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About CI U S & CANADA LIFECO COVERED CALL HEDGED COMMON UNITS
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Inception date
Aug 22, 2013
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
CI Investments, Inc.
The fund is one of the few ETFs that provide a pure exposure to the insurance industry. It aims for quarterly cash distributions and capital appreciation from an actively managed, concentrated portfolio that comprises at least ten market-cap-selected life insurance companies listed on either the US or Canada. Holdings are typically equal-weighted, however, due to its active approach, weightings may deviate significantly. In an effort to generate additional income and lower the overall volatility, the fund employs a covered call option strategy on approximately 25% of the portfolio. Rebalancing and reconstitution usually occurs on an annual basis, subject to fund adviser’s discretion in line with corporate events. Prior to April, 22, 2021, the fund was named as CI First Asset U.S. & Canada Lifeco Income ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks100.14%
Finance99.80%
Bonds, Cash & Other−0.14%
Cash0.20%
Miscellaneous0.05%
Rights & Warrants−0.39%
Stock breakdown by region
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
FLI top holdings are Unum Group and Manulife Financial Corporation, occupying 12.43% and 10.43% of the portfolio correspondingly.
FLI last dividends amounted to 0.18 CAD. The quarter before, the issuer paid 0.20 CAD in dividends, which shows a 9.37% decrease.
Yes, FLI pays dividends to its holders with the dividend yield of 6.53%. The last dividend (Mar 31, 2025) amounted to 0.18 CAD. The dividends are paid quarterly.
FLI shares are issued by CI Financial Corp. under the brand CI. The ETF was launched on Aug 22, 2013, and its management style is Active.
FLI expense ratio is 1.04% meaning you'd have to pay 1.04% of your investment to help manage the fund.
FLI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FLI invests in stocks.
FLI price has risen by 2.65% over the last month, and its yearly performance shows a 11.07% increase. See more dynamics on FLI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.85% over the last month, showed a −1.39% decrease in three-month performance and has increased by 16.43% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.85% over the last month, showed a −1.39% decrease in three-month performance and has increased by 16.43% in a year.
FLI trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.