CI Gold+ Giants Covered Call ETF

Fund Overview

The ETF's investment objective is to provide Unitholders, through an actively managed portfolio, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of equity securities of at least the 15 largest gold and precious metals companies measured by market capitalization isted on a North American stock exchange, and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly by employing a covered call option writing program. The issuers included in the portfolio, which are based on their market capitalization, may be adjusted based on the Portfolio Manager's view on the liquidity of the issuers' equity securities and their related call options.

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".


CGXF -4.91%-10.14%7.18%-6.74%-19.25%5.02%7.30%2.04%2.05%-2.49%-2.29%
As at: 31 Aug 2021


Historical NAVs

Sector Breakdown

As at August 31, 2021

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*4.86%
Current Dividend Yield12.33%
Price/Earnings Ratio11.34
Price/Book Ratio1.85
As at 31 Aug, 2021
* Gross Option Premiums represent those received on 21 Aug, 2021
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)2.73
P/C Ratio (TTM) (Long)7.47
ROA % (TTM) (Long)11.56
ROE % (TTM) (Long)19.35
As at 31 Aug, 2021

Number of securities: 30

Asset Allocation

Security Type%
Common Stock60.27%
Foreign Stock39.73%



CI ETFs endeavours to disclose the portfolio holdings of its index-tracking ETFs (the "Index ETFs") on its website daily. In connection with the regular reconstitution/rebalancing of the indexes tracked by the Index ETFs, CI ETFs may be contractually precluded from disclosing portfolio changes arising in connection with the reconstitution/rebalancing.

In order to prevent the inadvertent breach by CI ETFs of its contractual obligations and also in order to ensure that the Index ETF’s interests are maximized, CI ETFs has implemented this best practice Disclosure Policy. This policy requires that, from the period commencing 3 trading days prior to the effective date of any index reconstitution/rebalancing in respect of an Index ETF (the “Rebalancing Effective Date”) and ending 10 trading days after the Rebalancing Effective Date (or such later date at which all related Rebalancing Trades have been completed) (the “Rebalancing Period”), CI ETFs will not update portfolio information on its website in respect of such Index ETF but will instead continue to display portfolio information in respect of such Index ETF as at the trading date immediately prior to the commencement of the Rebalancing Period. This policy will protect the Index ETF from potentially being exposed to external risk factors, such as front-running, during the Rebalancing Period, and will also ensure that CI ETFs does not inadvertently breach its contractual obligations.
NameSecurity TypeISINTicker %
KIRKLAND LAKE GOLD LTD Common StockCA49741E1007 KL CN 7.73
ROYAL GOLD INC Foreign StockUS7802871084 RGLD US 7.02
YAMANA GOLD INC Common StockCA98462Y1007 YRI CN 6.81
FRANCO-NEVADA CORP Common StockCA3518581051 FNV CN 6.81
GOLD FIELDS LTD Foreign StockUS38059T1060 GFI US 6.67
BARRICK GOLD CORP Common StockCA0679011084 ABX CN 6.61
NEWMONT CORP Foreign StockUS6516391066 NEM US 6.44
PAN AMERICAN SILVER CORP Common StockCA6979001089 PAAS CN 6.42
KINROSS GOLD CORP Common StockCA4969024047 K CN 6.31
B2GOLD CORP Common StockCA11777Q2099 BTO CN 6.06
ANGLOGOLD ASHANTI LTD Foreign StockUS0351282068 AU US 5.77
AEM CN CALL 76 09/17/21 AGNICO EAGLE MINES LTD (18/09/2021) Option 0.00
NEM US CALL 60 09/17/21 NEWMONT MINING CORP (18/09/2021) Option 0.00
ABX CN CALL 26 09/17/21 BARRICK GOLD CORP (18/09/2021) Option 0.00
AU US CALL 17 09/17/21 ANGLOGOLD ASHANTI LTD (18/09/2021) Option 0.00
RGLD US CALL 115 09/17/21 ROYAL GOLD INC (18/09/2021) Option 0.00
K CN CALL 7.75 09/17/21 KINROSS GOLD CORP (18/09/2021) Option 0.00
FNV CN CALL 185 09/17/21 FRANCO-NEVADA CORP (18/09/2021) Option 0.00
YRI CN CALL 5.75 09/17/21 YAMANA GOLD INC (18/09/2021) Option 0.00
GFI US CALL 10 09/17/21 GOLD FIELDS LTD (18/09/2021) Option 0.00
WPM CN CALL 58 09/17/21 WHEATON PRECIOUS METALS CO (18/09/2021) Option 0.00
SBSW US CALL 15 09/17/21 SIBANYE STILLWATER (18/09/2021) Option 0.00
BTO CN CALL 5 09/17/21 B2GOLD CORP (18/09/2021) Option 0.00
PAAS CN CALL 33 09/17/21 PAN AMERICAN SILVER CORP (18/09/2021) Option 0.00
EDV CN CALL 30 09/17/21 Endeavour Mining plc (18/09/2021) Option 0.00
KL CN CALL 52 09/17/21 KIRKLAND LAKE GOLD LTD (18/09/2021) Option 0.00
US DOLLAR Currency Security 0.00

As at: 13 September 2021
Holdings are subject to change



Distribution details (.csv)

Twelve month trailing distribution yield : 12.02% (as at 22 Sep 2021)

CGXFTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2021 +$0.75630$0.75630--------
2020 +$1.44250$1.44250-$0.07362--$0.36033$1.00301$0.00652$0.00098
2019 +$0.84910$0.84910-$0.00571---$0.84339--
2018 +$0.90070$0.90070-----$0.90070--
2017 +$1.04560$1.04560-----$1.04560--
2016 +$1.62210$1.62210-----$1.62210--
2015 +$0.60980$0.60980-$0.00504---$0.60476--
2014 +$0.46090$0.46090-----$0.46090--
2013 +$0.66260$0.66260-$0.00286---$0.65974--
2012 +$0.83750$0.83750-----$0.83750--
2011 +$0.54590$0.54590-----$0.54590--

(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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22 Apr, 2021 - 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 Gold+ Giants Covered Call ETF please click here