CI First Asset U.S. TrendLeaders Index ETF (CAD Hedged)

Fund Overview

The Fund has been designed to replicate the performance of the CIBC U.S. TrendLeaders Index, net of expenses. The Index is comprised of a portfolio of equity securities of U.S. companies. The Index employs a proprietary rules-based model developed by CIBC World Markets which systematically and objectively selects and ranks securities based on the duration and longevity of certain underlying trend-strengths and incorporates an objective quantitative filter for technical factors. The Index was developed based on the empirical evidence that shows that equity securities with the highest trend scores will continue to generate better absolute and relative returns on a more frequent basis and will undergo different cycles of mean-reversion, mostly tied to the duration of the period during which the trend factors are expanding or contracting. To qualify for inclusion in the Index an equity security must: (i) be a constituent of the Solactive U.S. Large and Midcap Index; and (ii) meet a minimum average daily traded dollar value volume threshold. The Index is reconstituted and rebalanced monthly in order to remove constituents with weakening or stagnating trend scores and replace with a new set of higher trend-scoring constituents. It is intended that, except as described in the prospectus, at all times at least 90% of the foreign currency denominated assets held by the Fund attributable to the Units will be hedged back to the Canadian dollar

Investor suitability
For those who:

• want US equity exposure on a CAD hedged basis
• want a dynamic mandate that can incorporate fixed income exposure during periods of equity weakness
• want to receive regular quarterly cash flows (if any)
• Can tolerate medium risk.

Performance

Historical NAVs

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 500 Index tracks 500 large-cap U.S. stocks representing all major industries. This index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of the broader U.S. equity market.