CI First Asset Tech Giants Covered Call ETF (CAD Hedged)

Fund Overview

The Fund's investment objective is to provide Unitholders, through an actively managed portfolio, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of securities of the 25 largest technology issuers measured by market capitalization, whose common shares are listed on a North American stock exchange in the GICS Information Technology Sector, as well as those in the GICS Internet & Direct Marketing Retail, Interactive Home Entertainment and Interactive Media & Services Sub-Industries, and excluding those in the GICS Data Processing & Outsourced Services Sub-Industry, and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly, by employing a covered call option writing program. It is intended that at all times at least 90% of the foreign currency denominated assets held by the Fund attributable to the Units will be hedged back to the Canadian dollar.

Investor suitability
For those who:

  • want primarily US equity exposure to companies in the Technology sector on a CAD hedged basis
  • want the potential for high income generation
  • want to receive regular quarterly cash flows (if any)
  • can tolerate medium risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
TXF -1.78%12.25%42.22%20.02%30.76%12.74%14.98%17.85%19.57%15.51%
Benchmark-5.37%11.95%46.13%28.69%47.23%26.42%28.10%28.30%27.17%21.23%
As at: 30 Sep 2020 - Benchmark: S&P 500 Information Technology Index (Total Return)

 

Historical NAVs

Sector Breakdown

As at September 30, 2020

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.


S&P 500 Information Technology Index comprises those companies included in the S&P 500 that are classified as members of the GICS® information technology sector. The Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of information technology shares.

Key Facts

Fund Characteristics

Gross Option Premium*11.04%
Current Dividend Yield11.06%
Price/Earnings Ratio29.90
Price/Book Ratio7.84
As at 30 Sep, 2020
* Gross Option Premiums represent those received on 18 Sep, 2020
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)5.74
P/C Ratio (TTM) (Long)18.04
ROA % (TTM) (Long)12.55
ROE % (TTM) (Long)34.79
As at 30 Sep, 2020

Number of securities: 51

Asset Allocation

Security Type%
Foreign Stock99.97%
Currency Security0.03%

Holdings

NameSecurity TypeISINTicker %
ZOOM VIDEO COMMUNICATIONS INC Foreign StockUS98980L1017 ZM US 4.98
AUTODESK INC Foreign StockUS0527691069 ADSK US 4.31
SERVICENOW INC Foreign StockUS81762P1021 NOW US 4.30
QUALCOMM INC Foreign StockUS7475251036 QCOM US 4.26
APPLIED MATERIALS INC Foreign StockUS0382221051 AMAT US 4.12
NVIDIA CORP Foreign StockUS67066G1040 NVDA US 4.11
INTEL CORP Foreign StockUS4581401001 INTC US 4.07
INTUIT INC Foreign StockUS4612021034 INTU US 4.06
ADVANCED MICRO DEVICES INC Foreign StockUS0079031078 AMD US 4.05
AMAZON.COM INC Foreign StockUS0231351067 AMZN US 4.03
TEXAS INSTRUMENTS INC Foreign StockUS8825081040 TXN US 4.02
ADOBE INC Foreign StockUS00724F1012 ADBE US 4.02
APPLE INC Foreign StockUS0378331005 AAPL US 3.99
MICROSOFT CORP Foreign StockUS5949181045 MSFT US 3.98
VMWARE INC Foreign StockUS9285634021 VMW US 3.93
ALPHABET INC-CL A Foreign StockUS02079K3059 GOOGL US 3.91
SALESFORCE.COM INC Foreign StockUS79466L3024 CRM US 3.91
BROADCOM INC Foreign StockUS11135F1012 AVGO US 3.87
MICRON TECHNOLOGY INC Foreign StockUS5951121038 MU US 3.85
FACEBOOK INC Foreign StockUS30303M1027 FB US 3.82
INTERNATIONAL BUSINESS MACHINE Foreign StockUS4592001014 IBM US 3.75
ORACLE CORP Foreign StockUS68389X1054 ORCL US 3.68
CISCO SYSTEMS INC Foreign StockUS17275R1023 CSCO US 3.64
ACCENTURE PLC Foreign StockIE00B4BNMY34 ACN US 3.55
BOOKING HOLDINGS INC Foreign StockUS09857L1089 BKNG US 3.52
ALTABA INC ESCROW Foreign Stock 1.02
ORCL US CALL 62.5 11/20/20 ORACLE CORP (21/11/2020) Option 0.00
ACN US CALL 235 11/20/20 ACCENTURE PLC (21/11/2020) Option 0.00
IBM US CALL 130 11/20/20 INTERNATIONAL BUSINESS MA (21/11/2020) Option 0.00
AVGO US CALL 390 11/20/20 BROADCOM LT (21/11/2020) Option 0.00
INTU US CALL 350 11/20/20 INTUIT INC (21/11/2020) Option 0.00
CSCO US CALL 41 11/20/20 CISCO SYSTEMS INC (21/11/2020) Option 0.00
MSFT US CALL 225 11/20/20 MICROSOFT CORP (21/11/2020) Option 0.00
VMW US CALL 155 11/20/20 VMWARE INC (21/11/2020) Option 0.00
TXN US CALL 155 11/20/20 TEXAS INSTRUMENTS INC (21/11/2020) Option 0.00
GOOGL US CALL 1580 11/20/20 ALPHABET INC(A) (GOOGL (21/11/2020) Option 0.00
AMAT US CALL 65 11/20/20 APPLIED MATERIALS INC (21/11/2020) Option 0.00
ADBE US CALL 505 11/20/20 ADOBE SYS INC DEL COM (21/11/2020) Option 0.00
AAPL US CALL 121.25 11/20/20 APPLE INC (21/11/2020) Option 0.00
BKNG US CALL 1690 11/20/20 Booking Holdings Inc (21/11/2020) Option 0.00
ADSK US CALL 270 11/20/20 AUTODESK INC (21/11/2020) Option 0.00
CRM US CALL 260 11/20/20 SALESFORCE.COM INC (21/11/2020) Option 0.00
FB US CALL 270 11/20/20 FACEBOOK INC (21/11/2020) Option 0.00
INTC US CALL 55 11/20/20 INTEL CORP (21/11/2020) Option 0.00
AMZN US CALL 3335 11/20/20 AMAZON.COM (21/11/2020) Option 0.00
NOW US CALL 530 11/20/20 SERVICENOW INC (21/11/2020) Option 0.00
NVDA US CALL 560 11/20/20 NVIDIA CORP (21/11/2020) Option 0.00
QCOM US CALL 130 11/20/20 QUALCOMM INC (21/11/2020) Option 0.00
MU US CALL 52.5 11/20/20 MICRON TECHNOLOGY INC (21/11/2020) Option 0.00
AMD US CALL 85 11/20/20 ADVANCED MICRO DEVICES INC (21/11/2020) Option 0.00
ZM US CALL 560 11/20/20 ZOOM VIDEO COMMUNICATI (21/11/2020) Option 0.00
Currency Security 0.03

