The Fund’s investment objective is to provide investors with the opportunity for regular distributions by replicating the outcome of an actively managed portfolio of diversified structured notes, primarily through investing in derivatives and/or structured notes that provide exposure to North American and/or global equity indexes and securities. Structured notes are debt instruments that pay a return based on the performance of a reference asset, such as a stock market index or a basket of stocks or commodities. Structured notes may include conditional principal protection, which can protect against moderate equity market declines.
The CI GAM investment team actively manages the Fund’s exposure to indexes, markets and global industry sectors, as well as the maturity dates and protection levels of the underlying structured notes portfolio, to manage risk and enhance returns. The Fund pays a monthly distribution and has a risk rating of Low-to-Medium.
"CI Structured Premium Yield Fund is a compelling choice for investors seeking a higher-yielding and stable monthly income stream," said Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM. "As an actively managed fund, it stands out within the enhanced yield fund segment due to the expertise of our investment management team, who bring to bear extensive experience in managing income and equity-income portfolios."
The Fund’s three lead portfolio managers – Geofrey Marshall, Kevin McSweeney and Lee Goldman – have more than 80 years of combined investment experience and are backed by the deep bench strength of CI GAM’s income and equity investment teams. CI GAM currently manages over $7 billion in high-yield and diversified income funds.
"CI Structured Premium Yield Fund also allows advisors and investors to access the benefits of structured notes through the convenience and simplicity of the mutual fund structure," Ms. Sinopoli said. "The Fund offers a low minimum investment, professional management and built-in diversification, removing the need for advisors to continually analyze and manage individual notes."
In addition to Series I, the Fund is being offered in Series F and P, with a management fee of 0.55%, and Series A, with a management fee of 1.55%.
About CI Global Asset Management
CI Global Asset Management ("CI GAM") is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the web at www.ci.com. CI GAM is a subsidiary of CI Financial Corp. (TSX: CIX), an integrated global asset and wealth management company with approximately $532.7 billion in assets as at November 30, 2024.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.
Certain statements in this document are forward-looking. Forward-looking statements ("FLS") are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as "may," "will," "should," "could," "expect," "anticipate," "intend," "plan," "believe," or "estimate," or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained herein are based upon what CI Global Asset Management and the portfolio manager believe to be reasonable assumptions, neither CI Global Asset Management nor the portfolio manager can assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.
CI Global Asset Management is a registered business name of CI Investments Inc.
