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CI Canadian Banks Covered Call Income Class ETFCI Canadian Banks Covered Call Income Class ETFCI Canadian Banks Covered Call Income Class ETF

CI Canadian Banks Covered Call Income Class ETF

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Key stats


Assets under management (AUM)
‪353.04 M‬ CAD
Fund flows (1Y)
‪−40.15 M‬ CAD
Dividend yield (indicated)
4.92%
Discount/Premium to NAV
−0.1%
Shares outstanding
‪18.77 M‬
Expense ratio
0.89%

Details


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
Income tax type
Capital Gains
Primary advisor
CI Investments, Inc.
ISIN
CA17163X4012
CUSIP
17163X401
FIGI
BBG0014STSV4
Identifiers
ISIN CA17163X4012
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

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance——————
NAV total return——————

What's in the fund


As of December 31, 2025
Exposure type
StocksBonds, Cash & Other
Finance
Stocks99.81%
Finance99.71%
Bonds, Cash & Other0.19%
Cash0.29%
Rights & Warrants−0.10%
Breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently asked questions


CIC top holdings are Bank of Nova Scotia and Toronto-Dominion Bank, occupying 16.89% and 16.84% of the portfolio correspondingly.
CIC last dividends amounted to 0.07 CAD. The month before, the issuer paid 0.10 CAD in dividends, which shows a 43.33% decrease.
CIC assets under management is ‪353.04 M‬ CAD. It's risen 1.87% over the last month.
CIC fund flows account for ‪−40.15 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CIC pays dividends to its holders with the dividend yield of 4.92%. The last dividend (Jul 31, 2026) amounted to 0.07 CAD. The dividends are paid monthly.
CIC shares are issued by CI Financial Corp. under the brand CI. The ETF was launched on Aug 18, 2010, and its management style is Active.
CIC expense ratio is 0.89% meaning you'd have to pay 0.89% of your investment to help manage the fund.
CIC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CIC invests in stocks.
CIC price has risen by 1.50% over the last month, and its yearly performance shows a 47.30% increase. See more dynamics on CIC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.76% over the last month, showed a 14.58% increase in three-month performance and has increased by 54.06% in a year.
CIC trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.