As at: 19 October 2020
Holdings are subject to change

100.78%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 8.71% (as at 19 Oct 2020)

TXFTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$10.72700$8.94910$1.77790---$5.18950$3.77654$0.45786$0.06661
2020 +$1.36970$1.36970--------
24-Sep$0.56200$0.56200--------
24-Jun$0.48120$0.48120--------
25-Mar$0.32650$0.32650--------
2019 +$1.21830$1.21830-----$1.08720$0.15424$0.02314
23-Dec$0.29650$0.29650-----$0.26459$0.03754$0.00563
24-Sep$0.29570$0.29570-----$0.26388$0.03744$0.00562
24-Jun$0.29630$0.29630-----$0.26442$0.03751$0.00563
25-Mar$0.32980$0.32980-----$0.29431$0.04175$0.00626
2018 +$1.32220$1.32220----$0.89667$0.35823$0.07917$0.01188
21-Dec$0.37250$0.37250----$0.25262$0.10093$0.02231$0.00335
24-Sep$0.33400$0.33400----$0.22651$0.09049$0.02000$0.00300
25-Jun$0.34710$0.34710----$0.23539$0.09404$0.02078$0.00312
23-Mar$0.26860$0.26860----$0.18215$0.07277$0.01608$0.00241
2017 +$2.43720$0.80720$1.63000---$2.40478$0.00197$0.03583$0.00538
28-Dec$1.63000-$1.63000---$1.60832$0.00131$0.02397$0.00360
28-Dec$0.23010$0.23010----$0.22704$0.00019$0.00338$0.00051
28-Sep$0.23010$0.23010----$0.22704$0.00019$0.00338$0.00051
29-Jun$0.17350$0.17350----$0.17119$0.00014$0.00255$0.00038
30-Mar$0.17350$0.17350----$0.17119$0.00014$0.00255$0.00038
2016 +$0.94990$0.80200$0.14790---$0.93184-$0.02127$0.00321
29-Dec$0.14790-$0.14790---$0.14509-$0.00331$0.00050
29-Dec$0.18790$0.18790----$0.18433-$0.00421$0.00064
29-Sep$0.19170$0.19170----$0.18805-$0.00429$0.00064
29-Jun$0.17460$0.17460----$0.17128-$0.00391$0.00059
30-Mar$0.24780$0.24780----$0.24309-$0.00555$0.00084
2015 +$0.71240$0.71240-----$0.68108$0.03686$0.00554
30-Dec$0.18860$0.18860-----$0.18031$0.00976$0.00147
29-Sep$0.20700$0.20700-----$0.19790$0.01071$0.00161
29-Jun$0.19960$0.19960-----$0.19082$0.01033$0.00155
30-Mar$0.11720$0.11720-----$0.11205$0.00606$0.00091
2014 +$0.75870$0.75870----$0.11753$0.62245$0.02149$0.00277
30-Dec$0.17790$0.17790----$0.02756$0.14595$0.00504$0.00065
29-Sep$0.17790$0.17790----$0.02756$0.14595$0.00504$0.00065
27-Jun$0.17790$0.17790----$0.02756$0.14595$0.00504$0.00065
28-Mar$0.22500$0.22500----$0.03485$0.18460$0.00637$0.00082
2013 +$0.87500$0.87500-----$0.86485$0.01194$0.00179
30-Dec$0.22500$0.22500-----$0.22239$0.00307$0.00046
27-Sep$0.22500$0.22500-----$0.22239$0.00307$0.00046
27-Jun$0.22500$0.22500-----$0.22239$0.00307$0.00046
27-Mar$0.20000$0.20000-----$0.19768$0.00273$0.00041
2012 +$0.90000$0.90000----$0.80384$0.01200$0.09706$0.01290
28-Dec$0.20000$0.20000----$0.17863$0.00267$0.02157$0.00287
27-Sep$0.20000$0.20000----$0.17863$0.00267$0.02157$0.00287
30-Jun$0.25000$0.25000----$0.22329$0.00333$0.02696$0.00358
29-Mar$0.25000$0.25000----$0.22329$0.00333$0.02696$0.00358
2011 +$0.18360$0.18360----$0.03484$0.14876--
29-Dec$0.18360$0.18360----$0.03484$0.14876--

