CI Tech Giants Covered Call ETF (Unhedged)

Fund Overview

The ETF'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 equity securities of at least the 25 largest technology 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
TXF.B 9.14%9.91%12.76%12.76%31.07%26.88%17.74%20.74%
Benchmark9.63%9.91%10.57%10.57%29.47%35.39%27.70%29.63%
As at: 30 Jun 2021 - Benchmark: S&P 500 Info Tech Index (Total Return) (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 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*6.64%
Current Dividend Yield10.92%
Price/Earnings Ratio30.55
Price/Book Ratio9.48
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)5.21
P/C Ratio (TTM) (Long)17.69
ROA % (TTM) (Long)14.87
ROE % (TTM) (Long)36.83
As at 30 Jun, 2021

Number of securities: 51

Asset Allocation

Security Type%
Foreign Stock99.99%
Currency Security0.01%

Holdings

NameSecurity TypeISINTicker %
ADVANCED MICRO DEVICES INC Foreign StockUS0079031078 AMD US 4.55
SNAP INC Foreign StockUS83304A1060 SNAP US 4.35
QUALCOMM INC Foreign StockUS7475251036 QCOM US 4.25
ALPHABET INC-CL A Foreign StockUS02079K3059 GOOGL US 4.20
ORACLE CORP Foreign StockUS68389X1054 ORCL US 4.18
APPLE INC Foreign StockUS0378331005 AAPL US 4.17
ADOBE INC Foreign StockUS00724F1012 ADBE US 4.15
INTUIT INC Foreign StockUS4612021034 INTU US 4.14
ACCENTURE PLC Foreign StockIE00B4BNMY34 ACN US 4.12
MICROSOFT CORP Foreign StockUS5949181045 MSFT US 4.12
SERVICENOW INC Foreign StockUS81762P1021 NOW US 4.11
FACEBOOK INC Foreign StockUS30303M1027 FB US 4.04
CISCO SYSTEMS INC/DELAWARE Foreign StockUS17275R1023 CSCO US 3.96
BROADCOM INC Foreign StockUS11135F1012 AVGO US 3.92
APPLIED MATERIALS INC Foreign StockUS0382221051 AMAT US 3.90
NVIDIA CORP Foreign StockUS67066G1040 NVDA US 3.87
TEXAS INSTRUMENTS INC Foreign StockUS8825081040 TXN US 3.87
ZOOM VIDEO COMMUNICATIONS INC Foreign StockUS98980L1017 ZM US 3.86
AMAZON.COM INC Foreign StockUS0231351067 AMZN US 3.86
LAM RESEARCH CORP Foreign StockUS5128071082 LRCX US 3.76
SALESFORCE.COM INC Foreign StockUS79466L3024 CRM US 3.75
MICRON TECHNOLOGY INC Foreign StockUS5951121038 MU US 3.75
INTERNATIONAL BUSINESS MACHINE Foreign StockUS4592001014 IBM US 3.70
DELL TECHNOLOGIES INC Foreign StockUS24703L2025 DELL US 3.69
INTEL CORP Foreign StockUS4581401001 INTC US 3.64
ALTABA INC ESCROW Foreign Stock 0.46
INTC US CALL 57.5 08/20/21 INTEL CORP (21/08/2021) Option 0.00
AAPL US CALL 150 08/20/21 APPLE INC (21/08/2021) Option 0.00
ORCL US CALL 90 08/20/21 ORACLE CORP (21/08/2021) Option 0.00
IBM US CALL 140 08/20/21 INTERNATIONAL BUSINESS MA (21/08/2021) Option 0.00
TXN US CALL 190 08/20/21 TEXAS INSTRUMENTS INC (21/08/2021) Option 0.00
MSFT US CALL 285 08/20/21 MICROSOFT CORP (21/08/2021) Option 0.00
ACN US CALL 315 08/20/21 ACCENTURE PLC (21/08/2021) Option 0.00
AMZN US CALL 3600 08/20/21 AMAZON.COM (21/08/2021) Option 0.00
MU US CALL 77.5 08/20/21 MICRON TECHNOLOGY INC (21/08/2021) Option 0.00
AVGO US CALL 480 08/20/21 BROADCOM LT (21/08/2021) Option 0.00
CSCO US CALL 55 08/20/21 CISCO SYSTEMS INC (21/08/2021) Option 0.00
CRM US CALL 240 08/20/21 SALESFORCE.COM INC (21/08/2021) Option 0.00
DELL US CALL 95 08/20/21 DELL INC (21/08/2021) Option 0.00
ADBE US CALL 610 08/20/21 ADOBE SYS INC DEL COM (21/08/2021) Option 0.00
INTU US CALL 510 08/20/21 INTUIT INC (21/08/2021) Option 0.00
LRCX US CALL 605 08/20/21 LAM RESEARCH CORP (21/08/2021) Option 0.00
NOW US CALL 570 08/20/21 SERVICENOW INC (21/08/2021) Option 0.00
AMAT US CALL 135 08/20/21 APPLIED MATERIALS INC (21/08/2021) Option 0.00
FB US CALL 345 08/20/21 FACEBOOK INC (21/08/2021) Option 0.00
QCOM US CALL 145 08/20/21 QUALCOMM INC (21/08/2021) Option 0.00
ZM US CALL 370 08/20/21 ZOOM VIDEO COMMUNICATI (21/08/2021) Option 0.00
GOOGL US CALL 2550 08/20/21 ALPHABET INC(A) (GOOGL (21/08/2021) Option 0.00
NVDA US CALL 186.25 08/20/21 NVIDIA CORP (21/08/2021) Option 0.00
AMD US CALL 87.5 08/20/21 ADVANCED MICRO DEVICES I (21/08/2021) Option 0.00
SNAP US CALL 60 08/20/21 SNAP INC (21/08/2021) Option 0.00
US DOLLAR Currency Security 0.01

As at: 29 July 2021
Holdings are subject to change

100.38%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 9.64% (as at 29 Jul 2021)

TXF.BTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$6.21780$5.94780$0.27000---$2.46134$2.31646$0.56330$0.08201
2021 +$0.95870$0.95870--------
24-Jun$0.41790$0.41790--------
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

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 Tech Giants Covered Call ETF (Unhedged) please click here