As of August 9, 2019, Skylon Growth & Income Trust has been acquired by CI First Asset Global Asset Allocation ETF. Skylon Growth & Income Trust is a closed-ended balanced mutual fund of funds launched and managed by CI Investments Inc. The fund invests in the public equity and fixed income markets of Canada and the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in units of other income trusts, high-yield debt securities, dividend paying stocks of companies, other common shares, and cash and installment receipts. It employs fundamental analysis with a top-down stock picking approach, with a focus on such factors as economic conditions, business factors, commodity prices, interest rates, liquidity, stability, and credit ratings to create its portfolio. The fund benchmarks the performance of its portfolio against a composite benchmark comprised of 40% S&P/TSX Income Trust Total Return Index, 30% Merrill Lynch U.S. High Yield Master II Total Return Index, and 30% S&P/TSX Composite Total Return Index. Skylon Growth & Income Trust was formed on January 30, 2004 and is domiciled in Canada.