This ETF provides differentiated exposure to some of the largest health care companies by aiming to minimize volatility and generating attractive income through an actively managed covered call option writing program. As determined by the portfolio manager in its discretion, the largest 20 issuers, measured by market capitalization, listed on a North American exchange are chosen for inclusion in the ETF on an equally weighted basis and are rebalanced quarterly. Distributions are paid quarterly and approximately 25% of the portfolio's securities will have call options written upon them at any given time.
The foreign currency exposure attributable to the units will not be hedged back to the Canadian dollar.
| 1m | 3m | 6m | YTD | 1y | SI | |
|---|---|---|---|---|---|---|
| FHI.B | 2.01% | -1.43% | 0.74% | 0.74% | 9.41% | 9.15% |
| Benchmark | 3.08% | -0.83% | 3.40% | 3.40% | 12.24% | 12.80% |
| As at: 30 Jun 2019 - Benchmark: S&P 500 Health Care Index (Unhedged) | ||||||
As at 28 June 2019
*As a percent of invested assets
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.
Fund Characteristics | |
| Gross Option Premium* | 4.44% |
|---|---|
| Current Dividend Yield1 | 2.10% |
| Price/Earnings Ratio | 22.72 |
| Price/Book Ratio | 3.64 |
| As at 28 Jun, 2019 * Gross Option Premiums represent those received on 21 Jun, 2019 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) | 1.71 |
|---|---|
| P/C Ratio (TTM) (Long) | 14.79 |
| ROA % (TTM) (Long) | 8.06 |
| ROE % (TTM) (Long) | 25.36 |
| As at 28 Jun, 2019 | |
Twelve month trailing distribution yield : 5.25% (as at 23 Jul 2019)
| FHI.B | Total | Cash | Reinvested | Eligible dividends | Non eligible dividends | Other income | Capital Gains | Return of capital | Foreign Income | Foreign tax paid |
|---|---|---|---|---|---|---|---|---|---|---|
| SI | $0.55350 | $0.55350 | - | - | - | - | $0.20669 | $0.02461 | - | - |
| 2019 + | $0.32220 | $0.32220 | - | - | - | - | - | - | - | - |
| 24-Jun | $0.15350 | $0.15350 | - | - | - | - | - | - | - | - |
| 25-Mar | $0.16870 | $0.16870 | - | - | - | - | - | - | - | - |
| 2018 + | $0.23130 | $0.23130 | - | - | - | - | $0.20669 | $0.02461 | - | - |
| 21-Dec | $0.11570 | $0.11570 | - | - | - | - | $0.10339 | $0.01231 | - | - |
| 24-Sep | $0.11560 | $0.11560 | - | - | - | - | $0.10330 | $0.01230 | - | - |
(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.
31 Dec, 2018 | Annual Financial Statements
30 Jun, 2018 | Interim Financial Statements
31 Dec, 2018 | Annual Management Report of Fund Performance
30 Jun, 2018 | Interim Management Report of Fund Performance
31 Mar, 2019 | Summary of Investment Portfolio
30 Sep, 2018 | Summary of Investment Portfolio
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To access the SEDAR filings of CI First Asset Health Care Giants Covered Call ETF (Unhedged) please click here