fund or symbol Français Contact (877) 642-1289 SOLUTIONS NEWS & UPDATES INFORMATION CENTRE ABOUT US CI.COM Strategies That Make Sense: CI Global Asset Management Covered Call Strategies Making investment decisions on behalf of your clients in an extremely volatile market can be a challenging and nerve-racking process. However, the very nature of these markets creates unique opportunities, one of them being covered call strategies. Market volatility has increased option premiums to levels rarely seen. This income generation opportunity provides protection that can lower your clients’ downside risk, reduce volatility, and provide attractive high yields in a very low interest rate environment. CI Global Asset Management Covered Call strategies generally consist of an equally weighted portfolio of companies targeting a sector or segment of the market while writing monthly at-the-money call options on 25% of the portfolio. As you can see below, the income currently being generated from the written call options and the portfolio’s dividends is substantial. Also, the vast majority of the portfolio is uncovered, allowing one to capitalize on the appreciation of the underlying securities in the portfolio. Portfolio Income : Covered Call ETFs ETF Ticker(s) Option Yield1 Dividend Yield2 Total Yield CI Gold+ Giants Covered Call ETF CGXF 6.41% 3.05% 9.46% CI Tech Giants Covered Call ETF TXF / TXF.B 5.70% 1.04% 6.74% CI U.S. & Canada Lifeco Income ETF FLI 3.66% 3.48% 7.14% CI Energy Giants Covered Call ETF NXF / NXF.B 7.08% 3.59% 10.67% CI Canadian Banks Income Class ETF CIC 1.94% 3.71% 5.65% CI Health Care Giants Covered Call ETF FHI / FHI.B 4.11% 2.09% 6.20% Source: CI Investments Inc., as at September 30, 2021. 1Gross Option Premiums represent those received on September 17, 2021 2The Current Dividend Yield represents the gross yield on the ETF's underlying portfolio of securities. It is not the yield, or the distribution investors will receive by virtue of an investment in the ETF. In an environment where yields are low and volatility levels are high, CI Global Asset Management Covered Call strategies provide a compelling solution to these challenges. For more information, please contact your dedicated ETF specialist. 2021 CI ETFs | CI Global Asset Management • All rights reserved. ETF Continuous Distribution Information Terms of Use Legal Notices Accessibility Privacy Contact us Français Email : service@ci.com Phone : 416-642-1289 / (877) 642-1289 Address : 2 Queen Street East, 20th Floor Toronto, Ontario M5C 3G7 CI Exchange-Traded Funds (ETFs) are managed by CI Global Asset Management a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX). CI Global Asset Management is a registered business name of CI Investments Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund and exchange-traded fund (ETF) investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compound 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 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 and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. 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.