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.
Investor suitability
For those who:
| 1m | 3m | 6m | YTD | 1y | 2y | 3y | SI | |
|---|---|---|---|---|---|---|---|---|
| TXF.B | 0.31% | 10.28% | 35.31% | 24.90% | 33.65% | 16.10% | 18.81% | 19.51% |
| Benchmark | -2.98% | 9.80% | 37.14% | 32.56% | 48.53% | 28.51% | 30.94% | 30.87% |
| As at: 30 Sep 2020 - Benchmark: S&P 500 Info Tech Index (Total Return) (Unhedged) | ||||||||
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.
Fund Characteristics | |
| Gross Option Premium* | 11.04% |
|---|---|
| Current Dividend Yield1 | 1.06% |
| Price/Earnings Ratio | 29.90 |
| Price/Book Ratio | 7.84 |
| 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
| Security Type | % |
|---|---|
| Foreign Stock | 100.00% |
| Name | Security Type | ISIN | Ticker | % |
|---|---|---|---|---|
| ZOOM VIDEO COMMUNICATIONS INC | Foreign Stock | US98980L1017 | ZM US | 4.84 |
| QUALCOMM INC | Foreign Stock | US7475251036 | QCOM US | 4.28 |
| AUTODESK INC | Foreign Stock | US0527691069 | ADSK US | 4.26 |
| FACEBOOK INC | Foreign Stock | US30303M1027 | FB US | 4.24 |
| AMAZON.COM INC | Foreign Stock | US0231351067 | AMZN US | 4.23 |
| SERVICENOW INC | Foreign Stock | US81762P1021 | NOW US | 4.22 |
| ALPHABET INC-CL A | Foreign Stock | US02079K3059 | GOOGL US | 4.19 |
| NVIDIA CORP | Foreign Stock | US67066G1040 | NVDA US | 4.18 |
| APPLE INC | Foreign Stock | US0378331005 | AAPL US | 4.11 |
| INTUIT INC | Foreign Stock | US4612021034 | INTU US | 4.09 |
| MICROSOFT CORP | Foreign Stock | US5949181045 | MSFT US | 4.06 |
| TEXAS INSTRUMENTS INC | Foreign Stock | US8825081040 | TXN US | 4.02 |
| APPLIED MATERIALS INC | Foreign Stock | US0382221051 | AMAT US | 4.00 |
| ADVANCED MICRO DEVICES INC | Foreign Stock | US0079031078 | AMD US | 3.99 |
| ADOBE INC | Foreign Stock | US00724F1012 | ADBE US | 3.98 |
| SALESFORCE.COM INC | Foreign Stock | US79466L3024 | CRM US | 3.93 |
| MICRON TECHNOLOGY INC | Foreign Stock | US5951121038 | MU US | 3.89 |
| BROADCOM INC | Foreign Stock | US11135F1012 | AVGO US | 3.79 |
| VMWARE INC | Foreign Stock | US9285634021 | VMW US | 3.73 |
| BOOKING HOLDINGS INC | Foreign Stock | US09857L1089 | BKNG US | 3.70 |
| ORACLE CORP | Foreign Stock | US68389X1054 | ORCL US | 3.61 |
| ACCENTURE PLC | Foreign Stock | IE00B4BNMY34 | ACN US | 3.55 |
| CISCO SYSTEMS INC | Foreign Stock | US17275R1023 | CSCO US | 3.50 |
| INTEL CORP | Foreign Stock | US4581401001 | INTC US | 3.49 |
| INTERNATIONAL BUSINESS MACHINE | Foreign Stock | US4592001014 | IBM US | 3.39 |
| ALTABA INC ESCROW | Foreign Stock | 1.04 | ||
| IBM US CALL 130 11/20/20 INTERNATIONAL BUSINESS MA (21/11/2020) | Option | 0.00 | ||
| INTC US CALL 55 11/20/20 INTEL CORP (21/11/2020) | Option | 0.00 | ||
| ORCL US CALL 62.5 11/20/20 ORACLE CORP (21/11/2020) | Option | 0.00 | ||
| VMW US CALL 155 11/20/20 VMWARE INC (21/11/2020) | Option | 0.00 | ||
| ACN US CALL 235 11/20/20 ACCENTURE PLC (21/11/2020) | Option | 0.00 | ||
| CSCO US CALL 41 11/20/20 CISCO SYSTEMS INC (21/11/2020) | Option | 0.00 | ||
| AVGO US CALL 390 11/20/20 BROADCOM LT (21/11/2020) | Option | 0.00 | ||
| TXN US CALL 155 11/20/20 TEXAS INSTRUMENTS INC (21/11/2020) | Option | 0.00 | ||
| AMAT US CALL 65 11/20/20 APPLIED MATERIALS INC (21/11/2020) | Option | 0.00 | ||