(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

25 Sep 2017 First Asset Opens the Market First Asset
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
30 Sep 2014 A look inside Canada's hottest ETFs Special to the Globe and Mail | Andrew Hallam
18 Jun 2014 First Asset ETFs June Distributions Marketwired
15 May 2014 There’s no debating the intelligence of “smart beta” Your Guide to ETF Investing
13 May 2014 Behind the Scenes with Smart Beta www.wealthprofessional.ca
5 May 2014 Taming Wild Currency Plays www.wealthprofessional.ca
14 Apr 2014 Fifteen top Canadian equity funds The Globe and Mail | Jacqueline Nelson
19 Mar 2014 First Asset ETFs March Distributions Marketwired
14 Mar 2014 Understanding factor-indexed ETFs ADVISOR.CA
10 Dec 2013 Intelligent indexing puts a new spin on ETF investing Special to Financial Post
17 Oct 2013 Scouring for ETFs that mix growth, value The Globe and Mail | Ian McGugan
13 Sep 2013 Don't buy exchange-traded funds blindly Richmond News
1 Dec 2012 Fixed-income ETFs hit the sweet spot Investment Executive | Dwarka Lakhan
30 Nov 2012 5 myths about exchange traded funds Financial Post | David Pett
14 Mar 2012 Don't take your ETF's yield at face value Morningstar | John Gabriel
12 Mar 2012 XTF Insight: Convertible bond exchange-traded funds show potential in diversified portfolios Financial Post | Postmedia for XTF | Barry Gordon
7 Mar 2012 Are ETFs bought, rather than sold? Financial Post | Jonathan Chevreau
5 Mar 2012 XTF Insight: Hedging your bets with ETFs Financial Post | Postmedia for XTF
17 Feb 2012 More room to grow for Canadian ETFs Financial Post | David Pett
13 Feb 2012 How ETFs Have Evolved ETF TRENDS | John Spence
13 Feb 2012 XTF Insight: The evolution of ETFs Financial Post | Postmedia for XTF | Barry Gordon
8 Feb 2012 ETFs spurring shift to fee-based advice The Globe and Mail | John Heinzl
6 Feb 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
30 Jan 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
20 Jan 2012 ETF firms take aim at advisors Investment Executive | Megan Harman
13 Dec 2011 First Asset licenses Morningstar indexes for ETFs Investment Executive | James Langton
15 Nov 2011 Advisors embracing ETFs Investment Executive | Megan Harman

Documents

22 Apr, 2020 - 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 First Asset Tech Giants Covered Call ETF (CAD Hedged) please click here