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January 22, 2021

CI Global Asset Management funds and ETFs recognized for performance by FundGrade® A+ Awards

TORONTO (January 22, 2021) – CI Global Asset Management (“CI GAM”) announced today that it has received 35 FundGrade A+® Awards, which are presented annually by Fundata Canada Inc. to acknowledge Canadian investment funds that have maintained an exceptional performance rating over the entire previous calendar year.

 

Winning CI GAM funds included six mutual funds and pools, two exchange-traded funds, and 27 segregated funds managed by CI GAM.

 

“The FundGrade A+® awards represent an objective recognition of investment excellence and we’re proud to see our performance reflected in the results,” said Kurt MacAlpine, Chief Executive Officer of CI Financial Corp., parent company of CI GAM. “The awards speak to the quality and diversity of our product lineup as well as the investment capabilities of our portfolio management team. CI GAM has built a diverse product lineup that allows investors to access our investment expertise in the mandate and structure that best suits their needs and preferences.

 

“It’s notable that our winning mandates span asset classes, as well as product structures including mutual and segregated funds, pools and ETFs. Congratulations to our portfolio managers.”

 

CI’s winning mutual funds, pools and ETFs are:

 

Funds Portfolio manager
Cambridge Bond Fund Paul Marcogliese
Signature Floating Rate Income Fund Geof Marshall, Darren Arrowsmith
Sentry U.S. Monthly Income Fund Aubrey Hearn, James Dutkiewicz, Jack Hall
Sentry Global Investment Grade Private Pool Class John Shaw, Leanne Ongaro
Sentry Defensive Income Portfolio James Dutkiewicz
United US Equity Growth Pool Mammen Chally, Wellington Management
CI First Asset Morningstar Canada Momentum Index ETF (TSX: WXM) Lijon Geeverghese
CI First Asset Gold+ Giants Covered Call ETF (TSX: CGXF) George Lagoudakis

 

The awards were announced today by Fundata Canada at a virtual awards presentation. For more information on the FundGrade A+® Awards, please visit the website.

About CI Global Asset Management

 

CI Global Asset Management 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 Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an independent company offering global asset management and wealth management advisory services with approximately $231 billion in total assets as of December 31, 2020.

 

For further information:

 

Danielle Klassen
Senior Manager, Corporate Communications
CI Global Asset Management
437-788-9554
[email protected]

 

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund and exchange-traded fund (ETF) investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compound total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.

 

CI Global Asset Management is a registered business name of CI Investments Inc. Wellington Management is the portfolio sub-advisor to certain United Pool funds offered and managed by CI Global Asset Management through Assante Wealth Management.

 

©CI Investments Inc. 2021.  All rights reserved.

 

List of Winning funds

 

Fund Name CIFSC Category1 FundGrade Start date2 Fund Count3
Cambridge Bond Fund Canadian Fixed Income 1/31/2016 315
Signature Floating Rate Income Fund Floating Rate Loan 1/31/2018 64
Sentry U.S. Monthly Income Fund Global Equity Balanced 1/31/2014 751
Sentry Global Investment Grade Private Pool Class Global Fixed Income 1/31/2017 278
Sentry Defensive Income Portfolio Global Fixed Income Balanced 1/31/2018 436
United US Equity Growth Pool U.S. Equity 1/31/2011 888
CI First Asset Morningstar Canada Moment Index ETF (TSX: WXM) Canadian Equity 1/31/2013 418
CI First Asset Gold+ Giants Covered Call ETF (TSX: CGXF) Natural Resources Equity 1/31/2012 86

Canadian Investment Funds Standards Committee (CIFSC).
As used by Fundata to calculate relevant time period. The end date for the FundGrade calculation is December 31, 2020.
Number of peers in Category.

 

FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.

 

Performance for Cambridge Bond Fund Class A for the period ended December 31, 2020 is as follows: 1 year, 8.53%; 3 years, N/A; and since inception, 8.26% (2018-11-16).

 

Performance for Sentry Defensive Income Portfolio Series A for the period ended December 31, 2020 is as follows: 1 year, 6.33%; 3 years, 4.87%; and since inception, 3.73% (2017-06-26).

 

Performance for Sentry Global Investment Grade Private Pool Class A for the period ended December 31, 2020 is as follows: 1 year, 11.12%; 3 years, 6.32%; and since inception, 4.83% (2016-07-04).

 

Performance for Sentry U.S. Monthly Income Fund Series A for the period ended December 31, 2020 is as follows: 1 year, 4.67%; 3 years, 7.56%; 5 year, 6.59%; and since inception, 10.30% (2013-03-04).

 

Performance for Signature Floating Rate Income Fund A for the period ended December 31, 2020 is as follows: 1 year, 1.50%; 3 years, 2.99%; and since inception, 2.65% (2017-06-01).

 

Performance for United US Equity Growth Pool Class A for the period ended December 31, 2020 is as follows: 1 year, 29.88%; 3 year, 19.82%; 5 year, 16.04%; 10 year, 16.36%; and since inception, 10.36% (2006-12-28).

 

Performance for CI First Asset Morningstar Canada Moment Index ETF for the period ended December 31, 2020 is as follows: 1 year, 4.57%; 3 years, 9.36%; 5 year, 9.47%; and since inception, 10.02% (2012-02-15).

 

Performance for CI First Asset Gold+ Giants Covered Call ETF for the period ended December 31, 2020 is as follows: 1 year, 15.07%; 3 years, 4.05%; 5 years, 9.66%; and since inception, -1.38% (2011-06-03).

 

Source: Morningstar Research Inc., as at December 31, 2020.