CI Tech Giants Covered Call ETF

TSX TICKER : TXF
 

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 capitalappreciation by investing on an equal weight basis in a portfolio of equity securities of at least the 25 largest technology companies measured by market capitalizationlisted 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 suchissuers directly, by employing a covered call option writing program. The issuers included in the portfolio, which are based on their market capitalization, may be adjustedbased on the Portfolio Manager’s view on the liquidity of the issuers’ equity securities and their related call options.

Fund details

description of elementelement value
Inception date October 2011
Total net assets ($CAD)
As at 2024-04-15
$631.8 million
NAVPS
As at 2024-04-15
$20.4817
Market price
As at 2024-04-15
$20.4900
MER (%)
As at 2023-12-31
0.71
Management fee (%) 0.65
Units outstanding
As at 2024-04-15
30,850,997
Asset class Sector Equity
Currency CAD Hedged
CUSIP 12555E103
Distribution frequency Quarterly
Last distribution $0.4235

Risk rating1

  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High

Investor suitability

For those who:
  • want primarily US equity exposure to companies in the Technology sector on a CAD hedged basis
  • want the potential for high income generation
  • want to receive regular quarterly cash flows (if any)
  • can tolerate medium to high risk

Performance2 As at 2024-03-31

Growth of $10,000 (Since inception date)

growth of 10k graph

Calendar year performance

annual performance graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
12.09% 2.38% 12.09% 31.77% 48.29% 12.40% 16.43% 15.03% 15.31%
*Since inception date

Distribution history3

Payable date Total
2024-03-21 0.4235
2023-12-20 0.3356
2023-09-22 0.3836
2023-06-23 0.3343
2023-03-24 0.3910
Payable date Total
2022-12-21 0.4177
2022-09-22 0.3901
2022-06-23 0.4460
2022-03-24 0.5940
2021-12-23 0.4243

Management team

First we'll display the Team Company and then the Team members
George Lagoudakis

CI Tech Giants Covered Call ETF

TSX TICKER : TXF
 
Portfolio allocations4 As at 2024-03-31
Asset allocation (%)
  • US Equity 96.83
  • International Equity 3.67
  • Cash and Equivalents -0.50
Sector allocation (%)
  • Technology 97.46
  • Telecommunications 4.00
  • Mutual Fund 0.05
  • Cash and Cash Equivalent -0.50
  • Other -1.01
Geographic allocation(%)
  • United States 97.81
  • Ireland 3.67
  • Canada -0.47
  • Other -1.01
Top holdings
Sector (%)
1. Micron Technology Inc Computer Electronics 4.98%
2. Alphabet Inc Cl A Information Technology 4.23%
3. Broadcom Inc Computer Electronics 4.22%
4. Lam Research Corp Computer Electronics 4.22%
5. Applied Materials Inc Computer Electronics 4.09%
6. Intuit Inc Information Technology 4.09%
7. Synopsys Inc Information Technology 4.08%
8. Intel Corp Computer Electronics 4.08%
9. Adobe Inc Information Technology 4.07%
10. ServiceNow Inc Information Technology 4.05%
11. Analog Devices Inc Computer Electronics 4.04%
12. Texas Instruments Inc Computer Electronics 4.03%
13. Salesforce Inc Information Technology 4.03%
14. Cisco Systems Inc Computer Electronics 4.03%
15. KLA Corp Computer Electronics 4.02%
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