TORONTO--(BUSINESS WIRE)--
(“CI GAM”) today announced the renaming of 156 investment funds as part of a strategic initiative to modernize its business and product lineup. CI GAM also announced risk rating changes for four of those mandates, as well as its intention to discontinue deferred, intermediate deferred and low load sales charge purchase options for all CI mutual funds effective June 1, 2022.
“Rebranding our funds reflects the important changes we have made in building CI GAM into an integrated global investment platform with a strong lineup of relevant investment solutions that will help today’s investors meet their financial goals,” said Kurt MacAlpine, Chief Executive Officer of CI Financial Corp., parent company of CI GAM.
The name changes support CI GAM’s integration of its in-house investment boutiques into a single investment team operating under the CI Global Asset Management name. This reorganization has allowed for greater collaboration and sharing of insights and best practices across the organization and increased the depth and breadth of CI GAM’s research coverage. The change was initiated in the fall of 2020 when CI Investments Inc. rebranded to CI Global Asset Management.
Now, with the fund name changes, the legacy boutique brands will be retired and the funds will be aligned under a single brand with national recognition.
“The changes emphasize for investors that our funds benefit from the full breadth and depth of expertise of CI GAM, one of Canada’s largest investment managers and a firm with extensive global capabilities and experience,” Mr. MacAlpine said.
This news follows CI GAM’s of Marc-André Lewis as its first-ever Head of Investment Management. Mr. Lewis, who was previously Head of Portfolio Construction at the Abu Dhabi Investment Authority, one of the world’s largest and most sophisticated institutional investors, will join CI GAM in September. With his diverse background spanning all asset classes, asset allocation, portfolio construction, risk management, and public and private markets, he will lead the continued development of CI GAM’s integrated investment team.
CI GAM has also introduced a series of innovative new products over the last 18 months, including mandates focused on cryptocurrencies, gold bullion, the longevity economy, fixed income, and alternative investments.
“Having a unified investment team and a unified brand simplifies our offering for clients and makes it easier for investors and advisors to do business with us,” Mr. MacAlpine said. “As part of these changes, we are also bringing consistency to our naming conventions and ensuring that our fund names better represent their investment mandates.”
The name changes will be implemented in two phases. Fifty-five funds – primarily Sentry-branded funds – are being renamed as of June 25, 2021 and another 101 funds will be renamed effective July 29, 2021. There are no changes to the investment objectives or portfolio managers of the funds with these changes.
Name changes
The following changes will be effective June 25, 2021:
Current Name
|
New Name |
Private Trusts |
|
Sentry Canadian Core Fixed Income Private Trust |
CI Canadian Core Fixed Income Private Trust |
Sentry Canadian Equity Income Private Trust |
CI Canadian Equity Income Private Trust |
Sentry Energy Private Trust |
CI Energy Private Trust |
Sentry Global Core Fixed Income Private Trust |
CI Global Core Fixed Income Private Trust |
Sentry Global High Yield Fixed Income Private Trust |
CI Global High Yield Fixed Income Private Trust |
Sentry Global Infrastructure Private Trust |
CI Global Infrastructure Private Trust |
Sentry Global Real Estate Private Trust |
CI Global Real Estate Private Trust |
Sentry International Equity Income Private Trust |
CI International Equity Income Private Trust |
Sentry Precious Metals Private Trust |
CI Precious Metals Private Trust |
Sentry U.S. Equity Income Private Trust |
CI U.S. Equity Income Private Trust |
Mutual Funds |
|
Cambridge Global Dividend Class |
CI Global Dividend Opportunities Class |
CI Lawrence Park Alternative Investment Grade Credit Fund |
CI Alternative Investment Grade Credit Fund |
Sentry All Cap Income Class |
CI Canadian All Cap Equity Income Class |
Sentry All Cap Income Fund |
CI Canadian All Cap Equity Income Fund |
Sentry Balanced Income Portfolio |
CI Balanced Income Personal Portfolio |
