CI Global Asset Management Launches Gold Bullion Mutual Fund, Announces Changes to Several ETFs

TORONTO — CI Global Asset Management (“CI GAM”) today launched CI Gold Bullion Fund, providing expanded access to an award-winning mandate that invests in physical gold. CI GAM also announced a name change and risk rating changes within its ETF lineup.

CI Gold Bullion Fund

CI Gold Bullion Fund (the “Fund”) is designed to provide investors with a cost-effective and convenient way to invest in gold and seeks to achieve this by investing all or substantially all of its assets in the ETF US$ Series of CI Gold Bullion ETF (TSX: VALT.U) (the “Underlying ETF”).

The Underlying ETF holds substantially all of its assets in investment-grade gold bullion, which is securely stored in its custodian’s treasury vaults in London, England.

“CI Gold Bullion Fund allows investors to gain exposure to physical gold with the simplicity and liquidity of a mutual fund structure, and to easily incorporate this commodity exposure into their investment portfolio,” said Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM. “The new fund also reflects CI GAM’s commitment to providing investors with expanded choice and flexibility by offering key mandates in both mutual fund and ETF structures.”

An investment in gold bullion can provide diversification benefits as well as the potential for growth and inflation protection.

The Fund is being offered in mutual fund Series A, AH, F, FH, I, IH, P and PH units, and has a risk rating of Medium. The Fund’s management fee is 1.105% for Series A and AH and 0.105% for Series F, FH, P and PH. Series A, AH, F, FH, P and PH also charge an administration fee of 0.05%.

The Underlying ETF’s management fee of 0.155% is the lowest of any gold bullion fund in Canada. It has also been recognized for its outstanding performance, being named a 2025 LSEG Lipper Fund Award winner as the best ETF in the commodity category over three years.

Name change

CI Global Alpha Innovation ETF will be renamed CI Global Alpha Innovators ETF, effective on or about April 30, 2026. The ETF is offered as ETF C$ Series Units (TSX: CINV) and ETF US$ Hedged Series Units (CINV.U). The change aligns it with CI Global Alpha Innovators Corporate Class.

Risk Rating changes

The following risk rating changes are effective immediately:

The changes are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds, including ETFs. 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.

The changes to CI Digital Security Index ETF and CI U.S. Enhanced Momentum Index ETF are the result of CI GAM’s ongoing internal reviews and are not the result of any changes to the investment objectives, strategies or management of the applicable CI ETFs. The change to CI Global Alpha Innovation ETF is the result of a determination that its reference index/fund should be changed to CI Global Alpha Innovators Corporate Class, which is a better fit for the ETF’s standard deviation and overall risk profile.

The risk rating for CI U.S. Enhanced Momentum Index ETF (Unhedged Common Units) (TSX: CMOM.B) has not changed and remains at Medium.

About CI Global Asset Management

CI Global Asset Management (“CI GAM”) is one of Canada’s leading investment management firms, providing a comprehensive suite of solutions – including mutual funds, exchange-traded funds and alternative investments – to help Canadians achieve their financial goals. Founded in 1965, CI GAM has built an enduring legacy of innovation, disciplined portfolio management and commitment to investor success. Our investment team brings deep expertise in fundamental research, portfolio construction and risk management to deliver results across a broad range of asset classes. We partner with financial advisors, wealth management firms and institutions to serve more than 1.3 million investors. CI GAM is a subsidiary of Toronto-based CI Financial Corp., a diversified global asset and wealth management company. For more information, visit www.ci.com or follow us on LinkedIn.

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. 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. Returns of the Index do not represent the ETF’s returns.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. 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. These investments may not be suitable to the circumstances of an investor.

CI Gold Bullion ETF (ETF US$ Series) (TSX: VALT.U) was awarded the 2025 LSEG Lipper Fund Award in the Commodity ETF category for 3 years ending July 31, 2025, out of a classification total of 10 ETFs. Performance for the ETF for the period ended March 31, 2026: 47.7% (1 year), 32.3% (3 years), 22.0% (5 years) and 17.9% (Since inception; 2021-01-06).

About the Lipper Awards Methodology

The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed by LSEG Lipper.

The CI Exchange-Traded Funds are managed by CI Global Asset Management, a wholly owned subsidiary of CI Financial Corp.

CI Global Asset Management is a registered business name of CI Investments Inc.

©CI Investments Inc. 2026. All rights reserved.

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Contacts

Murray Oxby
Vice-President, Corporate Communications
CI Global Asset Management
416-681-3254
[email protected]

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