First Asset Health Care Giants Covered Call ETF (CAD Hedged)
This ETF provides differentiated exposure to some of the largest health care companies by aiming to minimize volatility and generating attractive income through an actively managed covered call option writing program. As determined by the portfolio manager in its discretion, the largest 20 issuers, measured by market capitalization, listed on a North American exchange are chosen for inclusion in the ETF on an equally weighted basis and are rebalanced quarterly. Distributions are paid quarterly and approximately 25% of the portfolio's securities will have call options written upon them at any given time.
It is intended that at all times at least 90% of the foreign currency denominated assets held by the ETF attributable to the units will be hedged back to the Canadian dollar.
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.
|Gross Option Premium*||7.68%|
|Current Dividend Yield1||1.97%|
|As at 31 Jul, 2018|
* Gross Option Premiums represent those received on 20 Jul, 2018
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.