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CI U.S. Equity Currency Neutral Class Series A

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U.S. Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-15-2025) 		$16.70
Change
-$0.03 (-0.16%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3May 2016Jan 2017Sep 2017May 2018Jan 2019Sep 2019May 2020Jan 2021Sep 2021May 2022Jan 2023Sep 2023May 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Apr 2025Jul 2017Jan 2019Jul 2020Jan 2022Jul 2023Jan 2025Jan 2…$10,000$15,000$20,000$25,000$5,000$8,000$12,000$14,000$16,000Period

Legend

CI U.S. Equity Currency Neutral Class Series A

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Fund Returns

Inception Return (April 18, 2016): 8.07%

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 -1.18% -11.15% -2.46% -6.04% 11.45% 14.64% 9.13% 4.48% 10.77% 7.63% 7.62% 7.63% 8.34% -
Benchmark -4.57% -11.79% -2.47% -8.73% 12.63% 18.27% 15.08% 12.30% 15.44% 13.55% 14.27% 13.26% 14.84% 13.85%
Category Average -3.76% -11.90% -4.21% -8.32% 7.65% 13.97% 10.67% 7.68% 12.29% 9.92% 10.29% 9.82% 10.95% 9.80%
Category Rank 164 / 1,323 471 / 1,314 366 / 1,305 296 / 1,306 335 / 1,276 658 / 1,207 851 / 1,150 958 / 1,082 794 / 1,022 809 / 957 759 / 869 676 / 801 623 / 718 -
Quartile Ranking 1 2 2 1 2 3 3 4 4 4 4 4 4 -

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 3.90% 1.72% 2.96% 1.76% 3.08% 0.10% 7.17% -3.13% 5.76% -3.57% -6.76% -1.18%
Benchmark 4.13% 3.97% 2.12% 0.07% 2.23% 2.12% 6.59% 0.26% 3.46% -1.62% -6.04% -4.57%

Best Monthly Return Since Inception

12.88% (November 2020)

Worst Monthly Return Since Inception

-18.13% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-40%-20%0%20%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - 18.13% -9.45% 28.10% 5.49% 20.56% -24.12% 27.83% 22.25%
Benchmark 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32% 36.01%
Category Average 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85% 26.98%
Quartile Ranking - - 2 4 1 4 3 4 1 4
Category Rank - - 245/ 766 757/ 851 192/ 923 812/ 998 779/ 1,063 914/ 1,114 242/ 1,177 952/ 1,263

Best Calendar Return (Last 10 years)

28.10% (2019)

Worst Calendar Return (Last 10 years)

-24.12% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 82.73
Canadian Equity 10.07
Income Trust Units 4.54
International Equity 2.40
Cash and Equivalents 0.25
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 31.89
Technology 29.94
Consumer Services 14.66
Healthcare 8.13
Industrial Services 4.57
Other 10.81

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.06
Latin America 4.54
Europe 2.41
Other -0.01

Top Holdings

Top Holdings
Name Percent
CI U.S. Equity Fund Series I 99.74
Cash 0.26
Canadian Dollar 0.00

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return810121416182022242628-10%-5%0%5%10%15%20%25%

CI U.S. Equity Currency Neutral Class Series A

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 18.35% 17.63% -
Beta 1.19% 1.18% -
Alpha -0.08% -0.06% -
Rsquared 0.82% 0.79% -
Sharpe 0.35% 0.53% -
Sortino 0.61% 0.78% -
Treynor 0.05% 0.08% -
Tax Efficiency 91.53% 91.67% -
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 -

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 14.10% 18.35% 17.63% -
Beta 0.96% 1.19% 1.18% -
Alpha 0.00% -0.08% -0.06% -
Rsquared 0.75% 0.82% 0.79% -
Sharpe 0.57% 0.35% 0.53% -
Sortino 1.00% 0.61% 0.78% -
Treynor 0.08% 0.05% 0.08% -
Tax Efficiency 92.89% 91.53% 91.67% -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A34.1​34.156.7​56.70%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A58.9​58.961.2​61.20%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A26.3​26.351.4​51.40%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A26.3​26.358.9​58.90%10%20%30%40%50%60%70%80%90%100%

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.

View the full methodology

Fund Details

Start Date April 18, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $21

Fund Codes

FundServ Code Load Code Sales Status
CIG50056

Investment Objectives

The Fund’s investment objective is to seek a balance of current income and long-term capital appreciation, while minimizing the Fund’s exposure to foreign currency fluctuations against the Canadian dollar, by investing substantially all of its assets in securities of its underlying fund, CI U.S. Equity Fund and using derivatives to hedge against the foreign currency exposure of the portfolio.

Investment Strategy

The Fund will invest primarily in units of the underlying fund and will seek to hedge substantially all of its foreign currency exposure against the Canadian dollar by investing in derivatives, such as options, futures, forward contracts and swaps, to hedge against exposure to foreign currencies. The Fund will only use derivatives in a manner which is consistent with its investment objective and as permitted by securities regulations.

Portfolio Management

Portfolio Manager

CI Global Asset Management
Sub-Advisor

-

Management and Organization

Fund Manager

CI Global Asset Management
Custodian

CIBC Mellon Trust Company
Registrar

CI Global Asset Management
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 2.40%
Management Fee 1.95%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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