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 2.07%4.39%14.08%4.71%35.18%18.04%17.84%19.35%
Benchmark3.03%4.33%16.69%3.65%36.50%28.98%28.93%28.88%
As at: 30 Apr 2021 - Benchmark: S&P 500 Info Tech Index (Total Return) (Unhedged)

 

Historical NAVs

Sector Breakdown

As at March 31, 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*8.75%
Current Dividend Yield10.94%
Price/Earnings Ratio32.47
Price/Book Ratio9.41
As at 31 Mar, 2021
* Gross Option Premiums represent those received on 19 Mar, 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)6.86
P/C Ratio (TTM) (Long)20.40
ROA % (TTM) (Long)12.63
ROE % (TTM) (Long)30.08
As at 31 Mar, 2021

Number of securities: 104

Asset Allocation

Security Type%
Foreign Stock99.97%
Currency Security0.03%

Holdings

NameSecurity TypeISINTicker %
ORACLE CORP Foreign StockUS68389X1054 ORCL US 4.89
ALPHABET INC-CL A Foreign StockUS02079K3059 GOOGL US 4.72
NVIDIA CORP Foreign StockUS67066G1040 NVDA US 4.68
ADOBE INC Foreign StockUS00724F1012 ADBE US 4.62
INTUIT INC Foreign StockUS4612021034 INTU US 4.60
INTERNATIONAL BUSINESS MACHINE Foreign StockUS4592001014 IBM US 4.60
FACEBOOK INC Foreign StockUS30303M1027 FB US 4.58
APPLIED MATERIALS INC Foreign StockUS0382221051 AMAT US 4.57
ACCENTURE PLC Foreign StockIE00B4BNMY34 ACN US 4.52
MICROSOFT CORP Foreign StockUS5949181045 MSFT US 4.51
CISCO SYSTEMS INC/DELAWARE Foreign StockUS17275R1023 CSCO US 4.51
AMAZON.COM INC Foreign StockUS0231351067 AMZN US 4.46
APPLE INC Foreign StockUS0378331005 AAPL US 4.46
TEXAS INSTRUMENTS INC Foreign StockUS8825081040 TXN US 4.38
SALESFORCE.COM INC Foreign StockUS79466L3024 CRM US 4.32
QUALCOMM INC Foreign StockUS7475251036 QCOM US 4.16
LAM RESEARCH CORP Foreign StockUS5128071082 LRCX US 4.13
SERVICENOW INC Foreign StockUS81762P1021 NOW US 4.10
ZOOM VIDEO COMMUNICATIONS INC Foreign StockUS98980L1017 ZM US 4.03
BROADCOM INC Foreign StockUS11135F1012 AVGO US 4.03
ADVANCED MICRO DEVICES INC Foreign StockUS0079031078 AMD US 3.99
SNAP INC Foreign StockUS83304A1060 SNAP US 3.84
MERCADOLIBRE INC Foreign StockUS58733R1023 MELI US 3.83
MICRON TECHNOLOGY INC Foreign StockUS5951121038 MU US 3.65
INTEL CORP Foreign StockUS4581401001 INTC US 3.62
ALTABA INC ESCROW Foreign Stock 0.57
BOOKING HOLDINGS INC Foreign StockUS09857L1089 BKNG US 0.00
MELI US CALL 1600 05/21/21 MERCADOLIBRE INC (22/05/2021) Option 0.00
NOW US CALL 560 05/21/21 SERVICENOW INC (22/05/2021) Option 0.00
MSFT US CALL 265 05/21/21 MICROSOFT CORP (22/05/2021) Option 0.00
IBM US CALL 135 05/21/21 INTERNATIONAL BUSINESS MA (22/05/2021) Option 0.00
AVGO US CALL 480 05/21/21 BROADCOM LT (22/05/2021) Option 0.00
INTC US CALL 65 05/21/21 INTEL CORP (22/05/2021) Option 0.00
ADBE US CALL 525 05/21/21 ADOBE SYS INC DEL COM (22/05/2021) Option 0.00
CRM US CALL 240 05/21/21 SALESFORCE.COM INC (22/05/2021) Option 0.00
NVDA US CALL 640 05/21/21 NVIDIA CORP (22/05/2021) Option 0.00
MU US CALL 92.5 05/21/21 MICRON TECHNOLOGY INC (22/05/2021) Option 0.00
AAPL US CALL 135 05/21/21 APPLE INC (22/05/2021) Option 0.00
QCOM US CALL 140 05/21/21 QUALCOMM INC (22/05/2021) Option 0.00
AMZN US CALL 3400 05/21/21 AMAZON.COM (22/05/2021) Option 0.00
TXN US CALL 195 05/21/21 TEXAS INSTRUMENTS INC (22/05/2021) Option 0.00
AMD US CALL 82.5 05/21/21 ADVANCED MICRO DEVICES I (22/05/2021) Option 0.00
SNAP US CALL 65 05/21/21 SNAP INC (22/05/2021) Option 0.00
ZM US CALL 340 05/21/21 ZOOM VIDEO COMMUNICATI (22/05/2021) Option 0.00
LRCX US CALL 645 05/21/21 LAM RESEARCH CORP (22/05/2021) Option 0.00
AMAT US CALL 135 05/21/21 APPLIED MATERIALS INC (22/05/2021) Option 0.00
ORCL US CALL 80 05/21/21 ORACLE CORP (22/05/2021) Option 0.00
ACN US CALL 290 05/21/21 ACCENTURE PLC (22/05/2021) Option 0.00
CSCO US CALL 55 05/21/21 CISCO SYSTEMS INC (22/05/2021) Option 0.00
INTU US CALL 420 05/21/21 INTUIT INC (22/05/2021) Option 0.00
GOOGL US CALL 2280 05/21/21 ALPHABET INC(A) (GOOGL (22/05/2021) Option 0.00
FB US CALL 305 05/21/21 FACEBOOK INC (22/05/2021) Option 0.00
US DOLLAR Currency Security 0.03

As at: 14 May 2021
Holdings are subject to change

108.4%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 11.35% (as at 14 May 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

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