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CI Global Asset Management
About 1.6% recurring income; over the last 3 years capital was roughly flat (4%/yr).
Payout over time
Fund health
The latest T3 filing breaks the taxable distribution into Canadian dividends, foreign income, interest, realized capital gains, and return of capital, each taxed differently.
About 54% of the latest taxable distribution is bond interest plus foreign income, taxed at ordinary-income rates. Eligible Canadian dividends get the dividend tax credit, and only half of capital gains are taxable.
That ordinary-income share is one source of tax drag in a non-registered account. The after-tax breakdown below models the combined effect by account type, alongside return of capital, foreign tax, and province.
Return and coverage
3-year annualized, on a shared scale: bars left of the line are negative. Capital appreciation is the fund's own unit-price change; income return is the contribution from distributions being reinvested. The two combine (multiplicatively) to the total return.
Dividend growth
The fund's recurring dividend income per unit, year by year, stripped of return of capital and capital gains. This tracks whether the actual dividend stream is rising, which the headline yield can't show on its own, since a yield can be held up by return of capital or one-off capital gains.
How it's taxed
The CRA taxes each distribution dollar by its character. These shares are measured against the full taxable distribution, including any portion the fund reinvested as units rather than paying in cash.
| Character | % of taxable | $ / unit |
|---|---|---|
| Eligible dividends | 4% | $0.0340 |
| Interest / other income | 37% | $0.3519 |
| Foreign income | 17% | $0.1568 |
| Capital gains | 42% |
Recent dividend activity in holdings
What Premium adds
Next steps
Prices as of 2026-07-27. Distributions as of 2026-07-28. Tax character year 2025.
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Coverage 2.4×: The fund paid a 2.9% distribution rate against a 6.9% a year total return; the total return was at least the current distribution rate over this window.
| $0.3960 |
| Return of capital | 1% | $0.0062 |
Foreign withholding tax already taken inside the fund: $0.0118 per unit. In a non-registered account, foreign tax reported on the T3 may be claimable as a foreign tax credit, subject to T2209 limits. TFSA and RRSP accounts do not claim that T3 credit.
Based on CI Global Asset Management's 2025 T3 / tax-factor filing. Character can vary year to year. This is not tax advice; consult a tax professional about your situation.
Character mix by year
What you keep, in your account
Each figure below starts from the headline yield of 2.9% and shows an estimate of what you keep after tax. Where you hold the fund changes the answer: a TFSA shelters Canadian tax and can still lose foreign withholding tax when the fund has foreign withholding, a non-registered account taxes each character at its own rate, and an RRSP defers tax until you withdraw.
These figures are estimates at the top ON marginal tax rate, not your personal rate.
Illustrative, not tax advice.