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About CI Global Artificial Intelligence Fund
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Inception date
May 2, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
CI Investments, Inc.
ISIN
CA12571A1012
The fund actively invests in companies that are leading artificial intelligence innovation. These firms are identified as engaged in the research, development, and application of AI technologies such as machine and deep learning, natural language processing, computer vision, robotics and automation, recommendation engines, and hardware and infrastructure. The fund primarily, but not exclusively, selects those in the developed markets and information technology sector. It may still have exposure to emerging market securities and other sectors. In determining eligible securities, a proprietary investment process incorporating top-down thematic views and bottom-up fundamental research is utilized. The adviser also evaluates additional factors including technological innovation, competitive positioning, management quality, and financial strength. The final portfolio consists of approximately 40 to 50 companies, all with sustainable competitive advantages and strong growth prospects.
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
Technology Services
Electronic Technology
Stocks98.29%
Technology Services52.49%
Electronic Technology35.26%
Retail Trade8.01%
Consumer Durables1.61%
Producer Manufacturing0.50%
Utilities0.42%
Bonds, Cash & Other1.71%
Cash1.71%
Stock breakdown by region
North America91.55%
Asia5.21%
Middle East2.74%
Europe0.51%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CIAI invests in stocks. The fund's major sectors are Technology Services, with 52.49% stocks, and Electronic Technology, with 35.26% of the basket. The assets are mostly located in the North America region.
CIAI top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 12.06% and 8.92% of the portfolio correspondingly.
CIAI assets under management is 921.85 M CAD. It's risen 5.13% over the last month.
CIAI fund flows account for 75.74 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.
No, CIAI doesn't pay dividends to its holders.
CIAI shares are issued by CI Financial Corp. under the brand CI. The ETF was launched on May 2, 2024, and its management style is Active.
CIAI expense ratio is 0.41% meaning you'd have to pay 0.41% of your investment to help manage the fund.
CIAI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CIAI invests in stocks.
CIAI price has risen by 3.74% over the last month, and its yearly performance shows a 46.20% increase. See more dynamics on CIAI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.68% over the last month, showed a 17.72% increase in three-month performance and has increased by 14.04% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.68% over the last month, showed a 17.72% increase in three-month performance and has increased by 14.04% in a year.
CIAI trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.