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About CI Global Minimum Downside Volatility Index Fund
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Inception date
Jan 19, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
CI Investments, Inc.
ISIN
CA12569N1078
The fund tracks an index of stocks of various capitalization that exhibit lower downside volatility over the broader equity market. Through an optimizer, the passively managed fund seeks to hold a portfolio with a target number of stocks from developed markets, as well as avoiding excessive sector concentration and index turnover. The underlying index minimizes downside volatility by selecting and weighting stocks through an optimized approach and the covariance matrix. The optimizer takes into consideration constraints for securities, sectors, and returns. The index is rebalanced semi-annually every January and July.
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
Communications
Industrial Services
Finance
Electronic Technology
Stocks100.25%
Communications15.87%
Industrial Services14.08%
Finance11.62%
Electronic Technology10.06%
Consumer Non-Durables9.97%
Retail Trade9.17%
Health Technology8.41%
Consumer Services6.24%
Technology Services6.17%
Utilities3.08%
Transportation1.08%
Process Industries0.71%
Producer Manufacturing0.63%
Consumer Durables0.51%
Commercial Services0.45%
Distribution Services0.36%
Non-Energy Minerals0.26%
Energy Minerals0.26%
Health Services0.12%
Bonds, Cash & Other−0.25%
Cash0.94%
Miscellaneous−1.20%
Stock breakdown by region
North America68.50%
Europe17.52%
Asia12.26%
Middle East1.20%
Oceania0.52%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CGDV invests in stocks. The fund's major sectors are Communications, with 16.06% stocks, and Industrial Services, with 14.25% of the basket. The assets are mostly located in the North America region.
CGDV top holdings are Berkshire Hathaway Inc. Class B and Republic Services, Inc., occupying 5.43% and 5.36% of the portfolio correspondingly.
CGDV last dividends amounted to 0.22 CAD. The quarter before, the issuer paid 0.05 CAD in dividends, which shows a 75.77% increase.
CGDV assets under management is 28.73 M CAD. It's risen 1.75% over the last month.
CGDV fund flows account for −4.53 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, CGDV pays dividends to its holders with the dividend yield of 2.37%. The last dividend (Jun 30, 2025) amounted to 0.22 CAD. The dividends are paid quarterly.
CGDV shares are issued by CI Financial Corp. under the brand CI. The ETF was launched on Jan 19, 2023, and its management style is Passive.
CGDV expense ratio is 0.43% meaning you'd have to pay 0.43% of your investment to help manage the fund.
CGDV follows the Solactive DM Minimum Downside Volatility Index - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CGDV invests in stocks.
CGDV price has risen by 1.83% over the last month, and its yearly performance shows a 5.87% increase. See more dynamics on CGDV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.89% over the last month, showed a 3.58% increase in three-month performance and has increased by 8.29% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.89% over the last month, showed a 3.58% increase in three-month performance and has increased by 8.29% in a year.
CGDV trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.