CI First Asset Tech Giants Covered Call ETF (Unhedged)

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.

Investor suitability
For those who:

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

Performance

 1m3m6mYTD1y2y3ySI
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)

 

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 Stock100.00%

Holdings

NameSecurity TypeISINTicker %
ZOOM VIDEO COMMUNICATIONS INC Foreign StockUS98980L1017 ZM US 4.84
QUALCOMM INC Foreign StockUS7475251036 QCOM US 4.28
AUTODESK INC Foreign StockUS0527691069 ADSK US 4.26
FACEBOOK INC Foreign StockUS30303M1027 FB US 4.24
AMAZON.COM INC Foreign StockUS0231351067 AMZN US 4.23
SERVICENOW INC Foreign StockUS81762P1021 NOW US 4.22
ALPHABET INC-CL A Foreign StockUS02079K3059 GOOGL US 4.19
NVIDIA CORP Foreign StockUS67066G1040 NVDA US 4.18
APPLE INC Foreign StockUS0378331005 AAPL US 4.11
INTUIT INC Foreign StockUS4612021034 INTU US 4.09
MICROSOFT CORP Foreign StockUS5949181045 MSFT US 4.06
TEXAS INSTRUMENTS INC Foreign StockUS8825081040 TXN US 4.02
APPLIED MATERIALS INC Foreign StockUS0382221051 AMAT US 4.00
ADVANCED MICRO DEVICES INC Foreign StockUS0079031078 AMD US 3.99
ADOBE INC Foreign StockUS00724F1012 ADBE US 3.98
SALESFORCE.COM INC Foreign StockUS79466L3024 CRM US 3.93
MICRON TECHNOLOGY INC Foreign StockUS5951121038 MU US 3.89
BROADCOM INC Foreign StockUS11135F1012 AVGO US 3.79
VMWARE INC Foreign StockUS9285634021 VMW US 3.73
BOOKING HOLDINGS INC Foreign StockUS09857L1089 BKNG US 3.70
ORACLE CORP Foreign StockUS68389X1054 ORCL US 3.61
ACCENTURE PLC Foreign StockIE00B4BNMY34 ACN US 3.55
CISCO SYSTEMS INC Foreign StockUS17275R1023 CSCO US 3.50
INTEL CORP Foreign StockUS4581401001 INTC US 3.49
INTERNATIONAL BUSINESS MACHINE Foreign StockUS4592001014 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
Holdings are subject to change

100.31%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 7.90% (as at 27 Oct 2020)

TXF.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign 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.

News

25 Sep 2017 First Asset Opens the Market First Asset

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 (Unhedged) please click here