Ms. Jennifer Sinopoli reports

CI GLOBAL ASSET MANAGEMENT EXPANDS MUTUAL FUND SUITE WITH MANDATES FOCUSED ON ARTIFICIAL INTELLIGENCE, GLOBAL EQUITIES AND UNDERVALUED U.S. COMPANIES

CI Financial Corp.'s CI Global Asset Management has launched mutual fund series of three CI GAM exchange-traded funds, providing investors with expanded access to these timely investment mandates.

The funds are:

• CI Global Artificial Intelligence ETF;
• CI Global Minimum Downside Volatility Index ETF;
• CI U.S. Enhanced Value Index ETF.

"At CI GAM, we are focused on providing effective and value-added investment solutions regardless of the product structure," said Jennifer Sinopoli, executive vice-president and head of distribution for CI GAM.

"With these new mutual fund series, we are making these in-demand mandates available to a broader set of investors. We now manage 44 mandates in both ETF and mutual funds series, reflecting our commitment to offering one of the industry's most comprehensive and innovative product suites."

Ms. Sinopoli noted that the three funds meet specific investor needs in today's investment environment.

"CI Global Artificial Intelligence Fund, Canada's largest AI-focused fund by assets, provides actively managed exposure to the AI megatrend, which -- despite its substantial impact so far -- is just beginning," she said. "CI Global Minimum Downside Volatility Index Fund and CI U.S. Enhanced Value Index Fund are options for investors seeking equity exposure but are concerned about economic uncertainty and potential stock market volatility.

"All three funds can serve as flexible, lower-cost building blocks for investors' portfolios."

Dual-class structure

To effect today's mutual fund series launches, the three funds have been converted to dual-class funds that now offer both ETF and mutual fund series, including Series A, F, I and P. Additionally, the funds have been renamed, as shown below. The ticker symbols have not changed:

• CI Global Artificial Intelligence ETF has been renamed CI Global Artificial Intelligence Fund.
• CI Global Minimum Downside Volatility Index ETF has been renamed CI Global Minimum Downside Volatility Index Fund.
• CI U.S. Enhanced Value Index ETF has been renamed CI U.S. Enhanced Value Index Fund.

CI Global Artificial Intelligence Fund

The fund's investment objective is to maximize long-term capital appreciation by investing primarily in global equity securities of companies that are actively involved in the research, development and application of artificial intelligence technologies.

The fund is actively managed by CI GAM, leveraging the deep expertise of its research team, including an experienced group of technology sector analysts. This mandate allows the managers to capitalize on emerging opportunities in the AI landscape and build a high-conviction, concentrated portfolio of 40 to 50 companies.

The fund has a Series F management fee of 0.55 per cent and a risk rating of high.

CI Global Minimum Downside Volatility Index Fund

The fund seeks to replicate, to the extent reasonably possible, the performance of a portfolio of companies located in developed markets that exhibits a lower downside volatility than the broader developed equity markets, net of expenses.

The strategy is designed to produce a smoother experience in equity investing while its focus on minimizing downside volatility -- as opposed to total volatility -- allows the fund to benefit more fully from upside price movements when compared with other low-volatility mandates.

The new mutual fund series and the existing ETF Canadian-dollar hedged series units (CGDV) seek to replicate, to the extent reasonably possible, the performance of the Solactive DM Minimum Downside Volatility Hedged to CAD Index NTR, net of expenses, or any successor thereto. The ETF Canadian-dollar unhedged series units (CGDV.B) seek to replicate, to the extent reasonably possible, the performance of the Solactive DM Minimum Downside Volatility CAD Index NTR, net of expenses, or any successor thereto.

The fund has a Series F management fee of 0.30 per cent and a risk rating of low to medium.

CI U.S. Enhanced Value Index Fund

The fund's investment objective is to seek to track, to the extent reasonably possible, the performance of a portfolio of large and mid-cap U.S. equity securities that exhibit high-value characteristics, net of expenses.

This strategy allows investors to target U.S. stocks that are undervalued or trading at a discount to their intrinsic value using a factor-based approach that scores stocks on price-to-book, price-to-earnings and price-to-sales ratios, dividend yield, and free cash flow yield.

The new mutual fund series and the existing ETF Canadian-dollar unhedged series units (CVLU.B) seek to track the VettaFi U.S. Enhanced Value Index or any successor thereto. The ETF Canadian-dollar hedged series units (CVLU) seek to track the VettaFi U.S. Enhanced Value Index (CAD Hedged) or any successor thereto.

The fund has a Series F management fee of 0.25 per cent and a risk rating of medium.

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. CI GAM is a subsidiary of CI Financial, an integrated global asset and wealth management company with approximately $546.1-billion in assets as at March 31, 2025.