CI Health Care Giants Covered Call ETF (Unhedged)

Fund Overview

The ETF's investment objectives are to provide holders, through an actively managed portfolio, with (i) regular cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of equity securities of at least the 20 largest health care companies measured by market capitalization listed on a North American stock exchange, 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. The issuers included in the portfolio, which are based on their market capitalization, may be adjusted based on the Portfolio Manager's view on the liquidity of the issuers' equity securities and their related call options.

Performance

 1m3m6mYTD1y2y3ySI
FHI.B 3.94%5.17%8.45%8.45%14.87%13.17%11.90%11.74%
Benchmark4.90%6.80%8.72%8.72%16.30%15.93%14.69%51.64%
As at: 30 Jun 2021 - Benchmark: S&P 500 Health Care Index (Unhedged)

 

Historical NAVs

Sector Breakdown

As at June 30, 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 Health Care Index is a market capitalization weighted index. The constituents of the Index are a subset of the constituents of the S&P 500 Index that have been classified as part of the health care sector according to the Global Industry Classification Standard.

Key Facts

Fund Characteristics

Gross Option Premium*4.36%
Current Dividend Yield12.02%
Price/Earnings Ratio26.19
Price/Book Ratio4.53
As at 30 Jun, 2021
* Gross Option Premiums represent those received on 18 Jun, 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)2.01
P/C Ratio (TTM) (Long)13.77
ROA % (TTM) (Long)6.73
ROE % (TTM) (Long)25.44
As at 30 Jun, 2021

Number of securities: 40

Asset Allocation

Security Type%
Foreign Stock98.71%
Currency Security1.29%

Holdings

NameSecurity TypeISINTicker %
HCA HEALTHCARE INC Foreign StockUS40412C1018 HCA US 5.74
DANAHER CORP Foreign StockUS2358511028 DHR US 5.39
ELI LILLY & CO Foreign StockUS5324571083 LLY US 5.23
THERMO FISHER SCIENTIFIC INC Foreign StockUS8835561023 TMO US 5.16
ZOETIS INC Foreign StockUS98978V1035 ZTS US 5.14
PFIZER INC Foreign StockUS7170811035 PFE US 5.09
ABBOTT LABORATORIES Foreign StockUS0028241000 ABT US 5.07
UNITEDHEALTH GROUP INC Foreign StockUS91324P1021 UNH US 4.97
BECTON DICKINSON AND CO Foreign StockUS0758871091 BDX US 4.97
MEDTRONIC PLC Foreign StockIE00BTN1Y115 MDT US 4.95
JOHNSON & JOHNSON Foreign StockUS4781601046 JNJ US 4.94
GILEAD SCIENCES INC Foreign StockUS3755581036 GILD US 4.92
STRYKER CORP Foreign StockUS8636671013 SYK US 4.91
ABBVIE INC Foreign StockUS00287Y1091 ABBV US 4.87
ANTHEM INC Foreign StockUS0367521038 ANTM US 4.83
BRISTOL-MYERS SQUIBB CO Foreign StockUS1101221083 BMY US 4.82
AMGEN INC Foreign StockUS0311621009 AMGN US 4.78
MERCK & CO INC Foreign StockUS58933Y1055 MRK US 4.71
CVS HEALTH CORP Foreign StockUS1266501006 CVS US 4.69
CIGNA CORP Foreign StockUS1255231003 CI US 4.59
ANTM US CALL 410 08/20/21 ANTHEM INC CLL (21/08/2021) Option 0.00
PFE US CALL 41 08/20/21 PFIZER INC (21/08/2021) Option 0.00
UNH US CALL 430 08/20/21 UNITEDHEALTH GROUP INC (21/08/2021) Option 0.00
MRK US CALL 80 08/20/21 MERCK & CO INC (21/08/2021) Option 0.00
CI US CALL 240 08/20/21 CIGNA CORPORATION COM (21/08/2021) Option 0.00
AMGN US CALL 250 08/20/21 AMGEN INC (21/08/2021) Option 0.00
ABBV US CALL 120 08/20/21 ABBVIE INC (21/08/2021) Option 0.00
MDT US CALL 130 08/20/21 MEDTRONIC PLC (21/08/2021) Option 0.00
BMY US CALL 67.5 08/20/21 BRISTOL-MYERS SQUIBB CO (21/08/2021) Option 0.00
JNJ US CALL 170 08/20/21 JOHNSON & JOHNSON (21/08/2021) Option 0.00
GILD US CALL 70 08/20/21 GILEAD SCIENCES INC COM (21/08/2021) Option 0.00
ABT US CALL 120 08/20/21 ABBOTT LABORATORIES (21/08/2021) Option 0.00
TMO US CALL 530 08/20/21 THERMO FISHER SCIENTIFIC (21/08/2021) Option 0.00
CVS US CALL 82.5 08/20/21 CVS CAREMARK CORP (21/08/2021) Option 0.00
BDX US CALL 250 08/20/21 BECTON DICKINSON AND CO (21/08/2021) Option 0.00
ZTS US CALL 200 08/20/21 ZOETIS INC (21/08/2021) Option 0.00
DHR US CALL 290 08/20/21 DANAHER CORP (21/08/2021) Option 0.00
SYK US CALL 260 08/20/21 STRYKER CORP (21/08/2021) Option 0.00
LLY US CALL 240 08/20/21 ELI LILLY & CO (21/08/2021) Option 0.00
HCA US CALL 230 08/20/21 HCA HOLDINGS INC (21/08/2021) Option 0.00
US DOLLAR Currency Security 1.30

As at: 29 July 2021
Holdings are subject to change

101.07%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 8.36% (as at 29 Jul 2021)

FHI.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$2.29070$2.29070----$0.41114$1.03839$0.49383$0.07206
2021 +$0.41940$0.41940--------
24-Jun$0.18030$0.18030--------
25-Mar$0.23910$0.23910--------
2020 +$1.03470$1.03470----$0.20445$0.55413$0.32248$0.04636
23-Dec$0.29290$0.29290----$0.05788$0.15686$0.09129$0.01313
24-Sep$0.28130$0.28130----$0.05558$0.15065$0.08767$0.01260
24-Jun$0.29900$0.29900----$0.05908$0.16013$0.09319$0.01340
25-Mar$0.16150$0.16150----$0.03191$0.08649$0.05033$0.00723
2019 +$0.60530$0.60530-----$0.45965$0.17135$0.02570
23-Dec$0.12960$0.12960-----$0.09842$0.03669$0.00550
24-Sep$0.15350$0.15350-----$0.11656$0.04345$0.00652
24-Jun$0.15350$0.15350-----$0.11656$0.04345$0.00652
25-Mar$0.16870$0.16870-----$0.12811$0.04776$0.00716
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.

News

6 Oct 2020 Global health-care ETFs provide defence, diversification Investment Executive | Rudy Luukko
13 Jun 2018 First Asset unveils healthcare ETF Wealth Professional | Leo Almazora

Documents

22 Apr, 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 Health Care Giants Covered Call ETF (Unhedged) please click here