Sentry Balanced Yield Private Pool Class |
CI Balanced Yield Private Pool Class |
Sentry Canadian Equity Income Private Pool Class |
CI Canadian Equity Income Private Pool Class |
Sentry Canadian Income Class |
CI Canadian Equity Income Class |
Sentry Canadian Income Fund |
CI Canadian Equity Income Fund |
Sentry Conservative Balanced Income Class |
CI Conservative Balanced Income Class |
Sentry Conservative Balanced Income Fund |
CI Conservative Balanced Income Fund |
Sentry Conservative Income Portfolio |
CI Conservative Income Personal Portfolio |
Sentry Defensive Income Portfolio |
CI Defensive Income Personal Portfolio |
Sentry Global Balanced Yield Private Pool Class |
CI Global Balanced Yield Private Pool Class |
Sentry Global Equity Income Private Pool Class |
CI Global Equity Income Private Pool Class |
Sentry Global Investment Grade Private Pool Class |
CI Global Investment Grade Private Pool Class |
Sentry Growth and Income Portfolio |
CI Growth & Income Personal Portfolio |
Sentry Growth Portfolio |
CI Growth Personal Portfolio |
Sentry International Equity Income Private Pool Class |
CI International Equity Income Private Pool Class |
Sentry Precious Metals Class |
CI Precious Metals Class |
Sentry Precious Metals Fund |
CI Precious Metals Fund |
Sentry Resource Opportunities Class |
CI Resource Opportunities Class |
Sentry Small/Mid Cap Income Class |
CI Canadian Small/Mid Cap Equity Income Class |
Sentry Small/Mid Cap Income Fund |
CI Canadian Small/Mid Cap Equity Income Fund |
Sentry U.S. Equity Income Currency Neutral Private Pool Class |
CI U.S. Equity Income Currency Neutral Private Pool Class |
Sentry U.S. Equity Income Private Pool Class |
CI U.S. Equity Income Private Pool Class |
Sentry U.S. Growth and Income Class |
CI U.S. Equity Income Class |
Sentry U.S. Growth and Income Currency Neutral Class |
CI U.S. Equity Income Currency Neutral Class |
Sentry U.S. Growth and Income Fund |
CI U.S. Equity Income Fund |
Sentry U.S. Monthly Income Fund |
CI U.S. Equity & Income Fund |
Signature Corporate Bond Class |
CI Corporate Bond Class |
Signature Global Infrastructure Fund |
CI Global Infrastructure Fund |
Signature Global REIT Class |
CI Global REIT Class |
Signature Global REIT Fund |
CI Global REIT Fund |
Signature High Yield Bond Class |
CI High Yield Bond Class |
Real Income |
|
Sentry Real Growth Pool Class |
CI Real Growth Pool Class |
Sentry Real Long Term Income Pool Class |
CI Real Long Term Income Pool Class |
Sentry Real Long Term Income Trust |
CI Real Long Term Income Trust |
Sentry Real Mid Term Income Pool Class |
CI Real Mid Term Income Pool Class |
Sentry Real Mid Term Income Trust |
CI Real Mid Term Income Trust |
Sentry Real Short Term Income Pool Class |
CI Real Short Term Income Pool Class |
Sentry Real Short Term Income Trust |
CI Real Short Term Income Trust |
Sentry Real Income 1941-45 Class |
CI Real Income 1941-45 Class |
Sentry Real Income 1946-50 Class |
CI Real Income 1946-50 Class |
Sentry Real Income 1951-55 Class |
CI Real Income 1951-55 Class |
The following changes will be effective July 29, 2021:
Current Fund Name |
New Fund Name |
Black Creek Global Balanced Corporate Class |
CI Black Creek Global Balanced Corporate Class |
Black Creek Global Balanced Fund |
CI Black Creek Global Balanced Fund |
Black Creek Global Leaders Corporate Class |
CI Black Creek Global Leaders Corporate Class |
Black Creek Global Leaders Fund |
CI Black Creek Global Leaders Fund |
Black Creek International Equity Corporate Class |
CI Black Creek International Equity Corporate Class |
Black Creek International Equity Fund |
CI Black Creek International Equity Fund |
Cambridge Asset Allocation Corporate Class |
CI Canadian Asset Allocation Corporate Class |
Cambridge Asset Allocation Fund |
CI Canadian Asset Allocation Fund |
Cambridge Bond Fund |
CI Canadian Core Plus Bond Fund |
Cambridge Canadian Dividend Corporate Class |
CI Canadian Dividend Corporate Class |
Cambridge Canadian Dividend Fund |
CI Canadian Dividend Fund |
Cambridge Canadian Equity Corporate Class |
CI Canadian Equity Corporate Class |
Cambridge Canadian Equity Fund |
CI Canadian Equity Fund |
Cambridge Canadian Long-Term Bond Pool |
CI Canadian Long-Term Bond Pool |
Cambridge Canadian Short-Term Bond Pool |
CI Canadian Short-Term Bond Pool |
Cambridge Global Dividend Corporate Class |