| ADSK US CALL 270 11/20/20 AUTODESK INC (21/11/2020) | Option | 0.00 | ||
| INTU US CALL 350 11/20/20 INTUIT 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 | ||
| MSFT US CALL 225 11/20/20 MICROSOFT CORP (21/11/2020) | Option | 0.00 | ||
| CRM US CALL 260 11/20/20 SALESFORCE.COM INC (21/11/2020) | Option | 0.00 | ||
| AMD US CALL 85 11/20/20 ADVANCED MICRO DEVICES INC (21/11/2020) | Option | 0.00 | ||
| NOW US CALL 530 11/20/20 SERVICENOW INC (21/11/2020) | Option | 0.00 | ||
| AAPL US CALL 121.25 11/20/20 APPLE 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 | ||
| AMZN US CALL 3335 11/20/20 AMAZON.COM (21/11/2020) | Option | 0.00 | ||
| BKNG US CALL 1690 11/20/20 Booking Holdings Inc (21/11/2020) | Option | 0.00 | ||
| GOOGL US CALL 1580 11/20/20 ALPHABET INC(A) (GOOGL (21/11/2020) | Option | 0.00 | ||
| ZM US CALL 560 11/20/20 ZOOM VIDEO COMMUNICATI (21/11/2020) | Option | 0.00 | ||
| FB US CALL 270 11/20/20 FACEBOOK INC (21/11/2020) | Option | 0.00 | ||
| Currency Security | 0.00 | |||
As at: 27 October 2020 | 100.31% | |||
Twelve month trailing distribution yield : 7.90% (as at 27 Oct 2020)
| TXF.B | Total | Cash | Reinvested | Eligible dividends | Non eligible dividends | Other income | Capital Gains | Return of capital | Foreign Income | Foreign tax paid |
|---|---|---|---|---|---|---|---|---|---|---|
| SI | $4.47490 | $4.20490 | $0.27000 | - | - | - | $1.72768 | $0.91685 | $0.54667 | $0.08201 |
| 2020 + | $1.36570 | $1.36570 | - | - | - | - | - | - | - | - |
| 24-Sep | $0.55990 | $0.55990 | - | - | - | - | - | - | - | - |
| 24-Jun | $0.47950 | $0.47950 | - | - | - | - | - | - | - | - |
| 25-Mar | $0.32630 | $0.32630 | - | - | - | - | - | - | - | - |
| 2019 + | $1.21400 | $1.21400 | - | - | - | - | - | $0.88176 | $0.39087 | $0.05863 |
| 23-Dec | $0.29540 | $0.29540 | - | - | - | - | - | $0.21456 | $0.09511 | $0.01427 |
| 24-Sep | $0.29450 | $0.29450 | - | - | - | - | - | $0.21390 | $0.09482 | $0.01422 |
| 24-Jun | $0.29510 | $0.29510 | - | - | - | - | - | $0.21434 | $0.09501 | $0.01425 |
| 25-Mar | $0.32900 | $0.32900 | - | - | - | - | - | $0.23896 | $0.10593 | $0.01589 |
| 2018 + | $1.31840 | $1.31840 | - | - | - | - | $1.15135 | $0.03462 | $0.15580 | $0.02338 |
| 21-Dec | $0.37220 | $0.37220 | - | - | - | - | $0.32504 | $0.00977 | $0.04398 | $0.00660 |
| 24-Sep | $0.33320 | $0.33320 | - | - | - | - | $0.29098 | $0.00875 | $0.03938 | $0.00591 |
| 25-Jun | $0.34570 | $0.34570 | - | - | - | - | $0.30190 | $0.00908 | $0.04085 | $0.00613 |
| 23-Mar | $0.26730 | $0.26730 | - | - | - | - | $0.23343 | $0.00702 | $0.03159 | $0.00474 |
| 2017 + | $0.57680 | $0.30680 | $0.27000 | - | - | - | $0.57633 | $0.00047 | - | - |
| 28-Dec | $0.27000 | - | $0.27000 | - | - | - | $0.26978 | $0.00022 | - | - |
| 28-Dec | $0.30680 | $0.30680 | - | - | - | - | $0.30655 | $0.00025 | - | - |
(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.
30 Jun, 2020 - Semi-Annual Financial Statements
31 Dec, 2019 - Annual Financial Statements
30 Jun, 2020 - Management Report of Fund Performance
31 Dec, 2019 - Annual Management Report of Fund Performance
31 Mar, 2020 - Summary of Investment Portfolio
30 Sep, 2019 - Summary of Investment Portfolio
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 (Unhedged) please click here