CI Energy Giants Covered Call ETF (Unhedged)

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.B -2.56%12.91%40.23%14.31%11.58%-17.05%-12.38%-6.32%-2.45%-3.57%
Benchmark-1.75%14.41%50.97%18.04%15.66%-13.79%-10.01%-5.45%-2.11%-3.62%
As at: 30 Apr 2021 - Benchmark: MSCI World/Energy NR Index

 

Historical NAVs

Sector Breakdown

As at March 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.


The MSCI World Energy Index is designed to capture the large and mid cap segments across 23 Developed Markets countries. All securities in the index are classified in the Energy sector as per the Global Industry Classification Standard (GICS®). This Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of the Developed Markets Energy sector.

Key Facts

Fund Characteristics

Gross Option Premium*8.62%
Current Dividend Yield15.07%
Price/Book Ratio1.13
As at 31 Mar, 2021
* Gross Option Premiums represent those received on 19 Mar, 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)0.74
P/C Ratio (TTM) (Long)4.94
ROA % (TTM) (Long)-3.50
ROE % (TTM) (Long)-6.82
As at 31 Mar, 2021

Number of securities: 27

Asset Allocation

Security Type%
Foreign Stock85.58%
Common Stock14.42%

Holdings

NameSecurity TypeISINTicker %
EOG RESOURCES INC Foreign StockUS26875P1012 EOG US 10.25
CANADIAN NATURAL RESOURCES LTD Common StockCA1363851017 CNQ CN 10.06
PETROLEO BRASILEIRO SA Foreign StockUS71654V4086 PBR US 9.95
SUNCOR ENERGY INC Common StockCA8672241079 SU CN 9.80
EQUINOR ASA Foreign StockUS29446M1027 EQNR US 9.73
ENI SPA Foreign StockUS26874R1086 E US 9.21
CONOCOPHILLIPS Foreign StockUS20825C1045 COP US 9.20
EXXON MOBIL CORP Foreign StockUS30231G1022 XOM US 9.19
CHEVRON CORP Foreign StockUS1667641005 CVX US 9.19
BP PLC Foreign StockUS0556221044 BP US 9.11
TOTAL SE Foreign StockUS89151E1091 TOT US 8.89
ECOPETROL SA Foreign StockUS2791581091 EC US 8.63
ROYAL DUTCH SHELL PLC Foreign StockUS7802592060 RDS/A US 8.42
PIONEER NATURAL RESOURCES CO Foreign StockUS7237871071 PXD US 8.37
OCCIDENTAL PETROLEUM CORP Foreign StockUS6745991058 OXY US 7.78
EQNR US CALL 20 05/21/21 EQUINOR ASA (22/05/2021) Option 0.00
SU CN CALL 29 05/21/21 SUNCOR ENERGY INC (22/05/2021) Option 0.00
RDSA US CALL 40 05/21/21 ROYAL DUTCH SHELL PLC (22/05/2021) Option 0.00
E US CALL 25 05/21/21 ENI SPA (22/05/2021) Option 0.00
OXY US CALL 25 05/21/21 OCCIDENTAL PETROLEUM (22/05/2021) Option 0.00
BP US CALL 26 05/21/21 BP PLC (22/05/2021) Option 0.00
COP US CALL 55 05/21/21 CONOCOPHILLIPS (22/05/2021) Option 0.00
CVX US CALL 105 05/21/21 CHEVRON CORP (22/05/2021) Option 0.00
PXD US CALL 150 05/21/21 PIONEER NAT RES CO (22/05/2021) Option 0.00
CNQ CN CALL 40 05/21/21 CANADIAN NAT RES LTD (22/05/2021) Option 0.00
PBR US CALL 9 05/21/21 PETROLEO BRASILEIRO SA (22/05/2021) Option 0.00
EOG US CALL 72.5 05/21/21 EOG RESOURCES INC (22/05/2021) Option 0.00
US DOLLAR Currency Security 0.00

As at: 14 May 2021
Holdings are subject to change

137.78%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 9.19% (as at 14 May 2021)

NXF.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.60150$3.60150----$0.67638$1.78283$1.16172$0.15240
2021 +$0.13300$0.13300--------
25-Mar$0.13300$0.13300--------
2020 +$0.44980$0.44980-----$0.33417$0.13605$0.02042
23-Dec$0.06350$0.06350-----$0.04718$0.01921$0.00289
24-Sep$0.11880$0.11880-----$0.08826$0.03593$0.00539
24-Jun$0.16240$0.16240-----$0.12065$0.04912$0.00737
25-Mar$0.10510$0.10510-----$0.07808$0.03179$0.00477
2019 +$0.53810$0.53810----$0.21542$0.11418$0.24532$0.03680
23-Dec$0.11890$0.11890----$0.04760$0.02523$0.05421$0.00813
24-Sep$0.11110$0.11110----$0.04448$0.02357$0.05065$0.00760
24-Jun$0.15240$0.15240----$0.06101$0.03234$0.06948$0.01042
25-Mar$0.15570$0.15570----$0.06233$0.03304$0.07098$0.01065
2018 +$0.64470$0.64470----$0.11459$0.34503$0.21775$0.03266
21-Dec$0.19630$0.19630----$0.03489$0.10506$0.06630$0.00995
24-Sep$0.16680$0.16680----$0.02965$0.08927$0.05634$0.00845
25-Jun$0.15700$0.15700----$0.02790$0.08402$0.05303$0.00795
23-Mar$0.12460$0.12460----$0.02215$0.06668$0.04208$0.00631
2017 +$0.53060$0.53060----$0.20972$0.15510$0.18806$0.02228
28-Dec$0.11000$0.11000----$0.04348$0.03215$0.03899$0.00462
28-Sep$0.13000$0.13000----$0.05138$0.03801$0.04607$0.00546
29-Jun$0.14530$0.14530----$0.05743$0.04247$0.05150$0.00610
30-Mar$0.14530$0.14530----$0.05743$0.04247$0.05150$0.00610
2016 +$0.70130$0.70130----$0.05927$0.47917$0.18303$0.02017
29-Dec$0.16310$0.16310----$0.01378$0.11144$0.04257$0.00469
29-Sep$0.15170$0.15170----$0.01282$0.10365$0.03959$0.00436
29-Jun$0.19000$0.19000----$0.01606$0.12982$0.04959$0.00547
30-Mar$0.19650$0.19650----$0.01661$0.13426$0.05128$0.00565
2015 +$0.60400$0.60400----$0.07738$0.35518$0.19151$0.02007
30-Dec$0.19900$0.19900----$0.02549$0.11702$0.06310$0.00661
29-Sep$0.18530$0.18530----$0.02374$0.10897$0.05875$0.00616
29-Jun$0.16640$0.16640----$0.02132$0.09785$0.05276$0.00553
30-Mar$0.05330$0.05330----$0.00683$0.03134$0.01690$0.00177

(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

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 (Unhedged) please click here