CI Global Dividend Opportunities Corporate Class |
Cambridge Global Dividend Fund |
CI Global Dividend Opportunities Fund |
Cambridge Global Equity Corporate Class |
CI Global Equity Corporate Class |
Cambridge Global Equity Fund |
CI Global Equity Fund |
Cambridge Global High Income Fund |
CI Global Equity & Income Fund |
Cambridge Global Smaller Companies Corporate Class |
CI Global Smaller Companies Corporate Class |
Cambridge Global Smaller Companies Fund |
CI Global Smaller Companies Fund |
Cambridge Pure Canadian Equity Corporate Class |
CI Pure Canadian Small/Mid Cap Equity Corporate Class |
Cambridge Pure Canadian Equity Fund |
CI Pure Canadian Small/Mid Cap Equity Fund |
Cambridge Stock Selection Fund |
CI Global Analysts Selection Fund |
Cambridge U.S. Dividend Fund |
CI U.S. Dividend Fund |
Cambridge U.S. Dividend Registered Fund |
CI U.S. Dividend Registered Fund |
Cambridge U.S. Dividend US$ Fund |
CI U.S. Dividend US$ Fund |
CI American Value Corporate Class |
CI U.S. Stock Selection Corporate Class |
CI American Value Fund |
CI U.S. Stock Selection Fund |
CI Canadian Small/Mid Cap Fund |
CI Canadian Small/Mid Cap Managed Fund |
CI U.S. Income US$ Pool |
CI U.S. Income US$ Fund |
Marret Short Duration High Yield Fund |
CI Marret Short Duration High Yield Fund |
Portfolio Series Balanced Fund |
CI Portfolio Series Balanced Fund |
Portfolio Series Balanced Growth Fund |
CI Portfolio Series Balanced Growth Fund |
Portfolio Series Conservative Balanced Fund |
CI Portfolio Series Conservative Balanced Fund |
Portfolio Series Conservative Fund |
CI Portfolio Series Conservative Fund |
Portfolio Series Growth Fund |
CI Portfolio Series Growth Fund |
Portfolio Series Income Fund |
CI Portfolio Series Income Fund |
Portfolio Series Maximum Growth Fund |
CI Portfolio Series Maximum Growth Fund |
Select 100e Managed Portfolio Corporate Class |
CI Select 100e Managed Portfolio Corporate Class |
Select 20i80e Managed Portfolio Corporate Class |
CI Select 20i80e Managed Portfolio Corporate Class |
Select 30i70e Managed Portfolio Corporate Class |
CI Select 30i70e Managed Portfolio Corporate Class |
Select 40i60e Managed Portfolio Corporate Class |
CI Select 40i60e Managed Portfolio Corporate Class |
Select 50i50e Managed Portfolio Corporate Class |
CI Select 50i50e Managed Portfolio Corporate Class |
Select 60i40e Managed Portfolio Corporate Class |
CI Select 60i40e Managed Portfolio Corporate Class |
Select 70i30e Managed Portfolio Corporate Class |
CI Select 70i30e Managed Portfolio Corporate Class |
Select 80i20e Managed Portfolio Corporate Class |
CI Select 80i20e Managed Portfolio Corporate Class |
Select Canadian Equity Managed Corporate Class |
CI Select Canadian Equity Managed Corporate Class |
Select Canadian Equity Managed Fund |
CI Select Canadian Equity Managed Fund |
Select Income Managed Corporate Class |
CI Select Income Managed Corporate Class |
Select International Equity Managed Corporate Class |
CI Select International Equity Managed Corporate Class |
Select International Equity Managed Fund |
CI Select International Equity Managed Fund |
Select Staging Fund |
CI Select Staging Fund |
Select U.S. Equity Managed Corporate Class |
CI Select U.S. Equity Managed Corporate Class |
Select U.S. Equity Managed Fund |
CI Select U.S. Equity Managed Fund |
Sentry U.S. Growth and Income Corporate Class |
CI U.S. Equity Income Corporate Class |
Signature Asian Opportunities Corporate Class |
CI Asian Opportunities Corporate Class |
Signature Asian Opportunities Fund |
CI Asian Opportunities Fund |
Signature Canadian Balanced Corporate Class |
CI Canadian Balanced Corporate Class |
Signature Canadian Balanced Fund |
CI Canadian Balanced Fund |
Signature Canadian Bond Corporate Class |
CI Canadian Bond Corporate Class |
Signature Canadian Bond Fund |
CI Canadian Bond Fund |
Signature Core Bond Plus Fund |
CI Global Core Plus Bond Fund |
Signature Corporate Bond Corporate Class |
CI Corporate Bond Corporate Class |
Signature Corporate Bond Fund |
CI Corporate Bond Fund |
Signature Diversified Yield Corporate Class |
CI Diversified Yield Corporate Class |
Signature Diversified Yield Fund |
CI Diversified Yield Fund |
Signature Dividend Corporate Class |
CI Dividend Income & Growth Corporate Class |
Signature Dividend Fund |
CI Dividend Income & Growth Fund |
Signature Emerging Markets Corporate Class |
