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

Fund Overview

CI First Asset U.S. TrendLeaders Index ETF has been designed to replicate the performance of the CIBC U.S. TrendLeaders Index, net of expenses. The First Asset U.S. TrendLeaders Index ETF invests primarily in equity securities of issuers included in the Solactive U.S. Large and Midcap Index.

The CIBC U.S. TrendLeaders Index (the "U.S. TrendLeaders Index") is comprised of a portfolio of equity securities of U.S. companies. The U.S. TrendLeaders 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.

Market Strategy and Technical Research

Mr. Mokhtari is a Chartered Market Technician and executive director, in the capacity of a research analyst with a focus on technical-model trading in multiple asset classes - Equities, Fixed Income, Commodities, and Currencies. Mr. Mokhtari developed the CIBC TrendSpotting Matrix ("TSM") in 2008, a mechanical trend model designed to provide institutional investors with an objective and systematic multifactor-driven stock and sector allocation methodology.

CIBC World Markets, a subsidiary of CIBC, that among other things, is a leading provider of quantitative index strategies in Canada and the United States with solutions offered across multiple asset classes (equities, commodities, FX and rates). CIBC's index clients include retail investors, asset managers, pension plans and insurance companies. CIBC's index family provides factor, trend, curve, hedging and thematic based investing. CIBC indices facilitate exposure to various asset classes in a systematic, transparent and cost-efficient manner.

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.