Fund Spotlight - CI North American Dividend Fund

Driven by deep fundamental analysis and a proprietary portfolio construction system.

Harbour Advisors believes in the power of process. We use deep fundamental analysis and a disciplined proprietary portfolio construction system developed over the last 10 years, known as our Q.O.R. (Quality Optimized Returns) process across all our mandates, including CI North American Dividend Fund.


Quality - Defining, identifying and understanding quality companies. Optimized - Portfolio construction to balance risk/return, concentration/diversification. Returns - High risk-adjusted returns on a rolling three-year basis.


Our Q.O.R process underscores our fundamental research process which focuses on identifying, and understanding, resilient and high-return business models. To optimize returns we combine the fundamental work with a systematic portfolio construction process that maintains a quality bias, ensures diversification, and always rotates to the highest-return ideas. We utilize concentration to add value which makes the analytical work on individual companies the most critical input.

Quality Score (determined by risk classification buckets) + Risk-Adjusted Return + Portfolio-Specific Constraints (sector, geography, ESG, etc.) = Portfolio Weight

Features and Key Benefits

  • north america icon

    Flexibility to invest anywhere in North America, with 0-100% in either the United States or Canada.

  • piggy bank, arrow growth, portfolio boost icon

    Healthy alternative or complement to the existing income/yield component of a diversified portfolio.

  • active management icon

    True active management using concentration and best ideas to generate alpha.

Compelling category and benchmark outperformance


Source: Morningstar Direct, as at June 30, 2020.




YTD 1 Year 2 Year Since Q.O.R. Process
(11/1/2017)
CI North American Dividend Fund Class F 7th percentile 1st percentile 2nd percentile 2nd percentile
As at June 30, 2020 1 Year 3 Year 5 Year 10 Year
CI North American Dividend Fund Class F 4.1% 5.4% 5.4% 9.3%
Canadian Dividend & Income Equity Category -9.3% -0.3% 2.2% 5.5%
Number of Category Peers 587 513 378 203
North American Equity Category -1.9% 2.2% 3.3% 8.6%
Number of Category Peers 158 80 48 18
*Blended Benchmark -0.1% 5.2% 5.7% 7.9%

*Blended Benchmark: 85% S&P/TSX Composite Total Return Index & 15% S&P 500 Total Return CAD Index.

Additional Information


Speak to an advisor about how CI North American Dividend Fund may be right for your portfolio.


Advisors, please contact your CI Sales Team representative to learn more.


IMPORTANT DISCLAIMERS

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. The indicated rates of return are the historical annual compounded 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 dividends/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 are not guaranteed, their values change frequently and past performance may not be repeated.

This document is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or an offer or a solicitation to buy or sell securities. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Market conditions may change which may impact the information contained in this document. All charts and illustrations in this document are for illustrative purposes only. They are not intended to predict or project investment results. 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.

Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI has taken reasonable steps to ensure their accuracy. Market conditions may change which may impact the information contained in this document.

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 Investments Inc. and the portfolio manager believe to be reasonable assumptions, neither CI Investments Inc. 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.

The comparison presented is intended to illustrate the fund’s historical performance as compared with the historical performance of widely quoted market indices or a weighted blend of widely quoted market indices or another investment fund. There are various important differences that may exist between the fund and the stated indices that may affect the performance of each. The objectives and strategies of the fund result in holdings that do not necessarily reflect the constituents of and their weights within the comparable indices. Indices are unmanaged and their returns do not include any sales charges or fees. It is not possible to invest directly in market indices.

© 2020 Morningstar Research Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Absolute Quartile Rankings are compiled by sorting the funds by returns relative to the mutual funds within the same peer group and range from 1 to 4 for all time periods covered and can change monthly. The top performing 25% of funds in each fund category are assigned a ranking of 1, the next 25% a 2, etc.

Harbour Advisors is a division of CI Investments Inc. Harbour Advisors, CI Investments® and the CI Investments logo and design are registered trademarks of CI Investments Inc. “Trusted Partner in WealthTM” is a trademark of CI Investments Inc.

©CI Investments Inc. 2020. All rights reserved.

Published: August 6, 2020.