CI Emerging Markets Corporate Class |
Signature Emerging Markets Fund |
CI Emerging Markets Fund |
Signature Floating Rate Income Fund |
CI Floating Rate Income Fund |
Signature Global Bond Corporate Class |
CI Global Bond Corporate Class |
Signature Global Bond Fund |
CI Global Bond Fund |
Signature Global Dividend Corporate Class |
CI Global Dividend Corporate Class |
Signature Global Dividend Fund |
CI Global Dividend Fund |
Signature Global Energy Corporate Class |
CI Global Energy Corporate Class |
Signature Global Equity Corporate Class |
CI Select Global Equity Corporate Class |
Signature Global Equity Fund |
CI Select Global Equity Fund |
Signature Global Income & Growth Corporate Class |
CI Global Income & Growth Corporate Class |
Signature Global Income & Growth Fund |
CI Global Income & Growth Fund |
Signature Global Resource Corporate Class |
CI Global Resource Corporate Class |
Signature Global Resource Fund |
CI Global Resource Fund |
Signature Global Technology Corporate Class |
CI Global Alpha Innovators Corporate Class |
Signature Gold Corporate Class |
CI Gold Corporate Class |
Signature High Income Corporate Class |
CI High Income Corporate Class |
Signature High Income Fund |
CI High Income Fund |
Signature High Yield Bond Corporate Class |
CI High Yield Bond Corporate Class |
Signature High Yield Bond Fund |
CI High Yield Bond Fund |
Signature Income & Growth Corporate Class |
CI Canadian Income & Growth Corporate Class |
Signature Income & Growth Fund |
CI Canadian Income & Growth Fund |
Signature Preferred Share Fund |
CI Preferred Share Fund |
Signature Select Canadian Corporate Class |
CI Select Canadian Equity Corporate Class |
Signature Select Canadian Fund |
CI Select Canadian Equity Fund |
Signature Short-Term Bond Fund |
CI Short-Term Bond Fund |
Signature Systematic Yield Pool |
CI Systematic Yield Pool |
Synergy American Corporate Class |
CI Synergy American Corporate Class |
Synergy American Fund |
CI Synergy American Fund |
Synergy Canadian Corporate Class |
CI Synergy Canadian Corporate Class |
Synergy Global Corporate Class |
CI Synergy Global Corporate Class |
Risk rating changes
The following risk rating changes are effective immediately and are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds. CI GAM reviews the risk rating for each of the funds it manages at least on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review and are not the result of any changes to the investment objectives, strategies or management of the funds.
Fund Name (as of June 25, 2021) |
New Rating |
Previous Rating |
CI Conservative Balanced Income Class |
Low-to-Medium |
Low |
CI Conservative Balanced Income Fund |
Low-to-Medium |
Low |
CI Global Infrastructure Private Trust |
Low-to-Medium |
Medium |
CI Canadian All Cap Equity Income Class |
Medium |
Low-to-Medium |
Changes to sales charge purchase options
CI GAM intends to discontinue its deferred sales charge, intermediate deferred sales charge and low load sales charge purchase options for all CI mutual funds effective June 1, 2022. Investors who purchased units under these sales charge options will continue to be subject to the redemption fee schedules under which they were purchased. Switches between funds of then-existing units acquired under these options will continue to be available after the effective date.
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 . CI GAM is a subsidiary of (TSX: CIX, NYSE: CIXX), an independent company offering global asset management and wealth management advisory services with approximately $288.3 billion in total assets as at May 31, 2021.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments, including investments in ETFs. 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. Please read the prospectus before investing. 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 construed as an endorsement or recommendation of any entity or security discussed. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. 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 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 Global Asset Management believes to be reasonable assumptions, CI Global Asset Management cannot 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.
CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2021. All rights reserved.
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