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CI Canadian Banks Covered Call Income Class ETF (CIC : TSX)

Financial Services Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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Fundata ESG GradeA Click for more information on Fundata’s ESG Grade

Fundata ESG Grade A

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Close
(12-23-2024)
$12.09
Change
-$0.06 (-0.49%)
Open $12.01
Day Range $12.00 - $12.09
Volume 8,301

As at November 30, 2024

As at November 30, 2024

As at July 31, 2024

Period
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Legend

CI Canadian Banks Covered Call Income Class ETF

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Fund Returns

Inception Return (August 18, 2010): 9.23%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 5.00% 10.85% 17.48% 22.07% 32.94% 10.82% 6.72% 12.33% 8.96% 9.03% 7.49% 8.47% 9.39% 7.85%
Benchmark 6.63% 11.31% 19.94% 33.55% 38.40% 21.74% 14.13% 15.74% 10.92% 11.06% 9.30% 10.55% 9.90% 10.14%
Category Average 7.57% 20.96% 20.96% 30.90% 39.99% 16.81% 9.92% 14.27% 10.64% 10.78% 8.89% 10.10% 9.68% 9.35%
Category Rank 61 / 76 57 / 76 61 / 76 60 / 75 56 / 75 51 / 65 39 / 56 42 / 56 34 / 51 33 / 49 31 / 45 27 / 40 19 / 33 26 / 33
Quartile Ranking 4 3 4 4 3 4 3 3 3 3 3 3 3 4

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 8.91% -1.57% 1.69% 5.11% -3.53% 2.38% -3.38% 6.15% 3.34% 5.13% 0.42% 5.00%
Benchmark 3.63% 1.30% 4.53% 3.76% -1.77% 3.17% -0.07% 6.67% 1.09% 2.08% 2.26% 6.63%

Best Monthly Return Since Inception

12.07% (November 2020)

Worst Monthly Return Since Inception

-17.82% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 10.83% -4.66% 26.61% 12.14% -8.98% 14.07% 1.64% 34.05% -11.31% 6.88%
Benchmark 14.35% 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41%
Category Average 10.01% 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26%
Quartile Ranking 3 4 1 3 3 4 2 1 2 3
Category Rank 22/ 30 31/ 33 3/ 33 24/ 41 28/ 45 44/ 49 23/ 51 14/ 56 28/ 56 47/ 65

Best Calendar Return (Last 10 years)

34.05% (2021)

Worst Calendar Return (Last 10 years)

-11.31% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 100.00

Sector Allocation

Sector Allocation
Name Percent
Financial Services 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Bank of Montreal 17.44
Bank of Nova Scotia 17.21
National Bank of Canada 17.20
Canadian Imperial Bank of Commerce 17.15
Royal Bank of Canada 16.70
Toronto-Dominion Bank 14.31

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CI Canadian Banks Covered Call Income Class ETF

Median

Other - Financial Services Equity

3 Yr Annualized

Standard Deviation 16.27% 17.49% 15.06%
Beta 0.97% 0.95% 0.80%
Alpha -0.06% -0.01% 0.00%
Rsquared 0.69% 0.75% 0.54%
Sharpe 0.26% 0.45% 0.47%
Sortino 0.44% 0.58% 0.55%
Treynor 0.04% 0.08% 0.09%
Tax Efficiency 53.27% 64.35% 62.89%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 13.52% 16.27% 17.49% 15.06%
Beta 1.13% 0.97% 0.95% 0.80%
Alpha -0.08% -0.06% -0.01% 0.00%
Rsquared 0.53% 0.69% 0.75% 0.54%
Sharpe 1.86% 0.26% 0.45% 0.47%
Sortino 4.80% 0.44% 0.58% 0.55%
Treynor 0.22% 0.04% 0.08% 0.09%
Tax Efficiency 88.55% 53.27% 64.35% 62.89%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date August 18, 2010
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $219
52 Week High $12.38
52 Week Low $10.30
Annual Dividend $0.81
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy Yes

Investment Objectives

The objectives of the Company are to provide Shareholders with: quarterly distributions; the opportunity for capital appreciation; and lower overall volatility of Portfolio returns than would be experienced by owning a portfolio of common shares of the Banks directly.

Investment Strategy

The Portfolio will initially be approximately equal weighted, and each month the Manager will employ a covered call option writing program on approximately, and not more than, 25% of the common shares of each Bank held in the portfolio, in order to seek to earn attractive tax effective income from dividends and call option premiums, lower the volatility of returns associated with owning a portfolio of common shares of the Banks, and to generate capital appreciation.

Portfolio Manager(s)

Name Start Date
CI Global Asset Management 08-04-2020

Management and Organization

Fund Manager CI Global Asset Management
Advisor CI Global Asset Management
Custodian CIBC Mellon Trust Company
Registrar TSX Trust Company
Distributor -
Auditor Ernst & Young LLP

Fees

MER 0.82%
Management Fee 0.65%

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