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 -0.05%2.59%8.13%2.59%46.31%20.56%16.50%19.16%
Benchmark0.96%0.60%7.28%0.60%47.12%31.54%27.45%28.56%
As at: 31 Mar 2021 - Benchmark: S&P 500 Info Tech Index (Total Return) (Unhedged)

 

Historical NAVs

Sector Breakdown

As at February 28, 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.


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*10.59%
Current Dividend Yield10.98%
Price/Earnings Ratio31.44
Price/Book Ratio8.53
As at 28 Feb, 2021
* Gross Option Premiums represent those received on 19 Feb, 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)6.52
P/C Ratio (TTM) (Long)19.26
ROA % (TTM) (Long)12.76
ROE % (TTM) (Long)30.58
As at 28 Feb, 2021

Number of securities: 50

Asset Allocation

Security Type%
Foreign Stock100.00%

Holdings

NameSecurity TypeISINTicker %
APPLIED MATERIALS INC Foreign StockUS0382221051 AMAT US 4.53
ADOBE INC Foreign StockUS00724F1012 ADBE US 4.22
NVIDIA CORP Foreign StockUS67066G1040 NVDA US 4.19
SERVICENOW INC Foreign StockUS81762P1021 NOW US 4.15
ALPHABET INC-CL A Foreign StockUS02079K3059 GOOGL US 4.15
ORACLE CORP Foreign StockUS68389X1054 ORCL US 4.15
TEXAS INSTRUMENTS INC Foreign StockUS8825081040 TXN US 4.15
MICROSOFT CORP Foreign StockUS5949181045 MSFT US 4.10
MERCADOLIBRE INC Foreign StockUS58733R1023 MELI US 4.09
SNAP INC Foreign StockUS83304A1060 SNAP US 4.08
AMAZON.COM INC Foreign StockUS0231351067 AMZN US 4.06
APPLE INC Foreign StockUS0378331005 AAPL US 4.05
INTUIT INC Foreign StockUS4612021034 INTU US 4.04
FACEBOOK INC Foreign StockUS30303M1027 FB US 4.04
ACCENTURE PLC Foreign StockIE00B4BNMY34 ACN US 4.03
QUALCOMM INC Foreign StockUS7475251036 QCOM US 3.99
ADVANCED MICRO DEVICES INC Foreign StockUS0079031078 AMD US 3.97
SALESFORCE.COM INC Foreign StockUS79466L3024 CRM US 3.96
BOOKING HOLDINGS INC Foreign StockUS09857L1089 BKNG US 3.95
BROADCOM INC Foreign StockUS11135F1012 AVGO US 3.94
CISCO SYSTEMS INC/DELAWARE Foreign StockUS17275R1023 CSCO US 3.93
INTEL CORP Foreign StockUS4581401001 INTC US 3.89
INTERNATIONAL BUSINESS MACHINE Foreign StockUS4592001014 IBM US 3.89
MICRON TECHNOLOGY INC Foreign StockUS5951121038 MU US 3.88
ZOOM VIDEO COMMUNICATIONS INC Foreign StockUS98980L1017 ZM US 3.86
ALTABA INC ESCROW Foreign Stock 0.53
ORCL US CALL 67.5 04/16/21 ORACLE CORP (17/04/2021) Option 0.00
IBM US CALL 135 04/16/21 INTERNATIONAL BUSINESS MA (17/04/2021) Option 0.00
AVGO US CALL 480 04/16/21 BROADCOM LT (17/04/2021) Option 0.00
CRM US CALL 220 04/16/21 SALESFORCE.COM INC (17/04/2021) Option 0.00
AMD US CALL 82.5 04/16/21 ADVANCED MICRO DEVICES I (17/04/2021) Option 0.00
ZM US CALL 330 04/16/21 ZOOM VIDEO COMMUNICATI (17/04/2021) Option 0.00
INTC US CALL 65 04/16/21 INTEL CORP (17/04/2021) Option 0.00
MU US CALL 92.5 04/16/21 MICRON TECHNOLOGY INC (17/04/2021) Option 0.00
QCOM US CALL 135 04/16/21 QUALCOMM INC (17/04/2021) Option 0.00
ACN US CALL 270 04/16/21 ACCENTURE PLC (17/04/2021) Option 0.00
BKNG US CALL 2305 04/16/21 Booking Holdings Inc (17/04/2021) Option 0.00
INTU US CALL 390 04/16/21 INTUIT INC (17/04/2021) Option 0.00
TXN US CALL 185 04/16/21 TEXAS INSTRUMENTS INC (17/04/2021) Option 0.00
FB US CALL 295 04/16/21 FACEBOOK INC (17/04/2021) Option 0.00
SNAP US CALL 60 04/16/21 SNAP INC (17/04/2021) Option 0.00
AMZN US CALL 3070 04/16/21 AMAZON.COM (17/04/2021) Option 0.00
AAPL US CALL 121.25 04/16/21 APPLE INC (17/04/2021) Option 0.00
MSFT US CALL 235 04/16/21 MICROSOFT CORP (17/04/2021) Option 0.00
NOW US CALL 480 04/16/21 SERVICENOW INC (17/04/2021) Option 0.00
MELI US CALL 1450 04/16/21 MERCADOLIBRE INC (17/04/2021) Option 0.00
GOOGL US CALL 2040 04/16/21 ALPHABET INC(A) (GOOGL (17/04/2021) Option 0.00
NVDA US CALL 520 04/16/21 NVIDIA CORP (17/04/2021) Option 0.00
ADBE US CALL 450 04/16/21 ADOBE SYS INC DEL COM (17/04/2021) Option 0.00
AMAT US CALL 120 04/16/21 APPLIED MATERIALS INC (17/04/2021) Option 0.00
Currency Security 0.00

As at: 8 April 2021
Holdings are subject to change

101.82%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 10.46% (as at 8 Apr 2021)

TXF.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$5.79990$5.52990$0.27000---$2.46134$2.31646$0.56330$0.08201
2021 +$0.54080$0.54080--------
25-Mar$0.54080$0.54080--------
2020 +$2.14990$2.14990----$0.73366$1.39961$0.01663-
23-Dec$0.78420$0.78420----$0.26761$0.51052$0.00607-
24-Sep$0.55990$0.55990----$0.19107$0.36450$0.00433-
24-Jun$0.47950$0.47950----$0.16363$0.31216$0.00371-
25-Mar$0.32630$0.32630----$0.11135$0.21243$0.00252-
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

3 Feb, 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 First Asset Tech Giants Covered Call ETF (Unhedged) please click here