at advisors Investment Executive | Megan Harman
13 Dec 2011 First Asset licenses Morningstar indexes for ETFs Investment Executive | James Langton
15 Nov 2011 Advisors embracing ETFs Investment Executive | Megan Harman
7 Jun 2011 Vanguard targets fee-only advisers The Global and Mail | Shirley Won
6 Jun 2011 Vanguard poised to set off ETF price war The Globe and Mail | Shirley Won
31 May 2011 XTF Capital Corp. Launches ETFs Marketwired

Documents

22 Apr, 2020 - ETF Facts

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 them

To access the SEDAR filings of CI First Asset Gold+ Giants Covered Call ETF please click here