CI Energy Giants Covered Call ETF (CAD Hedged)

Fund Overview

The Fund's investment objective is to provide Unitholders, through an actively managed portfolio, as described below, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of equity securities of at least the 15 largest energy companies measured by market capitalization listed on a North American stock exchange, and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly. The issuers included in the portfolio, which are based on their market capitalization, may be adjusted based on the Portfolio Manager's view on the liquidity of the issuers' equity securities and their related call options.

Performance

 1m3m6mYTD1y2y3y4y5ySI
NXF 9.58%0.58%12.65%33.50%61.05%-4.59%-10.09%-2.63%-1.96%-2.58%
As at: 30 Sep 2021

 

Historical NAVs

Sector Breakdown

As at August 31, 2021

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns.


Key Facts

Fund Characteristics

Gross Option Premium*6.05%
Current Dividend Yield13.73%
Price/Earnings Ratio19.70
Price/Book Ratio1.45
As at 31 Aug, 2021
* Gross Option Premiums represent those received on 20 Aug, 2021
1 The 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.

Fund Statistics

P/S Ratio (TTM) (Long)1.21
P/C Ratio (TTM) (Long)5.37
ROA % (TTM) (Long)1.25
ROE % (TTM) (Long)0.59
As at 31 Aug, 2021

Number of securities: 30

Asset Allocation

Security Type%
Foreign Stock85.82%
Common Stock12.83%
Currency Security1.35%

Holdings

NameSecurity TypeISINTicker %
HESS CORP Foreign StockUS42809H1077 HES US 6.80
CONOCOPHILLIPS Foreign StockUS20825C1045 COP US 6.74
CANADIAN NATURAL RESOURCES LTD Common StockCA1363851017 CNQ CN 6.62
SUNCOR ENERGY INC Common StockCA8672241079 SU CN 6.61
EOG RESOURCES INC Foreign StockUS26875P1012 EOG US 6.60
PIONEER NATURAL RESOURCES CO Foreign StockUS7237871071 PXD US 6.58
ROYAL DUTCH SHELL PLC Foreign StockUS7802592060 RDS/A US 6.43
OCCIDENTAL PETROLEUM CORP Foreign StockUS6745991058 OXY US 6.38
EQUINOR ASA Foreign StockUS29446M1027 EQNR US 6.34
BP PLC Foreign StockUS0556221044 BP US 6.33
ECOPETROL SA Foreign StockUS2791581091 EC US 6.19
TOTALENERGIES SE Foreign StockUS89151E1091 TTE US 6.17
CHEVRON CORP Foreign StockUS1667641005 CVX US 6.06
EXXON MOBIL CORP Foreign StockUS30231G1022 XOM US 6.02
PETROLEO BRASILEIRO SA Foreign StockUS71654V4086 PBR US 6.01
ENI SPA Foreign StockUS26874R1086 E US 5.85
EOG US CALL 74 10/15/21 EOG RESOURCES INC (16/10/2021) Option 0.00
XOM US CALL 57.5 10/15/21 EXXON MOBIL (16/10/2021) Option 0.00
EQNR US CALL 25 10/15/21 EQUINOR ASA (16/10/2021) Option 0.00
PBR US CALL 10 10/15/21 PETROLEO BRASILEIRO SA (16/10/2021) Option 0.00
CVX US CALL 97.5 10/15/21 CHEVRON CORP (16/10/2021) Option 0.00
TTE US CALL 45 10/15/21 TOTALENERGY SE (16/10/2021) Option 0.00
BP US CALL 26 10/15/21 BP PLC (16/10/2021) Option 0.00
RDSA US CALL 42.5 10/15/21 ROYAL DUTCH SHELL PLC (16/10/2021) Option 0.00
OXY US CALL 27 10/15/21 OCCIDENTAL PETROLEUM (16/10/2021) Option 0.00
SU CN CALL 24.5 10/15/21 SUNCOR ENERGY INC (16/10/2021) Option 0.00
PXD US CALL 160 10/15/21 PIONEER NAT RES CO (16/10/2021) Option 0.00
CNQ CN CALL 43 10/15/21 CANADIAN NAT RES LTD (16/10/2021) Option 0.00
COP US CALL 60 10/15/21 CONOCOPHILLIPS (16/10/2021) Option 0.00
HES US CALL 72.5 10/15/21 HESS CORP (16/10/2021) Option 0.00
US DOLLAR Currency Security 1.39

As at: 14 October 2021
Holdings are subject to change

103.12%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 7.76% (as at 14 Oct 2021)

NXFTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.71670$3.71670----$0.71491$1.76399$1.03945$0.13525
2021 +$0.33360$0.33360--------
23-Sep$0.10420$0.10420--------
24-Jun$0.10010$0.10010--------
25-Mar$0.12930$0.12930--------
2020 +$0.42780$0.42780-----$0.36105$0.07852$0.01177
23-Dec$0.05900$0.05900-----$0.04979$0.01083$0.00162
24-Sep$0.11300$0.11300-----$0.09537$0.02074$0.00311
24-Jun$0.15660$0.15660-----$0.13217$0.02874$0.00431
25-Mar$0.09920$0.09920-----$0.08372$0.01821$0.00273
2019 +$0.52020$0.52020----$0.16655$0.13652$0.25544$0.03832
23-Dec$0.11470$0.11470----$0.03672$0.03010$0.05632$0.00845
24-Sep$0.10690$0.10690----$0.03423$0.02806$0.05249$0.00787
24-Jun$0.14740$0.14740----$0.04719$0.03868$0.07238$0.01086
25-Mar$0.15120$0.15120----$0.04841$0.03968$0.07425$0.01114
2018 +$0.63120$0.63120----$0.12171$0.35036$0.18722$0.02808
21-Dec$0.19250$0.19250----$0.03712$0.10685$0.05710$0.00856
24-Sep$0.16290$0.16290----$0.03141$0.09042$0.04832$0.00725
25-Jun$0.15290$0.15290----$0.02948$0.08487$0.04535$0.00680
23-Mar$0.12290$0.12290----$0.02370$0.06822$0.03645$0.00547
2017 +$0.52220$0.52220----$0.31257$0.04249$0.18960$0.02246
28-Dec$0.11000$0.11000----$0.06584$0.00895$0.03994$0.00473
28-Sep$0.13000$0.13000----$0.07781$0.01058$0.04720$0.00559
29-Jun$0.14110$0.14110----$0.08446$0.01148$0.05123$0.00607
30-Mar$0.14110$0.14110----$0.08446$0.01148$0.05123$0.00607
2016 +$0.68780$0.68780----$0.11408$0.45117$0.13803$0.01548
29-Dec$0.16000$0.16000----$0.02654$0.10495$0.03211$0.00360
29-Sep$0.14850$0.14850----$0.02463$0.09741$0.02980$0.00334
29-Jun$0.18740$0.18740----$0.03108$0.12293$0.03761$0.00422
30-Mar$0.19190$0.19190----$0.03183$0.12588$0.03851$0.00432
2015 +$0.59390$0.59390-----$0.42240$0.19064$0.01914
30-Dec$0.19240$0.19240-----$0.13684$0.06176$0.00620
29-Sep$0.18130$0.18130-----$0.12895$0.05819$0.00584
29-Jun$0.16750$0.16750-----$0.11913$0.05377$0.00540
30-Mar$0.05270$0.05270-----$0.03748$0.01692$0.00170

(1) Future distribution dates may be amended at any time. (2) Reinvested distributions are not paid in cash but instead remain invested in the Fund. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. (3) The characterization of distributions for tax purposes (such as dividends/other income/capital gains etc.) will not be known for certain until after the Fund's tax year end. Therefore investors will be informed of the characterization of the amounts distributed for tax purposes only for the entire year and not with each distribution. For tax purposes these amounts will be reported by brokers on official tax statements.

News

23 Oct 2015 CI Financial scoops up ETF provider First Asset Capital The Globe and Mail | Clare O'Hara
21 Jul 2015 Stripping away preconceived notions of fixed income Financial Post | John Pagliacci
10 Feb 2015 First Asset launches two ETFs Investment Executive | Tessie Sanci

Documents

22 Apr, 2021 - ETF Facts

National Instrument 81-106 Investment Fund Continuous Disclosure requires disclosure of the proxy voting record on an annual basis for the period ending on June 30 of each year. The proxy voting record must be posted on the website no later than August 31 of each year.

Canadian securities law provides that the manager of an investment funds (in this case, CI Investments Inc. ("CI")), acting on behalf of the investment fund, has the right and obligation to vote proxies relating to the investment fund's portfolio securities. As a practical matter, CI delegates this function to the applicable portfolio manager or sub-adviser, as part of the portfolio manager's or sub-adviser's general management of the investment fund assets, subject to oversight by CI. CI generally requires that applicable portfolio managers or sub-advisers vote all proxies in the best interest of CI's funds and their securityholders, as determined solely by the portfolio manager or sub-adviser, and subject to CI's proxy voting policy, the guidelines applicable to the individual portfolio manager or sub-adviser, and applicable legislation. Portfolio managers and sub-advisers are generally expected to vote on any matter for which the investment fund receives proxy materials for a meeting of securityholders of an issuer.

Proxy voting record for the most recent year:

30 Jun, 2020 - Proxy Voting Record

Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on them

To access the SEDAR filings of CI Energy Giants Covered Call ETF (CAD Hedged) please click here