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CI FIRST ASSET FD CORP CI CANADIAN BANKS COVERED CAL INM CL ETFCC

CI FIRST ASSET FD CORP CI CANADIAN BANKS COVERED CAL INM CL ETF

12.21CADD
+0.03+0.25%
Last update at May 16, 19:50 GMT
CAD
No trades
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Overview
Analysis Holdings Discussions Technicals Seasonals

CIC chart


Full chart

Key stats


Assets under management (AUM)
‪247.09 M‬ CAD
Fund flows (1Y)
‪30.47 M‬ CAD
Dividend yield (indicated)
7.86%
Discount/Premium to NAV
−0.09%
Shares outstanding
‪20.27 M‬
Expense ratio
0.87%

About CI FIRST ASSET FD CORP CI CANADIAN BANKS COVERED CAL INM CL ETF


Issuer
CI FINANCIAL CORP
Brand
CI
Home page
firstasset.com
Inception date
Aug 18, 2010
Structure
Canadian Mutual Fund Corporation (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
CI Investments, Inc.
The fund seeks to provide quarterly cash distributions and capital appreciation by investing in an actively managed portfolio that focuses on six of the largest Canadian banks: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia, and The Toronto-Dominion Bank. Holdings are typically equally weighted, but due to an active approach, weightings may deviate significantly. To generate additional income and lower the overall volatility, the fund employs a covered call option strategy on approximately 25% of the portfolio. Rebalancing usually occurs quarterly, subject to fund advisers discretion. Prior to April 22, 2021, the fund was called CI First Asset CanBanc Income Class ETF.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Banks
Strategy
Active
Geography
Canada
Weighting scheme
Proprietary
Selection criteria
Proprietary

CIC analysis


What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Stock breakdown by region
100%
Top 10 holdings
Symbol
Assets
Symbol
Assets
T
Toronto-Dominion BankTD
16.93%
B
Bank of MontrealBMO
16.77%
B
Bank of Nova ScotiaBNS
16.66%
R
Royal Bank of CanadaRY
16.61%
N
National Bank of CanadaNA
16.50%
C
Canadian Imperial Bank of CommerceCM
16.39%
C
Canadian Dollar
0.32%
O
OPTIONS
−0.18%
Top 10 weight100.00%
8 total holdings

Technicals


Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.