The fund seeks to generate income and long-term capital growth by tactically managing a portfolio of equity and fixed income securities of countries and companies around the world. Equities will include both preferred and common shares that are diversified by sector and style. Fixed income securities may consist of high-yielding government and corporate bonds, debentures, loans and notes, and will have maturity depending on adviser’s outlook for interest rates. The fund adviser uses a mix of top-down macro analysis and fundamental analysis for its bottom-up security selections. The adviser also considers whether a security is a good value relative to its current price for its buy-and-sell decision. The fund may also use warrants and derivatives, enter into securities lending and repurchase/reverse repurchase transactions, or hold cash and cash-like securities. Prior to the merger on July 18, 2020, the fund traded as CI First Asset Global Asset Allocation ETF.